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Well not many days left Itacon , very frustrating
Somehow think that there's a link , one that if Bion release there results will show a transfer of Assets to Bion and at a discount.
Did highlight that Bion was owed in RM millions and a trade was offered.
if SD was going under then transfer assets , hence way auditors will not sign off audit.
speculation but fits
Been confirmed to me update due by end of month!
The silence here is really p1551ng me off
Hopefully someone will see potential and buy out SDs involvement in Bion.
Lots of talk mentioned about solar energy etc on the news during COP26 and here is us sat in detention….great stuff
Found tis Serba forum:
https://klse.i3investor.com/servlets/forum/800005607.jsp?ftp=1627
They seem to think SD will fold, but kpower and SCIB will keep trading. Might be a good sign for BION.
Obviously don;t want details released of financials. Its all very embarrasing for a large company. Hopefully BION is far enough away from them to avoid most of the flak.
https://www.theedgemarkets.com/article/serba-sues-ey-seeks-block-any-sharing-review-findings
Buys them a bit more time, but the truth will out. Surprised EY have got involved.
https://www.theedgemarkets.com/article/serba-dinamik-challenges-bursa-court
Thanks roppyus , very interesting read
Have to look at debts owed to Bion and the exchange of assets , not sure if this was serbia dinamik.
Anyway will check
Interestting read:
https://www.theedgemarkets.com/article/alternative-views-unprecedented-developments-serba-dinamik
With it being COP26 and the company involved in green Energy,this should have been the chance to shine,hurry up and tell us something either way!!!
I see the results have been delayed again, because of "audit issues"
Expect to release results in the next few weeks, so now looks like towards the end of November for results... Pathetic company.
BiON (AIM: BION), an environmental engineering, wastewater treatment and renewable energy solutions company, gives notice that it will not be in a position to publish the Company's interim results for the six months ended 30 June 2021 by 31 October 2021. This is due to the ongoing audit process for the Company's annual report and accounts for the year ended 31 December 2020, as announced on 27 September 2021. The Company expects the audit process for its 2020 accounts to complete within the coming weeks, which would enable it to publish its results for the first half of 2021 shortly thereafter. The Company will update the market in due course as appropriate.
Its why i bought in and fundamental's of generation assets
Our audited results may be delivered in our stockings this year. Last update in June suggested 4x revenue on 2019 so i look forward to seeing this reflected in the audited results...
I am sure it will be fine, taken from their website: " The Board believes that good corporate governance reduces risks within the business, promotes confidence and trust amongst its stakeholders and is an important part of the effectiveness and efficiency of the company’s management framework." and "The Audit Committee has primary responsibility for monitoring the quality of internal controls and ensuring that the financial performance of the Group is properly measured and reported on." Lol...
https://twitter.com/tmreserve/status/1453538255824211970?s=21
Strange itacon i read that as well last month but can not find the notes
I think there was a investigation into serba dinamak which party linked Bion and why nothing was published.
Just a gut feeling , anyway results will need to be published soon.
Nice of them to let us know. A total disregard for their investors.
The fire was on an adjacent building and not related to BION. The factory was back up and running on limited capacity last month!
Can't bloody wait!
Not long to wait now. Exciting isn't it!