Posted by neohts > 2022-05-18 14:32 | Report Abuse

Pearl White.......is Karim buying or selling this 2 weeks ?

Posted by Donator > 2022-05-18 14:39 | Report Abuse

@jchin804 beginner dont touch this counter...leave early better

Posted by Mikecyc > 2022-05-18 14:44 |

Post removed.Why?

Posted by Mikecyc > 2022-05-18 14:46 |

Post removed.Why?

Posted by Mikecyc > 2022-05-18 14:47 |

Post removed.Why?

Posted by BobAxelrod > 2022-05-18 14:51 |

Post removed.Why?

Posted by MiaoMiao7 > 2022-05-18 14:56 | Report Abuse

Banker gonna liquidate Serba.
https://www.theedgemarkets.com/article/june-8-fixed-hear-creditors-application-appoint-interim-liquidator-and-serba-dinamiks

Those that think got hidden hands, then why need to borrow money to pay back debt? This is a ponzi scheme. If serba so rich, what happened to their receivables? Can claim and pay back the debt, right?

Unless all are fakes.

Posted by alenac > 2022-05-18 14:57 | Report Abuse

Why today only 156 mill? Yesterday all big holders sold? The end is near?
posted by BobAxelrod > 3 minutes ago | Report Abuse
Ships can only sail out from Port at high tides........yesterday over 1 Billion shares traded was creation of high tide?????

Posted by HungryLokLok > 2022-05-18 15:01 | Report Abuse

so basically they just got out by paying the penalty ?

Posted by williamtkb > 2022-05-18 15:09 | Report Abuse

Popcorn ready for the show.

Posted by jchin804 > 2022-05-18 15:09 | Report Abuse

Any idea of the direction? Will it still increase or its already peak and waiting for downfall?

Posted by sailang_now > 2022-05-18 15:11 | Report Abuse

Guess the music is going to ends anytime can still cut profit before support at 0.15 breaks...even the promoters are only making token appearance....woe betide those still holding the bag...

Posted by alenac > 2022-05-18 15:23 | Report Abuse

Any one of creditors refused to accept the scheme proposed by Serbak, liquidation will be the road to travel. Debt restructuring meant more shares will be issued and no moratorium once issued which will drive the price even lower. Debt deferment meant the creditors are there to collect within the predetermined timeframe, meaning Chef and management work to pay off lenders and scr*w the shareholders. Share value will not improved in the long run. With Chef lack of positive reputations, lenders will probably not defer. So issuing more shares will be the ultimate solution besides liquidation.
Assuming 15 billion or more shares are issued, current holders will have nowhere to sell but 1 sen per share.

Serba Dinamik's counsel Mak Lin Kum also informed the court that a scheme of arrangement was also filed on Friday.

However, the creditors and financial institutions who are petitioners in the winding-up led by Datin Jeyanthini Kannaperan, Benjamin Dawson, Datuk John Clark Sumugod, and Karen Tan informed the court that they have to seek instructions from their clients over the proposed scheme of arrangement.

Jeyanthini appeared for the syndicated lenders, while Dawson appeared for the bilateral lenders including HSBC Amanah, Sumugod for Bank Rakyat and MBSB, while Tan for Hong Leong Islamic.

Financial institutions to give feedback on scheme of arrangement on May 25
Mak informed the court and parties that the scheme of arrangement may involve debt restructuring and debt deferment.
https://www.theedgemarkets.com/article/june-8-fixed-hear-creditors-app...

Posted by joyvest > 2022-05-18 15:27 | Report Abuse

Judging from the reaction of the market , it is unlikely that the Financial institutions would be prepared to accept the scheme of arrangement by 25th May. The scheme of arrangement is believed to be prejudiced to the position of secured creditors. Conversion of substantial debts into equity shares valued at far fetching price , deferral of repayment to longer terms, impairment of certain portion of debts etc etc are all unacceptable to the secured creditors.

