1. No cash inflows from dummy receivables unless paid by Dr.K himself from his own funds kept in somewhere secretly ,that only he knows.
2. If Books that has been cooked can be uncooked ie rectified as claimed by you, what is the safeguard to the investors?
3. shorties might capitalise on this mess to their advantage.
4. The creation of satellite thing is just to divert attention. The root to the problem of SD has yet to be resolved.
5. AA has been transparent and cooperative with the authorities concerned during the conduct of Investigation and willing to assume accountability and responsibility for any wrongdoings and/or irregularities unlike SD
6. All the negativities embroiled with SD are seen as harbingers of the doomday of SD to come
Dr.K could be hybrid of the above to be crowned as the champion of the mastermind of the saga of SD unlike someone who doesnt even understand the context of cash flows .
current bond trade at 10 sen meaning bond holders will definitely call on a complete-default to receive 25 sen per bond now, which cost about RM 450 mILLIONs and another 75 sen later (RM 1.6 BeeLIONs)
if they wait another day the conman might sell off sebak asset to his own family at cheap cheap price, and the family will sell off the asset at higher price to cronies and cronies will sell off to others and lose all the money trail track.
Not only that, his/her banging payment also stuck in serba. Because the payment was made with free serba shares/warrants that he/she always mention here. Lolz
Poor soul, so much night hardwork gone down the drain __________________________
nicholas99 Mabel really stuck a lot of money in serbadk.. so sad for him/her
Thats the problem of averaging and keep averaging.
you thought you win it all as if the winner wins it all but end up the loser losing all......
Dr.K can just let the ship sink forever and start to build another ship codenamed " Titanic II " and continues the same circus where the same jokers and clowns are juggling the show.....................
The diehards or hardcores will become his followers again............ bloody pathetic...
With so many holes need to cover bank also no dare to borrow money again unless waiting for taxpayer money to bailout but too many bumi oil and gas player in malaysia.. SD not same with MAS as MAS is the Malaysia icon and only industry player in Malaysia.
Come on man..Many ppl’s money is stuck now..SD or SC is taking bloody too long to come up with a clear answer..We don’t need details though if work is still going on but a simple conclusion will do..Investors can turn to something else instead..
Don't worry, Karim said will end 2021 with high notes, 360 degree turnaround, business as usual. They even partnership with Huawei, building satellite and building 5G in remote place. Umat Islam and Bangsa Melayu will support Sii Chong Wei.
#InvestorKING 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++ 16/12/2021 10:04 AM
Cheers InvestorKING!
That's why the KING and Snow White were laughing all the way to bank in the previous Armada rally...
Mabel made 244% from previous engagement with Armada..
GrtTrdr is pearlwhite…. No fraud? Haha… karim cooked the books and kpmg caught karim doing it, even ey agrees there are fraud, that is why serba refuses to release the sir.
You lose so much averaging down now you become gila already. U think what u write here will change the fact that karim did not cook the books with fake projects fake numbers fake people fake accounts?
Why is it KPMG’s fault? KPMG caught serba cook the books so they report to authorities, is it wrong to report? If a police saw a crime going on and catch the robber, is it wrong?
What you want is KPMG to keep quiet so that Karim can continue to cook the book. You dont care who will get hurt eventually, all you can is your own money.
KPMG saw fraud and they reported, KPMG did nothing wrong, it was Karim that lied to you guys, dont blame KPMG.
Even EY agrees, which is why Serba refuses to release the SIR
Looks like someone is going to a prison-like Transmile case. So many red flags which are right to show discrepancies. What logic getting millions from one man show company?
If you dont like KPMG had done to SD dont listing in Bursa market. Do whatever you like in financial report people dont care.. What Bursa doing is to protect our investor money.. if every company doing the same as SD you think you still want invest in Bursa market..
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....
muhfiq
759 posts
Posted by muhfiq > 2021-12-16 10:23 | Report Abuse
The interesting part is how to react from this
Monitor
Watch their next plan