#BobAxelrod It must really be a cat comedy show. Maybe the free warrants can be sold to kacang putih seller as wrapping paper? Or pay conversion fees and convert to confetti all the same?
Think we are all sui yee? 14/11/2021 4:53 PM
Haha Mother Shares also got..
The 2019 Free Warrant is still a Virgin..remain untouched. With Karim recent disposal of his warrant, now Mabel got less competition ...
The WA was trading at 60 sen after Bonus Issues and was on target to go RM 1...
KUALA LUMPUR: Serba Dinamik Holdings Bhd says it is committed to fulfilling the coupon payment for its US$222 million sukuk.
The company, in a filing to Bursa Malaysia, clarified that the coupon payment due on November 9 this year was about US$7.0 million and not US$9.45 million reported by a business portal.
"Serba Dinamik has engaged and sought advice from our legal counsel as well as wrote to the sukuk agent to notify the sukuk holders on the correct amount due," it said.
Serba Dinamik said under the terms of agreement, the company has a 30-day period from the non-payment due date to cure and pay the overdue coupon obligations before triggering any dissolution event (event of default).
"We are also proactively engaging all stakeholders to provide timely updates and clarifications as and when required," Serba Dinamik added.
Serba Dinamik extends its guarantee that it has no intention to default on the coupon payment and is taking all necessary steps to remedy the matter within the stipulated timeline.
Meanwhile, Malaysian Rating Corp Bhd (MARC) said the missed coupon payment signified liquidity stress faced by Serba Dinamik.
On this basis, MARC views that Serba Dinamik's ability to meet its financial obligations will continue to be strained.
Accordingly, the rating agency removed the ratings of Serba Dinamik's Islamic Commercial Papers and Islamic Medium-Term Notes Programme (ICP/IMTN) programmes from MARCWatch Negative and downgraded the ratings to MARC-4IS/BBIS.
"The outlook on the IMTN programme is negative. MARC will reassess the ratings upon a review of the statutory audited accounts, which will be issued by the extended deadline of November 30, 2021 and other relevant findings," it said.
MARC said the concern on the protracted delay to resolve Serba Dinamik's audit issues had now been compounded by the missed semi-annual coupon payment on the outstanding US$222 million senior sukuk issued by its wholly-owned indirect subsidiary, SD International Sukuk Ltd.
"The coupon payment became due on November 9, 2021. MARC has been informed by the issuer that it is seeking to make good on the payment within the 30-day grace period before an event of default is declared.
"Nonetheless, in light of this development, the rating agency notes that a cross default could be triggered on the borrowings under the ICP/IMTN programmes under which the outstanding of RM100 million ICPs is due in May 2022," it added.
I found this rather amusing. Karim knows exactly the date to sign and receive Sukuk money but conveniently forgot to pay interest bcos Bursa asked SB for Annual Report
Remember the date doesn't matter. What we care is got enough money to pay or not? The article mentioned will pay using the money collected from customer means they don't have enough cash to pay back now
Based on what I know, refinancing bonds can be a good solution if cannot meet bond payments on final maturity date. This is why I worry if USD 300 million can be settled by May 2022….when refinancing is adversely affected by the downgraded bond ratings.
serba... serba say KPMG shoplot auditor serba sue KPMG serba appoint EY serba sue KLSE screener serba sue EY/bursa serba cannot pay their new shop 24m serba cannot pay their sukuk ... ... ... serba sue prestaining bhd? serba sue sukuk holder? serba sue their lawyer because cannot win case? serba sue bank because they dont want give serba new loan? serba sue shareholders because shareholders dont want support their company serba sue newspaper company because they keep spread the company bad image serba sue ....... more to come.......... hahahahaha
Erotomania, also known as de Clerambault’s Syndrome, named after French psychiatrist Gaetan Gatian de Clerambault, is listed in the DSM-5 as a subtype of a delusional disorder.
It is a relatively uncommon paranoid condition that is characterized by an individual's delusions of another person being infatuated with them.
The object of the delusion is typically a person who is unattainable due to high social or financial status, marriage or disinterest.
The object of obsession may also be imaginary, deceased or someone the patient has never met.
Delusions of reference are common, as the erotomanic individual often perceives that they are being sent messages from the secret admirer through innocuous events such as seeing license plates from specific states, but has no research development proof.
