[anirudhreddy]

Dear BCG’ians

As someone rightly pointed yesterday the needy wont do anything fancy and Jazzy untill PW approval comes. Every and or any news and development will be considered a Non-event in absence of PW approval. The needy is so much desperate not to loose out on building the Rome in last 6 years. However, to the contrary and the biggest fear of all can be will this game going to be ended with PW approval once and for all. Will there be any other angle or hindsight issues will be cited? Will the needy makes money in market by rewarding Retailers atall? I remember the needy was never been rewarding to any of the long trail/list of investors till inception of company reverse merger in 2012, why will we retailers wont hurt the needy when he thinks of rewarding through the value discovery. Someone big fish like Airtel, RIL should show interest to intrude in company shares and board seat else we may never be sure what the actual Needy wants even after accomplishing last mile in the books. Very tricky and difficult to form a definite opinion on such greedy and needy souls.

[anirudhreddy]

@drjaysee much appreciated your efforts. Please note, anything which is available on MCA, Exchanges, public forums which are made for public/investors purpose can be shared. There is no clause or Legal binding to it whether such data or details cannot be shared. MCA says you fees and download data available with us which is filled by company. So completely legitimate to share what is filled with MCA. And moreover we all are investors here and we are not manipulating the data or wrongly using it for any wrong purposes, so my opinion and experience with regards to Legality is fine to be shared among the investors. Rest all @Diana, Admin, Logan sir can put their views before making a final decision.

[anirudhreddy]

Respected @Diana thank you much appreciated your views. Day by Day the fear is catching and latching on to us as we have invested very large chunk in BCG. As many ugly side of the BCG story so far is unfolded knowing or unknowingly i sense the illusions of the truth coming out should bot shatter the dreams and hopes of all BCG investors. I have noticee across social media platforms turning and speaking same language and with lot of confidence on the dirty games that are being played needs no evidence. I see lot of silence across investors at same time who seems to be confident few months back. I see @Rathi and Hyd investor team not getting dates from SKR for meeting. I see Axis is still not closed and no updates received so far. i see no trail so far of 32 crores PO money anywhere being mentioned by skr in confcall as it can easily be unblocked by court to be used and utlized to settle 17 crore total ots agreement amount. I see no hurry from exchanges to give approval to PW even with all documents being provided.I see SKR has kept mum silence on all the retail investors anxiety and fear. i see no definite and guaranteed timeframe of LOC, Consolidation being kept on hold and all plans are at standstill.

@Diana please can you throw some light on some of my biggest fears:

1) Why did skr choose reverse merger with LGS global and have not conducted independent audit on LGS Books to acertain Assets and Liabilities and their business and market share of software business. How come a Adtech company saw value in a software loss making company.

2) Why did BCG not took direct route of primary markets through IPO and entered indian markets? My fear here is Did SKR sensed listing requirements from NSE ane BSE needs Audited books and transparent business ledgers across all its subsidiaries and not taken this route just to avoid Audit again of its books??

Both in 1 and 2 there is clear understanding that both the options are avoided, in first they didnt audited LGS books and took calculative risk of their debts, assets, liablites and second neither got their books audited for listing requirements. If any of the option 1 or option 2 have followed, we may not seen what we are witnessing today. SKR conveniently blame LGS for its Bank debts they carried till now and write off it made of 150 crores in 2013-2014 for their standalone business. By any means and arithmetic of equations and using different theories, this should have never been happened or done. Whats the Links between LGS Global and Ybrant Technologies from 2012 till 2021?? One of LGS board director still exists and have good share in BCG as a NRI in US, dont want to reveal the name.

My next question:

SKR blamed PE investors for their offloading and exists during 2013 till 2018. Did anyone know how these PE investors helped SKR acquiring couple of subsidiaries and aquisitions to the tune of multiple of 100s of crore one of them is Lycos and OMS in israel. We all know what is the valuation of OMS today. It alone has valuation of 2 to 3 Billion dollars. But how did the PE investor’s treated during their fund term in Ybrant everyone knows. They have been shown exit doors at penny levels of their investment made in Ybrant way back in 2009. Is this ethical by any means? How did these innocent PE became Villan and created a fictions story around their exit. Where did theri combined 23% stake gone??

Next question:

Why did SKR never mentioned about Lycos aquisition issue to investors untill in 2016 chapter 11 bankruptcy filled? This was not a overnight issue which came suddenly in 2016, this was way back came to management attention in 2013 and 2014 where Duam demanded more amount and EBITDA percentage brought in picture?

What does Lycos doing now? Why this was never closed till now? From 36m$ it came down to 16m$ and now 8m$ the recent settlement agreement he had with them. Why Koreans put on blame here even with new parent Kokau?? Why this settlement never took on priority and settle international arbitration and create market value in itself???

Why it was so important to keep real market for BCG away by showing these Legacy issues???

Next question:

Why CEO is partial to Muskann in alloting PO and PW?? CEO of Muskaan was an Ex Independent director in Ybrant way back in 2016, was this fact hidden from investors? thats there is vested interest in the allotment??

