.
I have updated that SD's new funding strategy will not involve private placements and rights issue anymore.

There will be no more request for funding from shareholders' pockets.

Disposal of warrants is part of this new strategy.

TQ.
.

.
Market speculation since 1 month+ ago, confirmed SIR results are in SD's favour.

Market speculation since last weekend confirmed KPMG trying to do settlement with SD.

But hey, if there are people who want to depress the price lower, please by all means do so.

MORE ACCUMULATION ALL THE WAY UNTIL SIR OUT. Just add more.

So, as it stands, (still accumulating more in the mean time).....

Mutual Funds' Plan (Already executed and waiting)
Bought 500,000,000 SD shares at 31 - 35 sen. = RM165,000,000.00
Plan to sell 500,000,000 SD shares at RM1.50 = RM750,000,000.00
Profit RM585,000,000.00.

Early birds' plan (Already executed and waiting)
Bought 5,000,000 SD shares at 31 sen. = RM1,550,000.00
Plan to sell 5,000,000 SD shares at RM1.00 = RM5,000,000.00
Profit RM3,450,000.00.

Late comers' plan. (Those of you still thinking about it)
Plan to buy 5,000,000 SD shares at 38 sen. = RM1,900,000.00
Plan to sell 5,000,000 SD shares at RM1.00 = RM5,000,000.00
Profit RM3,100,000.00.

The target.

Advise from operators : Play cash, what you can afford to lose and wait for 1st prize (RM1.50).

No contra or credit terms.
.

.
You are another one. Go look Interfund/Pearlwhite comment history.

You run and sell, he buy from you. That is the meaning. Drop to 27 sen, he will still buy.

He buy until SIR out.

Faham ka?

OpporturnityHunter no face to see, close at 0.370.

@Interfund, few days ago, you said, 0.365 run, still on or not leh ???

.
So much for being a so-called operator.

How can you operate without good and credible contacts?

Go call Upstream and dig for information.

If you can't even do a google search for the mouthpiece for this information, you are not fit for the operator job.

And you do not decide management actions and decisions.
.

.
One sentence counter response.

Why was KPMG offering SD for settlement last week?


FSX123 Kpmg has resigned as auditors of SD.

This is not because they are scared or they admit they are guilty.(Pls dont misunderstand).

Auditors are generally required to be independent and objective during an audit, because they are responsible to issue an opinion on the truth and fairness of a company's financial statements(f/s).

They cannot be seen to be siding the directors due to fear or favour. Instead, they should be protecting shareholder's interests.

Board of directors are responsible over the preparation of f/s, and the f/s are then audited by the external auditors. The auditors will then issue their opinion to shareholders.

Notice there is a 3 party relationship here.

1)The auditors who audit the f/s, and

2)Directors who are responsible over the preparation of f/s and

3) The shareholders, who are the recipient of the f/s and the auditor's opinion.

Auditors work for the shareholders and not the board.

The board cannot exert their power or influence on the auditors. The legal case initiated by the board, however, shows otherwise.

So,

KPMG has no choice but to resign because they will no longer be able to audit the f/s objectively, there is now a perception that kpmg may compromise in the audit due to the fear over the outcome of the legal case.

(So, the safest thing to do, is resign, and this is the message to shareholders. Resignation is also strongly recommended by auditor's code of ethics)

The board's decision to take a legal action on KPMG represents an intimidation threat, where the board can be perceived as saying, you either accept what we say or face the consequences of the legal prosecution. (Although their true intention maybe something else)

The question now is:

Was there a need to take legal action on the auditor while the audit is not complete and call for a press conference to condemn the auditor, instead of explaining and solving the issues in hand?

Didnt the audit committee give a warning to the board about how a legal case will affect auditor's independence?

A legal case is a serious issue. Wasn't this discussed with all major shareholders? Did they call for an egm to discuss with shareholders, especially the majority or institutional shareholders, before proceeding?

To get more clarity,

We need to know who are the top 3 major shareholders of Serba Dinamik and whether they were consulted before the legal action was taken.

At the end of the day, KPMG will still need to face the legal case and protect their own reputation, and in the process, have to let the shareholders and authorities know their side of the story, with proper evidence.

This is not only about audit and accounting, its moving towards wider governance issues..

Lets see what happens next.

Post removed.Why?

Post removed.Why?

Post removed.Why?

.
Theta/CTOS all burned......

InterFund® Just wait for SIR why need to worry about people buying SERBADK at discounted price..................... no wonder fsx123 aka rr88 kena scammed stucked high in THETA.................. Karma will get you more than that little kid.................... hahahahahaha.................................

.
Everyone, can you all contact FX321 and tell him not to dump? Hunt down his other 10 accounts.

He is the person responsible for your miseries.

Thank you! Can you not dump so everyone is happy?

Oct 20, 2021 5:57 PM | Report Abuse

FX123 @gloveisgreat. Me, @interfund and @tradersampah are operator actually. We are all in the same group. They do the pumping and i do the dumping.

