Patimas unable to issue accounts by today

Publish date: Tue, 31 Jul 2012, 10:18 PM
The Board of Directors of Patimas Computers Bhd announced today the company will not be able to issue its annual audited financial statements (AAFS) for the financial period between Jan 1, 2011 and March 31, 2012 by July 31 (today).

This is within the relevant timeframe of not more than the four-month period from the close of the financial period from Jan 1, 2011 to March 31, 2012, it said in a filing to Bursa Malaysia today.

The reason for not being able to issue the outstanding AAFS within the relevant timeframe is due to the unresolved accounting, audit findings and queries on the company's accounts, it said. -- Bernama

Labels: PATIMAS

Discussions
Be the first to like this. Showing 11 of 11 comments

szewei

omg

2012-07-31 23:32

gray

what issue accounts? reporting accounts?

2012-08-01 00:30

Mat Cendana

So the request for suspension wasn't to announce something good then? And many had jumped in to buy on the assumption it was going to declare a big contract or something of this nature.

2012-08-01 00:45

RazakAb -

what happen to the accounts? ada apa-apa ke?

2012-08-01 07:32

richman

these cos needs to be delisted

2012-08-01 10:33

richman

soon will be suspended same like keywest

2012-08-01 10:34

akuree

otai-otai sekalian help us at this counter...anybody know about this countar???

2012-08-01 15:07

Mat Cendana

Sounds something like the financial accounting irregularities as had happened to Silver Bird. http://biz.thestar.com.my/news/story.asp?file=/2012/8/1/business/20120801091946&sec=business

I haven't looked at its financials yet so I don't have an idea what its situation is. As richman has said, there's the *possibility* it might be suspended. On the other hand, if it manages to get an extension or whatever concession from BSKL (or is it the Securities Commission), it might see a rebound.

You will have to evaluate the reward-to-risk ratio: if you are comfortable, there might be some money to be made. If not, it's better to stay out. After all, there are HUNDREDS of other companies on BSKL.

2012-08-01 15:15

akuree

ok tq for the advc Mat Cendana saya hargai...so better to stay from this counter...

2012-08-01 15:51

richman

it will be suspended on 8august unless it gets its thew auditors certification

2012-08-01 15:53

ranjau

how come meh patimas can go very high today? any news?

2013-01-13 02:16

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