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drjayseeRegistered Boarder
Dear Friends,
Please find attached BCG – business Overview and latest developments which have been compiled from the discussions/inputs by the experts at brightcominvestors.com & BSE. This may be useful for some of the long-term & new investors. I am proud to inform you all that I have gained huge knowledge from this document which helped me a lot to accumulate a significant qty of BCG since last year July 2020. Special thanks to all experts who have contributed their valuable technical expertise.
drjayseeRegistered BoarderDear Friends,
Below is the link for Digital Ad Tech Business – overview. This may be useful for some of the investors to understand about the business in general but nothing specific about BCG. Pls ignore if this looks not important…
drjayseeRegistered BoarderDear Friends,
Good to see a series of developmental news. This is a great surprise to all of us since we didn’t expect this LoI for the acquisition at this early stage but BCG did it. Let’s control our emotions until everything gets materialized. Whatever the scenario, there is no look back hereafter and nobody can stop BCG’s journey now. Definitely, it will hit 100 before QIP (after the Bonus issue). Let’s watch the situation and developments closely. Pls, find attached my gratitude message which I have posted on the BCG Telegram Channel couple of days back as part of my sincere respect. Really I have gained a lot of Knowledge and technicals about BCG through this platform. I am proud to be a BCGian and part of this professional Forum with you all. Thank you.
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drjayseeRegistered BoarderDear Friends,
So, it’s very clear that Miami based “Digital Audio” acquisition is going to happen soon (may be before the webinar on 23rd). Since “Mr Cohen” based in US who has vast experience of more than 18 years with BCG may handle the business. It’s a great developmental news. What an amazing back-to-back media release by BCG. Congratulations & good luck to all BCGians. Let’s forget about all past negative thoughts and almost everything came to an end to pave the way to show BCG’s real value (BCG may approach the first target of it’s BV soon). LOC will be the next outcome which may also happen soon….
I personally thank @Logan, @admin and many other long term highly knowledgeable members who have shared your insights on BCG from which I have gained a lot of insights and ultimately managed to buy significant qnty since one year. Many thanks again to all the members and Congratulations for the forthcoming nonstop mela 🙏👍👌🌺🍰🍰🍰…
drjayseeRegistered BoarderDear @jay69, I agree with you but if we check the so called companies those are doing good with 26-30% holding are also having huge FII / DII holdings. If there is no FII/DII holdings then ultimately the promoter should keep more % of holdings with them. Whereas in BCG it’s 38:62 ratio now which is little risky. Apart from that I don’t think the pledge is only from Axis (32% of pledge for only 36Crs Axis Debt) and even the CEO didn’t explain well during last conference call about the pledge when one of the investor raised the question. May be during forthcoming conference call we will come to know the reality including the revoke % of pledge. Let’s hope for the best to happen in the coming days. Thank you
drjayseeRegistered BoarderDear Friends, so far we were thinking that Debt of Axis & PW approval was the main constraint for price suppression. But now considering the current scenario, personally I feel that the main concern for the suppressed price is due to the pledge and less promoter holding (either it should be above 70% or Nil holding would be better). Many company prices have rallied too high even though they have almost half of the debt of its total assets, but pledge is Nil & the promoter /FII/DII holdings are higher. Hence, it would be great if the BCG management will take some action to remove its pledge totally & increase their holdings by utilizing the recently mobilized PW funds of 260Crs (Hopefully it should have been 100% remittance upfront). I hope the management also knows about it very well, but we don’t know their exact Road Map for their forthcoming activities. Anyhow, we have to have some more patience until we get clear picture from BCG which may happen at least before this quarter Conference Call. We proposes…but…BCG disposes!!!!!!!!!!!
drjayseeRegistered BoarderDear Friends, I had gone through MCA website for the latest SHP of BCG. But until now there is no update and still only last year March 2020 SHP is available. May be it will take some more time to get the update from BCG to MCA. Apart from that I have noticed that BCG has the Authorised Share capital of 97.5Crs in which so far they have utilized 83.84Crs (50.66Cr of current + 33.1485 Cr of latest PW). Hence, BCG can utilise / issue around 13.6Cr more shares in the form of further PA / QIP (which is not good for further dilution but may be good to strengthen the company).
