Although I don't have these 3 counters, but I'm sad seeing them keep dropping. Really not easy to invest/trade. A "so-good" companies suddenly come with this news. Sad
The more I read, the more gg the share price going to be. If I am from management, I will issue the private placement at 70c now to stop the bleeding. Too much time has been wasted already. Having said that I will only buy at 80c. For now everyone just chill first wait for management
Main reason is because before Karim join Kpower and SCIB, these two company are very lousy company, share price very low, not profitable.
After Karim join, Serbak awarded a lot of project to these two companies, that why they start to turnaround, profit increase, share price increase.
So if Serbak now is involved in accounting fraud, so very high chances these two company may also involved the same accounting fraud. Plus, majority of the project is come from Serbak, if Serbak project is fake, then all the project it awarded to SCIB and Kpower will be fake also.
Somemore, cash flow is the blood for any organisation. In current situation, it will be very difficult for them to raise fund again, without fund, they company cash flow will be impact severely.
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....
Chrisng9799
13 posts
Posted by Chrisng9799 > 2021-06-14 09:42 | Report Abuse
All go to hell