- This topic has 29 replies, 10 voices, and was last updated 2 years, 4 months ago by kpal.
February 21, 2020 at 4:06 pm #5282Raj
Details on nse website.0February 21, 2020 at 4:07 pm #5285adminKeymaster
Thanks Raj for sharing the announcement notifications. Request everyone to go through and share your views.
Daum Board Meeting – https://archives.nseindia.com/corporate/BCG_21022020142656_BMoutcome.pdf0February 21, 2020 at 4:08 pm #5286Lycos_InvestorRegistered Boarder
Good to note that the final amount and mode of payment for Daum settlement is agreed by both parties.I hope we would get some hint on the final amount and the time by which the issue will be settled in tommorow’s conf call, even though it has been mentioned as confidential.0February 21, 2020 at 4:24 pm #5291JaysRegistered Boarder
Great positive call tomorrow..cheers to all the patient LT investors.. hope we will all be rewarded soon..0February 21, 2020 at 4:32 pm #5292
Hope with these news and notifications of Daum and PO respectively, we all LT investors (at least) will be more patient and confident in the performance of the Company(Group) and will appreciate the act of SK, henceforth. There will be much more positive news/points/comments/declarations/indications during forthcoming Conf. Call of 22nd. Good Luck. Cheers.0February 21, 2020 at 4:35 pm #5293sateannaRegistered Boarder
Good updates, i hope we get a final date on when Daum will be closed tomorrow. Awaiting favorable market reaction on Monday. Hope we see plenty of buyers.0February 21, 2020 at 4:39 pm #5294adminKeymasterFebruary 21, 2020 at 5:04 pm #5295Logicalspeak
Positive development definitely. This will pave way quickly for consolidation and bringing them under one US entity as already announced and publishing global audit report by one of the big 4.
The biggest dragging force all these while (daum settlement) is finally getting liberated for all the good thing to follow.0February 21, 2020 at 5:05 pm #5296Srini
What is the significance of Daum settlement in terms of BCG’s financials? Or is it mostly about the valuation (P/E multiple) that the market would be willing to offer because of logical closure to a legal case even though it does not materially changes anything in terms of financial? Can someone explain?0February 21, 2020 at 5:14 pm #5300Investor_2022Registered Boarder
One more point to be noticed, as Daum settlement is done, most probably, Lycos business revenue will be back on the balance sheet.0February 21, 2020 at 5:22 pm #5299Logicalspeak
The updated letter says, the feed back recieved from daum is noted by the board and authorised suresh reddy and legal team to complete the formalities for the agreement. From the above it appears board agreed the feed back.Similarly amount and payment schedule also agreed by both parties. From the above, it must be in writing . Earlier it was only verbal. This is the biggest difference and daum can not backtrack now.Similarly it is stated that a confidentiality agreement is also now existing between The two parties.From the above definitely now the things are agreeg in writing.0February 21, 2020 at 5:40 pm #5305
More important point is “MODE OF PAYMENT” which could be a game changer of whole scenario; once it is clarified by SKR in detail, this is purely my thought. Very positive vibrations!0February 21, 2020 at 6:03 pm #5302kpal
Certainly it is, A definite time line on the closure would have een great, Which is not the case, May e we might come to know during tomorrow con call. How the stock price will react will e the est indicator as to how the markets have judged it. Cheers !!!0February 21, 2020 at 6:04 pm #5303Logicalspeak
Lycos Inc numbers can be included only after final closing of th case in N.Y. including recievership. Till the agreed payment schedule is completely complied with, I think recievership will continue and after that the entire books of account of Lycos Inc including the balance cash if any will be transferred back to the company with retrospective effect. This may take some time till the final closure of full scheduled pament, as per my thinking.0February 21, 2020 at 6:04 pm #5304Shiva73
And also one more question to ask in concall is it oak is exiting? becoz their time period came to an end by this June.0February 21, 2020 at 6:45 pm #5309Surya
As expected, this time there is no much drama. Good to clear few clouds.
I remember from one of the conf.call, SKR mentioned that settlement of Daum will not solve all the issues certainly.
The biggest issue we might still need to face is that, the operator game in the scrip which might continue (never ending game,and depends on satisfaction levels of greed by the operators), unless if it is not really controlled for Daum settlement.
In case, as many noted earlier, if it is because of Daum settlement, we hope positive move in the price and so called operator group should leave and market discovers the real value of this gem. Hoping for the best…0February 21, 2020 at 7:01 pm #5313kpal
@Platinum, Your expert comments on today’s disclosure pls.0February 21, 2020 at 7:06 pm #5316sagraaRegistered Boarder
Somehow, I feel mode of payment would include BCG equity as well.0February 21, 2020 at 7:38 pm #5318
Certaintly, today’s BoD meeting its Daum feedback on settlement agreement was received and duly noted simultaneously POA given to SKR to achieve final settlement sum and MODE of payment – will definitely be a big surprise benefit for Group in favor of BCG shareholders.
This will be disclosed post obtaining signatures on final written agreement resulting from the purely efforts of SKR alone to deal with Daum.
These are my personal views and opinion sharing members of our Board.0February 21, 2020 at 8:19 pm #5320sateanna
Can anybody throw light on how much BCG stands to gain or loss by adopting Lycos financials after the daum deal is done ??1+
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