what is to be optimistic about ?

Investors have been swindled through false accounting and their investments have gone down to the drain with no chance of recovery... you advise to have faith in the so called " big con company" .??

After all ,you are right in one thing, your investment and your decision....

Return of conman ??

Reconstructing after swindling investors through false accounting..... you call it something is good for the investors and shareholders???

Are you a nutcase or what??

SD is one of the main sponsors to the " Dubai Expo 2021" . WTH

Using swindled money to sponsor the show , the organizing authority of Expo should reject the sponsorship of SD outright to avoid controversy and association with them like Petronas..........

The appearance of SD as a sponsor to the Expo will compromise the image of Malaysia cos SD as a listed company is a disgrace to Malaysia

That fella said not to argue and or provoke ...WTH

Are our statements and comments provocative here? Basically,none. No twist and or distortion of facts and truth is intended but merely emphasis of facts and truth and awareness of foul play by the gangs perpetrating financial shenanigans

These people are bloody suxkers so much so that they will exhaust all the resources of SD to leave nothing for shareholders.....

Lawyers who are engaged by SD are laughing all the ways to the bank,win or loss,still get paid at the expense of poor swindled shareholders.

Dr.k and his gangs already vow to defend vigorously for SD meaning all the legal costs are borne by SD at the expense of poor helpless shareholders....

Value for nothing.

Since Value is zero,margin call is unavoidable hence more losses are expected.

Creation of fictitious sales to boost income in manipulation of SD share price and yet the mastermind and his gangs vow to defend vigorously? What a joke!

What to defend ? You can lie any thing but the figure doesnt lie.The figures presented and approved by SD were false and fake with intent.

she is still cherishing the romantic crush with Dr....... to her life with SD wil go on .....

High risk high return doesn't always work


SD shares are no longer marketable and worthless now .

All equity shareholders are not secured as opposed to bondholders. Those equity shareholders who chose to stay even after the scandal were exposed , are considered as high risk takers.

High risk high return doesnt always work as in the case of SD. They stand to lose all ....

All related companies under the direction of Dr.K are feeling the pinch of impact of downfalls.................

A long legal battle

Dr.K won't give in and will fight till last breath......

Now then SC has sued him in his capacity as a CEO,does it mean that SD would foot the legal bills or to be borne by Dr.K himself?

Anyone to answer the above?

WTH

Don't judge the book by its cover.

Don't count the chickens before they are hatched

Dont jump the gun that Dr.k is guilty. Some diehards are still delusional to believe Dr.K is innocent. They believe with their judgements.so let them perish with their own judgements.

The figures of 6b++ or 4.45m is secondary.

What matters most is that SC has the reasonable belief that SD has the intention to swindle through false accounting irrespective of how much....

Dr .k is in town.

He has just turned up to the session court to attend to the charges to avoid being arrested.

Innocence until proven guilty in the spirit of law in Malaysia. Morally,I am not too sure...

A laughing stock

Ignorance is not an exemption and certainly is not an excuse.He has been the CEO for donkey years ,chairing the meetings of high levels. He has claimed to be a Dr with high level of integrity and vast knowledge.

What a joke to claim ignorance

Risk taker loses it all....

Those who bought or kept averging SD ,thought that they got it at the hugest bargain of this century,have made the greatest mistake of their lives now....All have been wiped out to zero.....back to square one.....

However ,some diehards are still delusional with the belief that SD would be restored to RM 2 in 2-3 years time in their fantasy....

Why this why that? Why are you still ignorant?why do you keep asking why SC has charged SD?why why why and tell me why....

Simple for simpleton....

Irregularities were unfolded by KPMG during the course of audit and then concluded by EW Cons again.Both refered the findings to SC.

It is the absolute perogative of SC to charge the perpetrators.ie SD. It's the right of SD to prove its innocence.

The figures of 6b++ or what is secondary.What matters most is that SC has the reasonable belief that SD has the intention to swindle through false accounting....

The Lawyers can argue until the cow comes home and twist around the case until the judges fall asleep but one thing is certain in that the figures don't lie...1+1 is still 2 no matter how......

