[buffet]

@logan @DH,

PWs have already been allocated. Now what next? One thing to note, all these LLPs subscribed to PWs were formed in August/sept 2014. This seems to be well orchestrated drama. I am just wondering, how thick skinned/cunning Needy is? But, he shall remember, no one escapes karma. He will have his own judgement day.

Looking no light at the end of tunnel. Waiting since 8 years.

Everyday I wish, affle/ tradedesk like company will take over BCG. Looking at credebility of SKR, takeover also seems impossible.

[buffet]

@logan thanks for explaining PW money use in details..I agree that LOC could be game changer and will bring credibility to the numbers.

On SHP, I am still wondering where those 20% shares(Goenkas + priya prakash) went? Who would have acquired it and why it is being hidden under various sections in shp.

@drjaysee were you able to decipher it. I remember your took paid membership to get detailed share holding info.Please share if you have any additional info.

[buffet]

@DH, @Logan
Please share your opinion on recent PW allotment with 25% funds but conversion still pending & recent SHP.

W.r.t. recent SHP, where Goenka’s 15% holdings went? So much secrecy. It’s no secret
G-gang were SKR’s pawns. Not sure who absorbed it & when SKRs greed will end.

[buffet]

@sac sirji

Promoters and gang are crooked.They are capable of finding N number of ways to get around it.Live example is recent dividend distribution. Many folks have not received it yet.. regulators &;SEBI are just mute spectators.. Sad thing is retailers can’t do anything even after N number of complaints..pathetic state of affairs..

For penny things they are missing the bull run of lifetime..Recently Subex started bull run out of nothing..Not sure in which world Needy is living.. their is saying – your word is ur character in business.. Now question is do these guys have any character? Accordingly, we can set our expectations.. Looking at all these happenings in last 8 years I suspect they don’t have any.. pardon my words guys..

[buffet]

The same old story BCG in red even after PW approval, debt-free status. Couldn’t sustain the upper circuit for even a single day.

Now, what next?

Daum closure?
LOC approval?
PW maturity in the next 18 months?

Never-ending saga. Kudos SKR.

[buffet]

Good Newzzz .. In principle approval received … cheers guys

https://www.bseindia.com/corporates/anndet_new.aspx?newsid=bba9016a-a58f-4ba4-ba15-c4a4e97b55d2

[buffet]

@valuebuyer

I think the price will not languish below 10 for another 18 months. Another theory is – 36 cr PW needs 270 cr for full conversion. 25% paid at the time of allocation i.e around 65cr. After PW approval & share allotment to 59 allottees, they can’t sell these shares for 6 months. During these 6 months, the price will appreciate to 100+. Out of 36cr new shares allocated, approximately 10-15% i.e. 5-6 cr shares will be offloaded @ 100+ which will generate 500+ cr cash. It will fund the buyback from the PW allottees in an off-market under-table deal with mere book entries.

[buffet]

@raj:

Discontinuing BCG forum. I won’t be supporting this… it’s up to the individual investor to make a buy/sell decision…No one has forced any1. Collectively we stand some chance otherwise individually we stand defeated.

There are N number of forums e.g. MC. Would you advise to discontinue moneycontrol as well to shut down because many investors are buying/selling based on recommendations/comments from fellow boarders.

Having said that, it’s the individual choice if any1 wants to be associated with the BCG forum or leave it. Doors are open both ways.

[buffet]

Today, I have sent an email to the BCG IR about the pref warrant approval status. I request everyone to do the same. Let’s hope at least for some emails we will get a response.

Can anyone please confirm BCG CS & compliance officer Mr. Manohar Mollama’s email ID?

If IR doesn’t respond, we shall escalate to him.

[buffet]

@rathi_b Is SKR ready to meet or team will walk-in directly? Did anyone receive any communication from BCG IR in this regard?

[buffet]

@anirudhreddy @DH @Logan @mayur @rathi_b

If things don’t work out as expected, I think we shall take legal advice/action as well. We will contribute towards lawyer fees if the need arises. This can’t go on forever. Enough of these dirty games. Let’s be ready with all options & take a collective decision.

[buffet]

Hello BCGians,

Will bcg sustain this rally? Any thoughts? Still no word on pref warrants approval. Coming week is crucial for BCG. Axis saga will be done and dusted officially. Now, PW approval seems major obstacle. Hoping for positive outcome & massive re-rating. I wish all the retailers would make tons of money.

Best of luck!

[buffet]

The rally would be real if it crosses 52wk high i.e. 13. Cautiously optimistic!! I think they have already received the PW approval/confirmation from exchanges. Otherwise, jockeys wouldn’t have allowed this rally. Hope BCG crosses barriers in flying colors.

[buffet]

NCLT order is out. 10th March finalized for reporting final settlement.

Cheers!

[buffet]

@drjaysee: Since it’s a public document, I think, it can be shared with every1. It’s like RTI. In the meantime can you please share your analysis of SHP from MCA? Anything weird found ?

[buffet]

Allocating PW to 59 investors is totally unreasonable. Have any1 of us seen this BS in any other well managed company? Atleast I have not seen. Just imagining, how long NSE would take to validate 59 folks? Complete chaos.

Really, we don’t know how long these things would go on.

[buffet]

@Logan & others

Very well articulated questions. I don’t think conf call will be more than 60 min. Hence we shall prioritize the critical questions so that at least essential questions related to PW & its status, Axis, Daum, Dividend, etc. would get answered.

[on a lighter note] Looking at all these questions, I hope our beloved CEO wouldn’t cancel the conf call. (laugh)

[buffet]

Sure @Logan!

Let’s all send an email to IR requesting to increase the con-call to 60 min atleast. I am sending it right away. Others please do the needful.

[buffet]

BCGians,

Let’s consolidate all queries to SKR & share it across before conf call.

@admin can you please help?

Also, someone should ask tough questions to SKR. @Logan/@DH can you please help.

[buffet]

@hw_tw
It seems this time also he fooled every1 including exchanges. Informed exchanges something different than the press release. Hats off. Pure manipulation. IITian is making good use of the brain. But sadly he is making more fool of himself.

[Author]

Posts