[Lycos_Investor]

Board meeting on 14th Feb for Q3 results. Hoping to see one more positive shareholder update before the board meeting.

[Mosiac]

Venu, not sure if I got your question..

[108BULLGURU]

Hi all,
Is this man and firm the new legal advisors or he was there before too.
MARIO ROSATI
Mario Rosati is a Partner and Member of the Executive Management Committee at the Law Firm of Wilson Sonsini Goodrich & Rosati in Palo Alto, California.

Mr. Rosati is a graduate of the University of California at Los Angeles (B.A., History 1968) and Boalt Hall, University of California, Berkeley (J.D. 1971, Am Jur Award in Corporations).

Mr. Rosati joined Wilson Sonsini Goodrich & Rosati in 1971 and became a Member in January 1975. In 1981, Mr. Rosati participated in the Innovation and Entrepreneurship Task Force to the office of the President Elect, Ronald Reagan, and in 1982-83 served as a Special Consultant to the Secretary, Drew Lewis, and Deputy Secretary of Transportation, Darrel Trent. In this connection, he was a Member of the Airport Access Task Force.

Mr. Rosati is a Director of Aehr Test Systems, Mountain View, California; Genus, Inc., Mountain View, California; Sanmina-SCI Corporation, San Jose, California; Symyx Technologies, Inc., Santa Clara, California; Vivus, Inc., Mountain View, California; all publicly traded companies, and several privately-held companies.

Mr. Rosati has sat as Judge Pro-Tem in the Superior Court, State of California, San Mateo County.

Mr. Rosati is an adjunct Professor, Haas School of Business, University of California at Berkeley and serves on the Board of Advisors for the Lester Center for Entrepreneurship and Innovation. He is also on the UC Berkeley Foundation Board of Trustees.
http://brightcomgroup.com/#mapbox1

[kpal]

Guruji 108, Mario Rosati was already there, Not a new incument.

[108BULLGURU]

Thanks dear.
So who are the new legal advisors.
That will tll a lot or may give a hint about some thing.
Obviously promoter is not interested in sharing even the basic infor mation with the shareholdewrs on time.
What is the motive?
You can all only guess.
Hence the current share price….

[admin]

Hello All,

Thanks for showing patience. The site was down for couple of hours due to issues at host providers end.

Regards,
Admin

[VALUEBUYER001]

Thanks Admin Sandeep Ji for all your support and efforts.badri

[kpal]

Forum memers have een patience with our company from last 5 yrs. A few hours of hitch/glitch we do not matter. I thank you for doing a commendale jo. Keep it up.

[BrightVenus]

Mr.Mosaic,Thank you for your clarification on why share price is very low.
My next question is “why company is asking no dues certificate from banks?”

[Lycos_Investor]

Just went through 2013 financial statement of Daum. Please find below mention about lycos.
Litigation
As of September 30, 2013, the Group is involved in eight legal cases, wherein it is either the defendant or the co-defendant. The aggregate amount of claims for cases in which the Group is the defendant amounted to approximately ₩ 1,175 million. The Group believes that, although the outcome of these cases is uncertain, they would not result in a material loss for the Group.
During the prior period, the Group had filed arbitration against Ybrant Media Acquisition, Inc., for thecollection of the proceeds from the disposal of Lycos, Inc. amounting to USD 34,177,365. The Group has recognized provisions for doubtful accounts of ₩13,411 million related to the non-trade receivables of ₩ 34,950 million (Note 8)

So can we consider Daum had initially agreed for 21 Million instead of 34 Million .

[Lycos_Investor]

But Lycos wanted to reduce it further or were not able to Pay 21 million and the case was dragged further?

[Sobha]

No sir…..
20 million paid at acquisition of 54% shares and handing over of Lycos. Balance according to skr is 16 million; but according to daum 36 million.. In discussions it was total 36 million; but in writing 6 times of ebitda. The then daum appointed head increased ebitda to high adding one time income…..After that daum was merged with Kakao…

US court ordered against skr… It said, what is written is final..It asked to pay 36 million balance. skr gone for bankruptcy to y-brand media acquisition- the entity created only to acquire lycos. After some time bankruptcy removed. Some tiny amounts given by y brand to auditing, etc were gone to daum by court order.

But all other subsidy were under y brand which is an indian entity. So to get back the amount, daum has to go to the indian court. That they were not confident of. What is under jurisdiction of US court, Lycos was given to daum on receivership for selling and getting back some amount. The loss is to be paid by y-brand which given the guarantee. But the case is to be in India. So kakao has to either go to indian court or settle with skr out of court. That drama going on….

