Posted by leno > 2021-12-22 10:32 | Report Abuse

First event :
Karim do FRAUD accounting
to cheat bank money, bond holders money
and also use to steal money thru PP raising

kpmg found out the FRAUD
report to sebak Independent directors
report to bursa and sc
bursa and sc RAID sebak

5 independent directors resign immediately
including 1 newly come in straight away resign

kwsp cabut lari
kwap cabut lari

Sebak appoint CROOK lawyer
Sebak new chairman TIPU in press conference

Sebak refuse to do SIR
Bursa force sebak to do SIR

EY confirmed sebak do Fraud accounting
bursa agree and suspend sebak
another 2 independent cabut lari
refuse to release SIR report

sebak refuse to announce default on coupon
bursa ask sebak already pay coupon or not
sebak twist by saying did not receive default notice

bursa ask sebak again ALREADY PAY COUPON OR NOT
sebak finally announce did not pay coupon and defaulted the bond

sebak self announce PN17
sebak declared don't know its own current financial situation

2 more Independent Directors RESIGNED
make it a total of 9 in less than 5 months (new bursa record)

Waiting for sebak to announce that they are BANCRUPT.
Anytime now ... anytime.

Posted by leno > 2021-12-22 10:34 | Report Abuse

Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD
ǷearlꙌhite .
Oct 21, 2021 8:09 AM

COMPLETED ACTIONS FROM DETAILS BELOW

EY will provide finalised SIR to Bursa.
- COMPLETED

Bursa to request SD to announce SIR findings.
- COMPLETED.
Awaiting Bursa notification to disclose.

Complete 2020 audit and annual report as planned
- COMPLETED

Complete 30/9/2020 QR within time frame or earlier
- COMPLETED AND APPROVED.

Posted by superrr > 2021-12-22 10:34 | Report Abuse

Updating possibility is delisting...

Posted by stockraider > 2021-12-22 10:37 | Report Abuse

Too late now loh!

It already suspended mah!


Posted by leno > Dec 22, 2021 10:32 AM | Report Abuse

First event :
Karim do FRAUD accounting
to cheat bank money, bond holders money
and also use to steal money thru PP raising

kpmg found out the FRAUD
report to sebak Independent directors
report to bursa and sc
bursa and sc RAID sebak

5 independent directors resign immediately
including 1 newly come in straight away resign

kwsp cabut lari
kwap cabut lari

Sebak appoint CROOK lawyer
Sebak new chairman TIPU in press conference

Sebak refuse to do SIR
Bursa force sebak to do SIR

EY confirmed sebak do Fraud accounting
bursa agree and suspend sebak
another 2 independent cabut lari
refuse to release SIR report

sebak refuse to announce default on coupon
bursa ask sebak already pay coupon or not
sebak twist by saying did not receive default notice

bursa ask sebak again ALREADY PAY COUPON OR NOT
sebak finally announce did not pay coupon and defaulted the bond

sebak self announce PN17
sebak declared don't know its own current financial situation

2 more Independent Directors RESIGNED
make it a total of 9 in less than 5 months (new bursa record)

Waiting for sebak to announce that they are BANCRUPT.
Anytime now ... anytime.

Posted by amirf1221 > 2021-12-22 10:39 | Report Abuse

Need more updates
Only then will be okay
Not just stating the figures

Posted by amirf1221 > 2021-12-22 10:40 | Report Abuse

Any definite date?
Been waiting for that
Nervous

Posted by superrr > 2021-12-22 10:41 | Report Abuse

As u can see KNM defaulted bond caused the share price from 0.27 plunged to 0.13, now had paid back the share price has get up slowly...

Posted by amirf1221 > 2021-12-22 10:41 | Report Abuse

People are waiting
Need assurance
Keep improving

Posted by amirf1221 > 2021-12-22 10:42 | Report Abuse

Let see in near soon
Will be another announcement?

Posted by stockraider > 2021-12-22 10:43 | Report Abuse

At least at KNM can still cabut n not suspended mah!

Posted by leno > 2021-12-22 10:52 | Report Abuse

sebak fail to pay RM 30 million coupon
because of this,
sebak has defaulted the 2022 bond (about RM 1 billion)
which automatically mean defaulted 2025 bond as well. (another RM 1 billion)

If u cannot pay bond 1 coupon
meaning u could not pay bond 2 coupon.
For eg. if u got no money to pay your teh-o ais,
how are u going to pay for your nasi ayam ?
This is simple law and common sense.

