THERE definitely is more than the eye can see in the case of Serba Dinamik, and this train of thought has been fortified by creditors overwhelming support for its debt restructuring exercise .
There's more than the eye can see
You've got more that gets to me
Deep inside you lies
That wonderful surprise
You've got more that gets to me
Deep inside you lies
That wonderful surprise
ITS one thing massaging your accounts to pull the wool over the public eye,.but it's a whole new different ball game trying to fool suspicious hard nose bankers the second time around. READ : Creditors vote in favour of Serba Dinamik's scheme of arrangement.
NOW that creditors are satisfied after doing their own due diligence that your assets are as good as you say, don't you think that common logic will dictate that those assets can also earn as much as you claim?
PERHAPS Serba Dinamik's mistake was they merely brought forward some of their earnings,. which is not a crime in accounting terms and that the real crime was that after the company refused to buy a certain dockyard at an inflated price,. somebody wanted the group to be broken up into piece....