[JRS]

Hi Any update on NCLT?

[JRS]

[JRS]

If companies share price is increasing only because of Corporate ethics and few good Corporate announcements without any strong Financials, then it is a BUBBLE(Development without Growth, which is senseless)

If the Company showing tremendous growth in its Financial Statement but still no improvement in Stock price due to lack of Corporate ethics and good announcements then such growth has no meaning ( Growth without Development is Meaning Less)

Only companies with Strong Fundamentals( Growth+Development) will survive and can uphold the interest of all stake holder.

However when it comes to BCG we have doubt on both I.e we have doubt on fundamentals.

1) Growth: Because no guarantee that Receivables will not be written off. It is not the Contingent liabilities which looks risky but it is the receivables which is the most risky item in the Balance sheet.

2)Development: Because inviting Operators (who are manipulating the shares by trading openly) through PW has shattered the Corporate ethics.

[JRS]

I forgot to mention one statement above:

“ Development without Growth is Sense less and Growth without Development is Meaning less”.

So both should go hand in hand. Both combined is called Fundamentals of the company and not just what we see on Balance Sheet.

Note:

1) Development= Improvements in corporate ethics(indicator is Stock Price)
2) Growth = Increase in Revenue and Profit.(Indicator is Balance Sheet and Income Statement)

[JRS]

@Logan

What ever you said is right to the core. But inviting operators by issuing warrants is the blunder.

I had lot of respect towards SKR, I saw his interviews on YouTube and was very much impressed on the way he worked.

I considered,The write off was also because of some mistake.

But now after seeing the operators like Mr.Z in the PW list, all this respect washed away.How can a CEO of a company entertain this, he is expressing openly that he is the main cause of manipulation of stock price.I am now concerned whether the receivables will be written off once again.

He should understand Public Limited Company is a democratic institution, the CEO represent the trust of all who believed and voted, and it is his job to uphold the interest of all.

If he is working for the interest of few, then it is like Government getting influenced by few strong section of society who are rich and, neglecting and side lining the weak section who are poor.

There is difference between Growth and Development.

Growth is increase in the quantity, I.e, increase in numbers. In case of company it is Increase in Revenue and Profit. In case of a country it is Increase in GDP.

Development is increase in Quality, I.e, increase in standard of living.In case of a company welfare of stake holders (indicator is Stock price) which comes from good corporate ethics. In case of a country Welfare of people, which comes from inclusive growth(indicators are Human Development Index, Literacy, Health Index, PPP etc).

We are expecting not just Growth but Overall Development.

This one move of inviting the Operators by issuing PW shattered all the belief I had on SKR.leave about Development, I am worried he will destroy the growth by writing off the receivables.

I have only two major concern.

1) Why he is inviting operators and why he is associating with them, how he can justify that his move is for common good of all stakeholders.

2) What is the security for the receivables so that it is not written off.

[JRS]

I lost faith on SKR,he had a very high image in my perception, but now he is looking like a crook.

I never expected this type of corporate governance from the person coming from reputed institution like IIT. He should be added in NETFLIX Web series “BAD BOY BILLIONAIRE “.

He is a mass hypnotiser , I request the forum members who are visiting him to fall prey to his dirty tricks.

Stick to one question, “ earlier you said you don’t have any connection with G gang, but now it is very clear that You have selected the Z gang and they are openly operating and manipulating the stock”…..

This is clear example of insider trading, where he will be asked to buy and sell according to the direction of SKR.

@Rathi_b

From your strong words I believe you will be right person to counter SKR.

I vote Rathi_b to lead this delegation.

[JRS]

Check out the Video…found it in You tube….felt informative

[JRS]

[JRS]

I feel write off what SKR did is a loot.
He will definitely write off all the receivables or some part of it, as he has tasted it earlier. He may receive some amount out side a system in black.

I have never seen a CEO handing over preferentials to operators.

He kept he has no idea of operators like G gang.Thanks to forum members who caught SKR read handed for his direct contact with operators.

My blood boils seeing all these things, even though ai invested very recently.I really feel the pain of investors who trusted him and waited for so long.

He will come to streets or go behind bars if he is operating this destroying investors money.

[JRS]

I am really thankful to Admin and the members of forum. It is because of you all there is continuous sharing of information and we are capable of understanding the intention of management, so that we new investors are safeguarded from the manipulation of operators and SKR.

[JRS]

@vgsatwork

Yes, even My feeling “it is operator driven stock”….Well controlled by SKR by sharing inside information.

