Posted by InvestorKING > 2021-11-12 09:03 | Report Abuse

Wayang name: SD storm

Pelakon Utama: SD
Pelakon 2: Kpmgggg
Pelakon 3: Busarrrr
Pelakon 4: EY

Cameo 1: epfffff
Innocent Cameo 2: KLscreenerrr

Now the situation is getting crystal clear, Busarr lawyer said Bursa never directed SD to engage EY as auditor, but claiming it's SD itself who opted EY for SIR, so cannot blame Busarr. EY said it was appointed by the BOD of SD under the directive of Busarr, it just did it's obligation only.

It's very obviously, many fake negative news kept spreading and spreading,then can let *someone* to accumulate/absorb/collect the historical CHEAP tickets From both ignorant shorties and weak/panic holders.

Posted by Mabel > 2021-11-12 09:05 | Report Abuse

#lavenderong Appreciate Mabel for some disclosures on SD and the list of stocks. For sharing purposes, could you give your average purchase prices for the your stocks. I share some of your portfolios. Want to do a reshuffle if necessary.

1 SERBADK 1000
2 DNEX 674
3 TOPGLOV 468
4 REVENUE 395
5 GENTING 315
6 HIBISCS 307
7 SUPERMX 305
8 TENAGA 268
9 MAYBANK 257
10 GENM 247
12/11/2021 8:58 AM

My pleasure Lavender,

Mabel has shared few times earlier for Serba based on Pom Pom Boys requests. It's in this Forum. Please scroll up. Mabel does not delete any of my comments.

To Our Success !

Meow

Posted by ǷearlꙌhite > 2021-11-12 09:06 | Report Abuse

.
SC breaks it silence (and that is according to TheEdge). Bursa's mouthpiece MSWG is quiet this time around?

Any of you been to SC's surveillance unit? You seen the screen? Its huge and contains lots of information.

Anyway, about time. SC ought put its foot down to stop all these clowning for one and get to work for once.

Remember, truth works both ways. Transgressions works both ways.
.

Posted by Hotstuff > 2021-11-12 09:08 | Report Abuse

send karim to jail

Posted by ǷearlꙌhite > 2021-11-12 09:08 | Report Abuse

.
A Statement of Action from the Supporters of CEO Karim and Serba Dinamik Berhad.

We have been aware and would officially state that we will deny and prevent the hostile takeover of Serba Dinamik Berhad through guerilla tactics.

We the mutual and institutional funds and retail investors in support of CEO Karim and Serba Dinamik Berhad would ensure that the current Board and Management and great team at Serba Dinamik Berhad would continue in the foreseeable future.

We will maintain more than 2/3 of overall share support for CEO Karim and Serba Dinamik Berhad.

Thank you.

PS : Using the regulatory bodies to force Serba Dinamik Berhad into a checkmate position for takeover will also be denied by us.

Posted by Mabel > 2021-11-12 09:11 | Report Abuse

Cheers Snow White !

You are as Sharp as a Needle..

So Happy to have you on Board this IR 4.0 Spaceship...

Meow

Posted by Sslee > 2021-11-12 09:18 | Report Abuse

Will SD now also sue SC?

In the course of its investigation, the SC said it received and granted a request from EY to have access to documents and evidence seized by the SC during the raid as EY was having difficulties obtaining complete documentation from Serba Dinamik on several aspects of its review.

Subsequently, the SC issued a Section 152 CMSA notice to require EY to disclose its SIR findings for the SC’s review, according to the email reply.

Posted by InvestorKING > 2021-11-12 09:18 | Report Abuse

EY noted that it was appointed by Serba Dinamik’s board of directors, under the directive of Bursa. “We disagree with the position taken by Serba Dinamik. We undertook our duties professionally and stand by all our actions to date,” EY said in the statement.

Posted by newbie8080 > 2021-11-12 09:19 | Report Abuse

Likely SD will sue SC as well in view that their decision seems not in favour of SD in reference to the SIR release.

Posted by Mabel > 2021-11-12 09:19 | Report Abuse

#InvestorKING Wayang name: SD storm

Pelakon Utama: SD
Pelakon 2: Kpmgggg
Pelakon 3: Busarrrr
Pelakon 4: EY

Cameo 1: epfffff
Innocent Cameo 2: KLscreenerrr

Now the situation is getting crystal clear, Busarr lawyer said Bursa never directed SD to engage EY as auditor, but claiming it's SD itself who opted EY for SIR, so cannot blame Busarr. EY said it was appointed by the BOD of SD under the directive of Busarr, it just did it's obligation only.

