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i3lurker pearlwhite

any appointment of INEDS today is valid
and they can straight away appoint EY today and then announce both after 5pm

that is the LAW

================> No need tell me. tell PSAi3alert said cannot be done.

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PSAi3alert 1 more step missing: convening of a general meeting

Only shareholders via a general meeting can vote on the appointment of directors

Sec 203 Companies Act 2016 Appointment of directors of public company to be voted on individually



How did SD appoint the 3 new independents then?

.
--------------------WARNING---------------------

someone selling big time!!!!

big dump!!!

someone selling big time!!!!

big dump!!!

.
Good news coming out today nonetheless eventhough SD pusing2.

But funny why so many sellers are selling when good news...

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focusmalaysia saying EY appointed today by executive directors. but executive directors cannot do it.

appointment and finalisation will be by ARC. But ppl assume that appointment done 2 week back. but that was subject to some conditions.

new ARC must approve those new conditions. But ARC only 2 ppl only...how to approve? format appointment and formal SIR cannot proceed because no audit committee (no quorum).

SD announcement going to say EY appointed by this is pending ARC approval where new Independent directors still being look for.

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Remember ya, Audit Risk Committee is the one formalise and approve the SIR.

Must be based on the the final appointment latest consultation/agreement with KPMG. Cannot be based on agreement with EY 2 weeks back ya.

todays announcement should be 2 things

1) appointment of new independent directors who will be in the audit risk committee (so that can approve and officially appointment EY with KPMG's arrangement, whatever that may be)

2) ARC approves EY to conduct to SIC and ARC will report to bursa/sc.

1) must come 1st. if they announce 2) only but 1) pending, then it is non-compliance.

this should clarify matters.

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Remember ya, Audit Risk Committee is the one formalise and approve the SIR.

Must be based on the the final appointment latest consultation/agreement with KPMG. Cannot be based on agreement with EY 2 weeks back ya.

todays announcement should be 2 things

1) appointment of new independent directors who will be in the audit risk committee (so that can approve and officially appointment EY with KPMG's arrangement, whatever that may be)

2) ARC approves EY to conduct to SIC and ARC will report to bursa/sc.

1) must come 1st. if they announce 2) only but 1) pending, then it is non-compliance.

this should clarify matters.

.
SD does not have an Audit Risk Committee.

There's supposed to be 4 independent directors. Now there is only at most 2 members.

Encik Johan bin Mohamed Ishak - New independent New chairmain of ARC
Datuk Abdul Kadier Sahib - Existing ARC member

Puan Sharifah Irina binti Syed Ahmad Radzi - Resigned
Encik Hasman Yusri bin Yusoff - Resigned

How to finalise the appointment of EY leh?

.
SD does not have an Audit Risk Committee.

There's supposed to be 4 independent directors. Now there is only at most 2 members.

How to finalise the appointment of EY leh?

SD taking legal route pushed SD into a lose lose corner with SC's condition of

From the Directive announcement quote

1)

Appoint,by 2 July 2021, an international accounting firm or an accounting firm, with international affiliation,that has adequate experienceand resources, to undertake the SpecialIndependent Review (“SIR”), to address concerns raised by KPMGPLT (“KPMG”), in their presentation to the Board on 3 May 2021

------ISSUE HERE--------

This requires Kpmg's conditions be legally enforceable and also there will the non warranties and indemnities. Also a condition that Kpmg's legal case be withdrawn with a out of court settlement to proceed without issues for the SIR.

2)

Ensure the scope of the SIR is as per agreed between the Audit Committee of SDHB and Ernst & Young Consulting Sdn Bhd (formerly known as Ernst & Young Advisory Services SdnBhd)(“EY”), where the scope was also shared with Bursa Securities on 15 June 2021 and that Bursa Securities reserves the rights to enlarge and extend the scope of work of the SIR to such extent as Bursa Securities may specify;

------ISSUE HERE--------

Now that some Independent Directors resigned, how to approve if Bursa extends scope? No quorum for Audit Committee meeting.

No more quorum for audit committee meeting, how to approve appointment of EY? How to approve Kpmg's conditions? (i.e. kpmg lawyer letter response)

Where are the new independent directors

------CONCLUSION---------

Long way to go. Not so easy.

.
Kpmg got sued for being supposedly negligent in its audit process.

EY have to have access to the CAF files.

Access to those CAF files means SD can "have a look"?

Can use as evidence against Kpmg?

Food for thought.

Kpmg's conditions may not be easily legally enforced, lots of legal technicalities, even SC/Bursa have to be involved in Kpmg's condition.

Lots of indemnities and non warranties.

Can the Kpmg provisional condition enforceable in a court of law?

