How to come out with AR if there are common customers with SD which are under dispute by EY and KPMG.
It will take a very brave auditor to sign off

Ms Pucat aka Pearlwhite

Say what you want.
Since you always profess to know SD's plans, ask SD to sue the Edge or anyone giving false reporting.

But ask SD to pay the coupon.
I have mentioned earlier that cashflow will be the death of SD .

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Posted by ǷearlꙌhite > Dec 10, 2021 12:15 PM | Report Abuse

.
(Updated 10th December 2021, 12.15PM)
Now this is progress. Let's see what has been found out about The Edge.

1) The Edge is lobbying Bursa Malaysia to break its own rules.
2) The Edge is lobbying for SC to take action on Serba Dinamik without evidence.
3) The Edge doesn't know who the regulator of the capital market is.
4) The Edge had concealed that RM3 billion of audit discrepancies were resolved in the SIR.
5) The Edge had concealed that audit discrepancies within Malaysian borders were resolved in the SIR.
6) The Edge had concealed that audit discrepancies that had KPMG as external auditors were resolved in the SIR.
7) The Edge had been acting on behalf of the hostile takeover parties of Serba Dinamik to create a negative perception of Serba Dinamik.
8) Jose Barrack's sifu gave feedback that The Edge cannot be taken seriously with poor quality journalism.

Don't worry.
If you read previous posting Ms Pucat aka Pearlwhite is always in the know.
So defaulting on coupon is also part of the game plan of SD.
So is the non disclosure of SIR or AR is part of the game plan.

Now cross default with all banks 'loans are also part of the game plan.
Kaa Boom will finance all projects from his personal pocket.

Last step is to take company to Holland according to game plan and then retired to Sg Buluh resort.

Ms Pucat, please keep up with your posting. Long time did not read fairy tales!!!
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Posted by cctan88 > Dec 10, 2021 12:25 PM | Report Abuse

who is peralwhite?
keep supporting serbdk case.
r u privy to insider news?
r

Flight cancelled

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Posted by iPlay > Dec 9, 2021 12:10 PM | Report Abuse

Today clear to fly.... not take off yet.... hahaha

Hello

R u saying Kaa Boom did not sell any shares in Kpower , SCIB and SD warrants?
........................................................................................................................
Posted by Beautyseeker > Dec 7, 2021 11:36 PM | Report Abuse

I dont think so

Posted by TryMakeGoodBuy > Dec 7, 2021 11:27 PM | Report Abuse

Haha
Isn't that what Kaa Boom is doing.
Selling SD warrants and shares in SCIB before suspension and KPower!!!

OMG!!!
What delusional person is this MS Pucat aka PearlWhite.

EY has already commented that SD is not cooperative and had to go to SC for some documents.
And to the comment that EY only discovered RM1.4 bil compared to KPMG is because SD refused to cooperate with EY to disclose info or documents and hence thus far have discovered RM1.4 bil discrepancies.
It maybe even worse than what is disclosed by KMPG when EY finishes the SIR!!!

Haha
Isn't that what Kaa Boom is doing.
Selling SD warrants and shares in SCIB before suspension and KPower!!!
...................................................................................................

Posted by Prudentinv > Dec 7, 2021 10:38 PM | Report Abuse

If big problem happen, insider will run first.

Haha
What type of low yat mentality is this.
This is what EY discovered to date.
SD was not cooperative.
Otherwise more will be discovered. That's why EY needs to go to SC to get some documents.
Can EY complete SIR if SD refuse to cooperate or get terminated by SD?
If EY dig deeper it maybe even worse than what is disclosed now!!!

When all signs are there showing cancer, the patient and those surrounding people will never believed.
Always hoping that all will be well soon.

The doctors, KPMG and EY, looking at the x ray and say the patient SD showing sign of cancer.
SD and promoters will never want to accept it.

Then more serious symptoms appeared like inability to pay coupon and complete purchase of building of rm24 mil which is only a very small percentage of debtors outstanding.
Patient SD should be ICU.

Of course, SD cannot accept fate and promoters cannot accept the lost of a loved one.
Patient SD also ask for blood transfusion from relatives like SCIB and Kpower. Now both relatives also affected by blood poisoning.

Death is only a matter of time now.
Hopefully, relatives do not face the same fate soon.
But poison is very deep now

Audit accuracy is dependent upon information provided by all relevant parties.
If SD does not provide fully disclosure then how can EY do a proper job.
Please note that EY had mentioned that SD was unwilling to disclose information and EY had to go to SC to get info.
Whatever discovery made by KPMG and EY whether complete or otherwise need to be disclosed as it will affect market price. More so in this case as SD was not willing to provide info.
This is in the interest of all shareholders especially insiders have been transacting in the shares with unfair advantage of knowing the report on the SIR.

