Rathi_b

Forum Replies Created

Viewing 20 posts - 1 through 20 (of 165 total)
  • Author
    Posts
  • in reply to: General Discussion #14288
    Rathi_b
    Registered Boarder

    Yesterday, as representatives of this forum, we, the investors from Hyderabad, held a meeting with the CEO, Suresh Kumar Reddy. The following are the points that were discussed in our meeting with him

    1. Appointment of CFO and CS.

    Mr Suresh has assured us that the appointment of a CFO is his top priority and that filling that important position is in the final stages. He told us that YSR garu had been with the company for a very long time and that replacing him with someone who can fill his boots has been an arduous task and that now it is in its final stages. He told us that YSR garu is still advising the company in his personal capacity. He has reassured us that the CS appointment will also be made on priority.

    2. Mediamint acquisition and its completion.

    Suresh informed us that the acquisition has not yet closed and that a notification will be sent to the market as and when there is an update on it.

    3. ESOP

    We had mentioned to Suresh garu regarding the exercising of this option at this appropriate time. He has told us that this is being looked into as an option as well.

    4. Audio acquisition

    He informed us that this is not signed yet and has assured us that the company will notify the exchanges when there is an update.

    5. Shareholding misunderstandings

    Here Suresh garu has strongly stressed and assured us regarding his resolve and commitment to the company and that the company will make the appropriate submissions to the Exchanges and the Regulator.

    6. Forensic Audit

    Suresh garu reiterated his stand that there have been no irregularities and that they are fully cooperating with the authorities. He rejected and denied any baseless rumours in this regard, and its best to wait for the final report.

    7. Stock price fall in the market.

    We had strongly put forth our point regarding this aspect to the CEO and asked if he is doing anything to address this fall in share price. Suresh garu has assured that this temporary setback would be abated in the near future and that the company is constantly working to increase the shareholder’s value. He assured us that the situation will get better as and when some of the above updates are sent to the exchanges.
    Here he reminded us that large fund houses like the kind that had been shared to the exchanges recently have been buying into the company and has urged the long-term shareholders who have been part of the journey through thick and thin not to get rattled and stay invested.

    8. Free cash flow clarification

    Mr. Suresh mentioned to us that a document to clarify the details is ready and will be published by the management shortly.

    9. Daum

    Suresh garu has assured us negotiations in this regard are being held by the company and that a relavant update as and when necessary will be sent to the exchanges.

    Finally, Suresh garu also mentioned that the company is in a tremendous phase of growth where the revenues have increased by over 75% in the last year. The company is targeting further growth this year and meeting the revenue projection for the current year. He reiterated his commitment to the retail shareholders and announced the bonus issue and dividend to reward them.

    in reply to: General Discussion #14275
    Rathi_b
    Registered Boarder

    We had a meeting with SKR today. Please bear with me, I’ll post the write up of our conversation tomorrow. I’m attending to an emergency right now.

    in reply to: General Discussion #14231
    Rathi_b
    Registered Boarder

    Meeting with SKR has been scheduled for Saturday. Any questions that you people want ask, please post it here. We, along with all other issues will take it up with him at the meeting.

    in reply to: General Discussion #11629
    Rathi_b
    Registered Boarder

    @JRS I’m searching for the answers myself. Yes it’s obvious that such huge dilution cannot be made to happen unless the CEO gets a good share of the pie. It’s naturally understandable. But now my focus is on getting updates regarding LOC. Since the start of our interaction with SKR axis has been settled. He then got the PW done for himself. Now the other issues LOC and Daum are pending. We are focussing on those issues. My only concern is the events we are looking for are getting done slowly at a snail’s pace one after the other. But the price movement is not really encouraging. We will update from Hyderabad once we get a clarity. But right now with dire situation outside we are really helpless.

    in reply to: General Discussion #11401
    Rathi_b
    Registered Boarder

    Dear members most of the offices in hitech City, Madhapur and Miyapur are closed due to increase in covid cases, the offices have been shut till first week of April now. It looks that the meeting is likely to happen at the earliest in the second week of April. Apologies, but there is not much we can do. We are still trying our best.

    in reply to: General Discussion #11375
    Rathi_b
    Registered Boarder

    @anirudhreddy , we agree with your views here. Pls can you share your contact details so we can connect?

