JovaneChua opps, bob, it seems like 0.43 are all sold out. opps, i feel sorry for you. maybe you are just one of the so high in uncle's mouth
23/07/2021 4:59 PM

As I said, I will have nothing to do with any company where Karim is involved.

However, I will consider Serba when the BoD steps down and the damage it has done to the company is fully known.

JovaneChua next week will just up like no tmr. byee, losers
23/07/2021 4:45 PM

Yes, I'm a financial loser because of Serba. In at 1.6 out at 0.97. I will not consider any company that has Karim in the BoD.

However, just reflect on your previous predictions, so far you have a 100% failure rate of them coming to fruition. I guess you are a loser too! And, obviously completed your apprenticeship as a Fanboy.

PSAi3alert I was beginning to feel sorry for Serba and Karim, and was contemplating to stop publishing my findings. Really.

After reading your comments and accusations, I'm reminded of Serba's arrogance.

I am now motivated to continue in my pursuits and will not stop until the Fat Lady Sings!

A strong smell of burning books coming from the kitchen!

Steady Punpipi Karim and team has expediate the progress to the next level ....the share price shall follows
22/07/2021 7:20 AM

Remember this post? You should, it was this morning.

Karim and his team have expedited the share price further down. Remember, it started at RM2+ then down to RM1.6 and then....PN17

beinvested PSALM 55 - 22 Cast your cares on the Lord
and he will sustain you;
he will never let
the righteous be shaken.
23 But you, God, will bring down the wicked
into the pit of decay;
the bloodthirsty and deceitful
will not live out half their days.

But as for me, I trust in you./// Hallelujah. AS MENTIONED in V23, it means the wicked ones...like the murderers, thieves, liars, cheaters,...would only can complete HALF of the days as arranged initially by the Giver of Life.
21/07/2021 10:16 AM

UnClear_Lim the lying dogfish is giving the sign of the beast!

Uncle_Lim 666
21/07/2021 9:57 AM

Steady Punpipi He mentioned Karim face fortune will face some business hurdles and conspiracy human issues at workplace and also competitions conspiracy ...there will be a savior star and this star will
appear and shines all the negatives aura out and things will work out in favor for SDK . Hahaha ...I bet some critics will say otherwise ...

My wife reads Tarot cards, Serba is doomed

As predicted by RR88 several weeks ago, Serba's share price will go sideways and slowly slide down until EY confirm KPMG's findings when it will plummet to PN17 and oblivion

Steady Punpipi Today a few Big Institutional accumulating at 0.425 and they are well aware that they don't buy to lose money.....simple logic hahaha
22/07/2021 6:43 PM

Show us the link.

As previously stated you are so full or unverified / unverifiable statements.

I see you are trying to make up in volume of posts what you can't achieve in quality.

Steady Punpipi Wongchin with your rude and outcast personality I think you are right WHY your broker don't pay much attention to you ....my simpathy ...pls do more good and watch your manners in future to gain more good karma...so so sad ...hahaha
22/07/2021 6:45 PM

Wow, UnSteady ConPeepee. You really are the kettle calling the teapot black.

You are truly the most toxic person on this chat.

pearlwhite .
Immediate if possible, but in practice 24 hours max if on a weekday or 3 days if transactions fall near weekends.

But, since this person can see Karim's buy sell activities even before announcement is put into Bursa system, it then suggests that he is ???

Your guess is as good as mine.

Given the state of Serba's share price, you would expect an announcement to be immediate to give the Fanboys something to cheer.

Anyway UnClear_Lim the lying dogfish has previously been verified as a liar.

pearlwhite .
bobvic.

Give it till next Tuesday for Bursa annoucement to come.

Innocent until proven guilty.

Got announcement also die, no announcement also die for that person.


What are the boundary conditions (days) for a Bursa announcement? Can't they make it immediately?

Uncle_Lim Karim bought again at .435
21/07/2021 9:27 AM

No Bursa announcement?

You are still the lying dogfish

bojed Focus Malaysia has updated the news regarding the appointment of new external auditor with a new insert.

"Editor’s Note: FocusM has just been informed by Serba Dinamik Holdings Bhd that the appointment of its external auditor can only be executed “within a week”, hence the amendment to the original headline and certain part of the content below."

https://focusmalaysia.my/serba-sets-to-appoint-its-external-auditor-wi...

