[explorer]

As I mentioned earlier, the company has begun publishing frequent updates, but they lack substance. This suggests they might be rushing to offload shares to retail investors before the imminent delisting. More than the financial loss, what concerns me deeply is the vulnerability of the retail investors. Telegram groups appear to be compromised, and we have been repeatedly misled by the management. I believe in the concept of karma and am convinced that the consequences of one’s actions often affect their descendants. It seems likely that their heirs may face challenges that surpass those experienced by the shareholders. Anyone who is directly or indirectly involved in deceiving innocent retail investors will face severe repercussions.

[explorer]

These kinds of updates don’t mean anything to investors, and there is nothing to celebrate. In fact, such updates should actually alarm us, as we have seen in the past how frequent updates have been used to pump up share prices. For those new to the stock or with poor memory, here’s a refresher:

– Mysms acquisition
– Audio acquisition
– Mediamint acquisition
– LoC approval
– Nasdaq listing
– Daum settlement
– Aplymart – Apollo Lycos venture
– Brightcom Life
– Quantum computing
– MI/AI
– Trenova(will join this list)

We are likely to see such frequent updates, especially on weekends. I would be happy if the price rises due to the fixing of actual issues, but not because of useless updates. Such a price rise will only help insiders to exit, while retailers could get trapped yet again.

The updates we actually need:

– Company Secretary appointment
– Auditor appointment
– CEO appointment
– CFO appointment
– Audited results
– Exchange listing compliance/payment
– Shareholding pattern
– What happened to Preferential money?

[explorer]

Investors need to be wary of Telegram and other social media groups. The groups related to BCG seem to operate with specific intentions. During the previous pump, Telegram was used to manage retail investors. They posted favorable stories about BCG and the industry, ensuring that retail investors held on to their stocks while insiders dumped their shares to them. Even an admin in a Telegram group, who once held more than 1% of the shares, exited at the peak. A similar approach seems to be in play again.

How do these Telegram groups operate?

1. They downplay all the major issues of the company.
2. They discuss among themselves how the share prices will rise once these issues are resolved. Even those who appear to criticize the company are often their own people; their criticisms are usually very mild.
3. If someone criticizes them or SKR, they are banned immediately and quietly.
4. Their intention is to prevent investors from revolting against the company or SKR. They aim to pump up the share price so insiders can exit.

What do they gain from this?

1. Some gain monetary benefits. For example, one of the previous admins mentioned earlier sold shares at the right time during the last surge.
2. Some hope to see the share price rise to cover up their mistakes.
3. Some are paid to manage retail investors.
4. One of them is SKR himself. 😛

Just look at the scale of fraud SKR has committed. I don’t understand how people can still support him. If there is one place he belongs, it is jail. He has committed fraud worth thousands of crores, submitted forged documents to SEBI, failed to provide audited results, had multiple auditors resign, and lacks the funds to renew NSE listings. Now, the admins of the Telegram group claim that BCG can survive only if SKR returns. There is no shortage of talent in India. We just need to remove SKR and bring in the right people, not his cronies. This can only happen if investors unite, call for an AGM, and remove the current management. SKR anticipated this and has managed to keep rebel investors under control by forming an association that is, of course, controlled by his own stooges.

As much as I want my money back, I want to see the law take care of these corrupt people.

[explorer]

@Logan and others, please kindly stop all these speculations unless you truly know the facts. Just go back and read all the messages you’ve posted over the last three years. They have given false hope to many innocent investors. Several of my friends and family members were influenced by these optimistic stories and ended up purchasing shares. Your messages make it sound like the company is the next NVIDIA, just waiting for a small issue to be resolved. But the truth is, the company doesn’t even have a 5% chance of surviving from this point. If it’s going to be revived, then the truth needs to be told.

P.S.: I know this post may draw a lot of criticism, but someone has to speak the truth.

[explorer]

The Dec-2023 result confirmed the beliefs of some that most part of the company exist only on paper. The previous CEO and CFOs were never so involved in the operations of the subsidiaries. So that should not be the reason for the significant drop in the revenue. This is just the beginning point of the truth we all have to accept. I sincerely hope there is some value left in the compnay.

[explorer]

I doubt the intention of the admins. A couple of months back, I posted a message about nonexistent of the US based subsidiaries with proof. The admins rejected the post. This would have helped some retail traders knowing a part of BCG’s story. Any idea why it was not allowed? Happy to post again if the admins allow.

[explorer]

Morning Context are crossing their limit. If they can show their hatred towards us like us this, obviously we can retaliate and show our love towards them by rating their app on playstore. I’m not asking you guys to rate it one star. But give your honest feedback based on the stories they have written about brightcom. Here is the link.

https://play.google.com/store/apps/details?id=com.app.themorningcontext

This will help them improve/correct their mistake. Let us help them 🤪

[explorer]

I agree with @hw_tw that the company cannot do anything about the audit and reputation damage already done. But it can do a lot of other things to rebuild it.

1. The company was planning to improve its accounting practices and in the AGM we were promised that the investors would be informed about it. The company can let us know that.

2. Promising Limited review report of its consolidated statements for the current FY.

3. The company was expecting 250Cr FCF by end of March. So by now, they should have some cash that can be used for ESOP buying. Use a small percentage to buy some taken shares in the ESOP account. This will improve the sentiments.