Defaulted on RM 30 million coupon
also mean sebak must immediately
- return back 25% of 2022 bond
- 25% of 2025 bond
and another 75% later on.

25% of 2022 bond and 2025 bond is about RM 500 million.
RM 30 million cannot pay, how to return RM 500 million now ?
The cash already been freeze
and all asset is being Liquidate.

Any left over,
must use to pay for another 75% bond
= RM 1.5 BILLION with the capital letter "B"

NICE AAAAAAAAAAAAH !!

Posted by superrr > 2021-12-22 10:53 | Report Abuse

If bankers no more supporting SD, do u think it able to survive ?? Gone case ...

Posted by stockraider > 2021-12-22 10:55 | Report Abuse

Actually should straight away announce restructuring and apply for creditors protection now loh!

No more hope mah!


Posted by leno > Dec 22, 2021 10:52 AM | Report Abuse

sebak fail to pay RM 30 million coupon
because of this,
sebak has defaulted the 2022 bond (about RM 1 billion)
which automatically mean defaulted 2025 bond as well. (another RM 1 billion)

If u cannot pay bond 1 coupon
meaning u could not pay bond 2 coupon.
For eg. if u got no money to pay your teh-o ais,
how are u going to pay for your nasi ayam ?
This is simple law and common sense.

Defaulted on RM 30 million coupon
also mean sebak must immediately
- return back 25% of 2022 bond
- 25% of 2025 bond
and another 75% later on.

25% of 2022 bond and 2025 bond is about RM 500 million.
RM 30 million cannot pay, how to return RM 500 million now ?
The cash already been freeze
and all asset is being Liquidate.

Any left over,
must use to pay for another 75% bond
= RM 1.5 BILLION with the capital letter "B"


Posted by superrr > Dec 22, 2021 10:53 AM | Report Abuse

If bankers no more supporting SD, do u think it able to survive ?? Gone case ...

Posted by leno > 2021-12-22 11:00 | Report Abuse

RM 30 million also cannot pay
u have to ask sebak bank got how much cash left ?
HAHAHAHAHAHAHAHAH !!

Posted by ǷearlꙌhite > 2021-12-22 11:02 | Report Abuse

.

We anticipate that there will be a welcome party for the Bondholders as newly minted SD shareholders.

Best Private Placement scheme ever.

Don't worry, SD valuation per share still be same even after dilution. Corporate finance already did the modelling.


leno sebak fail to pay RM 30 million coupon
because of this,
sebak has defaulted the 2022 bond (about RM 1 billion)
which automatically mean defaulted 2025 bond as well. (another RM 1 billion)

If u cannot pay bond 1 coupon
meaning u could not pay bond 2 coupon.
For eg. if u got no money to pay your teh-o ais,
how are u going to pay for your nasi ayam ?
This is simple law and common sense.

Defaulted on RM 30 million coupon
also mean sebak must immediately
- return back 25% of 2022 bond
- 25% of 2025 bond
and another 75% later on.

25% of 2022 bond and 2025 bond is about RM 500 million.
RM 30 million cannot pay, how to return RM 500 million now ?
The cash already been freeze
and all asset is being Liquidate.

Any left over,
must use to pay for another 75% bond
= RM 1.5 BILLION with the capital letter "B"

NICE AAAAAAAAAAAAH !!

Posted by BobAxelrod > 2021-12-22 11:06 |

Post removed.Why?

Posted by muhfiq > 2021-12-22 11:06 | Report Abuse

Trust

That is the most important one

If not, can't make it

Posted by muhfiq > 2021-12-22 11:06 | Report Abuse

Time for a new phase

Maybe will see some changes

Posted by muhfiq > 2021-12-22 11:07 | Report Abuse

Anticipate any announcement

Also other risk

Make wise move

Posted by leno > 2021-12-22 11:08 | Report Abuse

if bondholder downgrade themselves to become shareholder
than they will get nothing if the company is liquidated.
U think they are BODO like sebak promoter arr ?

To become shareholder,
first they wipe out all the current shareholders
or current shareholder need to pay them money to remain shareholders.
Which shareholders want to pay bond holder money to remain inside a FRAUD company ?

HAHAHAHAHAHAHAHAH !!

Posted by BobAxelrod > 2021-12-22 11:08 | Report Abuse

Few more days before can hear from Nexia......some announcements (quit)?

Posted by shybutter > 2021-12-22 11:10 | Report Abuse

Serba is trying to get things better now. would be better if they suspend now then create a panic for investors. Its just better for us to hold and hope for the best

Posted by wgvj1723 > Dec 22, 2021 10:27 AM | Report Abuse

When the trading suspension wii be lifted? Any update please. Tq

Posted by Huangbk72 > 2021-12-22 11:10 | Report Abuse

I think otherwise..

