[buffet]

Day by day things are getting dirtier. Hats off to SKR. You are truly a wonder. All CEOs should get classes/taining from mr. Suresh Reddy on how to make mess out of nothing.

[buffet]

@j.bedi

SKR is not informing every1 that’s the issue all along. Hyd based investors met SKR several times during Covid times. I think we should be thankful to rathi & team. Atleast we are getting some information on various things going on in the background.

If SKR improves corporate governance & strengthen investor relations, there is no need to meet him personally.

[buffet]

@rathi_b & team

Any updates/acknowledgement received from BCG IR w.r.t. F2F meeting with SKR?

[buffet]

Peshwa being shown as independent director in his linkdin profile.

Hopefully he is with BCG still.

Anyways thr is no use of these puppet directors who don’t have spine to do right things & protect shareholders.

Knowingly they are part of this all along.

[buffet]

It would be better if some promising company like Affle/TTD with good corporate governance could take over BCG. Atleast this long term value erosion/supression will end for good. Otherwise, thr is end to suffering in the horizon. They are not even bothered about informing exchanges regarding possible dividend payout delay. I have never seen such careless management.

Sab andhadhund hey idhar to.

[buffet]

Dear BCGians,

BCG will raise almost 260+ crs through Preferential warrants. Is thr any possibility SKR will use same money to buyback whole retail holding with PW money? SKR and his friends almost holds 80+%. He just needs funds for remaining 20%. Looking at this whole drama, I think it’s very much possible.

Apart from taking over AI/ML firms + increasing promoters holding thr proxy accounts, what could be possible motive for this huge dilution?

I would appreciate if someone could further elaborate the outcomes of PWs.

[buffet]

I am just wondering -looking at these sorry state of affairs will any reputed investor ever invest in BCG? Such tarnished mess SKR has created. Wise CEO could have taken such company in sunrise sector to greater heights.

W.r.t. dividend, even aarthi consultant don’t have any info. We always wanted to resolve all outstanding issues before any dividend payout. Now they can’t pay. Such a shame. Additional fuel to the operators.

I don’t believe bcg can’t pay 2.5 crs. I think just to get through warrant approval they are creating this cash crunch. How many dirty tactics SKR will employ to further his agenda? How many times we have to be patient? Lies after lies to fill their coffins with shares at throwaway price. SKR like person doesn’t deserve to be CEO of public company.Better he should announce buyback of remaining shares and make bcg private entity. Atleast it would end our misery for good.

He and his operator friends almost owns 80% of company. Still his thirst is never ending.

[buffet]

@rathi_b & team: any possibility of meeting SKR again? May be first/second week of February?

[buffet]

@vgsatwork,

Nobody have received dividend. Hopefully we will get by 25th Jan as communicated to exchanges.

[buffet]

I meant that money can be only used for axis settlement & not for other purpose. Axis will let it remain blocked till both parties agree settlement.

[buffet]

Axis has blocked PO money with NCLT order. BCG can’t use that money anywhr. In preferential offer BCG has mentioned Axis setttlement as one of the reason for raising it.

[buffet]

In general thr is 180 days limit for NCLT case closure but they may have received extention because of covid situation. Nevertheless it shouldn’t exceed more than 365 days.

[buffet]

It seems SKR won’t settle any issue(Axis/LOC/Daum) before warrant approval.

[buffet]

When is the next NCLT hearing on 18th or 19th Jan?

[buffet]

Dear @drjaysee,
parent site works with both http(unsecure) & https(secure) protocol which is not good security practise. With http, communication is completely un-encrypted & hence not secure.

Generally, http url should be redirected to the https url as standard practise.

You may want to check with other standard websites like CTS,TCS etc.

[buffet]

The subsidiary website is more comprehensive than the parent. Except Newsroom, IR & contact us, other pages like Global Presence, Team, Clients & Board are not working on the parent site. Not sure if it is my browser issue. But parent website quality needs to be improved.

@raj – It may be in progress. Hopefully, we will see changes soon.

[buffet]

there are two diff websites for BCG ..

1. http://brightcomgroup.com/ – Logo changed but unsecure.
2. https://www.brightcom.com/ – Old logo but secure

[buffet]

Few folks on mc board have mentioned that BSE has approved the warrants. NSE yet to approve. If true, it’s big news & from this moment onwards no looking back.

[buffet]

Did some analysis of warrant approval timelines based on recent approved warrants issued by other companies.

In general BSE takes 2 weeks & NSE takes 3 weeks to approve the warrants.

Reference link-

http://www.equitybulls.com/admin/news2006/news_det.asp?id=280527

[buffet]

@sandyc316

I am also hopeful. Some delay may be because of warrant issue size & it’s due diligence. The reason I mentioned SCORES because in case authorities find merit in any of the complaints then thr could be further delay. Let’s hope it will get approved by Jan end.

[Author]

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