Posted by sharewiz118 > 2021-09-16 20:15 | Report Abuse

Ikan bilis should hope for miracle, if tomorrow 20 million people buy 100,000 share each waaa RM 1.60 cent lor . ya dream on

Posted by Geek2020 > 2021-09-16 20:16 | Report Abuse

If EY clears Serba it will fly like no tommorow. Risk v reward analysis makes it worthwhile to take a stake in this company

Posted by solomolo > 2021-09-16 20:19 | Report Abuse

Geek2020...yup it will help people stuck at 80cents lorh....haha

Posted by InterFund > 2021-09-16 20:19 | Report Abuse

Limit up 66cent.............

Posted by solomolo > 2021-09-16 20:21 | Report Abuse

haiyak...still stuck 20cents...hehe

Posted by Surebet > 2021-09-16 20:36 | Report Abuse

Anything PNB hold will hidup saw ICON how it shot gamestop one more time

Posted by DickyMe > 2021-09-16 20:36 |

Post removed.Why?

Posted by Mabel > 2021-09-16 20:38 | Report Abuse

https://www.thesundaily.my/local/kpmg-to-pay-rm333-mln-to-malaysian-govt-as-1mdb-settlement-BD8353377

UALA LUMPUR: KPMG has agreed to a settlement valued at RM333 million (US$80 million) to resolve all claims related to its fiduciary duties on auditing of 1Malaysia Development Bhd (1MDB) accounts for the period of 2010 to 2012, the Ministry of Finance (MoF) said.

The settlement with KPMG, valued at more than 800 times the audit fees earned by KPMG, represents one of the largest 1MDB-related settlements by an audit firm in Southeast Asia, it said in a statement today.

Posted by Mabel > 2021-09-16 20:43 | Report Abuse

Serba Dinamik O&G Cumulative Rev from 25/5/2016 – 31/3/2021

Malaysia ___ 5888.584M ... Petronas Chemical, Methanol, Carigali, Gas
Qatar ____ 4601.051M ...Process Dynamics, Pavilion, Halul
UAE _____ 3380.402M ... New Thunder, Sum tech, Block 7, FDDS
Bahrain ____ 1756.658M ... Lata, Regno
Saudi ____ 1201.493M ... Midad
Turkmenistan __ 721.542M ... Turkmengas
Indonesia ___ 613.514M ... Pilar
Oman ____ 580.59M ... Revenue Int
Kuwait ____ 224.697M
Tanzania ___ 194.809M ..... Sufini
India _____ 60.028M ...... Captive, Analog
Uzbekistan __ 40.33M ...... Hazarasp
UK ____ 28.323M
Laos _____ 20.99M ...... Nam Taep
Sri Lanka ___ 16.7M
Kazakhstan ___ 1.789M

Posted by DickyMe > 2021-09-16 20:46 |

Post removed.Why?

Posted by pearlwhite > 2021-09-16 20:50 | Report Abuse

.

SD will be paid next.

KPMG to pay RM333mil to M’sian govt as 1MDB settlement, says Finance Ministry

https://www.thestar.com.my/business/business-news/2021/09/16/kpmg-to-pay-rm333mil-to-msian-govt-as-1mdb-settlement-says-finance-ministry

Posted by pearlwhite > 2021-09-16 20:51 | Report Abuse

.
Rm3.5 billion.....

Posted by pearlwhite > 2021-09-16 21:08 | Report Abuse

.
1. Out of court settlement from KPMG to SD
2. KPMG partners get AOB strike off from register
3. Bursa issues SD no fault
4. SC denounces Kpmg's assertions
5. SC/Bursa rules that reporting to SC does not tantamount to immunity to due process and responsibility to capital markets.

Writing on the wall.
Only flies stuck there to be swatted

Posted by Mabel > 2021-09-16 21:17 | Report Abuse

Pearlwhite is a very smart investor...

