Posted by FSX123 > 2021-10-21 14:52 | Report Abuse

You all do realise ada group telegram khas untuk pump and dump? It cost around Rm5k-Rm10k to join.

Posted by InterFund® > 2021-10-21 14:54 |

Post removed.Why?

Posted by OpporturnityHunter > 2021-10-21 14:56 | Report Abuse

aiyoyo, what happens here leh, gang fighting keh ?? Encik Karem, biar mereka bergaduh, I just want to tell you the below :


https://www.youtube.com/watch?v=3JWTaaS7LdU

Posted by Hai Hai > 2021-10-21 14:57 | Report Abuse

Tak ada pump and dump..saham tak naik le..mahu naik saham pump and dump..ahyai

Posted by solomolo > 2021-10-21 14:58 | Report Abuse

itulah itu hari suruh beli harga bawah 0.350 tak nak beli...sekarang meroyan nak harga 0.310...pergi tidur nanti dalam mimpi boleh beli itu harga...haha

Posted by Hai Hai > 2021-10-21 15:01 | Report Abuse

Ya betul solomo..dulu sudah angkat tapi sudah lari may be..lepas itu mahu angkat balik 31 sen..suruh pelabur cut loss..cerita yang bukan2..

Posted by solomolo > 2021-10-21 15:02 | Report Abuse

nak cepat kaya lah tu....hahaha

Posted by Hai Hai > 2021-10-21 15:04 | Report Abuse

Promosi pulak suruh masuk kelas pump and dump..mahu untung saja..yuran beribu2

Posted by solomolo > 2021-10-21 15:05 | Report Abuse

bayar yuran untuk syndicate tu....hahahaha

Posted by InterFund® > 2021-10-21 15:06 |

Post removed.Why?

Posted by solomolo > 2021-10-21 15:06 | Report Abuse

hahahaha

Posted by muhfiq > 2021-10-21 15:07 | Report Abuse

Must act now
Maybe this is the time

Posted by OpporturnityHunter > 2021-10-21 15:08 | Report Abuse

aiyoyo , who know happen that yesterday once more leh , hehehehehe

https://www.youtube.com/watch?v=yf2hDEpXZuo

Posted by OpporturnityHunter > 2021-10-21 15:08 | Report Abuse

lah lah lah lah lah lah a

Posted by tradersampah > 2021-10-21 15:12 | Report Abuse

hrga masih cun, lai lai sblmjd bluechip

Posted by FSX123 > 2021-10-21 15:17 | Report Abuse

Why Serba will not recover

1. SIR/Court case

- KPMG is a big 4 company. They deal with hundreds of huge company. Serba is just one of their hundreds of big money clients. There is literally no reason for them to make a false call on their valuable clients. The only factor which might make them do so is because the problem in question is just downright/obviously wrong. Obviously they weighted the pro and cons of calling it out vs not calling it out. Therefore they decide to call it out and risk lawsuit. This is not a matter satu orang je decide. They already bincang kaw2 dalam mesyuarat...

2. Tiada kemasukan besar institutional buyers. Malah public bank jual besar-besaran/cut loss besar-besaran.

- Bukan saja tiada institutional buyer baru, malah institutional buyer sedia ada cabut lari.

3. Agent2 pump and dump mula beroperasi di forum.

- Kenapa baru sekarang nak sembang beli? Kenapa bulan lepas masa harga 0.31-0.35 tidak aktif suruh orang beli??

- Dibandingkan dengan Airasia, forumers memang sentiasa mengalakkan beli walaupun harga jatuh teruk.

- Serba tidak, hanya suruh beli bila harga naik meroket tanpa sebab.

4. Black list institutional buyers

- Lets face it, kaunter ni telah menyebabkan kerugian besar pada institutional buyers. You think mereka ni rugi kemudian tak pandai insaf2. They have strict SOP in place. Fund manager untuk EPF saja sudah lebih 30+ orang. Tiada orang akan risiko kan pekerjaan sendiri untuk buat recommendation untuk fund mereka beli Serba

5. Cannot get future contract/Recover order book

- Nowadays its standard operating procedure to prioritize companies with good governance. Serba have proven it self to have very bad governance. This is known throughout the corporate world. If you are in mid tier management of any decent company, you would know this.

Posted by FSX123 > 2021-10-21 15:19 | Report Abuse

Kpmg has resigned as auditors of SD.