First we enter when there is no news. Then both of them have to start pumping. They receive 40% comission on the profit if we manage to pump until our target price before we sell.

Then its my turn to do the dumping. If it reach the target entry price, i will be entitled to a 40% comission on the profit.

.

Everyone, can you all contact FX321 and tell him not to dump? Hunt down his other 10 accounts.

He is the person responsible for your miseries.

Thank you! Can you not dump so everyone is happy?

Oct 20, 2021 5:57 PM | Report Abuse

FX123 @gloveisgreat. Me, @interfund and @tradersampah are operator actually. We are all in the same group. They do the pumping and i do the dumping.

First we enter when there is no news. Then both of them have to start pumping. They receive 40% comission on the profit if we manage to pump until our target price before we sell.

Then its my turn to do the dumping. If it reach the target entry price, i will be entitled to a 40% comission on the profit.

.
Thank you! Can you not dump so everyone is happy?

Oct 20, 2021 5:57 PM | Report Abuse

FX123 @gloveisgreat. Me, @interfund and @tradersampah are operator actually. We are all in the same group. They do the pumping and i do the dumping.

First we enter when there is no news. Then both of them have to start pumping. They receive 40% comission on the profit if we manage to pump until our target price before we sell.

Then its my turn to do the dumping. If it reach the target entry price, i will be entitled to a 40% comission on the profit.

.
Thank you! Can you not dump so everyone is happy?

Oct 20, 2021 5:57 PM | Report Abuse

FX123 @gloveisgreat. Me, @interfund and @tradersampah are operator actually. We are all in the same group. They do the pumping and i do the dumping.

First we enter when there is no news. Then both of them have to start pumping. They receive 40% comission on the profit if we manage to pump until our target price before we sell.

Then its my turn to do the dumping. If it reach the target entry price, i will be entitled to a 40% comission on the profit.

Here is the response to these weak insinuations.

1) KPMG has failed in is fiduciary duties by stopping work abruptly and refuse to follow up despite management response to sort it out. Furthermore, KPMG Malaysia (and worldwide) is embroiled in dispute in their quality of work and misstatements in judgement (aka lies) that they made.

2) Local institutional buyers have been nett sellers in many bursa stocks for the last 2 years. It is not surprising that SD is just one of those bursa stocks to be sold off by them.

3) As you have admitted, you are a dump operator. Your point 3 is biased and not worthy of contention.

4) Local institutional buyers have been replaced by International institutional buyers. Serba Dinamik is well known internationally now and have the faith and confidence of the international community.

5) Here you displayed a lack of the working experience in that accounting issues will not lead to reduction in orderbook or loss in potential contracts. O&G companies for examples, have to consider many factors before awarding contracts, and accounting issues is just 1% of the total consideration. There are always check and balances on the clients' end that can help determine the financial prowness of SD.

.
Only those who are incompetent only let this go thru.

PNB - 6.2%
EPF 5.0%

https://klse.i3investor.com/servlets/staticfile/438915.jsp - Kenanga Research

https://klse.i3investor.com/servlets/staticfile/438945.jsp - PB Invest

.

.
Market speculation since 1 month+ ago, confirmed SIR results are in SD's favour.

Market speculation since last weekend confirmed KPMG trying to do settlement with SD.

But hey, if there are people who want to depress the price lower, please by all means do so. More accumulation at lower prices, more profits.

So, as it stands, (still accumulating more in the mean time).....

Mutual Funds' Plan (Already executed and waiting)
Bought 500,000,000 SD shares at 31 - 35 sen. = RM165,000,000.00
Plan to sell 500,000,000 SD shares at RM1.50 = RM750,000,000.00
Profit RM585,000,000.00.

Early birds' plan (Already executed and waiting)
Bought 5,000,000 SD shares at 31 sen. = RM1,550,000.00
Plan to sell 5,000,000 SD shares at RM1.00 = RM5,000,000.00
Profit RM3,450,000.00.

Late comers' plan. (Those of you still thinking about it)
Plan to buy 5,000,000 SD shares at 38 sen. = RM1,900,000.00
Plan to sell 5,000,000 SD shares at RM1.00 = RM5,000,000.00
Profit RM3,100,000.00.

The dream.
.

.

Being branded a sor chai also donno.

https://nuclearmanbursa.blogspot.com/2021/10/part-2-automatik-tak-nak-jadi-soh-chai.html
.

.
When there is no management forte. Just look at history.

1. Buy @RM1.60 1000 units
2. Sell @ 90sen 1000 units
3. Loss RM700
x
x
x
4. Buy @ 31 sen 1000 units
5. Sell @ 37 sen 1000 units
6. Profit RM600
x
x
x

Some people do 1 to 3, but cannot do 4 to 6 and xxx in-betweens.

How many times (xxx area) did the price go between 30.5 sen to 54 sen? How many time the opportunity exist to eliminate losses and turn losses into profits?

Like this also cant do? No wonder everyone is saying Sor Chai.

