[Follower of Logan Sir.]

Valueji. Most of the time, I am right, Like when oak was to exit, It went down to levels 3 & less. Hope this time you are proved right as usual.Still I will stick to my version.

[Follower of Logan Sir.]

Going as per trend, It seems its on a downward spiral. 4.85,3.20 on the way. Nothing to worry, What goes down will come up accordingly. Pls note all stocks play zig zag and with time again gain.Keep Patience.Cheers!!!

[Follower of Logan Sir.]

Another two months we will see light at the end of the tunnel as Qtly results time around June 25TH along with release of pledge shares, Intervening period sanction of LOC resulting into acquiring of new company, Etc.It has to reach its fair value & will reach. Most Golden period end Dec 2022. Pls wait for it. Cheers !!!

[Follower of Logan Sir.]

I am also thinking of writing, Only after 5 years with a lot of profits in mu kitty. Cheers!!!

[Follower of Logan Sir.]

Slow & Steady wins the race. All the other issues so far has got resolved with time, So is the case with LOC & Daum Guy. It will also happen, Wait for it. Hard core investors never panic & Stay put & patiently wait for things to emerge. I repeat a waiting game. So We have to wait for things to fructify. Cheers !!!

[Follower of Logan Sir.]

As a norm, Release of pledged shares should happen as soon as loan amount is paid in full. For price improvement, We will have to wait for some more time.Patience, Patience & More Patience.

[Follower of Logan Sir.]

With regards to equity dilution,Not a major cause of worry as Warrants are converted into shares at a future date ideally before 18 months from the date of allotment. And the remaining amount is paid after the warrants are converted into equity shares. Warrants are issued because the capital is required in the future date. Both the instruments are issued at specified prices as per the Sebi guidelines. And if warrants are issued, there is no immediate equity dilution.

Our company is on strong footing with excellent set of earnings from past few years compared to earlier years. Second it is getting flushed with funds so that it can go for creeping acquisition which handled properly can result in great profits year upon year. Further Granting of LOC will indeed result into total change in the scenario. A game changer for sure. No two opinions on it.

Waiting game with definite price increase with time. Keep patience. Do not give up a single share. Hold it tightly. I am 100 percent sure. Save this message. Cheers !!!

[Follower of Logan Sir.]

Good article on PW. While preferential allotments can help raise capital, the 18-month gap for convertible warrants is skewed in favour of the promoter.
“For a small shareholder, it’s irrelevant whether the promoter is paying all the money upfront or over 18 months”

A promoter of a listed company is allowed to directly increase his ownership primarily through two mechanisms””creeping acquisition and preferential allotments. Preferential allotments are usually positive for the small investors. One, under the creeping acquisition route, a promoter can purchase a maximum of 5 per cent of the equity in a financial year through the stock exchange at the prevailing market price and the seller may or may not have the knowledge that he is selling to the promoter. However, a preferential allotment is announced to stock exchanges and investors are aware of the promoter’s intentions.
Two, a preferential allotment has to be at least at the highest closing price of the previous 15 days and usually this represents fair valuation. Three, a preferential allotment envisages the promoter investing money in the company against fresh issue of shares. This is far superior to a promoter buying shares from an unsuspecting shareholder.
Four, preferential allotments can aid mergers and acquisitions or in raising capital. For example, when a company plans to enter into a joint venture with a strategic partner or raise capital through a financial investor, this results in a promoter’s equity being diluted. A preferential allotment would allow a promoter to maintain his shareholding at a fixed price. This would encourage the promoter to go ahead with the proposed transaction. Such events and transactions usually add to shareholder wealth.
Five, a preferential allotment is a strong signal to the investment community of the company’s future prospects. Recently, Mukesh Ambani increased his stake in Reliance Industries by 5 per cent through a preferential allotment at Rs 1,412. Investors were free to purchase shares at around this price from the stock exchanges for quite a while after the announcement was made. Similarly, if the terms of a preferential allotment are blatantly unfair, unwarranted or shareholder-unfriendly, investors can take a negative view and exit the stock.
In many cases, preferential allotments are made by way of convertible warrants. A convertible warrant is a security issued by the company which can be converted into equity at a fixed price any time over 18 months from the date of issue, usually at the option of the holder. Under Sebi regulations, a warrant holder has to pay a minimum 10 per cent of total consideration at the time of issue of warrants and the balance at the time of conversion. This structure allows promoters to increase their stake at a fixed price by paying just 10 per cent of the consideration and paying the balance over 18 months.
Prima facie, this does appear to be skewed in favour of the promoter or the warrant holder. However, for a small shareholder, it’s irrelevant whether the promoter is paying all the money upfront or over 18 months. The small shareholder should look at the circumstances of the preferential allotment like intent and purpose, pricing and the promoter’s track record and take a decision to buy, hold or sell.
In the case of Reliance Industries, the promoter has issued warrants to himself but this is not relevant to the shareholder, regardless of whether he is subscribing to fully-paid shares or through convertible warrants. Investors who looked at Mukesh Ambani’s track record, intent and pricing and viewed the preferential allotment positively and purchased Reliance Industries’ shares after the announcement of preferential allotments, doubled their money in eight months.

