Posted by dompeilee > 2022-04-30 07:34 | Report Abuse

Bursa is now proven 2 be a CAP ayam 4th world market. Clearly bankrupt cos like CAP & Serbakul are allowed to resume trading to allow crooks to RUNNNN.....at the expense of naive newbies.

Posted by Huangbk72 > 2022-04-30 07:36 | Report Abuse

Armada Suay

You mean, you have to withdraw EPF 10k??

My goodness… how broke are you ? No raya money?

Posted by wongchin > 2022-04-30 07:37 | Report Abuse

The return of the PUNPIPI 2017.

Posted by BobAxelrod > 2022-04-30 07:40 |

Post removed.Why?

Posted by zoizai > 2022-04-30 07:41 | Report Abuse

Last shot. Withdraw 10k epf. Kasi all in Serbadk on 9 May

Posted by Huangbk72 > 2022-04-30 07:42 | Report Abuse

Bob.

My thoughts is that Bursa cut some corners in this.

That is not FFU. It’s a 26 page statement. FFU refers to 14 points highlighted by KPMG. KPMG definitely didn’t write love letter.

Bursa just want the minorities to escape from SD. That’s the only reason.

The liquidation move has started. Might as well let the monitories sell before impending “lelong”

Posted by dompeilee > 2022-04-30 07:43 | Report Abuse

SerbaKul(basket case) is another 1MDB...bears naj!s & jholow signature lol

Posted by BobAxelrod > 2022-04-30 07:50 | Report Abuse

Mr Huang, exactly what I wrote up there earlier....."escape hatch" for retailers.

The road has reached its end for SD......winding up by Bankers.

Anyway, who would want to buy now?

Posted by Huangbk72 > 2022-04-30 07:54 | Report Abuse

Hahaha…

According to “some” special ones

KYY, Coldeye, EPF, KWAP, trust funds

Posted by dompeilee > 2022-04-30 08:02 | Report Abuse

Con-grats Mabel...now you can run lol

Posted by 8dragon > 2022-04-30 08:05 | Report Abuse

Hahaha...,why worry, after lifting of suspension and BAU, SD will be making profit in the 3rd Qtr.....

Posted by dompeilee > 2022-04-30 08:06 | Report Abuse

Checked my records...made a little trading in & out of this co. in June '21($146.35) after intuitively avoiding it completely since the listing. Zero holdings now.

Posted by ǷearlꙌhite > 2022-04-30 08:07 | Report Abuse

.
Mmail is managed by DAP spin doctor.
So expect intensie report on SD by them.

Many here are disgruntled PH supporters sulking over the SD fiasco that their elected reprensentatives created and perpetuated.
Like PH, their members brought nothing to the table and destroyed the country.

Spare the righteous mouthing. Results speak for themselves.
.

Posted by wongchin > 2022-04-30 08:19 | Report Abuse

BOBAXEROL is correct. Last chance for minority share holder on 9th may. Make use of this opportunity.

Posted by OrlandoOilSemiconIoT > 2022-04-30 08:23 | Report Abuse

Winning Sarawak Melaka Johor and want to hv GE16 tomorrow....

Do not underestimate the power of the invisible hand...

Posted by piranha88 > 2022-04-30 08:33 | Report Abuse

Escape hatch for retailers or for Karim to sell what he has and collect rm3 million to pay his fine

Posted by BobAxelrod > 2022-04-30 08:37 |

Post removed.Why?

Posted by BobAxelrod > 2022-04-30 08:45 |

Post removed.Why?

Posted by BobAxelrod > 2022-04-30 08:46 |

Post removed.Why?

Posted by BobAxelrod > 2022-04-30 08:48 | Report Abuse

No, no this relisting is not for Karam......it's for Bursa not to face 64,000 angry and boiling retail investors........

Posted by OrlandoOilSemiconIoT > 2022-04-30 08:50 | Report Abuse

PLAYBOOK

Step 1. U hv seen how it worked

Step 2. U hv seen how it worked

Step 3. U hv seen how it worked

Next step... to prop up the share price to restore confidence...

Posted by BobAxelrod > 2022-04-30 08:54 |

Post removed.Why?

Posted by InvestorKING > 2022-04-30 09:00 | Report Abuse

Link below very similar to our current situation

https://www.facebook.com/ChrisI3Invest/videos/310538444529372/

Posted by 8899EL8899 > 2022-04-30 09:01 | Report Abuse

just pray to soften karim heart at this raya time,........to buyout your share at higher price,......minimize your loses,.......remember to sell it,..........this is the last chance for you to escape,........

Posted by 8899EL8899 > 2022-04-30 09:09 | Report Abuse

karim,.....prove that you are good muslim,........show your good compassion to others,.........buy serbadk at good price,..........semoga allah love you

Posted by OrlandoOilSemiconIoT > 2022-04-30 09:10 | Report Abuse

STEP BY STEP.....

Posted by joyvest > 2022-04-30 09:13 | Report Abuse

SD has been let off the hook by AGC against the professionalism entrusted in the SC chairman and his team, which led to the resignation of the Chairman and his team as is widely perceived . To make matter worse, no reason was given by AGC as to why compound was imposed for such horrendous criminal breach of trust for the bunch of clowns and jokers

Meanwhile, Creditors winding up is in the process. It is interesting to see how the Court to react and respond this time round to the application for winding up. The Court is highly expected to be transparent in the process of winding up application unlike AGC . All eyes are on the Court.

Posted by OrlandoOilSemiconIoT > 2022-04-30 09:17 | Report Abuse

Some see this as STEP 1.

