Posted by koowakzai > 2022-03-30 14:26 | Report Abuse

Thor85. Ur remarks is senseless. How can u relate the management to religion? It is just personal greed that cause this. Ntg to do with religions.

Posted by ǷearlꙌhite > 2022-03-30 16:09 | Report Abuse

.
The "rubber stamp" allegation can be considered an abuse of qualified priviledge and defamation.

There are many companies that have their vendor/partner stamp in their companies as these vendor/partner have full time representatives sitting in those companies. Very typical in OnG companies.

As I have been saying all along, using Bursa's affidavits to make sensational headlines will get you into trouble sooner or later.
.

Posted by Huangbk72 > 2022-03-30 16:30 | Report Abuse

LOL

Such nonsense again from Kacang Putih.

So every OnG companies will have 50-100 rubber stamps of their suppliers and clients in their office?

And the mighty Petronas will have several hundred rubber stamps of other companies ???

Think before you type.. its an abuse of our intelligence.

Posted by paulthesotong > 2022-03-30 17:14 | Report Abuse

@PW... be a good guy.. PLS call SC n let us know!!!

Posted by MiaoMiao7 > 2022-03-30 18:08 | Report Abuse

What kind of logic is that? Normal to have other companies stamp in another bigger co? Like this why bring IC to bank, they surely have a copy of our ic in the bank. Why bring passport? Airport so big, they sure got a copy of our passport…

Pearlwhite really lose money until lose the brain cells.

Lets say if really this is the norm, karim go use the stamp of petronas, who gonna sign the document? Still need to sign, right? If the representative need to sign, he might as well bring his own chop.

Good lord, u seriously need to see doctor

Posted by superrr > 2022-03-30 20:01 | Report Abuse

There are already many condition that meet PN17....Pearlblack don't talk nonsense go to sleep.....

Posted by superrr > 2022-03-30 20:06 | Report Abuse

Mabel sudah lari kaut kuat from here only pearblack still bragging around ...

Posted by superrr > 2022-03-30 20:13 | Report Abuse

Fake A/C =PN17, Bound defaulted = PN17, Funds fell by 70%= PN 17, A/C not approve by auditor= PN17... ....etc....some more ....

Posted by SHQuah > 2022-03-30 22:54 | Report Abuse

When is the next court case date for FFU ? Keep on delay until no end.

Posted by Vicky > 2022-03-31 09:18 | Report Abuse

What Friend F'ck U ? Come on...stay cool. No FFU. Just drop and move on as E

Posted by Vicky > 2022-03-31 09:19 | Report Abuse

What a pity E

Posted by Vicky > 2022-03-31 09:20 | Report Abuse

E

Posted by RexKing > 2022-03-31 09:58 | Report Abuse

What can you expect from a company that have its customer and supplier stamps in its office? Nothing and is just a scam company to tipu bank guarantee.. Left hand to right hand and right hand to left hand.. This pearlwhite maybe money stuck inside and had lose his mind or a paid promoter by SD.

Posted by LongTermInvestor8 > 2022-03-31 10:43 | Report Abuse

It makes me wonder why these banks did not verify some of the invoices and projects. They could have easily spotted something is off, how many of the clients' invoices was fake out of the 11, was it 10? if 1 out of 11, then I understand, but so many are fakes... goes to show the banks themselves never even verify these transactions.

Posted by ahot75 > 2022-03-31 12:39 | Report Abuse

haha, he said having supplier's / customers stamps is normal.....gila....
hey, what about having other's company Purchase Order/DO in microsoft excel sheet format , normal too?
what about paying the your supplier/ customer's company incorporation fee is normal?? god....Please go and read in the article again. It is sighted in court documents...

Posted by ahot75 > 2022-03-31 12:41 | Report Abuse

PW, Isn't fatigue to defend such an obvious fraud? haha...

