[Nikhilraj]

Radhu ji ,
This time we have more clarity and confidence as many allegations were proved wrong and concrete proofs on existence of foreign subsidiary and their balance sheets .. So pretty confident this time ‘apna time ayega’

[Nikhilraj]

Logan Sir ,
Agree with your point. if company use the money for growth opportunities than paying dividend it is really good thing . But in the cuttent scenario , investors don’t have clarity to belive company is utilising the money they raised so far for the growth . Acquisitions were cancelled or turner to JVs with zero investment. Unless company give a clear picture on it’s future plans, dividends,buybacks are the reasons to cheer for retailers .. May dividends create a image that the company is investor friendly and their profit claims are genuine .

[Nikhilraj]

As of now all the very recent developments are favourable for the investor community. Whether market will immediately reward this , nobody knows . Still there are many reasons to restart the dreams which had paused or even turned nightmares …
Let’s hope company will fullfill all its promises before the next concall

[Nikhilraj]

So what is the future of those shares sold by lenders ? They are still with public ? Lenders to get those shares from open market and give back to promoters? , If yes any time lines ?
Importantly whether the promoters repaid the loans they had taken from these lenders ?
Can any experts enlighten me on the above questions ❓

[Nikhilraj]

BCG has got best ever media coverage in almost all business news channels .. now waiting for that villain turned hero twist moment ..

[Nikhilraj]

It is very disappointing,company not released a letter to investors yet . Only good thing happened is like we retailers Sankar Sharma also started writing essays in twitter on BCG in a polite and decent manner. Earlier he used to be arrogant on twitter 🤒

[Nikhilraj]

At first glance , report looked as the END of the world .. but now it feels it as the right step to corrective measures what retailers were demanding since years … Now we can get some reliable data from the company and no more dramas and confusions… All allegations against the promoters were some what known to market and seems they are already priced in ..

[Nikhilraj]

Same feeling .. Could have sell this at highs .. got multiple warnings ,suggestions from many sides many times to book profit .. but the mistake was we studied so deep about the company and was so confident on the business model … Those people who exited once the price reached their target is laughing now .. we were idiots…

[Nikhilraj]

Let’s do not step back from our demands even we are observing some green color in share price for few days with out the support of solid reasons

[Nikhilraj]

Is there a common format for the mails .please share the draft of the mail and the mail IDs ,it will be helpful for many .

[Nikhilraj]

Agreed . But our Hyderabad members have already met him many times and he always gives the promises that issues will be fixed soon . We have not seen any convincing steps til now to boost our confidence . So this time he should feel the heat of investor frustration , our movement to be bit more agressive .

[Nikhilraj]

Yes Logan sir kindly be the captain of this movement .
If we are not taking any action against the negligence towards us ,what is the use of a connected community ?
All members this is a do or die situation it is individuals responsibility act sensibly rather than creating stories and blah blah blah discussions …
The 7K member telegram group is a utter waste in taking any action in favour of retailers.

[Nikhilraj]

Management is taking zero effort in the favour of retailers. With out any major announcement with solid proof is the need of hour . Keeping quite is not the right way . We should showcase our protest against this negligence either online or offline

[Nikhilraj]

Rathi Sir ,
Thank you for the great effort from your side . It was quite encouraging to read the meeting outcome.

1. Could you share the Audio website which is mentioned as already up ?
2. Did SKR mentioned any timelines to close DAUM ? No one is dare to believe his assurances as everyone in this forum knows .
3.Did he mentioned what exactly blocks to publish the audited report to everyone ? Is it DAUM or anything else ?
4. How to contact the management if anyone wants to check the audited results by visiting the office ? Still ir.brightcom group is dumb and they are not replying to mails

[Nikhilraj]

Hello respected fellow members ,
Kindly update if anyone planning to visit BCG office ?
#chalo Hyderabad.

[Nikhilraj]

#chalo Hyderabad
is to trending now ?
Hope our members from Hyderabad will soon visit the office and verify the report for all retailers.

[Nikhilraj]

Collective effort is the need of the hour . Rather than falling share price the frustrating thing is the management’s attitude towards it . We have great example of Adani group ,how they are fighting with the issues and attempts making to regain investor confidence .
No promoter should be so ignorant towards investor community.
We should conduct protests in all the possible ways whether it is a twitter campaign or a march towards Hyderabad office or a press conference.
SKR , SS or Peshaw should not come with a pump and dump game again in future.

[Nikhilraj]

Sir,
If you have access to the IR team kindly tell them to show the courtesy to answer investor’s mails . Majority of the investors are not getting answers to their queries even with multiple reminders .
Also it looks there is nothing illegal to share some office photos ,selfies with top management people in the office etc
Even of you record a vedio
interviewing SKR or Peshwa or any higher officials and post it in YouTube ,I don’t think no one to sue you unless it contains sensitive information.
I am sure atleast 10 thousand people out of the 4 Lakh retailers will come forward to support you if you face any legal actions sue to this .
So sir please go ahead and get clarity for our queries.

[Nikhilraj]

Sent the attached mail to 44 ventures ( they manage the BCG or BCG owns them ?) .. frustration at the peak .. and trying all the possible ways …What if we bombard the all mail accounts related the BCG…
Not sure if this is a right way …

Attachments:

1. 

   44IMG_20230211_23022.jpg
   

[Nikhilraj]

In this DAUM settlement also company is not transperant to investors . Some stories says Korean company is asking more money than initially agreed, some stories says BCG plan is to not to clear this settlement as no benefits to company by paying huge amount and making LYCOS a part of company in the current scenario.
Some stories says this issue is almost completed ( we are hearing this for the last many months )..
As an investor what we need is clarity on the ongoing issues . If company is transparent in these issues we investor will have more confidence and can easily defend all the negativities in the social media .
A few of our members had met with SKR 2-3 times and all the promises he gave to them are still promises and not materialized .
At this point of time what we need is clear timelines and not promises .
Company do not have any acquisition plan for organic or inorganic growth with huge cash balance . With mediamint , quantum ,or audio acquisition company followed JV model . So what is the plan with cash balance ?
We should pressurise the management to get clarity on all our queries . Still companies investor relation group is not functioning properly,I feel .

[Author]

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