This is not because they are scared or they admit they are guilty.(Pls dont misunderstand).

Auditors are generally required to be independent and objective during an audit, because they are responsible to issue an opinion on the truth and fairness of a company's financial statements(f/s).

They cannot be seen to be siding the directors due to fear or favour. Instead, they should be protecting shareholder's interests.

Board of directors are responsible over the preparation of f/s, and the f/s are then audited by the external auditors. The auditors will then issue their opinion to shareholders.

Notice there is a 3 party relationship here.

1)The auditors who audit the f/s, and

2)Directors who are responsible over the preparation of f/s and

3) The shareholders, who are the recipient of the f/s and the auditor's opinion.

Auditors work for the shareholders and not the board.

The board cannot exert their power or influence on the auditors. The legal case initiated by the board, however, shows otherwise.

So,

KPMG has no choice but to resign because they will no longer be able to audit the f/s objectively, there is now a perception that kpmg may compromise in the audit due to the fear over the outcome of the legal case.

(So, the safest thing to do, is resign, and this is the message to shareholders. Resignation is also strongly recommended by auditor's code of ethics)

The board's decision to take a legal action on KPMG represents an intimidation threat, where the board can be perceived as saying, you either accept what we say or face the consequences of the legal prosecution. (Although their true intention maybe something else)

The question now is:

Was there a need to take legal action on the auditor while the audit is not complete and call for a press conference to condemn the auditor, instead of explaining and solving the issues in hand?

Didnt the audit committee give a warning to the board about how a legal case will affect auditor's independence?

A legal case is a serious issue. Wasn't this discussed with all major shareholders? Did they call for an egm to discuss with shareholders, especially the majority or institutional shareholders, before proceeding?

To get more clarity,

We need to know who are the top 3 major shareholders of Serba Dinamik and whether they were consulted before the legal action was taken.

At the end of the day, KPMG will still need to face the legal case and protect their own reputation, and in the process, have to let the shareholders and authorities know their side of the story, with proper evidence.

This is not only about audit and accounting, its moving towards wider governance issues..

Lets see what happens next.

Posted by OpporturnityHunter > 2021-10-21 15:47 | Report Abuse

cry cry , merah kemerahan, cry cry

Posted by Anwarcool > 2021-10-21 15:54 | Report Abuse

Dato karim has build serba dinamik more than 20 years, its legit company bro. Making money from the street and now he one of malaysia billionaire.

KPMG IS HUMAN NOT FOOKING ROBOT THEY MAKE MISTAKES MANY TIMES. I have been working with audit firm i now how they do shit dealing

Posted by solomolo > 2021-10-21 16:01 | Report Abuse

jangan layan..dia dari group syndicate..kalau harga tak jatuh hari ni..confirm kena marah dengan boss...kita tunggu Karim bagi green light untuk naik kan harga

Posted by muhfiq > 2021-10-21 16:07 | Report Abuse

Got news?
When will become higher price?

Posted by muhfiq > 2021-10-21 16:07 | Report Abuse

Exciting times ahead
Must do better
Highe rate

Posted by muhfiq > 2021-10-21 16:10 | Report Abuse

Lets see the ending
The market is favourable
Must close a better deal

Posted by muhfiq > 2021-10-21 16:13 | Report Abuse

How will they close today?
Higher price?

Posted by Hai Hai > 2021-10-21 16:13 | Report Abuse

Kpower ..scib sudah green..tak lama lagi sd..hahaha

Posted by ǷearlꙌhite > 2021-10-21 16:19 | Report Abuse

.
One sentence counter response.

Why was KPMG offering SD for settlement last week?


FSX123 Kpmg has resigned as auditors of SD.

This is not because they are scared or they admit they are guilty.(Pls dont misunderstand).

Auditors are generally required to be independent and objective during an audit, because they are responsible to issue an opinion on the truth and fairness of a company's financial statements(f/s).

They cannot be seen to be siding the directors due to fear or favour. Instead, they should be protecting shareholder's interests.

Board of directors are responsible over the preparation of f/s, and the f/s are then audited by the external auditors. The auditors will then issue their opinion to shareholders.

Notice there is a 3 party relationship here.

1)The auditors who audit the f/s, and

2)Directors who are responsible over the preparation of f/s and

3) The shareholders, who are the recipient of the f/s and the auditor's opinion.

Auditors work for the shareholders and not the board.

