[m4max1979]

They have not officially communicated the purpose for which the dilution is happening but that is anybody’s guess. That being said atleast the new investor(s) would definitely know the purpose and I think will ensure that their money is utilised at the earliest for the said purpose. So in my opinion if the money is being raised for daum settlement process then the same should be settled by next month end.

[108BULLGURU]

If preferential issue leads to settle Daum and then bannks loans are also paid out in couple of months, LOC can come very qucikly as big four likely to finsihs theri job in another 2 monbths from today as told at the last con call. So all ducks could line up in a row very soon.
That is the reason the company is sitting tight and disclosing minimum as per the regulatory needs/obligations.Just my thoughts.

[Shoumik]

Good evening friends.

Time has been condensed for the management.

They have to act swiftly to show everything resolved.

People have figured all out and they, the management, have figured it out what we all have figured out.

Everything is crystal clear and this lull period should be used to our advantage.

All the quantity put up for sale belong to the management.

Attack on this quantity to hurt them the most and let them scramble through events, even more hurriedly .

They were earlier going at a SNAILS pace . Then they wanted to walk slowly like a thief with BLACK INK on their face, in the dark. But lately because of our forum , a SIREN has been blown with super high decibel sound , which has not only alerted the police ( ED, SEBI ) but also woke up the all the general public ( Retail Investors). All these people are running after them with sticks in their hands . Not only sticks the police are behind them with revolvers aiming with both their hands. And now they have no other option but to run like a Usian bolt, pole vault from one building to another like Sergei Bubka and swim in the gutter like Michael Phelps to avoid being caught.

They should be made to run more and more , to tire them out and made to fall in line like good gentlemen who has foregone their earlier job as a thief and start behaving as a saint and a good citizen of the country who start contributing to the GDP .

One last thing they should realize that when they have the qualities of the greats like Usian Bolt, Sergei Bubka and Michael Phelps ( TCS, Infosys, Wipro) why then they want to behave like a thief (lycos Internet).

The name has changed so should the game.

Building market capitalization of BCG , is far more rewarding game and respectful one rather then cheating the small poor retail investors for petty amount.

Imagine where would Jeff Bezos be if he cheated his investors with amazon price of 5 dollars . His net worth would have been a millionth part of what it is presently.

Lessons have to be learnt from seeing our surroundings. The earlier the better for all the stake holders.

[kpal]

Promoter holdings 39%,Out of which Pledged shares 59%.Release of those shares ?? Daum disclosure to exchanges ?? Allotment ratio regards to 7.2% dilution ?? Axis loan closure ?? are all impediments & previous track records speak for itself. Stock range as of now 2.30 to 10.

[108BULLGURU]

there is no choice. neck in the hands of very strong authorities and a bit of slip and suffocation will make eyes come out of the sockets.

[108BULLGURU]

dont worry.It is now a fight for survfival of the management and the owners and its company.They have no choice but to deliver it for all or sink with the ship right to the bottom of the sea.
There is no other option. so what is some oen going to do under such circumstances.

[kpal]

Its a unpolished, Uncut diamond at this juncture. All the impediments mentioned should go away.First toddler step taken with regards to pref allotment, Not to forget that in principle approval also required from the exchanges. How much time it will take is anyone’s guess. Weaving a nice story to make it happen does not make sense, What makes is the unfolding of a actual story. Hope it happens sooner then everyone expects.

[antojp27]

Board of meeting on Friday 20th December.. Looks like this time what ever management informed it is happening one by one. Fingers Crossed.

[108BULLGURU]

We already know re the quantity and price of the preferrentital offer.
What will be important is who is the buyer and what R d terms

[108BULLGURU]

remember that near 7% diklltution happening with this issue
whcih means around 35 million shares.
If you try to buy 35 million shares of this stock from the market, i can guarantee you that the stock price will shoot through its BV in UCS only.
So some one is going to make a killing here.

[Surya]

Does anyone clear what the BSE statement released on this topic ? something still missing ?

[Surya]

To issue and allot 3,14,00,000 Equity Shares of the
Company through Preferential allotment at Rs. 10/- each (face value of Rs. 2/- each)
at a premium of Rs. 8/- for allotment size of Rs. 31,40,00,000

[108BULLGURU]

That is fine .Have they announced the
purpose of the issue and who is getting them.
If they dont do that I WILL THEN BE VOTING AGAINST IT as BV is approx 70 and both these are important reasons to vote that way..

[NIRAJ1]

board approval has done today . voting period one months till february 7. we have wait for one month more…..

[Srd.rdx]

Is it 7.2 %??

They announced 7.2% equity dilution but diluting only 6.5% approx

Does it means someone committing less money or company decided to reduced the dilution?

Enigma!!

[Surya]

exactly 108BG. Why always few pieces of information released ? Do you see the reason behind hiding it ? or it is a practice by any other company ? I am not sure about that.
If it is not the general practice by any other company….
Its high time to show transference with each public release.

[108BULLGURU]

@Surya,
I will suggest others also not to vote for it means IAMN VOTING AGAINST IT… UNLESS I KNOW THESE 2 THINGS….
till we get the purpose of the issue and who is getting these shares.

[VALUEBUYER001]

the company should have given name of the strategic investor and the purpose of PO towards which the funds raised will be utilised

[vsk]

“The details of the potential investors will be circulated to exchanges and shareholders for final approval before the said issuance.”

https://www.bseindia.com/corporates/anndet_new.aspx?newsid=81c7453b-14da-4216-a71e-4ad946864553

Where are the details, oh man this is crazy and not so minority holder friendly update 🙁

[VALUEBUYER001]

there’s no details of PO regarding who isstrategic investor and purpose of issue ofshares on prefential basis

[Author]

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