This rubbish stock use PN17 uplift story to cheat bilis. This is the last chance for the director to dispose share, after that it will delist from the bursa. Every one who happen to read the forum, stay away from this rubbish.
Winding up, RP also cannot produce, fake white knight, fake rebound to trap bilis. hahaha what kind of id1ot company. Stay away, baseless foundation to invest hahaha
Pump & dump... Now starts to pump again... Will dump again... Repeat this cycle... Until rm1.00... Then U realised... Wait,this is normal stuff in Bursa Malaysia... U just have to enjoy the rollercoaster ride...⛽
SCB and its subsidiary, Universal Cable (Sarawak) Sdn Bhd, are both facing lawsuits from two banks, Hong Leong Bank Bhd and Hong Leong Bank Islamic Bhd, over a total owed sum of RM95.53mil.
As at May 31, 2023, Sarawak Cable had RM388.64 million of current loans and borrowings, but only RM37.46 million in cash and bank balances. Its accumulated losses swelled to RM283.7 million, with capital deficiency of RM63.9 million as at the date.
Sarawak Cable has been ascribed a Practice Note 17 company since Sept 30, 2022. As at Oct 9, its shares were trading at five sen, valued at RM18.29 million. It has been loss-making since the financial year ended Dec 31, 2017.
Any working relationship with Serendib has ceased. Serendib is no longer involved in any resuscitation plan or proposal concering the Company.
The Company has identified a strong alternative party to carry out a resuscitation plan and is in the process of engaging the services of professionals towards proposing and implementing that plan.
High risk high reward. Scable is in demand. Previous whiteknight is not really cash cow. Scable is opting for more prominent whiteknight. Once announce, price can rocket back to 35-40sen. Sarawak state goverment will have big say in this i think.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
iCashBooster
150 posts
Posted by iCashBooster > 2024-02-08 10:57 | Report Abuse
This company proven rubbish liao, all green rebound all fake rebound to trap more bilis dont be silly