[Logan]

@Rathi_b, please ask him about the lack of details about few items in the balance sheet like other assets, other receivables, loans and advances etc. In the conference call he told us that complete details of all these items would be mentioned in the annual report but he ignored it.

Only old investors know about these items and new investors and analysts will always read annual reports so it’s always good to mention complete details in the annual report or make regular presentations and update the investors.

Also ask him why the company still hasn’t improved in communications with the investors. They won’t even reply to our mails.

[Optimus Prime 06]

All the best to our Hyderabad team. 👍👍👍👍👍👍

[rajeshmk]

Thank you guys for the perseverance and the efforts you’ll are putting for all of us .

[Raj]

Another question to Skr. Please ask him to take some tips from his counter part CEO of Affle, Mr. Anuj kumar Soham on company stock price performance which is trading at an all time high of 4000+.

[Raj]

Correction: stock price = increase market share

[VALUEBUYER001]

All the Best and sincere thanks to hyderabad team

[Raj]

Good luck everyone visiting the CEO. But Guys, Please don’t ask about the stock price. He’s got nothing to do with the stock price manipulation nor know anything about the operators. Our beloved CEO is very innocent. 😊

[Shivashankar]

Any update today meeting skr.

[Rathi_b]

Hello everyone we have just completed the meeting, please give sometime I’ll update it on the forum. Most probably I’ll do it by tonight or early tomorrow morning.

[sac6310]

thanks rathi and other investors who took pain in corona times to visit the office. was meeting is positive ?

[VALUEBUYER001]

Thanks rathi_b and hyderabad team members . If possible please update in brief first thanks again

[Logan]

Thanks @Rathi_b and team for your efforts. We all are eagerly waiting for your updates.

[VALUEBUYER001]

Please rathi_b please write a brief note today and detailed information tomorrow

[palash231]

SKR already search so many people for issue the warrent.I think that the share price shall not go higher than Rs 7.7 until issuance of warrent. After that all warrent maybe bought by SKR and he may convert it into share capital. Then the total holding of share capital may be increased by the promoter. I think after that he give all good news at the market to rise-up the price of share capital. Then he shall got many high valuation for his company.

One more point is that he already complete the searching so many people to buy the warrent and he also convinced them to buy warrent at greater the market price. Bcoz SKR is very well known that what is the importance of price of share capital. SKR is very well known that if the price is not increase then at any time anybody shall come to buy his company at just Rs 250 Cr(Share capital price) and will get reserve capital almost Rs 3000 Cr.

[ramganesh1982]

@Rathi_b and team , thanks again for your time and effort. Wish to hear all positives from you .. do take your time 🙂 we all have waited enough and 1 additional day (tomorrow) doesnt make much difference imo. Even if we are out of problem , there will be several rounds of drama before everything could settle down on this. A company with so much potential and at this price with so many stocks floating which are not in the hands of promoter – game play is definitely on before it can settle down. My intuition says 2021 we will see new highs in BCG which is only to be surpassed every year for next 2 years min

[VALUEBUYER001]

Exactly ramganesh 1982 sir ji

[Rathi_b]

The third meet between brightcom investors forum’s representatives with SKR.

Date: 16 Dec-2020.

Today we had met Suresh at his office chamber to discuss the issue of the recent warrants, LOC and Daum specifically.

We asked him as to why they came up with the issue of the warrant now. To which Suresh told us he had done it with foresight and keeping regulatory and legal aspects in mind. He assured us in due time, our fears about the dilution will all be allayed. We spoke to him specifically about Parth Bhavesh Zaveri to which Suresh has assured us that there won’t be any manipulations as feared.

Regarding Axis it looks like only a few modalities are left in this regard as the matter is sub-judice, he explained to us that this situation with axis loan is at its final stages of the settlement now.

The LOC now increasingly looks more likely than ever. We are hopeful that we could see it get operational in a little while or after the holidays season is done. We were shown specific documentation about it, and we were very satisfied with all the progress made.

Regarding Daum, Suresh assured us that he would be on it the next day the LOC is approved.

[VALUEBUYER001]

Thanks rathi_b and Hyderabad team for your excellent efforts

[Logan]

@Rathi_b, what are your opinions on the issuance of warrants? Do you find it fishy or is it genuine? Did he reveal more details on that topic?

What’s the need of warrants when they are certain that they’ll get the LOC?

[odysee]

@Logan, I would speculate that the issue of warrants suggests a longer term play on the aspect of promoter holding ( reduced to 22% post conversion of all warrants-if that were to happen ), 40% held by new ‘known’ shareholders and the balance by friendly large shareholders (including the earlier preferential allottees) and smaller retail.
Could somehow facilitate the entry of a bigger player at a certain price point with a decent stake, as well as enhancement of promoter holding and control.
First a dilution with funds coming in, then a redistribution with a revised holding pattern.
Some words quoted by @rathi_b -“done it with foresight and keeping regulatory and legal issues in mind..” are instructive.
Random rationalisation on my part, hence please excuse if it sounds absurd.
Thank you @rathi_b and others for your efforts and contribution to all on this forum.

[Author]

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