Meow

Posted by Mabel > 2021-09-16 21:20 | Report Abuse

#DickyMe 30 sen coming soon!
16/09/2021 8:36 PM

Haha DickyYou....

Where were you when Mabel's FGV rocket to RM 1.55..

Looks like your 30 sen kambing will be proven wrong again...

Meow

Posted by krish52 > 2021-09-16 21:24 | Report Abuse

i am so confused to read and digest all the comments here. i do not know what to do holding 23500 shares at 87.25 sen as average cost. it looks like it's a write off. if only those concern be honest in their dealings and management, people like me wouldn't have suffered.

Posted by InterFund > 2021-09-16 21:28 | Report Abuse

hodl......................

Posted by CUTLOST > 2021-09-16 21:29 | Report Abuse

Hope will flyback above 40cts soon

Posted by tradersampah > 2021-09-16 21:35 | Report Abuse

HODL, REPORT ALMOST COMPLETED

Posted by Mabel > 2021-09-16 21:37 | Report Abuse

#pearlwhite .
Rm3.5 billion.....
16/09/2021 8:51 PM

Potential rewards to all Serba Dinamik Loyal Investors..

Life is so beautiful...

Meow Meow Meow

Posted by DickyMe > 2021-09-16 21:39 |

Post removed.Why?

Posted by Mabel > 2021-09-16 21:51 | Report Abuse

#DickyMe Posted by Mabel > Sep 16, 2021 9:20 PM | Report Abuse

#DickyMe 30 sen coming soon!
16/09/2021 8:36 PM

Haha DickyYou....

Where were you when Mabel's FGV rocket to RM 1.55..

Looks like your 30 sen kambing will be proven wrong again...

Meow
==========================================

It does not matter to me because I am not invested in "SAMPAH" stocks!

Most of your "TOP UP" stocks crash landed incredibly low.

I know you are pretending to hide your frustration.
16/09/2021 9:39 PM

FGV could have been better without Felda intervention, absolutely...

Anyway, Mabel did enjoyed a nice BBQ Roasted Lamb recently...

Looking forward for another one here soon...

Meow Meow Meow

Posted by InterFund > 2021-09-16 21:57 | Report Abuse

Adding more shares tomorrow.............

Posted by Nikmon > 2021-09-16 22:01 | Report Abuse

Maybe it is related, KPMG may not expect gov sue them after good relationship in few decade, so the take different approach after 1MDB case, be more cautious will dealing with GLC.

Huatexpert The problem is for 1MDB cases, KPMG didnt spot the problem of 1MDB and actual case was 1MDB got problem. For Serba case is KPMG spotted there is problem with Serba Acc, Unless EY proof that there is no finding on the SIR then Serba got chance on KPMG case. SIR is major factor to determine Serba future direction. No SIR and delay SIR are bad for Serba share price at this moment. Funds wont buy any single share without clarification on the SIR outcome due to internal restriction, avoid this share due to uncertainty and waiting for SIR report... Who is major player in the Serba market now, Retail investors or speculators...

Posted by wongchin > 2021-09-16 22:08 | Report Abuse

Pearl always give insider news. Or js another unclear lim or not so steady. Lets see tomorrow hw the market. Bt i personally still think raider lurker n leno more accurate opinion. As for mabekkkk go fly kite la.

Posted by NLM889 > 2021-09-16 22:14 | Report Abuse

At current situation, if no big issues, insider already start queing

Posted by PSAi3alert > 2021-09-16 22:15 | Report Abuse

The 1MDB settlement is the Malaysian government was of hustling some money using DPA (Deferred Prosecution Agreement).

SD will not be paid.

I have already posted that KPMG will apply for striking out of the suit.

KPMG has applied to strike out the suit.




Jul 31, 2021 5:32 PM Posting

"Ex turpi causa non oritur actio" and the need for locus standi in filing an action.

