[Logan]

Yes, all the problem is happening because of shareholders who imagine everything and accuse innocent and down to earth SKR who didn’t do anything wrong. All the progress is happening in the company and the CEO, CFO, CS are all working very well, sharing everything with the auditor and auditors haven’t resigned, we’ve only imagined that just like we imagined many board member resigning. There’s no suspension of trading also as trading is happening everyday, it’s just that we are imagining that it’s not happening which is the actual problem.

SKR informed the market immediately when the FA news came, he didn’t lie about his shareholding, he didn’t give away free shares and his friends didn’t make thousands of crores not paying a single rupee, SKR didn’t do forgery. We all are imagining that.

Wait a minute, is it true or am I just imagining that someone else also was very critical on SKR very recently? They were calling SKR SOAB also. Even I’m very angry at SKR and very critical also but I haven’t used that type of word.

They’ve made a complete U-turn now. It’s noble when they criticize but it’s a crime when others do it. This holier than thou attitude is the reason for causing division.

[Logan]

The company has shared a PPT about updates and plans, titled Weekly Updates. It’s good to see that they’ve applied for revocation of suspension of trading. They’ve also mentioned that they’re finalizing paperwork for conducting AGM. This is a good update.

This is what we need from them, regular updates on where the company stands and the progress happening. If they do this regularly and take actions then our frustrations will also reduce.

[vidyashankar]

This is precisely what I was trying to say all the time that the management & Lord are together working to bring the company back on track. Obviously actions will speak louder than words and we will see lot of such action ahead of SAT closure next month

[Logan]

@vidyashankar sir, please be informed that I don’t have access nor authorization to delete your posts in this forum. Please don’t use my name to share something that’s false (I’m talking about one of your posts in MMB). If you need any clarifications or assistance regarding your posts then please reach out to the admin.

Also, I don’t have any agenda like you’re imagining. Is it fair that you can criticize the company/SKR whenever you want but we shouldn’t criticize them just because you have changed? Yesterday I criticized them because they were no updates or actions from them but today I appreciated them because they shared an update and showing intent to take actions. It’s simple as that. My views and opinions change based on actions taken by the management (or lack thereof).

I remember you were criticizing SKR and the company constantly before. You even were saying that you’d fight to get him extradited. What happened to all that?

What agenda did you have back then? So, is it only you can change but others can’t? You can change whenever you want but others should just follow you? We should be happy if you’re happy and we should be sad if you’re sad? What if you start criticizing the company again? Should we also do that?

It looks so silly and immature that if someone criticizes the company then they must be having some agenda. I don’t know when you started investing in BCG but most of us are veteran investors and some investors who are criticizing have held shares for more than a decade. We deserve to share our views and opinions when we have been through hell all these years. Every shareholder has put their hard earned money and we expect the company to look after the interests of shareholders. It’s the bare minimum that they can do.

I continue to respect you and appreciate your work. Thank you.

[vidyashankar]

Logan Sir, apologies for that hasty post. The page on the forum here had changed leading me to believe something wrong has been done. Reasons for my U-turn cannot be revealed, buy if you believe my integrity you can read between the lines what may have transpired. Regarding the progress company is making with my efforts that is already evident in the presentation you have commended us for.

[admin]

I have revoked the posting rights of Vidyashankar. In his posts, he was critical about SEBI and supportive of the debarred management. The matter is pending before SAT. I would like to exercise restraint to avoid the development of any narratives which can be against SEBI.

[Logan]

I’d like to clearly mention that I will never support anyone who criticizes SEBI in BCG’s case. I respect and appreciated @vidyashankar’s efforts in making the management share results but I’ll never support his stance on SEBI.

Also, I don’t understand why someone would criticize SEBI when all the fault is with SKR. It’s him who went against the rule of law and committed fraud. He’s the one who submitted forged documents and he’s the one who lied about many things.

[vstvm]

Dear All,
There is a new update uploaded in BSE regarding the Trenova subsidiary.
Please check all.
Thank you.

[Logan]

The presentation looks good but I don’t see the difference between this and the old presentations about Brightcom. They started the subsidiary recently but they’re claiming that they are already working with leading brands/advertisers and publishers and are saying that in future their plan is to continue many things. Also, if those companies were already clients of Brightcom then are they agreeing to be partners with Brightcom (Trenova) in new regions – APAC and EMEA? If that is the case then why not use the Brightcom brand only?