Can closed door deal be overturned by a court of law?

food for thought

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ONCE RECEIVE KPMG LAWYER LETTER, MUST CONVENE BOD MEETING TO DELIBERATE AND APPROVE.

KPMG SURE GOT ALOT OF CONDITIONS WAN.

APPROVE IN 1 HOUR CAN BE DONE? OR WHAT IF NEED TO DISCUSS DELIBERATE AND REQUEST CHANGES?

FOOD FOR THOUGHT.

FOR BOD, NO FRIDAY PRAYERS TODAY.

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WHO IS CAMPING OUTSIDE SERBA DINAMIK'S OFFICE?

PRETEND TO BE SWEEPER TO CHECK WHETHER KPMG LAWYER COURIER LETTER

FYI, REPLY LETTER CANNOT BE THRU EMAIL YA

MUST BE HAND DELIVERED TO PHYSICAL ADDRESS

OTHERWISE NO PROOF OF RECEIPT.

SOME VERY EASY READING FOR KLSEI3

https://www.zulrafique.com.my/ckfinder/userfiles/files/Article/Article-ServiceofWritbywayofARRegisteredPost-IsProofofPostingAConclusiveProofofService.PDF

MORE ADVANCE GOT, 3 CASE LAWS....BUT SUFFICE FOR HERE.

.,
To be honest, KPOWER and SCIB are 20sen shares. Only spiked up at the same time 1 year+ ago.

If not, it is a forever 20 sen share company. Nothing has changed fundamentally for those 2 companies. Still the same numbers in BS and PnL.

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LENO IS MISSING AGAIN.

WHEN LENO NO POST HERE, SD UP

FYI, LENO IS BUSY......

.
30 years of experience on inverse chart - 53.5 sen

GOOD DAY FOR DAY TRADERS TODAY

DAY TRADERS SING SONG TIN CAN ALOT TODAY

SIGNATURE REMARK ALL COME OUT

HAPPY TO MAKE PROFIT

GO GO GO

.

NO NEED IF PLAY CONTRA.

Steady Punpipi Insiders must have known .....or else this astronomical trading vol.....involves huge funding

.
If Karim, forced sell in 29/6, surely 30/6 would have some forced sell.

karim forced sell about 62million shares 29/6

IF YOU FALL UNDER THAT, YOU HAVE TO SELF DISCLOSE, OTHERWISE LOKAP.


leno https://www.theedgemarkets.com/article/sc-amends-capital-market-laws-e...

anyone care to explain wat fak is this ?
i mean wat fak does this mean.
Let say currently i own share worth multi million, any effect on me or not ?
Thank you.
01/07/2021 5:21 PM

.
TODAY DAY TRADERS MAKE MONEY

MAKE MONEY COME HERE TIN TONG TIN CAN

MAKE POSTS ALSO MORE AGGRESSIVE NOW

GOT FIGHTING SPIRIT

MUST SHOW EGO AND CONFIDENCE

STAND TALL AND STRONG

BUT AS WE ALL KNOW.................LOL

.
DAY TRADERS WILL ALWAYS GET CAPS

BECAUSE THEY ARE "SPECIAL NEEDS PERSON"

GIVE A BIT OF LEEWAY.

.

CAN. YOU JUST TURN THEM 90 DEGREES, AND THEY WALK STRAIGHT LAH.

Mikecyc Haha today 2 batch of Crabs : 0.395 n 0.435....see see loh tomolo Crabs can walk straight ke....

.
LENO

Quote "I never own SD shares and will never own SD shares, ever!!!"

.

EH, GO READ MY POSTS LA. WHO WOULD SAPORT KARIM?

POLITIK PARTI LA. UNTIL NOW, THEY DON'T APPROVE AND LET SD ON THEIR OWN.

MAYBE CHANGE OF MIND? U DONNO DAYAK KENCING KUCING AH?

telurgoreng Who go take hundreds of million to push it up? Karim and gang kena force selling kau kau, so pushing is definitely not them la.

Use common sense la, wanna suggest also at least suggest something logical and feasible la. If they really never appoint, u tahan for what? tomorrow LD not so bad, then Monday LD how? Nobody will tahan and push up if no news la... pls give suggestion like a smart person, dont announce the world u are dumb like a fool..

.

LENO STYLE OF LANGUAGE CHANGE


leno Good fight ... good fight.

Market close 5 pm.
Then, we wait 6 pm for announcement.

Then we fight again.

.

BANYAK PANDAI

Alex™ or wayang sendiri buysell?
01/07/2021 4:55 PM

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telurgoreng The volume too big today, I suspect maybe got inside news leak our on auditor appointment. The amount too big for shark to goreng... 1.74b traded...