We all are speaking on fundamentals, here the game is different….He is playing Carrot and Stick policy, on one hand he is speaking on business and fundamentals on other side he is controlling stock price for benefit of operators. In this way he has divided the investors into two groups, where in we keep on debating.

He is using this emotions for his benefit, because one group shows positive attitude which invites investors and one group shows negative attitude which forces innocent investors to sell the stock in loss. Who benefits the traders like Zaveri.

I think SKR continues this till all the retail investors hand over their shares to his operators and exit completely.This show May continue another 4 to 5 years.

I think there might be some benefit to him in this trade(like commission)

However long term investors are facing the consequences.

I am thinking to exit this script if it reaches ₹9.Fed up!!!!

[JRS]

@Rahul

In that case he has now built an army of strong investors, now nobody can stop his dream of making BCG a global company.

I think these investors are told to buy as much as they can from open market till the average makes below ₹7.7. so that they stop the operators who are shorting and keeping the share price low.(any how they are assured with Warrants @7.7₹).

The G gang hardly have 15 crore shares I believe, if they try anything by shorting the new investors may buy.

But if G gang Is part of the SKR strategy, then I should recheck my views.

[JRS]

The list Looks Disastrous to me.Almost All the corporate bodies, if we check with MCA looks like traders.

I think SKR is desperate to raise the money (LOC May be rejected or on hold) and he is ready to raise money in any possible way.

However I have 2 Theories( just an assumption)

1) SKR want to reduce the control of G gang by bringing new players in.(like what Ambani did). If the G gang short,these players will buy the shares from open market instead of Converting the Warrant, if G gang go long then it will be an advantage to these new players. Also SKR have quick money to fix Axis shortly and wait for LOC ( till the share value raises to decent level in the market) and settle Daum. This may be the reason why G gang are shorting, so that no investor would come forward to invest at an average price of 7.7₹.

2) SKR May be using Hawala system to pump money into the system, through these investors(in that case get ready for second write off from the amount receivables in the balance sheet as it will be received in hawala method)

First theory is in favour of Retail investors, the second will be disastrous.

I don’t know what is SKR intention.

[JRS]

@odysee

Thank you so much, Sir.

[JRS]

*
Whether SKR has not revealed the name of Promoter to whom the Warrant will be issued as it is not approved by the Members and regulatory authority yet??

[JRS]

IN The letter issued to BSE it states

“ Warrant will be issued subject to the members and regulatory authority approval”

Who are the “members” mentioned in this letter.

Also in the same letter the management said “The details to whom this warranty will be issued will be circulated to Exchange and Shareholder before AGM”

Whether SKR has not revealed the Promoter to whom the Warrant will be issued is not approved by the Members??

And according to Corporate code of ethics they are not supposed to reveal it before the approval of Members and Regulatory authority.

Request that “somebody throw a light on this statement and give some understanding.”

[JRS]

Mr.SKR

Hats off to you, you should have started producing suspense movie and you would won Oscar Award.

I remember a scene in Dangal movie, where Aamir Khans nephew tells Mamaji always keep things suspense.

Why can’t you be transparent and why you keep things so suspense. Nor Axis, nor Daum, nor LOC your suspense is making market speculative.

you have given a weapon in the hands of manipulator to manipulate, the weapon is your suspense.

You say you don’t understand market, but your moves shows it clearly you are Master.

Your one statement of issuing Warrant is raising so much of speculation, as it is not clear to understand.

I am sorry to say, you don’t deserve to be a CEO of public limited company, better you try your luck in politics.

[JRS]

One problem may be dilution of Shares once the warrant is converted into equity shares,

Does this impact the share price?? As it may lead to fall of EPS, In that case why would one who is buying Warrant will take such a risk.

Not able to connect the dots.Kindly help

[JRS]

If they don’t pay within the stipulated time,and will not convert into the Equity shares then warrant expires and they may loose 64.45 crores I believe.

If the stocks rises then who ever purchased will definitely convert the warrant to equity. If not he may let it go.

And to arrive at ₹7.7 they cannot arrive it arbitrarily, it is accordance to the guidelines of SEBI I.e Average of 6months Market Price of Share.

[JRS]

34×7.7= 261.8 Crores

However to whom ever it is given, they are liable to pay only 25% of the total 261.8 crores (according to SEBI guidelines) I.e 64.45 crores.
Rest of the amount they may or may not pay before the time period restricted to them.

[Author]

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