It's the same link as the one that was shared by many in this thread yesterday, but they included a new editor's note pre article later.

This is really unethical of Focus Malaysia. They should've made a new announcement regarding the "technical error" instead of slyly inserting the editor's note after their report has been widespread.


Focus Malaysia, Air Times, etc. are paid advertorials full of innuendo and conjecture, usually written by Cheah Chor Sooi a PR consultant. Serba appear to have decided their own futile attempts at PR (5th May slide show, the PR, etc.) have only reliably shot themselves in the feet and therefore enlisted a professional.

Maybe they will fire their other crude attempt at PR, UnSteady ConPeepee (aka 7chewe)

7chewe 1.New INEDs and External auditor

https://focusmalaysia.my/serba-to-rid-2-burdens-off-its-chest-soon-new...

2.Share BUY back by Pak Karim

https://focusmalaysia.my/serbas-founder-doesnt-want-to-miss-the-fun-in...

3.Appointment of New appointment of external auditor today or latest tomorrow

https://focusmalaysia.my/serba-sets-to-appoint-its-external-auditor-wi...

4.Now awaiting IR results before July end, latest by next week

5.Awaiting new external auditor for audited account by OCT 2021


YEAH financially, what Pak Karim promised to resolve this, and bring SDK back to its GLORY shall come true…

ERMmmmm HOLD while enjoying the RIDE!
Pak Karim have proactively taken the RIGHT STEP, and he will continue to do so!

MORE good news is COMING...


The first two links are not news, dated 6th July and mostly the "predictions" still haven't come to fruition other than Karim buying 45% of the shares he was forced to sell. "Buy-back" means Serba would buy and either delete or hold shares, not purchases by individuals.

The last link is already slipping, yesterday was "in one or two days".

Read PSAI3Alert's posts. Maybe you decide to sell, sell, sell

PSAi3alert TROUBLES IN TANZANIA - continued

This request invariably that there is no existing Chlorine Chlor-Alkali plant in Msufini area, Kibaha district coast region of Tanzania.


--->>> The Chlorine Chlor-Alkali plant in Msufini area that was supposed to be built in 2018 never happened

--->>> Given the above, Serba will need to write off RM111.113M for the investment in the project; and the RM194.813M receivables that will never be recoverable.


--->>> A total of RM305.926M has to be written off the books for the Tanzania project

That's not just a little slip of the typist!

PSAi3alert TROUBLES IN TANZANIA - continued

The links under item 2 are "page not found". The '-0' needs to be included in the link

https://tanzlii.org/tz/judgment/high-court-tanzania/2020/3671-0

https://tanzlii.org/tz/judgment/high-court-commercial-division/2019/157-0

You have to add it manually

pearlwhite .
10million shares dumped at 43sen in 10 secs.

dont listen to those who say accumulate and buy this and that

Probably Kadier getting his money out like Roslan in SCIB

Steady Punpipi (aka 7chewe) Relax and chill...this is not a get rich quick counter ...heavily monitored by sharks ...it will rise when the time is right . TP rm1.60 in 2 yeras....buy and hold. Pls no margin or con

UnSteady ConPeepee:
Do you remember these posts? I believe the first one, dated 1st June 2021, is your first post on the Serba chat:

Posted by Steady Punpipi > Jun 1, 2021 7:47 PM | Report Abuse
Sapurna , Knm , Velesto, Alan.....new joiner Serba D..dun sell lower than the rest ya


Posted by Steady Punpipi > Jun 1, 2021 9:35 PM | Report Abuse
Careful no quick gain instead quick lost ....trade with care

Posted by Steady Punpipi > Jun 3, 2021 6:25 AM | Report Abuse

No get rich quick Ponzi scheme ...it could backfires and the results would be fatal


Posted by Steady Punpipi > Jun 3, 2021 6:26 AM | Report Abuse
Only those greedies will fall into the tiger mouth

Posted by Steady Punpipi Jun 4, 2021 8:37 PM | Report Abuse
Internal wise has sold ...only left those dumbfounds awaiting a rebound which never come

You appear to have had a perfectly normal attitude to a sinking Titanic when you saw it. But then you took 9 days off and when you returned you idolise Karim. It would appear that you either:

1) sold your soul to the dark side and worship Karim.

