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Was researching today this and just saw this today!!! Serbia Dinamik is a a Malaysian conglomerate with 20% shareholding in BION
https://www.theedgemarkets.com/article/serba-dinamik-shares-suspended-today
“The board is in the midst of appointing an independent firm to commence a special independent review to assess the veracity and accuracy of the matters,” it said.
Put me off big time ... sounds like coudl drag on for a while. Serbia had been touted as a supportive shareholder by VSA in their video a few months ago ... but this could go blow up badly. https://www.youtube.com/watch?v=FyO6u5XouzA&trk=organization-update-content_share-embed-video_share-article_title
Groan ... AIM!!
List of shareholders on https://www.bionplc.com/investor-relations/
someone wants in cheaper look
lol
I think wait and see and DYOR. I was seriously researching this company and have trawled through a lot of their RNS, AR and interviews, not that there are many and was considering investing. I will wait and see how it unfolds. Just saying "buyers' beware". I have been sucked into some growth stocks in the past that later collapse and jsut saying DYOR. KPMG have been appointed to conduct an independent review so this will likely drag on. Analysts have downgraded Serba. I would be saying thank you and not weasel, blind faith not the way in stocks!! :)
https://www.theedgemarkets.com/article/analysts-downgrade-serba-dinamik-after-audit-matter-flagged
Hilly, information shared is always good. We all need it to make informed decisions.
KPMG are the external auditors, the company have appointed others to review the comments provided by KPMG.
I am not overly concerned and am sure they'll be fine. Fair play to them for being open and upfront with the fact they they are investigating comments by KPMG.
Thanks. To appoint an independent firm suggests that the matter is serious. And thanks for the support in sharing information. It's sad when some people just want to make up their own reality and ignore the evidence. I will avoid for now.
https://serbadk.investors-centre.com/new-announcement.htm?NewsID=202105255000022&Symbol=5279
OTHERS Serba Dinamik Holdings Berhad
SERBA DINAMIK HOLDINGS BERHAD
Type Announcement
Subject OTHERS
Description
Serba Dinamik Holdings Berhad
Serba Dinamik Holdings Berhad (“the Company”) wishes to announce that the Board of Directors (“the Board”) was informed by the external auditors on some matters pertaining to statutory audit.
The Board is in the midst of appointing an independent firm to commence a special independent review to assess the veracity and accuracy of the matters.
An updated announcement will be made upon the finalisation of the said appointment of the independent firm.
This announcement is dated 25 May 2021.
And so it begins....
DYOR
Hill billy
Who cares whether you but in or not! What a feeble attempt to get the shareprice down and as you can see from the share price,you can’t actually influence the price !
He is frustrated that he can’t buy in even cheaper despite his trolling!
Hillbilly-thanks for the post.It is crucial that we get all information-positive and negative.You are clearly NOT a deramper,but a proper investor who does his research and I much appreciate your post.Personally am staying long as this to my mind does not directly alter BION's separate fundamentals.
Like this part: as this to my mind does not directly alter BION's separate fundamentals.
How suspension of Serba would affect Bion? These are two different legal entities. There is also 80% of other capital involved.
Thanks AimForRenewable.