THEY PUSH IT UP AS MUCH AS POSSIBLE AND WHEN NO BURSA NEWS TOMORROW, IT START TO GO LD FROM 40 SEN NOT SO BAD AS LIMIT DOWN FROM 30 SEN

:)

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WHEN LENO DISAPPEAR, SD UP UP UP

IS UNKER TAN = LENO?

AFTER UNKER TAN KENA WARNING, LENO NEVER USED TO WORD "FRAUD" ANYMORE

IS LENO THE SECRET RETAIL SINDIKIT?

.
THE BUYING WILL BE STRONG

TO FOOL RETAIL

SO FAR, STILL NO NEWS ABOUT KPMG ACCEPTANCE

AND WHEN RECEIVE THE LAWYER LETTER,

NEED TO HOLD BOD MEETING.

TODAY, NO BOD MEETING.

TODAY NO LETTER FROM LAWYER

LAWYER STANDARD PRACTICE IS MUST RESPOND IN 7 DAYS

BUT BUT BUT

LETTER FROM SD LAWYER TO KPMG LAWYER WAS SENT ON TUESDAY

SO HOW?

.
WHEN DAY TRADERS MAKE MONEY,

THEY COME HERE TING TONG TIN CAN

WITH THEIR "OWN LANGUAGE" TO SAY MAKE SOME MARNEE (ALTHOUGH VERY SMALL)

SOME GOT UNIQUE SIGNATURE ALL THE TIME

ONLY USE WHEN MAKE SOME MARNEE

.,
kpower and scib up.

maybe news that karim resigned from board.

just speculating

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WHEN LENO DISAPPEAR, SD GO UP

LOL

.
GOOD DAY FOR DAY TRADERS

DON'T SAY I NEVER SAPORT ALL OF YOU

HELP YOU ALL GET $

.
LENO IS WAITING TO SELL HIS SD SHARES...

HIS INACTIVITY HERE IS VERY TELLING

SO BUSY

.

FREN SAME MEANING LA. MAKE SURE YOU LOOK AT THE TRADING PLATFORM PROPERLY OKIE...

beruang lwn bear

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BELOW 30 SEN, KARIM MARGIN CALL.

CALLING ALL LU AND DAY TRADERS, PLEASE SUPPORT THE MARKET.

KARIM NEEDS U.

AS DAY TRADER, LIE OR STEAL OR FRAUD IS OK, AS LONG AS YOU PROFIT

AS USUAL, CUT AND PASTE GOOD NEWS TO PROP UP SD

THESTAR HAS A GOOD PIECE TODAY TO JUSTIFY SD GOING BACK UP TO 2.00

WAH...BUY 33SEN, SELL RM2.00

PROFIT

HOW TO TELL SIGNS OF A COOKOO AND BODOH INVESTOR

1) COOKOO INVESTOR ADMITS MISTAKES OF BUYING AT HIGH PRICE, BUT NEVER ADMIT MISTAKES OF REALISED LOSS

2) TO JUSTIFY BUYING AT HIGH PRICE, THEY AVERAGE DOWN, OR BUY AT LOWER PRICE. THIS IS CALLED SELF-REINFORCING EFFECT TO MAKE THEMSELVES FEEL BETTER

3) IF PRICE CONTINUE TO DROP, THEY WILL BUY MORE, TRYING TO AVERAGE DOWN.

4) THEY CALCULATE THEIR DAILY UNREALISED PROFIT OR UNREALISED LOSS BASED ON THE CLOSING PRICE VS. THEIR AVERAGE DOWN PRICE

5) WHEN (AND IF LAH) THE PRICE GOES UP THEIR AVERAGE PRICE, THEY WILL SELL VERY FAST AND TELL THE WHOLE WORLD MAKE PROFIT. BUT THEY WONT SAY HOW MUCH PROFIT.

6) *** BUT THEY LIE TO THEMSELVES HOW THEY PROFIT. EXAMPLE. AVERAGE PRICE RM1.00. THEIR LOWEST PRICE PURCHASE WAS 80 SEN. THEY SELL AT RM.1.02. THEY USE THE 80 SEN AS THE PRICE TO CALCULATE THE PROFIT. SENDIRI TIPU SENDIRI.

7) IF PRICE NOT MOVING, THEY GIVE EXCUSE AS "LONG TERM INVESTOR" OR GIVE EXAMPLE OF OTHER COMPANIES THAT THEY HOLD FOR VERY LONG TIME TO JUSTIFY

8) IF YOU CALCULATE THEIR REAL PROFIT, IT IS MOST LIKELY LOWER THAN FD RATE FOR 6 MONTHS. THEY DONNO HOW TO VS. OPPORTUNITY COST AGAINST RISK FREE INTEREST RATE.