2) had a full lobotomy and worship Karim

3) became an employee of Serba to lead the Fanboys, get paid per post and worship Karim

In any case, although we can’t discount the possibility you may have taken up all three options, and now you can only submit unverified /unverifiable posts full of conjecture and, unfortunately, continuously.


Can you cast your mind back to when you could see clearly, before Karim's coin blinded you to reality?

7chewe aka UnSteady ConPeepee:

Your link
https://www.msn.com/en-my/money/stockdetails/analysis/kls-serbadk/fi-alai5r

Look at the Analysis tab.

7 Analysts:

1 year price target: 0.31

Sell: 4
Fence sitting: 2
Hold: 1
Buy: 0

7chewe TOP 10 INVESTORS (AS OF LATEST FILING): SERBADK

INVESTOR NAME % O/S POSITION (M Shares) POSITION CHG (M) VALUE (M USD) FILING DATE FILING SOURCE

Mohd Abdul Karim bin Abdullah 20.90 778.88 -22.18 84.36 12 -Jul -2021 Malaysia Insider

Abdul Kadier bin Sahib 16.18 602.90 11.00 46.49 04-Jun-2021 Malaysia Insider

Employees Provident Fund Board 4.97 185.08 -191.42 14.72 25-Jun-2021 Other Substantial/Declarable

Retirement Fund (Incorporated) 4.53 168.85 -26.36 13.43 01- Jun-2021 Other
Substantial/Declarable

Permodalan Nasional Berhad (PNB) 4.34 161.75 -62.54 59.91 30-Apr-2020 Other
Substantial/Declarable

State Financial Secretary, Sarawak 3.38 126.00 0.00 46.67 30-Apr-2020 Other Substantial/Declarable

Lembaga Tabung Haji 1.39 51.95 51.95 19.24 30-Apr-2020 Other Substantial/Declarable

SBB Dana Al-lhsan 1.38 51.26 18.68 20.52 30-Nov-2020 MF

Public Islamic Select Enterprises Fund 1.29 48.11 48.11 18.51 31-Jul-2020 MF

Public Mutual Berhad 0.98 36.45 24.68 13.50 30-Apr-2020 Other Substantial/Declarable

https://www.bursamarketplace.com/mkt/themarket/stock/SERB/ownership

------------------- ----------------------

they are still holding, why aren't you?

Waiting IR +'ve results this week/next week
Waiting TOP 10 External Auditor been appointed this week/next week

New INEDs completed and doing their TASK
EY as IR is completing their finding soon

Pak Karim have bought 10M share BUY back 0.48 on 12 Jul to give his assurance,

HAVE you take your action?


Read your link a little better:

Analysts Consensus:

Consensus Target Price: RM0.37
Difference: - RM0.07
Potential Gain/Loss (%): -15.93%

RR88 predicted a few weeks ago, from reading his charts, that Serba would go sideways and slowly drift to oblivion.

Unless there is some stimulus such as, listed in increasingly unlikely probability of occurring:

(1) BoD stepping down
(2) Karim buying many more shares and Kadier buying even more shares than Karim
(3) Intervention by a Divine force
(4) EY disagreeing with KPMG

RR88 may well be proven to be correct.

py1818 To all naysayers,
We know you are not a professional auditor. Just an average joe on the street.
Tell us a good reason why we need to listen to you pretend-to-be auditors on this serba audit case.

Indeed, unlikely any are professional auditors but most put some thought or investigation into their posts.

Unlike the Yaysayers, who only expect their force of willpower to move the share price.

Some examples:

py1818 Lai lai lai cheap sale mari. Got promotion price. Hehehe.... (cheap implies value, Serba is only low priced compared to where it was)
Jul 8, 2021 12:56 PM

py1818 GO GO SERBA! (going down?)
Jul 7, 2021 6:04 AM


py1818 *
It's 0.485 !!!!! Hahahaha......... (it's RM0.435 now)
Jul 5, 2021 8:06


py1818 Buy now!. Limit up next week (it didn't)
Jun 29, 2021 6:36 AM


py1818 Buy when there is fear,
Sell when there is excessive exuberance in the market. (Have you sold yet? The excessive exuberance has been and gone)
Jun 26, 2021 9:02 AM


There are many more (unfortunately).

