Have you ever come across any company which has been delisted returns like the empire strikes back ? SD is notorious due to its false accounting akin to the collapse of Enron in US.
The moral of this is that do not annoy the External Auditors who are mostly right. The frauds in Enron was highlighted by AA ( External Auditors ) in the US. The External Auditors will not give a disclaimer for no valid reasons....
KPMG , as one of the top 4 auditors, has vindicated their findings in this so called sophisticated scam. Dr.K is said to be the smartest fellow for the wrong reason but turns out to be the luckiest guy in the whole world, who is still at large and free from criminal prosecution..............
This company CEO Nn Director no need to Responsible anymore...that's why Malaysia share market...like old man push the car....eventhougth KLCI over 1600 points..but .market still unhappy...
final appeal was rejected by bursa..... how not to be rejected SD even tried to sue bursa, sue auditors - first KPMG and then EY, I think they tries to sue SC also LOL..... how lah wei, nity night SD
There was no problem for SD to resort to legal recourses to seek justice as they had absolute right to do so. Following the litigation, it was apparent that they were guilty of false accounting as a result of which they were punishable with heavy fine. The justice has taken its course well.
Bursa pun Hantu lah...drink blood n eat meat.....look now many new listing IPO....is made money n run...more is no quality stock....new listing first day trading show time....after few days miss hilang.....
She has been a steadfast diehard of SD so much so that she is delusional of the highest order. She is sinking along with it so to speak. Is she remorseful or not ? I am not too sure.....
Serba still around till bankruptcy. Only struggling to survive to service its debts to the banks and institutions. The company is no more listed to public and no chance to raise funds. Good for public to avoid any futher scam on those innocent investors who lost to the modus operandi scam of Serba management by falsifying income and sales. If it ever comes back the entire management need to be revamped and changed. Otherwise it will be mocked by investors.
Kind of missing the pusxy cat around who has been entertaining us with her fantastic 4 and fleet of battleships to be " unsinkable " as claimed by her.
serbaD owners all laughing.Penalised few millions only but whacked millions including me losing closed to 80k. should send them to be Najib's cell neighbours. but this is Msia. NFA culture.
Yer,pity on those who were delusional to keep averaging and averaging with false hope of resuscitation and get burnt heavily in the end.
The moral of this is that once the company is embroiled with false accounting,it is destined to be doom eventually. It is basically untouchable no matter how cheap the share is,how generous the warrants as carrots on the sticks is....
The moral of this story is to trust the external auditors more than the doggy management such as this particular case. The moment they challenged with the external auditors, it was basically " good and say goodbye " by exiting fast .....
Unfortunately, only B40 blue collar criminals got jailed e.g. for stealing cheap milk powder for their infants, not multibillion $$$$$$ white collar criminals. Dxxmsday is approaching.....
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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....
0007
1,134 posts
Posted by 0007 > 3 weeks ago | Report Abuse
Retail investor is the victim