Nexia has been prewarned by SC.

You certify AR with clean opinion,you will be investigated and charged with certification of false AR as the previous Qtr reports submitted to SC were false ,which have the direct impact on the upcoming AR..

No AR, suspension continues...

Yes AR with qualified audit opinion , More negative impacts and devastating effects on SD

Either way,SD has been pronounced to be perished forever....

Yes,all the related companies under the direction of Dr.k are fishy now and subject to be scrutinised to great extent bearing in mind that a number of projects have been mysteriously terminated out of the sudden......monkey business is very much felt now.

The previous Qtr report submitted was purportedly alleged to be false,which would affect the upcoming reports to be false too.....

No need to submit AR in the end..

All the profits boasted to be made by LsdyMeow has been more than wiped out by the loss of averaging till negative value now.

What was made earlier on was totally fruitless now....

averaging, averaging and averaging

Averaging is a dangerous investment strategy. Averaging can turn out to be avalanche in the end if it doesnt come your way.........

Imagine you keep averaging every 10 cent from 80 cents to 30 cents with a total of 5 times of averaging which could end up to be disastrous and devastating as in the case of SD.

I bet some may even be thinking of averaging when it comes to penny or even penniless upon lifting of suspension

From the way it goes now, trading will never be resumed. yyour investment through averaging has basically zoroised ,I am afraid...

No use

Alll the articles issued by SD are subject to be scrutinised and verified extensively by independent auditors ,which will be taken as evidence in the open court

SD need to prove to the world that they have not presented with the false information.

It is a daunting desk to prove.all the pack of lies will be unfolded and the truth will be revealed openly in the court. Its unstoppable now to leave no stones unturned.

Diehards really die hard this time..

Pathetic

So kiss and say goodbye to SD

RIP like the gigantic titanic in the deep blue ocean ,once claimed to be unsinkable but still sinkable in the end........

Titanic is sinking fast and furious....

PW casting as Jack said to ladyMeow casting as Rose "Promise me you'll survive. That you won't give up, no matter what happens. No matter how hopeless. "

PW: Promise me you'll survive this fiasco.

LadyMeow is so touched that she is holding on till now....she is doing this for PW only....life will go on and so is SD....

Sharks,bilis,squids etc all can not be shared but perished in the seabed...

SD has no intention to submit AR anyway. Just like the bonds, they will let it lapse....

Monkey see monkey do

Who did monkey business? Who invested in monkey business?

Who is the monkey? DR.K or you?

No one ...all have claimed to be innocent until proven guilty. DR.K is laughing all the way to the Mars with his space programme.....

The answer is simple.

Have you ever seen a conman to repay swindled fund to the victim?

Very simple to resolve...

*Just to withdraw the lawsuits and admit wrongdoings.

* to confirm findings of SIR

* to issue AR

* to repay bonds from the " missing " funds..

Nothing is genuine

The funds swindled will not be used to pay off debts/bonds.Hence, cross Default or otherwise will never be settled.......not in a million years....

AR supersedes SIR

*SIR is challenged under legal jurisdiction,until it is concluded by the Court , it is a waiting game.

*AR is the centre of attention now.....7 more days to go....

*NO AR on 31st Dec 2021 , NO lifting of suspension....

*SD is prepared to be delisted anyway .No big deal to them .

Risk averse vs risk taker

Whether you are an Investor or a Trader,they have one thing in common ,maximisation of returns and minimisation of risks.

In general,most sensible investors and traders are risk averse which means they avoid high-risk stocks or investments and are prepared to forego higher rates of return.

LadyMeow has claimed that she and her gangs are truly "investors" contrary to " traders"

However, given the fact that SD is now perceived as the high risk investment following series of negative events,their persistent denial and defence of SD is clearly demonstration of their high risk taking attitudes and irrational.

They are a bunch of "high risk taking investors " not " investors" .

3i is I see,I listen and I discern.........as simple as that.

Many of them just look but don't see

Many of them just hear but don't listen

Many of them just ignore but don't discern.

Who do you call these people? I leave it to you..

