The law is there but no enforcement. White lights on expensive cars allowed, fully black tinted windows with no permit, no action taken, overloading no action taken, drivers with several summons still driving on the roads - what is minister of transport doing? Enact more laws but no enforcement? Wait for more accidents to happen? Same old story

@Dragon328, thanks for your detailed analysis and explanation and unselfish sharing

Calvintaneng, have been wanting to say thanks for your calls on Serbadk

IRB entered consent judgment to reduce the total additional tax payable to RM1,653,843.22 including penalty

To KYY, everything seems to be hopeless. Is he stuck with all those shares he calls hopeless or is he collecting those 'hopeless' shares now.

Windy1974, why save this type of person who only has his own self serving interest at heart. Let him sink then he knows how it feels.

Mr U Turn is always contradicting himself. Does he not read what he write

Mr flip flop wrote on his July 29 blog that when the company announces its result by end of August, its share price should shoot through the roof. Less than 2 weeks later and before the results are announced, he is quick to say that the price has been dropping continuously hahaha

He is being too optimistic. Many businesses have closed, those that are open can barely sustain, many people have become bankrupt or will be made bankrupts, many foreclosures are in the cards, and yet he is singing a different tune. Does he go to the ground and see for himself or is he just hiding behind fantastic wrongly projected figures or misinterpreting what he is seeing

Our Ministers and people in high holding positions sure have good taste - flaunting their wealth - expensive clothes, expensive watches, expensive shoes reminding me of Imelda Marcos. Nothing wrong except that the citizens are suffering and economy is down in the dumps and we do not see any light at the end of the tunnel

All these sifus tell half the story only to enrich themselves. So sad for them - so rich yet so poor.

The people here are bashing KYY not because he mis-analysed a stock. The reason is because he is always going back on his words and reasoning - what he justifies today, he does a full U-turn the next day - so much so he has lost all respect notwithstanding that he is making millions. And who cares how much he makes

The writer himself is ignorant

Wonder what beautiful figures will be presented to persuade the bankers not to go on with their winding up application. With shareholders Chef Karim can charm them with his BAU tactics but with bankers? Let's see how he can get out of it

Chef Karim had better face reality now or he will be truly disappointed. Same for those who believe him

Hidden Hands Season 2 now on at SD theater. Tickets sold out. Will it beat the Mousetrap as longest running play

Haha the delusional cat has gone from building castles in the air to living in the castle in the air. Wonder if meow meow really has any SD shares or how much paper loss she is having now but anyway, nice to have you here to liven up the forum. Have a fantastic Sunday, everyone! I am off cycling now

The AG might as well have said "I am excercising my discretion and nobody shall question my discretion". Period. No explanation required

The excuse given by the AG is the lamest I have ever heard of. Caught with 59 stamps, caught faking accounts - these are circumstancial evidence?

More than 10million selling at rm0.05...

What is there to be proud of when the head created false accounts and cheated thousands of investors? If a company goes under because times are bad, it is acceptable but investors trusted the BOD of SD and see how it turned out. Seperti pagar makan padi

Escape hatch for retailers or for Karim to sell what he has and collect rm3 million to pay his fine

I share the same view as you, TreeTopView.
@ TreeTopView
I'm speculating that senior SC execs are now drawing a line in the sand to state they are totally disgusted with what has been directed by the AG. Just my opinion.

KYY said Hiap Teck is useless so he better keep away from this counter now that it is moving. Otherwise he pump and dump and bring all down with him.
@ kamcheonghui
Hiaptek CEO and management team keep sleeping. masteel price is 0.41 sen. Without KYY group pump and dump Hiaptek share price cannot move. What a share for this steel counter.

Your title is misleading. There wasn't any trap by Genetec. You just didn't (intentionally or not) do a proper analysis before you wrote. Pity those who follow your blog and bought

And how did price rocket?
All due to the manipulation of that PHd holder.
He did not put his knowledge to good use. Instead, he swindled the investors of his company. He deserves a jail term. Yes, greed. Greedy Karim and the other directors. It was a well thought out plan, not an on the spur of the moment matter. That is why till now he does not want the findings of the auditors to be revealed. It will show how cunning he was. And to go to the extent of making 59 stamps.. That alone speaks much of this guy who has before his fall been giving interviews asking ppl to buy his shares, splitting shares, etc etc. Btw, I already cashed out long ago, switched to plantation counters. Advised my friends to run but they believed the book cooking chef
#Ongserb
Why blame Karim? Blame it on yourself. Why chase price that had skyrocketed? Greed is the cause of all this.