Commonly, the onset of erotomania is sudden, and the course is chronic.
Mabel
Mabel So Happy....
Hong Kong got many handsome boyfriends. Hong Kong got Leslie Chung la, Kris Wu la, Eddie Peng la, Donnie Yeh la, Jackie Chan la, Chow Yun Fatt la, Nicholas Tze la, Jackie Chung la and many more.
Process Dynamics - fake project Pavilion Qatar Engineering Co. W. L.L -fake project Halul Offshore Services Company WLL - fake project New Thunder Technical Services - fake project Block 7 - fake project Future Digital Data Systems LLC - fake project Lata International Trading and Services - fake project Regno International Trading & Services W.L.L - fake project Midad Industrial Services - fake project PT Pilar Bahtera Energi - fake project Revenue International LLC - fake project Sufini Holdings Ltd - fake project Captiv Techno Solutions Private Limited - fake project Analog and Digital Labs India Private Limited - fake project Hazarasp Chlor Alkali LLC FC - fake project Nam Taep 1,2,3 Hydropower Co Ltd - fake project Hydro Village Private Ltd - fake project
IvanC Why serba don't want sue his customer? Since his customer all don't want pay him money. Sue all not relevant party for what??? 14/11/2021 7:13 PM
Process Dynamics - fake project Pavilion Qatar Engineering Co. W. L.L -fake project Halul Offshore Services Company WLL - fake project New Thunder Technical Services - fake project Block 7 - fake project Future Digital Data Systems LLC - fake project Lata International Trading and Services - fake project Regno International Trading & Services W.L.L - fake proje _____________________________________
Karim asks you to wash your backside well bcos He is going to sue you
paulthesotong 1700 employees? Employees become 2fiveSon? 14/11/2021 8:53 PM
And if the BOD were truthful in pursuing the best interests of the stakeholders, they would have stepped down months ago and let someone salvage the good (read "genuine") parts of the company.
Alas, they are selfish but hopefully heading for free curry dinners at the tax payers expense.
I expect the "new" INEDs are losing weight without even trying, whether they needed to or not.
bobvic96 paulthesotong 1700 employees? Employees become 2fiveSon? 14/11/2021 8:53 PM
And if the BOD were truthful in pursuing the best interests of the stakeholders, they would have stepped down months ago and let someone salvage the good (read "genuine") parts of the company.
Alas, they are selfish but hopefully heading for free curry dinners at the tax payers expense. 14/11/2021 8:59 PM 14/11/2021 9:01 PM
Why is there a need to wash backside if Karim is threatening to sue me?
Even if he were to sue for defamation, I will apply for striking out because I have not uttered any defamatory words against him personally.
The post below, is however, can be considered defamatory against him personally.
[ Posted by IronShirt: Nov 13, 2021 10:31 AM
Run Karim Run. I can arrange submarine ticket just like J. Low's escape ]
For civil cases, the relevant legislation is the Defamation Act 1957.
Criminal defamation is covered by Chapter XXI (Sections 499 to 502) of the Penal Code. You are probably referring to criminal defamation for the need to wash backside after losing in 3 stages (Sessions Court, High Court & Court of Appeal) or 4 stages (HIgh Court, Court of Appeal, Leave Application to Federal Court & Federal Court).
These are the typical defences to defamation:
Justification – This means the statements made were actually true. For example, if A was really a convicted criminal, a statement that A was convicted of a criminal offence, is not defamatory.
Fair Comment – This is where the statement made is an honest expression of an opinion about a matter of public interest.
Absolute Privilege – Where a situation or person is covered by absolute privilege, they cannot be sued for statements made even if they are defamatory. An example would be “a fair and accurate and contemporaneous report of proceedings” in court, as well as the “judgment, sentence or finding of such court”.
Qualified Privilege – This covers situations where the maker of the statement has a legal or moral duty to make the statement, or where the statement is made to further a legitimate common interest. For example, it may be qualified privilege for a former employer to communicate information about the character of a former employee, to that individual’s future employer (if he is asked for a reference). That being said, the defence of qualified privilege can be defeated if the claimant can show that the maker of the statement was motivated by malice.