4. Provide forward guidance for growth and FCF for the next FY.

5. Inform if they are going to stick to the dividend distribution policy which states 15% of FCF will be distributed.

[explorer]

I think it is the right time to use the fund reserved for ESOP. Though the quantity it could buy could be less but it will increase the confidence level of retail investors. This fall has driven away a large number of retail investors. The company must remember the share price is still supported by retail investors.

[explorer]

I did further exploration and the below link lists Aditya Vuchi and Neelima Marupuru as the directors along with the CEO of TensorGo, Chilukuri Srinivas. Now the question is, did we get TensorGo as well for 566Cr?.

https://www.quickcompany.in/company/tensorgo-technologies-private-limited

[explorer]

In relation to my previous post, both MediaMint and TensorGo operate from the same IT park. MediaMint is on the 5th floor whereas TensorGo is on the 1st floor. There is another company founded by the Ex-owner of MediaMint(Aditya Vuchi) that operates from the 1st floor of the IT park. Any insights, Hyderabad guys?

[explorer]

I have been trying to understand how exactly MediaMint can help with Brightcom’s operational improvements and I came across an article on MediaMint’s website which talks about improving operational efficiency through automation. The article says MediaMint has built out a development group called TensorGo to build few capabilities. TensorGo seems to be an AI startup. What do you guys understand from this article? Is TensorGo owned by MediaMint? If so, we have more things to cheer.

https://mediamint.com/flexible-staffing-and-automation-a-competitive-advantage-during-uncertain-times/

https://www.tensorgo.com/#

[explorer]

Thanks Admin, for creating this forum and thanks everyone (special mention to Logan) for keeping the spirits high. Though my journey with Brightcom started in 2014, it was a difficult one travelling alone. If not for this wonderful community, I’m not sure if I would have sustained this longer despite my confidence in BCG. Though at times I needed my capital back for personal reasons, I decided to delay my gratifications. I’m glad that my decision is being rewarded today. Keep supporting each other, we will grow together.

[explorer]

My guess is the revenue and PAT would either meet or beat the guidance. Given that the guidance came after 2 months in the quarter, the company would have had clear visibility of the sales. If I were SKR, I would downplay and surprise the market.

[explorer]

@admin no worries. I found the contents on public forum. So I thought it is okay to share.

[explorer]

We discuss a lot about Adtech but hardly anything about the media division of the company. BCG is foremost a media company even before it ventured into the Adtech business. Can someone throw lights on the list of media we own? is https://literally.media/ owned by BCG?

I’m curious about this because the websites owned by Literally are worth tens of millions of dollars and they seem to generate good revenue as well based on their traffic. I understand these websites are operated by the company but are they owned as well? If so, how stupid was the market to value the company for less than 500Cr for such a long time?

http://cracked.com owned by Literally alone generates a revenue of 24 million USD as per below. Not to mention, the profit margin will be much higher when both owned and operated.

https://www.konaequity.com/company/crackedcom-4391288517/

[explorer]

Just a thought. I know this forum has been doing a wonderful job by spreading the right information to the people thanks to the administrator and the contributors.

I introduced Brightcomgroup to a couple of friends. As newcomers they had few questions and I directed them to this forum as I thought it would be a better idea to learn from the intelligent community than me. Though this forum is rich in content, they seem to be having trouble searching for information. Some of the valuable information is lost/not easy to find in the threads. So I was wondering if we could create an index for frequently asked questions. That way we can point all the newcomers to the document. This will also avoid repetitive questions on the Telegram group.

[explorer]

Those who still keep questioning the name changes of the company should try to understand the reasons as well.

1. Lanco Global to Ybrant Digital – Ybrant got listed in India by reverse merging with a listed company called Lanco Global. When acquisition/merging happens, why would any company want to have the name of the smaller company? Ybrant Digital had better brand value than Lanco Global.

2. Ybrant Digital to Lycos Internet – Ybrant Digital acquired Lycos. Lycos, even today, is a popular name in the US. To give an analogy, what Yahoo used to be in the 00s Lycos used to be in the 90s. Ybrant wanted to capitalize on the brand value of Lycos, which is one of the many reasons for the acquisition. To know how popular Lycos was, go through its wiki page.

3. Lycos Internet to Brightcom Group- Because of the settlement dispute with Daum, Lycos lost the trademark and the company was forced to change the name. Even when the dispute was in court, Daum objected to the usage of the Lycos trademark(see point 12 in the attachment).

Attachments:

1. Daum_Global_Holdings_Corp_v_Ybrant_Digital_Limited_et_al__nysdce-13-03135__0047.7.pdf

[explorer]

I think there is a difference to certified partners as opposed to non-certified partners.

The following link details the difference. Currently there is just a handful of certified partners across the globe(53 as per google). I’m glad that our company is one of them. Having the certified partner badge in itself will attract and bring a lot more publishers and advertisers.

https://sortable.com/blog/ad-monetization/what-it-means-to-be-a-google-certified-publishing-partner/

[explorer]

I hope to see Brightcom very soon in this list

https://www.google.com/ads/publisher/partners/find-a-partner/#!?modal_active=none

[Author]

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