[drjaysee]

Dear @drpram, with reference to your post #10640, Many thanks for the update.

I have not yet received the dividend. I am using HDFC NRE account through HDFC Securities. I presume that the management is using the local personal accounts (not the corporate account) for the distribution of Dividends. If this this scenario then they can’t transfer the dividend to the NRI shareholders from Local account to NRE accounts (conflict of repatriation / fund transfer protocol).

Dear NRI shareholders, kindly update the status of the receipt of Dividend if you have already received.

Hopefully, tomorrow will be the final hearing for Axis Settlement if SKR is really serious for the amicable settlement and willing to concentrate on BCG growth in forthcoming days (NCLT Cause List -Pls refer attachment – Sl.No 29). Fingers crossed and lets keep a hope on SKR & the entire BCG Management.

Dear @Admin,

Many thanks for posting my older post #10597 and somehow it didn’t displayed earlier. Thank you.

Attachments:

1. NCLT_Hyderabad-Bench_Cause-List-CH-I-10.02.2021.pdf

[drjaysee]

Dear @vgsatwork, with reference to your #10560, I would like to highlight some of the points below.
1.It seems, the dividend used to be paid through different modes such as National Electronic Clearing Services (NECS) / National Automated Clearing House (NACH) /National Electronic Fund Transfer (NEFT) / Direct Credit (DC) / Real Time Gross Settlement (RTGS).
2.But the credit advice intimation will be sent to us after 2-3 weeks of the credit of the dividend. (Pls refer your attachment: intimation date and Credit Date)
3. Yes, you are right that “in the description” it should be mentioned from ????(I have checked & attached some of my previous Dividend Credit notes in which, I could see the description of the credit whatever the mode either NACH/NEFT/Direct) whereas in BCG, you have missed that description which is strange.
Besides, I have seen some of the messages from our friends stating that the dividend has been made to some of the selected groups and individuals “which is totally wrong”. I am holding significant qnty of BCG and sent an official Complaint to BCG & received a personal whatsapp reply from the Top BCG management within 24 hrs (recent conflicts & doubts during our discussion at our forum 3 days back) but until now me too didn’t receive the dividend and also I believe many of our forum members (who have sent the complaint to BCG & including some of our Hyderabad Team) didn’t receive the dividend. That means the problem is lying somewhere else (may be due to different banks etc.) and we may come to know when we receive the credit advice intimation email after some days (mode of payment).
Let’s be united and push the Management (in any form either personal contacts/Official Indian & Overseas Government levels & of course I believe that I did my part very well recently for the benefit of our entire BCG investors not only for me and also I will keep follow-up/push BCG management through my channel of communication ) to act accordingly in an appropriate way for the best outcome of the BCG’s potential in the coming days. I don’t think there is a need to doubt or pointing each other in this matter instead we will try our best to find out the solution to solve the issue and respect the genuine people those who are really giving enormous Technical /physical support to our forum including Admin & entire Hyderabad Team. I am a genuine investor with BCG since July 2020 and if somebody still have any genuine doubt on my credentials, please feel free to contact me (my current user id@gmail.com). Let’s all look forward for the bright future of BCG. Have a great week ahead. Thank you all.

Attachments:

1. Dividend_Details.pdf

[drjaysee]

Dear @Raj and All BCG Friends,

I believe something went wrong internally in the process of disbursement of the dividend. In general, it shouldn’t be like this in distributing the dividend to 50K shareholders in phased manner. I believe many of our friends would have received an email from BCG IR regarding the dividend credit.

Yesterday evening, I have received an official email reply (Pls see the attached and I trust this time many of us will trust that this is “genuine”) from BCG IR for my complaint through email on 2nd Feb (in addition to the private reply/WhatsApp message on 3rd Feb from BCG Top Management). But still I didn’t receive the dividend and again I have sent an email to BCG IR last night for the non-credit of dividend.

I would suggest everybody to send an email complaint to BCG IR and wait for their reply. I know very well that we all will get our dividend maximum by this week but this is not a professional way of running a MNC and also it’s clearly indicates their lack of corporate governance as discussed by many of us in this forum. I am in the process of further follow-up with BCG management in this regard. Experts/long term investors, please share your views / advices to move forward.

