[buffet]

@everyone: As SEBI has barred SKR from taking key managerial positions in any org, does this mean he has to resign as CEO of BCG? Or can he still remain CEO ?

I wish someone would take over BCG. Since ED has raided BCG offices/residences, Suresh Reddy & team might end up in jail. SEBI should appoint a director to the board & new clean face as CEO. That is the only way forward it seems.

Forging bank statements? OMG. Very sic & childish …and that too from IIT grad. Not sure on which la la land SKR is living in this digitized world.

May god give us strength to sail through this difficult time.

[buffet]

@akkithegrt:

Takeover? Do you think Suresh Reddy will leave BCG like that? This thick-skinned guy will make sure every1 will suffer and exit in the loss.

Kya se kya hogaya! Really feeling very sad for all of us. We can simply pray for better days.

[buffet]

As suggested by @radhuoptimist, it’s high time to create an association & further evaluate the legal options. SKR is not going to take any action unless legally challenged. At least 1000 investors out of 4 lac can come together and file a case in the supreme court against BCG management or bring the motion to oust SKR. Never imagined such a flop show. There is only one culprit & he should be made accountable.

I am worried like Sansar/oak, FPI/Shankar Sharma would sell at loss. Both have 27-30cr shares.

Also if BCG gets out of small-cap/BSE 500 indexes, additional 8 cr+ shares would come to the open market.

God save us all.

[buffet]

@logan and fellow investors

I support association formation & ready to contribute financially as well.

[buffet]

@Rathi_b & team: thanks for meeting SKR. Can you please clarify w.r.t. below issues.

1. Any discussion w.r.t. buyback? Isn’t this right time ? When mgt is going to execute it? If price further falls, BCG may get out of indexes.
2. ESOP. Almost 2 years since trust creation. But haven’t bought any shares till now.
3. Price manipulation by operators. How SKR is planning to deal with the same?
4. SHP issue. When and how many shares promoters will get back if any.
5. Any hint on increasing promoter shareholding from open market ?
6. Preferential LLPs are selling in open market and their day trading activities. Earlier he told that LLP shares would never come to open market. On the contrary they are day trading now.
7. Lock in period ending for Shankar sharma & FIIs. Any discussion w.r.t. the same?
8. How long stock will underperform even though business is flourishing?

Every1 would highly appreciate your response.

[buffet]

@rathi_b & team: Can you please meet SKR again? 1-2 months back you met with SKR & felt confident about the same. if possible please elaborate further? Now, market cap is below 5K cr. I am afraid, BCG will come out of indices which will lead to a further exodus of ETFs/institutions.

Also, did he give any hint on ESOP deployment? It’s almost 2 years since ESOP trust formulation. FPI/Shankar Sharma’s lock-in ending shortly. Still, SKR is not waking up.

No end to our suffering.

[buffet]

@rathi_b and team: you guys have met SKR. I humbly request you-Please share summary of the same w.r.t.on going issues(SHP,FA,Daum,Audio acq, increased operator activities etc).

Things are not going so gr8 for brightcom. I understand that all minute details can’t be disclosed. But you can share fewer/vague details for every1s benefits.

[buffet]

Promoters NSDL demat accounts have been frozen.

https://nsdl.co.in/nsdlnews/accounts-frozen.php

Not sure if it’s related to SHP saga.

@rathi_b please include this in ur list.

[buffet]

@rathi_b thanks for taking this initiative. Below are few queries from my side. Please do get clarifications on promoters’ holding.

1. As per latest SHP, pledge is 4.63%. Once pledge is released, any chance of those 18% lost/transfered shares to lenders would come back to promoters?
2. Do lenders still have those shares with them? If yes then how much ?
3. Have lenders sold those shares partially or fully? What’s the quantity/percentage? If lenders still hold those shares, why can’t we see lender’s name in SHP? Ideally, an entity holding more than 1% shall be shown in SHP.
4. As per response to one of SCORE complaints, there was an agreement in place between lender & promoters that voting rights would remain with promoters for pledged shares. Please clarify this in detail.

[buffet]

@rathi_b & team: Any discussion happened around pledged shares with SKR?

@logan/@conservative_indian/@headstead
As per the latest SHP, the pledge % is showing 4.73% i.e. 90 lacs from 19 cr shares. Does this mean that once SKR unpledge the remaining 4.73%(90 lac) shares, all 19 cr shares will move back to the promoter’s Demat account? Is it possible, that lenders would not return those shares or have already sold them to recover the debt?

[buffet]

As per forensic audit disclosure rule given in below article, it is mandated to disclose initiation of forensic audit. But BCG need not disclose the final forensic audit report as audit is being initiated by SEBI (the regulator). Here is snippet from article.

