[bhalothia9]

@rathi_b Thanks for representing all of us. Good to hear all updates, could you please also update if there was any discussion on business, also where would company use the money that it will get for warrants?

[bhalothia9]

We can only speculate, I do not think it’s a right move, and I do not think it’s for handling ‘G’ group. It is possible that these are intermediate receivers and later they sell shares to Promoters. Such large dilution can only be for promoters.

[bhalothia9]

Good morning friends, one strange observation, most of these LLPs were incorporated in 2014:
ARADHANA COMMOSALES LLP. 12 Aug, 2014
SARITA COMMOSALES LLP 7 Aug 2014
MANGAL COMPUSOLUTION PVT LTD. 11/4/2011
KALPANA COMMOSALES LLP. 28Aug, 2014
SAHITAY COMMOSALES LLP. 12 Aug 2014
HANSRAJ COMMOSALES LLP 18 Aug 2014

Also, that if I remember correctly, in 2nd last concall SKR mentioned in the end of the call, that time has come for company to expend, to grow. Not sure if those words are linked to this allotment, may be he want to start something new in India.

[bhalothia9]

Some names are known , which is a good sign.
Shree Puskar Chemicals and Fertilisers:
GAUTAM GOPIKISHAN MAKHARIA PUNEET GOPIKISHAN MAKHARIA

LEPTON SOFTWARE: https://leptonsoftware.com/

I think we should find all allotees information like this and see if they all have connections with Suresh or if they all are IITians

[bhalothia9]

How did BCG found these investors? Do not seems to be linked to Promoters, to me all of them looks to be operators/ trading companies.

[bhalothia9]

@admin Jee, Annual report available on bseindia.

[bhalothia9]

When retail investors are happy with peanuts, what can be done, they will not vote and preferential allotment will pass.
BCG is a public limited company and so every shareholder has equal rights on its assets, why promoters are taking bigger slice?

[bhalothia9]

Everything seems planned, when shares were allotted to Muskaan last time, similar high volume delivery pattern was observed. Later the price was even brought down to scare the retail investors, so that they do not oppose, a similar tactic they may adopt even now, so that this preferential allotment can be done. When OAK wanted to exit, a series of documents were released making a impression that company is at inflection point, so retail investors doesn’t sell their shares and price can be moved up, and now this preferential allotment, on 4th December itself around 50 L shared delivered, and without any movement in price, and it wasn’t the case like earlier trades where when such percentage of delivery happened only when Geonkas did movement, there are lots of trades. All companies does such kind of manipulation, but normally it’s done upwards when company agrees to allot a small percentage of shares to some PE at a high price.
I believe we all should oppose, should protest, should write to SEBI.

[bhalothia9]

It is simple, price was deliberately brought down so that Promoters can issue warrants at low price, whoever gets warrants would also get fixed dividends every year, and they would also have rights to convert these warrants into equity shares, so if share price goes up, they will definitely do it. In case if share price goes down, how much down it can go any way, they getting a share at 7.7 Rs. Issuing 34 Cr shares is very surprising, that would dilute our current shareholding further around 40% down, nobody can stop them, all major PE investors have already gone, and now majority of the investors are retail investors who most of time do not even vote.

[bhalothia9]

@Admin Could you please start a discussion on the huge delivery of shares observed in NSE from past few days? If this is ok.

[bhalothia9]

Further dilution of company shares, and to convenience SEBI, lots of trading happened in last few days, is this assumption correct?

[bhalothia9]

@odysee Does it matter is face value is 1, 2 or 10?
The market value of share price is 5.5 and quarterly profit was 2, I believe this information is sufficient for investors to understand if they buy 1 share of BCG, how much value for money they will get. BCG share face value was 10 earlier and Board decided to reduce capital and change face value to 2. I believe it was done to use the capital and invest it?

[bhalothia9]

Would suggest to ignore on what’s said on MMB, you know a lot about company, so can write technical/ research papers or may be analyst report on business BCG is doing.

[bhalothia9]

Compared to brightcom, tradedesk share is less than 1% on Adauth,

[bhalothia9]

Thanks @Admin for starting this forum, it helps for some people like me to understand more about BCG.
And it seems Mr Suresh Ready is also following your twitter handle, he retweeted one of your tweet recently, which suggest he is aware of your this wonderful initiative.

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