It's very obviously, many fake negative news kept spreading and spreading,then can let *someone* to accumulate/absorb/collect the historical CHEAP tickets From both ignorant shorties and weak/panic holders.
12/11/2021 9:03 AM

Spot On InvestorKing!

He speaks from his experience.

He secured a Home Run in our previous engagement in Armada Tsunami. In that Tsunami Mickey Mouse and his 3 Stooges were swept Naked into the Indian Ocean..

To Our Success !

Meow

Posted by getingreal > 2021-11-12 09:21 | Report Abuse

SC says Serba Dinamik probe ongoing, The Edge Markets.
Seems SC have been investigating since May which is now 6 month ago. I wonder who in SC has been dragging their feet, and why. Don't you hate the stink of corruption in the morning.

Posted by superrr > 2021-11-12 09:21 | Report Abuse

Kpower lying , Scib suspended, This has shown the final appearance of sb...advertising hard to no avail..

Posted by ǷearlꙌhite > 2021-11-12 09:22 | Report Abuse

.
That's normal.

Do you know what they seized? You know why it cannot be obtain from SD (as claimed by TheEdge with difficulty)?

Share your experience.
.

Posted by superrr > 2021-11-12 09:22 | Report Abuse

Cheers for those promoters ?? haha

Posted by superrr > 2021-11-12 09:25 | Report Abuse

Sb take a spaceship to mars....never look back..

Posted by superrr > 2021-11-12 09:26 | Report Abuse

Sue the mars.

Posted by MeMeMe > 2021-11-12 09:29 | Report Abuse

sue the high court, sue till win

Posted by ǷearlꙌhite > 2021-11-12 09:29 | Report Abuse

.
Correct. True. Fact. Cannot be challenged. My question is

Why did EY let SC/Bursa dispute EY's conclusions and thereafter change it? To such an extent that there is a disclaimer of responsibility from EY?


InvestorKING EY noted that it was appointed by Serba Dinamik’s board of directors, under the directive of Bursa. “We disagree with the position taken by Serba Dinamik. We undertook our duties professionally and stand by all our actions to date,” EY said in the statement.
12/11/2021 9:18 AM
.

Posted by hijau belalang > 2021-11-12 09:29 | Report Abuse

many news are circulating
hope will settle soon
go fighting

Posted by Huangbk72 > 2021-11-12 09:34 | Report Abuse

Huh??

Alien language ??

SC/BURSA dispute EY findings and thereafter change it???

LOL. This is a new low

Posted by Stocksafeplayer > 2021-11-12 09:35 | Report Abuse

No one in this online forum is authorised to represent EPF ok?

This means NOBODY here will ever know the exact shareholdings of EPF in any counters , in any exchanges at any given point of time.

So, Don’t try to be smart cos information published are not current, get it?

Posted by getingreal > 2021-11-12 09:36 | Report Abuse

SC says Serba Dinamik probe ongoing, The Edge Markets.
Seems SC have been investigating since May which is now 6 month ago. I wonder who in SC has been dragging their feet, and why. Don't you hate the stink of corruption in the morning.

Posted by superrr > 2021-11-12 09:36 | Report Abuse

The false will eventually appear in reality, the dust will return to the dust, the soil will return to the soil, and all thing will return to the dust...The facts cannot be changed..

Posted by ǷearlꙌhite > 2021-11-12 09:36 | Report Abuse

.
Note : Status the same @1st November 2021. Key focus is to disclose items before 30th November 2021.

@8th November 2021
Details of Key Action Indicators. Lets run the show for the better of SD.

COMPLETED ACTIONS FROM DETAILS BELOW
- Restructure company to greater heights - more contracts/projects, focus on customer.
- Founder's legacy 1 - removed margin call risks till 10 sen and before completion of SIR.
- Manage cash flow and forecasts.
- New financing initiatives will not involve Private Placement. and Rights Issue.
- EY will provide finalised SIR to Bursa.
- Bursa to request SD to announce SIR findings.
- Complete 2020 audit and annual report as planned.
- Complete 30/9/2020 QR within time frame or earlier (1st draft out by 21/10/2021).
- Group meetings with asset / fund managers together with re-rating agencies. Initiate re-rating process..
- Meeting with current financiers. Initiate re-rating process.

