Holding this stock is like roller coaster, sleepless night, previous people betting on this, all on heavy losses, new comer who just bought high now back to the dilemma of the veterans here that does not cut loss, 40%-50% paper losses, still better than the veterans here, atleast 70% losses, so far I will said those who set cut loss target will be the better manage one compare to hardcore supporter........

This is the thing people saying, if they have asset able to sale, should have already done earlier or even been use to get more loan instead, why want to sell at a discounted price.....anyway, this is why high risk high gain but also high losses.......

This will be the thing, either you believe or not their plan as someone might think if there already have such plan, you won't wait until the debtors to sue you with desperate move of selling assets. Any mishap will only mean another batch of casualty, one batch on 1.60 crashing down, one batch all the way to 0.35, one batch crashing till 0.22-0.06, so finally, will this another batch of 0.15++ be luckier, surely we have those still holding on each different batches previously..........

From the info here, this company is still in losses on their latest quarter this year, the key question is will they stop their bleeding and when? Anyway, definitely, the latest threat will be how to convince their debtor before Jun 8 to drop the case......

In late April, the group and its three subsidiaries were served with winding-up petitions from six financial institutions that were involved in providing RM1.2 bil in syndicated term financing.
The group in its recently announced financial results posted a net loss of RM290.33 mil for its 2Q ended Dec 31, 2021 as revenue further plummeted across key operating segments (net loss for 1Q FY6/2022: -RM42.11 mil).
As of end-2021, Serba Dinamik has short-term borrowings of RM1.45 bil plus long-term debts of RM2.27 bil whereas cash and cash equivalents amounted to RM218.95 mil.

Seriously, this is the same thinking on those when crash from 1.60 till 0.35 previously, now we are back to the same thinking again with much worst scenario than before, those buy below 0.10 and then throw above 0.15-0.2 bet correctly at that moment, to me this just pure goreng now as nothing is backing the current price unless you got insider info that they have the expected profit to back their business to convince the debtors........

Well, really need to see whether this group of buyer is new investors to this stock, the one said earning must be those newly buying last week also, doubt anyone trying to average down from the new low previously........high risk high gain I only can said.....

No one interest anymore on glove as cannot goreng lol, go oil stock now, people just like to goreng, no care profit/loss, pn17 or not...........

From billions revenue drop till millions revenue, from RM1.60++ crash till 0.35, then suspend till trading again, crashing to 0.10++, tell us how many cash burn here? millions? even billions from those fund holders like KWAP?
Economic consequences? Means all those big company major shareholders all can have same impact to economy will have this same decision later? can we scold those so busybody to make till so formal, close one eye can already right then price won't crash right? why so troublesome do all this?

The only thing i see positive news is management pay the fines and continue manage the company, then AGC come out clear the air.......so means can continue the good job of finding more contract, this time need be more careful.........lol

Are you sure want to congrats? Congrats to those willing to risk at below 0.10, not those old timer holding above 0.35..........

Actually, those sold already done in early stage, anyone still want to buyback no issue at all, there is no regret in stock market as you can always buyback but the question mark will be whether you will drop back to the same hole again......

with 24 million, 400 million++ unit to 0.06, you can become one of the major shareholder owning 10% shareholding.......lol

Seems really alot wan gamble or true genius as 400 million++ = 10% of this stock, even today 200 million++ = 5% of this stock, almost same like previous KWAP holding..........

Awaiting for boss buy back signal lol

Just one way out, who will borrow more money to serba or even buy over all the loan to postpone the repayment to indefinitely? where the fund will come.....

The new price seems stabilize at 6c onwards, place your bet here, what is the prediction, going up or down? I predict will break below 5c.....

Pump and dump? This very risky to me as this negativity momentum is way too strong, fraud accounting then defaulting then regularization plan approval........all hammering down..........proven since Monday anyone try to average or even buy face 50% losses...........not to even said those not cutting losses since those were the days of 0.35 to 1++

tnang

at 7 cent, market cap only 260m, some big fish will come and take over the company. believe SD assets much more than that, with the current oil.

LOL you must be kidding, you forgotten about the debt right, the debt is more than the whole company asset now, the current one need to settle :

While the group has in recent times circumvented criminal charges for falsifying is accounts by virtue of a RM16 mil compound trade-off, one wonders how the group is able to wrangle of the outstanding 25% of its US$222.22 mil (RM974.13 mil) sukuk which is due for maturity this month.

At 10.16am, Serba Dinamik was down 4 sen or 36.36% with 226.3 million shares traded, thus valuing the company at RM261 mil.

the value actually need to know this company earning capability, you can see all this while the revenue in billion then only sudden on Sept 2021 onwards become like this, this is the question mark as mention change location of audit team, curious why the 2 previous qtr before this incident not reaudit, then we can really see whether is this a pattern related to the old audit team...........

Serba Dinamik and the four individuals was previously charged for submitting a false statement to Bursa Malaysia on February 26 last year, in relation to the revenue figure of RM6.01 billion contained in its quarterly report on consolidated results for the quarter and year ended December 31, 2020 (FY20).

This is the scary part if you look at the quarter report and what revenue reported now.....this is not 30% mistake, this is madness mistake.........so daring......thinking what will happen if SC ask to reaudit all the qtr within 2020-2021........

