wow did u guys read the annual report published..... auditors gave it a thumb-down, looks like possible inter-company related party money changing hands..... where everyone benefit at the expense of shareholders.... looks like revenues from 2021 onwards mostly sham.... once the directors forced selling complete, directors will easily wash their hands off ...... haishhh, caution pls stay away
Auditor DID NOT give thumb down. Auditor draw concern over the past receivables, contract and payables in year 2019 till 2022. The SIR conducted as recommended by Auditors, CERTIFIED AND VERIFY the genuine contracts on the hydroplants. private placement for ECRL already fully utilised. The Edge, dated 26 Dec 2023, stated clearly, KPOWER mentioned the EPCC contracts which the relevant “project owner”( siapa lagi) had yet to obtain financial close, or pending disbursement from the Financiers. Who are the “Project Owner?” Also, in the article written., “the contracts that are being impaired are related to the company’s existing as well as former shareholders”- Who is the former shareholder?
So when Karim left KPOWER, could he be the one who is the “project owner”?
Well planned by Operators ….wait for write backs from impairments of EPCC …expect positive QTR ended 31-12-2023 to be announced this week or next if no more impairment
Nowadays we can simply buy any counter/stock in the market but to choose stock that still cheap and got potential is very hard…so MINETECH is the best option/choice guys its still cheap and the most important is FREE from market manipulation/cunning operators guys 😎🤞⬆️✅
Based on press announcements, the construction work was billed by Serba. 🤣
KUALA LUMPUR (July 19): Serba Dinamik Holdings Bhd has secured an engineering, procurement, construction and commissioning (EPCC) contract to build two hydro power plants in Laos, which will have the capacity to generate 30 megawatt (MW) of electricity for US$66.2 million, equivalent to RM268.8 million.
Serba Dinamik said the contract was awarded by Nam Taep 1,2,3 Hydropower Co Ltd to its wholly-owned subsidiary Serba Dinamik International Ltd, which is valid throughout the next 43 months or 3.6 years.
Please remember the warning. 13/2/24 11.51pm Reneuco 5.5 cents Possible revisit 3-4 cents again.stop buying for a while.q urself. On this range possible 50 percent bounce or above. 11/2/24 9.03am
MACC should investigate the RM122 million Impairment exercise and see whether there is hanky panky to cheat the company...and whether recoverable etc... will be good for Reneuco..
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....
Eagle77
6,978 posts
Posted by Eagle77 > 2024-02-12 08:10 | Report Abuse
Those who promoted Serbadk last time killed a lot of people 🩸🩸🩸☠️ money became toilet paper 🧻