Posted by AlsvinChangan > 2022-03-31 13:22 | Report Abuse

SC n BURSA tak boleh buat apa

Both impotent

Posted by vcinvestor > 2022-03-31 13:34 | Report Abuse

I think the most impotent are all the ones here still holding serba shares lo. Can't sell can't buy can't live can't die. Just wait

Posted by paulthesotong > 2022-03-31 14:23 | Report Abuse

' Transactions with NAFTECH and EDARAN KEJUTERAAN [Supplies] listed AS TRADE CREDITORS In FY2020 AMT TO RM169.05 M. " . Are these guys true vendors or cons?

Posted by CUTLOST > 2022-03-31 17:08 | Report Abuse

Serbadk jadi Sebak

Posted by EVO118 > 2022-03-31 20:22 | Report Abuse

Two sides of the coin: Lending an ear to Serba’s side of the story
By FocusM
03/29/2022
in Business.
https://focusmalaysia.my/two-sides-of-the-coin-lending-an-ear-to-serbas-side-of-the-story/

Posted by LongTermInvestor8 > 2022-03-31 20:30 | Report Abuse

EY and KPMG both said Serba is not cooperating with the auditing and investigation, hide documents, slow replies, ignore them, dont give the docs they request.... how to sign off? karim and serba only wants to buy time.

After May sure JM take over, maybe the new management will release the SIR. I want to see all the dirt.

59 stamps of other companies in a box. dont play play. got template of invoices of their vendor in their comp somemore... what else? i remember serba bring some mysterious encik to see kmpg claiming to be from xxx vendor. fake people. what else is fake?

Posted by Yu_and_Mee > 2022-04-01 09:50 | Report Abuse

when will this SD resume trading?

Posted by DannyArcher > 2022-04-01 10:54 | Report Abuse

never. karim will never allow it to resume... unless new JM took over and release the SIR. by then, probably after May and defaulted on their bond again.

Posted by joyvest > 2022-04-01 11:13 | Report Abuse

keep it simple. the BOD is responsible for the maintenance of the books and records of SD. EY consulting is engaged to confirm the veracity of the irregularities detected by KMPG. It is not the responsibility of EY for the irregularities but SD hence SD should sign off the FFU instead of EY .

Posted by RexKing > 2022-04-01 12:26 | Report Abuse

Most of the SD holders are gamble traders.. They already understand SD issue but still buying low selling high but big volume.. But once the SD suspended their profit and capital stuck inside and start blaming here and there.. Habis hancur.

Posted by HalaHala_Share > 2022-04-01 15:49 | Report Abuse

Okay lah, let's assume SD didn't fake the AR, they have a huge lubang need to fill in. We all know the credit term for SD is low and its hard for them to borrow money right now to survive this hardship.
Its harder for them to even do their business in 30 days payment terms as many supplier are aware SD have problem with cash flow and will not risk themselves to sell the equipment or item unless in Cash term. Just a few cents from a friend who work in O&G. They are scare of dealing with SD when it comes to 30 days payment terms.
For those who still have hope, its better for you to buy the share and become the boss and manage this company to survive the period. I would say 80% risk and 20% reward. If SD do survive this time, most probably it will take quite good years for the share price to bound back and not to mention the lost of opportunity cost.
Good luck & Bon Voyage in Malaysia Stock Market

Posted by DannyArcher > 2022-04-01 22:34 | Report Abuse

https://focusmalaysia.my/serba-serves-the-edge-with-letter-of-demand-for-defamatory-articles/

Sue theedge.... who will they sue next? i3? sue sue sue to hide the truth.

Posted by zoizai > 2022-04-02 07:57 | Report Abuse

Wah u guys still active here. I have earn back losses from other counter. Pls move on. They are hundred of counters . Dun put all eggs in one basket.

Posted by RexKing > 2022-04-02 09:52 | Report Abuse

Since SD like to sue here and there just sue The Edge and let the court and public to know who is telling the lie.. There is no credibilility for this company anymore only fool will believe this company again..

Posted by DannyArcher > 2022-04-02 10:39 | Report Abuse

knowing theedge, I bet theedge saw this coming and probably have another article ready with more juicy news.

Posted by paulthesotong > 2022-04-02 11:35 | Report Abuse

Was AtuK in Dubai?. Why investors want to trust him again?

