hehehehe, that is why i said interfund and solomolo is one person, change name to solofund. when they are mengamuk, they will use fluent Bahasa Malaysia, hehehehe. some cara such as apek cina, orang cina , hehehehe -----------------------------------------------------------------------------------------------------------------
. Do you know what in-conclusive means? Its actually good news / positive news for SD.
So I will give 2 simple examples what in-conclusive means.
1) Trade debtors/Trade Creditors (work done) The amounts owing by debtors or amounts owing to creditors are questionable because the customer/vendor didn't respond to confirmation of balances nor offices cannot be found. Work performed cannot be verified.
Evidence for EY. They did manage to get confirmation and able to visit the office. They also managed to see payments to and from SD to these customers and vendors respectively for work done. All paperwork check out.
The work done is a little hard to be verified (this will also go into example 2), either what you see is the finish product or WIP. The materials and labour may have been used in the process of construction, hence cannot see the stock. The counter check for this is to review the weekly project reports and all the other inventory and work records, delivery and receipt documents to confirm. It is a monumental task. Sample test on material items is the way, but as always not all can be traced.
2) Assets/Stock The assets type, location cannot be verified.
Evidence for EY. The assets/stock may have been part of the construction. Visible items like gensets, topside equipment can be tracked easily. However, some items like piping cannot be traced accurately as they have used in the construction and not so visible. In addition, machinery can be in different locations then and now.
What is of concern is, are the assets being sighted now (wherever possible) the same ones highlighted by KPMG? Of course, documentation verification, review delivery/receipt logs etc for material items can be done, but there are some that cannot be traced since it is not visible now, either lost or junked.
Based on this 2 example, there is a reasonable assumption that it confirms that there are no issues. However, the small % (immaterial) cannot be verified simply because it has been consumed or lost in the process of execution the work.
Hence, prudently, the conclusion is in-conclusive because
1) Only material items (in terms of value and size) can be verified.
2) The timing difference (between May and October) means that are these the same items highlighted by KPMG one might ask.
Some traders thought buying fraud counters at 35 sen is okay. If it drop to 30 sen, they just cut loss.
They fail to consider about getting suspended forever. Meaning u put in RM 5 k ... RM 5 k gone. U put in RM 50 k ... RM 50 k POOF ! GONE as well.
At the end, Playing with fraud counter is like playing with someone else Taik using your hands. Even after u wash your hands, u will never ever trust your hand anymore.
So, by now, everyone here and not here, already know Sebak is a FRAUD counter.
Just a bit of summary and some enlightenment to some:
1. sebak is doing FRAUD accounting to steal money mainly from bank, bond issuing, private placement and money laundering.
2. there are 2 more closely related fraud associates companies, but their shares have already plunged, and currently living their last breath on some PP money they manage to get last month. It won't last long.
Back to sebak. Sebak business is dead. Going to closed shop within 29 days. Behind the scene, Banks, creditor, bond holders, suppliers are scrambling to get back whatever money they got cheated by sebak. Staffs will be in for a very big shock by next week.
Meanwhile, here in the market, sebak is calm as ever, suspended forever.
For those who still holding the shares of 2 associates fraud counters, u all better watch out.
Sebak is suspended. The shares has no value to bank anymore. Meaning whatever Karam al karem share pledge is useless to the bank. The bank cannot force sell a suspended counter to get back their money.
But there are 2 more associates own by karam al karem meaning bank will FORCE SELL these 2 counters starting from Today.
BOH CHOWWWWWWWWW CCCCCCCCCCCC AAAAAAAAAAAAAAAAAAA !!
Some s*it u sugarcoated it may not be that smelly. But this is is some strong s*it. No amount of sugar coating, cosmetics, taichis is enuff. But promoters of course as usual....BAU because it is S*IT. confirm BAU ekeke....
Below is a normal quote from "other" company annual report with no audit issue
AUDITORS Details of auditors’ remuneration are set out in Note 35 to the financial statements. There was no indemnity given to or insurance effected for the auditors of the Company, Grant Thornton Malaysia PLT. Grant Thornton Malaysia PLT has expressed their willingness to continue in office. Signed on behalf of the Board in accordance with a resolution of the Board of Directors dated 25 September 2020.
And below is from KonPower Annual report
AUDITORS' INDEMNITY
To the extent permitted by law, the Company has agreed to indemnity its auditors, Al Jafree Salihin Kuzaimi PLT, as part of the terms of its audit engagement against claims by third parties arising from the audit (for an unspecified amount).
You still forgotten the big scamer fake millions shark bilis unclear soichai lim promoter to be added in, which was promoted Sapnry buy called from 1.00 to below 0.10 and many others counters in the past.
FSX123 List of SD PROMOTERS who keep shouting "BUY!" Yet they themselves will never buy any of it.
hehehehehe, you are right , lah lah lah lah lah lah -------------------------------------------------------- Huangbk72 OpporturnityHunter they didnt realize that when one angry, easy to show ppl their rips, hehehehe 27/10/2021 8:40 AM
This is true and agree wholeheartedly
People writing pattern hard to change, once they get rattled, all nuts drop out.. hahaha 27/10/2021 9:05 AM
In case you guys forgot, let us witness this epic post from a self-claimed "fund manager" who loves calling other people as having "retailer mindset" while he himself was caught in the open for not having a single clue on how to use the smartmoney mcdx indicator correctly.
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hijau belalang
774 posts
Posted by hijau belalang > 2021-10-27 08:26 | Report Abuse
morning
any update so far?