February 15, 2021 at 1:27 pm #10848sobhaRegistered Boarder
Judge was angry in not settling the case. As 5 cr is paid, Axis adv agreed to March beginning.4+February 15, 2021 at 1:48 pm #10849sac6310Registered BoarderFebruary 15, 2021 at 1:53 pm #10850jay69Registered BoarderFebruary 15, 2021 at 1:57 pm #10851February 15, 2021 at 1:57 pm #10852Diana HortonRegistered Boarder
The FOXY Mind……
1. The Share price shouldnt Go Up untill Target is met
2. For which Hyped Up Axis Bank issue has been played catalyst since Aug 2019
3. Warrants approval Not in Hand, yet- Hence dosent want to PAY Axis bank in Full
4. Need to play Bikaari Drama in front of the Judge to prolong the event untill warrants are done.
5. Need to soothen the Irritated retailers by playing with the Words in the public Announcement
6. Have Got the Full Capability of paying funds- When Compelled and hammered hard by the Honourable Judge. The issue is – Voluntary Procrastination attitude which Costed the company to shell 20 Crores more and Augment share holders misery
7. RIGGED the share price,ever since 2016, in a carefully planned Methodical 5 year saga- Just to get the End Point of Increasing the stake – at the cost of SCREWING OWN COMPANY shares and its Retailers.February 15, 2021 at 2:14 pm #10853Diana HortonRegistered Boarder
Many Thanks for bringing these topics.
CREATE an ILLUSION of OPTICAL ARTIFICIAL HURDLE- PEG those events to the Rigged and Muted Share price and Blames it on the So called Markets
“1. Consolidation of subsidiaries into one company (Informed about an year back in Feb 2020). No follow through updates
2. BDO audit – Last update in June 2020 said that Audit is on going. No follow through updates
3. Daum – Discussion on Lycos settlement – Last update was in June 2020. No follow through updates”
As we discussed , the Cunning Fox , in the 35 Minute slot with the retailers in the form of Conference call- Comes with BoLD headings- To CREATE an ILLUSION of OPTICAL ARTIFICIAL HURDLE– Never to be Followed up
He then PEGS those events to the Rigged and Muted Share price and Blames it on the So called Markets. This has been the STRATEGY
If One Hurdle vanishes out in the Natural History then the Foxy Guy will make another MOUND out of a Molehill to make it as a Issue and PEG it to the share price and RIG the price – PLAY with Words in the announcement
This has been the Foxes Strategy ever since 2016. Have you all wondered, How this Fox , Creates and Comes up with New Events and makes it a Hurdle and PEGS it and associates with share price and cleverly Blame it on the MARKETS!!!!
May I Request the RETAILER COMMUNITY – Please- to Post all Such Artificial Events that this chap has Created and Associated with Share price and to BLAME Only on the Markets
The Next topic , I need to Expose , is How this Foxy Mind, has utilised the MMB Board to his advantage- The Mechanisms through which this was done- FENCE Eating its OWN Crop
………………DHFebruary 15, 2021 at 2:27 pm #10854vgsatworkRegistered Boarder
Per the post #10848 – There is no settlement and yet the Media release from yesterday says that “The company has settled with Axis Bank on the closure of the loan. Bank is working on a formal approval of the same”. As long as they cannot be held accountable, they can keep doing this by throwing a carrot (a business update to stock exchange) which may or may not have any material basis.February 15, 2021 at 2:45 pm #10855
Is there any understanding between BCG and Axis?
Surely Axis will look at all the announcements by BCG right? They must’ve seen yesterday’s announcement. To block the PO money, they used one of the announcements for their arguments.
People who attended the hearing – can you please share with us what was discussed in the court today.February 15, 2021 at 3:02 pm #10856jay69Registered Boarder
On 20th feb during the con call all those members who thoroughly know the issues faced by the company should actively participate and pose tough questions to the management and also seek an explanation/answers with a definite timeline for its resolution.