Take accountability for your piss poor actions.
.

.
.
Some ppl bring nothing to the table, only insinuations. Some people cannot read between the lines in the big scheme of things and take things face value.

In real life, no leadership, no management forte, panicky and a mongerer.

Cannot take accountability of their piss poor decisions and constantly blame others.

And this is corroborated by and branded by the bloggersphere (who are into politics and businesses) as sor chai.
.

.
Next important step, meet fund providers and re-rating agencies. Meetings all setup.

Here is the progress of SD. Key Action Indicators: -

COMPLETED ACTIONS FROM DETAILS BELOW
- Manage cash flow and forecasts - COMPLETED (30/9/2021 consolidated cash balances COMPLETED).
- New financing initiatives will not involve Private Placement. and Rights Issue. - COMPLETED
- EY will provide finalised SIR to Bursa. - COMPLETED
- Bursa to request SD to announce SIR findings. - COMPLETED. Awaiting Bursa notification to disclose.
- Complete 2020 audit and annual report as planned - COMPLETED
- Complete 30/9/2020 QR within time frame or earlier - COMPLETED AND APPROVED. (1st draft out by 21/10/2021)

CURRENT ACTIONS
- Manage prospective asset management / fund management companies who have offered to provide funding (Provide cash balance, draft 30/9/2021 financials and forecasts) - In progress. Meeting arranged.
- Re-engage and manage current financiers (Provide cash balance, draft 30/9/2021 financials and forecasts) - In progress. Meeting arranged.
- Engage rating agencies (Provide cash balance, draft 30/9/2021 financials and forecasts for re-rating) - - In progress. Meeting arranged.
- To deliberate offer by KPMG to resolve legal issue. - In progress.

=====================================================================

Details of Key Action Indicators. Lets run the show for the better of SD.

Shareholders' Mandate
- Restructure company to greater heights - more contracts/projects, focus on customer - done
- Founder's legacy 1 - removed margin call risks till 10 sen and before completion of SIR - done
- Founder's legacy 2 - restructure founder shareholdings to focus on future strategy, finance, legal - in progress

Business Development
- Re-engage lost and new customers and continue to win more contract/projects - in progress
- Provide more innovative and new products and services to customers world wide. - In progress

Operations / Project Management / Procurement
- Continue focus on delivering continue safety, operational efficiency and cost effectiveness - in progress
- Continue to delivery on projects within customers expectations and satisfaction on time.

Finance
- Manage cash flow and forecasts - COMPLETED (30/9/2021 consolidated cash balances COMPLETED).
- Manage collections and expenditures - In progress
- Manage prospective asset management / fund management companies who have offered to provide funding (Provide cash balance, draft 30/9/2021 financials and forecasts) - In progress. Meeting arranged.
- Re-engage and manage current financiers (Provide cash balance, draft 30/9/2021 financials and forecasts) - In progress. Meeting arranged.
- Engage rating agencies (Provide cash balance, draft 30/9/2021 financials and forecasts for re-rating) - In progress. Meeting arranged.
- New financing initiatives will not involve Private Placement. and Rights Issue. - COMPLETED

Governance
- EY will provide finalised SIR to Bursa. - COMPLETED
- Bursa to request SD to announce SIR findings. - COMPLETED. Awaiting Bursa notification to disclose.
- Complete 2020 audit and annual report as planned - COMPLETED
- Complete 30/9/2020 QR within time frame or earlier - COMPLETED AND APPROVED. (1st draft out by 21/10/2021
- Issues highlighted in forum will be dealt by SC/Bursa directly with forummers. SD will have no part in time wasting activities. - In progress.
- To deliberate offer by KPMG to resolve legal issue. - In progress.
.

.
Don't pretend to be bumiputera when you are not.

FSX123 Kalau you fikir orang akan kongsi "insider news" kat forum awam macam ini, you memang sangat kurang cerdik la. Orang yang ada direct dealing dengan Serba ataupun ada ahli keluarga yang pegang jawatan besar dalam serba saja yang akan ada "insider news".

.
Thank you! Can you not dump so everyone is happy?

Oct 20, 2021 5:57 PM | Report Abuse

FX123 @gloveisgreat. Me, @interfund and @tradersampah are operator actually. We are all in the same group. They do the pumping and i do the dumping.

First we enter when there is no news. Then both of them have to start pumping. They receive 40% comission on the profit if we manage to pump until our target price before we sell.

Then its my turn to do the dumping. If it reach the target entry price, i will be entitled to a 40% comission on the profit.

FSX123 I am here to protect innocent people from this pump and dump operators.

.
Here is the response to these weak insinuations.

1) KPMG has failed in is fiduciary duties by stopping work abruptly and refuse to follow up despite management response to sort it out. Furthermore, KPMG Malaysia (and worldwide) is embroiled in dispute in their quality of work and misstatements in judgement (aka lies) that they made.

