[kmr003]

As told earlier it is difficult to understand

Very huge dilution, atleast 17-20Rs would have done justice
1) may be loc is delayed or on hold ?

2)To get rid of g and operators this kind dilution ?

3) Many questions why to dilute bso much ?

4) don’t wt is his intention towards 50k retail investors. To whom SKR is doing favor ? wt is the emergency of funds ?

5) to whom PW allotment is done, lot of things are un clear? lot of things SKR should answer.

6) if possible Hyderabad guys, please try to meet him in AGM and please get more clarity, thanks

Last point, whoever is advisor/ giving idea to him retail investors hate them a lot

thanks guys wil take some break till AGM

[kmr003]

It is difficut to understand SKR, have few queries, don’t kw valid or not

1)If LOC is done by Jan2020 end, what is purpose for warrent issues at lower price ? why con’t they buy in open market ? for same money

2)Last PO allotment process it self took more than 6 months, how many months this will take ?

3) last PO fund is still blocked by bank, wt is garentee this will proceed on time and bank will not block this ?

4) Why to issues at lower price even @10-13rs is less ?

5) more dilution is more liquid ( may be ops tomorrow)

6) What about retail investors weath, they brought all at high level and waiting for more than 5-10 years

7) this will have impact on price, will this supress price between allotment price ?

8) Wt SKR thinking about retail investors, who are patiently waiting for years

9) As in concall he told had taken few mistakes in past , hope this should not be future wrong decision by SKR

10) How this is going to increase trust n credibility n impact BCG ?

thanks

[kmr003]

BCG up move is definitely not on results published.
@Logan clearly mentioned in treads #9188 #9194 #9196 ( in random discussion )

What ever results BCG posted in recent times market reacted negatively

last point SKR should start resolving investors concerns, hope he will not drag issues for one more Quarter and repeat the same things in this conference call also.

[kmr003]

@logan,

You are comparing BCG to TTD, but investors are not even comparing it to Affle or OnMobile, to start comparing SRK should bring back investors confidence,

None of big investors are holding even @1PE, below are few things I observed SRK is least bothered or not even taken single action other than conducting investors conference calls

1) Big private equities offloaded their holding Everest sold 8 Cr no of shares Oaks sold 5 Cr shares –

2) I remember during 2014-15 retail share holding was around 10-12 % now it is whopping 29% and some guys holding 10-12 %
In next 6 to 8 months preferential allotment shares also can be sold in market
i.e another 5%

5) SRK is well known about 40 % of shareholding is not stable

6) None of institutions investors asked questions in last 4 year conference call.
don’t even know who is attending

8)SRK thinks not to spend money on BCG to improve market cap
(this would have done by appointing big 4 for standalone or giving 0.2 paisa dividend or buyback of 2% (4-5cr Rupees) shares from open market )

9) Seems like Investors think it is very hard to change SRK behaviors towards investors,

10) Even SRK knows Axis is in NCLT i.e negative sentiment in market, don’t think he will be priority to settle the issue.

11) DAUM is one more legal settlement, SRK is not able to resolve on time, Status updates are not trusted because of past experience

12) LOC is also in same line, No big investors are confident because of SRK past promises

One thing for sure SRK should work towards to build confidence of investors and improve on credibility/ corporate governance of BCG because reputation of company is is very bad state in market

[kmr003]

If BCG was smart enough, would avoided some delays and few are circumstances cannot be avoided

1) preferential allotment, would be smart enough to identify allotment requires PAN, this would have saved 3-4 months

2) now use of preferential allotment funds not utilised, don’t kw when they will make use of this

3) SRK is dependent on LOC now till that Daum, consolidation, restructuring are on HOLD, seems like kind of deadlock created.

4)SRK requires some smart guys/ management to identify potential risks ahead

5)SRK cannot miss deadline and always drag key issues.

Hope by 6-12 months SRK meets his promises, LOC Daum,Debt free
Improved topline (future),and some key announcements for BCG
(May be acquisition / aboard listing / big investors / buy back ), but for this SRK should keep timelines in mind

[kmr003]

Please consider this points in next conference call

1) Priority issues are also dragged to extent, which will loose credibility of company.

2) corporate governance to be improved, this we had been telling from from last 3-4 years

3) On every conference call SRK informs, we are much closer than before, but none of major things sorted out,

And stopped giving timeline as never met before

4) we don’t want to repeat the same things again and again from last 3-4 years,
we require proper timeline or steps how BCG is working on this to improve

5) we should collective send email / bring this points in conference call

[kmr003]

Please ask below queries

1) Daum final settlement , as we know it is unsafe to travel now, Can you please try to settle in a digital way, don’t know when this uncertainty will end.

2) As told in the last conference call, OAK’s shares will not come to market, Seems like they too started to SELL in the open market,
( another 5% will be unloaded to retail investors ?)

3) Why BCG is not trying to bring institution / FII investors to invest ?

4) Loans not paid, DAUM not settled, why to declare 5 paisa dividend ?

5) If dividend declared, at least 20% it will serve the retail investors purpose, else no dividend makes more sense, and also to BCG to pay for outstanding issues.
( else in future should not say, because of dividend pay out , not enough cash to close issues)

[kmr003]

This is expected, please go through deals from last 4 years

1) always it is done to keep script in T group or ASM group

Not able understand why they are doing,

2) They have completed freedom to buy n sell no one can question but seems like it is for some purpose. May be to suppress price for long term, keep out retailers ?

3) High time for SRK to bring some trusted big institutions/DII/FII to get out of these things

4) These transfer of shares between them, SEBI should investigate and if manipulation found, action should be taken

[kmr003]

Query

when is “OAK INDIA INVESTMENTS” shares holding is expiring ?

Below are pending items seems covid19 has big impact in delaying

1)Daim final settlement is getting delayed bz of courts not operating ? and not able to get legal approvals ?

2) Consolidation of subsidiaries- more than 2 months completed requires legal approval ?
and fund raising directly linked

3) Yet to receive approval from NSE for preferential allotment

4) Impact on programmatic advertising, data consumption has increased, can be positive,

can someone updated on same

[kmr003]

Can some one brief on what are sebi norms to fix share price
for preferential share allotment

please refer https://www.sebi.gov.in/guide/guide200013.html

seems like SRK was telling 6/- around 8 months ago,

Please clarify, what is possibly if allotted at lower price

[Author]

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