When i first discovered Serba afew months ago, i realized that this company sounds too good to be true in its contracts awarded and the amount was huge for a relatively unknown company until IB and analysts wrote how good it is. Now i hope the true color will show.
I dont care who the project or maincon they sub to. As long as they declare they had recevied the money like they did 90% recevied. Then what to worry.
Money is there!!
1MDB is different story. The money is not there.
Not only malaysia, almost all the business around the world doing business like this. Project award not really based on tender, all table money. Even Petrxxxx in malaysia
bearguy I dont care who the project or maincon they sub to. As long as they declare they had recevied the money like they did 90% recevied. Then what to worry.
Money is there!!
1MDB is different story. The money is not there.
Not only malaysia, almost all the business around the world doing business like this. Project award not really based on tender, all table money. Even Petrxxxx in malaysia 01/06/2021 8:39 PM
Calvin replies:
NO MONEY RECEIVED LAH
MONEY (RM1.865 BILLIONS JUST IOU RECEIVABLES)
MONEY ACTUALLY CAME FROM EXTRA BANK LOANS (RM188 MILLIONS) MONEY FROM PRIVATE PLACEMENT AT RM1.49 TOTAL BANK LOAN NOW A WHOPPING RM3.1 BILLIONS
ONLY SPEND & BURNT CASH
NO REAL CASH FROM EARNINGS
ALL RECEIVABLES NOW SUSPECT LIKE MEGAN MEDIA
THE MEDIA SHOULD GO TAKE PHOTOS OF ALL THE OFFICES/COMPANIES WHICH SERBA IS DEALING WITH ALL THIS TIME
ARE THEY REAL OR FICTITIOUS
LAST TIME MEGAN MEDIA BOASTED HIGH PROFITS FROM BLUE RAY DISC
LOTS OF PROFITS (RECEIVABLES)
IN THE VERY END OF END GAME ONLY THEY FOUND OUT
ALL IOU (RECEIVABLES) WERE FAKE
BLUE RAY DISC FACTORY NON EXISTENT
ADDRESS ALSO FAKE. POSTMAN ALSO CANNOT FIND
INVESTIGATIONS MUST BE DILIGENT AND THOROUGH TO FIND THE TRUTH
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Jack Khan
1,294 posts
Posted by Jack Khan > 2021-06-01 04:58 | Report Abuse
If not fraud then what is it ? Auditor cannot get answer from management and management say auditor does not raise question lol