2) Local institutional buyers have been nett sellers in many bursa stocks for the last 2 years. It is not surprising that SD is just one of those bursa stocks to be sold off by them.

3) As you have admitted, you are a dump operator. Your point 3 is biased and not worthy of contention.

4) Local institutional buyers have been replaced by International institutional buyers. Serba Dinamik is well known internationally now and have the faith and confidence of the international community.

5) Here you displayed a lack of the working experience in that accounting issues will not lead to reduction in orderbook or loss in potential contracts. O&G companies for examples, have to consider many factors before awarding contracts, and accounting issues is just 1% of the total consideration. There are always check and balances on the clients' end that can help determine the financial prowness of SD.

.
Central Asia will be the next focus. BAU!

Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan, Caspian Sea Area.

www.mfa.tj/en/main/view/8923/meeting-with-vice-president-of-serba-dinamik

On October 15, 2021, Deputy Minister of Foreign Affairs of the Republic of Tajikistan Mr. Sharaf Sheralizoda met with the Vice President of Serba Dinamik Mr. Muhammad Nurazmi.

During the meeting, the sides exchanged views on expanding Tajikistan's external relations with foreign countries in the field of digitalization, innovation, development of modern technologies, effective technical innovations, as well as possible areas of cooperation and implementation of joint projects with Malaysian companies.
.

.
When there is no management forte. Just look at history.

1. Buy @RM1.60 1000 units
2. Sell @ 90sen 1000 units
3. Loss RM700
x
x
x
4. Buy @ 31 sen 1000 units
5. Sell @ 37 sen 1000 units
6. Profit RM600
x
x
x

Some people do 1 to 3, but cannot do 4 to 6 and xxx in-betweens.

How many times (xxx area) did the price go between 30.5 sen to 54 sen? How many time the opportunity exist to eliminate losses and turn losses into profits?

Like this also cant do? No wonder everyone is saying Sor Chai.

Take accountability for your piss poor actions.
.

.
Some ppl bring nothing to the table, only insinuations. Some people cannot read between the lines in the big scheme of things and take things face value.

In real life, no leadership, no management forte, panicky and a mongerer.

Cannot take accountability of their piss poor decisions and constantly blame others.

And this is corroborated by and branded by the bloggersphere (who are into politics and businesses) as sor chai.
.

.
Here is the response to these weak insinuations.

1) KPMG has failed in is fiduciary duties by stopping work abruptly and refuse to follow up despite management response to sort it out. Furthermore, KPMG Malaysia (and worldwide) is embroiled in dispute in their quality of work and misstatements in judgement (aka lies) that they made.

2) Local institutional buyers have been nett sellers in many bursa stocks for the last 2 years. It is not surprising that SD is just one of those bursa stocks to be sold off by them.

3) As you have admitted, you are a dump operator. Your point 3 is biased and not worthy of contention.

4) Local institutional buyers have been replaced by International institutional buyers. Serba Dinamik is well known internationally now and have the faith and confidence of the international community.

5) Here you displayed a lack of the working experience in that accounting issues will not lead to reduction in orderbook or loss in potential contracts. O&G companies for examples, have to consider many factors before awarding contracts, and accounting issues is just 1% of the total consideration. There are always check and balances on the clients' end that can help determine the financial prowness of SD.

.
Market speculation since 1 month+ ago, confirmed SIR results are in SD's favour.

Market speculation since last weekend confirmed KPMG trying to do settlement with SD.

But hey, if there are people who want to depress the price lower, please by all means do so. More accumulation at lower prices, more profits.

So, as it stands, (still accumulating more in the mean time).....

Mutual Funds' Plan (Already executed and waiting)
Bought 500,000,000 SD shares at 31 - 35 sen. = RM165,000,000.00
Plan to sell 500,000,000 SD shares at RM1.50 = RM750,000,000.00
Profit RM585,000,000.00.

Early birds' plan (Already executed and waiting)
Bought 5,000,000 SD shares at 31 sen. = RM1,550,000.00
Plan to sell 5,000,000 SD shares at RM1.00 = RM5,000,000.00
Profit RM3,450,000.00.

Late comers' plan. (Those of you still thinking about it)
Plan to buy 5,000,000 SD shares at 38 sen. = RM1,900,000.00
Plan to sell 5,000,000 SD shares at RM1.00 = RM5,000,000.00
Profit RM3,100,000.00.

The dream.
.

.
Market speculation since 1 month+ ago, confirmed SIR results are in SD's favour.

Market speculation since last weekend confirmed KPMG trying to do settlement with SD.
.

Here is the response to these weak insinuations.

1) KPMG has failed in is fiduciary duties by stopping work abruptly and refuse to follow up despite management response to sort it out. Furthermore, KPMG Malaysia (and worldwide) is embroiled in dispute in their quality of work and misstatements in judgement (aka lies) that they made.

2) Local institutional buyers have been nett sellers in many bursa stocks for the last 2 years. It is not surprising that SD is just one of those bursa stocks to be sold off by them.

