Bankruptcy challenged CEO of Sersol has burned 56 pet cent of company's cash reserves.

JUSTIN Lim Hwa Tat is walking on very dangerous ground with his string of MOUs, so called billion Ringgit businesses, which always ends the same way. READ ;  Sersol Bhd's EV venture will generate RM900 million in sales says Justin Lim Hwa Tat

Hot air from promoting the so called billion ringgit business, which at the tail ebs only have the following to show ; no new business, while a vast some of the company's cash spent on entertainment and wet dreams of being the next big thing in Corporate Malaysia.

Let's follow the money and see what the cat drags in . At the start of the first quarter ending March 31 2022 Sersol had RM7.69 million.

AS at March 31 2023, the cash now stands at  RM3.36 million. This are very raw tabulations, which haven't taken into account  the cash pumped into the company via warrant conversion.

WHAT  all this means is Justin Lim Hwa Tat  could have burned as much as RM7 million in 12 months, which translates to RM583,000 a month with nothing to show for , except Sersol's losses turning into a HEMORRHAGE





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