9) WORST ONES ARE THOSE WHO BUY HIGH SELL LOW CAN MAKE PROFIT.
------------------------------------COOKOO AND BODOH-------------------------------------------

.
HOW TO TELL SIGNS OF A COOKOO INVESTOR

1) COOKOO INVESTOR ADMITS MISTAKES OF BUYING AT HIGH PRICE, BUT NEVER ADMIT MISTAKES OF REALISED LOSS

2) TO JUSTIFY BUYING AT HIGH PRICE, THEY AVERAGE DOWN, OR BUY AT LOWER PRICE. THIS IS CALLED SELF-REINFORCING EFFECT TO MAKE THEMSELVES FEEL BETTER

3) IF PRICE CONTINUE TO DROP, THEY WILL BUY MORE, TRYING TO AVERAGE DOWN.

4) THEY CALCULATE THEIR DAILY UNREALISED PROFIT OR UNREALISED LOSS BASED ON THE CLOSING PRICE VS. THEIR AVERAGE DOWN PRICE

5) WHEN (AND IF LAH) THE PRICE GOES UP THEIR AVERAGE PRICE, THEY WILL SELL VERY FAST AND TELL THE WHOLE WORLD MAKE PROFIT. BUT THEY WONT SAY HOW MUCH PROFIT.

6) IF PRICE NOT MOVING, THEY GIVE EXCUSE AS "LONG TERM INVESTOR" OR GIVE EXAMPLE OF OTHER COMPANIES THAT THEY HOLD FOR VERY LONG TIME TO JUSTIFY

7) IF YOU CALCULATE THEIR REAL PROFIT, IT IS MOST LIKELY LOWER THAN FD RATE FOR 6 MONTHS.

.
EVEN WHEN ARMADA IN TROUBLE, EPF DISPOSED VERY SLOWLY

AND AT ONE POINT WAS SLIGHTLY <5% SHAREHOLDING, BUT THAT WAS CORRECTED WITHIN 2 DAYS WITH SMALL PURCHASE TO JUST 5.XX %

THE WAY EPF DISPOSED SO QUICKLY IS INDICATION NOT GOOD.

EVEN WHEN ARMADA IN TROUBLE, ARMADA TALK TO EPF.

SD DON'T ANSWER EPF CALL AND EPF GOOD BUDDIES WITH BURSA AND SC

INSIDER INFO LEAD TO FAST SELLING BY EPF

GOOD LUCK

TOMORROW, FOR THE SAKE OF KLSEI3 DREBAR, LU LU LU TO WHATEVER YOUR DREAM TP. ALL THE PROFIT COME TO YOUR POCKET, UNTIL SLEEP AT NIGHT, DENTURES FALL OUT.

.
@Cojack31 If no this type off selling. Will maintain above 40 cts..my curious is who is collecting???
30/06/2021 6:24 PM

KLSEI3 DREBAR

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30 SEN BROKEN, KARIM MORE FORCED SELL

20 SEN BROKEN, KARIM GONE FOREVER

.,
AWANG FORCED SELLING

29,954K SHARES

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3171522

.
NEW KING IS RETAIL INVESTOR

BIG PLAYER A B C ALL OUT OF ACTION - LOSS ADY

BIG BOSS A B C LUCKY NOT TO LOSE ALL CAPITAL.

SD ON THEIR OWN.

GOOD LUCK

.
TO BE HONEST, THERE IS ONE AVENUE FOR "LONG TERM" SD INVESTORS TO LESSEN THEIR LOSSES...


------------ SELL TO SOME KLSEI3 INVESTOR HERE ----------------

THEY ARE MASTERS, BUY HIGH SELL LOW = SUPER NORMAL PROFIT

.
THIS KARIM IS REAL WARLORD

PUT IN BURSA ANNOUNCEMENT

"FORCED SELLING"

1ST TIME I SEE

.
SD TRADE ON SENTIMENT

. ANNOUNCE APPOINTMENT OF iNDEPENDENT REVIEWER - LU LU

. ANNOUNCE KPGM AGREE TO CO-OPERATE WITH INDPENDENT REVIEWER - LU LU

. ANNOUNCE APPOINTMENT OF EXTERNAL AUDITOR - LU LU

. ANNOUNCEMENT BY INDEPENDENT REVIEWER - CONCUR WITH KPMG FINDINGS -

-------------------------------DROP TO 2 SENS---------------------------

WHEN 2 SENS, ALOT KOW BEH KOW BOO UNFAIRNESS AND SCAMMED

LOL

.
REALLY APPOINTED? YOUR SOURCES?

READ THE EDGE LA.

ALREADY ANNOUNCED LAST NIGHT

DOH!!

15 MINS INTO TRADING

INSTITUTIONAL INVESTORS HAVE NOT SOLD ANY SHARES YET....

SKALI DATANG,

HABIS THIS SO CALLED RETAIL PLAYER

WILL BE COUNTING LOSSES