Thank you all.

Attachments:

1. 

   BCG-IR_Reply.jpg
   

[drjaysee]

Dear BCG Invest Forum Friends, I have not yet received the dividend and my Account with HDFC Bank under HDFC Securities. Kindly let me know if anybody received the Dividend under NRE Account?. Thank you.

[drjaysee]

Dear @DH and @Logan, thanks for sharing your extensive insights on BCG. Appreciate if you could clarify the following;
1. The BCG price levels have been kept between 4.9 – 5.25 for almost more than 3 months & the conclusion was introduction of PW @Rs7.7 level.
2. Currently the price is controlled between 6.9 – 7.25 for almost more than a month (went to 9.8 and back to 7) by the so called ??? and what could be the outcome of this exercise?
3. Is it posible for the promoter to hide or not to disclose the positive development on the outstanding issues at this point in time to fulfill their pending quantities (let’s assume that it has already happened such as approval of LOC or Axis closure etc) and also not to release the dividend on time on purpose to create panic / frustrations amongst the retailers?
4. Really the management is lacking in Corporate Governance (not giving proper information to the shareholders for the purpose of issuance of PW / inappropriate replies to the individuals for their complaints through Phone calls/private messages etc) or they are pretending like this on purpose to take control on the holdings through proxies?
Looking forward to hear from you both and other experts. Thank you.

[drjaysee]

Dear All, BCG’s circuit revised to 10% from tomorrow. Let’s wait for the rally in connection with today’s Board meeting announcement. Experts, pls share your views. Thank you.

[drjaysee]

Dear @Logan, Sorry, I have already deleted my message and I didn’t expect this kind of negative impact from my “shared message” and really don’t want to spoil/liquidate/deviate the genuine technical & in-depth discussions at this professional forum. I have great respect to one and all who have present in this forum and want to continue enjoy by reading all expert’s insights about BCG. Anticipating the bright show of BCG’s real potential in the coming days which may not too far from now…Thank you

[drjaysee]

Dear @ Logan and all, Totally I agree with you (but I thought that it would have been much helpful to judge the happenings at BCG internally). My sincere apologies & interruption and let me delete my message & deal BCG legally through proper channel of Min of Foreign & Min of Corporate Affairs for any kind of further follow-up considering the risk & volume of my investment. Let’s continue to be united and focus on the development /technical as usual. Thank you all.

[drjaysee]

Dear @explorer, Yes, I agree with you and this may be a mistake from my side that I have not posted the “evidence” of private WhatsApp chat (didn’t expect) & actually I was expecting the appropriate reply through email for my complaint (for future legal procedure if needed for my reference). Regarding your query of “I’m sure many others in the forum also have written. Why only you?” – It’s my guess that “the email which I have sent” was through proper channel of “Ministry of Foreign Affairs” since I am currently working with Overseas Govt & living outside the country. Lets focus on the technical & other corporate Governance issues instead of debating. Please ignore my message if you feel that its inappropriate & pave the way for manipulation then I kindly request @Admin to delete my message from the board. Thank you.

[drjaysee]

Dear @explorer, kindly may I know the meaning of your message here?. I know very well that his reply of “dividend account setup” is not appropriate & he don’t want to disclose the internal development or damage but I have clearly mentioned in my email as well as during my chat with him that “official information/justification” should be given to all shareholders either through press conference from BCG or update on the exchange. Let’s wait for their action in this regard and I have clearly mentioned that I may intend to initiate legal procedure against BCG if they failed to do that. Hence, now it’s purely our decision by individual to stay with patience or react. Besides, I believe that at one point in time we should trust each other within our BCG Investor Forum members and travel together with unite & patience to find out the appropriate way for the best outcome. Thanks.

[drjaysee]

Dear Admin and all BCG Friends, Yesterday night I have sent an email to BCG IR (brief of my email is as follows);

Dear Brightcom Group IR Team,

Greetings from XXXX and currently holding XXXXXXX quantities of BCG.

My Credentials are as follows:

Name: XXXX

DP ID: XXXXX

With reference to your Dec 2020 Annual Report point no 7, Page 9.

