Posted by BobAxelrod > Dec 2, 2021 10:27 AM | Report Abuse
Waaaa.... the 2 tranches of KPower done Off markets wouldn't be happy now. In fact one of them, the 3.75 million done at 455c and now market is below....Some southern bigshots fuming already???
hope the problem can be solved. Out of 4 something billions project red flagged by kpmg, Only around 1 billion something cant be verified by EY. And now Serba is working hard to solve that.
Mastermind of the greatest shenanigans on bursa with fictitious projects,dummy receivables,fake payables, phantom of materials at site and mirage of profits.....gone with the wind now.....
Posted by shareinvestor888 > Dec 2, 2021 11:06 AM | Report Abuse
Sudden holiday announcements very ‘mah fan’ & can be counter-productive especially when FT is centre of Malaysia’s financial business.
Bursa have no choice but close tomorrow, all payments, settlements may have to brought forward today or extended till next Monday…. How to educate some senior politicians to be economiy savvy ah?
Serba clinches CSR Malaysia’s overall excellence award Author: savemalaysia | Publish date: Wed, 1 Dec 2021, 10:03 AM
SERBA Dinamik Holdings Bhd has put aside all its corporate woes to bag the corporate social responsibility (CSR) Overall Excellence Award at the recent Sustainability and CSR Malaysia Awards 2021.
The annual event organised by CSR Malaysia is aimed at giving appreciation and recognition to companies that have shown exemplary performance throughout the year through its commitment to CSR.
Serba Dinamik group managing director and CEO Datuk Dr Mohd Abdul Karim Abdullah said that the global integrated oil & gas (O&G) service provider had spent RM2.13 mil for various CSR programmes from June to December 2021.
“We came forward to help communities across the country when the COVID-19 pandemic hit Malaysia, and we channelled assistance to various segments of society, including to frontliners,” he said in a statement.
Abdul Karim further noted that Serba Dinamik is fully committed to continuing and re-doubling its noble efforts to help the community through its various CSR initiatives in 2022 and beyond.
According to the statement, the group’s CSR activities have focused on education, healthcare and general semantics through a special team called the “Serba Care Team”.
The three main objectives of the Serba Care Team are based on education and learning, social well-being and human capital development.
Serba Dinamik was last transacted at 35 sen at the close of the mid-day trading on Oct 22 prior to the trading suspension of its shares/warrants, hence giving the company a market capitalisation of RM1.31 bil. – Dec 1, 2021
It is more about how this situation can be settle down.
All investors are hoping for the best
Posted by SinGor > Dec 2, 2021 3:59 PM | Report Abuse
so far round 1, Karim won hands down. Bursa Talks Big but cannot do anything. Coming, Coming 31Dec 2021 Karim sent AR or SIR to Bursa ( accept or throw it into the LongKang---Bursa your move )
No disclosure of FFU by SD, no lifting of suspension by SC
No submission of AR,no lifting of suspension by SC
Since SD has taken the legal recourse to challenge the need of disclosure and on the other hand SC has appealed to the Court to compel SD to disclose, then let the law take its course. Who will win? Time will tell
When will the time tell? Nobody knows but time is running out......SD would probably break the record of having the longest suspension in history.....
Mabel of course is totally no knowledge and skill in shares charting, only know how to write long long articles and bragging around to live his/her 60+ boring days....
The award is a joke, not even responsible to investing public let alone CSR. Reality blurred by public relation exercise.
Posted by risingstar21 > Dec 2, 2021 11:12 PM | Report Abuse
Serba clinches CSR Malaysia’s overall excellence award Author: savemalaysia | Publish date: Wed, 1 Dec 2021, 10:03 AM
SERBA Dinamik Holdings Bhd has put aside all its corporate woes to bag the corporate social responsibility (CSR) Overall Excellence Award at the recent Sustainability and CSR Malaysia Awards 2021.
The annual event organised by CSR Malaysia is aimed at giving appreciation and recognition to companies that have shown exemplary performance throughout the year through its commitment to CSR.
Some people here made a killing in Gloves sector in the last 2 years, so can afford to splurge on other dead stocks like Serbak, so they can afford to be arrogant and careless.
superrr Mabel of course is totally no knowledge and skill in shares charting, only know how to write long long articles and bragging around to live his/her 60+ boring days.... 03/12/2021 8:43 AM
. Bursa, EY and The Edge - The number is seen but cannot be seen otherwise By Pearlwhite 2nd December 2021, 6.50PM (updated 3rd December 2021, 9.45AM)
That’s right, RM1.438 billion of audit discrepancies that cannot be verified. What could that RM1.438 billion be? What does it consist of?
