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August 12, 2024 at 7:31 am #28426LoganRegistered Boarder
BCG is setting up entities under the brand name Trenova Corporation in EMEA and APAC markets.
Good update but is it a genuine one or just a tactic deployed to divert us from the delay in sharing last FY results? I get it that taking initiatives to grow the business is very important but more important than that is the survival of the company and the need to take care of your shareholders. Under normal circumstances we’d have been very happy and excited with such updates but I expect them to share updates on the results and pending issues first.
(Plan to start looking at the APAC region seriously was initiated last year and they were getting ready to appoint people but the SCN2 put all that in jeopardy I guess)
Also, why the name Trenova and not OMS? I understand why they might not want to start something with the Brightcom name (bad press) but why not OMS? Won’t the OMS people get involved? And why Kallol and others moved to the new entity from the parent company and why not stay in the parent company also? Is it because it’s difficult to be the rubber stamp of SKR while staying in the parent company?
There’s no point expecting answers from them.
August 12, 2024 at 8:53 am #28427SaachRegistered BoarderDear @Logan, I observed your points and understood your meaningful concerns, I appreciate it. But as explain earlier that your observations are always carry a good message for retailers. I personally agree with all your valuable points. Simultaneously, would like to add my concern and refer to the very oldest history of SKR who started his company and from time to time, kept on changing their names, status, subsidiaries etc. Is this change is showing the same pattern? Warmest regards.
August 13, 2024 at 12:09 pm #28437LoganRegistered BoarderThanks @saach.
I don’t know what SKR has in his mind and why they’ve decided to keep a different name. I think OMS is mostly independent (maybe the operations are under the control of 44 Ventures people) and SKR might not want to disturb that and he doesn’t want them to get involved in the mess created by him.
Regarding past name changes etc, BCG had to change the name twice because of the circumstances the company was in. (Other time when it changed to Lycos, it was to utilise the brand name of Lycos which was very big that time). It could no longer use USA Greetings while doing digital marketing since you’ll not get many clients, everyone would think the company as a greetings card company and not a technology company. Wipro’s original name was Western India Vegetable Products Limited and the company wouldn’t have got many clients if it used Vegetable in its name while doing IT/software/consulting/services business and it wouldn’t have been a major player in the IT sector. No matter how hard they tried, it wouldn’t have worked this well if they kept Vegetable in their name, people would assume it might be a commodity company or a vegetable oil company. I’m not comparing BCG with Wipro but only mentioning the obvious points.
Then again it couldn’t use the Lycos name because the company lost the case to Daum. It’ll be illegal to use the Lycos name.
I’m not supporting SKR or anyone here but name changes isn’t that serious in the tech world. Many companies do that and it’s very common. Sometimes they create products with new name or a new platform and give a different name. Recently Tremor International became Nexxen, Magnite previously was known as Rubicon and even Yahoo was changed to Oath Inc etc, Perion was previously known as IncrediMail. In BCG’s case it’s not like they want to bury the past like few fraud companies do, they mention about being called Lycos Internet in each and every notification. They’ll mention Brightcom Group (Previously Lycos Internet Limited) in most of the communications.
There are other serious matters which people have to give importance to like the management not providing complete details to the auditor, the company not appointing CEO or CFO or even a CS etc.
August 13, 2024 at 12:51 pm #28438SaachRegistered BoarderDear @Logan, thank you so much, you cleared all my points so as it will also be useful for other newcomers’ knowledge, as well. We must have positive approach looking forward at the December’s results. Hopefully, management will surprise shareholders, once again, positively as declaring its future vision of growth (if they are serious). I am sure all the involved shareholders are expecting the same pleasant confirmation on valuable missing disorders, other important required action(s) from SEBI and not to miss out of appointment of CEO and CFO as you confirmed from time to time. Warmest regards.
August 19, 2024 at 9:22 am #28456vstvmRegistered BoarderDear All,
New investor presentation has been updated in BSE.
Can we trust the same.
All are requested to provide your feedback on that.
Thanks.August 19, 2024 at 9:05 pm #28461SaachRegistered BoarderDear @vstvm, It is very well-known experience of retail investors; you must also be one of them, simultaneously, have noticed different activities of the Group as explained in the said presentation, what I observe that “NOTHING COMES FREE” whether you take Group and/or retailers. All the best wishes from this end and regards.