“However, companies need not disclose the final report where the forensic audit has been initiated by the regulator or the enforcement agencies.”

https://www.thehindubusinessline.com/markets/stock-markets/sebi-diktat-on-mandatory-disclosure-of-forensic-audit-is-good-in-intent-but-needs-fine-tuning/article32843861.ece

Nevertheless, investor community would be more than happy if final audit report with management comment is made available to clear the investor doubts.

[buffet]

Dear @Logan !

Very well articulated.. As always, your views are thought provoking. You may want to start paid services. Thousands would happily subscribe to.

We have all seen many ups & downs. I must say this, you have played captains role to hold all retailers together. Over last 10 years, I have accumulated substantial BCG shares. Finally moment of reckoning is in the horizon. May be many of us would be in top 200 investors.

As CI has correctly stated, BCG has potential to uplift many of us to upper middle class. I am foreseeing this happening in next 1-2 years. Good luck to every1.

Thank you!

[buffet]

Brightcom’s proposed acquisition news in Economictimes

https://m.economictimes.com/tech/tech-bytes/brightcom-signs-loi-to-acquire-large-digital-services-firm/articleshow/84234908.cms

[buffet]

dear @sac, In this case, dilution should be seen positively since new acquisition will increase both the top line & bottom line. The book value would also increase proportionately. The question is at what price dilution would happen. The notice says “Preferential Issue of equity shares”. Hence after allocation, BCG will get the full amount & not like PWs(25% upfront & rest upon conversion) Also, we are unsure about the total deal size and how much capital they have in hand from Pref shares & PWs. Let’s wait till the BoD meeting outcome to dissect further.

[buffet]

June-21 Shareholding pattern analysis.
• QoQ Promoter pledge reduced from 31.91 to 18.74: Big plus.
• QoQ Promoter holding remained intact 36.76. No dilution or increase was observed as per March-21 & Jun-21 SHP.
• QoQ number of shareholders increased from 65,046 to 77,621.
• QoQ Individual share capital in excess of Rs. 2 Lacs increased from 529 to 538. But overall holding reduced marginally from 23.94% to 23.84%
• Praveen Khurana increased holdings marginally from 1.26 to 1.28%.
• Anil Kumar marginally reduced holding from 1.55 to 1.34%.
• Geeta Patheja sold or reduced holding below 1%.
• QoQ Other shareholders increased from 1200 to 1445. Overall other shareholdings marginally reduced 19.66 to 19.60.
• NRI shareholding increased marginally from 9.42 to 9.46%. The number of NRI shareholders increased from 806 to 891.
• No of Corporate bodies increased from 270 to 327. Overall holding reduced marginally from 4.75 to 4.26%. Reduced 0.5% maybe with clearing members. So overall it will remain same.
• No. of Overseas corporate bodies increased from 1 to 3. Overall holding remained intact to 4.69%. May be internal reshuffle.
• Muskaan holding intact 4.69%.
• QoQ Clearing members holding increased from 0.62 to 1.01%. No. of SH increased from 116 to 217.

[buffet]

@admin ji: Yes, BCG is finally taking the Indian market seriously. I see several advantages of acquiring an Indian company.

1. BCG’s standalone business will get a very big boost. It will increase both topline & bottom-line on a standalone+consolidated basis.
2. It will bring lots of credibility to its finances.
3. The share price will boost to unimaginable levels & hence market capitalization.
4. In terms of valuations, decent PE will be achieved. Further, it will create a strong base for NASDAQ listing.

Overall, fireworks have just started. Let’s take a back seat & enjoy the spectacular view.

[buffet]

@admin, @logan, @dh, @headstead @mayur @drjaysee your comments are awaited on recent developments. Hopefully we will personally meet sometime & will have big bash.. Lets cherish this moment..

it’s been true, we just need one winner stock to make the fortune.. let’s hold it long ..

[buffet]

@admin special thanks to u for bringing all of us together.. really thank u for maintaining this forum..this forum was beacon in dark days…

[buffet]

Congratulations every1 ..rally has just started..long way to go..whole credit goes to @logan/@dh/@headstead/aiindia u.. u r the gem of all..god bless u all..

[buffet]

@palash:

Can you please let us know From where did you get this?
1. In the latest Mar-2021 SHP, Goenkas/Priya Prakash/Uno/AKG holdings were not shown. I believe they were out in Nov/Dec-2020.
2. Do insiders mean the promoter group?
3. After PW/PO allotment, the promoter holdings should come below 25%. Can you please provide a detailed list of promoter holdings?
4. On moneycontrol & BSE, the promoter holdings are shown as 36.76%
5. Is SHP you shared realtime?

[Author]

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