Next question:

Where are the 32% pledge shares now?? I have seen original Axis Agreement document of 2019 it was only some percentage with Axis out of total 32% and not total pledge of promoters?? Where are these pledge shares lended to and for what? What role does the Finvest capital has in the entire trail?

Next question:

WHERE did Goenkas disappeared overnight or lets say over Oct-Dec 2020 quarter without a trail in shp?? Who acquired their total stake of around 18% at 5 levels???

The 59 entities of PW allottees has one of the known name and linked name to LGS global ex owner. where LGS people coming back to BCG now again???

Why there was No independent Audit so far till date not been made on all its subsidiaries excluding OMS EY Auidt. What is the issue making it all public for the benefit of larget market participants as the only reasons why the real market not trust the numbers. Why there is no seriousness shown to get the real market makers who can give compelling valuation against the listed global adtech players.

Next question:

What are the others Doard of Directors doing? What sense they are making adding 0 value to the management and still taking salary? Why are we not inducting a senio board of directors or an Independent Director from Tech industry like how Tanla has recently done to strengthen its team.

I remember in early 2019 or 2018, there was a resolution passed by board of directors to empower SKR for taking any decision for company on all their behalf?? why so and what made such one man show requirements for a global company. What Is Mr vijay Knachrala doing in US? Why dont someone from OMS Israel dont join parent firm as director? What stopping in doing segregation of dutities??

There was an audit conducted by WO during their funding plans way back in 2018. It was said Duam issued subpoena to WO and they back out. But what stopped BCG to make their Audit report public and what made them again go to new auditor BDO for restructuring and consolidation of their subsdairies??? What was the entire trial of events happened internally we never got to know.

All in All day by day, CEO making things complicated for??? PW?? Axis?? Duam?? Competition?? Self benefits?? Retailer participation?? What is so fearful to make things black and white. If there is value and everyone believes so, then the biggest beneficiary will be ceo himself, why this waiting game from last 5 years??? One issue resolved another created. To manage what and whats has been achieved to feel proud just to spoil ones own image and making investors exit?
Patience have its own limit and once we out play patience somepoint if things doesnt change, lets do what is in best interest of all investors. I am ready for all the support @ Diana and Team needs.

[anirudhreddy]

@hw_tw, to the best of my knowledge and somewhere i read, BCG works with Roku and Amazon in connected TV segments. BCG has made good presense in Connected TV ad segment long back when it was not even in limelight. That’s the good part of BCG, it captures market trends faster than others.

[anirudhreddy]

Just my thoughts, and i can be wrong too here.
I am afraid in absence of PW approval which is yet to be received, we may not receive any clarity from management on alot of issues and development.i dont see anything material to be discussed today or movement in share price Monday onwards. Mostly this confcall might be non-event. Interesting to note, the excellent consolidation of Q&A prepared by Admin and Collective investors here, how this will be addressed given the time slot alloted. Also, further we are yet to receive the confirmation on @Rathi Hyd investor team meet up with skr. Hence we should not expect any major outcome from today’s Confcall.

[anirudhreddy]

in addition to my earlier post any NACH/ACH transfers are allowed currently this is how normally how dividends are being paid by companies. Since the dividends are in NEFT mode your NRE account won’t be allowed for credit. Only option is to provide any of your local account details to IR team.

[anirudhreddy]

@Drjaysee post#10960, due to restrictions by RBI for banks in india who make any transfers othwr than Dividend or certain approved transfers, all other NEFT/RTGS are blocked. since you are receiving it as NEFT through the sending bank, the transfer is being blocked.So you may reach out to company and provide an alternate account number which is local holding account in india, the funds can be transferred in a day or two. This is purely my understanding.

[anirudhreddy]

@Diana, your inputs on the disclosure made to exchanges. Is this positve and need of the hour from management or did we hit the nail in the coffin at the right time. Much appreciate your views on this.

[anirudhreddy]

There is a disclosure by BCG on Axis Bank settlement status.

Attachments:

1. 77da253a-1f47-42be-a4b1-1d77d7971bf2.pdf

[anirudhreddy]

@Diana, i am willing to contribute as well for this nobel cause which can enable the management to take good corp governance decions and maintain transparancy in all the tangible/intangible, verbal/written assurances made so far. To be honest BCG really defies all stock market rules and ethics and goes beyong ones study and reach. No wonder why the stock trading at these levels being in such dynamic business and industry. I sometimes feel did i give up already or still making me believe on things skr way.

[anirudhreddy]

Dear BCGians,

I am a frequent visitor to this forum though silent most of the times. After going through the comments from Logan, Diana and others senior boarders and seeing current sitution, what would be advised to do? i am holding significant quantity from past 5 years. How to handle the trust deficit which is currently so huge to have any concrete time frame about the future aspects. I trust the numbers and their business but not find myself comfortable with management commentary.

[Author]

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