We now know for sure it must be verified at its physical place and location outside of Malaysia (see below for commentary from CEO Karim Abdullah). This is crucial for two reasons:
Firstly, the discrepancies of up to RM3 billion that were resolved are within Malaysian borders. Moreover, some of the RM3 billion of resolved discrepancies were related to companies which had KPMG as their external auditor.
Secondly, this is huge setback for market speculation of fictional contracts, revenue, receivables, vendors, assets and stocks since auditors do not commence with site visits unless and until after documentations and signed confirmations have been audited.
So why would physical place and location verification be so important then? Physical sighting as auditors calls it, is important because it confirms “existence”. Existence is the objective reality or being visible to our eyes. Existence is what gives credibility and legitimacy to the to what are stated in the financial statements.
If existence cannot be verified, whatever that is stated in the financial statements can be fictional, no matter the documentation and signed confirmations. For all you know, when its fictional, it may well be a signed confirmation from a monkey, is a typical auditor joke.
Areas that require sighting includes assets, customer and vendor premises and stocks.
So far, SD has given all co-operation and assistance needed to expedite the completion of the SIR. However, if the parties involved are un-willing to cross Malaysia’s borders, then RM1.438 billion will forever be seen but cannot be seen otherwise.
So, with the documentations and signed confirmations in file, let’s go sightseeing and photograph the places of interests.
“Hopefully the easing of standard operating procedures on Covid-19 restrictions in different countries can help to expedite the verification process. It depends on agreement or cooperation of all parties involved,” he told The Malaysian Reserve when asked about the date the group will be able to announce the findings.
p.s. Please circulate to the Telegram/Whatsapp group and forums. Thanks. .
made huge losses on Serba... anyone has any idea what is going to happen to the company? heard there is telegram group for investors? anyone has link? really need help... wonder what is going to happen to the company...
You are right to join Serbak investors group to salvage whatever is left of the company from the creditor appointed receiver. Legal action against the BOD and the management will be the last step if negligent and fraud are determined.
Posted by wxxxxe > Dec 3, 2021 10:08 AM | Report Abuse
made huge losses on Serba... anyone has any idea what is going to happen to the company? heard there is telegram group for investors? anyone has link? really need help... wonder what is going to happen to the company...
#ǷearlꙌhite . Bursa, EY and The Edge - The number is seen but cannot be seen otherwise By Pearlwhite 2nd December 2021, 6.50PM (updated 3rd December 2021, 9.45AM)
That’s right, RM1.438 billion of audit discrepancies that cannot be verified. What could that RM1.438 billion be? What does it consist of?
We now know for sure it must be verified at its physical place and location outside of Malaysia (see below for commentary from CEO Karim Abdullah). This is crucial for two reasons:
Firstly, the discrepancies of up to RM3 billion that were resolved are within Malaysian borders. Moreover, some of the RM3 billion of resolved discrepancies were related to companies which had KPMG as their external auditor.
Secondly, this is huge setback for market speculation of fictional contracts, revenue, receivables, vendors, assets and stocks since auditors do not commence with site visits unless and until after documentations and signed confirmations have been audited.
So why would physical place and location verification be so important then? Physical sighting as auditors calls it, is important because it confirms “existence”. Existence is the objective reality or being visible to our eyes. Existence is what gives credibility and legitimacy to the to what are stated in the financial statements.
If existence cannot be verified, whatever that is stated in the financial statements can be fictional, no matter the documentation and signed confirmations. For all you know, when its fictional, it may well be a signed confirmation from a monkey, is a typical auditor joke.
Areas that require sighting includes assets, customer and vendor premises and stocks.
So far, SD has given all co-operation and assistance needed to expedite the completion of the SIR. However, if the parties involved are un-willing to cross Malaysia’s borders, then RM1.438 billion will forever be seen but cannot be seen otherwise.
So, with the documentations and signed confirmations in file, let’s go sightseeing and photograph the places of interests.
“Hopefully the easing of standard operating procedures on Covid-19 restrictions in different countries can help to expedite the verification process. It depends on agreement or cooperation of all parties involved,” he told The Malaysian Reserve when asked about the date the group will be able to announce the findings.
p.s. Please circulate to the Telegram/Whatsapp group and forums. Thanks. . 03/12/2021 9:49 AM
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 > 2021-12-02 19:35 |
Post removed.Why?