[108BULLGURU]

who cares as long as compan yperforms and t other issues are closed. May be some small number in personal capacity pledged is my guess. I think SKR hinted about that in last conf call

[108BULLGURU]

pledged means pledged where ever they are.

[108BULLGURU]

Good find. Tells every thing how ping poing is being played and small retail investors are being fooled and scared to sell their shares at rock bottom price.

[108BULLGURU]

if any onbe thinks this is real market.
Just putan order for 50000 shares at upto UC price limit.U willl see it UC limit locked.
No real market.
all PING PONG BEING P;LAYED

[108BULLGURU]

As i understand the only assets this compan ywill have will be irs receivables, its techy employees and cash in foreign subsidiaries. so to get loan and cash advance line for business in india (as all cash is in subsiaidaries abroad )it may have used its shares when they were selling at very high price. As the price fell from 160 to 70 to 60 to 3 the number of shares needed to pledge would have gone up.
As loans get paid and stock price has gone up from 3 to 6
i think all shares wil be released soon or may have been releasewd.
Last cxonf call SKR said he will make an announcement to exchanges soon re that as to what is the situation.
Lot of positive news may have been lined up waiting release after PO completion and Daum settlement which may have already happened .They may delay the signing of agreemenet to suit the parties .wink wink. my thinking. cheeky buggers.

Waiting mode on

[108BULLGURU]

Yes. Edelweiss Custodial Services is proxy for some professional investor. I doubt it is a a Mutual Fund, as the MarketCap is still below their threshold. But it can definitely be a PMS investor. They do not have any such restrictions.

Good for him/them.
WELL IT is a vote of confidence in the stock and its fututre for sure.
It has to be a well informed investor.
Retail investors decreased from 36000 to 30000 and now below
29000.
It is always the reatil that becomes sheep/canon fodder.
tears……..

[108BULLGURU]

I think they are working on its release. If all bank loans are paid then bank will have to release them.If stock pruce also has moved from 3 rupee to 6 rupee then also they have to release them.
WAITING MODE ON

[108BULLGURU]

Have a good look at this link and details
Loyt of shares held in coporate bodies, now Edelweiss
and the rest.
330 individuals hold near 19% as indivuidua non promoer shareholders.
so there is a big need for a seat on the board of directors form private retail investors.as there are 30000 other small investors.shareholding pattern

[108BULLGURU]

I am not saying it.People have been writing about it. Satyam was far bigger and every one knows what happened.
I PERSONALLY SEE LESS CHANCES OF THE NUMBERS BEING COOKED. IF all taxes have been paid etc etc..
So many mergers happened . all paid. bank loans paid. 1000 crores of cash burn out in buy ot ,150 crores write of of legacy stuff. Lycos life losses.
so all those made the free cash flow BURN OUT.
So numbers could be real but created a feeling in the market that they were not.

[108BULLGURU]

I think we will see 2019-20 finncl yr accounts with sbs audited presented by big 4 and oneo f big 4 also appointed as statutory auditors forr coming finncl year.

[108BULLGURU]

auditing of all subs by big four and consolidation of foreing sunsidiaries going on.
I think they wont make any positive announcement till PO shares are allotted and Daum has signed the closure of Lycos case on DOTTED LINE.
if all these things happen and numbers are true which is highly likely,
then in time this stock is at least a 100 times multibagger.
Hence the silence till …..

[108BULLGURU]

Meanwhile what all you think , whether we should vote in favour or against the board resolution on Approval of issue of fresh stock….
Our voting wont matter as promoters and his chums have the majority and it will be passed any way.
I think once pref shrs alltmnt
is complete we will hear the news re Daum sealed and the rest one after the other.
News re pledged shares release too. No sooner it crosses 20 after PO issue, market cap will cross 1000 crores and FIIS AND MFS will be looking at it.

[108BULLGURU]

Thanks dear.
And well friends
dont be too concerned about this drip feed small lots selling to keep pressure on the price at the moment.
It will continue till U sign the ballot to give these PO shares for free.
i mean only 10 rupee rather than 300-500

[108BULLGURU]

I know many of us are very enthusiastic talking about its huge potential and fair price.
Let us consider what the chart says are the levels on the way up.
7.50
10-12 range
18,
20-23.
27-28.
35-40.
45 …. 5 yr old highs
60-70.
135.
150.
if and when 156 broken on high volume then we see next technical projection as
300-330 area.
Donwside.
support levels
5
3
2.40
Keep smiling

[108BULLGURU]

Agreed .This UC LC busniess has no meaning in the lon term except to whiplash some and throw the weak hands out.

[108BULLGURU]

Absolutely.
Market will speak.
It will tell loud and clear if not immediately then in few days after the Daum settlement..

[108BULLGURU]

Many long term investors find it hard to hold when they just recover their loss.
I have only added all the time may be in hind sight i think as partly revenge trading/investing as my average was very high.
Not sold or traded even a single share.
I can’t believe i have built my position to this level.
I also cant believe how i liquidated my other 3 portfolios.
We may say we are very clever and take the credit for our success, but most of us are programmed and act accordingly.
Looks like BRIGHTCOM train will keep gathering momentum

[108BULLGURU]

In the past he has told people to sell if they are not happy.
This time he did not say not to sell, he said i will suggest not taking any drastic action as company is at inflection point and you will get back more than your fixed deposit (of 5 years.)
The facts that you are highlighting like paying all the outstanding debts/loans and becoming debt free hence release of pledged hsares are very important.
If we get the consolidated accounts with all the subsidiaries audited by one of big four then i stand by my statement that fair market price is between 500-1000 rupee for each share of BCG..

[108BULLGURU]

I rememeber v well that was i think the first question of the conf call.
Market has lost faith and the stock is not under the radar of the people who matter.
However things change in the market.
That is what makes the market.

[108BULLGURU]

operator has to buy back all the stock that they
sold today before the end of the day.
Dont U think

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