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akkithegrtRegistered Boarder
@Logan Sir and @Saach Sir, I hope you both have a great, healthy, and wealthy retired life.
Finally, something positive has arrived at BCG.
We investors hope that BCG will grow with new management and SKR will support them in background.
akkithegrtRegistered Boarder@vkhare789ji I think SKR getting out of BCG itself is a risk.
If all the financials are real, then SKR was one of the greatest technocrats who took BCG to new heights,but if all the financials are forged, then SKR will be called a scamster. (Right now, it is hypothetical.) SKR’s may form a new company in the US and may attract BCG clients towards his new company if everything is true.
Today’s result will unearth the truth of BCG.
Let’s hope for something positive for BCG.
akkithegrtRegistered BoarderCONDITION 1
SKR has a great chance to prove the haters wrong. He can show the results as they are and prove haters wrong that the revenue and profits of the company are true. This will create a positive image of SKR in front of investors.or
CONDITION 2
If he cares for himself,he will show forge results and prove that because he was thrown out of company,company cannot be run.I think that BCG’s financials are true, or else SKR would have run to the US.
akkithegrtRegistered BoarderakkithegrtRegistered BoarderBrightcom, in its petition, said the allegations made in Sebi’s order were “baseless and completely unfounded.”. The company added that its turnover was expected to substantially deteriorate in the September and December quarters as a result of Sebi’s actions.
SKR, once again, is playing with shareholders and creating new action dramas, which may be because of this condition.
1) Results are as per expectations,but SKR wants to show that as he is no longer in the company,results are going to be bad. Only he can handle BCG.
2) The results are really bad, and he is showing off that if he had been there in the company, it would have achieved as per forecast.Really, as a long-term investor, it hurts.Shame on SKR for playing with retail shareholders.
akkithegrtRegistered BoarderWhat I think is that if we connect the dots,SKR was trying to hide whatever he had done wrong.
1) Allotting preferential allotment to himself through x people without costing him a single penny. This gives a hint that he saw a sudden jump in the company’s revenue after COVID.
2) No one is a fool to show a fake result when a forensic audit is going on.
3) I have seen many companies results go in a downtrend when Sebi’s forensic audit was initiated.Now to get a true view,quarter 2 results are going to be important,as no one will risk showing a fake result,so whatever results are there for quarter 2, they will come as they are.
Let’s wait, watch, and hope all investors recover their losses.
Till then, those who are at higher levels trade with the operator to minimise their losses.
Say your buying price is 100, and if you had sold at 36 and bought at 12, your actual buying price would have come to 33, and then you would have again sold it at 21. Strategies are important!Pls note that BCG has pattern,so it is not at all difficult to understand buying and selling pattern !
Rather than complaining, it is you who have to take action so that your loss is minimised.akkithegrtRegistered Boarder@imposiblznuthin Yes, I do agree. I think there will be pain for 3–4 months,but once everything is clear, new investors will start pouring in.
Please note that quarter 2 financials will be important; if they come as per projections,SKR will earn some respect from investors.
I don’t think SKR has done financial manipulation; if he had, he wouldn’t have been here posting to exchanges about shares being invoked.
The problem is people like Sucheta Dalal, because without knowing it, she has started giving examples of BCG scams everywhere. Mind it,wow,she thinks of investors.
The next guy is Shankar Sharma. Stop following him; he has lost my respect after taking your turn on BCG. He should have come forward as a big investor, and his job was to get it done from management in such a condition.
akkithegrtRegistered Boarder@imposiblznuthin Yes, I do agree. I think there will be pain for 3–4 months,but once everything is clear, new investors will start pouring in.
Please note that quarter 2 financials will be important; if they come as per projections,SKR will earn some respect from investors.
I don’t think SKR has done financial manipulation; if he had, he wouldn’t have been here posting to exchanges about shares being invoked.
The problem is people like Sucheta Dalal, because without knowing it, she has started giving examples of BCG scams everywhere. Mind it,wow,she thinks of investors.
The next guy is Shankar Sharma. Stop following him; he has lost my respect after taking your turn on BCG. He should have come forward as a big investor, and his job was to get it done from management in such a condition.
6+akkithegrtRegistered BoarderI don’t know about upper,but somewhere my instincts says ,BCG financials are true,once sebi comes out with FA we may see new high.
lets wait and watch!
12+akkithegrtRegistered BoarderCheck out Mr. Peshwa Acharya’s status on LinkedIn and Twitter. This shows that he is not interested in BCG anymore.
Who will lead is a million-dollar question; may be someone from subsidiaries will be good?
Attachments:
5+akkithegrtRegistered Boarderany updates on Board meeting,any hint is it going to happen or not as skr is absconding…!!!
3+akkithegrtRegistered Boarder@Loga Thanks.
Sunday’s meeting will be historical.If SKR comes out with funny answers then all investors should better go to Hyderabad and raid all SKR properties and ask him to sell that and pay to investors.
2+akkithegrtRegistered BoarderI think only thing that can save BCG is financials or else BCG is on the path to become history with our money as history as well!!
6+akkithegrtRegistered BoarderYes,off course the volume of 1 cr is not of retailer.I think definitely hostile takeover is going on.We know that 75% financials are audited ,so that is enough to give hope BCG will be back once management is changed.
lets hope it stabilizes between 16-19!!
akkithegrtRegistered Boarder@Whyshares whatever you have told is true.SKR has done fraud we have to accept it,but i think if financials are real then definitely company will be taken over by big corporates.
I had doubt when SKR avoided all the questions in sunday’s conference and the way share price reacted,it was directly a negative sign some storm is going to come.
Now the only hopes are reported financials are true!!
akkithegrtRegistered BoarderYesterday’s attitude shows SKR is still not serious about investors. Serious decisions,like confirming the next auditing firm (the old auditor had resigned on July 27; they had many days to pick any NSE100 auditor), are still pending.
SKR is not even serious about FPIs and Shankar Sharma, from whom he raised money for the company. Even their returns are zero from the last 2 years or so, as the stock is trading at their buying price.
He hasn’t even answered whether SEBI has accepted the extension for the financials to be submitted as per IND AS or not.
SKR will need to improve his attitude, or else retail investors will always suffer!
akkithegrtRegistered BoarderYesterday’s investor meeting was a disaster. SKR didn’t answer any of the main concerns, like why did the auditor resign and when will a new auditor come?
Because of the above reasons, I have sold my 50% holdings and will only add once the auditor’s picture is clear.
I am extremely disappointed in the way Skr answered the questions.
7+akkithegrtRegistered BoarderI don’t believe there will be a significant effect on BCG’s share price from the latest SHP (Shareholding Pattern) utilization as BCG’s business is growing. Once the forensic results are out, regardless of the outcome, it might experience a short-term decline, but in the long term, the share price will reflect the business growth.
Highly bullish on long-term growth on BCG!!akkithegrtRegistered BoarderakkithegrtRegistered Boarder@Chris ,FA’s final order is expected by the end of August.
This show cause notice is a direct rebuke to those who published an article on SRK claiming that he made a whopping 3000 crore profit by selling 10 crore shares.
I believe that a complaint should be filed by the company against the article’s publishers.
Yes, BCG has CG issues, but does it also have business issues?The answer is no.
Business is expanding, which indicates that SRk is the right man, and CG will be improved in the coming days.
There are two approaches to bcg-
1)If the business is doing well, the CG will undoubtedly improve.
2)SRK is a great businessman, but as a CEO, he needs to handle CG well, and CG will be improved in the coming days..!! -
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