[VALUEBUYER001]

Logan sir I also experienced same problem

[sac6310]

@DH please share your next findings i.e on manipulation of mmb

[Logan]

@VALUEBUYER001, I figured it out. You have to select that see all option. After going to that page, you can download these files.

The strange thing is that, on the main page, you can’t download the files but the same files can be downloaded if you go to the page that contains all the recent announcements.

[Diana Horton]

DIPLOMA IN CORPORATE GOVERNANCE

A practical and structured training programme aimed at increasing the knowledge and skills of those charged with making governance work in public bodies.

Approach and Objective of the School

To contribute towards better understanding of corporate management and governance issues.

Management expertise is a key requirement for private as well as state owned enterprises, and the School draws upon the management and governance experience of its faculty to create a dynamic system for exchange of ideas and information.

To facilitate global knowledge expertise for local applications, and in turn promote best corporate governance practices from India at the international forum

To create a global network of partnership and linkages with the best of related institutions and organisations both at operational and academic level

To advance and support government bodies, corporate entities and professional through advisory solutions, capacity building Programmes and specialised training that enable good governance in the operational business

To create an environment for systemic reforms as well as initiate plans and Programmes for cumulative change within and outside organizations.

I AM WILLING TO PAY THE FEE FOR BCG ON BEHALF OF THE COMPANY AND ITS PROMOTERS AND BOARD OF DIRECTORS

ANY WILLING RETAILER CAN SHARE THE FEE FOR THE COURSE ALONGSIDE ME

Date of Commencement : Aprils Fools Day 2021

Attached is the PDF application form

https://iica.nic.in/images/4-Months-Online-Certificate-PrograM-CG-Batch-7.pdf

[anirudhreddy]

@Diana, i am willing to contribute as well for this nobel cause which can enable the management to take good corp governance decions and maintain transparancy in all the tangible/intangible, verbal/written assurances made so far. To be honest BCG really defies all stock market rules and ethics and goes beyong ones study and reach. No wonder why the stock trading at these levels being in such dynamic business and industry. I sometimes feel did i give up already or still making me believe on things skr way.

[VALUEBUYER001]

Respected DH, I am also willing to contribute a little amount which is possible by me for sponsoring BCG management

[JRS]

Is it possible to go for PIL ( Public Interest Litigation) for operating the stock and playing with public money and handling carelessly. Also for not giving enough opportunity to ask questions relating manipulation of share price, because when ever it is asked management will say that is not in their control, then What about proposed PW investor trading. We could sense active involvement of management in manipulation of share price.

So let us ask judiciary to order for transparent enquiry into the matter.

[anirudhreddy]

There is a disclosure by BCG on Axis Bank settlement status.

Attachments:

1. 77da253a-1f47-42be-a4b1-1d77d7971bf2.pdf

[anirudhreddy]

@Diana, your inputs on the disclosure made to exchanges. Is this positve and need of the hour from management or did we hit the nail in the coffin at the right time. Much appreciate your views on this.

[Diana Horton]

@anirudhreddy…

Many Thanks for asking me an opinion.

First of all I thank the BCG mamangement on behalf of the retailers for taking efforts,respecting the Emotions of the retailers and coming out with a Clarification Note.

Looking at the Notification, It appears that the Axis Bank where the Loan is held has possibly given a Nod in the Loan clearance process. However, the Final authority needs to come from the Head Office Considering the Court Process thats going on and the Amount of loan.

The Very Fact that Rs 5 Crore was paid yesterday shows the positive intent by the BCG Management.

in my view, Clearly The correspondence from the Deputy Vice President confirms what the management has requested of them- REQUEST of SETTLEMENT, along with deposit payment- is certain Good Move in the positive Direction.

We thank the management for the Cautious deed in, formally informing the Retailers and keep the retailers abreast of the development and offering appropriate Clarification at the time of the Need.

We also wish that the management before the Conference Call gives as all- a Good News, both from the Legacy payment closure and Warrants approval and thereby start steering the Vessel Move forward to the appropraite destiny, smoothly and steadily

…………………DH

[hw_tw]

Another disclosure…Again people are in shock…:-)

[Logan]

I think he likes valentine’s day very much that’s why all these announcements now.

So people, from now on, if we want anything from him, we should ask during valentine’s period. Other days if we ask him about something, he won’t be this open/interested.

If you all remeber, many times we requested for the conference call to be held for 2 hours but he said yes only for last year’s Q3 call which was during the valentine’s period.

(Just a joke, not to be taken seriously)

[radhutheoptimist]

Very unprofessional way of handling things. There was no need for them to post a press release before court hearings. Now this subsequent clarifications… Looks like company secretary requires lot of training first. Let those technocrats hand over the day to day running of the company to some better guys. Let them go back to their coding which they are good at…

[harshay]

Very unprofessional way of disclosing the email content. And mytake from the latest announcement if any is STILL BCG IS WAITING FOR FORMAL APPROVAL.

[VALUEBUYER001]

Whereas the bank has stated competent the company secretary has stated competitive/ regulatory. Competent is higher authorities of axis whereas regulatory is RBI. CS can refer dictionary online

[Srd.rdx]

In onne of the concall , master said. It’s a question of 8 crores vs 20 crores.

How did it became 40 crores???

5 cr payment is of couple of months ago and not recent.

[vgsatwork]

Again, a lesson for BCG in corporate governance. Email from bank warns them that it should not be deemed as accepted or admitted by them. Yet, BCG went ahead and put out a press release saying that it has settled.

I am sure someone from Axis must have warned him looking at the press release of 14th Feb and as a result, an hurried late night clarification update which has their verbatim reply (with screenshot) has been provided as an update to exchanges.

This saga can clearly be highlighted as a case for price manipulation since there was no significant development on the ground and yet management issued a press release only to subsequently issue a clarification with verbatim response from them. This obviously seems to have been an attempt to influence the price of the stock by putting out a press release when there is no material development/change in an issue that is sub judice..

[radhutheoptimist]

They are very consistent in confusing the retail investors who depend only on press release and BSE announcement. They announced dividend and not many including me got a penny. When the market receives the result with positive note the loan confusion came in. Looking at these I am sure many retailers will dump and run the moment they see a small rise in the price and never turn back. This is exactly they want to happen. If that is the motto then they are playing the game very well for their benefit… But very cunning. If not whole thing looks very childish.

[nitin_asce]

I think we should ignore all such notifications.

My father was in bank and I know for sure agreement is in place and only then payments are made. Otherwise bankers will take part payment and still negotiate with company on balance outstanding amount. It gives upper hand to bankers in negotiations. And suppose it has happened, then there is a very high chance that axis will ask for full repayment and will not settle for anything lesser.

I give you an example a settlement is made when bank evaluates that party is unable to pay.
Here case is different the party is unwilling to pay but has means to pay.

[sac6310]

I had sent mail to BCG Investor relation 3 days back regarding an update on LoC and gentle reminder yesterday . They had not yet responded back. I request every one to send the same so that they will issue update either to exchanges or in con call like they informed about axis update y’day due to a lot many query by retail investors about it.

[Author]

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