Posted by MiaoMiao7 > 2022-05-18 15:39 | Report Abuse

Run before too late

Posted by rr88 > 2022-05-18 15:42 | Report Abuse

Bought 0.155 sold 0.165 profit 1 cent...hu hu....

Posted by cicakman > 2022-05-18 15:44 | Report Abuse

Conclusion run fast fast and don't ever come back.

Posted by alenac > 2022-05-18 15:48 | Report Abuse

Assuming that the scheme of arrangement is accepted by lenders. The next stop would be the Serbak requirement for working capital as in OnG industry requires lots of working capital, who is going to lend them to pay off the current trade creditors who will institute legal actions if no payments are made?
joyvest
Judging from the reaction of the market , it is unlikely that the Financial institutions would be prepared to accept the scheme of arrangement by 25th May. The scheme of arrangement is believed to be prejudiced to the position of secured creditors. Conversion of substantial debts into equity shares valued at far fetching price , deferral of repayment to longer terms, impairment of certain portion of debts etc etc are all unacceptable to the secured creditors.

10 minutes ago

Posted by williamtkb > 2022-05-18 15:48 | Report Abuse

Can 15cents support last until 450pm?

Posted by cicakman > 2022-05-18 16:02 | Report Abuse

Everybody who makes moneys must thanks Karrim.If he didn't cheat ,you got nothing.

Posted by Depeche > 2022-05-18 16:02 | Report Abuse

Will creditors go ahead with liquidation and get back little money or go with SD's proposed schemes and see if they can get back 100%?

Posted by BobAxelrod > 2022-05-18 16:04 |

Post removed.Why?

Posted by alenac > 2022-05-18 16:05 | Report Abuse

Wrong, equal numbers of RM for win and loss, only Karim and gang win.
Posted by cicakman > 22 seconds ago | Report Abuse
Everybody who makes moneys must thanks Karrim.If he didn't cheat ,you got nothing.

Posted by cicakman > 2022-05-18 16:09 | Report Abuse

Those bought before being suspended,need oxygen tanks then.

Posted by BobAxelrod > 2022-05-18 16:11 |

Post removed.Why?

Posted by Depeche > 2022-05-18 16:11 | Report Abuse

Did your pet fish laugh when DK and others were not jailed like u highly anticipated? Or did it die from depression?

Posted by 8899EL8899 > 2022-05-18 16:13 | Report Abuse

assuming pak karim bought serbadk shares at average 10cent per share,......today price at 16cent,.......if they exit today,......how many share can they sell,.......how much profit can they make,......VERY LITTLE, INDEED,......not worth playing it,.......Pak karim have to take serbadk to minimum 50cent level to make profit,.....bigger gap to sell down,........

Posted by BobAxelrod > 2022-05-18 16:14 |

Post removed.Why?

Posted by cicakman > 2022-05-18 16:19 | Report Abuse

Say Chisssssssssss......
Karrim not only good in cheating numbers but also good in cheating stock market.

Posted by neohts > 2022-05-18 16:20 | Report Abuse

Syndicate may push one more round to 22 cents in order to run or change hands.

Posted by Depeche > 2022-05-18 16:21 | Report Abuse

Before the curtain falls,
best stay on the sidelines.... buying SD shares is high risk...use spare cash only please...dun use retirement funds.

Posted by 8899EL8899 > 2022-05-18 16:24 | Report Abuse

look at CHHB,......might be golden opportunities tomorrow,........good time to buy

Posted by nich0las > 2022-05-18 16:28 | Report Abuse

No win money say ppl cheat. Apalah..... If you win, sure will ignored here.

Posted by oskchoon > 2022-05-18 16:32 | Report Abuse

CHHB - Unusual Market Activity | https://www.klsescreener.com/v2/announcements/view/3549237

Posted by alenac > 2022-05-18 16:33 | Report Abuse

Looks like the syndicate is supporting the price at 16 sen. Their profit-taking is not over as yet.

