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In all honesty,I have no idea!!!
Suspended with limited information after a fire which appeared to be hotter than the the surface of the sun and no one was allowed anywhere near anything,people posting about Serba dinamak stuff and how it will affect bion.positive posting about palm oil which is great but it references a country 1000’s of miles away from bion which seems in absolute turmoil….I have no idea what is positive anymore!!!
Not good:
Bursa Malaysia Bhd has resolved to suspend the trading of securities of Serba Dinamik Holdings Bhd, including all structured warrants, effective from Friday afternoon.
That seems like the ideal job and company to work for….no one does anything!!!
Information of Job Vacancy
Title of Job : Manager Human Resources
Company Name : BiON Plc
Placement : Kuala Lumpur
Date : 20 September 2021
It says on the website, on the article where it says they csnt announce results on September 30th, that shares will be suspended until they announce results. Then it says they'll announce results upto June 2021 on this date.
the Company's shares will be suspended from trading on AIM pursuant to the AIM Rules with effect from 7.30am on 1 October 2021.
The Company also announces that it intends to take advantage of a one-month extension available from AIM to 31 October 2021 for the publication of its interim results for the six months ended 30 June 2021.
TEMPORARY SUSPENSION OF TRADING ON AIM BION PLC
Trading on AIM for the under-mentioned securities has been temporarily suspended from 01/10/2021 7:30am, pending publication of the company's annual audited accounts.
No date of when , could be next week ?
Seems to be delisted now - Anyone know anything?
Aren't they releasing some results on October 31st?
Agree with what has been said. An absolute horror show this share has been.
Very suspect making lies continually to not announce results.
Keeping everything crossed it is genuine and we get good news... Got alot invested here
Totally agree , but we are where we are.
Have a lot invested here so all can do is wait
Whatever the reason it seems we will be the last to know. Nothing about the Malpom fire, no updates on when accounts will be finalised, no reasons for delay given (COVID is no longer a valid reason). Companys with good news can't wait to tell the market, companys who may have something to hide can merely delay the bad news. To be in a position where you would rather have the shares suspended than release the audited results does not bode well.
Maybe Serba Dinamik stated that the value in Bion is X when in fact Y , delaying the accounts to re-value Bion assets .
Bion are owed money and in recent deals part of the debt is being paid in generation Assets with cash element.
Who knows that's my guess.
Hmmm, maybe investigation was extended to include involvement in Bion... It's not great, but if there is a formal investigation on Bion as a business, I am sure they would have to publish RNS asap. On that basis I am assuming that it's not the cause of the delay. I think it's more about recent fire and issues caused by lockdown. Maybe there are other external causes we are not aware. Let's see. I am holding to the shares regardless and see what Bion does next.
Makes no sense the Malaysian covid has been coming down rapidly and there is no reason not to be able to go into offices it is crazy
Closely linked to Serba Dinamik (personnel wise) who haven't had their accounts signed off yet and are been investigated for various anomilies around the value of assets. I am invested here and won't sell as I hope it can be sorted. Doesn't inspire confidence when Covid is used as an excuse, Audits happening everywhere at the moment.
Just a reminder and one to reflect
If it was bad news then the following would not have taken place by a director
Director Shareholding
Further to the Company's announcement of 30 April 2020, Mr. Habizan Rahman Bin Habeeb Rahman has completed the acquisition of the entire issued share capital of K2M Ventures Sdn Bhd ("K2MV"), which has an interest in 114,361,409 ordinary shares in the Company. Accordingly, through his 100% ownership of K2MV, Mr. Habizan Rahman has a beneficial interest in 114,361,409 ordinary shares representing 26.5% of the Company's issued share capital.
RoppyUs, What's MCO? And why this would prevent access to the company financial/ operational results needed for the accounts? Also, according to today's RNS it's apparently Covid preventing accounts timely submission. That's a bit weird
“can’t get into the office” ….do they not have DR set up for the company data and access through VPN!!
As the heading states on this thread…there is something not quite right here and suspension looming on Friday
DYOR
I think everyone on here is regretting being invested in this dog s*** share.
Absolutely horrendous.
With results being posted end of month, I can see this getting even lower.
Fuming with myself being invested here and missed out elsewhere, about 55% down now....
Best of luck to everyone here, fingers crossed we might get some luck.
Flip of a coin now if you think there is nothing wrong. Just can't get into the office. Probably looking at new year at the earliest to see what happens.
Doen't seem an issue for anyone else to get their accounts audited.
I've picked a shocker here unfortunately.
To have the results delayed by so much that it causes the stock to be suspended makes me wonder if something else if going on here? Any ideas?
So latest we will get full year results by Thursday , lets hope a good profit margin also insight to any more assets bought.