Some thoughts below:

I believe that the suit will not proceed to trial. KPMG's lawyer, Lee H, ought to have applied to strike the suit. The suit is fundamentally flawed because the company cannot not be the plaintiff in filing the suit. Serba is asking for losses in the market capitalization, but gains or losses in market capitalization are by the shareholders, not the company.

The shareholders and creditors may have a cause of action if KPMG has negligently failed to detect financial irregularities and the company has subsequently gone bust. Under this scenario, the plaintiff will be shareholders and/or liquidator; and the defendants will be the directors, KPMG and the company (under a derivative action).

Even if the case were to go to trial, the odds are against Serba because:

- Lack of 'Clean Hands' - "Fraus omnia corrumpit"
Till date, KPMG has done and said absolutely nothing that can possibly impact changes in Serba's share price. It was Serba's actions, press statements, press conferences and defamatory remarks that have caused the drop in the market capitalization

- Failed to mitigate losses
The onus is on the client to provide evidence to the auditor for the accounts to be signed off. If the client is unhappy that the auditor is not willing to sign off the accounts, the client can change the auditor but certainly not compel the auditor to change their opinions. (Can an alcoholic slanted-eye person sue his doctor for not issuing a health certificate that is required to fly a commercial airplane?)

- Contradictory statements
Alleging KPMG has impacted business and saying Business-As-Usual is blowing hot and cold

- Will not be able to gather witnesses
Based on the reasons stated by the INEDs for their resignations coupled with unequivocal statements by SC and Bursa, Serba will not be able to gather any credible witness for their case.


pearlwhite .

SD will be paid next.

KPMG to pay RM333mil to M’sian govt as 1MDB settlement, says Finance Ministry

https://www.thestar.com.my/business/business-news/2021/09/16/kpmg-to-p...
16/09/2021 8:50 PM

Posted by NLM889 > 2021-09-16 22:16 | Report Abuse

At current situation, if no big issues, insider already start queing

Posted by NLM889 > 2021-09-16 22:18 | Report Abuse

At current situation, if no big issues, insider already start queing

Posted by Mabel > 2021-09-16 22:18 | Report Abuse

#wongchin Pearl always give insider news. Or js another unclear lim or not so steady. Lets see tomorrow hw the market. Bt i personally still think raider lurker n leno more accurate opinion. As for mabekkkk go fly kite la.
16/09/2021 10:08 PM

Haha 500+ posts majority in SD...

Try lah short tomorrow....

Let see how far you can go...

Serba is profitable company with 17 consecutive quarters profits. The only issue they have is Governance...

KPGG will GG soon...

Meow

Posted by solomolo > 2021-09-16 22:42 | Report Abuse

https://www.msn.com/en-my/news/national/auditor-kpmg-to-pay-rm333-million-in-1mdb-settlement/ar-AAOvw1v?ocid=msedgdhp&pc=U531

before sleep....last call....hehe

Auditor KPMG to pay RM333 million in 1MDB settlement

Posted by InterFund > 2021-09-16 22:51 | Report Abuse

How much settlement SERBADK will get.............? Enough to pay sukuk and dividends.................

Posted by solomolo > 2021-09-16 22:56 | Report Abuse

enough to make kpmg going to bankcrap...i think...hehe

Posted by Username > 2021-09-16 22:59 | Report Abuse

Serbadk : My turn

Posted by James > 2021-09-16 23:11 | Report Abuse

Kpm6 seems already experienced from satuMDB.. so I will wait how Serba pay for their debt…

Posted by Depeche > 2021-09-16 23:11 | Report Abuse

KPMG will settle with SD next?

Posted by Gordon Weng M.T > 2021-09-16 23:19 | Report Abuse

Wahh, long time no come back here. just realised that price went down to 0.34.

Posted by InterFund > 2021-09-16 23:26 | Report Abuse

RM3.5 billion is a big number........ KMPG intern that caused all this disaster must be depressed right now............

