[Fox@108]

Interesting how market forces are controlling the price can’t see any manipulation. Rightly said by the man who knows all about BCG!

[Fox@108]

Well Anirudh, I believe let’s not fight against one man. It doesn’t matter and nobody cares if Logan is SKR, an insider from the management, a paid agent like in MMB, telegram channel or just a retail investor of BCG. Our fight should be against BCG and it’s management. If we can take action against them than if someone is wearing a mask they too will face the heat.

I would like you, mayur, Diana and all other long term investors who believe and have evidence to go forward and take action against the management be it any legal way.
Let there be a forensic audit.
Individual doesn’t matter, let there be an investigation and make things clear once and for all. Losing our invested money is not a big deal but to ride a false hope is.
Like I said before if company is clean than any enquiry will not do harm.

There are agents working for the management/operators in all platforms. It is evident from AGM itself when during concall how cleverly SKR made their selected people to ask questions so that no one could ask anything about PW’s.

I have already mailed you once. I’m from Guwahati so can’t be physically present but will try to help anyway possible. But yes, my fight is not against any individual. I just want things to get clear regarding what’s happening inside the management.

[Fox@108]

I don’t think closing the forum will do any good. Infact it’s giving the retail investors the strength to put forward the causes. It’s no longer a platform where only the positive sides are discussed but the wrongdoings of the management/one man army is also for everyone to see.

Future/potential investors can easily know the company and also realise why such a lucrative share is languishing at this rate. I believe this forum is essential for present/past/future investors.

I think, almost every investors will agree of the manipulation going on barring few investors/insiders and I believe this forum will play a vital role in bringing the investors together to carry forward in taking any action against the management/One man army as a TEAM!!

[Fox@108]

@Anirudhreddy: thank you for the response. I will be sending you a mail now. Thank you.

@Jay69: sorry if my words doesn’t go down with the forum but I can’t think of any other way of describing them. And yes you’re right if any steps will be taken than it will be the Hyderabad team but yes I have cleared my view that I’m ready to help in any way. And if the company has nothing to hide than no investigation can harm it’s valuation. In short term it might effect but for long term it will be more beneficial if everything is clean

@Odysee: Yes you said it on point. The point on how these group of subsidiaries could provide satisfactory figures to the group of lenders without a common reputable auditor.

That’s why consolidation of subsidiaries is essential. And the audited no.’s from the respective countries of the subsidiaries are not taken into confidence by the market or the lenders.
There has been a series of excuses coming from the management, during the concall after 2nd quarter. Skr had replied to a question. “..LOC will be done if not by this bank than some other…” (This point only indicates there was an issue) and this time he talked about golden Sachs and other lender.
Even after the visit of the group from Hyderabad team when it felt LOC is just round the corner but it’s being dragged.

The point of how these group of subsidiaries could provide satisfactory numbers without a common reputable auditor validates my view of why the figures needs to be enquired if management voluntarily not interested to consolidate the subsidiaries.

And also, it’s not what we retailers beleive that matters but what the market and the institutions perceive the company. And I beleive if numbers and price manipulation and all were not an issue for the market/institutions than the share price would not have been where it is.

@Logan: My believing or not will not take the share price anywhere. But whether the market, lenders and big institution buyers believe or no is the issue.
And like I said, if numbers, share price manipulation (intentionally) were not an issue (for the larger market) than I beleive a company like BCG would not be trading in this valuation. I think with the same numbers if management went for consolidation before expanding business the value unlock and confidence in the market would have been much bigger.

[Fox@108]

Every investor when they enter a script understands it’s risk and reward ratio and so did we as investors of BCG. But it shouldn’t stop us from questioning or taking actions against the wrong doings by its own management.
We can’t be like the idiots in MC forum who simply keeps on criticizing the company neither can we be like few idiots in the telegram group who can’t even accept the genuine negative points of BCG.
As a long term investors it’s the duty to show both side of the coins and gather people to strengthen the retail investors issues in this script.

At present the scenario is very clear, ie the blatant manipulation in share price. True, no one can deny the company potential nor can we deny the risk of it going nowhere. And I think it’s high time we from this forum start taking action.
I personally don’t have enough knowledge on the legal matters but I’m sure there will be few from this group.
The best we can do now is all can individually sign a petition asking sebi to order an independent enquiry into the working of the management of BCG and mail the petition to an individual who has legal knowledge so that person can forward it to SEBI.

If say even 1000 investors also come forward it can give huge weightage. I’m from Assam and I’m ready to contribute in anyway to fight for the truth. Let everything come clear we can’t be in false hope of every year of BCG to turnaround.
Let their be an enquiry so that to know whether it’s subsidiaries and it’s numbers are actually true or inflated.
If company don’t want to consolidate it’s subsidiaries than we are in deep water. It’s standalone business is non operational almost and consolidated no’s are not audited. So even if warrants are approved and still no transperancy in governance, than the rally won’t be a healthy one (if there happens to be a rally)

The way it’s going the script is becoming ideal more for the swing traders than long term investors.

[Fox@108]

I really appreciate the efforts of the Hyderabad team who are planning to meet skr soon but previous meetings didn’t bear any fruit on ground with respect to share price manipulation.

1) As SKR is good with speeches and knows how to deal with shareholders with his words so I request this time the members to pressurize the CEO and make him understand how frustrated the long term investors are and how most investors are planning to take legal steps in any way possible to stop the manipulation if management is least interested.

2) Also need to highlight the pathetic corporate governance and failed timelines. The recent distribution of dividends (though I don’t care about the dividend neither I mailed to get it) but it highlights the poor governance when they fail to pay according to SEBI guidelines.
Make them realise investors didn’t care about the dividend but the way it was distributed did more damage than any good to the already shattered corporate governance image of BCG.

3) Also I beleive questions need to be raised on what’s their future plan with business in India as their standalone performance is not picking up in anyway.

4) why consolidation of all subsidiaries are kept in hold as its important for market sentiment to grow positive and an entity under one umbrella will unlock the company value further.

5) Instead of dividends in the near future let the company go for buyback with that money to reduce free floating shares.

[Fox@108]

Hello all

First of all I would like to thank all the members in this forum for their efforts to enlighten all shareholders about the script. I have been a silent reader for more than a year after stepping in BCG and this forum helped me understand the business like no other.

What I know is that investment should be based on reason and not emotion. And with continuous turn of events in the script with regards to its corporate governance I think it will be foolish to defend the management in any sort with regard to share price manipulation. The movement in price accordingly to meet the requirements of the needy (as so called) is there for everyone to see, be it during oak exit, short rally during most likely exit of the G’s and at present during the wait for PW allotment is enough for us to know how management is involved in it.

Yesterday we could see how sellers were managed to not let the price shoot above 8 even after axis closure news and how today it’s gradually being brought back to near 7.7 levels.

Have utmost respect towards Logan and I don’t want to speculate anyone as insider agent but I guess DH is right when it comes to the dirty games the CEO is doing.
The recorded transcripts of concalls are enough to show how SKR doesn’t walk the talk. From daum to LOC to consolidation of subsidary to below the bench distribution of dividends.

So what worries me is even if there is a rally after PW allotment will it be a healthy one?
As it will be a manipulated rally than how can we expect institutional investors and reputed fund houses to enter?

I believe it’s time we investors do take necessary action to safeguard our investment if corperate governance doesn’t improve soon.

[Author]

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