The Media Defences -The defences of Reynolds’ Privilege (commonly referred to as responsible journalism) and Neutral Reportage, although known as the media defences, are not strictly available to media defendants only. They are in fact available to anyone who publishes contents on matters of public interest. To succeed in establishing Reynold’s Privilege as a defence, two requirements must be satisfied: - The publication must be on a matter of public interest; and - The steps taken to gather, verify and publish the information must be responsible and fair (ie. responsible journalism).
Since the above cases will take some time, when do you propose that we wash our respective backsides?
IronShirt PSAi3alert Cannot sue because:
Process Dynamics - fake project Pavilion Qatar Engineering Co. W. L.L -fake project Halul Offshore Services Company WLL - fake project New Thunder Technical Services - fake project Block 7 - fake project Future Digital Data Systems LLC - fake project Lata International Trading and Services - fake project Regno International Trading & Services W.L.L - fake proje _____________________________________
Karim asks you to wash your backside well bcos He is going to sue you 14/11/2021 7:48 PM
Do you wish to advise Serba's directors, officers and associates to wash their backsides?
False or misleading statements, etc. 177. A person shall not make a statement, or disseminate information, that is false or misleading in a material particular and is likely to induce the sale or purchase of securities by other persons or is likely to have the effect of raising, lowering, maintaining or stabilising the market price of securities if, when he makes the statement or disseminates the information— (a) he does not care whether the statement or information is true or false; or (b) he knows or ought reasonably to have known that the statement or information is false or misleading in a material particular
Fraudulently inducing persons to deal in securities 178. (1) A person shall not— (a) by making or publishing any statement, promise or forecast that he knows to be misleading, false or deceptive; (b) by any dishonest concealment of material facts; (c) by the reckless making or publishing, dishonestly or otherwise, of any statement, promise or forecast that is misleading, false or deceptive; or (d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular, induce or attempt to induce another person to deal in securities.
Prohibited conduct of person in possession of inside information 188. (1) A person is an “insider” if that person— (a) possesses information that is not generally available which on becoming generally available a reasonable person would expect it to have a material effect on the price or the value of securities; and(b) knows or ought reasonably to know that the information is not generally available.
(2) An insider shall not, whether as principal or agent, in respect of any securities to which information in subsection (1) relates— (a) acquire or dispose of, or enter into an agreement for or with a view to the acquisition or disposal of such securities; or (b) procure, directly or indirectly, an acquisition or disposal of, or the entering into an agreement for or with a view to the acquisition or disposal of such securities.
(3) Where trading in the securities to which the information in subsection (1) relates is permitted on a stock market of a stock exchange, the insider shall not, directly or indirectly, communicate the information referred to in subsection (1), or cause such information to be communicated, to another person, if the insider knows, or ought reasonably to know, that the other person would or would tend to— (a) acquire, dispose of, or enter into an agreement with a view to the acquisition or disposal of, any securities to which the information in subsection (1) relates; or (b) procure a third person to acquire, dispose of or enter into an agreement with a view to the acquisition or disposal of, any securities to which the information in subsection (1) relates.
(4) A person who contravenes subsection (2) or (3) commits an offence and shall be punished on conviction to imprisonment for a term not exceeding ten years and to a fine of not less than one million ringgit.
IronShirt PSAi3alert Cannot sue because:
Process Dynamics - fake project Pavilion Qatar Engineering Co. W. L.L -fake project Halul Offshore Services Company WLL - fake project New Thunder Technical Services - fake project Block 7 - fake project Future Digital Data Systems LLC - fake project Lata International Trading and Services - fake project Regno International Trading & Services W.L.L - fake proje _____________________________________
Karim asks you to wash your backside well bcos He is going to sue you 14/11/2021 7:48 PM
Haha TG Team continue to strengthen 2nd position after overtaking DNEX last night. They really work hard to eradicate Covid 19 and all excited and pump up to be listed in Hong Kong. Everyone is soooo happy to go to Hong Kong.
Hong Kong got many handsome boyfriends. Hong Kong got Leslie Chung la, Kris Wu la, Eddie Peng la, Donnie Yeh la, Jackie Chan la, Chow Yun Fatt la, Nicholas Tze la, Jackie Chung la and many more...So nice..
Meanwhile Our Serba continue to maintain Pole Position..
You all did Great!. Fantastic Teamwork! Well Done !
I3 Statistic tepat dan bestari Setiap Hari Serba secure No Satu Top Glove Mabel menunggu nak collect lagi Mabel’s collection sentiasa bermutu.