=====================================================================
OUTSTANDING / ON-GOING

Shareholders' Mandate
- Founder's legacy 2 - restructure founder shareholdings to focus on future strategy, finance, legal - in progress

Business Development
- Re-engage lost and new customers and continue to win more contract/projects - in progress
- Provide more innovative and new products and services to customers world wide. - In progress

Operations / Project Management / Procurement
- Continue focus on delivering continue safety, operational efficiency and cost effectiveness - in progress
- Continue to delivery on projects within customers expectations and satisfaction on time.

Finance
- Manage collections and expenditures - In progress

Governance
- Issues highlighted in forum will be dealt by SC/Bursa directly with forummers. SD will have no part in time wasting activities. - In progress.
- To deliberate offer by KPMG to resolve legal issue. - In progress.
.

Posted by Mabel > 2021-11-12 09:37 | Report Abuse

#superrr Sue the mars.
12/11/2021 9:26 AM

Hahaha ...that's even better surpass i3 Target Price...

Love it!

Meow

Posted by superrr > 2021-11-12 09:39 | Report Abuse

塵歸塵, 土歸土, 一切萬物化為塵....曲終人散也--....何也？

Posted by Loading > 2021-11-12 09:39 | Report Abuse

" Hidup-hidup, hidup Bursa! Undur-undur, undur Serba! "

Posted by superrr > 2021-11-12 09:39 | Report Abuse

Hahahaha..

Posted by Nikmon > 2021-11-12 09:41 | Report Abuse

It going to 100% loss, shareholder who are stupod deserved it. Stop invest...for the sake of your family

KPMG raise red flag - should caution
SD sue KPMG - only idixt still invest
Ex risk director resign - only 2 x idiox still invest
SD sue exDirector - only 3x ixiot still invest
SD sue Bursar - only 5x idxot still support SD
SD sue EY - only 6x xdiot still support SD

Which lever are you....lol haha

Stocksafeplayer quoted hope company could be ‘saved’ for sake of existing serba’s investors… Not meant to offend existing share investors, current temporary suspension can at least ‘prevent’ some investors from buying more… until clearer picture on latest situations.
12/11/2021 9:37 AM

Posted by newbie1111 > 2021-11-12 09:44 | Report Abuse

Guess today who will SD sue, their bond holder? High court judge or their own lawyers?

Posted by Nikmon > 2021-11-12 09:44 | Report Abuse

Below may be the reason why SD rush to sue EY..haha..

the SC issued a Section 152 CMSA notice to require EY to disclose its SIR findings for the SC’s review, according to the email reply.

Posted by superrr > 2021-11-12 09:47 | Report Abuse

Epf had sold out all a long time ago, lari kuat kuat lol, but some ppl say that EPF still holding 5% of sb ?


----------------------
Stocksafeplayer No one in this online forum is authorised to represent EPF ok?

Posted by Stocksafeplayer > 2021-11-12 09:50 | Report Abuse

Repeat (drowned out by promoters long essays here)

Misses coupon payment’ news…. jialat

https://www.theedgemarkets.com/article/serba-dinamik-misses-coupon-payment-us300m-sukuk

Posted by WongKris > 2021-11-12 09:54 | Report Abuse

Is this company becomes a legal firm or still O&G company ?

Posted by shpg22 > 2021-11-12 09:55 | Report Abuse

SEPANDAI PANPAI TUPAI MELOMPAT, AHKIRNYA JATUH KETANAH JUGA.
Apply to most engineering company with billion dollar project.
All this fictional projects are to get more loan and raise bon only.

Posted by Stocksafeplayer > 2021-11-12 10:08 | Report Abuse

Ha ha ha
WongKris Is this company becomes a legal firm or still O&G company ?
12/11/2021 9:54 AM

Posted by IdleMoney66 > 2021-11-12 10:12 | Report Abuse

Jail them!!

Posted by superrr > 2021-11-12 10:15 | Report Abuse

Maybe they will sue their own lawyers later.

Posted by Jkoay > 2021-11-12 10:21 | Report Abuse

Kerajaan tipu,banyak company skg pun pandai tipu. Semua cepat kaya. Kena tangkap, belakang kira.

Posted by Depeche > 2021-11-12 10:24 | Report Abuse

SC's investigations more or less have the answers already. just waiting for work to complete...Dat Karim has not talked to the press yet. interesting to see his response to the latest news.