3) As you have admitted, you are a dump operator. Your point 3 is biased and not worthy of contention.

4) Local institutional buyers have been replaced by International institutional buyers. Serba Dinamik is well known internationally now and have the faith and confidence of the international community.

5) Here you displayed a lack of the working experience in that accounting issues will not lead to reduction in orderbook or loss in potential contracts. O&G companies for examples, have to consider many factors before awarding contracts, and accounting issues is just 1% of the total consideration. There are always check and balances on the clients' end that can help determine the financial prowness of SD.

.
Each naysayer's plan.

Bought 5,000,000 SD shares at 31 sen. = RM1,550,000.00

Plan to sell 5,000,000 SD shares at RM1.00 = RM5,000,000.00

Profit RM3,450,000.00.

The dream.
.

.
Have the naysayers invested heavily in SD in secret?

Where are they? So much analyses and proof.

Now all quiet. Each of them secretly in at 31 sen already with 5 million SD shares ady,

Now, playing dead to avoid detection.
.

.
Sudden Update!!!!!! Next important step, meet fund providers and re-rating agencies. Meetings all setup.

Added : - Complete 30/9/2020 QR within time frame or earlier - COMPLETED AND APPROVED. (1st draft out by 21/10/2021)

Here is the progress of SD. Key Action Indicators: -

COMPLETED ACTIONS FROM DETAILS BELOW
- Manage cash flow and forecasts - COMPLETED (30/9/2021 consolidated cash balances COMPLETED).
- New financing initiatives will not involve Private Placement. and Rights Issue. - COMPLETED
- EY will provide finalised SIR to Bursa. - COMPLETED
- Bursa to request SD to announce SIR findings. - COMPLETED. Awaiting Bursa notification to disclose.
- Complete 2020 audit and annual report as planned - COMPLETED
- Complete 30/9/2020 QR within time frame or earlier - COMPLETED AND APPROVED. (1st draft out by 21/10/2021)

CURRENT ACTIONS
- Manage prospective asset management / fund management companies who have offered to provide funding (Provide cash balance, draft 30/9/2021 financials and forecasts) - In progress. Meeting arranged.
- Re-engage and manage current financiers (Provide cash balance, draft 30/9/2021 financials and forecasts) - In progress. Meeting arranged.
- Engage rating agencies (Provide cash balance, draft 30/9/2021 financials and forecasts for re-rating) - - In progress. Meeting arranged.
- To deliberate offer by KPMG to resolve legal issue. - In progress.

=====================================================================

Details of Key Action Indicators. Lets run the show for the better of SD.

Shareholders' Mandate
- Restructure company to greater heights - more contracts/projects, focus on customer - done
- Founder's legacy 1 - removed margin call risks till 10 sen and before completion of SIR - done
- Founder's legacy 2 - restructure founder shareholdings to focus on future strategy, finance, legal - in progress

Business Development
- Re-engage lost and new customers and continue to win more contract/projects - in progress
- Provide more innovative and new products and services to customers world wide. - In progress

Operations / Project Management / Procurement
- Continue focus on delivering continue safety, operational efficiency and cost effectiveness - in progress
- Continue to delivery on projects within customers expectations and satisfaction on time.

Finance
- Manage cash flow and forecasts - COMPLETED (30/9/2021 consolidated cash balances COMPLETED).
- Manage collections and expenditures - In progress
- Manage prospective asset management / fund management companies who have offered to provide funding (Provide cash balance, draft 30/9/2021 financials and forecasts) - In progress. Meeting arranged.
- Re-engage and manage current financiers (Provide cash balance, draft 30/9/2021 financials and forecasts) - In progress. Meeting arranged.
- Engage rating agencies (Provide cash balance, draft 30/9/2021 financials and forecasts for re-rating) - In progress. Meeting arranged.
- New financing initiatives will not involve Private Placement. and Rights Issue. - COMPLETED

Governance
- EY will provide finalised SIR to Bursa. - COMPLETED
- Bursa to request SD to announce SIR findings. - COMPLETED. Awaiting Bursa notification to disclose.
- Complete 2020 audit and annual report as planned - COMPLETED
- Complete 30/9/2020 QR within time frame or earlier - COMPLETED AND APPROVED. (1st draft out by 21/10/2021
- Issues highlighted in forum will be dealt by SC/Bursa directly with forummers. SD will have no part in time wasting activities. - In progress.
- To deliberate offer by KPMG to resolve legal issue. - In progress.
.

.
Everyone, please cut and paste this response when FX321 post it's comments. TQ

Here is the response to these weak insinuations.

1) KPMG has failed in is fiduciary duties by stopping work abruptly and refuse to follow up despite management response to sort it out. Furthermore, KPMG Malaysia (and worldwide) is embroiled in dispute in their quality of work and misstatements in judgement (aka lies) that they made.

2) Local institutional buyers have been nett sellers in many bursa stocks for the last 2 years. It is not surprising that SD is just one of those bursa stocks to be sold off by them.

