Karim force selling everyday. Viscious circle. Spiral down. Down a bit, margin breached, force selling. Force selling causes it to go down a bit. Then margin call again until ZERO.
serba going to RM0. no bankers will ever borrow them money due to fraud. they are not a net cash company, never had a positive cash flow... impossible to survive.
Lets's buried Serba-dick and his con-man gang especially Karim to grave. Karim is a cheater. Once a cheater, always a cheater. Karim only deserved in the jail.
The way it goes, it can tell you one thing. Creditors are on loggerhead with SD and have yet to reach consensus.....all the signs are harbingers of more downpours to come .....
but remember...Sarawak Gov Invesment arm also got share in SD...do all thing,..their wan this com lingkup..don thing so..Swk Gov will get their hand to help
Only PearlWhite thinks EPF and KWAP still got shares in Serba via hidden proxy. What is this? 5 years old playday school? Hide here hide there... EPF is professional. When they see fraud, they leave, what hide behind proxy....
Something weird on the announcement, it didn't shown before and after translation of balance shares ?
DATO' DR IR TS MOHD ABDUL KARIM BIN ABDULLAH 28-Jun-2021 Others 46,300,000 Direct (units) 772,565,170 Direct (%) 20.83% Indirect (units) 0 Indirect (%) 0.00% Total (units) 772,565,170 Total (%) 20.83% Date of Notice 20-May-2022 ---------------------- DATO' DR IR TS MOHD ABDUL KARIM BIN ABDULLAH 20-May-2022 Others 5,149,800 .Direct (units) 772,565,170 Direct (%) 20.83% Indirect (units) 0 Indirect (%) 0.00% Total (units) 772,565,170 Total (%) 20.83% Date of Notice 20-May-2022
Some state government was said to have face losses in this penny stock , only those who are stuck in high price and ikan bilis remain vigil in this counter
heavy support at 0.10 in the hope of surging when there is a breakthrough in the Creditors meetings on the repayment scheme but it is very unlikely to be acceptable to the creditors.......
in order to revive, SD is in need of the funding as working capital and long term capital. Who would provide the funds to SD and or the bunch of clowns and jokers after they have screwed up their reputations? No external funding and Public funding are forthcoming , SD is sure to be bleeding to death.
On this basis, the financial institutions/secured creditors would rather recover their debts by liquidating the company fast and furious . The longer the creditors wait, the higher the risk of bad debts............
Bankers are doing business and not charity. Which bankers so brainless will accept repayment scheme from con-man Karim and his con-man gang. If Malaysia gov bail up serba-dick, the gov is brainless. Serba-dick is different from Sapura Energy, where Serba-dick falsifying account to cheat investors and Sapura Energy just having huge lost not falsifying account. Loss and gain in business is normal especially during covid pandemic.
Difficult to obtain financial loan nowadays, I wish to get bank loan for third house also rejected even though I don't have any outstanding loan to serve.
Karim think he is still kids, cheating (falsifying) is ok and can be forgiven. He never think how many victim into his scandal. He should go to jail. If in Hong Kong or Singapore, he (Karim) already in jail makan nasi kari free of charge.
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....
CUTLOST
5,178 posts
Posted by CUTLOST > 2022-05-24 08:57 | Report Abuse
Get ready bod