Kacang putih's nonsensical post brings me joy and confirms the fact that Im smart


LOL


BobAxelrod I've stopped reading this kacang putih long ago.

She now thinks the Bonds could be converted into Ordinary shares (with Shares Consolidation 50 : 1?)

Bonds are not ICULs....hahahaha

And where will Bursa stand on this? You think you own them?

Posted by mk88 > 2021-12-22 11:11 | Report Abuse

no need to argue
this counter will remain suspended until delisted
some people will pray hard for case closed, no further actions

Posted by shybutter > 2021-12-22 11:12 | Report Abuse

EY is trying their best to get this stuff cleared and good to go. Serba i think they are trying their best to corperate with them as they give more factual findings. It helps the process btw

Posted by BobAxelrod > 2021-12-22 11:12 |

Post removed.Why?

Posted by leno > 2021-12-22 11:13 | Report Abuse

announcing now for protection is suicide for a FRAUD company
they are just inviting another "authorities" to check their FRAUD account.

So, It is much safer letting bank and creditor seize whatever they can get.
and continue to keep the promoters inside the dark toilet.

Posted by Gerrardo > 2021-12-22 11:15 | Report Abuse

True, they are unable to report or have a connection with serba. Thats good tho, they are trying to help and be transparent as possible. not being biased or all.

Posted by i3lurker:
I believe pearlblack, Dishonesty, Riskyinv, conpipi and mine worker are all people with primary school education .......

Thats why they have totally no idea that both External and Internal auditors report to the Independent Directors and not to Management
22/12/2021 9:43 AM

Posted by BobAxelrod > 2021-12-22 11:16 | Report Abuse

Time is not slowing or waiting.....31st Dec......Nexia will have the loudspeaker to say for one and all to hear.

Posted by stockraider > 2021-12-22 11:16 | Report Abuse

Correct loh!

Logical steps is creditors protection

But they chose not to it loh!

Bcos of the reasons below loh!


Posted by leno > Dec 22, 2021 11:13 AM | Report Abuse

announcing now for protection is suicide for a FRAUD company
they are just inviting another "authorities" to check their FRAUD account.

So, It is much safer letting bank and creditor seize whatever they can get.
and continue to keep the promoters inside the dark toilet.

Posted by leno > 2021-12-22 11:17 | Report Abuse

u cannot convert a bond into share of FRAUD company.
U need court order, bursa and sc permission
and all this u need to present the AUDITED account.
Sudah 24 months sebak got no audited account.
No audited account mean cannot tok kok on share consolidation mar.
Right ?

HAHAHAHAHAHAHAHAHAHAHAHAH !!

Posted by 8899EL8899 > 2021-12-22 11:19 | Report Abuse

catch karim children,.........asking karim to return all money belong to serba,........this is the way,.......who is willing to do it?..........

Posted by BobAxelrod > 2021-12-22 11:21 |

Post removed.Why?

Posted by Gerrardo > 2021-12-22 11:22 | Report Abuse

Glad that something is going on here,,,

“There is an ongoing proceeding between the parties herein vide at another KL High Court where, Serba Dinamik herein is seeking, inter alia, to restrain Bursa and E&Y Consulting herein from compelling it from announcing the Factual Findings Update,” he said.

Posted by Beautyseeker > 2021-12-22 11:26 | Report Abuse

Im pretty sure you can read the latest news right. EY is working on auditing this company. In process means still ongoing and still not fully bad enough. Got more stuff to cover up?

Posted by leno > Dec 22, 2021 11:17 AM | Report Abuse

u cannot convert a bond into share of FRAUD company.
U need court order, bursa and sc permission
and all this u need to present the AUDITED account.
Sudah 24 months sebak got no audited account.
No audited account mean cannot tok kok on share consolidation mar.
Right ?

Posted by Beautyseeker > 2021-12-22 11:27 | Report Abuse

Save the company first, then think about the internal problem. the problem in all companies is to avoid bankcruptcy. Serba is doing that too i hope so. Hope for the best

Posted by BobAxelrod > 2021-12-22 11:29 |

Post removed.Why?

Posted by muhfiq > 2021-12-22 11:30 | Report Abuse

What is the process?

No immediate plan?