AlsvinChangan KPMG, EY, BURSA and SC insiders secretly buying

Just as credible "MACC raided Datuk Karim's house - take away documents and computers"

It is strange Karim has not bought shares. When he bought 10m shares the price jumped up the next day.

If the shares are such a bargain why hasn't he bought 100m? Imagine what that would do to the share price. This should forestall any further margin calls on his holdings.

Why hasn't Kadier bought more shares?


bobvic96 I would like to believe so too but with the information PSAI3Alert has found, I do not think that can be the case unless the original BoD step down and let the government salvage the company with a huge impairment.


shybutter I still believe SD is a good long term investment


bobvic96 Steady Punpipi Karim oledi knows the outcome of SDK the rest here only speculations ...that is facts. His action of share buy back is indirectly sending a positive even the no brainer will spot it...hahaha
19/07/2021 4:18 PM

UnSteady ConPeepee, if that is the case, why hasn't he sold everything and gone all in buying All shares?

Maybe he:

(1) is already too rich?
(2) has no cash?
(3) can't get a loan?
(4) knows Serba is not a good investment!

I would like to believe so too but with the information PSAI3Alert has found, I do not think that can be the case unless the original BoD step down and let the government salvage the company with a huge impairment.


shybutter I still believe SD is a good long term investment

Posted by bobvic96 > Jul 19, 2021 5:33 PM | Report Abuse

Steady Punpipi Karim oledi knows the outcome of SDK the rest here only speculations ...that is facts. His action of share buy back is indirectly sending a positive even the no brainer will spot it...hahaha
19/07/2021 4:18 PM

UnSteady ConPeepee, if that is the case, why hasn't he sold everything and gone all in buying All shares?

Maybe he:

(1) is already too rich?
(2) has no cash?
(3) can't get a loan?
(4) knows Serba is not a good investment!

Steady Punpipi Karim oledi knows the outcome of SDK the rest here only speculations ...that is facts. His action of share buy back is indirectly sending a positive even the no brainer will spot it...hahaha
19/07/2021 4:18 PM

UnSteady ConPeepee, if that is the case, why hasn't he sold everything and gone all in buying Serba shares?

Maybe he:

(1) is already too rich?
(2) has no cash?
(3) can't get loan?
(4) knows Serba is not a good investment!

If you want to know why the Serba share price went down, look no further than the below boast of UnClear_Lim, he is to blame:


Uncle lim & the gang in charge of this counter
Jul 16, 2021 4:16 PM

madmatts @superrr ; If 0.10 many people will go to cry lol...haha soo many promoters standby for tomorrow ?. .I am not goin to cry, I will buy some more because I know Serba will be around for many years to come. yeah..... continue with the song

That's a definite "maybe" but not with the current BoD.

Uncle conYY Hi everybody. Just finish my premium steak thanks to Serbadk. Next week SD will continue rally. Next week laughing to the bank again. Those losers u still have a chance to buy low now.

Well done, I'm happy for you. Feast now, while you can. RM0.10 is just around the corner.

UnSteady ConPeepee, a reminder, you have not yet responded:


Steady Punpipi Relax and chill...this is not a get rich quick counter ...heavily monitored by sharks ...it will rise when the time is right . TP rm1.60 in 2 yeras....buy and hold. Pls no margin or con

UnSteady ConPeepee:
Do you remember these posts? I believe the first one, dated 1st June 2021, is your first post on the Serba chat:

Posted by Steady Punpipi > Jun 1, 2021 7:47 PM | Report Abuse
Sapurna , Knm , Velesto, Alan.....new joiner Serba D..dun sell lower than the rest ya


Posted by Steady Punpipi > Jun 1, 2021 9:35 PM | Report Abuse
Careful no quick gain instead quick lost ....trade with care

Posted by Steady Punpipi > Jun 3, 2021 6:25 AM | Report Abuse

No get rich quick Ponzi scheme ...it could backfires and the results would be fatal


Posted by Steady Punpipi > Jun 3, 2021 6:26 AM | Report Abuse
Only those greedies will fall into the tiger mouth

Posted by Steady Punpipi Jun 4, 2021 8:37 PM | Report Abuse
Internal wise has sold ...only left those dumbfounds awaiting a rebound which never come

You appear to have had a perfectly normal attitude to a sinking Titanic when you saw it. But then you took 9 days off and when you returned you idolise Karim. It would appear that you either:

1) sold your soul to the dark side and worship Karim.

