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thank you @sateanna and team
Conference is between the Hyderabad members (sateanna, tanv, rathi and skvedula). Have not yet received response from the IR team. Their plan is to direct visit on Monday.
2+Thank you all, it feel nice when all of us are united and am sure it is the same for others as well. No one can deny that there is pain when the volatility increases but it should not deter us. Thanks Logan for your time and patience answering everyone’s questions, and I really admire this quality of yours.
It was Logan who again brought up the idea of Sateanna and Tanv to meet the management. Today I had shared with sateanna the contact details of Hyderabad members Tanv, Rathi & SK Vedula who expressed their readiness to meet management. Though I have not got any response from IR yet, sateanna & team can start making alternate plan.
Guys, @Logan has done enough research in the industry specific things and shared all his knowledge to us. If you expect him to answer corporate governance related issues, then I do not feel comfortable at it.
The MMB gang really want to shut this forum and making a lot of noise. I see a glimpse of it here today. It is hard for me to moderate if things continue like this. I believe that any issues we can discuss in a better way. Price fall affects all, be it you, Logan or myself, but we should maintain calm and try to find solutions for it.
@tanv151 – I am sorry, have already sent the list of three attendees considering that it is not safe for a larger group of people visiting at this time. You have requested to include two other friends making the total to six.
I suggest that you please try to arrange alternate meeting of your own by mailing IR or better visiting BCG office directly. In case we do not get any response from IR in the next two days, you all may decide on what to do next.
0Thanks buffet for the questions. Regarding #1. We already had Hitesh/xpertopinion visit BCG office last year and have seen it.
We also have SK Vedula expressing interest to join along with Sateanna and Rathi. I think three is a good number to limit the Covid concerns.
I have send email to IR requesting for an appointment this week. Will be sending the questions if we get a response to it.
4+I will email today EOD to IR requesting to arrange in person meeting with tentative date as Oct 1st. Please discuss/post all the questions which you would like to ask. In the mail I would like to mention the name of attendees along with the questions.
Please send the below details to brightcominvestors@gmail.com,
Full Name:
Contact #:5+@m4max1979 #8598 – This is what I think should have happened. The initial plan was to pay Daum in part payments. The PO fund was planned to be used for Axis debt and Daum part payment. But we have seen the Axis making a stay for the use of PO funds. Perhaps that led to change of plan to pay Daum in full using the LOC. Another factor was with the delay due to travel restrictions.
My view is that it is only two weeks we had got the queries answered in the conference call. Post that we got an update regarding the LOC status which looks to be moving at a good progress. In this short time we also had positive developments with appointment of Mr Peshwa Acharya to the board and the promoter acquisition from open market. We should not get swayed by negative sentiments propagated by certain people.
However it is nothing wrong to plan to meet the management. I am ready to send mail requesting for an appointment once we have the representatives who are ready to meet with a tentative date.
Please check disclosure of BCG promoter’s market purchase.
BSE insider trading https://www.bseindia.com/corporates/Insider_Trading_new.aspx
Attachments:
The news of purchase by the promoter has brought an air of positivity. It deserves a new thread and a shout-out to all the investors for their patience.
7+PESHWA ACHARYA JOINS BRIGHTCOM GROUP’S BOARD OF DIRECTORS
Senior CXO, with 29 yrs experience across FMCG, Retail, Ecommerce, Hospitality and Education domains, comes on Board.
See attached BSE notification for more info.
Attachments:
Sub: Update on the status of the line of credit process
BSE Notitifaction Sep 14 2020
https://www.bseindia.com/xml-data/corpfiling/AttachLive/c4a9897c-91f8-4890-9268-5fc10b8e1853.pdf
Thanks Shivshankar, Rathi and all other members of this forum. I feel happy that our questions were taken by the management. My role is to create a place to share thoughts and stay current with the developments. At the same time I also check that the place do not get unruly and this public forum is not misused by anyone, to exert pressure on any individual or entity.
One of the caller asked many questions one after another and was looking like he is not going to stop even though his main questions were already answered. I agree that everyone should get a fair chance to ask questions and two questions are sufficient per person.
I understand there is more wait for us as it depends on the LOC to close off Daum. As the deadline for it is already passed, four months may be a conservative target given when the above caller really pressed to give an estimate. Let us look forward optimistically and wait for the better future ahead.