Posted by alenac > 2022-05-18 16:36 | Report Abuse

I am not aware that he has got lots of collectibles. What I know is he has got lots of other oil majors' rubber stamps.
joyvest
Well, SD doesnt have to resort to external borrowing for the working capital . SD could make use of their internal fund collected from the receivables ( tons of money awaiting to be collected as claimed ) and/ or could issue right issues assuming all the existing shareholders would support to subscribe otherwise SD will plead the Government to subscribe through GLC or Government Investment arms by hook or by crook ( you know what i mean ). The circus of show will continue....

14 seconds ago

Posted by Mabel > 2022-05-18 16:42 | Report Abuse

nich0las No win money say ppl cheat. Apalah..... If you win, sure will ignored here.
18/05/2022 4:28 PM

Nicholas very smart..

Many cry babies here are losers..

Most winners don't make noises..

Very simple yardstick..

All wants to be the hero..

Mostly end up being the 7 Dwarfs..

After the hard days work, this Battleship so steady..

To Our Success

Meow Meow Meow

Posted by DickyMe > 2022-05-18 16:45 | Report Abuse

Will they sue the judiciary next if the outcome is not in their favour?

Posted by joyvest > 2022-05-18 17:05 | Report Abuse

Well, SD doesnt have to resort to external borrowing for the working capital . SD could make use of their internal fund collected from the receivables ( tons of money awaiting to be collected as claimed ) and/ or could issue right issues assuming all the existing shareholders would support to subscribe otherwise SD will plead the Government to subscribe through GLC or Government Investment arms by hook or by crook ( you know what i mean ). The circus of show will continue...

Posted by CUTLOST > 2022-05-18 17:08 | Report Abuse

No worries 2Mrw gap up again

Posted by wayne123 > 2022-05-18 17:22 | Report Abuse

Popcorn time. SD is mooting for 2 special purpose vehicle. SD Restructuring 1 Sdn Bhd and SD Restructuring 2 Sdn Bhd.

Posted by wayne123 > 2022-05-18 17:31 | Report Abuse

SD's proposal is mad. The earliest they would be able to repay is 2024. They are saying they might need another 2-3 additional scheme of arrangments since this first scheme will only deal with 15% of the debts. And this 15% too will be paid in 3 instalments.

Posted by warrenG > 2022-05-18 18:02 | Report Abuse

SD need another debt to pay for their business, all their receivables are not real how to turn into money, after being caught into accounting fraud theyve turned into loss making company cuz they cant tipu anymore, and there is not much real business, most of their dividend is from selling their own shares and debt.

Posted by bojed > 2022-05-18 18:18 | Report Abuse

"KUALA LUMPUR (May 18): The High Court on Wednesday fixed June 8 to hear the application by creditors and financial institutions to appoint an interim liquidator for beleaguered Serba Dinamik Holdings Bhd and its subsidiaries and also for the company's application to cross-examine the winding-up petitions filed late last month."

https://www.theedgemarkets.com/article/june-8-fixed-hear-creditors-application-appoint-interim-liquidator-and-serba-dinamiks

The frying pan is glowing red right now. Yikes!

Posted by HowDareYou > 2022-05-18 18:27 | Report Abuse

Karim got very strong backend, i strongly believe serbadk will be given 2nd chance to restructure the debts only

Posted by Depeche > 2022-05-18 18:27 | Report Abuse

Red hot date on 8/6.

Posted by Boneka > 2022-05-18 18:55 | Report Abuse

Semua on track...pasti kaw-tim!!!

Posted by Depeche > 2022-05-18 19:22 | Report Abuse

19/5..... to propose schemes to creditors with 100% repayment.... interesting

Posted by ronnanua1 > 2022-05-18 19:34 | Report Abuse

limit up soon no matter what its UMNO counter wont die

Posted by colin888 > 2022-05-18 19:39 | Report Abuse

Hmm, Are you sure? Renong was UmNo and was pronounced dead!