Maybe best just get Ms Pucat aka Pearl White to sign off SIR and AR.

Hahaha
Just my Low Yat Mentality thinking

.................................................................................................................
Posted by ǷearlꙌhite > Nov 30, 2021 10:09 AM | Report Abuse

.
Bursa and TheEdge : Is this auditing standards and is it really good for the capital markets?
By Pearlwhite
30th November, 2021 9.45AM

SIR will not come out until SD kaa Boom.

Even if Bursa win case, SD will appeal.
Then another delay.

Nexia is just a smoke screen.
Nexia will not sign off AR until SIR is out.
If out, then KPMG and EY will be sued by SD.
Who u think will win?

My take, SD will die from lack of cashflow soon.
Reflected by the inability to pay coupon and purchase of building.

I suspect bank has already suspended loan facilities as SD's credibility has gone down the drain.
All recent contracts if obtained are just candy floss to divert focus on bad news. Easy to get contracts, just under price

Talk positive about SD.

Yes.
Positive for Covid 19!
Hahaha

Hahaha
What sort of perverted thinking is this.

If SD terminate EY, can EY still do SIR?
Who is going to pick up the tab?
Bursa is just preempting the move by SD.
Who would trust Nexia to do the SIR job being the current auditor.
All SD promoters made noise when EY did the SIR by EY being the auditor for Bursa.

Just my low yat mentality thinking


...................................................................................................................
Posted by ǷearlꙌhite > Nov 28, 2021 9:01 AM | Report Abuse

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By PearlWhite
28th November 2021, 9.00AM

Bursa : Is it a lifeline, redemption or a little of both

What is of intrigue is the following, taken from TheEdge,

https://www.theedgemarkets.com/article/why-bursa-sought-serba-dinamik-...

"It also sought a court order directing Serba Dinamik to complete the SIR with E&Y or in the event of EY's premature resignation or its termination, the court orders the company to appoint an independent reviewer with international affiliation within 14 markets days for the SIR to be completed."

There are 2 parts to this intriguing statement.

Firstly, in the event that the SIR would not be completed by EY, which is what Serba Dinamik has been pursuing, does this mean that Bursa is of the opinion that the EY SIR in whatever status of completion cannot be relied upon? If so, why is it then that the Factual Findings Update be deemed material and relied upon then?

Is this a redemption for Bursa for the way the SIR proceeded with questionable procedural, execution and decisions previously?

Secondly, Serba Dinamik is expected to appoint an independent reviewer with international affiliation. The quickest way and humanly possible way is with Nexia. After all, Nexia is conducting the audit for FY20/21 and would be the logical candidate to investigate what is being currently audited. If so, the SIR can be part of the Auditor's Statement for FY20/21.

Is this a lifeline given to Serba Dinamik to resolve this the quickest and more importantly, with ultimate independence, assurance and credibility?

I certainly see it as a little of both.
.


p.s. Please circulate to the Telegram/Whatsapp group and forums. Thanks.

Jangan risau.

Now Bursa sued SD.
Later SCIB will sue Bursa
Hahaha

Don't worry about Bursa's suit!!!

Things are always according to the plan by as always informed by Ms Pucat aka PearlWhite.

Being suit by Bursa is within SD's game plan.
Just like not paying coupon and forfeiting deposit to conserve cashflow is also part of the plan.

Hahaha

so long SIR not out, AR will not come out.
Nexia come out with AR, then will contradict KPMG and EY finding.
Nexia is also waiting for SIR to complete AR.

Otherwise will open flood gate for SD to sue KPMG and EY.
Nexia will need to proof their finding in court to dispute KPMG and EY

Kaa Boom

Gone.
Which banker in their right mind will want to take a risk to finance KNM!

The hey days of as teruk is gone.

It was the king of contents years ago.
Too many competitors, legal and illegal.
EPF selling everyday

The hey days of as teruk is gone.

It was the king of contents years ago.
Too many competitors, legal and illegal.

Dear Ms Pucat aka Pearlwhite

Now you say not to call names.
Please read your own history.
You are the one who has been doing it.

I also notice the change of tune.
You have been giving all inside news.
Suddenly you seems not too sure.

Let me enlighten you.
Audit Accounts this month end will not come out without SIR.
If account come out without SIR then SD have rightfully sued KPMG and EY.
I think nexia will be more prudent than this.

