Bursa should tighten the monitoring on listed companies especially those penny stocks to protect investors. Do not simply approve the private placement or additional shares issue
Now then due to sudden termination of contracts( I have the feeling that such contracts were either non-existent or awarded by dodgy com)
1.Are the debts recoverable? 2.are the dues payable? 3.contra or write off of the two above? 4 ending up with fictitious profit after 3 above? 5.very fishy
Finally, after relentless exposures done by some of the diligent posters here, SCIB have finally done something with the much elusive Pavilion Qatar, which heavily suggests there's something off with PQ. I wonder what will happen if nobody brought up about PQ?
Maybe SD will follow suit soon too? Afterall, SD have big projects with PQ.
Go to Pavilion Qatar's website and see it for yourself. For a company that's suppossed to be established since 2009, it's kind of funny its website was only published in 2021. Mind you, this is a company that awarded $60 million contract to SD back in 2019.
Many things are happening behind the door..It could be good or it could be bad..Ur money ur call..Hopeful before end Nov 21 (20 days more or less) SIR will be released though some believe it may be deferred with legal cases on board..But with SCIB settlement above it does give some hint for SD..Let’s see..
Have a look at the Bursa announcements on the “lucrative” Middle East contracts SCIB is cancelling. The share value of this company is what it used to be before Kabam became a director
The final claims stated in the Settlement agreements are consistent with the provisions that were taken up in the accounts. As a result, the termination of Contracts will not have any material effect on the gearing, earnings per share and net assets of SCIB for the financial year ending 30 June 2022. The termination of Contracts will not have any effect on the issued share capital and the shareholdings of substantial shareholders of the Company.
InterFund, wonder why you did not shout fake projects when the contract award's news published in newspapers last time? "Horse behind canon" prediction skill very unconvincing lei.
I understand many stuck at high price.. Hoping for miracles.. But face reality lah.. It's a gone case.. If still can take back 10sen.. Count yourself lucky liaw..
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....
joyvest
10,533 posts
Posted by joyvest > 2021-11-10 07:15 | Report Abuse
It has gone to Holland with no return. Suing bursa will get matter worse. Bursa does not back off and is not afraid of "legal" gangsterism.