[drjaysee]

Dear Friends, Good luck for today’s meeting and thank you very much for your tireless support.

[buffet]

Huge volume today..24 million shares traded combining BSE & NSE.

[drjaysee]

I have managed to buy 1.14Lakhs@5.25. Lets wait and see the trend this week.

[ramganesh1982]

3.2 crore stocks consumed today with another 3 lakh numbers waiting at UC . Wondering what sort of game is happening . This is a clear indicator of operators game . No news from management or any official announcement yet but the volumes suggest something really big is coming up . Hardly have seen any stock move like this with such volumes without anything concrete . Time for management to wake up and reduce the free float !!!

[ramganesh1982]

@Rathi_b and team , did u get a chance to talk with management ?? On a lighter note , is this uc bcuz of you guys having a word with management ?? 🙂

[Rathi_b]

We have met SKR today meeting was fruitful, please give me an hour or two. Will write about what was said in our meet. Thank you.

[Logan]

Thank you @Rathi_b, @sateanna, @tanv151 and sk vedula. We all owe you a lot for doing this.

[admin]

thank you @sateanna and team

[VALUEBUYER001]

Thanks tanv ji sateanna ji rathi_b ji and Vedika ji and admin ji and Logan ji for taking so much pains on behalf of all

[VALUEBUYER001]

Sorry for spelling auto correct sk vedula ji*

[drjaysee]

Dear @Rathi_b, @sateanna, @tanv151 & Team, Good to hear that you had a opportunity to meet SKR today. Looking forward to hear from you the outcome of the meeting. Thank you all.

[Shivashankar]

Well done guys thanks to all who took interest behalf of Bcg investors god bless u all.

[ramganesh1982]

@Rathi_b I excited after just reading 3 words of your’s.. “met SRK” and “fruitful” . Hope whatever was discussed is followed by his actions!! That will be great !!

[Rathi_b]

Suresh Kumar Reddy’s meet with representatives of brightcom investors forum.

5th October,2020.

In the investor’s meet with SKR, a broad discussion was held majorly in four aspects amongst others. The Axis bank settlement, LOC, Daum and recent fall in the share price.

Coming to the first issue of Axis settlement, Suresh has assured that a good settlement offer was tabled to Axis Bank, which is being looked at by the bank. SKR is very hopeful of an amicable resolution.

Regarding the LOC the Suresh has informed us that an in-principle approval was received three months back and the discussion with the consortium of lenders is at final stages. A satisfactory assurance in this regard was made by him.

Suresh has assured us that Daum issue would be settled once LOC starts becoming operational.

An in depth discussion had been held with Suresh regarding the recent fall in the share price. He was honest regarding a large selloff and has assured that he has spoken to the concerned shareholder in this regard. He has stated that the company is looking for long term investors to invest in the company and is hopeful in getting one at the earliest. This was also spoken in regard to the fact that over 60% of the company is publicly traded.

A representation was made by the representatives of the forum regarding the poor state of investor relation and the image of the company in public. Suresh has stated that a new person has been hired for investors relations and that they would work towards making better this aspect of the company. We emphasised regarding the replying to the mails sent to the company, and he has assured that very soon steps would be taken to address it.

An update about the investor’s presentation held in September was asked, and Suresh said that notification on it would be sent to the exchanges.

Regarding the EY audit, he has agreed to share the copy to one of our representatives.

[Rathi_b]

Admin ji you can post it on twitter if you deem it fit. Adds credibility to our forum.

[admin]

Thanks to our Hyderabad representatives of 'Brightcom Investors Forum' to meet with @BrightcomGroup management today at their Hyderabad office, which they say was fruitful. Please read what they have to say,https://t.co/KOX45R8p4U

— Brightcom Investors Forum (@BrightcomInvest) October 5, 2020

[buffet]

@Rathi_b

Thank you for the update! I hope better days are ahead.

Since SKR has already spoken to G-gang, can you please share some info on the below queries in brief about their role?

1) What’s their agenda behind this price manipulation?
2) When it will end?
3) Is BCG/SKR planning to buyback from the open market in huge quantities to stop the operator’s play?
4) Many have the feeling that operators are working on SKR’s behalf to corner more shares. Any clarification received in this regard?
5) Any discussion around appointment & the role of Mr. Acharya in BoD?
6) lycos has been already handed over to Daum. Is there any legal obligation to bring it back?

[Rathi_b]

@buffet SKR has categorically stated that he has no role in price manipulation on the contrary he himself stated that he was pained by the recent selloff. I can’t state when it will end or it has ended today but he has assured that getting stable investors and reducing liquidity is his atmost priority. Regarding buyback he has said what he had said in the concall.
Peshwa Acharya is a board member now and SKR said that he was looking forward to his contribution to the company.
Regarding DAUM and his obligation to buy it back he has assured us that the ball was in his court and he would settle it at the earliest once LOC is operational. He stated that since the brand(LYCOS) is now not in any use and that they had used it before, buying it back would add confidence and credibility to the company. He has stated that LOC is in its final stages.

[ramganesh1982]

@Rathi_b great to hear from you after the discussions. Can we expect the Axis bank loan closure this month ? Did he mention any date or timeline for this closure as he is very positive on this one ? The reason I am asking is that ,this will stream line a lot of things to follow and build the investors confidence to a Great extent (imo this will easily take the stock to 30 rs , I am not keen on numbers here but I am trying to elucidate the actual weightage of this minor issue). Irrespective of the legal problems and procedures involved it’s bringing down the trustablity of the management when investors start comparing it’s revenue vs the amount to be settled to Axis. Hoping for a better tomorrow

[Rathi_b]

It is with Axis now, they need to get back to the company. Whenever they do so at their choosing the issue would be settled. SKR had reassuring response in this regard.

[Author]

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