3) As you have admitted, you are a dump operator. Your point 3 is biased and not worthy of contention.

4) Local institutional buyers have been replaced by International institutional buyers. Serba Dinamik is well known internationally now and have the faith and confidence of the international community.

5) Here you displayed a lack of the working experience in that accounting issues will not lead to reduction in orderbook or loss in potential contracts. O&G companies for examples, have to consider many factors before awarding contracts, and accounting issues is just 1% of the total consideration. There are always check and balances on the clients' end that can help determine the financial prowness of SD.


FSX123 Why Serba will not recover

1. SIR/Court case

- KPMG is a big 4 company. They deal with hundreds of huge company. Serba is just one of their hundreds of big money clients. There is literally no reason for them to make a false call on their valuable clients. The only factor which might make them do so is because the problem in question is just downright/obviously wrong. Obviously they weighted the pro and cons of calling it out vs not calling it out. Therefore they decide to call it out and risk lawsuit. This is not a matter satu orang je decide. They already bincang kaw2 dalam mesyuarat...

2. Tiada kemasukan besar institutional buyers. Malah public bank jual besar-besaran/cut loss besar-besaran.

- Bukan saja tiada institutional buyer baru, malah institutional buyer sedia ada cabut lari.

3. Agent2 pump and dump mula beroperasi di forum.

- Kenapa baru sekarang nak sembang beli? Kenapa bulan lepas masa harga 0.31-0.35 tidak aktif suruh orang beli??

- Dibandingkan dengan Airasia, forumers memang sentiasa mengalakkan beli walaupun harga jatuh teruk.

- Serba tidak, hanya suruh beli bila harga naik meroket tanpa sebab.

4. Black list institutional buyers

- Lets face it, kaunter ni telah menyebabkan kerugian besar pada institutional buyers. You think mereka ni rugi kemudian tak pandai insaf2. They have strict SOP in place. Fund manager untuk EPF saja sudah lebih 30+ orang. Tiada orang akan risiko kan pekerjaan sendiri untuk buat recommendation untuk fund mereka beli Serba

5. Cannot get future contract/Recover order book

- Nowadays its standard operating procedure to prioritize companies with good governance. Serba have proven it self to have very bad governance. This is known throughout the corporate world. If you are in mid tier management of any decent company, you would know this.

@interfund This fx321 claim to be your kaki...sound like ihunter

@Fx321 everyone here know how the ops work. Many already inside SD and wont sell. Lower price means accumulate more. Thanks for your help letting us accumulate cheaper.
.

.
The top 10 SD forummers here already hold 10% of SD shares for immediate TP of RM1.22 next trading day session after SIR.

Its the official annoucement that they are waiting. Market speculation is already firmed up.

Dont waste time anymore.
.

.

Here is a not so smart fellow.

If SIR negative, why re-enter?

If SIR positive, sure re-enter at RM1.00 straight away.

FSX123 Standby for negative SIR. Better cut loss now and reenter after SIR comes out
.

.
Janetan68/Uncle_Lim.

Roger and ready.
.

.
Sudden Update!!!!!!

Added : To deliberate offer by KPMG to resolve legal issue. - In progress.

Here is the progress of SD. Key Action Indicators: -

COMPLETED ACTIONS FROM DETAILS BELOW
- Manage cash flow and forecasts - COMPLETED (30/9/2021 consolidated cash balances COMPLETED).
- New financing initiatives will not involve Private Placement. and Rights Issue. - COMPLETED
- EY will provide finalised SIR to Bursa. - COMPLETED
- Bursa to request SD to announce SIR findings. - COMPLETED. Awaiting Bursa notification to disclose.
- Complete 2020 audit and annual report as planned - COMPLETED

CURRENT ACTIONS
- Manage prospective asset management / fund management companies who have offered to provide funding (Provide cash balance, draft 30/9/2021 financials and forecasts) - In progress. Meeting arranged.
- Re-engage and manage current financiers (Provide cash balance, draft 30/9/2021 financials and forecasts) - In progress. Meeting arranged.
- Engage rating agencies (Provide cash balance, draft 30/9/2021 financials and forecasts for re-rating) - - In progress. Meeting arranged.
- Complete 30/9/2020 QR within time frame or earlier - In progress. (1st draft out by 21/10/2021)
- To deliberate offer by KPMG to resolve legal issue. - In progress.

=====================================================================

Details of Key Action Indicators. Lets run the show for the better of SD.

Shareholders' Mandate
- Restructure company to greater heights - more contracts/projects, focus on customer - done
- Founder's legacy 1 - removed margin call risks till 10 sen and before completion of SIR - done
- Founder's legacy 2 - restructure founder shareholdings to focus on future strategy, finance, legal - in progress

Business Development
- Re-engage lost and new customers and continue to win more contract/projects - in progress
- Provide more innovative and new products and services to customers world wide. - In progress

Operations / Project Management / Procurement
- Continue focus on delivering continue safety, operational efficiency and cost effectiveness - in progress
- Continue to delivery on projects within customers expectations and satisfaction on time.

