[buffet]

@drpram,

I concur with your view. Business is good but the sentiment is artificially maintained negative. There is a tremendous treasure hidden in business, but none of the shareholders including the promoter himself are able to capitalize on it. The irony is good business is in bad hands. Frankly speaking, we don’t have any other option but to wait.

I wish warrants would pass without hiccups. Otherwise, the future remains uncertain. The numerous complaints filed in SCORES against warrants/price manipulation could delay the exchange approval or even reject it.

https://www.business-standard.com/article/markets/sebi-rejects-rs-260-cr-preferential-warrant-issue-by-strides-arcolab-112021800004_1.html

Does anyone know how to check the warrant approval status on the exchange portal?

[buffet]

@vgsatwork

Many other investors also have raised similar complaints on warrant issue. Not sure how these complaints would impact the in principal & final warrant approval timelines from exchanges. Prolonged delay in
warrant approval could impact stock price.

Any possibility of warrant denial from exchanges?

[buffet]

@drjaysee

You are correct. Gs are not fools to simply let it go. They are in the market to make money like us. It’s just their gimmick to trick us. Retailers simply don’t have that much capacity to absorb their 12%+ shares.

With @rathi_b & team’s recent inputs from meeting with SKR, I am very much optimistic. Something better will come out of it. Till then sit tight, wait & watch the game unfolding. That’s the only thing we can do. Best luck to everyone.

[buffet]

g-gang may not have sold completely. They are market makers. They may have redistributed their holding to several individual accounts each holding less than 1 percent. These Zaveri, Goenka & Mehta s may be part of same operator cartel acting in tandem. They are capable of doing anything at will. Live example is in front of us. Stock price deliberately supressed below warrant offering till AGM. It will remain range-bound till approval from exchanges. Afterwards, same cartel will take it to new highs. Blatant manipulation & greed.

Many of us are holding BCG since 2012 & still at loss even after averaging several times. No other script have tested our patience & resolve like BCG. So many opportunities we have missed. I initially moved from tanla to BCG looking at its fundamentals when tanla was trading at 4-5, my biggest blunder & the saga continues. So many lost opportunities.

The game is beyond our reckoning. No point in banging our head against the stone. Let’s see what lies ahead in coming days.

[buffet]

@rathi_b,

In general, how much time exchanges would take to approve the warrants? any timelines e.g. 2 weeks/4 weeks etc? The stock price would be range-bound around ~10 till then I guess.

[buffet]

It seems Goenkas are out of BCG. But who bought it ? Zaveri gang?

[buffet]

latest share holding pattern is out on BSE.

[buffet]

No question/explanation on warrants.. Interesting .. AGM concluded within 30 min. 🙂

[buffet]

Anyone attending AGM? Anybody can attend or only shareholders can attend? Can you please share registration process details?

[buffet]

Just a wild guess, SKR may have brought in this new Zaveri-gang to tackle the other suppressor operator gang. Now, they may be getting a test of their own wrongdoings for 6-7 years.

Whatever is the game plan, it would be beneficial to retailers as long as the price appreciates. We shall simply watch from the sidelines.

[buffet]

Massive 3.2 cr volume with huge upper circuit today … Hopefully 10% circuit will remain intact. Any thoughts?

[buffet]

@rathi_b & team: This is really re-assuring indeed. Thanks for taking efforts to meet SKR. I agree that certain things shall not be discussed in the public domain.

Let’s see what’s coming in Santa’s bag this time. Hopefully, we are about to witness the Bullrun of the lifetime.

[buffet]

@rathi_b & team: Can you please confirm the schedule of the meeting with SKR? Have we received confirmation regarding the same?

[buffet]

I wish some company would take over BCG. May be affle or tradedesk or something similar. SKR is not even doing justice to himself, forget about retailers.

@rathi_b, if possible plz talk about this next week. We can ask if BCG is receiving any take over offers to check on his willingness.

Really feeling exhausted. Can someone put light on below queries.

1. Is there any possibility that these LLPs & individuals to whom PWs issued are proxy companies of SKR?
2. Does these LLPs will have to wait till 18 months before conversion? Can they convert warrants within e.g.3-4 months i.e. by Mar-21.
3.If they don’t convert it till the end, does this mean the price will remain supressed till 18 months?
4. what else could be other possibilities?
5. Can SKR issue buyback offer on warrants similar to stock buyback?

[buffet]

@Rathi_b: Thank you! This time it can’t be business as usual. I hope, something meaningful will come out of it. I pray for mutually beneficial outcome. Just think of how diplomatic SKR is – even after 2-3 meets+endless conf calls, he didn’t even give a hint of what’s coming.

Please do ask, why he didn’t consider the open proposal for warrants? We all could have subscribed as per our capacity. Anyway, he has done the same involving 20-30+ operators/entities. Why did the board favor group of folks/operators? On what criteria?

I can sense it. There is something big coming. Not sure which direction. We all should prepare for it. If the need arises, we shall hire corporate lawyer representing us.

I hope better days ahead & hopefully, our patience will get rewarded handsomely.

[buffet]

@odysee I concur with ur view. @rathi_b, @admin & others located @hyderabad- I humbly request if you could meet SKR & get an explanation. I don’t see any other way. Please help retailers.

The allotment of PW is huge. Nowhere SKR mentioned it’s coming. We all understand issues with BCG. But suddenly out of blue he throws googly at us. Ethical or unethical it’s debatable.

I am sure many would agree with me. It’s no secret – the stock is getting manipulated under his watch. We are literally stuck in this never-ending saga. Every time we have one or the other reason to believe in his reasoning(rather tantrums I would say) Almost he is getting away with everything. There is no savior for us including SEBI even complaint after complaint. [Note: I am invested in BCG since 8 years.]

Does IITs produce such talent who know nothing about business ethics & commitments? Lies after lie. Such is the misery of ours. Endless & it continues. What we as retailers can do? The irony is he is no longer accountable to anyone. Many of us have invested our life savings.

[buffet]

Corporate bodies have heavily subscribed the warrants-as per pre issue shp:12%. Post issue : 37%.

[buffet]

Looks like promoters have not taken any warrants. Post issuance of warrants, their holdings would be diluted from 36% to 22%. Seems genuine intent to me..

[buffet]

@myshport

As communicated earlier, price won’t move untill axis is resolved. This is to prevent the pledged shares liquidation in open market. Same was the case with sbi & canara.

I hope,axis will be resolved soon.

[buffet]

@shivshankar

Office is the same. It’s 3 year old photo.

[Author]

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