February 2, 2021 at 2:14 pm #10402hw_twRegistered Boarder
Scientists Have Taught Spinach to send Emails and it could warn us About Climate ChangeFebruary 2, 2021 at 3:43 pm #10404sac6310Registered Boarder
@rpm87 i think this policy is for those holders to whom dividend has not able to process/credited. here, not a single shareholders had received any yet.6+February 3, 2021 at 9:56 am #10405ShivashankarRegistered BoarderFebruary 3, 2021 at 11:55 am #10406bhalothia9Registered Boarder
Good thing is that now average share price is staying above 5, whereas in 2019 it was around 4 I guess, so slowly and steadily we will see BCG back to where it belong.
Another positive seen is that the Number of publishers who authorise brightcom have increased significantly in last one year, from 2.4 to 4.4 now, as seen on Adauth. So lets be Happy with what we got and hope for best.
@Admin Jee, I believe we should capture statistics from Adauth every month, this will help check progress over time.February 4, 2021 at 1:10 am #10409
Dear Admin and all BCG Friends, Yesterday night I have sent an email to BCG IR (brief of my email is as follows);
Dear Brightcom Group IR Team,
Greetings from XXXX and currently holding XXXXXXX quantities of BCG.
My Credentials are as follows:
DP ID: XXXXX
With reference to your Dec 2020 Annual Report point no 7, Page 9.
“7. The Company has fixed Monday, December 21, 2020 as the ‘Record Date’ for determining entitlement of members to receive final dividend for the financial year ended March 31, 2020, if the same is approved at the AGM. Payment of Final Dividend, as approved, shall be subjected to deduction of tax at source, and the net dividend, will be paid to eligible shareholders on or before January 25, 2021”.
Until now, the dividend is not yet credited and also there was no intimation / justification given by BCG Management which is legally not acceptable and it may destroy the reputation & potential of BCG.
Kindly either update your Dec 2020 Annual Report with revised Dividend date & update at BSE Website or any kind of official press release from BCG in this regard would be highly appreciated.
Looking forward to hear from you before I take any kind of legal procedure.
Thank you very much for your understanding.
I have received a reply from the management through “whatsApp message” (I don’t think its appropriate to disclose the identity of a personnel at the open forum).
Good morning Mr XXXX
I saw you email. Wanted to chat.
There was a hiccup in the dividend account setup due unforeseen circumstances. We are working diligently to set that right sir.
Just a few days all should be well.
We are unhappy that it upset a lot of shareholders as well.
I wanted to personally reach out to you.
Hence the ping…
Even though the reply was not satisfactory with regards to “dividend account setup” but I would conclude from his reply that something good may happen soon and almost all the outstanding issues are in the final stage (or already sorted out / they have got some of the approval and just waiting for the PW approval from exchange).
Now we may indirectly guess & link this reply with Hyderabad Team’s (Special thanks to Rathi_b & Team) reply and stay with full hope & trust. Personally I believe that it’s a matter of time and BCG should show its real value soon if the promoter is really serious on their business. I am 100% positive on BCG’s potential & growth path in the forthcoming days which is not too far (any time we may expect the unexpected). Best wishes & Thank you all.February 4, 2021 at 7:35 am #10410
Guys, Let us be cautious in passing unofficial information coming from officials. If dividend account setup was the actual issue, it should have come through the exchanges. Management will do such things only if they don’t want be held accountable for what they are telling. Doesn’t mean the person passing the message is lying. But possibly management is using some of us as messengers to pass wrong information. Just be careful and don’t take anything that’s not through exchanges at face value.February 4, 2021 at 7:44 am #10411
Dear explorer, what do you mean by the term “cautious”?.. Are you trying to say something to investors? I mean to sell..February 4, 2021 at 8:26 am #10412
Dear @explorer, kindly may I know the meaning of your message here?. I know very well that his reply of “dividend account setup” is not appropriate & he don’t want to disclose the internal development or damage but I have clearly mentioned in my email as well as during my chat with him that “official information/justification” should be given to all shareholders either through press conference from BCG or update on the exchange. Let’s wait for their action in this regard and I have clearly mentioned that I may intend to initiate legal procedure against BCG if they failed to do that. Hence, now it’s purely our decision by individual to stay with patience or react. Besides, I believe that at one point in time we should trust each other within our BCG Investor Forum members and travel together with unite & patience to find out the appropriate way for the best outcome. Thanks.February 4, 2021 at 8:59 am #10413vgsatworkRegistered Boarder
Thanks for the update. The delay in dividend payment is not the problem here. It is the communication from the company to the shareholders about the same. If there is any genuine issue due to which they cannot stick to the timelines, they should have come forward and informed the shareholders through exchanges and that is how they can build their credibility.(Disclosing unpleasant news as well and showing that they are being transparent)
My problem is till date they have not said a word about this dividend and PW status to investors through update to stock exchanges. Unlike the common say that no news is good news, w.r.t markets no news is bad news and that is the problem the management needs to recognise and addressFebruary 4, 2021 at 9:46 am #10414
Thanks @drjaysee for the update. Your update goes in tune with our already formed opinion….. The management will pay dividend little later….