Finance
- Manage cash flow and forecasts - COMPLETED (30/9/2021 consolidated cash balances COMPLETED).
- Manage collections and expenditures - In progress
- Manage prospective asset management / fund management companies who have offered to provide funding (Provide cash balance, draft 30/9/2021 financials and forecasts) - In progress. Meeting arranged.
- Re-engage and manage current financiers (Provide cash balance, draft 30/9/2021 financials and forecasts) - In progress. Meeting arranged.
- Engage rating agencies (Provide cash balance, draft 30/9/2021 financials and forecasts for re-rating) - In progress. Meeting arranged.
- New financing initiatives will not involve Private Placement. and Rights Issue. - COMPLETED


Governance
- EY will provide finalised SIR to Bursa. - COMPLETED
- Bursa to request SD to announce SIR findings. - COMPLETED. Awaiting Bursa notification to disclose.
- Complete 2020 audit and annual report as planned - COMPLETED
- Complete 30/9/2020 QR within time frame or earlier - In progress (1st draft out by 21/10/2021)
- Issues highlighted in forum will be dealt by SC/Bursa directly with forummers. SD will have no part in time wasting activities.
- To deliberate offer by KPMG to resolve legal issue. - In progress.
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Read carefully,

- Issues highlighted in forum will be dealt by SC/Bursa directly with forummers. SD will have no part in time wasting activities.

Here is the progress of SD. Key Action Indicators: -

COMPLETED ACTIONS FROM DETAILS BELOW
- Manage cash flow and forecasts - COMPLETED (30/9/2021 consolidated cash balances COMPLETED).
- New financing initiatives will not involve Private Placement. and Rights Issue. - COMPLETED
- EY will provide finalised SIR to Bursa. - COMPLETED
- Bursa to request SD to announce SIR findings. - COMPLETED. Awaiting Bursa notification to disclose.
- Complete 2020 audit and annual report as planned - COMPLETED

CURRENT ACTIONS
- Manage prospective asset management / fund management companies who have offered to provide funding (Provide cash balance, draft 30/9/2021 financials and forecasts) - In progress. Meeting arranged.
- Re-engage and manage current financiers (Provide cash balance, draft 30/9/2021 financials and forecasts) - In progress. Meeting arranged.
- Engage rating agencies (Provide cash balance, draft 30/9/2021 financials and forecasts for re-rating) - - In progress. Meeting arranged.
- Complete 30/9/2020 QR within time frame or earlier - In progress. (1st draft out by 21/10/2021)


========================================================================

Details of Key Action Indicators. Lets run the show for the better of SD.

Shareholders' Mandate
- Restructure company to greater heights - more contracts/projects, focus on customer - done
- Founder's legacy 1 - removed margin call risks till 10 sen and before completion of SIR - done
- Founder's legacy 2 - restructure founder shareholdings to focus on future strategy, finance, legal - in progress

Business Development
- Re-engage lost and new customers and continue to win more contract/projects - in progress
- Provide more innovative and new products and services to customers world wide. - In progress

Operations / Project Management / Procurement
- Continue focus on delivering continue safety, operational efficiency and cost effectiveness - in progress
- Continue to delivery on projects within customers expectations and satisfaction on time.

Finance
- Manage cash flow and forecasts - COMPLETED (30/9/2021 consolidated cash balances COMPLETED).
- Manage collections and expenditures - In progress
- Manage prospective asset management / fund management companies who have offered to provide funding (Provide cash balance, draft 30/9/2021 financials and forecasts) - In progress. Meeting arranged.
- Re-engage and manage current financiers (Provide cash balance, draft 30/9/2021 financials and forecasts) - In progress. Meeting arranged.
- Engage rating agencies (Provide cash balance, draft 30/9/2021 financials and forecasts for re-rating) - In progress. Meeting arranged.
- New financing initiatives will not involve Private Placement. and Rights Issue. - COMPLETED


Governance
- EY will provide finalised SIR to Bursa. - COMPLETED
- Bursa to request SD to announce SIR findings. - COMPLETED. Awaiting Bursa notification to disclose.
- Complete 2020 audit and annual report as planned - COMPLETED
- Complete 30/9/2020 QR within time frame or earlier - In progress (1st draft out by 21/10/2021)
- Issues highlighted in forum will be dealt by SC/Bursa directly with forummers. SD will have no part in time wasting activities.
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Oil price going to USD100 per barrel. Like it or not, gas too is skyrocketting.

USA/UK/China all have supply issues now and Winter is nearing and will go on until early March.

More countries are opening borders for biz travel. Later tourism. Expect more jet fuel shortage!

O&G to be the focus these 4 months.

A boon!
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Ready when you are. All set.

Uncle_Lim huatt chaiii

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Who is disturbing at 38.5 sen? hahaha

Catch the fella.
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Public Bank has eventually exited SD.