SD has prevented EY to access its documents and EY needs to go to SC to get documents to complete it SIR.
SD now has taken interim injunction to prohibit Bursa and EY to disclose SIR.

SD has been hit by wave and wave of bad news which are reported by the reputable The Edge.
I think the dead also need to wake up and run and sell to promoters.

Yours faithfully,
Low Yat Mentality

Let me tell you a secret.

EY wanted desperately to take the SIR job because if EY can prove the contradictory to KPMG then KPMG will be gone.
Only there will be top 4 left.
EY will get a big slice of the Malaysian market.

Hahaha
In your dreams!
EY hands were force to do the job as no firm wanted it

He who come and seek equity must come with clean hands.
SD appointed EY and acknowledged by Bursa and SC.
Now SD say illegitimate appointment after 5 months!

The Edge showed fairness.
When SD has other announcement The Edge also gave coverage.
If SD thinks The Edge is telling fibs, please sue them as it is in the blood of SD to do so.

Does not matter whether SD got AI, cough or big contracts.

Go get the cashflow right and pay coupon and building and other creditors.
That will improve perception and get a better bond rating.
Clear the SIR and account also

Dear Ms Pucat

Our reply is as per those in bracket

Posted by ǷearlꙌhite > Nov 15, 2021 8:36 PM | Report Abuse

.
Note : Status the same @1st November 2021. Key focus is to disclose items before 30th November 2021.

@15th November 2021
Details of Key Action Indicators. Lets run the show for the better of SD.

COMPLETED ACTIONS FROM DETAILS BELOW
- Restructure company to greater heights - more contracts/projects, focus on customer. (yes. Need to get more contracts from crony companies)
- Founder's legacy 1 - removed margin call risks till 10 sen and before completion of SIR. ( Need to sell all shares and warrants before public. No shares no margin call)
- Manage cash flow and forecasts. ( By not paying the coupon and forgo deposit on building purchase)
- New financing initiatives will not involve Private Placement. and Rights Issue. (Aduh. Of course No. He will need to pay money in as RI or placement)
- EY will provide finalised SIR to Bursa. (Yes in a long long time more when access is allow to the books to EY)
- Bursa to request SD to announce SIR findings. (As above. Long Long time more)
- Complete 2020 audit and annual report as planned. (Upon completion of SIR. Time one month after SIR)
- Complete 30/9/2020 QR within time frame or earlier (1st draft out by 21/10/2021). (Yes. Final copy in 2025 if lucky)
- Group meetings with asset / fund managers together with re-rating agencies. Initiate re-rating process.. ( Thinking which island to go to. Bahamas? )
- Meeting with current financiers. Initiate re-rating process. (Yes to get a down rating to CCC. Well done)

If suspended until your grand grand sons come out
same as de listed


IPosted by SHQuah > Nov 15, 2021 7:01 PM | Report Abuse

PW and Sslee, can SD be delisted ?

i am committed to make millions!!!
But I did not do it as I did not buy SD
Hahaha
What sort of crap talk

anyone can say price up or down.

But only respected people tell their justifications.
Whether you buy in or not to the justifications is your decision.

Please do not just ramble

kap chai power.

Hurray
Hurray
Hurray

Up 0.5 sen now

Hahaha

According to Ms White
SC action may have affected the going concern of SD.
So we going to see another suit soon!!!

Firstly SC did not want to make public on its investigation.
SD action has push them to make clarification.
If SC is still investigating after so long, then there must be some issues they are waiting for confirmation. Otherwise SC would have discontinued investigation. The documents still with SC maybe used as evidence.

Before conclusion of SIR or investigation, SD may die from lack of cashflow as evidenced by the inability to pay coupon or complete building purchase of RM24 mil. The amount is so small compared to turnover or debtors.

But anyway Ms White always seems to know something inside.
This maybe part of its game plan.
Hahahaha

...............................................................................................................................
In a worst-case scenario where SC seized all documents in all areas, it will definitely impact SD to continue to fulfil its statutory obligations, financial obligations, project and operational obligations. In short, SD’s ability to continue as a going concern is questionable.

Just88

TQ for update

Alenac

If accounting issue is correct, then is criminal action.
You think banks will happily keep the loan.
without financing, u think SD can do projects?

also if the amount under dispute is RM4.5 bil, means u need to reduce your equity by the same amount.
Means negative shareholders' funds.

Furthermore,not like AA with negative shf.
There is not dispute on accounts at AA

I don't think there is a double taxation treaty with Vietnam

Mr Stocksafeplayer

Here there is a lot of nay sayer like me and also a lot of pom pom girls supporters.
Best you don't listen to both side.

