for those who holding KGB.



this chart is dated 5 May. Draw by me to warn my friends.

head and shoulder forming.

do consider there is possibility the operator will press the price down before they start pushing for bonus + warrant. 

The AGM to approve the bonus + warrant will only happen on 15 June. KGB QR will release around 29 May.

it may go sideway but higher possibility will happen as what I drawn.


this chart is dated 7 May. I highlighted possible resistance that you can consider to TP/sell forward if you don't want to hold through the operator pressing period.
P/S: normally I don't share out my thoughts in public. But I saw a few here (that I think that are open minded to learn the correct way) are holding KGB, so I forewarn.

good luck.

my 2 cent.

Missed your reply.... sorry.

(2) was the one for me....  let me paste it again....

(B) Certain transactions on purchases and trade payables balances on local supplier

Two local suppliers were incorporated on the same day.

Four local suppliers were found to have the same registered address as the two local suppliers above

Five out of the six suppliers were noted to have paid-up capital of RM100,000 each whereby each supplier is owned by an individual shareholder despite having transactions which ranges between RM60 million to RM96 million.

Serba Dinamik’s actions for (B):

Choice of local suppliers

The Government of Malaysia has implemented the Vendor Development Program (VDP) since 1998 of which the objective is to develop Bumiputera vendors to be successful in the manufacturing and services industry.

The Company became a Petronas vendor in 1997 and graduated from Petronas vendor in 2007 and subsequently, the government has appointed the Group as the anchor company for the program. The aforesaid suppliers are assessed and recommended by supply change management under the VDP.

Companies that were appointed as the group’s vendors do not require to have huge share capital as a condition to assign and fresh vendors will also be considered, through VDP.

Same address of local suppliers

Company has informed that the registered address was actually the company secretary’s office and these companies are using the same secretarial services. Arrangement on further interviews with the local suppliers 2 suppliers have agreed to meet up with KPMG. Notwithstanding, KPMG has yet to take any further action.
*****

This is my understanding....

from the auditor point of year.... there's six suppliers.... the suppliers were big suppliers, judging from the said transactions ranging between 60 and 96 million...

and when the auditor sees big suppliers and all having the same address, and worst still 2 incorporated the same day (what are the chances? 2 new suppliers incorporated on the same day and with the same address?)

It really sounds so fishy and I can really understand why it was flagged....

the answer... the last part....

giving the answer that all these 6 suppliers used the same address because all these companies were using the same secretarial services???

aiyoyoyoooo...... I find that so hard to comprehend.

I see so many questions...

If one is a supplier, supply goods/services ranging between 60 and 96 million, surely one would have used their company's own address?
Does these 6 suppliers even have a real address?
Since when do suppliers furnish their secretarial address to their customers?

Oh yes, profit is still fat.....

and this is why a lot of folks are unwilling to sell.....

If only folks are willing to study and understand the great collapse of MPI (posted b4) last time...
they will see....
the one important lesson in stock market...
ie ... a stock CAN STILL CRASH despite having fantastic current earnings.

Let me copy and paste what I wrote....

MPI crashed when profit was still growing incredibly


how share buyback could NOT stop the crash .... (yup, share buyback for whatever it stands for, will not save a crashing stock! )


both postings made last month....

The single biggest problem for novice traders is overconfidence: thinking they know more and have more skill than they do. Using the word "investor" to refer to a newcomer who just so happens to have made a winning trade is like pouring kerosene into a campfire.

https://www.wsj.com/

Only after the tide would tell who was swimming naked.

According to a Jedi master, bursa value buy is coming. Those in for long haul, is time to save up lava.