The reason they explains is a lie.. Many friends reported that fund has not been paid to Arti for dividend payment. So it is not a question of hiccup in account. But the promoter might have expected the warrant approval before 25th. There is a small hiccup there. It is becoming little late. Till then they have to keep price around 7.
We have to see that the sole beneficiary of price suppression now is the promoter. So long as that remains, no scope of price appreciation. Some or other tricks will be played till then. Let us expect the the warrants will be approved soon and issues will turn to better side.
We have got a corrupt promoter. But there is no point in complaining. Because we are complaining to a more corrupt authority. That will yield nothing.February 4, 2021 at 9:55 am #10415SaachRegistered Boarder
@Sobha! with due respect to you, my humble request and will appreciate it if you could please avoid to give your judgement on the character of the Promoter(s)! Are the having any proof to address someone like this? If not then please do not express your such comments on anyone. My regards.February 4, 2021 at 10:01 am #10416February 4, 2021 at 10:25 am #10417
@Saach, I don’t want to make any commends further. Certain times the evidence unfolds through Omission but not through Commission. Even courts accept that. For example, if an infant of some weeks dies of malnutrition without any other reasons, the parents are made guilty. It is not due to any acts of commission. But for not doing the necessary. That is giving food to infant in that case. The parents are bound to know that the infant will die if not fed.
Having said that try to understand the reason for Warrants. We were reported to be in final stages of LOC. Every identified problems could be addressed with that. Then why a massive dilution of 67% at only 15% of book value? Why promoter failed to explain? Why the problem with dividend? if the problem is genuine, why not notified properly? The things are self explanatory…
Don’t take any thing negative from this. I am vey positive due to the robust nature of business which can be verified through other means. For example adauth statistics on advertisements.February 4, 2021 at 10:33 am #10418sac6310Registered Boarder
I agree with @sobha ,why they are not updating through exchanges to all ? there must be happening something(good or bad.. only god and SKR knows) behind the doors by promoters . but never seen such a low corporate governance in any company. they need to improve a lot in corporate governance if they have to gain confidence of big GENEUINE(hope u had seen comment made by rk bansal) investors.5+February 4, 2021 at 10:44 am #10419SaachRegistered Boarder
@Sobha! I appreciate your response and it is very well justified; but it does not give us being an investor(s) a right to call someone corrupt which is not correct in my sense. Only CEO could not be held a responsible for the current situation! Simultaneously you agreed to the robust nature of business and who is behind this progress of the company? In the end only my request that we all have freedom of expression but no one gives us a right to call “corrupt” someone who brought this company to this level! Kind regards.1+February 4, 2021 at 10:45 am #10420
Agree @sac310. But question is, why to fail in corporate governance? When funds like oak wanted to exit, it was supported with massive information and subsequent price rally. Same was the case in 2014 also when some funds exited.
So it is not that the promoter don’t know the value of information. Just opposite is the case. Dissemination of information will hurt the personal interest is the matter. So there is no corporate governance because that is satisfying somebody’s interest.6+February 4, 2021 at 10:58 am #10421
@drjaysee nothing against you. My point is it is easier for the management to communicate through the exchanges than to find the WhatsApp number of a complainant and convey only to him. What is the motive here? Maybe the management thinks that the information will reach the forum if it is passed to you? Even I wrote to the company couple of times in the last two weeks. But haven’t heard back from them. Forget about WhatsApp, not even in email. Not sure how they are selecting the investors to respond to. I’m sure many others in the forum also have written. Why only you?February 4, 2021 at 11:05 am #10422February 4, 2021 at 11:45 am #10423
Dear @explorer, Yes, I agree with you and this may be a mistake from my side that I have not posted the “evidence” of private WhatsApp chat (didn’t expect) & actually I was expecting the appropriate reply through email for my complaint (for future legal procedure if needed for my reference). Regarding your query of “I’m sure many others in the forum also have written. Why only you?” – It’s my guess that “the email which I have sent” was through proper channel of “Ministry of Foreign Affairs” since I am currently working with Overseas Govt & living outside the country. Lets focus on the technical & other corporate Governance issues instead of debating. Please ignore my message if you feel that its inappropriate & pave the way for manipulation then I kindly request @Admin to delete my message from the board. Thank you.February 4, 2021 at 11:47 am #10424
Explorer, you hit the bulls eye.. Agree with you.. No evidence means chamchas are here to soothe the retailers..7+
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