The board cannot exert their power or influence on the auditors. The legal case initiated by the board, however, shows otherwise.

So,

KPMG has no choice but to resign because they will no longer be able to audit the f/s objectively, there is now a perception that kpmg may compromise in the audit due to the fear over the outcome of the legal case.

(So, the safest thing to do, is resign, and this is the message to shareholders. Resignation is also strongly recommended by auditor's code of ethics)

The board's decision to take a legal action on KPMG represents an intimidation threat, where the board can be perceived as saying, you either accept what we say or face the consequences of the legal prosecution. (Although their true intention maybe something else)

The question now is:

Was there a need to take legal action on the auditor while the audit is not complete and call for a press conference to condemn the auditor, instead of explaining and solving the issues in hand?

Didnt the audit committee give a warning to the board about how a legal case will affect auditor's independence?

A legal case is a serious issue. Wasn't this discussed with all major shareholders? Did they call for an egm to discuss with shareholders, especially the majority or institutional shareholders, before proceeding?

To get more clarity,

We need to know who are the top 3 major shareholders of Serba Dinamik and whether they were consulted before the legal action was taken.

At the end of the day, KPMG will still need to face the legal case and protect their own reputation, and in the process, have to let the shareholders and authorities know their side of the story, with proper evidence.

This is not only about audit and accounting, its moving towards wider governance issues..

Lets see what happens next.

Posted by gloveisgreat > 2021-10-21 16:20 | Report Abuse

FSX123 good try at here.. ur beloved counters continuously several days in red must be drive u crazy.

Posted by FSX123 > 2021-10-21 16:31 | Report Abuse

@pearlwhite, share link or it fake

Posted by FSX123 > 2021-10-21 16:32 | Report Abuse

Kpmg has resigned as auditors of SD.

This is not because they are scared or they admit they are guilty.(Pls dont misunderstand).

Auditors are generally required to be independent and objective during an audit, because they are responsible to issue an opinion on the truth and fairness of a company's financial statements(f/s).

They cannot be seen to be siding the directors due to fear or favour. Instead, they should be protecting shareholder's interests.

Board of directors are responsible over the preparation of f/s, and the f/s are then audited by the external auditors. The auditors will then issue their opinion to shareholders.

Notice there is a 3 party relationship here.

1)The auditors who audit the f/s, and

2)Directors who are responsible over the preparation of f/s and

3) The shareholders, who are the recipient of the f/s and the auditor's opinion.

Auditors work for the shareholders and not the board.

The board cannot exert their power or influence on the auditors. The legal case initiated by the board, however, shows otherwise.

So,

KPMG has no choice but to resign because they will no longer be able to audit the f/s objectively, there is now a perception that kpmg may compromise in the audit due to the fear over the outcome of the legal case.

(So, the safest thing to do, is resign, and this is the message to shareholders. Resignation is also strongly recommended by auditor's code of ethics)

The board's decision to take a legal action on KPMG represents an intimidation threat, where the board can be perceived as saying, you either accept what we say or face the consequences of the legal prosecution. (Although their true intention maybe something else)

The question now is:

Was there a need to take legal action on the auditor while the audit is not complete and call for a press conference to condemn the auditor, instead of explaining and solving the issues in hand?

Didnt the audit committee give a warning to the board about how a legal case will affect auditor's independence?

A legal case is a serious issue. Wasn't this discussed with all major shareholders? Did they call for an egm to discuss with shareholders, especially the majority or institutional shareholders, before proceeding?

To get more clarity,

We need to know who are the top 3 major shareholders of Serba Dinamik and whether they were consulted before the legal action was taken.

At the end of the day, KPMG will still need to face the legal case and protect their own reputation, and in the process, have to let the shareholders and authorities know their side of the story, with proper evidence.

This is not only about audit and accounting, its moving towards wider governance issues..

Lets see what happens next.

Posted by ǷearlꙌhite > 2021-10-21 16:40 | Report Abuse

.
So much for being a so-called operator.

How can you operate without good and credible contacts?

Go call Upstream and dig for information.

If you can't even do a google search for the mouthpiece for this information, you are not fit for the operator job.

And you do not decide management actions and decisions.
.

Posted by muhfiq > 2021-10-21 16:40 | Report Abuse

Wait for closing
Nervous
Will see the price

Posted by killshorties > 2021-10-21 16:43 | Report Abuse

IB's and Fund manager are short sell @0.375 and buy back @ 0.380.. some bilis scare sold @0.375.. they are playing with our heart.. just hold guys.. just few more days..