Just read The Edge.
It will tell you what is happening.

Just my personal view.
All legal action is only frivolous.
Just buying time.
Karim sold SD when SIR was briefed.
Sold SCIB when about to be suspended.
If you in Kpower, please be careful.

If account is not correct, and bearing in mind this is a project company, the shares are not even worth 1 sen.
All projects will be stalled as banks will suspend facilities.
All debtors will not pay as projects will be delayed and subject to counter suit

Not meeting dateline is a reflection of the management.
Also a reflection of how bad cashflow is ie cannot pay coupon or pay purchase of RM24 mil.
With debtors of almost rm2 bil, cannot even collect to pay coupon and purchase price. Good indication of quality of debtors.
Maybe can get from Kpower!!!

Look at date of announcement.

Posted by solomolo > Nov 13, 2021 1:33 PM | Report Abuse

........

Serba Dinamik dapat 5 kontrak termasuk dari Petronas LNG Complex

KUALA LUMPUR 9 Mac - Serba Dinamik Holdings Berhad (SDHB) dalam makluman di Bursa Malaysia hari ini memberitahu bahawa syarikat itu berjaya meraih lima kontrak menerusi anak syarikat milik penuhnya yang berbeza. Jelasnya, empat daripada kontrak itu mendatangkan nilai terkumpul sehingga AS$99.6 juta atau RM408.8 juta - berdasarkan kadar pertukaran mata wang AS$1:RM4.1025.

Looks like promotion of Hiap Teik over.
Not a word from him,

wonder what happened to KYY??
No write at all!!!

Did he pump and dump?

Wonder why you all say Karim bad businessman.
He can be consider among the best businessman standing tall with Mr JLow.

He managed to get big suiyee EPF, Kwap, Banks to come to support.
He also get many small suiyee in also.
He built such a loyal following until near the cliff suiyee still supporting him.

Last I heard he is talking to Elon Musk to invest as Elon just sold USD5 bil of shares.

All is is due to good planning according to those insiders Pearlwhite aka Ms Pucat and Mabel aka the submarine. Don't worry, all within the Game Plan

Collection from customers to pay coupon??
which customer SCIB?? Kpower??

Yes.
Long ago EY got problem.
KPMG also got problem.
Both learned their lesson.

Now both say SD accounts does not look right.
You think who got problem

EY appointed by SD.
Cannot turn around and say now not qualified.
SC has been investigating SD since May.
EY ask SD for info but SD did not give.
EY asked SC and SC allowed access to the documents.

So tell is EY recognized?
Why SD does not allow EY to documents?

Why does investors think there is still hope?
Not even 1 sen

SC announced that they were investigating SD since May.
Hopefully there is no suspicious inter co transactions with SCIB.
Otherwise the account will be also be red flagged

Mr i3Lurker

Many do not read or know much or rather refuse to acknowledge what is actually happening.
Earlier I have warned that it is not so easy for KPMG to give heads up to Bursa on SD. If they do so, it must have been something so obvious.
Later i said EY will have the same conclusion although water down as all big firms uses the same SOP for audit.
Despite all warning sign, only big boys run.

What ever we say, they are so focus in their beliefs and will not be able to see the reality.
Of course this is further clouded by the pom pom girls who keep promoting

Mr tvz32
Hahaha

Read properly.
I am trying to be cynical.
See all my previous comment on SD


Posted by tvz32 > Nov 11, 2021 9:04 PM | Report Abuse

Wtf @TryMakeGoodBuy said it is good cash conservation by not paying bond coupon. Next time can i tell my bank i will miss my installment because i want to practice good cash conservation? What a joker

AAX has no accounting issues

why you people so harsh on Mabel and Pearlwhite and gang(which as been silence for long time)

They are inside and know the whole game plan.
you can read on game plan.

SD is re structuring to get more business and manage cashflow.
So far so good. No new big contracts and good cashflow conservation by not paying coupon and forgo deposit on building.
SIR completed by cannot release as taking injunction against EY.
Meet financier for re rating ..done with a downgrade to CCC
Need better cashflow management.. need to collection 3% of long overdue debtors of 2bil to pay coupon and building

if debtors are about rm2 bil.
SD cannot even collect 3% to pay coupon rate and pay for building!!!

All I hear from nay sayers are run, bad counter and you are being conned.

The positive sayers have been justifying with facts and figures on future results of palm oil companies.

Please do not just say lousy company without your justifications.
Respect is earned and not given.

Let the investors decide after hearing both side.
Otherwise just empty talk

SD sued KPMG
SD sued EY
How SIR will come out?