Also, we want more details and not just PPTs. We saw many PPTs on audio ads but looks like it’s completely dead (as mentioned few times before).

We want details like how many people have they hired, how many employees are on roll, where’s the website, is the new company handled by the Israeli team (with 44 Ventures) or is it handled by a different team or a new team?

Most importantly, since it’s a new company, will they appoint a reputed auditor to audit the financials? Will they concentrate more on our country or only other parts of APAC?

[explorer]

These kinds of updates don’t mean anything to investors, and there is nothing to celebrate. In fact, such updates should actually alarm us, as we have seen in the past how frequent updates have been used to pump up share prices. For those new to the stock or with poor memory, here’s a refresher:

– Mysms acquisition
– Audio acquisition
– Mediamint acquisition
– LoC approval
– Nasdaq listing
– Daum settlement
– Aplymart – Apollo Lycos venture
– Brightcom Life
– Quantum computing
– MI/AI
– Trenova(will join this list)

We are likely to see such frequent updates, especially on weekends. I would be happy if the price rises due to the fixing of actual issues, but not because of useless updates. Such a price rise will only help insiders to exit, while retailers could get trapped yet again.

The updates we actually need:

– Company Secretary appointment
– Auditor appointment
– CEO appointment
– CFO appointment
– Audited results
– Exchange listing compliance/payment
– Shareholding pattern
– What happened to Preferential money?

[Brightspot]

Despite bad result this time,, share was hitting upper circuit , what that means to you is some operators who were stuck want to exit at high price, so guys exit as soon as possible, to facilitate their exit now bogus business expansion news are being updated , there is no CEO, CFO or co founder but business expansion is happening correct with some dummy independent directors ? lol
I have seen this pattern in many companies wherein continuous upper circuit before delisting

[Brightspot]

There are many other good companies to enter, even now you can recover your loss..I have covered Suzlon when it was less than 3 , now it is 80, suzlon getting such a massive orders 500 also looking less to it
Second scrip is Infibeam avenue, if you buy today you will get bonus shares of its subsidiary odigma , its not buy sell call, do your own research before investing ..
Both companies are almost debt free!!

[Logan]

When the SCN 2 came, I thought there’s no way for SKR to come back and the company had no option but to move on from him but even after one year I haven’t seen any real progress happening in the company (they share only those useless PPTs and other updates where they say that they care about shareholders but don’t take any action and use fancy words).

In my opinion (obviously these are guesses and not facts), everything will depend on SKR whether we like it or not. The company never intended to appoint any other person for CEO role (and for CFO role also). It’s just that they were buying time saying that they were/are looking for suitable candidates. If they were serious they’d have appointed someone by now or at least would’ve appointed someone on an interim basis. Both Mr Kallol and Mr Raghu are SKR’s friends and they’ll just follow him and I don’t think they are taking decisions on their own. Even the words/sentences that the company shares in those useless updates look like they are SKR’s.

A real leader wouldn’t have caused depression to lakhs of shareholders, he wouldn’t have let the company have complete dependency on him and most importantly he wouldn’t have taken reckless decisions and created such a mess but SKR is okay if lakhs of shareholders suffer, he doesn’t care about the negative publicity or suspension of trading and he’ll even be okay if the company goes out of business. It’s so embarrassing that the company hasn’t even paid the listing fees.

I think any of the below mentioned things might happen and obviously these are guesses.

1. SKR will get somewhat favorable verdict or temporary relief at the SAT and he will come back to his previous role as CEO and fixes the company only after getting back.
(If the company recovers then it’ll show how much selfish he is and to what extent he will go)

2. SAT will not give any favorable verdict to SKR but his friends will fix the company.
(This will show that SKR and his friends have good intentions and are ready to take care of shareholders)

3. SAT will not give favorable verdict and SKR and his friends will cause the company to delist.
(Buyback or other things will not work because they will show that the they were not able to recover the business and say it will go out of business etc)

4. SEBI/Government will intervene like it did with Satyam and arrange some party to buy BCG.
(Satyam was a major IT company which employed thousands of employees but BCG is not similar to Satyam and also, our country has grown a lot since then. There was a recession also happening when Satyam case happened)

5. Shareholders appoint an independent director and get the management to fix the company.

(I don’t see the current situation changing even if this happens as independent directors can’t change much)

