[nitin_asce]

I think we should ignore all such notifications.

My father was in bank and I know for sure agreement is in place and only then payments are made. Otherwise bankers will take part payment and still negotiate with company on balance outstanding amount. It gives upper hand to bankers in negotiations. And suppose it has happened, then there is a very high chance that axis will ask for full repayment and will not settle for anything lesser.

I give you an example a settlement is made when bank evaluates that party is unable to pay.
Here case is different the party is unwilling to pay but has means to pay.

[nitin_asce]

@vgsatwork I agree with your statement. If promoters had money then they would have bought PW themselves.

But we should note key thing all this would end when share price rises and it will definitely happen someday. Till then it will be a test of our patience.

[nitin_asce]

I also received a deposit from DCB Bank and I am guessing its BCG dividend. However company name is not mentioned.

[nitin_asce]

I think we are only 2 weeks away from Connall. At least we can ask questions and let’s see what answer we get from bcg management.

[nitin_asce]

@drjaysee I think that you got a response because of your email id.

I am still waiting a response from IR but till date no response.

[nitin_asce]

@LOGAN i would consider taking information from annual report.

If information is wrong than annual report needs to be updated else it is a case of misguided investors.

[nitin_asce]

For dividend, it looks to me it is artificially created issue.

I raised an complaint on scores let’s see what is the result.

Anybody who want an official response on purpose of PW and dividend can raise their complaint on scores

[nitin_asce]

Dear all fellow investors.

Let us not doubt each other at this moment. Why does a company CEO meet investors when he has no obligation to do it because it is his plan to distribute non material jnformation.

So we need to look into the motive.

Now the company does not want to reply investors email, that shows they don’t want to give any information.

My perspective is since for one complaint on scores in preferential warrants, ceo himself called why not somebody from knvestor relations. Looks to me very odd and shows how PW are important for company.

So my take is unless PW are approved by exchanges news will be controlled. I don’t expect them to even meet our fellow investors before PW approval.

[nitin_asce]

@logan @diana any views on latest acquisition of a company in Israel by AFFLE.

[nitin_asce]

I have raised the complaint on SCORES. I think this is best we can do.

Company has to close it in 30 days.

[nitin_asce]

@jrs we are discussing it so much because we don’t want to board such Volvo bus but our expectations of making good money is making us to ride the bus.

[nitin_asce]

@diana I do understand the frustration all of us are having.
I have not seen SEBI taking action on all such promoters.

I think I would have been much happier if promoters had themselves subscribed to these 34 cr warrants. It would have pained much lesser than it is paining now.

[nitin_asce]

@diana can you elaborate how promoters would get benefitted from this transaction.

The other thing is we could not do anything for warrants issue and nor we could have done if promoters had allocated warrants to themselves. Price discovery of warrants is also per sebi norms.

So couldn’t understand what promoters gain by allocating such huge number of warrants to other parties.

[nitin_asce]

@logan My judgement says there is a very good compelling reason for warrants otherwise no promoters would like to dilute there shareholding.
I don’t see any example of such dilution in share market. I still think but not sure that this is a backup plan.

Rest I do believe in technical skills on mr skr like lycos life. He is investing in agritek and I have read article like mr bill gates, Elon musk etc several of them has bought lakes of acres of farm land and are still buying. Still not sble to connect the dots but there seems to be a very strong correlation these intelligent people are able to see and common man like us are not able to understand.

Do let us know if you come across any further article on this topic.

[nitin_asce]

@logan this can be a reason. But we won’t be knowing. The only issue is mr reddy don’t want to pay say 35 cr to axis.

I give you an example reliance factory was damaged in the early years. Experts claimed it will take 6 months to restart it. Mr Ambani directed his employees that he want it in 20 days and they can spend money on charter plane also to bring equipment and no questions will be asked. The factory started on 22nd day if I recollect correctly. They might have spent twice amount in refurbishment of factory but earned much more in next 6 months by running the factory. However here I think brightcom is behaving just the opposite of what Mr Ambani did. For just saving 25 cr they have kept share price languishing. Suppose they have paid 35 cr to axis, and then alloted the warrants the amount raised would have been many times more.

On standalone business I think it provides services to subsidiaries and hence done on cost plus basis. They can anytime increase cost of services and move money from subsidiaries. That’s pretty easy stuff.

I think nclt is just bargaining tactics by both parties. Do we think mr reddy will let go of bcg for 35 cr rupees and that zlso company has to pay and is not coming from his own pocket. When you analyze the situation we will make conclusion of what is going on.

[nitin_asce]

@logan see the question here is does thr borrower has capacity to pay or not. So ots is made when borrower does not have capacity to pay.

Generally these agreements have time frame and bankers do allow some additional time to pay if borrower is really facing financial crunch.

But in this case how BCG will justify financial crunch. The other thing if time has passed legally previous ots agreement is null and void.

Judges in nclt will try utmost best so that both parties can themselves arrive at sgreement as this is best solution.

[nitin_asce]

Let me give you an example nobody from axis Bank can approve settlement if bank knows the company is raising money and can easily pay their whole loan amount. He will loose his job or maybe accused for taking bribes.

So some things have to be done sequentially and we as retail investors will be last to know.

[nitin_asce]

I agree with Logan that SKR is looking for a acquisition and a small hint was dropped in the agm.
Axis issue-i know how banks work. So money is only paid when final agreement is in place. Now we see that BCG paid 5.5 crore and axis lawyer avoided the question because he can’t give false information to court. He confirmed he did not get any information from axis whereas he might be fully aware of the issue. So its only matter of time before its sorted.
LOC and warrants- it feels very painful for such huge dilution of equity. But if we see the positive point company will get access to lot of cash. The other wild guess I have is maybe its kind of backup plan to LOC since there must be some time frame to pay for DAUM. Maybe rathi_b can clarify, I think in one of their meetings with SKR it was mentioned that dilution in equity will not be significant.
However in worst case even if dilution happens, company will have access to money. We might see axis and daum closure plus 30% revenue increase as mentioned in one of the concalls. So actually my forecast future return will be lower due to dilution but positive is I may get that return on stock much earlier.

Now coming to operators, they are making money. If we observe from video above it is confirmed financial is all right and only issue is operators. We also see steady increase in retailers entering the stock. So my own thinking is it may not last, when demand increases automatically operators will be out. However we don’t know when and it is testing our patience.

[nitin_asce]

I think we are getting very pessimistic. Last nclt update said that bcg has made some payment to axis. This generally happens when broad understanding is reached between both parties. So I think the payment amount is fixed.

Rest looking at the issue of warrants, I think that everything is planned and we as a retail investor don’t know anything. We have to wait xnd see what happens next.

FYI since initial payment is done I think axis matter is sorted out. Only thing is we will hear it only once company themselves wants to announce it. Test legal process also tKes some time.

[nitin_asce]

New shareholding pattern out. Surprisingly goenkas are not there in shareholding >1%. Either they are out or shareholding is less than 1%.

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