2) had a full lobotomy and worship Karim

3) became an employee of Serba to lead the Fanboys, get paid per post and worship Karim

In any case, although we can’t discount the possibility you may have taken up all three options, your fart generator has full control of your keyboard and now you can only submit unverified /unverifiable posts full of conjecture and, unfortunately, continuously.

Steady Punpipi My friends used to pay 1.60 a few months ago for a piece of SDK share, now with 1.60 i can buy 3.55 lots more than my friends ...no brainer really.

UnSteady ConPeepee, I agree since you sold your soul to the darkside, you have no brain.

Steady Punpipi Until and unless Serba is proven guilty, I refuse to talk bad of it.

So far all of the "crimes" that it is accused of, as an industry person, I have logical explanations for.

"If you're not sure, don't share FAKE MALICIOUS INFOS!!!

SPOT ON!!! THANKS PINKY!


UnSteady ConPeepee. you are the kettle calling the teapot black. You should review your own FAKE MALICIOUS INFOS!!!

Uncle_Lim Got opportunity just collect, normal mah retailers see index drop, they also dump all their shares for no reasons one. uncle & the gang ad take over this counter, price will not drop big one. the only way to go is UP
16/07/2021 11:30 AM

Looks like you just can’t get it up – down by 0.5sen.


Uncle_Lim Uncle lim & the gang in charge of this counter
16/07/2021 4:16 PM

then it’s you who screwed it up for the Fanboys! Not making yourself popular.

Pinky In conventional engineering/civil construction contracts, we are Quantity Surveyors, assessing, measuring and valuing EXACTLY how much is done, and pay the contractor according to that. Ie you paved how many meters of road, I pay u how many meters of road's worth of $$.

Milestone Billing contracts are different. You finished lay 1 WHOLE road, I pay you one whole road's worth of $$.

To put it in simple terms.

Again, correct but I am sure KPMG are fully aware of those possibilities but still find the situation in Serba fishy.

Pinky From the viewpoint of CLIENT, why is there a need for Milestone Billing.

You, the client, you want a working, functioning product.

You don't want your contractor to spend millions on materials, labor and other costs, but the thing is NOT YET FUNCTIONING.

Let's say we are talking about a car.

You finished an engine (and it's working alraeady), I pay you an engine.
You finished the gearbox, I pay for the gearbox.
You finished the car body, I pay the car body.

I don't want to be paying for a half-finished engine. I only pay for finished PARTS/SECTIONS.

It protects the customer/client.

Correct, however, in Serba's case we just don't know what the receivables are actually for, nor what and where the stock is.

Pinky @madmatts yala they think like sell mee soup at kopitiam, do 1 bowl, sell 1 bowl, get money for 1 bowl

Those big contracts can be like, you spent millions buying materials and paying sub contractors and worker wages and so on, but until and unless you finished one section and ticked all the boxes, client ain't gonna pay you even 1 cent.

But, you spent all those money, accounting-wise, you CAN recognize the revenue and earnings.

Earnings =/= Cash Flow

Then a poor contract for Serba. They should have tendered requiring milestone payments. Having such large receivables will spoil the economics for the projects and affect the bottom line.

Pinky @bobvic96
<<I have been audited a number of times and I have always found the auditors amiable and will provide advice if they found an issue. That advice would typically find its way into the audit report and presentation to management to demonstrate, amongst others, they are doing their job.>>

There, you proved my point (or did i misunderstand you?) when I said it before that is is NOT the norm for auditors to go direct to Audit Committee/Board, it is the norm and industry practice for auditors to go query and discuss with Management (CFO and/or CEO) first, before they go to Board level.

Also, there are many different kinds of auditors, with different temperaments.

I have met with those (rare, but there are) who raises their voice and have a shouting match with the accountant and/or CFO.