August 20, 2024 at 6:06 am #28464LoganRegistered Boarder@vstvm, the company (mostly SKR) has the habit of hyping everything initially and become completely silent later. We have noticed that with Mediamint and audio ad deals. I find SKR to be a person who will mostly talk (90% of the time) and do the actual work only 10% of the time. You know how much they hyped the audio ad company and later said it’s a JV. They hyped it for over a year but all that was unnecessary if they were not sure of buying the entire company. Did he use that news so that his evil friends could sell the shares or was it a genuine thing? Only God knows.
Other companies will do the work (with or without hype) and get deals done but you can surely bet that any deal or update from BCG/SKR will rarely come to fruition and will always take a different turn.
I have asked about this in few of the conference calls also and he always used to say that they took decisions looking at the future. But my point is, why announce something and change it later? Things can be done without announcing initially and the announcement can be done when they are sure of executing it.
I never wanted BCG to focus more on Lycos and never gave much importance to it but I wanted them to get it done and dusted but what’s the progress on that? As expected it takes a different turn every time.
Entering into APAC is very important which should’ve been done years ago and it’s a very exciting update also and I’d be the happiest person if they walk the talk but history shows us that it’s better to have less expectations (I’m guessing the JV with Consumable Inc is completely dead and not sure whether it will be revived without SKR. So, it’s difficult to expect much from the new announcement as we don’t know what turn it may take).
I had massive respect for SKR and always thought that he’d be the right person to take BCG to new heights since it’s very difficult to manage adtech companies but his betrayal and selfishness overshadowed other good qualities of him. I don’t think the situation will change completely since Mr.Raghu is nothing but SKR’s proxy.
August 20, 2024 at 7:47 pm #28467LoganRegistered BoarderOne or two times it’s okay if the company doesn’t walk the talk but they do it every single time. Postponement of today’s board meeting shows that they only do the talk and not take actions. The meeting was not for this FY results but for last and that too Q3 of last FY. They were supposed to share it 6 months back but even now they are delaying it.
There are other important questions too, why was Kallol moved to a new subsidiary? He could’ve been in the parent company also. Now the parent company has only one executive director and what if he resigns tomorrow?
Positive changes happen when they acknowledge negative things about them and take action on it. Not just by saying this and that all the time using fancy words. Actions speak louder than words.
They have mentioned in the presentation that Trenova represents so many things (transparency, relevance, cleanliness etc) but what does the actions (or lack thereof) of the company and SKR represent? It represents betrayal, laziness, carelessness, inhumanity towards shareholders.
August 24, 2024 at 9:04 pm #28489vstvmRegistered BoarderDear All
The results for Dec-2023 has been uploaded in BSE.
Can anybody please elaborate on the same.1+August 25, 2024 at 8:26 am #28490explorerRegistered BoarderThe Dec-2023 result confirmed the beliefs of some that most part of the company exist only on paper. The previous CEO and CFOs were never so involved in the operations of the subsidiaries. So that should not be the reason for the significant drop in the revenue. This is just the beginning point of the truth we all have to accept. I sincerely hope there is some value left in the compnay.
4+August 26, 2024 at 10:17 am #28495LoganRegistered BoarderFirst of all, I want to thank the members of BGSHA and @radhutheoptimist for their efforts in making the management announce results. Without them, I think the board (aka SKR) would’ve delayed the results further.
Regarding the results, like I previously mentioned, SKR will hold us hostage until he gets back to his previous positions in the company. I think it’s a long shot but maybe that’s the reason he’s asking for adjournment in the SAT as he might be negotiating with SEBI for a settlement. He might show that he gave money to the company and that he converted it to stock etc.
I had previously guessed they’d show decline in both revenue and profits (after reading the Livemint article) but didn’t except it to be this much. I always thought that at least OMS will be independent and others will be under SKR’s control (like the American subsidiaries) but SKR is showing us that he cares only about himself and is willing to let lakhs of shareholders suffer.
BCG makes money buying media space of publishers to run ads for advertisers. This might not be correct but I’m guessing they didn’t buy any media space in the last quarter after SKR left (removed) and that’s the reason the revenues are less. They want to show complete dependency on him. OMS people might have told their clients that the company is undergoing restructuring and to add to that there was a war in Israel also (they changed the name from Brightcom to OMS which shows restructuring).