[Follower of Logan Sir.]

Sorry, Correction, Its still in ASM LT1.

[Follower of Logan Sir.]

Just checked It seems, Its out of ASM LT1. Can someone verify it. Thank you.

[Follower of Logan Sir.]

SHP declared, Next in line result date followed with out of Asm list from 7Th or 10 May 2021. Thereafter circuit revision. Release of pledged shares. News of Loc granted. Acquisition news. Lots on the plate, A perfect recipe for a tantalizing upward movement in price with time. A sure shot wealth creator. All pls wait for it. Cheers!!!

[Follower of Logan Sir.]

SHP Declared for the period ending March 2021. Experts to comment on the same. Thank you in advance.

[Follower of Logan Sir.]

Phew, One more Material development at the right time.Time & Tide does not wait for anyone. Time as well as tide has changed for the good in our company’s case. Price appreciation will depend on the quality of the fuel ingested. Wait for it. Next to toe the line is LOC which will come in shortly. What matters is with these developments the company is all set to go in the right direction as all past hurdles gets removed. For me I was always certain that these developments would happen. At this juncture i would also wish to add that the stock will come out of Asm again from 7th or 10th of May & Along with good results, The stock will propel to new levels. As far as waiting period is concerned ( 18 months ) is too short a period for hard core investors. One has to keep in mind as vidya says If a movie is hit, Its all entertainment, Entertainment & More entertainment. Similarly a stock to perform well its only Earnings, Earnings & More earnings ( Fundamentals ) and as long as fundamentals are intact price/value discovery will happen. Our company will create wealth for us. Cheers & Love you all fellow investors.

[Follower of Logan Sir.]

Normal process is 15 working day’s. So calculate from 1St April 2021. So effectively its around 28th of April 2021 due to holidays in the intervening period. Cancellation of PW is wishful thinking. Cheers !!!

[Follower of Logan Sir.]

So you mean to say, I am 1 more id floated to write here. Figment of high imagination to say the least. I was writing on this forum from day 1 when this forum was created, Wherein there was no need to register during that period. I am now registered and I am also a investor like you & As far as corporate governance is concerned Skr has agreed that its poor in umpteen con calls till date. So where is the hitch only in perception, Change your self inflicted perception. Also we graduate from universities not from Schools.

[Follower of Logan Sir.]

Last con call. Skr did say that PW is under process as the shareholders have given the nod to go ahead. On asking regarding time for approval, He stated its under process & We have to wait for it & Eventually it did come in as informed to the exchanges on 1st of April 2021. Sequence wise allotment has to get through which will also eventually happen. Wait for it. Cheers !!!

[Follower of Logan Sir.]

SKR is at the helm of affairs, So naturally he will rule the operations of the company along with his team & is running the show for past consecutive 25 yrs. So according to you deceiving for the past so many years and off late chosen this forum to deceive. Good to know it from you. Second which rule or regulations insist that the promoter of a company has no right to write on a forum in his personal capacity, Pls provide the link. Cheers !!!

[Follower of Logan Sir.]

So much howling, Crying going on since the stock has retraced. All good stocks will retrace. Nothing new. What comes up has to go down. Similarly what goes down has to come up. I wonder what will happen if it comes to 3. We will hit each other or what. Let me inform all concerned, As long as the stock fundamental’s are intact nothing to worry at all. Just do not create drama unless you require one to enthuse your self. Stay put for the long haul. Cheers!!!

[Follower of Logan Sir.]

From your end would like to know as to what stopped you from disclosing your thesis earlier, Especially when you say you knew it from day 1. And what has now compelled you to highlight your thesis with regards to Logan/akka Mr Suresh. Eagerly waiting to hear from you fighter guy. Keep up the spirits high. Cheers !!!

[Follower of Logan Sir.]

What does one mean at last. OMG Its a natural process, Once the shareholders approve. It will & Ought to happen. Period. What happened wrt to the meet with the Promoter. I do not think we need one at the moment, Whats important is the need to understand as to how much our company has moved forward with regards to the recent LOC as this is the second lender in place of the last lender with good terms & conditions,As per last conference call, The promoter of our company has emphasized on it. Yeh ho jayega to life jhingalala. Sone pe suhaaga. Gut feeling says it will also happen soon. Lets all wait with patience pls. Allow it to manifest. Cheers !!!!

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