Screw ur head la. Your head definitely need to screw it up. Did anyone has solid evidence that KPMG not doing his job properly? Not even EY can judge on KPMG not doing their job properly.
. Here is 3 facts that EY have to deal with (and eventually Bursa/SC)
Fact 1 (and applies to all disputed customers actually)
KPMG said this customer owe alot of money, maybe hundreds of millions. The revenue in since 2019 amounting to billions of ringgit. Seems like never get paid.
Then miraculously, post 31/3/2021, this "disputed" customer not only paid in full (or nearly full and within credit terms) the amount owing, but also confirm the balances outstanding at 31/3/2021.
Furthermore, these customers were able to suddenly provide "work site / project site" details that were previously shown in google maps as barren and/or empty land.
Bank transfers for these payments verified against the receiving bank as from the "disputed" sender.
Fact 2 (vendors)
KPMG said these vendors provide services cannot be located and pricing is dubious. But eventually, during SIR, they are shown the equipment and managed to contact the vendors. Vendors also confirm the outstanding balances at 31/3/2021. And SD procurement dept. were able to show quotations from other vendors of the same items before approving to appoint so-called "disputed" vendors.
Bank transfers for these payments verified against the vendor bank as to the "disputed" vendor. Even this documentation is tallied with BNM forex transfer disclousure.
Fact 3 (assets)
Suddenly, assets can be verified physically and then even confirmed by the "companies" that warehoused them previously with documentation.
Pearlwhite is the Special Advisor to Pak Karim. Dark forces can join with SD to make it stronger, no need to takeover or be on the opposition side. SD Directors are all from Sarawak, if I am not mistaken, sorry correct me if I am wrong.
If can release the SIR than no need force sell lo, why still keeping, or may release whatever has confirm like 5 out of the transaction are valid or priorities scope and release earlier.. top manage don't know how to priorities scope meh, give some confident to investor after 2 months of audit.........haha....it drag too long, something not right.....good luck lo
If can release the SIR than no need force sell lo, why still keeping, or may release whatever has confirm like 5 out of the transaction are valid or priorities scope and release earlier.. top manage don't know how to priorities scope meh, give some confident to investor after 2 months of audit.........haha....it drag too long, something not right.....good luck lo
All bilis are 'kan chiong' as well. There must be some reasons for the delay. Pearlwhite has already mentioned it on last Monday that it was supposed to be featured but had a road block. Some tussle going on......hope it can be settled amicably urgently.
Pearlwhite is the Special Advisor to Pak Karim. Dark forces can join with SD to make it stronger, no need to takeover or be on the opposition side. SD Directors are all from Sarawak, if I am not mistaken, sorry correct me if I am wrong.
Posted by @straightarrow All bilis are 'kan chiong' as well. There must be some reasons for the delay. Pearlwhite has already mentioned it on last Monday that it was supposed to be featured but had a road block. Some tussle going on......hope it can be settled amicably urgently. 08/09/2021 8:51 PM
2 months already,. What kind of road block you can imagine. Haha...example just need to confirm your mother name, does it need 2 months....lol, the are not audit the whole book.
Haha, it is funny and entertaining to see how punter call buy here, will not touch a company cant even deliver an audited report more than 1 years 8 months, delay unaudited Q and SIR still in progress after 2 months.....is a red red red flag...only smart one will buy and hold...good luck lo.
@ Nikmon 2 months already,. What kind of road block you can imagine. Haha...example just need to confirm your mother name, does it need 2 months....lol, the are not audit the whole book.
Well to us it's simple. There must be some intricate details blocking them from featuring the SIR. For Pak Karim who build SD from scratch, I am sure he too wants to see SD back to business as usual. But if someone wants to takeover SD by their terms, (sorry just my personal view) then there is where the tussle begins. For me, I will hodl and not buy anymore until there are clearer signs. At 0.40 it may go lower, but how low can it go? Go back to 0.37 and Karim has to force sell? Possible. Eventually it will bounce back, once things are settled.
To each his own, right or wrong, trust your own believe.
If can release the SIR than no need force sell lo, why still keeping, or may release whatever has confirm like 5 out of the transaction are valid or priorities scope and release earlier.. top manage don't know how to priorities scope meh, give some confident to investor after 2 months of audit.........haha....it drag too long, something not right.....good luck lo
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Posted by Stockisnotfun > 2021-09-08 18:06 | Report Abuse
Screw ur head la. Your head definitely need to screw it up. Did anyone has solid evidence that KPMG not doing his job properly? Not even EY can judge on KPMG not doing their job properly.