Posted by treatshijau > 2021-10-21 16:58 | Report Abuse

fighting for the last push
can see higher rate if possible

Posted by newtrader1989 > 2021-10-21 16:58 | Report Abuse

Nice red closing, positive signs that SIR will be good. Hahaha lolzz

Posted by OpporturnityHunter > 2021-10-21 16:58 | Report Abuse

no face to see, close at 0.370.

@Interfund, few days ago, you said, 0.365 run, still on or not leh ???

Posted by treatshijau > 2021-10-21 16:58 | Report Abuse

any thoughts for today?
got better performance than before?

Posted by treatshijau > 2021-10-21 17:00 | Report Abuse

would be great if can exceed 0.40 today
that would be a great achievement

Posted by treatshijau > 2021-10-21 17:01 | Report Abuse

got any huge news?
hoping if can exceed certain mark
better if the news is released fast

Posted by OpporturnityHunter > 2021-10-21 17:01 | Report Abuse

I am waiting for my teach Interfund to reply, ehehehehehe. He is the only person I trust here. the only

Posted by solomolo > 2021-10-21 17:02 | Report Abuse

just wait tomorrow show...syndicate already dump all their share i think..

Posted by HaroldHuong > 2021-10-21 17:03 | Report Abuse

Many run away 0.370
Big sold 9mil just now

Posted by OpporturnityHunter > 2021-10-21 17:03 | Report Abuse

@treatshijau, sabar yeah. tunggu jawapan dari para expert yeah, Aku ni newbiebie here

Posted by ǷearlꙌhite > 2021-10-21 17:05 | Report Abuse

.
You are another one. Go look Interfund/Pearlwhite comment history.

You run and sell, he buy from you. That is the meaning. Drop to 27 sen, he will still buy.

He buy until SIR out.

Faham ka?

OpporturnityHunter no face to see, close at 0.370.

@Interfund, few days ago, you said, 0.365 run, still on or not leh ???

Posted by OpporturnityHunter > 2021-10-21 17:07 | Report Abuse

@solomolo, you sure syndicate sold boh ?? Later Encik Karem yang sold, you baru tahu, cry cry cry

Posted by TryMakeGoodBuy > 2021-10-21 17:07 | Report Abuse

KPMG resignation is a foregone conclusion.
How can KPMG continue to be the external auditor when the BOD decided to sue KPMG.
I am sure KPMG will have done some soul searching before making such statement to SC. KPMG is fully aware of the implication of making such public statement.
EY and KPMG are both very established firms and will have quite similar SOP in their audit standard. Message from EY audit finding maybe the same but written in a watered down version. The main issue seems to be the authenticity of debtors. I think KPMG will have used their Middle East Office to check on this.
Anyway, I wish good luck to all existing shareholders and hope the SIR will turn out well.

Posted by OpporturnityHunter > 2021-10-21 17:10 | Report Abuse

aiyoyo, Pearlwhite, i oledi doubt few time, you and interfund sepasukan leh, kalau dia cakap, you akan muncul . kalau you cakap dia akan mumcul jua, cry cry cry. now, proven you dua sepasukan leh, hehehehehe. You boleh deny, but, you deny pun tak guna leh, you know, he know, i also know leh. too obvious leh, You wanna help him, can , but dont too obvious leh, cry cry

Posted by solomolo > 2021-10-21 17:11 | Report Abuse

Hunter yes i m sure syndicate from u n the gang...if karim sell tomorrow he wiil buy back loh..means tomorrow got show...

Posted by OpporturnityHunter > 2021-10-21 17:11 | Report Abuse

lah lah lah, you pergi tengok baik baik yeah, you punya soul mate cakap , run if price drop to 0.365 leh leh leh, aiyoyo, why you like that one leh. mesti jujur yeah, hehehehe

Posted by tradersampah > 2021-10-21 17:13 | Report Abuse

remember, HODL with heart. buy when ppl fear

Posted by OpporturnityHunter > 2021-10-21 17:13 | Report Abuse

hehehe, you dont know you do that too obvious, perpatah chinese kata, orang tepi boleh baca dengan sekelip mata, orang dalam selalu buta, hehehehehehe. aiyoyo, fahamkeh