From previous bailouts by government is to save jobs and pacify creditors...not to save shareholders... especially majority...

More dark history of Government intervention...
https://www.nst.com.my/news/2015/09/21326/mas-be-delisted-after-us429m-offer

To know method for Government restructuring is to study history?
https://www.theedgemarkets.com/article/khazanah-pledges-support-restructuring-malaysia-airlines

Hello...tut tut

Times are tough in a Shark eat Bilis World...who will be next?
1. 287,411 individuals in Malaysia were declared bankrupt as of March 2022.

Most of them are made up of young individuals who are still working.

The Malaysian Department Insolvency told Kosmo, Selangor had the most number of cases at 71,659 followed by Kuala Lumpur with 45,630.

Afternoon...no more oomph...all gamblers are at SEB...

Morning... looks like all traders are gathered here... but where's the sharks? Tut tut

9sens soon?

Win u lose...loss you win...
https://focusmalaysia.my/sapuras-share-price-spiked-on-bail-out-hope-but-what-if-it-doesnt-happen/

When people got time to write long essays...instead of easy money...time to run...tut tut

10sens coming soon...

Sii Karim got a good deal even with forced selling of 9.66m shares at 15.8sens each...will the remaining minority also get a better deal?

Guess what kind of Grants or financial MOF could offer ailing SEB, when Govt Coffers are alnost empty...After US, PM is in Japan trying to raise funds?
"For its financial year ended January 31, 2022, Sapura Energy reported a net loss of RM8.89 billion from RM4.13 billion in revenue.

At the time, the company had RM717.75 million in liquid assets, short-term borrowings of RM10.66 billion and no long-term debt commitments. It also had accumulated losses of RM13.52 billion."

Forget SS Karim...10sens and below is not a dream for RSS anymore...

Mmmm.... let's see if bought at 4sens...8sens will be 100% gains...12sens will be 150%...16sens will be 200%...when will the music stops?

Morning...tut tut

Where's Dr. Leno miau miau?

When will SS Karim karam in a death spiral? When Bilis are fried and rats desert the ship? Must be yummy for the sharks...

I think left only sharks & traders...as most already become fried anchovies for nasi lemak breakfast...

Morning...the writing is on the wall...Tut tut https://www.theedgemarkets.com/article/technology-stocks-bursa-malaysia-decline-line-nasdaq-slump

Sii Karim has Karam...forced selling has begun another 777M units to go...talk about jackpot... https://www.klsescreener.com/v2/announcements/view/3550351

Guess the music is going to ends anytime can still cut profit before support at 0.15 breaks...even the promoters are only making token appearance....woe betide those still holding the bag...

Goreng pisang...Goreng pisang...panas-pasas! Guess how long support at 0.15 holds?

Wonder how much Syndicates made from Karim shares yesterday?

Typical case of playing musical chairs...don't be the last one left standing when the music stops....

Remember the kiss of Fintec? Their promoters already made their presence known....just don't be too greedy.....

Just study what's happening to Luna & UST which is on a death spiral...will happens to Serba once the funds to pump is depleted...only day traders will benefit on the highs which moves lower & lower on the way down...

Based on its latest annual report, Serba Dinamik Holdings Bhd has in excess of 69,500 shareholders. The company’s market capitalisation is now down to RM315 million.

Serba’s market cap was close to RM6 billion a year ago, when KPMG PLT red-flagged its accounts and reported the matter — as required by law — to the Securities Commission Malaysia (SC). KPMG’s audit alert was the start of Serba’s fall from grace.

In the last one year, its shareholders have lost 95% of the value of their shares in the company. The company is battling creditors and needs to come up with a scheme to restructure its debts of RM1.8 billion and US$42.4 million to lenders, including bondholders.

Shareholders are sitting on a RM5.5 billion wipeout in paper losses.

The four directors of Serba who were hauled up by SC for furnishing false information have paid their fines totalling RM16 million, which is a measly sum compared with the losses suffered by minorities.

Bankers have filed a winding-up petition on Serba and are seeking to appoint an interim liquidator to recover the debts. The company has assets but it is unlikely that the bankers will be able to fully recover the amount they lent to Serba.