Pada Julai tahun lepas, MPay mengumumkan bahawa anak syarikat milik penuhnya ManagePay Services Sdn Bhd pada 30 Jun 2021 telah mengemukakan permohonan untuk lesen bank digital kepada BNM, disokong oleh tiga rakan strategik dikawal bumiputera — Trustgate Bhd, Crescent Capital Sdn Bhd dan RichWorks International Sdn Bhd.
Firma pelaburan dan perunding strategik Crescent Capital diasaskan dan diketuai oleh Tan Sri Mirzan Mahathir, anak kepada bekas perdana menteri Tun Dr Mahathir Mohamad, manakala RichWorks International diasaskan oleh Dr Azizan

Sorry, wrong timing.......wrong people

Well unless there is good news coming, contracts, debtors agreed for loan restructuring.....

neohts

Closing time 11 cents eat all. Meaning got someone accumulating.
Imagine Pay up front with so much trading volume. Guess who have so much money collecting.

Always there is buyer around, if nobody buying at all, gone already the stock, same goes to the time when crash from 1++ to 0.35, how many casualty till now, the same thinking why people will buy, the same thinking now but now is getting worst 10x time than previously........with PN17 and default payment, winding order etc......

Miss my prediction, closing above 0.10......

I don't see any point want to risk, if i cut loss, then i dump to another better stock instead of waiting for a miracle, surely unless you know very well the company with insider news that they are having tons of contract for good qtr, else if you blindly believe the optimistic theory, cannot be no politic power to help since bumi link, cannot be can crash one since when n when this is oil powerhouse etc......sure gone case...........look at how all those penny stock crashing from well price stock before this.....

Actually, no need to see 9 months so far, just look at coming qtr report will be the deciding point, insider will only the one know whether the company back on track or keep bleeding.......

Truthfully, not optimistic, if back on track, why will be winding order coming early Jan, if just account mistake issue then why facing default......

Is this the tactic of early buyer at 0.12,0.13 then resell back from 0.135 - 0.15?

Very subjective to hold or average as bad precedent previously, ask those above 1, what happen when they add on or even average, double loss with the same thinking as of those buying 0.35 above...........

So, the question mark will be you are at which level of no point.......above 1? above 0.35?

cdfestus

trial will take years to proof guilty, so no jail lo.

This is very conflicting view as been fine means is guilty else how on earth can fine you lol

Why need regularization plan if business is good, why go to PN17, easily all back to normal if it is just 1 year audit mistake, too many so optimistic on this counter previously also.............thinking how power is the management........

seriously, if you look at their qtr financial report, wow, really nice, billions revenue which can see why it fly above 1++ previously, then out of sudden, drop to millions revenue till losses.......

Anyway, not a call to buy or sell, just a thought, this same thinking happen when from 1++ crash till 0.35 previously, all also think a broken ship atleast still a ship that sailing......

i think nobody can trust their account already unless someone really audit all the old account back, their mistake to change auditor people i believe.....

nicholas99

so.. depend on your taste man.. not everything is fake. because audits made every year. he can forged some.. but not all. thats my opinion.

If some, can fall till PN17? this is not some from billion drop till million revenue? what does this tell you? if some, sure settle long long time ago, 1 year++ and still getting worst with default etc...........this tell u what? something is wrong already if the company still profit as usual...........

sapura also gone case, still expect political power to save serba, lol

Waiting boss to buyback lol

Seems still coming strong, my prediction like close below 0.10 is wrong lol, now like close between 0.14-0.15

Sorry to said, too many such cases, don't see history price anymore, those were the days but too many crash to penny stock.......

nicholas99

second thought. if his tipu account only affected 30% of revenue. maybe 70% revenue still real. so?

LOL, it is not 30%, not said profit by billions then become millions as over billion transaction cannot verify?

Still alot interested to buy, can throw till 0.145, let's see closing can stand till what price now........if i m buying gang, i will wait till throwing party finish.......

This is given the prospect of short-selling is limited by virtue of some brokerages imposing a cash-upfront policy. Maybe this is consolation, atleast, expect everyone with real money to push up or down........lol yes, i expect push down.......below 10c to close, very optimistic already this price...........

For serious, now only margin call after so long suspension, sure or not lol

Any guessing of starting price for this on 9 May 9 am, 0.10 c? before close maybe 5c........my prediction....

From day 1, mpay have very low chances compare with all the bigger biggie already, for serious, anyone buy thinking they will get the license is way over thinking to me.....

Actually, if already predicting drop then what is the point of buying anymore even if drop further........

1.4 billions share is nothing if in penny, less than 100 millions or even worst maybe 50 millions, the only left of this company is the foundation to do business, any liquidation is just to get back some peanut......

Rain down to who, who wan to buy is the question mark now, they are main shareholders, what they sell is like selling the company power to someone else, not like the minority here which is selling for money only.......

https://focusmalaysia.my/fraud-buster-foo-lee-meis-departure-a-great-loss-to-sc/

This led to the conviction of Transmile’s former CEO and founder Gan Boon Aun who was found guilty of furnishing misleading statements with the intent to deceive, relating to the company’s revenue for the financial years ended Dec 31, 2005 and 2006.

After 15 years, the Sessions Court found Gan guilty of furnishing misleading financial statements to Bursa Malaysia. He was fined RM2.5 mil (in default 18 months’ imprisonment) and sentenced to a day in jail last year.

Madness, no wonder they don't want to waste time as they are not keen to jail anyone at all, just want to fine.............those movie plot is always on movie only, real life, as long as you can get enough, no issue with the fine at all.........

Winding up also those debtors will only get back less than 10% most probably.....same like the minority shareholders here, 10% mostly to get back once 9 may start throwing.........interesting to know the starting price, any guess, maybe 10c at first from this initial 35c.......or even start from 10c already very optimistic price......