[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..

[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.

[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]

No real market here.at the moment.
If some one comes with 10K sell it can go into LC.
Amazing stuff.

[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.

[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]

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.

[108BULLGURU]

Looks like lot of things can and may happen in a short time .
Any one selling before the annual report is out may not be acting so wisely.

[108BULLGURU]

company holding cards v v close to the chest. As a long term holder i am holding my BCG shares very close and hidden in the lockers far awaya from the sight of operators and manipulators.
WINK WINK. SMILE SMILE. Big grin

[108BULLGURU]

I see distinct possibility of BV crossed by May end 2020.

[108BULLGURU]

Is SKR a hero?
See SKR may be good technically but in the eyes of the
market he is a villain and not a hero so far if we look back
as market is paying 5 rupee for his 70 rupee BV stock.
Just from the top of my head calculations,
SKR being at the top has made decisions that has cost the company so far
may be around 1000 crrore rupee losses.
Consider the reverse merger, then the write offs, then the money lost on the failed
Lycos life wrist watch.
Keep going.
It is endless.
Damage caused by Daum litigation runs into tens of thousands of crores in terms of lost opportunity over these 5 years with stunted growth of the compabny and stock price crashing from 156 area to below 3 rupee instead of being 2500 or so.
SO SKR a top flop CEO with numerous mistakes. Easy to give lectures on business to a group of people but hard to look into the mirror and se ones own truth.
So time for some to wake up own it all up and then correct.
No change happens without accepting mistakes and changing course.

[108BULLGURU]

well general thinking is that other assetts were firewalled in a way.
Hnece Daum could not touch them.
My thinking in hind sight is that big fall in the stock price is because of this litigation and Daum issue.
Once there is closure BCG can be expected to make decent moves towards ALL TIME HIGHS if not fair market price immediately.

[108BULLGURU]

Agreed.
In June /July i think compan ycame with announcment to BSE that an amiunt has been agreed with Daum but Daum is not willing toput it in writing.So we cant make an announcment.
So some thing some where that the investors goes only with trust and cant really put his her finger on. Same true for preferential issue.Buyer not disclosed. May be company wants to pay Daum oout or at least sign an agreemenet first adn then first make Daum ANNCMNT AND THEN PRFERNTL BUYER.
So getting v interesting.Yes news flow can trump all technicals. here right left and centre. Hnece i stayed in as it will just be impossible to get in if one is out..

[108BULLGURU]

Yes wwe did follow them down from 70 odd to below 3.
Not sure what we followed then.
Many of us.

[108BULLGURU]

People say technicals dont work. see how selling came right on dot.
Here is the link to the chart.
I have written about this ;level here many times.
daily restnce BCG

[108BULLGURU]

Even if free cash flow comes to 3 rupee per share after settling loans and few other things 15% of it comes to 45 paisa .
so yes 20% plus.
I dont expect any more news before Jan 2020 to be released.
I think we will shoot through 10. and if all goes well we will keep moving forward to an equilibrium state in coming months and beyond where market establishes and settles at a fair value for BCG.
iF MANAGEMENT BEHAVES PROPERLY AND SHOWS WISDOM THEN that is the likely scenario.
Waiting mode and adding mode on.
Got one small fill waiting for another.
Long way to go to the upside from here.

[108BULLGURU]

so that is nearly 100Miln USD and around 130 million USD in receivables whcih
seem to be coming in and being rotated.
adds upto 230 million USD.
wall st journal showing free cash flow of 1.71 rupee per share for ffirst six months of operations.
Could line up good for a reasonable dividend payout
for current financial year.
I tried to add more today but was not successful.
Looks like UC to continue till fair value ,may be some small intermittent relief if any at all.
.
UR guess is as good as mine.But if i was a betting man i would bet on what i have written.

[108BULLGURU]

They are trying to explain where the money has been put.
That is accounts worth 100Miln USD.
Looks like some one working hard and feels the need to come with disclosures.
Helps to win the coonfidence of the investors and the markets.
See when 7.50 taken out next technical projection is 11.50 to 12 zone. Then 22-23 from where it fell in a heap. when it crosses 22 i think market cap shoots through 1000 crores then MFS AND FIIS will be forced to have a look at it as to what is going on.

[108BULLGURU]

see complaint is with ED for the last more than 2 months with the top of the top man of India.
So they are vomiting out every thing.
That is good for all the stakeholders including the promoters who are the biggest owners of this company.

[108BULLGURU]

What is the disclosure?

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