“7. The Company has fixed Monday, December 21, 2020 as the ‘Record Date’ for determining entitlement of members to receive final dividend for the financial year ended March 31, 2020, if the same is approved at the AGM. Payment of Final Dividend, as approved, shall be subjected to deduction of tax at source, and the net dividend, will be paid to eligible shareholders on or before January 25, 2021”.

Until now, the dividend is not yet credited and also there was no intimation / justification given by BCG Management which is legally not acceptable and it may destroy the reputation & potential of BCG.

Kindly either update your Dec 2020 Annual Report with revised Dividend date & update at BSE Website or any kind of official press release from BCG in this regard would be highly appreciated.

Looking forward to hear from you before I take any kind of legal procedure.

Thank you very much for your understanding.

Best Regards,
Name: XXXXXX
Mobile: XXXXXXX

—-
I have received a reply from the management through “whatsApp message” (I don’t think its appropriate to disclose the identity of a personnel at the open forum).
Good morning Mr XXXX
I saw you email. Wanted to chat.
There was a hiccup in the dividend account setup due unforeseen circumstances. We are working diligently to set that right sir.
Just a few days all should be well.
We are unhappy that it upset a lot of shareholders as well.
I wanted to personally reach out to you.
Hence the ping…
—-

Even though the reply was not satisfactory with regards to “dividend account setup” but I would conclude from his reply that something good may happen soon and almost all the outstanding issues are in the final stage (or already sorted out / they have got some of the approval and just waiting for the PW approval from exchange).

Now we may indirectly guess & link this reply with Hyderabad Team’s (Special thanks to Rathi_b & Team) reply and stay with full hope & trust. Personally I believe that it’s a matter of time and BCG should show its real value soon if the promoter is really serious on their business. I am 100% positive on BCG’s potential & growth path in the forthcoming days which is not too far (any time we may expect the unexpected). Best wishes & Thank you all.

[drjaysee]

Dear @Rathi_b, thank you very much for you and the entire Hyderabad Team for your continued follow-up and tireless efforts in meeting the CEO. However, I agree with DH’s views and being a public limited company, it’s mandatory to publish all information which are related to the company including retail investor meeting. The appropriate way is to prepare a Minutes of Meeting with the identity of members present and publish at the BSE site like other firms do for Investor meet. I don’t think the CEO has discussed / disclosed any confidential information with the retail investors (closed group of members) and also its better to maintain transparency to avoid any conflict of interest among other investors. Hence, do not take it anything “personal” and let’s continue to fight against the unethical behavior of the culprits who have involved with BCG. Again, my / all our sincere thanks & respect for all your previous / forthcoming initiatives. Let’s all be unite and continue to focus on our objective to showcase BCG’s real value and potential on the share price. Thank you

[drjaysee]

Dear @Logan /BCG Experts / Long Term Investors, Please find attached Comparative statements of BCG with its peers (I am sure that this is not appropriate to compare BCG with the mentioned companies but more or less similar AdTech/Digital/Internet/online business etc. & also pls add the appropriate missing companies on the Excel sheet for future discussions). By looking at the numbers, the main problem lies with Pledging (31.9%) and Dilution of equity (50.8Crs + 34Crs PW). Is there any possibility that the management will release its Pledging (Experts – you may please indicate the exact current pledge value of 31.9%) and minimize the dilution of shares through buyback from retailers by using the PW funds of 262Crs? Also, is there any possibility of absorbing the entire 34Cr PW shares by any VC/FII in the future after 18 months or before (may be as per the internal agreement by BCG??). Your technical and speculative views are highly appreciated please and lets try to come with some tentative conclusion before we hear any positive development news from BCG Management. Thank you all for your continued valuable inputs, time and healthy discussions at BCG-IF.

Attachments:

1. BCG-Peer-Comparisons.xlsx

[drjaysee]

Dear @Raj, You are right. I believe that “Calm before Storm” and this time most probably it will be a positive storm and still I have great hope on the promoter. BCG is SKR’s baby and he will not let the baby will die. SKR knows very well about the impact of “delay/non-payment” of dividend & already the reputation of BCG is severely damaged but the entire management is quite means some great positive news will come soon which may evade all previous negative things. Even, if we notice the current stock price movement & quantities of buying & selling, its very well known fact that BCG is under the control of either Promoter or their associated groups. Its better not to be tempted / rush to sell at this point in time of a throw away price instead, keep some cash to accumulate more between 5-5.5 levels if we are lucky (it may test if the approval of PW is delayed) . Maximum before 10 Feb 2021 something should happen and I believe this should be the final hearing for AXIS settlement . Its just testing our patience and in-fact its very difficult to control our emotions. Lets all stay calm and positive until then. Experts /long term investors, please share your views.