Personally I am super excited after the conference, especially the vision put forward by Mr.Suresh Reddy post the Q&A session. Strong vision & roadmap is very crtical in this competitive space where things get redundant/obsolete before one could imagine and am happy to see that brightcom is managing well despite the challenges it had from the past mistakes. Seeing the happenings in the public domain about the growth which brightcom is making everyday, I am very optimistic about the future and the favorable conditions we have in the industry right now.
adminKeymasterHave sent the questions to IR just now. Special thanks to @Logan for helping with majority of questions some of which are very open ended and relevant.
adminKeymasterThank you all for sharing the questions. Will be mailing the consolidated list to IR later tonight. If you have any further questions please post in the interim.
Consolidated Questions:
1. Please update status for Axis debt closure, Daum settlement, Subsidiary consolidation and LOC.2. Is there any delay of delivery of receivables during the pandemic period and its influence on the cash flow in the company if so.
3. We see an increase in the market share % of Adauth, please share more details about it and its significance. And also update on the B-local growing news publishers list.
4. Being a global company, the company lacks transparency sometimes and never replies to our mails and the only time we can communicate with the management is during the conference calls. You can’t expect us to wait for the conference calls to get clarity. There needs to be a big change in the way the company communicates with the shareholders (Also we can’t travel to Hyderabad just to get clarification on few topics).
5. We understand that the company doesn’t want to disclose sensitive information and we are always okay with it but at the same time we need an acknowledgement at least, saying that the company will update the shareholders at the appropriate time. How much ever silly the questions maybe we need the company to reply to our mails, it’s the main thing investors expect from a global company. The sad part is it’s been 8 years since the company came public but still there’s no proper communications with the shareholders.
6. The company has to appoint a board member who has enough experience in dealing with market related activities.
7. We need a breakup of many items in the balance sheet. There are many items classified as “other” and the loans and advances are very high and there’s no information about them in the footnotes (in the annual report). We need proper details about these items in the 2019-20 annual report.
8. We understand that the management doesn’t have control over the daily changes in the stock price but the company has to come up with some measures to reduce the volatility and of course stock price manipulation.
9. In Q4 results, auditor made a remark regarding irregularities in payment of statutory dues and income tax, we need an explanation on that.
10. When can we expect the promoters to buy shares from the open market? This action brings a lot of confidence to investors.
11. Provide links to the subsidiaries’ websites in BCG’s website.
12. We trust the current auditors of the parent company but to bring in more credibility and confidence it would be good to appoint any of the Big 4 to audit the parent company.
13. The company should hold a conference call to discuss business related activities as there won’t be sufficient time to discuss about business in the earnings call as more time will be spent on discussing market related activities.
14. Does BCG provide DSP (Display Side Platform) and DMP (Data Management Platform) services? If yes, how big are they compared to SSP (Supply Side Platform).
15. Is Bold-Win part of BCG?
16. Has BCG entered OTT and Connected TV businesses?
17. US Presidential election’s impact on the business.
18. Did Pisipathy Prasad leave the company?
19. Market share in the industry and how well is the company prepared for the future?
20. Does BCG provide cloud computing services? If yes, how big is it? If no, are there plans to enter once all the outstanding issues are resolved?
21. Are we exploring the usage of blockchain solutions that provide various benefits like faster account receivable and others such as,
– blockchain based payment system to helps advertisers and publishers transfer money instantly (and according to real-time data) using smart contracts.
– As a decentralized, peer-to-peer market for programmatic advertising, it removes the middleman of the advertising world (usually an ad exchange) by using blockchain to connect between publishers and advertisers directly.
– Transparency, Limit ad fraud activities, enhance privacy, etc.adminKeymasterI would like to add one query on using blockchain.
Are we exploring the usage of blockchain solutions that provide various benefits like faster account receivable and others such as,
– blockchain based payment system to helps advertisers and publishers transfer money instantly (and according to real-time data) using smart contracts.
– As a decentralized, peer-to-peer market for programmatic advertising, it removes the middleman of the advertising world (usually an ad exchange) by using blockchain to connect between publishers and advertisers directly.
– Transparency, Limit ad fraud activities, enhance privacy, etc.
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