Some see this as STEP 2.


joyvest

SD has been let off the hook by AGC against the professionalism entrusted in the SC chairman and his team, which led to the resignation of the Chairman and his team as is widely perceived . To make matter worse, no reason was given by AGC as to why compound was imposed for such horrendous criminal breach of trust for the bunch of clowns and jokers

Posted by Ramakrishna > 2022-04-30 09:17 | Report Abuse

Serbak resume trading on 9 May

Posted by OrlandoOilSemiconIoT > 2022-04-30 09:18 | Report Abuse

STEP BY STEP....

Posted by joyvest > 2022-04-30 09:18 | Report Abuse

On the other hand, all the aggrieved 64,000++ investors with sleepless night for almost 6 months could be relieved and should be appreciative of the AGC to provide them with the " wayout of exit if not exodus " as a blessing in disguise upon lifting of suspension in weeks to come.....

Posted by OrlandoOilSemiconIoT > 2022-04-30 09:22 | Report Abuse

Tis newspaper is wrong

Lifting of suspension has nothing to do with the compound

Lifting of suspension is due to the FFU findings announcement


joyvest

On the other hand, all the aggrieved 64,000++ investors with sleepless night for almost 6 months could be relieved and should be appreciative of the AGC to provide them with the " wayout of exit if not exodus " as a blessing in disguise upon lifting of suspension in weeks to come.....

Posted by OrlandoOilSemiconIoT > 2022-04-30 09:24 | Report Abuse

Am I the only meticulous person in town?

Posted by i3lurker > 2022-04-30 09:24 | Report Abuse

Good solution by BURSA to bankrupt the main shareholders

Posted by madmatts > 2022-04-30 09:28 | Report Abuse

yes.......

Posted by OrlandoOilSemiconIoT > 2022-04-30 09:29 | Report Abuse

STEP BY STEP.....

Posted by i3lurker > 2022-04-30 09:29 | Report Abuse

quite likely lawyers will be standing by with Letter of Demand on the 9th.
already typed and dated, waiting to send out only

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

Who will pick up the shit? 0.005 coming ?

Posted by OrlandoOilSemiconIoT > 2022-04-30 09:31 | Report Abuse

Tis is BAU

But nothing is BAU


i3lurker

quite likely lawyers will be standing by with Letter of Demand on the 9th.
already typed and dated, waiting to send out only

12 seconds ago

Posted by OrlandoOilSemiconIoT > 2022-04-30 09:31 | Report Abuse

STEP BY STEP.....

Posted by OrlandoOilSemiconIoT > 2022-04-30 09:32 | Report Abuse

PLAYBOOK

Step 1. U hv seen how it worked

Step 2. U hv seen how it worked

Step 3. U hv seen how it worked

Next step... to prop up the share price to restore confidence...

Posted by OrlandoOilSemiconIoT > 2022-04-30 09:33 | Report Abuse

Invisible hand does NOT do BAU

Posted by i3lurker > 2022-04-30 09:33 | Report Abuse

so Letter of Demand is to be issued on the 9th of May 2022


Bankruptcy is a process after which a debtor is declared bankrupt by order of the High Court.

The court may make a bankruptcy order under section 4 of the Insolvency Act after receiving a bankruptcy petition from a creditor or the debtor himself.

To be declared bankrupt, section 5 states:

The debtor must be unable to pay his debts of at least RM50,000.00. Before the amendments the amount was RM30K, making it slightly more difficult to be declared bankrupt after the amendments;
The debt must be a liquidated sum, payable immediately or at a specific time in the future;
The act of bankruptcy must have been committed six months before the petition is presented; and
The debtor must be domiciled in Malaysia or must have ordinarily lived or carried on business in Malaysia within one year before the petition date.

Posted by OrlandoOilSemiconIoT > 2022-04-30 09:38 | Report Abuse

Is tis insurmountable?

Refer the compound


this compared to the compound

Posted by BobAxelrod > 2022-04-30 09:40 |

Post removed.Why?

Posted by i3lurker > 2022-04-30 09:40 | Report Abuse

agree
Zhou Gong already gave Executive Order last nite for Petronas to be managed by Serba for 1,000 years.
The initial mobilisation payment for management fee will be RM50 Billion to be paid to Serba in cash in form of RM1.00 notes on the 9th of May 2022.



OrlandoOilSemiconIoT

Tis is BAU

But nothing is BAU

Posted by OrlandoOilSemiconIoT > 2022-04-30 09:41 | Report Abuse

Is tis insurmountable?

Refer the compound


this compared to the compound

Posted by joyvest > 2022-04-30 09:42 | Report Abuse

There could be a deal among SD ,SC and ACG whereby SC reluctantly accepted the compound imposed by ACG on condition that the FFU be signed off by SC to be released ASAP . Hence , exit is provided to the long waiting aggrieved 64,000+++ investors,who should be appreciative of the efforts of all the said three parties to truly embrace of the Malaysian concept of " I help you and you help me ".

Posted by i3lurker > 2022-04-30 09:43 | Report Abuse

margin call bankruptcy Letter of Demand

The procedure as explained by Zhou Gong last nite is

Petronas given free to Serba
and
Serba will then pay Director Fee of RM1 Billion to "wink wink"


BobAxelrod

The "window" of being relisted may be a tiny crack. Retailers have better make up their minds in a week's time rather than to deliberate at the price later on.

Winding up Petition filed would mean the Default had cross the CA1 and CA2 and beyond negotiations. Proof of Debts filed together with Petition and the Crystalization of Charges in Escrows are the RIGHTS of the Lenders/Bankers.

26 seconds ago

Posted by BobAxelrod > 2022-04-30 09:43 |

Post removed.Why?