6. Majority of the shareholders vote out the current board/management and appoint a new board and management.
(This is an herculean task for retail investors and this works mostly when there are big institutions holding shares. The hard fact is that no one cares about retail investors and this also involves money and resources which retail investors can’t afford)

Also, I don’t see any other company buying BCG because if anyone was interested, they’d have already bought it by now and many adtech companies went out of business or were sold for peanuts and no one came to rescue those companies. It’s a very dynamic industry which requires different skills which I’ve already mentioned many times before. Many people think adtech companies as typical IT companies but in reality it’s far from that. Every industry/company will have it’s pros and cons. I’m not saying adtech CEOs are better than other CEOs but I’m just saying running adtech companies requires different skills and mindset. IT is mostly stable and you get good free cash flow to do buyback or pay dividends but adtech companies should always invest in technology and will always have difficult period as one bad decision will make the company go out of business. Check what’s happening with Perion Network recently.

I’ll let SEBI and SAT decide what to do with SKR. I want the company to come out of the mess created by SKR and I want all shareholders to get good value for their stocks which they bought with their hard earned money. If SKR really cares about shareholders then he should let go of his ego and should take decisions which will benefit all shareholders.

[explorer]

As I mentioned earlier, the company has begun publishing frequent updates, but they lack substance. This suggests they might be rushing to offload shares to retail investors before the imminent delisting. More than the financial loss, what concerns me deeply is the vulnerability of the retail investors. Telegram groups appear to be compromised, and we have been repeatedly misled by the management. I believe in the concept of karma and am convinced that the consequences of one’s actions often affect their descendants. It seems likely that their heirs may face challenges that surpass those experienced by the shareholders. Anyone who is directly or indirectly involved in deceiving innocent retail investors will face severe repercussions.

[Logan]

I think @vidyashankar sir is obsessed with me and he uses my name to share false things. I’m saying it again, I don’t have access nor authorization to ban anyone from this forum and I don’t have access to delete anyone’s posts either. The admin banned him and if he has any complaints then he should contact the admin.

My support is for the company and not for any individuals. Let the honorable judge at the SAT decide what to do with the individuals who have caused the company to be in this situation. It’s one thing to use short cuts and another thing to do unethical and illegal things. Many entrepreneurs will do the former but SKR did the latter.

And the important point that’s so worrying is that almost all retail investors have supported him through thick and thin but he still did things which harmed retail investors. He can survive for years without being associated with BCG as he has the resources to do so but what about shareholders who have bought his company’s shares with their hard earned money and life savings? All retail investors bought the shares which were dumped on us by SKR’s friends (which they got for free).

I’ve seen both the cycles, people hating me because I was supporting SKR and people hating me because I don’t support SKR. They don’t understand that my support changes based on SKR’s actions and not based on people’s mood. I will start supporting him again if he does ethical things and if he takes decisions which will help small investors.

[Logan]

SEBI is complaining that BCG doesn’t share things properly but still the board/management isn’t acting on that. They should have shared the Adjudication Order on both the exchanges by now but again they failed to do it.

This is where the CS’s role is very important. SKR and Raju are trying to come back, okay, but why can’t they hire a CS at least? And another important point is, why haven’t they shared the SHP yet?

It’s like in football where the referee gives red cards and your players have to walk out. From the past one year we are seeing one red card after another.

I have high expectations on Mr. Ram Sharma and he looks like a serious person who wants to make actual changes in the company. Hope he gets us out of this situation.

[Logan]

It’s good that they’re sharing weekly updates but we’re not seeing any actions taken by them. From one month they’re saying that they are working with the exchanges to make sure that the trading suspension will be revoked but why isn’t it done yet?

They’ve mentioned that there’s a significant progress in publishing the SHP. I don’t understand what’s so complicated about that. This culture of complicating simple things should change at the company.

I guess the reason for delay in everything is because they’re placing all their hopes on getting a favorable verdict at the SAT but what if the SAT doesn’t give a favorable verdict? They want to show that there’s no BCG if there’s no SKR in it.

[admin]

The site was facing technical problems from few days and domain also got expired. This has been resolved. This forum has completed 5 years!!

[AdUp]

Thanks for fixing it admin. Glad to have the forum back.

[Logan]

@admin,

I can’t thank you enough for creating this forum where we can share our opinions, comments and learn many things about the company.

Thank you once again on behalf of all the investors of BCG.

[Author]

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