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 Serba Dinamik Group Bhd, Upcoming IPO

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propertyfeature
post Jun 23 2021, 07:49 PM

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Serba will never be the same again.. from O&G maintenance to "tech" all the way to Space.. many red flag signs from the beginning..
propertyfeature
post Jun 23 2021, 07:58 PM

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QUOTE(coldbasecamp @ Jun 23 2021, 07:53 PM)
eSports MoU Signing with MESF and ESS
e-Sports pun ada. macam-macam ada.

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sweat.gif how can shareholders trust this company lol
propertyfeature
post Jun 24 2021, 05:00 PM

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QUOTE(coldbasecamp @ Jun 24 2021, 02:22 PM)
OTHERS Serba Dinamik Holdings Berhad - Resignation of External Auditors
KPMG has ceased to become auditor for Serba Dinamik.
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Serba just shot itself in the foot..
propertyfeature
post Jun 28 2021, 04:04 PM

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Market cap will surely hit below RM1bil, around RM300m range or less.
TP RM 0.10 .. smart investors won't touch it .. only those with delusional expectation will add
propertyfeature
post Jun 30 2021, 11:10 AM

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https://www.theedgemarkets.com/article/serb...er-audit-issues

Paper loss over RM 1,000,000,000
propertyfeature
post Jun 30 2021, 06:50 PM

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QUOTE(erizdagreat @ Jun 30 2021, 04:26 PM)
The directors are understandably furious for losing more than a billion ringgit in wealth each, but they still fail to address the audit issues to satisfaction, and keep harping about how mad they are that KPMG followed the rules and reported to SC.

The fact that KPMG had to go to such lengths to test the existence assertion of Serba's customers and suppliers tells me that such suspicion had been brewing all this while.

Directors are supposed to do their director jobs, not complain abt share price.
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Correct, another red flag as I recalled Karim mentioning that his share price should be higher than currently traded in one of the interview. All that was before the KPMG drama, lots of signs ...
high debt company, like a vampire having to do countless private placement sucking up funds dry .. just to perform pp again

 

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