And I have also met with (well, most of them are like this) those who sit down and talk nicely and listen to you.

That is why my current stand and wild guess is that the audit team must have been rude and/or overly assertive with Karim's team, hence the breakdown in audit-client relationship.


Pinky Your last paragraph is equally conjecture.

This audit issue was likely to blow up as it has done and we can be sure it got to the very highest levels in KPMG. If KPMG thought they were at fault, it would be over way before becoming a major issue. Ditto with Serba/SC, if it were a trivial matter by KPMG, it would be over.

Like me you are entitled to you own views.

It is good the Fanboys have someone who can use logic to debate rather than the usual unfounded statements.

Uncle_Lim Got opportunity just collect, normal mah retailers see index drop, they also dump all their shares for no reasons one. uncle & the gang ad take over this counter, price will not drop big one. the only way to go is UP

Interesting, let's see you do it

lovetzy u know what my gf talk about u? superr and bob? no girl will ever willing to blow job for u hahahahha, cuz u no d1ck hahahahaha

You clearly have an issue about sexual prowess, usually caused by an inferiority complex on the same subject.

Remember when your gf said she loves three fingers in her? The reason would be because she can't feel you little d1ck and doesn't know which hole you are in.

JovaneChua dont be influenced by some people with bad intention and wish to buy cheap.

Cheap implies value. Serba is currently only low priced compared to its maximum.

Pinky As in, you disagree with your supplier or customer,

.......

I have been audited a number of times and I have always found the auditors amiable and will provide advice if they found an issue. That advice would typically find its way into the audit report and presentation to management to demonstrate, amongst others, they are doing their job.

I cannot imagine that KPMG did not present their findings to management, before going to the INEDs and, with getting nowhere with these bodies, they reported to Bursa/SC as is their duty.

I would also expect that any meetings with the BoD on the audit would be minuted which should quickly kill any law suit before it gets to court.

I believe you are intelligent enough to understand that the red-flags are not about 11 addresses, although we should not discount there is something behind this, but the main issue is the RM4.5b in receivables, stock, etc. that does not add up.

Pinky @bobvic96

<Why would KPMG staff resign when the resignation of the INEDs indicate Serba are at fault?>

Did your teachers and momma and papa teach you not to ASSuME things?

INEDs resigning could be due to them disagreeing to sue auditor, that is all.

Don't ASSuME things.

Agreed but the Fanboys just post so much trash that are pure untruths to try and ramp Serba.

I didn't try to A$$ YOU!

UnClear_Lim_the_Lying_Dogfish.

Nobody appears to want to buy at RM0.455, surely a BIG SHARK like you can make things move?

Uncle_Lim KPGG PLT hires intern get caught during covid WFH no guidance from senior

Serba Director suspected of illegal acts, police to investigate.

bobvic96 Jonathan Keung Hear few of KMPG audit staffs have resigned from the company after the audit fiasco at Serba. Good if Serba management can rope in this people to highlight KMPG audit trail and their structure weakness

Possibly more likely "hear MACC planning to raid Serba's offices, Directors' houses".

Why would KPMG staff resign when the resignation of the INEDs indicate Serba are at fault?

bobvic96 Steady ConPeepee strange that you have no weasel words to get out of the below?

UnSteady ConPeepee: Paid by Serba to spread disinformation.

However, given Serba's disastrous 5th May slide show, followed up by the possibly even worse PC, highlighted by Chairman Pinocchio growing his nose a few more inches, Serba have now changed their tack and employ people like Cheah Chor Sooi who can at least string some sentences together, however, still full of BS like you.

You may find yourself off the payroll soon.

