Is very hard for SD to announce SIR because it use the court procedure to delay Bursa and EY finding by showing to public while Bursa enforce SD showing to public by suspension. From many thing to hide until nothing to hide anymore
Listening to those promoters quoting an unnamed source compared to the Edge which all there for you to see and sue if you think they are wrong.
According to the unnamed author if correct, then all the more SD will want to release the SIR which is in their favor!!! Why need court action to sub press release of SIR.
SC and Bursa wants SD and directors to comply with regulations to prevent insiders trading as evidenced by disposal of shares by insiders and to release timely information. Did SIR or AR come out as at today??? So is it wrong to take action against SD?
Let me share how audit is done. If private company auditors rely on directors' statement all is correct and true. Sometimes there are audit concerns, auditors will advise company to settle this issue so as to not arise again in next audit. So in SD's case once listed, auditors need to report directly to SC/Bursa on suspicious transactions. ............................................................................................................
Posted by dianatrader > Dec 15, 2021 6:11 PM | Report Abuse
The Edge is Biased Against Bumiputera Companies by an unidentified author
So all the actions by the respective parties will not affect operations.
Then why SD cannot collect USD7 mil to pay coupon and complete the building purchase? The amount of debtors is in billions and liquid assets is RM290 mil.
so many posting every day , ..........many people trapped in this company,.....very painful..........karim buat banyak dosa,.........anak cucu tak ada kaki baru tahu.
Like Mabel said many times just let our 1,700 Serba Dinamik fix this for us. There's nothing much we can do except to wait. Mabel remember Armada used to have quite similar issues many moon ago with huge press coverage. AK and his Team fixed it with flying colors. I'm sure DK and his Team will be able to fix this. What they need is time...so Mabel will give them time, beside KLCI now is having constants Period. The Good thing is our Serba is still GREEN. Our World Class Striker is still the Podium. So just be patient...
If you look at many listed companies in KLSE, many are loss-making or profit-making going down, but oil-palm listed companies are profit-makings are going up due various factors as Mabel shared earlier..
Unfortunately ratings change only after something good or after something bad happened.
This is why timely submitted Audited Accounts are so important to me as bilis investors, to All Banks, to their Suppliers, to some customers, to rating agencies etc.
As the eposide continue on, the bad guys will slowly be reveal by their own doing. There are two camp here. I always believe the righteous will prevail over evil.
Karim do Fraud accounting to cheat bank and bond holder money KPMG found out the fake FAKE sales and FAKE profit report to bursa and SC.
Now, karim doing all his best to prevent being persecuted by delaying AR, and preventing SIR release. Bankers now realize the fraud and is taking proper action.
if you have invested in serba,......... just forget about it, ........go back & work harder,.........don`t keep thinking about it,........ not worth it,.........the mind can go crazy,......just treat it as learning lesson.
LadyM has finally acknowledged that Dr.K should be kicked out of KP .Indirectly LadyM also acknowledges that Dr.K should be removed from SD and other related companies for goodness sake as he is the sole culprit to all these messy developments to the detriment of the interests of all investing parties, some of whom have been averaging from the peak to the bottom price and now is completely wiped out......
From the outset , Dr.K planned to settle the loan using windfall gain from share trading through manipulation of fictitious projects but was spoiled by KPMG. Thats why Dr.K is so annoyed and pissed off with KPMG. Too bad , KPMG has been fooled for too long and enough is enough.
I will follow Him Follow Him wherever He may go, And near Him, I always will be For nothing can keep me away, He is my destiny.
I will follow Him, Ever since He touched my heart I knew, There isn't an ocean too deep, A mountain so high it can keep, Keep me away, away from His love.
I love Him, I love Him, I love Him, And where He goes, I'll follow, I'll follow, I'll follow. he'll always be my true love, my true love, my true love from now until forever, forever, forever
I will follow Him, Follow Him wherever He may go, There isn't an ocean too deep, A mountain so high it can keep, Keep me away, away from His love...
We will follow Him, Follow Him wherever He may go, There isn't an ocean too deep, A mountain so high it can keep, Keep us away, away from His love...
I love Him (Oh yes I love Him) I'll follow (I'm gonna follow) True love (He'll always be my true, true love) Forever (Now until forever) I love Him, I love Him, I love Him, And where He goes, I'll follow, I'll follow, I'll follow, He'll always be my true love, My true love, my true love, From now until forever, Forever, forever...
I will follow Him to long kang Follow Him wherever He may go,to longkang And near Him, I always will be to longkang For nothing can keep me away, to longkang He is my destiny.to longkang
I dont know why some still cannot accept the fact that Karim cooked the books.
I am very certain if today Serba can trade and for some miracle it goes up to RM2, many will sell. Those that still support serba only wants to sell and hope they can break even. they dont care if it is fraud, as long as they dont lose money.
I will follow Him to long kang Follow Him wherever He may go,to longkang And near Him, I always will be to longkang For nothing can keep me away, to longkang He is my destiny.to longkang 16/12/2021 9:46 AM
Haha Didn't know my Learnado can sing like a Baby....
Who say SD got cash flow issue? Nonsense, you all please read the two years quarter report cash flow statement, it's still very healthy, you all can check from previous two years till now, it has been steadily performed, the only issue is the balance sheets cash reserves decreasing quarters by quarters, but actually all these are manipulation of accounting purposes, it can be rectified one.
The default of Bond means SD got financial issues? Nonsense,it's SD wayang to attract shorties to come in and short again, and weak holders to have panic sells.
If really got cash flow issues, why karim still said wanted to have own satellite and will fork out 10m++ by second quarter next year.
This SD is very similar to last time AirAsia (fake accounting issues), then AA plumped from 1.70 dropped to 0.50 at year 2015. Please check back the history la, then once resolved, back to 2.0.
And Armada when 0.15-0.20, always got many FAKE negative news, but eventually up to 0.50++
Any biz can't survive without financing...SD has punctured the lifeboat... no amount of smooth talking will be able persuade bondholders to cut them some slack because they didn't even pay the smaller coupon payment... "pay up before u talk about more loans"... now there's nothing more to talk about
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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....
jinova546
242 posts
Posted by jinova546 > 2021-12-15 22:16 | Report Abuse
PN17 in next 18 month