drjayseeRegistered BoarderDear @buffet (#11615), I am waiting for the latest SHP to be uploaded at MCA website and let you know the detailed split-ups/distribution soon. Thank you.
drjayseeRegistered BoarderDear @Admin / senior Experts and all members,
Many thanks for maintaining the wonderful Technical Forum. I would admit straight away that “only because of the input / expert advice” gained from this forum & little-bit due diligence from my side about the company, I have managed to accumulate more than a million qnty of shares since July 2020. Please accept my sincere thanks to everyone who have have shared a valuable information (Technical & Non-technicals) about BCG. My investment duration will be for 2-3 years and down the line we may see lot of unprecedented events & I am very well prepared for the same. Congratulations and Best wishes to all BCGians including the Promoter(s). Thank you again.
drjayseeRegistered BoarderDear @sandyc316,
Regarding Morepen PW, I guess there could be some conflict with the allocation of huge qnty (13.35Crs) to single entity “Liquid Holdings Private Limited” whereas other 10 entities are sharing only 3.5Crs. I presume, Morepen would have received some feedback from Exchange to remove the Sl.No 11 or could be the reason as you mentioned.
Regarding general PW approval process, I have tried to look at any previous Approval order by Exchange to any of the company. So far I did not find any PW approval letter/order by exchange to company but I have seen company’s Board of Directors approval of PW to Exchange. I am not sure whether Exchange approval needs to be disclosed to public or no? I think this may be an internal communication between Exchange and relevant company about any feedback / Approval / rejection of PW, hence we (the shareholders) need not worry about exchange approval. (For example, the Morepen Lab shareholders did not know about anything on the existing PW of 11 allottee of about 16.85Crs PW and now Morepen Board have approved PW for only 10 allottee of about 3.5Crs PW & sent to Exchange). That means, Company’s Board of Director & shareholders approval for PW is more vital which has been done in BCG case and sent to Exchange on 28 Dec 2020. After that we don’t know anything about the feedback / Approval/rejection of PW from Exchange to BCG since its internal communication. Hopefully, everything should be fine with BCG’s PW approval otherwise BCG have to repeat the entire process again like Morepen Lab which is an tedious time consuming process. Fingers crossed.
3+drjayseeRegistered BoarderDear sandyc316 (#11424), my apologies. It was by mistake. However, the initial PW of Morepen Lab for 11 Allottee for 16.85 Crs PW @rs25 (Pls refer the attached dated 13 Oct 2020). Whereas, the recent approval (as per your link) for only 10 Allottee of 3.5Crs PW@rs25 (they have removed 1 Allottee – Liquid Holdings Private Limited 13,35,00,000) ..that means there may be a chance of rejection of the previous one and latest one for 3.5 crores has been approved by Board of Directors and sent to Exchange. This process of 34Crs approval by Board of Directors of BCG has been done on 28 Dec 2020. Now we should come to know about the outcome of that 34Crs PW approval from Exchange. But, so far I didn’t see any PW approval / rejection letter /order by exchange to any companies. May be this is not mandatory to disclose to the public and only internal communication between Exchange and Firm. Until now we have no idea about the status (Either BCG received any feedback / approval / rejection from exchange).
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drjayseeRegistered BoarderDear Srd.rdx (#11414), I had gone through Morepen Lab Board of Directors Approval letter to Exchange dated today 25.03.2021. But I don’t think this is the approval from Exchange. This process have already been done by BCG dated 28 Dec 2020 and this letter exactly identical as today’s Morpen Lab Board of Directors Approval intimation to Exchange. Personally, I haven’t seen any PW approval letter by Exchange to any companies so far including recent Ducon Infratech. Pls refer the attached PW approval letters by the company to exchange (Board of Directors Approval letters of BCG dated 28 Dec 2020, Ducon; Morepen to Exchange. Please correct me if I am wrong or appreciate your suggestion / input in this regard (for me it looks all three are in same stage now).