Posted by paulthesotong > 2022-04-02 11:50 | Report Abuse

" the authority found 59 company and personal stamps of external parties in a box" How much per stamp? 10 bucks...in merry 600 bucks can ' CON' in millions... cool chill !!!

Posted by DannyArcher > 2022-04-02 11:56 | Report Abuse

am curious if there are any misuse of money, like say buy watches, spend on prostitute, or buy sports car and bungalow for personal use....

Posted by gohkimhock > 2022-04-02 12:22 | Report Abuse

the new auditor must check each of the sales and purchase invoices and verify them accordingly.

Posted by RexKing > 2022-04-02 13:44 | Report Abuse

SD want audit companies to follow his rules how to check as it mention he is the one who pay the fees and he is the boss. If SD smart enough better open a global audit company follow his rules no need duplicate customer and supplier stamps and kena himself and lastly also fooling itself..

Posted by Ravi Kumar > 2022-04-02 22:34 | Report Abuse

Kalau tak buat salah why want to run away? Sue EY, KPMG, The Edge ad SC just to hide. When companies share the same building isn't this red flags????

Posted by paulthesotong > 2022-04-03 08:48 | Report Abuse

CHARLATAN BOD. Imminent - cash flows also go up n buy Building for 24.2m...eventually foifeted deposit 2.42m n million lost on legal fees..

Posted by paulthesotong > 2022-04-03 09:21 | Report Abuse

At least give these lost money to Shds as Touch n Go voucher .maybe majority will give u Like.

Posted by DannyArcher > 2022-04-03 10:22 | Report Abuse

1 more month to go for the 9th May 2022 bond.
https://www.bondsupermart.com/bsm/bond-factsheet/XS1900582476

like donald trump said... billions and billions and billions of.....

GG. already cross default, but this will the last straw that break karim's back.

Posted by Dragonflies123 > 2022-04-04 09:30 | Report Abuse

let it bring to the high court....bla..bla.. nvr ending

Posted by MamakKutty > 2022-04-04 09:49 | Report Abuse

so, how many Purchase Order/Invoices serbak stamp sendiri?

Posted by HalaHala_Share > 2022-04-04 11:37 | Report Abuse

SC and BURSA have no right and power to question the "59 company and personal stamps of external parties". It's is up to the Police whether they want to take any action or not.
Morally owning the stamp/chop is wrong, but hey, it's Malaysia. What'd you expect?
FYI, in some practice if the company boss have "relationship" with Sxxll and Petrxxxs, they do make these stamp and get the acknowledge from client(sxxll/petrxxxs) and sign/ chop on behalf for them.
And to be honest, owning 59 rubber stamps won't cause you any big problem unless it's proved that there is a lot of fake invoice and PO coming from the SD using all these fake chop and stamp.
Like I said 80% risk 20% reward.
"Everyone charged with a penal offence has the right to be presumed innocent until proven guilty "
Anyway, we're all here for popcorn just chill and enjoy the show. ;)

Posted by Sslee > 2022-04-04 13:16 | Report Abuse

In Malaysia it is only crime if you are unlucky to be caught. And you are still free even high court and appeal court verdict is you are guilty as charged.

Posted by fms016 > 2022-04-04 13:43 | Report Abuse

Wen trade resume? Take too long the process..just takeover the co from current ownership and charge them for fraudulent..

Posted by Sslee > 2022-04-04 14:01 | Report Abuse

Money conficated also can suddenly disappear what are rubber stamps?? It will just melt away because of air-con malfunction.

Posted by Yu_and_Mee > 2022-04-04 14:11 | Report Abuse

when to resume trading? Wanted to see how the price goes

Posted by RexKing > 2022-04-04 14:20 | Report Abuse

Go SD HQ find Si Karim ask him to release the FFU only can resume trading or waiting to be delist..

Posted by Yu_and_Mee > 2022-04-04 14:25 | Report Abuse

delist or resume, i think they should give us a direction

Posted by AlsvinChangan > 2022-04-04 14:26 | Report Abuse

FFU written by EYC
EYC refuse to sign FFU

SD is not hiding FFU
SD did nothing wrong