Just sweet and nice talk which the management wants to listen/discuss will not yield anything, so those who ask questions should ask relevant and tough questions which is beneficial for the good future of the company and its investors.February 15, 2021 at 3:05 pm #10857buffetRegistered Boarder
#satyamite MMB posts –
33 crores of cash which bcg got from the previous issue is with us, said the axis lawyer. they want it. So maybe axis will release it after taking whatever is settled amount.
Just attended NCLT hearing online. The Axis bank lawyer informed that the due is 40 cr and they have received 5 cr. BCG advocate did not open his mouth. Nothing about agreement was informed. Next hearing 2 nd march.
there was absolute no pressure from axis lawyer. infact he himself was saying a date till 1st march can be alloteed. this means there is some understanding that has happened between axis and company. my take.February 15, 2021 at 3:10 pm #10858sobhaRegistered Boarder
@Logan, little bit time my sound was not working. The total time took was 3 minutes. Judge asked to BCG – what they have done? ans – paid 5crore- more time needed. Some settlement reached.. Judge become angry. … You have got enough time and opportunities. You are taking unnecessary time…. From axis – No information about settlement. Due is 40 cr. 5 cr received. May shifted to March beginning as per convenience of court. Judge said – One more time – March 2nd… overFebruary 15, 2021 at 3:26 pm #10859vgsatworkRegistered Boarder
Reply to #10855
I am sure Axis must be looking at all the announcements from BCG including the dividend news. I suspect that the reason why(No update to stock exchange on dividend payment being made, including yesterday’s press release) dividend payment was hush hush even without Arthi consultants know anything about it and without having a payment remark indicating dividend payment was for BCG might have been to go under the radar and not be seen by Axis as making dividend payments even as they satisfy the shareholders with a token dividend. If Axis know of the payments being made, they would have stopped that as well just like how they had blocked the PI money.
if you read the business updates to stock exchanges, there is always some word play in them and none of them were in definitive terms and hence they could be held accountable. So, they might have hood winked Axis with some of the developments like dividend payment (There is no official record for Axis to prove that BCG paid dividends since entire payment process was under the radar)February 15, 2021 at 3:41 pm #10860JRSRegistered Boarder
No body can ask any questions. They will ask if they get opportunity, but willhave no option to ask any question.
The only option is Hyderabad team, or else we all should visit Hyderabad once which should become a national wide news covered in media and social network.
We should set an example what a retail investors as a group can do.February 15, 2021 at 3:45 pm #10861JRSRegistered BoarderFebruary 15, 2021 at 4:12 pm #10862m4max1979Registered Boarder
I am yet to receive my dividend. Is it just me or there are others too in this forum who have not received dividend?3+February 15, 2021 at 4:31 pm #10863
@m4max1979, even I haven’t received my dividends. I wrote to them several times but still no response from them.2+February 15, 2021 at 5:21 pm #10864hw_twRegistered Boarder
Point related to Axis loan settlement is not in press release…https://www.indiainfoline.com/article/news-top-story/brightcom-group-s-q3-pat-rises-by-nearly-35-yoy-to-rs139cr-in-q3-fy21-stock-gains-4-121021500126_1.htmlFebruary 15, 2021 at 5:29 pm #10865buffetRegistered BoarderFebruary 15, 2021 at 5:39 pm #10866kmr003Registered Boarder
Feels frustrated, every issues are Mgmt is dragging to extent, and creating new issues like dividends not crediting on time,
Corporate governance lows evry time
1) SKR never stands by his words, it is difficult to believe him, i.e reason big investors are stayed
2) not once or twice, every time broke timeline,seems like he is well aware of PW,n deliberately given miss info.
3) To bring trust in bigger investors community, he should think of appointing new CEO and resolving issues ASAP.
4) If he stys as CEO, my personal opinion is continue to fool retail investors and no big investors will enter easily seeing his past promisesFebruary 15, 2021 at 5:44 pm #10867
The article’s headline is not correct. It says the profits went up 35% yoy which isn’t the case. I don’t think IIFL saw the results properly before sharing that. The profits are up qoq and not yoy, in fact there’s a decrease in profits yoy (3% or something).
Telangana Today and equitybulls have also written about the results but they haven’t made any mistake.
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