Virgil van Dijk is the World Best Defender While Cristiano and Messi are the World Best Strikers Mabel Top Glove is the World Best Defender While Serba and Dnex are currently Mabel's Two Best Strikers
JR Erwing duduk di Jalan Gasing Anak nya berambut Blonde bernama Mabel Confirm Serba tidak akan delisting TG, Serba dan Dnex Good Karma untuk Mabel
“I would like to underline that, overall and in every point, the allegations were not confirmed,” CEO Markus Braun told a conference call with reporters.
"Prosecutors have arrested the former head of German payment services provider Wirecard on suspicion of accounting fraud and market manipulation. Braun's bail has been set at €5 million."
Missing €1.9 billion probably 'does not exist'
On Monday, Wirecard said its management board "assesses on the basis of further examination that there is a prevailing likelihood that the bank trust account balances in the amount of €1.9 billion ($2.1 billion) do not exist.''
Dear sir Thank you so much for everything that u have done for SD over the years.After all u have done for the sharehlds thsnks but no thanks feel like enough.All the sharehlds are to offer u their utmost appreciation n gratitude for your leadership for being such a amazing CO.You single handled brought down pps from 2 bucks to 9dont how many sen, again. THANK YOU.
Dear serbadk, i have nothing much to say but im at level 4 feel free to visit me again. Im done averaging down liao. Please come back because im tired of eating Maggie everyday. Regards.
Learn from your failure and focus on bigger picture .
For those sending PM to me asking for which counter to monitor, perhaps looks for companies that provide better dividend and doing eletrical cars business like Sime Darby which too undervalued now.
By the way, this is not buying or selling call. Please consult with your brokers.
Although I never experience how it felt to be loss money in the market, I know it's painful like your Lamborghini being taken by your own best friend after you loan the car to him because you trusted him so much. But you can always buy another better car to enjoy. driving...
Learn from your failure and focus on bigger picture .
For those sending PM to me asking for which counter to monitor, perhaps looks for companies that provide better dividend and doing eletrical cars business like Sime Darby which too undervalued now.
By the way, this is not buying or selling call. Please consult with your brokers.
Although I never experience how it felt to be loss money in the market, I know it's painful like your Lamborghini being taken by your own best friend after you loan the car to him because you trusted him so much. But you can always buy another better car to enjoy. driving...
Stay trade... 14/11/2021 11:29 PM
Good Morning iHunter!
Already done that after locking profits in July.
Just to add on Sime Darby, beside what you said Mabel's motivation to go for Sime Darby is because of the Medical Centres. WE have been using their Medical Centres for for many years.
So instead of just being a consumers, might as well take the ownership of this company. Proud to be shareholders of this growing company.
Another motivation is Sime Darby has the distribution for German cars like BMW and Porsche which complimentary to Mabel collection for Cycle and Carriage and DRB Hicom the distributor for Mabel's favourite Mercedes Benz...
Lamborghini?
Why not go for Mercedes Benz?
Last night Lewis Hamilton won the Brazilian Grand Prix at Interlagos in Sao Paulo, storming through the field from 10th and passing title rival Max Verstappen for the lead with 12 laps to go.
This is Hamilton's best ever race. It's like Hamilton has a spaceship or something. Mercedes not only perform well in managing business, the also produces amazing W12 which is such a fast car. Without all the disqualification to a penalty grid, Lewis would have won the race minutes ahead of others. You can watch last night race on Youtube.
However, I would like to share this video how Lewis and Mercedes worked together when he was stripped of his P1 for the F1 Sprint due to a technical infringement found on his Mercedes W12. This disqualification gave Max Verstappen the Pole advantage. Being a fighter, Lewis Hamilton shrugs off his shortcomings and work his way up from P20 at the back of the Grid with his team for Damaged Control.
The result: Mercedes wins the Brazilian Race and is on target to win 2021 F1 Championship with 3 more races to go.
SD need to raise ~ RM1.5b to re-finance huge debts due in May 2022 and not forgetting the envisaged negative cashflow over the next 6 months. Is it possible with the “C” classifications from rating agencies ?
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
BobAxelrod
8,255 posts
Posted by BobAxelrod > 2021-11-14 16:53 |
Post removed.Why?