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  • in reply to: General Discussion #392
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    Hello BCG Investor,

    Thanks for showing interest in the new forum. To add to what 108Bullguru advised, here you can see views shared by knowledgeable investors of BCG for everyone to take an informed decision. Please go through each of the topics and discover things which are new to many of us.

    Regards,
    Admin

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    in reply to: Is BCG zero or hero #364
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    Rat is thrown out from the house. Will ensure this place is not infested by any rat or rodents.

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    in reply to: Guidelines #238
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    Thanks everyone for making this forum lively with diverse views.

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    in reply to: AGM update #186
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    AGM was held on September 27 2019. I had not attended but following are the update from known sources.

    SKR said LOC will be ready by 2 months and its paper work is done almost 90%. Once LOC is secured it will help to settle the Daum issue and dividend distribution.

    He also discussed the debt restructuring plans with SBI, Canara and Axis the details of which I have already shares in other posts.

    When asked about AFFLE, SKR said AFFLE is mostly into mobile segment with lesser Global presence than BCG.

    Request others to please add if there are other important points which is missed.

    • This reply was modified 4 years, 7 months ago by admin.
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    in reply to: General Discussion #181
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    In the AGM held on September last, SKR said that they are working with Axis debt payment. Axis on knowing that one time settlement with SBI and Canara is done, Axis is trying to get a better cut for themselves and hence the delay in the process. Since then did not see any official notification in the exchange yet.

    • This reply was modified 4 years, 7 months ago by admin.
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    in reply to: General Discussion #166
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    Hi Raj, Thanks to notify this update which is inline with company statement to close all bank debts. In June, BCG had mentioned regarding one time settlement negotiated with Canara bank, so this is done. Below is the transcript of the update in June.

    “We reached an ‘one time settlement’ agreement with Canara Bank to settle all outstanding debt, of which we have already paid significant portion and an amount of about Rs. 16 crores is pending”

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    in reply to: General Discussion #162
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    Hi sateanna, the pledged shares seems more to do with loan with Indian banks. Once the banks loan are closed the pledges shares will also get release. With today’s investment update of clearing all dues with Canara (SBI already done) and upcoming will be Axis bank, we can hope the pledged shares will also get release sooner. Also it seems clearing of debts is also required criteria for LOC.

    • This reply was modified 4 years, 7 months ago by admin.
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    in reply to: General Discussion #142
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    Thank you for using this forum.

    The previous year Brightcom Group Q2 results was announced on Nov 14. We have not got any intimation for the board meeting date for the result announcement. After the date for board meeting is intimated, it takes minimum one week for the result announcement. So we can expect the results not earlier Nov 7. Looks like it will be around second week itself.

    Hope this helped. Please share the forum with other boarders for better participation

    2+
    in reply to: General Discussion #128
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    Hi Badri,

    The company is operating well if the numbers are be be believed and also matching the industry peers. The low CMP is attributed to the Daum case ever since YBrant bought Lycos from Daum holdings (now known as Kakao, South Korean based company). Ybrant had also changed the company name to Lycos Internet, for a better brand appeal in US. The promoters of Ybrant had to declare bankruptcy in order to restrict Daum from taking any advantage. In 2018 the court finally ruled in favour of Lycos Internet with an order to handover Lycos recievership back to Daum and asked both parties for an out of court settlement. Following which the name was again changed from Lycos Internet to Brightcom Global .

    Since then negotiations between the two took more than two years and as per latest communication from SKR, it has been verbally settled and the formal proceedings need to be completed and will be notified very soon to investor community. However SKR has not revealed the figure both of parties reached towards the settlement, but one thing is understood that Lycos will again be back to Brightcom!. For the settlement, Line of Credit (LOC) is required since the cash flows generated as of now is poured back into the business due to competitive nature of Ad industry. One thing worth mention is BCG has closed much of the debts with the cash flows. LOC and preferential allotment news is soon to be expected, and the committed time frame has already passed. Investors keenly awaiting official update on this.

    Thank you!

Viewing 9 posts - 281 through 289 (of 289 total)