Posted by 8899EL8899 > 2021-12-22 11:32 | Report Abuse

bob,.......... karim is a crook,....... if you don`t do it this way,.......you can forget about getting your hard earn money back,..........smilling,.....bye -bye to you

Posted by wolfbroker > 2021-12-22 11:33 | Report Abuse

pretty sure they are working with ey still now. Trying to get things settle up so that this suspense could calm down

Posted by stockraider > Dec 22, 2021 11:16 AM | Report Abuse

Correct loh!

Logical steps is creditors protection

But they chose not to it loh!

Bcos of the reasons below loh!


Posted by leno > Dec 22, 2021 11:13 AM | Report Abuse

announcing now for protection is suicide for a FRAUD company
they are just inviting another "authorities" to check their FRAUD account.

So, It is much safer letting bank and creditor seize whatever they can get.
and continue to keep the promoters inside the dark toilet.

Posted by ǷearlꙌhite > 2021-12-22 11:33 | Report Abuse

.
Procedural matters for conversion already accounted for.

The process will proceed, matter how difficult or how long it takes.
.

Posted by wolfbroker > 2021-12-22 11:34 | Report Abuse

Kacang putih has already gone deep down in this forum. idk what makes sense hahah

Posted by shareinvestor888 > Dec 22, 2021 11:31 AM | Report Abuse

Yes, @Huangbk @BobAxel are smart

Posted by @Huangbk72 I think otherwise..

Kacang putih's nonsensical post brings me joy and confirms the fact that Im smart


LOL


Posted by @BobAxelrod I've stopped reading this kacang putih long ago.

She now thinks the Bonds could be converted into Ordinary shares (with Shares Consolidation 50 : 1?)

Bonds are not ICULs....hahahaha

And where will Bursa stand on this? You think you own them?
22/12/2021 11:10 AM

Posted by leno > 2021-12-22 11:35 | Report Abuse

EY say ALREADY COMPLETED SIR
only sebak say EY not yet completed.
Ini BODO punya cakap.

What happen if sebak release EY "not completed" SIR which EY claimed completed ?
Sebak can sue for damage for the completed "not completed" SIR.

But Sebak refuse to release.
Because sebak is doing FRAUD accounting.
If release, then it will become OFFICIALLY sebak is doing FRAUD accounting.

Can sebak sue EY for exposing Sebak doing FRAUD accounting when sebak is really do FRAUD accounting ?
Cannot mar.

So, the safest way for a FRAUD company is to delay and prevent the release of SIR that will expose their FRAUD accounting.

Posted by dianatrader > 2021-12-22 11:37 | Report Abuse

Yeah true, still got chance lah, be optimistic about this one. EY and serba confirm got some disagreement but they are working on it at least.

Posted by Beautyseeker > Dec 22, 2021 11:26 AM | Report Abuse

Im pretty sure you can read the latest news right. EY is working on auditing this company. In process means still ongoing and still not fully bad enough. Got more stuff to cover up?

Posted by leno > Dec 22, 2021 11:17 AM | Report Abuse

u cannot convert a bond into share of FRAUD company.
U need court order, bursa and sc permission
and all this u need to present the AUDITED account.
Sudah 24 months sebak got no audited account.
No audited account mean cannot tok kok on share consolidation mar.
Right ?

Posted by treatshijau > 2021-12-22 11:37 | Report Abuse

verify first
only then act

Posted by dianatrader > 2021-12-22 11:38 | Report Abuse

Who is this pearl putih guy? are they trying to create panic or what

Posted by treatshijau > 2021-12-22 11:38 | Report Abuse

got chance
but need better execution

Posted by treatshijau > 2021-12-22 11:42 | Report Abuse

now need to act
better update, better performance
have time to improve

Posted by BobAxelrod > 2021-12-22 11:44 |

Post removed.Why?

Posted by alieyasmart > 2021-12-22 11:44 | Report Abuse

No news yet right? you dont falsely accuse it too. dont create panic here and there. just follow the latest news

Posted by leno > Dec 22, 2021 11:35 AM | Report Abuse

EY say ALREADY COMPLETED SIR
only sebak say EY not yet completed.
Ini BODO punya cakap.

What happen if sebak release EY "not completed" SIR which EY claimed completed ?
Sebak can sue for damage for the completed "not completed" SIR.

But Sebak refuse to release.
Because sebak is doing FRAUD accounting.
If release, then it will become OFFICIALLY sebak is doing FRAUD accounting.

Can sebak sue EY for exposing Sebak doing FRAUD accounting when sebak is really do FRAUD accounting ?
Cannot mar.

So, the safest way for a FRAUD company is to delay and prevent the release of SIR that will expose their FRAUD accounting.