50 million shares sold yesterday morning
35 million shares sold this morning

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Is restructuring the main reason or market got hints of the SIR early?
Mohamed Ackiel, Senior Vice President for Special Projects is promoted to Deputy CEO. He led the digital transformation, and several key initiatives and projects in the Middle East, Central Asia, and Americas.

The resignation of five independent members of the Board of Directors in June to protest of the company's lawsuit against auditor KPMG took centre stage in the corporate turmoil at Serbadk.

The SIR is expected to be released in October and its already Mid-October.

However, the current interest to Serbadk shares could also be due to a rosy view of the Oil & Gas sector following the rise in oil prices and resolution between Federal government and Sarawak government on the sales tax issue.

It will enable Petros to control natural gas distribution, develop the downstream petrochemical industry, and attract investments in the downstream industry.

The oil and gas industry is not as gorgeous as it used to, but analysts are expecting Serbadk will benefit from Petros plan.

If there was no such accounting hanky panky and the case against KPMG is genuine, the unfinished business is what is the jewel in Serbadk crown that is attracting unsavory elements?

Hidden hands?
There is a conspiracy theory going around that Serbadk is a creation of high level hands and management and shareholders are currently being flush out for siphoning money out of the company in the billions.

The theory fits in with the Bank force selling on major shareholders and prices suppressed by institutional shareholders selling pressure. However, sources close to Serbadk management dispel such talk and attributed Serbadk rise to the foresight and entrepreneurship of CEO Dato Seri Karim Abdullah.

More so, management is still on course with their business plan and winning contracts abroad. For the second quarter 2021, Serbadk posted a revenue of RM1.2 billion with the bulk coming from operations and maintainance activities abroad.

Several media remained sceptical to highlight that its the lowest profit since listing. It fulfill their scepticism and the allegation Serbadk manipulated their profit figure, but it did not tally with their cashflow.

Under the current circumstances, what matter is Company is still an on-going concern and does not look to be bailing out.

Diamond in the rough?
The second quarter report highlighted EPCC as the second highest contributor and distance third is ICT.

At the end of September, CEO Karim was quoted by Malaysia Reserve highlighting ICT and O&M as contributors that could generate fast cash for the company. It was in response to rising expectation to compliance to ESG (environment, social and governance).

It was an interesting comment at the time Serbadk was launching Very Small Aperture Terminal (VSAT) satellite for a village in Tuaran, Sabah. It was a Proof of Concept collaboration with the Sabah government that could reduce the rural digital divide.

The Space and Telecommunication Technology Division of Serbadk is seldom overlook. Institutioal investors tend to generalise it as still require large amount of investment to get off the ground.

Apparently, the licences held by Serbadk is the envy of certain characters with vested personal interest in the corridor of power.

Karim had the foresight to position the company into a technology segment sought after to expand the digital reach into the far rural areas of Sabah and Sarawak and the development of 5G.

Serbadk is said to be in collaboration with one of the telco and talking to the rest.

The Serbadk episode reminded of one early starter that got flushed out using the same modus operandi of negative auditor report which subsequently opens the room for politically powerful corporate predators to do hostile takeover.

Perhaps it involved KMG too.
Whether Serbadk is a similar case of a company that "has something that these predators want", it still has to survive the EY review of KPMG audit.

If it is proven to be as they claimed, KMPG will be doing another financial settlement for audit negligence after the RM333 settlement for audit failure to 1MDB.

It will be a major embarassment for the Audit Oversight Board of SC, Bursa Malaysia, their minions such as Minority Shareholders Watchdog, Pak Pandir EPF and KWAP.

With many authorities name at stake, what chance will EY not be swayed to pressure in the same manner KPMG got swayed in their many audit failures local and abroad?

https://anotherbrickinwall.blogspot.com/2021/10/unfinished-serba-dinamik-issue.html
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If there is Aunty, there is Uncle.
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How's the weather in Europe? Munich?

Are you going to order frozen Black Torn to celebrate victory?


Sparkling juice, durian, and BJ.


JaneTan68 CITIZEN OF THE WORLD !!!!1!!1!!! PRICE HAS BEEN BULISH FROM 30.5 SEN AND WE ARE TAKING PROFIT BEFORE COMMENCE ANOTHER PUMP !!!!!!1!!!1

FOLLOW RSI AND YOU ARE SAFE !!!!!1!!1

TAKE CARE
14/10/2021 5:

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RM45million profit from Genetec is good track record.

Good track record people, don't make error in investments.

RM45 million can buy >100 million shares of SD.

150% profit from SD how leh? if TP1.00

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Again, you do not read the lines and hints that are given to you by me and by Interfund. Go read his chat history.

He doesn't pump and dump. He is a accumulator and holder.

Pump and dump is another operator.

OpporturnityHunter I guess guess leh, you said break 0.365 game over, i trust you, it will drop below 0.365 and then drop to 0.305 leh then you will say good thing, price will raise again to 0.41 and then you sell again leh, memang bijak leh , I admire bijak guy leh leh