Posted by InterFund® > Oct 23, 2021 8:50 AM | Report Abuse
Where is the news that the SIR was ready last 30th September..........................? BURSA said that 3 out of 4 Ind Directors were informed by EY on the 30th September 2021. Look at Bursa suspension notice
Of course need to cash out warrant............... Fraud accounting saman RM200k................ insider trading RM300k............ RM350k buy 1 million share before suspension............... The rest of money use to start new company Serba Boleh L.L.C.................
obviously like kpower and scib, someone knows the mother share will not up, therefore selling warrants like nobody else. if confident, who will sell? only retailer keep buying with confident. i made the same mistake too. but luckily sold with profit in overall, losing back a lot in warrants due to top up. Else i would have made a lot, become 50% only. pissed off and sold off after seeing karim keep selling.
delist is expected if incident is real but how about those people behind the scene? they manipulate and causing retailers losing money, just end like that?
Karim have 700 million share in serba about 21%...do u think karim will leave just like that?..or just be delisted just like that..so funny lah u all....haha
What is to come will come. The chance of EY presented a different outcome is remote and it seems that the finding by EY has been presented to the 3 independent directors at the end of September. The suspension is to force the BOD to announce the finding by EY. I take interest in Serbadk, because of the dispute between the KPMG and the BOD of the company. I am worry for you all.
Itu org manyak jelous @ solomolo nanti u manyak lui mari hi..hi...Itu geng Fintec punya company manyak terok pun tidak P17/delisted. Apa macam mau delisted SD, bagus punya company..hi..hi..in the naysers dream.
Last night watch a movie called 'MARGIN CALL'. Amazing betul tengok all the jerung, all nicely clothes with necktie and all, flew in by helicopter, to have a meeting with other jerung at 3am in the morning.......all the jerung dont give shit about what happens to ikan bilis...
Findings on SIR were given to 3 of the INEDS on 21.10.2021. As of 22.10.2021 2.30pm, still no announcement by SD causing Bursa to suspend the countrr and SD has till 26.10.2021 to inform the public. Q: Does SD have to wait till the last minute bef announcing the findings? Q: Can it announce today? Q: Is it because the findings are adverse that it has not been announced? What's happening? No one knows except those who are in control
We can stand on our own views by holding serba shares, but when we talk, it must be supported by evidences and know the impact. Don't brain wash yourself, nobody can see big things that way and it will affect others. I'm holding serba share, and can suffer losses if it gone to 0.05cent, thats all. This is a platform to let us learn things and think logically. You can share your analysis but not "Insiders news", that will confused us.
if the company revenue and profit every year still increase, I don't think the company will be delisted or PN17. Company still giving dividend every year.
This is either a result of incompetence or ignorance
1) There is due process for INED to have meeting on this, deliberate and issue actions if any,
2) There is possibility to re-adjust prior year financials or Annual reports if SIR was negative for SD, if any
3) Bursa would have to consider 1 and 2 above and give SD ample time to act and remedy, if any
So, your timings are all wrong and will cause to commit unfair treatment to SD to remedy and directly cause SD to fail in its undertakings.
piranha88 Findings on SIR were given to 3 of the INEDS on 21.10.2021. As of 22.10.2021 2.30pm, still no announcement by SD causing Bursa to suspend the countrr and SD has till 26.10.2021 to inform the public. Q: Does SD have to wait till the last minute bef announcing the findings? Q: Can it announce today? Q: Is it because the findings are adverse that it has not been announced? What's happening? No one knows except those who are in control 23/10/2021 9:45 AM
Lets be clear, if you trade in your shares or warrants while in possession of information that has yet to be released to the public you are insider trading.
In this case selling all your warrants while in possession of inside information is a crime, buying the mother shares while possession of inside information is another crime.
By selling all your warrants then announcing that fact (again without revealing the inside information) your actions caused the mother share to drop. You then take advantage of the drop to buy the mother shares at a steep discount. That's clear market manipulation of your shares also a crime.
If you bought the warrants or sold the mother shares in this hiatus you need to consult your lawyers because you were screwed.
Folks if you see what is obviously a dead rat don't go play play with it.
Pearlwhite, I was just asking some questions. The report is as of 30th September. Means findings are up to 30th September. What I wrote cannot brainwash anybody as the counter is already suspended. And I have no reason to brainwash all the experts here. Each have their own reasons for buying / selling / watching on the sidelines. To each his own
Bursa is the one who decides to approve the SIR and when SD can announce it.
But if Bursa wants to delay despite SD asking for it since 14th October, and no action from Bursa, then CEO Karim will have no choice but to get things moving.
By selling WA and saying that proceeds will be used for mother shares, immediately led to Bursa issuing the directive.
Read the focusmalaysia article.
The words "business decision" and "necessity" really jolted Bursa into action.
gemfinder If sir oredi out but no anouncement n worse stil selling warant first means bad news loh
. You ask questions when it is apparent that you didnt research and take the time to review the choronology of events.
That is the impression you are giving.
piranha88 Pearlwhite, I was just asking some questions. The report is as of 30th September. Means findings are up to 30th September. What I wrote cannot brainwash anybody as the counter is already suspended. And I have no reason to brainwash all the experts here. Each have their own reasons for buying / selling / watching on the sidelines. To each his own 23/10/2021 10:01 AM
Pearlwhite, I forgot to add, you are basing on your opinions on Emperorfund's insidsr news but it that the truth? Any evidence? If not, it's hearsay only
Kindly be advised that Bursa Securities had today issued a directive to SERBADK to:
(a) make an announcement on the findings from the Factual Findings Update on the Special Independent Review by 26 October 2021;
(b) announce Bursa Securities’ directive immediately; and
(c) impose a suspension of trading on SERABDK’s securities on the next market day after the directive deadline, in the event of non–compliance to the directive.
Kurang kurang cakaplah akan umum hari isnin atau hari selasa. Kenapa masih diam seribu bahasa. saham dah digantung oleh bursa nak jual tak dapat, yang terbeli gelisah.
Whether factual Findings is siding SerB or Not, on 21Oct @10am Karim should stop Trading and make a announcement...instead he went to Sell all his warrant.....so arrogant, total disregard Bursa Standing Orders.......what a CEO
The suspension will remain until Serba Dinamik makes an announcement in compliance with the directive by Bursa. Who would know better than Datuk Awang Daud? The last time he acquired additional shares was on 23/4/2020 with total holding of 294,635,020 shares (9.61%). Since then, he has been disposing. Based on the last disposal on 11/10, his share holding stands at 9.904,000 shares (0.27%).
Really amazed with fanboys, their logic is top class.
U need a very big luck come monday.
I suspect the SIR is a mixed bag. This means kpmg is half right or half wrong. Imagine the shoplot auditor is half right? That alone is bad news. That is why SIR is to be announced like siput, but fanboys back up as usual.
Whichever it is, SD is screwed, even positive SIR is not good enuff for debts to be paid... i dont care anymore whether kpmg is totally wrong, or half right.
I wont touch SD, but to holders, goooood luck!
I have no need for cheap ticket here, but forum is free platform, no need to say only holders can comment, do not be noob.
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Posted by nuilam hali > 2021-10-23 08:50 | Report Abuse
Yes end game.if good news the share price won't fall to 35