I3lurker, you were lucky. Not so for many of those who treated Karim like demi god and believed his reassurances even though at that time figures were already being manipulated

First, Karim said he didn't do anything wrong. He said he has been doing the same thing all the years.
Then he said someone was attacking him and trying to bring him and his company down and he will fight hard to defend the company he built with sweat and tears.
He blames everybody except himself but he brought his own downfall and the downfall of SD and together with that all his trusting investors and ppl who said they trusted him.
There is only 1 place for this smart PHd holder - jail - but unfortunately, the AGC thought otherwise. Shareholders would rather see the perpetrators jailed than their shares go up and that too, is only for those still living in a state of denial. But then, with Chef Karim, we never know - SD could hit limit up. Btw, he makes a good adviser in the academy of book cooking.

The AGC behaving as if it has no choice but to accept the representation. In case the AGC is not aware, the AGC can always reject the representation and go on with the case. What is the AGC's reason for accepting the rep? It should be made known to the public. Lack of evidence? The evidence is there! Open your eyes, AGC!

It should be RM3million for every falsification of each statement / voucher / invoice. Add all that it could run into billions. Why AxC took the easy way out. The fine should always be higher than the amount that was siphoned / cheated / scammed otherwise who is deterred. Cheat as much as you want, get a lawyer and pay a fine which is only a drop in the ocean

These ppl don't need to run the company anymore. They can retire with the millions / billions which they have sponged off the trusting investors with their false accounting

Dunia sudah terbalik

A thief breaks into your house, took away almost everything, then sues you for lodging a police report. Sounds familiar?

What precedent is being set if directors are being let off with just a slap on the wrist after what they have done? Discretion must be exercised with sensible judgment and not on an unaccountable mood swing.

Uncle Koon, don't tell me you didn't take all these info into account when you bought / promoted Teck Guan? Please don't mention any of my golden selection cos the price will see a spike up and then sharp fall as with all you have touched

Uncle Koon himself does not believe what he is writing. Makes me think whether he knows what he is writing with his frequent change of mind and U-turns

After SD has run out of all sorts of Court applications, now come to this?

Thank you, Fundamental Trader for your priceless sharing!

Kadir, Karim, if anyone is found guilty, send them to jail, make them pay back what the shareholders lost

Uncle Koon forgot to say that he is heavily invested in Jtiasa. Next day after he has sold, he will post "Time to sell Jtiasa. I made a mistake. I shouldn't have based my selection on price of land alone.."

Hahaha. Looks like nowadays this Uncle only gasak and simply hantam. Then turn around and say he made a mistake. Must be have disposed all to his die hard fans. He better don't touch Cepat or he will bring it to holland

Hahaha I have less experience than Uncle Koon but TDM will be the last plantation stock I will buy. Loss making even with price of CPO at record high, litigation after litigation.
And he mentioned that he will only touch profit making counters. Hahaha don't be taken in by him. Btw, how many times have you heard him say that he should have told his followers to sell after he has disposed? It was the same with gloves where he asked them to hold on while he disposed everything.

This old fox is suffering from dementia. I remember he said he only owns Leonfuat, Prestar and AYS. That was very very recent. Now he writes that luckily he sold all AYS to buy Prestar. Talked as if he knew AYS was going to perform badly or maybe he got no face now that what he banged on was bad. Either way, don't ever believe this cunning old man. Want so much money for what. People will remember you for your bad deeds. Anyway, AYS up or down, have a nice weekend the rest of you

Whatever plans SD comes up with is also useless. Who will believe this company again after fraudulent accounting with Karim all this while claiming they did nothing wrong and business as usual

Karim talked as if he had been played out but he brought about his own downfall and the downfall of SD and the thousands of investors who trusted him. He and his BOD are anyway innocent till proven guilty but the writing's already on the wall. Let's see how his lawyer is going to sweet talk his way out. If not, throw them behind bars. Btw, wasn't there an inkling of what was happening when audits were carried out the previous years? Could the auditors have been negligent for the past few audits. Am sure what happened in SD didn't happen overnight.

#"Painful and tedious as it seems, rest assured that we are not going to lie face down to admit defeat. History has proven that turbulence times do bring the best out of people - the way Japan rose from the ashes of the Hiroshima and Nagasaki atomic bombing to be a developed economy in such a short time span has inspired us to emulate such feat." - Mohd Abdul Karim Bin Abdullah
06/01/2022 10:55 PM#

I am waiting to see those who cheated eat black bean rice

Fictitious sales, fictitious collaborations. Don't let them get away. Give them the maximum jail term if found guilty. Rm3million is just a slap on the wrist.

Just few days ago, you said you were dissatisfied with the performance of Hiap Tek and sold all 3.6million shares. Today you are singing another tune. Come on lah, old fox, don't use your dirty tricks and hoodwink investors who don't know your true colours. You really have lost all integrity. Money you might have but respect? All down the drain. By the way, the gain is 7 sen not 17

Like Agatha Christie wrote, "The end is near"...

This old man's memory is selective, his reasoning is also selective. U-turns are common. Have so much money also no use