. Auditors really terbaikkkk. Put current circumstances on write offs, going concern, and blah blah blah on Bursa/SC. Even blame the deviation on current circumstance.
Oh well, more to come from Bursa/SC on how to solve their mess.
Worst, they cant even lift the suspension, auditors put the SIR a condition as to their opinion.
My next article on Why trading halt of SD will continue into the foreseeable future without recourse.
Serba Dinamik had consistently decided to uphold the compliances with the approved auditing and accounting standards by allowing the auditor to perform their duties without interference and time constraints.
With SC’s charge sheet, the Annual Report 2020 would be considered invalid, no matter the opinion of the auditors, with exception if the auditor’s opinion was that the financial statements were not true and fair. .
PearlWhite, just accept the fact that Karim cooked the books. The sooner you accept the truth, the better it is for your mental health. So much receivables, if really real, then by now should have collected all of them and pay down all their debts.
investorking has deleted his post saying that shorties got conned gao gao and he told them to go and short kpower instead. 30 minutes later SD announced its AR and investordragqueen's post magically disappeared LOL!
All those kept on sharing the list saying EPF still inside, KWSP or is it KWAP still inside....
Told you guys, EPF will sell all the minute a company got audit problem, they will sell until zero. EPF left Serba in June... so many retailers go buy from EPF.
That day when hardcore holders sneered at Awang's exit, little did they knew he would have the last laugh now, a laugh that's worth at least RM200m LOL!
In short, what the external auditor is implying to shareholders, "thank you for the appointment as auditors, however after having conducted the audit and in view of so many current and past issues outstanding, they are court cases, SIR, bond defaults, lack of documentary evidence and also being in the circumstances of appointed late as auditors, Nexia have no or can't form an opinion on the accounts between so and so period.
In other words, the account is not reliable for anyone to make any investment decision.
Read some top 30 shareholders, many retailers pledged securities and bought this counter, no wonder SD will continue circulate the negative news to public, they want to shake away all these weak holders
This is because the list is not up to date. I've been saying long ago not to use that list. but no, people like mabel, pruv all kept on saying EPF still inside.
Alololo.. So cute want to protect bilis.. So saint.. Heart touching.. Hope you are doing the same service for the rest of scam counters in bursa. Kikiki. Finish la pak karim..haiyak..what to say in dubai expo la..better cancel the trip. Save money to buy mask la can tutup muka. Hehe
This is because the list is not up to date. I've been saying long ago not to use that list. but no, people like mabel, pruv all kept on saying EPF still inside. 06/01/2022 9:24 PM
After roughly vett through the audited financial statement which audited by Nexia, the latest net asset per share is 0.7967, still not too far away from 1.04
This is because the list is not up to date. I've been saying long ago not to use that list. but no, people like mabel, pruv all kept on saying EPF still inside.
06/01/2022 9:33 PM
The problem with Bursa's listing is that it reflects EPF's ownership as of 25th June 2021 corresponding to when the EPF sold and held less than 5% of SD's shares. The EPF would no longer have to report shares sold being no longer a significant shareholder.
Anyhow, the deviation of 0.204 value still need to be further verified by the auditor again,that's why disclaimer of opinions, if not SD will sue Nexia kaokao later
NTA of unreliable Serbak post audited accounts is 76 sen on 30/06/2021. Since then there were bonds default and the company cannot fully pay interest. What is the adjusted NTA by 31/12/2021? Will the bondholders go for creditors winding up?
This is truly the end of SD.... investors are hung high and dry.... regularisation plan to pay up 3b debts and keep the biz going is mission impossible....no financiers, no white knight will take risks bailing out SD.... creditors will not cut them any slack since they defaulted even a small voucher payment...RIP.
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....
InsiderShark
454 posts
Posted by InsiderShark > 2022-01-06 20:29 | Report Abuse
EPF gone.... did I read it wrongly? Karim got 0.97% only?