[Lycos_Investor]

Yes I understand the court case. Based on my limited understanding of financial statement. Daum has provisioned 13 million as doubtful accounts and only entered 21 million in their books as long term non trade receivables. So DAUM should have come to this conclusion that they might receive only 21 million out of the 34 million claim based on some agreement.

Anyways we can brainstorm all possible scenarios for the stock value depreciation, hope management gives a detailed statement to clarify all doubts and reward the shareholders for the long years of hardship

[Sobha]

Likely. It appears the amount is near to 20 otherwise also. Skr told every share holder will be happy once the amount is disclosed. So it should be just above 16 and some interest. Any way it will not go below 16 which is the amount earlier agreed by skr. So likely to be near to 20..

[108BULLGURU]

For those who are interested in Tech Mahindra and may have been writing there about levels,If and when 850 is broken then the first technical projection is 1100.
On forward basis 1500 when fundamentals are considered is not out of picture.
All trend trades. no trading.

[Shoumik]

Good morning friends.

SKR has betrayed the retail investors till now through false promises.

But it is not just us , he has done the same to the other large investors who had invested millions of dollars in BCG.

I have no doubt that SKR HAS BEFOOLED AND DUPED DAUM AS WELL THROUGH FALSE ALLEGATIONS ABOUT THEIR EARLIER BUSINESS LEVELS JUST BEFORE HANDING OVER LYCOS. THE LOOSING OF THE CASE IN US IS TESTIMONY TO THIS.

He still has evil plans lurking in his mind to have the complete BCG booty for himself.

But this won’t be allowed ti happen at any cost. He has to pay for his wrong doings.

What sort of ethics this guy follows . He has put so many of his own family to shame. And god knows what ethics he has passed on to his children.

I doubt whether his team, his colleagues has a favourable opinion on him.

The opinion which matters the most is that of our enforcement agency and law of our land. Make no mistake he has to pay and will be held accountable for all of his wrong doing.. He will not be allowed to be a vijay mallaya but a Parajay Ready.

Cheers

[108BULLGURU]

@ shoumik,
The opinion which matters the most is that of our enforcement agency and law of our land. Make no mistake he has to pay and will be held accountable for all of his wrong doing.. He will not be allowed to be a vijay mallaya but a Parajay Ready.
You have no idea who is handling my complaint for the last 4 months.
I have already sent a reminder last week and i will get personally active on it after CONF CALL.
All criminals are not behind bars.
Some end up owning and running public limited companies.

[XO09]

@Shoumik, Bullguru, Tanv, let the action speak for itself, in the past not much was done and left to decode itself as a reason the time was bargained on the paraemeters as a result we have seen some outcome in last few months. But i really doubt now where it is leading even the dumb updates on very material informations like Duam, LOC, Big 4 etc is not been digested and rather being sidelined as a foul statement. Looking the way the PO is allocated and the current market scenerio, its all look cooked up for other insider benefit and not to benefit a retail shareholders. How many times are we ready to see swings and imbalance of price between 3 to 7 and vice versa and no meaningful/tangible which make sense to larger investor. This person wont allow any penny worth of money to be given away to shareholders mark my words. There is no inflection point from Dec 2019, as nothing concrete happened both in terms of price and development, yeah off course it did on papers and just to fool retail indian public shareholders.

I wont let this go just with outrage or exiting my positions as many will suggest, we are not loosers to let go this chap without this reach final destination.

[kpal]

Folks, I am expecting some good to very good news say y today or tomorrow evening which will make all long term holders very happy. Guruji 108, I also appreciate your views & Technical skills, Truly stock roke the support of 5 & will not e surprised to see 3-2.30 lvls. Wish i was half as good as you when it comes to stock markets. Also I would like to ask you, That 60 lacs sold y AKG, Then who ought it, Would appreciate your reply on it. Thank you.

[108BULLGURU]

@XO09
“This person wont allow any penny worth of money to be given away to shareholders mark my words. There is no inflection point from Dec 2019, as nothing concrete happened both in terms of price and development, yeah off course it did on papers and just to fool retail indian public shareholders.”
This is what i concluded in June last year a nd lodged a complaint with PMO.
some one is too too greedy for his own good and wants whole of bcg for free and does not want to give a single penny to retail shareholders.

[Author]

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