Nope is better sell before suspend. Once suspend already you want sell also can't sell.

By right bursa will approve the 1 month extension for scib. Since bursa also allow sumatec to extend until from last year until this year. Additionally, bursa just approved Serbadk extension. If bursa no approve scib one then even more weird.

What do u think EY can achieve with another month of extension? I don't think will have much to see with 1 month extension either. I am sure karim will miss another month extension too.

Haha what so now scib turn? Really three brother. If u got read art of war , then u know what happened if one ship caught with fire the other ship that were chain together can't escape too. Slowly but surely is really best match to karim situation now

Aiyo now i know bursa is never standing on investor side. How that possible allow five financial report to not be submitted. No worry serbakd still have 3 chance haha

However, as the company's securities have been suspended from trading since Nov 7, 2019, in view of the winding up order against the company, the suspension of trading will continue until further notice," said the bourse.

If the listed issuer fails to issue the outstanding financial statements within six months from the expiry of the relevant time frame, delisting procedures will be initiated.

To date, the company has failed to submit five financial reports since 3QFY19.

Sumatec was last traded at 0.5 sen, with a market capitalisation of RM21.26 million.

Haha sound familiar?

KUALA LUMPUR: Trading of oil and gas company Sumatec Resources Bhd will continue to be suspended after it failed to announce its quarterly report (QR June 2021) for June 2021 by Thursday.

Bursa Malaysia Securities, in a statement on Friday, said under the relief measures to listed issuers amid the evolving Covid-19 situation, the regulator had on June 16 2021 granted a one-month extension QR or the financial period ended June 30 2021 (QR June 2021) for public release.

Bursa of course already know if not so free simply suspend the counter until no further notice meh. Bursa also pretty much aware serbadk personality won't simply release the findings this time based on the first lesson they learnt.

I don't know what he means transpired. Transpired or not bursa decided you should announce then u should follow their order.

Serba Dinamik said what really transpired was that three of its independent non-executive directors had attended the presentation by the special independent reviewer Ernst & Young Consulting Sdn Bhd (EY) on Oct 21 in the presence of representatives from Bursa.

I dare to buy and dare to lose but i don't want karim win the money alone and left us

Ya really following sumatec steps. Same oil company.

Ya true that's the only explanation. Bursa already knew the findings else why bursa simply suspend until no further notice. Set aside why Karim buying back the mother shares. He only bought back the little amount out of the warrant amount he sold off.

He want to do a show only but not managed to do a full show since bursa suspend.

Now karim learn from the mistakes. Die die holding the release of factual findings until they are satisfied.

Bursa already said they don't need the full SIR to resume the trading. Just the facts findings reported by EY alone is enough. Facts findings update is part of the full SIR anyway

The delay is no good for the shareholders at all. Not even single benefit to shareholder except karim.

Lol ok good luck then tomorrow continue no show and will be suspended until next month. See u guys next month

Based on experience, they will always release on last minute. Same for the EY audit assignment as well.

Lol he can't save any of them because this three ship chain together already. Either one caught fire. All the ships will sink. Of course the fire started from serbadk first.

I only know bursa wouldn't simply try to suspend a stock until further notice if possible. Unless is really a serious matter.

Serbadk know the findings don't want to announce. Bursa know the findings and don't want to announce either. This two entities macam play the game themselves.

Just announce la. Waste time. Bursa know the factual findings anyway. What's the point to announce last minute?

Why the price not moving?

Hmm but I think warrant will up faster since is much more cheaper.

No need to see already. It's been 4 month since the kpmg incident. The end result pretty much very obvious.

Remember the keywords "bursa order serbadk to announce the factual findings that were reported to INED". Is another new findings not the old one. Old findings no need to announce because we are aware of that.

Doesn't matter whether kpower and scib audited report is true or not. The focus is on serbadk only. These 3 ship are now chain together due to Awang. 1 ship get caught with fire. The rest of ships will down together.

The best case study for this would be sumatec resources. Same scenario that they failed to submit the QR and suspended until further notice. Don't play play.

Factual findings alone are enough. We don't need the full complete SIR report anyway. Factual findings are part of the complete SIR anyway. Suspension until further notice really is rare to see in Bursa.

Unless is very serious matter else Bursa won't simply suspense until further notice.
Those who are experience in stock market should be aware of this.

This whole week I will just look at serbadk clown show. I wouldn't look at other stock for now.

Genetec didn't cook the account but serbadk is. That's the difference. Law is law.

Lol already got the update from SIR but the CEO decide to hide that. Same with KPMG first round already raised the concern to them but they decided to hide that anyway until kpmg raise to bursa. Whether the SIR at the end will turn out to be bad or good but 100 percent confirm the CEO seriously has integrity issue.

Lets see this is final warning by bursa already. Else will keep suspend until SIR release.

Nope SIR haven't ready but bursa want to stop the trading first before SIR because last time they only halt when the bad news about SIR come out which is too late by then.

Nope not correct. Company will usually request to halt the trading if there are good news like bonus issue or some acquisition. Company can't request halting if the SIR turn out badly.

This suspension is by bursa after they are suspicious on the insider trading.

Actually bursa is not targeting this warrant selling only. You all don't realize this two brothers awang and Karim keep manipulating their shares on hand since the audit issue.

Bursa wouldn't be so kind to suspend for gap down unless limit down.All the clue are already showing by the series of action done by them.

Don't do second guess la. When IB want short by giving low tp just follow them.

Unless u have more money than IB else u are just a small ant in this bloodbath

Use ur brain too. It's never about price. A Lamborghini also expensive lu. U didn't see people stop buying.

Supermax cash rich also won't move the stock. Don't dream. CEO rather go buy house at US than top up the dividend then you see how generous is supermax CEO

To be honest the volume is very small. Big shark is waiting chance to unload. Ini bursa never do anything one.

My parents say don't buy. Buy already chop hands

wow 15 percent

Agree we should allow shorting by retailers in bursa. Only big fish and shark can short. We only can buy up. What's this haha

Wait for Awang transaction announcement better.

People rather buy crypto than the gold which already showing in US market.

Awang is dumping again.

Drop nice wo. Fast fast dump your ticket. I have another batch of money coming liao.

Awang need to goreng to dispose

Been a long time Genting and Genm never issue any bonus. Don't know can wait until that or not if they earning a lot after that.

And somemore this is listing in ACE market. Hope bursa should always take action to the abnormal transactions on those stocks that listing in ACE market.

Definitely Genetec can't even come to a picture when compare with Tesla. That's what IB want actually. Often market got a lot of sifu compare this with Tesla due to they are selling EV battery. Let me tell you Tesla or our future EV won't use the battery here. Not in the history once time the vehicle are using our local battery manufacture in our local country.

Haha you are wrong. Even apple company also don't have x300 PE. You only can compare this to tesla which is x400 now.

The only thing I unsure about Tesla is that Elon musk have a solid history to bailout his own company once the situation no looking good.

I doubt Tesla in 10 years maybe can reach the x400 PE but still Elon Musk might have possibility to bailout if the situation not looking good.

Let's see. Is too big to fail as KPMG

Is a well plan money earning scheme for IB and big sharks. All retailers kena. Only tiny of retailers win. The rest all lost money until don't know where already.