Steady ConPeepee strange that you have no weasel words to get out of the below?


bobvic96 Steady Punpipi Relax and chill...this is not a get rich quick counter ...heavily monitored by sharks ...it will rise when the time is right . TP rm1.60 in 2 yes....buy and hold. Pls no margin or con

UnSteady ConPeepee:
Do you remember these posts? I believe the first one, dated 1st June 2021, is your first post on the Serba chat:

Posted by Steady Punpipi > Jun 1, 2021 7:47 PM | Report Abuse
Sapurna , Knm , Velesto, Alan.....new joiner Serba D..dun sell lower than the rest yes


Posted by Steady Punpipi > Jun 1, 2021 9:35 PM | Report Abuse
Careful no quick gain instead quick lost ....trade with care

Posted by Steady Punpipi > Jun 3, 2021 6:25 AM | Report Abuse

No get rich quick Ponzi scheme ...it could backfires and the results would be fatal


Posted by Steady Punpipi > Jun 3, 2021 6:26 AM | Report Abuse
Only those greedies will fall into the tiger mouth

Posted by Steady Punpipi Jun 4, 2021 8:37 PM | Report Abuse
Internal wise has sold ...only left those dumbfounds pending a rebound which never come

You appear to have had a perfectly normal attitude to a sinking Titanic when you saw it. But then you took 9 days off and when you returned you idolise Karim. It would appear that you either:

1) sold your soul to the dark side and worship Karim.

2) had a full lobotomy and worship Karim

3) became an employee of Serba to lead the Fanboys, get paid per post and worship Karim

In any case, although we can't discount the possibility you may have taken up all three options, your fart generator has full control of your keyboard and now you can only submit unverified /unverifiable posts full of conjecture and, unfortunately, continuously.

7chewe https://focusmalaysia.my/few-top-10-auditors-keen-to-fill-up-serba-din ...

LOOKING for a HINTS? or a BUY call?

read words by words..

be careful ;)

Exactly read “words by words” [sic]

This article is written by By Cheah Chor Sooi who appears to be on contract to Serba as their PR guru

This bit is pure BULL SH1T.

"Among others, EY which was appointed on July 2 is tasked to assess the validity and veracity of the transactions and balances with respect to the 11 identified customers on sales transactions, trade receivables and materials on sites as well as to quantify the possible financial impact , if any".

Bursa and SC have clearly instructed Serba that the IR MUST ADDRESS ALL KPMG's RED-FLAGGED ITEMS which will, of course, include the RM4.5b that doesn't add up.

It can only be a matter of time before either Bursa / SC sanction Serba for not meeting their demands, or the full truth about the RM4.5b is revealed and then it's also the end of Serba.

Also, the word “few” means more than one and does not imply “many”. As has been reported elsewhere, no auditor in its right mind would want to touch the pile of crap that is Serba's accounts.

EY have yet to announce they have accepted the IR.

The BoD need to step down to save the company.

7chewe https://www.e-serbadk.com/portfolio/pengerang-eco-industrial-park-and-...

this one too....

understand SDK values

;)



Very clearly smoke and mirrors.

How many different industries can a company be involved in and be successful. All the O&G companies I've known that expanded into many different O&G lines have failed with numerous going bankrupt. Serba have diversified even further outside O&G (what is it into "Space" reselling internet access). Companies just get too large to manage effectively and efficiently.

Imagine going into a new industry for which you have no experience and not taking over an existing company that has all the knowledge required. Don't forget Karim awarded a software contract to a hardware company stating they do the same thing - pretty much the same as him saying left the Formula 1 mechanic drive the car and the driver maintain the car. Very smart.

They use a lot of technical terms that really don't say anything to those that haven't been involved in the industry. They imply they are going to manufacture parts for gas turbines which is a highly specialised industry, that the major companies supplying them make their own parts with methods and equipment that are not readily available. Also, to repair gas turbines using the manufacturers parts they will need to be licensed by the manufacturer otherwise there can be no guarantee on the serviced turbine.

I do note they have thrown in a photo of a drilling rig for good measure, however, they do not yet say they will be drilling.

It would be a tremendous enterprise to pull this off and I don't see it happening. I had my reservations in April where Serba wanted to have a a SPAC in April where I thought they were diversifying too much.

This project would also need a lot of funds. Maybe that's where the RM4.5b is?

It is not necessarily a good sign.

pearl white .
I AM BACK. DEM FAST. SETTLED.

NOW, ABOUT THE SALE OF SCIB/KPOWER SHARE, IT IS USED TO FUND THE PURCHASE OF SD SHARES.

KARIM HAS NO LIQUID FUNDS. FYI.

Agreed, why he only bought 10m.

Kadier hasn't bought any in a great show of trust in this counter. I expect him to have a few announcements of "Other" transfer of shares so they can be sold.