Posted by wongchin > 2021-09-16 23:35 | Report Abuse

Kpm? nt doing sufficient audit gt sue different story la. Waloa working hard also gt sue how la. Can win case??

Posted by Surebet > 2021-09-16 23:57 | Report Abuse

Hold SD is Gamestop KPMG audit is blackmail for Malaysia as a whole and KPMG lost
SD 3.00

Posted by VenFx > 2021-09-17 00:32 | Report Abuse

PSAi3alert

KPMG surely will seek striking out the suit filed by SB.
What if SD able proof Neglect conduct by Kpmg ?

Posted by dp_pupi > 2021-09-17 01:26 | Report Abuse

LU 0.3 cents????

Posted by yemes35202etoymail > 2021-09-17 01:53 | Report Abuse

nice trap, thats a fallacy

Posted by Depeche > 2021-09-17 06:26 | Report Abuse

Clocking in 18 hours "hardwork" and 9 hours of "smart work" could yield very different results... those who work OT every night could be just chit chatting and doing nothing to impress that their bosses that they are "workng very hard"....LOL

Posted by piranha88 > 2021-09-17 06:43 | Report Abuse

PSAi3alert, as always, you have given a good explanation. Agree with you

Posted by joyvest > 2021-09-17 07:11 | Report Abuse

rom legal perspectives,the shareholders who are the grievance parties and have suffered losses by placing reliance on the auditors reports could sue the auditors for negligence if proven successfully. The company is not a grievance party.

However,there is no sign of auditors' negligence so the suit against KPMG is untenable.

Posted by Sslee > 2021-09-17 07:23 | Report Abuse

Dear PSAi3alert,
Do I have a case against SC for non action?

I would like to bring the attention of SC to my long complaint case on Xingquan: [Case: SC2019-3819], [Case: SC2019-5725], [Case: SC2020-12313] (Bursa Ref: CC/43/19)
First and foremost, I would like to express my gratitude and thanks to Bursa for enforcement actions against XINGQUAN and its directors for various breaches of the Listing Requirements (LR) as set out in the media release dated 29 March 2019 and also delisted Xigquan from Bursa.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=2940952

Please pardon me to ask SC again
Question 1: In view of the seriousness of offends/frauds committed by the fraudsters and their total disregard/contempt shown against authorities of SC and BURSA with no respect for Malaysia Law. Has SC made an extradition request with the Chinese government to extradite CEO Dato’ Wu and his brother executive director Wu Lianfu to stand trial in Malaysia Court?

Question 2: Refer google search: https://www.google.com/search?client=firefox-b-d&q=gertop
Xingquan brand products (Gertop) are available for sale at many online shopping websites. This means Xingquan still has production lines and assets in China but the China owner and Management team just took us Malaysians as fools and showed utmost contempt to SC and BURSA authorities/Malaysia law.
Will SC now invoke CMSA 2007 section 358 (1) in the public interest, taking legal action against Xingquan to recover loss on behalf of victims who suffers loss or damage by reason of, or by relying on, the conduct of another person who has contravened any provision of Part VI or any regulations made under this Act, the amount of the loss or damage by instituting civil proceedings against the other person whether or not that other person has been charged with an offence in respect of the contravention or whether or not a contravention has been proved in a prosecution?

Question 3: Is SC investigating Xingquan External Auditor: SJ Grant Thornton, IPO: CIMB Investment Bank Berhad and PP & RI: RHB Investment Bank Berhad principal advisor, underwriter and placement agent for gross negligence and failure to perform their fiduciary duty?

SC response with some material information on above will be appreciated
Thank you

Posted by bullmarket1628 > 2021-09-17 07:43 |

Post removed.Why?

Posted by InterFund > 2021-09-17 07:53 | Report Abuse

tO tHe MooN...............................

Posted by LossAversion > 2021-09-17 08:29 | Report Abuse

https://www.thestar.com.my/business/business-news/2021/09/17/kpmg-to-pay-rm333mil-to-govt-as-1mdb-settlement