Removing judge too ? If there are no issues and everything is factual, why the protracted delay ? It should be immediate disclosure and BAU thereafter.
InvestorKING Pearl white today so aggressive, something Big must be happening 22/11/2021 12:41 PM
Remember, attention details.
1) TheEdge/Bursa doesn't use the words Factual Findings Update (FFU), now its Special Independent Review (SIR). Why not FFU?
"... four scope of its Special Independent Review (SIR) of the company."
2) The word "initial" - meaning work in progress? Will the initial findings change when completed?
“material information” from E&Y initial report which must be disclosed to the public.
3) The word "findings" - meaning completed in Bursa's interpretation? What is going on with the terms initial and findings?
"to seek a court order to compel Serba Dinamik to make a public announcement of the SIR findings."
4) Does Bursa accept this? Work to be done all over again? Oh dear! Can't Bursa direct to continue with EY Consulting?
"It also sought a court order directing Serba Dinamik to complete the SIR with E&Y or in the event of EY's premature resignation or its termination, the court orders the company to appoint an independent reviewer with international affiliation within 14 markets days for the SIR to be completed."
5) In the event of disclosure of unqualified AR2020/21 and QR 9/21, suspension will still be in effect.
“Its continuing refusal and/or failure to comply with the directive (by Bursa) warrants Bursa to do all acts necessary to enforce and give effect to the directive."
Mr Fat Cat: "I only have comment for Bangla courier boys - Turn off the lights, take a deep breath.... Relax..."
pearlblack: "We have been aware and would officially state that we will deny and prevent the hostile takeover of Serba Dinamik Berhad through guerilla tactics."
Bursa action is reasonable. All public listed companies should be transparent, no hiding something. We are stakeholders, we have the right to know detail after dragging for so long time. I support Bursa. If one company can do like this by it's own way, then other companies will follow.
if wrongdoing confirmed on any company, SC should take legal action against company's director, CEO and CFO. Serious penalty such as jail instead of fine only millions. If a fraud company or insider trading found, they could have made over billions, so millions of fine just a piece of "Nose feces" to them. Our money also work die hard to get it. If invest or trade failed, then okay, accept it. But due to fraud of insider trading, then where is the justice and protection against us?
. Do you want to know what was replied to Bursa/EY's affidavits last week? Nov 18th?
“I will allow the plaintiff (Serba Dinamik) to respond to the affidavits following their request within one week of today (Nov 11). As to their request for an ad interim [injunction] and balancing in the interests of justice, this court orders that no ad interim order be granted," ruled Justice Datuk Ahmad Fairuz Zainol Abidin.
The key takeaway is of course, with latest OS from Bursa, I am very sure new presentations and findings documents will surface with correct terminologies, disclaimers and authors. .
#solomolo now the whole world knows...Serbadk shares were suspended because the Bursa did not follow the prescribed act...that is why the Bursa had to use a court order...LOL 24/11/2021 8:02 AM
#ǷearlꙌhite . Anyhow, Bursa is doing their job. . 24/11/2021 9:47 AM
Ya Lor...
Simple things like this pong cannot understand...Innocent until Proven Guilty..
Meanwhile just stay calm. Beside there's nothing much we can do about it...
Please continue to Goyang Kaki ...Just let the boys do their job. After all they are working for us...
#PSAi3alert Promoters will return with their usual comments:
Mr Fat Cat: "I only have comment for Bangla courier boys - Turn off the lights, take a deep breath.... Relax..."
pearlblack: "We have been aware and would officially state that we will deny and prevent the hostile takeover of Serba Dinamik Berhad through guerilla tactics."
Dishonesty: "Between" 24/11/2021 9:49 AM
Ya lor..
Serba has the best Lawyers in town...
Turn off the lights, take a deep breath.... Relax...
Now can count the damages done by 1) Bursa's sudden suspension without warning... and 2) SD's nonchalant attitude towards datelines and regulations. But most unbelievable of all, the local and foreign investors who confidently bought into a "shining star" of Malaysia may see every sen of their monies wiped out.... what a precedent should that happens. The lawsuit between Bursa and SD is more about nitpicking words and phrases... "initial factual findings" or "independent special review findings".... definition of "material" and "immaterial" etc . Holders just prepare for total losses... that way, the eventual outcome will not sting as much.
KUALA LUMPUR, Nov 24 — Many people in the country aged between 30 and 45 will go bankrupt next year when most of the government aid packages end, according to the Malaysian Association of Borrowers and Consumers Solution (4PM).
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....
Panorama1
971 posts
Posted by Panorama1 > 2021-11-24 09:00 | Report Abuse
Removing judge too ? If there are no issues and everything is factual, why the protracted delay ? It should be immediate disclosure and BAU thereafter.