AR supersedes SIR

*SIR is challenged under legal jurisdiction,until it is concluded by Court , it is a waiting game.
*AR is the centre of attention now....
*NO AR , NO lifting of suspension....
*SD is prepared to be delisted anyway , No big deal to them ,
*Upon delisting, SD will continue to blame SC for removing them from PLC as if SD has been victimized by SC
* A delisting is a blessing in disguise for SD where bondholders are forced to extend their tenure of repayment and equity shareholders are forced to sell back their shares at lower price.

Inventory on site

Your mention of the difficulty in verifying the inventory on site due to work in progress and the fact some of the inventory has been converted into value of work done is just an excuse.

If there is proper housekeeping right from the purchase of materials, issuance of materials as work in progress to the final certified value of work done, it is in fact not difficult to identify the inventory unutilized on site.

Had SD maintained proper books and records , such difficulty would not have been arisen

Another possibility to this difficulty is that the materials never existed in the first place. Hence , verification is impossible.

A cow is a cow ,a Conman is a conman

A conman hoodwinks everyone irrespective of nationality ,race ,class of investors be it institutions or otherwise .....

You have been conned but you deny you have not been conned. Sorry to say that all u can do now is to prepare for the worse and hope for the best.

How best can you hope for? U just hope your shares could be redeemed upon delisting .But to be redeemed at what price.?........I would say at their mercy.....

Private Limited

The way it goes, the most likely outcome now is for the company to be delisted like MAS to be put out of the limelight of Bursa and will undergo restructuring exercises.

if the existing shareholders are lucky, their share might be bought back by the company at certain price on the basis of " take it or leave it burned " It sounds like extortion , well thats the way it should be .

yer,No ID sees eye to eye to Dr.K rather no ID wishes to live under the shadow of Dr.K ...........

How independent is the independent directors (ID)?

Majority of them(ID) are independent "by name" only but in actual fact , ID are sitting under the shadow of Dr.K . Those who are not , have already resigned to distance themselves from Dr.K and the mess ........

Balance sheet does not balance is ok

What is not ok is the payables,receivables, fixed assets, inventory and cash at bank are not verifiable . If 50% of Balance values are not verifiable, meaning 50% is fake...

For SD , what is the % of real and the % of fake ? You should know better

Auditing is dynamic and changing in line with dynamic world. SD has been dynamic from local projects to oversea projects and diversification of business from conventional oil and gas to IT venture even aviation and outer space programs etc.

The objective of the audit is very simple ie to ensure all the payables and receivables , fixed assets ,cash at bank etc reflected in the Balance sheets are verifiable beyond reasonable doubts. Where there is doubt in any of these components, the external auditors must raise the red flag.....There is nothing wrong for them to do so in discharge of their professionalism.

Audit approach is not necessarily the same every year. Further approaches may need to be taken to confirm the veracity of the transactions and reinforce audit assurance. There is nothing wrong with that .

Prudent is imprudent

KPMG has been very kind enough to SD in consultation with them to give them a chance, maybe more than once, to rectify the questionable transactions detected during the course of KPNG statutory audit but SD was lackadaisical and indifferent to deal with them.

KPMG could have qualified the audit report straightaway without consultation with SD but they didn't choose to do so.

Who gave away the chance?? Not KPMG or anybody else but SD themselves.....

SD will put the pressure on the New Chairman to address the teething issues.

If New Chairman is not workable , changes will be made again and again like a show of circus where bunch of jokers and clowns walking around and around..........

Maybe they can look for ex-PM to address the issues self-created by SD ......

LadyM and PW can not explain why all these messes have happened but all they can do now is to keep faith in this Company in the gleam of hope that it could fly to the moon again someday............... when ?? no body knows even prophets cant tell.............

The comments in this forum are quite balanced ,Nothing is to be extreme left and nothing is extreme right..........

Special Branch officer was not workable.

They are trying another New Chairman who has political background in the hope of GPS would intervene ??? As said early , someone must pay on behalf of the bogus /fake /dummy receivables to make them all look genuine to be recoverable