Posted by Speedrc > 2021-11-12 10:25 | Report Abuse

Personally guess situation,
A. If didn't make any accounting fraud, just deal with BURSA/SC as soon as possible.

B. If have accounting fraud:
B1. Hope is personal corruption.
Quickly Catch XXXpeople,

New management can continue SD business........

B2. If similar ENRON/Luckin Coffee/tranmil /MEGAN...It is the worst....GG
———-

By the SUE here SUE there behavior ,
I hope it is personal corruption .

Posted by leno > 2021-11-12 10:28 | Report Abuse

Closing Shop : in-fast-progress

Posted by SinGor > 2021-11-12 10:30 | Report Abuse

donT waste time here, the fish is rotting

Posted by Nikmon > 2021-11-12 10:31 | Report Abuse

KPMG raise red flag - should caution
SD sue KPMG - only idixt still invest
Ex risk director resign - only 2 x idiox still invest
SD sue exDirector - only 3x ixiot still invest
SD sue Bursar - only 5x idxot still support SD
SD sue EY - only 6x xdiot still support SD

Which lever are you....lol haha

Posted by Huangbk72 > 2021-11-12 10:32 | Report Abuse

I tell you

Martians is among us talking alien language.. hahaha

Well summarized Joyvest

Posted by bobvic96 > 2021-11-12 10:43 | Report Abuse

Where are the "new" INEDs?

Nothing stated in support of SerbaDK's situation and neither have they resigned.

1) Spineless, and / or
2) Clueless, or
3) Not apparently independent

Serious reputation issues on the line here

Posted by joyvest > 2021-11-12 10:43 | Report Abuse

you know I know

1. From the latest developments , it can be expected that findings done by EY in the SIR are consistent to those of KPMG
2. SIR need not be prepared by Auditors and it can be prepared by any consulting firm such as EY consulting
3. The question of AOB does not arise
4. KPMG has pointed out the irregularities to SD but SD is not happy
5. KPMG has no alternative but to report to SC
6. To preempt any mischief , SC raided SD to save documentation
7. SC has been kind enough to direct SD to engage a consulting firm to verify the veracity of the irregularities detected by KPMG during the conduct of audit
8. EY consulting was engaged by SD themselves ( SC did not interfere the engagement of which consulting firm)
9. Too bad , SD is not happy with the findings done by EY and resorted to legal actions , the main purpose of which is to prevent the release of SIR by EY and SC
10. EY is firm on its findings in discharge of its professionalism
11. SC is firm in the name of fair trading in discharge of its supervisory role as a market regulator
11. who has the agenda to hide the truth ?

Posted by bobvic96 > 2021-11-12 10:44 | Report Abuse

Maybe they don't want to get sued


bobvic96 Where are the "new" INEDs?

Nothing stated in support of SerbaDK's situation and neither have they resigned.

1) Spineless, and / or
2) Clueless, or
3) Not apparently independent

Serious reputation issues on the line here
12/11/2021 10:43 AM

Posted by leno > 2021-11-12 10:58 | Report Abuse

pay what coupon ?
this month close shop
no need to pay anything anymore.

Posted by Flying Fox > 2021-11-12 11:08 | Report Abuse

This is best summary, thanks joyvest. Let’s see, who is playing what? Can you see?

++++++++////////++++++++++

joyvest you know I know:

1. From the latest developments , it can be expected that findings done by EY in the SIR are consistent to those of KPMG
2. SIR need not be prepared by Auditors and it can be prepared by any consulting firm such as EY consulting
3. The question of AOB does not arise
4. KPMG has pointed out the irregularities to SD but SD is not happy
5. KPMG has no alternative but to report to SC
6. To preempt any mischief , SC raided SD to save documentation
7. SC has been kind enough to direct SD to engage a consulting firm to verify the veracity of the irregularities detected by KPMG during the conduct of audit
8. EY consulting was engaged by SD themselves ( SC did not interfere the engagement of which consulting firm)
9. Too bad , SD is not happy with the findings done by EY and resorted to legal actions , the main purpose of which is to prevent the release of SIR by EY and SC
10. EY is firm on its findings in discharge of its professionalism
11. SC is firm in the name of fair trading in discharge of its supervisory role as a market regulator
11. who has the agenda to hide the truth ?
12/11/2021 10:43 AM