[drjaysee]

Dear Friends, the below analysis may be useful.

https://simplywall.st/stocks/in/media/nse-bcg/brightcom-group-shares/news/are-brightcom-groups-nsebcg-statutory-earnings-a-good-guide

[drjaysee]

Dear @DH, thank you very much for your several posts since
2 days and I really enjoyed reading your insights about the background of the management (indirectly). I am a new investor with BCG since July 2020 and first time (since yesterday) I hear from you in this forum. I greatly respect and admire with all your posts but it would have been much appreciated if you didn’t mention anybody’s name (it may not be intentional) in the public forum. I wish to inform you that I am no way connected or expert in this field of what BCG is doing but I have invested heavily (70% of my portfolio) with BCG after reading many fruitful technical posts by the long term investors, senior members, experts (including Logan’s many of his in-depth technical inputs and support of Admin & other Hyderabad Team) and also impressed with BCG’s technicals when comparing with its peer groups and finally convinced myself to invest. Everybody knows very well that the issuance of PW is inappropriate and being a public limited company, the management should have been informed to all investors in advance for the purpose of PW which they sadly failed to do that. However, I presume that definitely BCG will have bright future if the corporate governance is streamlined when we look at the technicals. I will explore your previous posts (before I got into this forum – July 2020) and try to grab all your technical insights about BCG for my reference of gaining knowledge.
Dear @Logan, please do not take anything personally since this forum is meant for the healthy discussions (not like other Forums) to support new investors like me as well as kind of knowledge transfer & capacity building from all of you.
Again my sincere thanks to admin and all expert members who are spending / sharing your valuable time / expertise here in this forum and I greatly respect you all. Let’s all be patience, unite and move forward (without any ego/jealousy on anybody) focusing towards our objective of BCG’s achievement which is not far from here once the interim issues are sorted out. Hopefully the dividend should be credited tomorrow (as per their records, 25th Jan is the last date). Good luck and best wishes to one and all.

[drjaysee]

Dear @vgsatwork and m4max1979, Thanks for your replies. I do understand that some people are always sit ideally and misguide the genuine investors by creating unnecessary panic. Even I got tempted to send some reply to that guy but it’s not appropriate to react / reply to their views. I am utilizing this opportunity to grab as much as possible and I am sure, in a week time everything will be changed once the dividend is released (on of before 25 Jan) & many will run behind BCG to catch which may not possible. Good luck to all our BCG investors and Forum members.

[drjaysee]

Dear @Logan and all BCG Investors, today I have seen full of negative comments/messages by 3-4 guys at the MC stating that Warrant has been rejected and it will go down back to 3 levels. I am least bothered about the naysayers and still have very strong trust on BCG’s future growth considering its potential. Experts, please share your views.

[drjaysee]

Dear @Nitin_asce, totally I agree with you. I have seen the NCLT Court order dated 19 Nov 2020 stating that “Counsel for the Respondent stated that they are making all efforts to settle the matter and talks in this regard are in progress. He further stated that during pendency of the instant CP, they have made a part payment of Rs 5.5 Crores. Submissions are recorded. Both sides are directed to submit the outcome of discussions on the next date of hearing. In case, if the matter is settled, both sides are directed to file joint memo of settlement signed by both parties and counsels”. This clearly shows that there was a agreement of settlement amount between both the parties in front of the NCLT and definitely some good progress is going on internally to solve the issue amicably. Let’s be optimistic and wait for yesterday’s NCLT order outcome (May be today or tomorrow we will come to know).

[drjaysee]

Dear@buffet and @dileepvn,

Just now noticed that the website is fully secured with new logo (direction changed one).

https://brightcomgroup.com/ – Logo changed and secured.

[Author]

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