As for the shareholders, they have little choice but to hold on to their shares and hope that the company’s fortunes improve, which is almost impossible. Past examples show that companies with huge accounting discrepancies do not recover and are finally delisted, leaving shareholders with nothing.

Typical pump & dump...when Awang the co-founder has abandoned ship...cut profit or loss while the going is good...
https://www.klsescreener.com/v2/news/view/989009

Fully agrees.
Btw Awang already sold at 10sens. Just waiting Karim to announce...
Changes in Director's Interest (Section 219 of CA 2016) - DATO' AWANG DAUD BIN AWANG PUTERA | https://www.klsescreener.com/v2/announcements/view/3548429

rr88

Fortune from 0.06 to 0.12.
At 0.12, its trouble.
I took my cut at 0.065 to 0.095.

1 hour ago


rr88

Accounting con company from profit making to loss making, unable to pay debt. Trading only. Up, sell. Down, also sell. Dont try to be a hero. It could go to zero.

Morning...tut tut...loves this pantun...
"tut tut
usah berharap serbadk kemabli jadi king..
usah berangan sapura kembali rm1.00
namun bole dream inari back rm3.00
hehe"

Just beware of the rug pull...
https://youtu.be/61Q6wWu5ziY

Guess Karim & gang sold their Serbadk shares to raise RM16 million to pay their fines...nothing to be proud of ..
"Serba Dinamik and its four top executives, including controlling shareholder Datuk Dr Mohd Abdul Karim Abdullah, who is also the managing director, were compounded RM3 million each for submitting a false statement involving revenue of RM6.01 billion for its 12-month financial period ended Dec 31, 2020 (FY20). The company's audit saga started a year ago when its former auditor KPMG red-flagged issues on its financial accounts.

Beside Mohd Abdul Karim, the other executives were "executive director Datuk Syed Nazim Syed Faisal, who was chief financial officer (CFO) from June 2016 until mid-2020; its current group CFO Azhan Azmi; and vice president of accounts and finance Muhammad Hafiz Othman. Muhammad Hafiz was also slapped with an additional RM1 million compound for falsifying the accounting records of Serba Dinamik's subsidiary."

One day show? Else Karim needs more
ViagraM...

Wah! Many new promoters appears... When will the pump & dump suddenly ends?

Morning...tut tut
https://www.klsescreener.com/v2/news/view/987553

Tks Sslee...so meaning reporting of transactions by substantial shareholder to Bursa will be within 3 to 5 days...so by next week we will know whether insiders like Karim is abandoning ship?

What is the maximum days allowed? Before Serbadk reports to Bursa?
Sslee

Already third trading day. Still no news whether insiders are buying or disposing due to margin forced selling?

If close at 6 sens tomorrow will 5sens...day trader can buy at 5sens & sell at 5.5sens for profit?

Breaking news! BNM increase interest rate...

https://www.klsescreener.com/v2/news/view/987255

Must have taken a leaf from Bossku...
BILLC

Karam not only tipu,,,,he challenged SC and asking,,,

Apa salah saya Tipuuuuuuu,,,,.

If everyday drops 1sens...will reach 5sens & below by Friday?

If today lowest 6sens...2moro will be 5sens...maybe worse if Serba can't give a satisfactory answer to Bursa's query?

Guess how long support at 5sens will hold?

Morning tut tut...5sens odw...

I think some big fish like Karim will use their Serbadk shares as collateral to borrow cash from IB/Brokers. If the margin is broken their shares used as collateral will be forced sale unless they have cash to topup their accounts?
nicholas99

use cash buy how margin call force selling. unless its from before the ban... ?

It's better to cutloss when the going is not good.... there will be margin call regardless of cash upfront requirements...

I think only Awang announced his intention to trade as required by Bursa....Karim didn't maybe the IB will force sale no need to announce?

5sens soon?
https://www.klsescreener.com/v2/news/view/986633

Big selling queue at 0.895...looks like more forced selling ahead? Tut tut