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drjayseeRegistered BoarderDear Friends, please find attached article from ET as shared from other “ BCG Telegram” GROUP. It’s an very good news and also good initiative.
Let’s wait and watch the situation.Attachments:
drjayseeRegistered BoarderDear @jay69, thank you very much for your reply.
I believe, as per SEBI guidelines, PW shall be completed in 3 months. That means, PW should be approved max by 27th March 2021 (communication about AGM outcome from BCG to SEBI was sent on 28 Dec 2020).
Hopefully, things will change positively once PW approved. Meanwhile by next week, we may come to know about Axis final settlement / NOC/ NCLT final order.
drjayseeRegistered BoarderDear Friends, Greetings.
Kindly go through the below link regarding preferential warrant guidelines by SEBI.
https://www.sebi.gov.in/guide/guide200013.html
From the above guidelines, I would be great if anybody could elaborate the below points.
———-++++++++——————13.4 Currency of shareholders resolutions
13.4.1 (a) Allotment pursuant to any resolution passed at a meeting of shareholders of a Company granting consent for preferential issues of any financial instrument, shall be completed within a period of three months from the date of passing of the resolution.
(b) If allotment of instruments and dispatch of certificates is not completed within three months from the date of such resolution, a fresh consent of the shareholders shall be obtained and the relevant date referred to in explanation (a) in paragraph 13.1.1.1 above will relate to the new resolution.
——-++++++
Besides, appreciate if anybody could share any of the past PW approval letter (of any firm) by SEBI since I couldn’t find such kind of SEBI approval letter (this is just to cross check the time taken for PW approval by SEBI).Thank you.
3+drjayseeRegistered BoarderDear @Sandyc316, sorry I couldn’t find any document related to approval of PW at MCA website as well. The rally may be due to internal leak of news or any other further development at the company. This may be the indication for BCGians for the price movement as soon as we come to know about BCG’s PW approval. Even after Axis closure (official press release by BCG promoter), the share price has declined today (Luckily 5% LC) that means PW approval is vital for the rally. Still many of our long tern investors are not positive due to their prior bitter experience with BCG management which is obvious but hopefully it should happen before March 2021 this time.
6+drjayseeRegistered BoarderdrjayseeRegistered BoarderDear @DH, many thanks for your post #11206.
Personally I believe that the management already got the PW approval and that’s why they have declared the press release during late night today before the NCLT day. They know very well that after declaring the positive news of Debt Free, no one could control /suppress the share price below 8 levels which will directly affect PW approval. Hence, may be after NCLT hearing tomorrow or day after we will come to know about Axis settlement NOC order as well as PW approval news.
@Admin, please accept my sincere thanks for your continued support and excellent coordination (despite of difference of opinions / conflicts / healthy debates from many of our Investor friends during many times).I have started my journey with BCG recently (without knowing anything about the business) but I have managed to accumulate significant qnty of BCG only because of the technical expertise provided by our highly knowledgeable BCG Forum experts/investors/Hyderabad Team and all. I am proud to be part of BCG Investor Forum and happy to see many more forthcoming milestones in the comings days/years.
Once again my sincere thanks and respect to everyone at BCG Investor Forum and congratulations to all. Let’s all be positive and hope for the best days ahead.
drjayseeRegistered BoarderDear @Logan, (#11192), Thank you & totally I agree with you. That’s why I didn’t want to proceed further in this regard in sharing any Govt protected MAC Doc at the BCG Forum to protect all our interest of the positive movement of BCG.
@Dr Mayur, thank you very much for your insights and hopefully things will be in track soon (within this week) as you mentioned.drjayseeRegistered BoarderDear @buffet, after a detailed lookup, honestly, I didn’t find anything wrong on the SHP if we match with their pledge shares. Hence, I feel that it’s an unnecessary panic and also unnecessary discussion at this point in time. Regarding MCA doc, yes, its under RTI but we shouldn’t give not even 1% opportunity to “Down BCG Forum Website” by sharing the Doc now at the public Forum. However, I am finding a way to share the same personally to interested individuals and if you have any method pls let me know. Moreover, this doc may be useful to check / match our own holdings. Thanks.
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