There are many opinions which we can form on the latest developments. If you believe the numbers to be true then SKR/company can reverse this somewhat by putting more efforts and bring the company back to normalcy. SKR has done that before also. Few years back (till 2021), the results were flat/stagnant for many years but the revenues and profits almost doubled in 2022. Maybe he was waiting for the approvals for the PWs. And if you don’t believe the numbers to be true then you will think that this can’t be reversed and SKR previously had only done it on paper and nothing is real. I hope and pray that everything gets back to normal. Like I’ve said many times before, I invested in BCG because of the Israeli leadership and because of SKR and now I stayed invested (even after seeing horrible things happening at the company and to its stock) because of the Israeli leadership. All the respect I had for SKR is gone. It might come back a little if he stops acting selfish and if he starts genuinely caring about all the shareholders and not just by his words.
August 26, 2024 at 3:13 pm #28501SaachRegistered BoarderDear @Logan, your views and comments are so powerful and meaningful that makes me to think deeper and deeper, after going through messages. Very truly explained all the following points and I totally agree with you by depth of my heart which encourages me to have more patience for bit longer time.
+Quote:
“SKR will hold us hostage until he gets back to his previous positions in the company.”
“SKR is showing us that he cares only about himself and is willing to let lakhs of shareholders suffer.”
“If you believe the numbers to be true then SKR/company can reverse this somewhat by putting more efforts and bring the company back to normalcy.”
UnquoteI appreciate all your efforts, putting them in chronological manner that is amazing for me. With warmest regards, Saach.
August 27, 2024 at 9:38 am #28502explorerRegistered Boarder@Logan and others, please kindly stop all these speculations unless you truly know the facts. Just go back and read all the messages you’ve posted over the last three years. They have given false hope to many innocent investors. Several of my friends and family members were influenced by these optimistic stories and ended up purchasing shares. Your messages make it sound like the company is the next NVIDIA, just waiting for a small issue to be resolved. But the truth is, the company doesn’t even have a 5% chance of surviving from this point. If it’s going to be revived, then the truth needs to be told.
P.S.: I know this post may draw a lot of criticism, but someone has to speak the truth.
5+August 27, 2024 at 4:07 pm #28503LoganRegistered Boarder@explorer, thank you for your suggestions sir. Please do share all the facts sir so that I and others can come to conclusion and we can have all our discussions based on the facts shared by you or better I and others can stop writing in this forum completely. No one will waste their time speculating this and that.
Please remember sir that like you, even we are humans with emotions, like you, even we have put our hard earned money and we can also share our opinions just like you. I just want to know, how much of your posts are facts sir, is it 100% ? If it isn’t 100% (or at least 50%) then even you are also speculating, right sir?
The main point which you are conveying is this – if you’re positive about the company, we should be positive too and if you’re negative, we should be negative but you are saying it in a different way, that’s it. You forget all the facts when you’re happy/positive and I’m sure sir that if the same stock had quoted at higher prices you’d be very positive now and it would be you who would be telling everyone that BCG will be like Nvidia, not me. I might not be as brilliant as you but I’m not an idiot to say something like that, that too looking at the current pathetic situation of the company. (I wouldn’t have BCG with Nvidia even if everything was alright)
Also, where in my previous post have I mentioned something that would raise hopes? I have clearly mentioned that SKR is manipulating and making all shareholders suffer. In your message you have mentioned that you hope that there’s value left in the company but it’s bad if I or others hoping about the same?
In the past, you were positive sometimes and negative sometimes but did I ever tell you to stop writing?
Regarding my messages and buying or selling, that can be said about your messages also, right? Even you don’t have all the proofs/facts and you change your views based on your moods which I have rarely done. I have clearly mentioned every time that if anyone has any doubts then it’s better to contact SEBI. I have never given any targets or speculated where the price might go. From day one I have always mentioned that BCG has very bad corporate governance.
And sir, one very important point is that it was me who suggested that small investors form an association and make sure that our voices are heard. When others were asking for dividends, I was asking for big 4 auditors. Being a long term shareholder, I know what’s important and what’s not and I have always cared for shareholders sir.
One humble request sir, even though we might have different opinions, it’s always better to stay united and fight for our rights as shareholders instead of targeting one another which looks very silly. I don’t want to have any arguments with my fellow investors who have been through hell all these years.
August 27, 2024 at 6:10 pm #28504SaachRegistered Boarder@Explorer, Firstly, please be honest with yourself and careful in writing in this forum. Secondly, may I know your date of joining this Forum and how much you have invested in this company? Who asked you to join and follow blindly and without own research work, any of this group? If you are addressing this message covering all the members, who authorized to comment on personal level of members of this Group?
Please address your message to Admn. of this group and make a official complaint so as to enable Admn. to look into the matter, seriously.
Warmest regards
August 27, 2024 at 6:37 pm #28505AdUpRegistered Boarder@Explorer No one here has forced you or even asked you to invest based on comments here. We have all been sharing information based on the information we had at that moment. You should acknowledge the fact that it was your decision to invest. Yes, your post will draw criticism and it should, considering how dumb your post is, especially at this moment when we all are suffering. Common dude, people here are trying to help each other and you try to criticize us. Who the hell you think you are? If you invest in stocks without your research and reading through message on forums, then you all I can say is good luck to your investing career. You say “… someone has to speak the truth”: Really? You post BS and it becomes truth? Who says it is truth? I can’t believe such people exist.
@Logan and team: please don’t get discouraged by such comments. We need to stand together at this point of time and people like these try to divide us again. And @Logan, I don’t think he deserved to be called “sir” unless you were sarcastic.
August 27, 2024 at 10:35 pm #28507AkhilRegistered Boarder@Explorer I have been a visitor to this forum for over two years and can assure you that Logans views were always well balanced . He gave both, the upside and the negative aspects too. Some family members of mine entered the stock when it was below 20/- and exited at about 120/-.
Everyone had the chance to weigh risks and take a call on whether he should stay invested or sell. Btw, how new are you to the stock market? Any investor who has been through at least one bull-bear cycle knows the risk of putting all your eggs in one basket and also the benefits of selling part of holdings when the stock goes up multifold.
People like Shankar Sharma were conned of 50 crores. Then what about small retail investors like us? Weren’t we actually misled by SKR?August 28, 2024 at 10:08 am #28509LoganRegistered BoarderThanks @saach, @AdUp and @Akhil for the support, encouragement and kind words. Your messages encourage me to continue writing in this forum.
The post by that person looks silly and shows lack of understanding of the risks involved in investing. I don’t want any enmity with my fellow investors but sometimes people want to show their frustrations on someone and they’ll target me or others. Yesterday it was me but another day it’ll be someone else and that type of behaviour is very common in the investing world. But thankfully, most investors are not like that as they know and understand the complexities involved in investing. There’s no free lunch in this world – especially in the investing world and each and every investor has to put efforts to succeed and there’s no other option.
Sometimes people will just write randomly that I (or others) are wrong but they don’t tell us why we’re wrong and they base everything on their emotions and not practical thinking. All the information/data that I have shared here are available on public domain and I have not invented something on my own to give a positive or negative spin. I have talked about both positives and negatives of the company and I have shared many examples of adtech companies failing and have mentioned that BCG would also end up like that if right decisions are not taken at the right time but people forget that and concentrate only on other things. SKR/Company’s recent actions is an example of not taking right decisions and it puts everything at risk and creates uncertainty.
The person (SKR) who was supposed to look after the interests of all the shareholders has betrayed us and now we have to figure out what to do with our investments. We have only two options – sell and forget the stock or try to figure out whether there is value in the company. To try to figure out whether there’s value, we can do it on our own or with a group of link minded people with common goals and I believe that the latter is the better option because one person can’t know everything about everything and different opinions will give us more ideas and solutions. We need to base our decisions on solid research and not just by looking at messages and basing all our decisions on those messages – positive or negative but some people don’t understand that and it’s not our fault if they have that attitude.
August 28, 2024 at 3:29 pm #28513sknataniRegistered BoarderAugust 28, 2024 at 8:12 pm #28519AkhilRegistered BoarderWell articulated @Logan. In the stock market one needs to take responsibility for their own decisions. I learnt a lot of the advertising world from Logans posts. I have no regret for the holding on to the stock. It was my own decision. Personally I feel the stock market is the biggest teacher and we must learn from such experiences.
On a lighter note, id like to inform that my relatives who sold at 120/- are now owners of some luxury cars. -
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