    in reply to: General Discussion #11313
    Rathi_b
    Registered Boarder

    16th Tuesday

    3+
    in reply to: General Discussion #11256
    Rathi_b
    Registered Boarder

    Eventually

    3+
    in reply to: General Discussion #11254
    Rathi_b
    Registered Boarder

    Speculation is the name of the game and we are playing it. So if you get played take it to your chin and move on. Don’t be happy that you have nailed it by exposing someone, be so when you get out with a good profit. I can rant long about members here but I know nothing is going to have a bearing on the stock price. In principle Approval of PW by exchanges will. It will bring liquidity and be back bone for further growth. LOC will further enhance the capability of business and lastly closure of Daum will bring most of the lost credibility and respect back. I am not concerned about dilution, some understanding regarding the business potential will make you all understand that after a year the effect of it on PE would be negligible. We should put pressure on the company to improve its commitment and communication with us. How long now will it be kept subdued? 3 or 6 months until issues get resolved. After that eventually the lid will be open. I’ve been here long enough to be patient for that to happen and if gives any immediate gratification or high or some sort of happiness in chest thumping in making unnecessary speculation, great enjoy. All we can do now is to wait and pray of some word on PW and then anything can be done. It is in their best interest and if this is the final nail in the coffin be happy because the great bull run is on its way after that. Liquidity in the market is a fraction of what it was in December or early January so not much selling is happening, everyone is waiting for the PW approval. Axis was never a bankrupting debt to the company where as the humongous dilution is still a concern to many. People will buy after a final word on it, as the “genuine” selling has now come down. I am not against anyone here and hope you people will maintain the sanctity and decorum in your expression in that regard. Just writing with the privilege that I had met the CEO a few times and yes still the price is languishing, so I will take it to my chin and wait for my day to write “Manipulations are over, good riddance”.

    in reply to: General Discussion #11207
    Rathi_b
    Registered Boarder

    Even in the case of mid term scenario it is in their hands to decide what they want the price to be. I sincerely hope that warrants is their endgame. All I want is for us, who have still not been swept away by the waves of misinformation and misrepresentations is to finally see our expectation’s worth. I am waiting for a final word on warrants after that we need to move afresh with the next plan of action. I am not a Pessimist but I’m just being realistic about the limbo we are in.

    in reply to: General Discussion #11204
    Rathi_b
    Registered Boarder
    in reply to: General Discussion #11202
    Rathi_b
    Registered Boarder

    @Admin,hope now other things in pipeline get resolved. High High time for warrants approval and LOC to come through. Waiting for the earlier one to happen so that the other one is put on proper gears now. Unpopular Personal opinion: expect nothing now until the warrants get through. I don’t think we need to go really optimistic until the warrants get through which will open a window for daum and LOC to complete. I am just not going expecting big changes until warrants get approved. As far as specifics of LOC I’m sorry I need to draw a boundary there about what I can write here. We are still under the grip of dark arts of suppression.

    in reply to: General Discussion #10693
    Rathi_b
    Registered Boarder

    The warrants, last time they brought in muskaan board meet to approve it 3rd Dec 2019, the dah got in principle approval from bse 4th March 2020.

    3+
    in reply to: General Discussion #10691
    Rathi_b
    Registered Boarder

    I’m sorry if I am offending peers here, but it’s time we shift gears and make adjustments if the grand master decides to wreak havoc again. We are at a very delicate time right now the next 1 month until April is very important if grand master thinks he can play his tunes and we are going to dance to it again, he is mistaken. We cannot sit and be played. If by April if any developments are not there, grand master should count his days in office. I am responsible for my words and I stand by them.

    in reply to: General Discussion #10689
    Rathi_b
    Registered Boarder

    DH I agree this much that we are pawns in the larger scheme of things. We together can get things done. Personally I agree with you and the longers here in HYD concour with that intricate post. We were and are very careful. I know market is something we cannot on face tackle him but we had requested the things that were done on paper. We saw the papers and documents, which inturn made us concentrate on the material developments. And that is giving us confidence. We are not only just taking him for his word but also with documents. As far as SH we are part of a big game played by the grand master and there is no two ways about it. DH I’ll write this much, the material developments we seek to happen should happen before April. After which we need to regroup and rework of our approach. We have looked at the documents and in that regard we expect material developments in the next 2 months. After that any grand shenanigans by Grand master will not work. If grand master doesn’t decide the end game. We shall make one for him.

    in reply to: General Discussion #10650
    Rathi_b
    Registered Boarder

    I completely agree with Diana here, let’s see what the situated in the next 2 months would be, if things don’t move in a positive direction we shall and should expose the share price manipulations. Like I have said before we expect atleast a few issues to be resolved by April. If it doesn’t then we should change our approach with the company and its management. As far as the deal about keeping the price subdued for the next 18 months written by one of the forum members, if it happens then in it self is an evidence of connivance of the management with manipulators if they stoop to it.

    in reply to: General Discussion #10645
    Rathi_b
    Registered Boarder

    Nope buffet we still haven’t received any reply. Looks like the management has chosen to be silent for now.

    7+
    in reply to: General Discussion #10577
    Rathi_b
    Registered Boarder

    From the documents we were shown, our perspective is that it’s a done deal, we are just waiting for him to announce at his leisure. But we are expecting a lot of positive news one after another. And as far as parent or individual entity I clearly don’t recall but it was in final stages the last time we were there.

    in reply to: General Discussion #10394
    Rathi_b
    Registered Boarder

    They have defaulted and have chosen to remain silent now. Looks like they have turned a deaf ear to our queries. I don’t know what is going on right now but yes looks like they have gone back again on their commitment. Looks likely that we won’t be getting dividend even by 4th. I just don’t understand man, are all these games being played to get the warrants issue done? SKR needs to own up to this. Such a pathetic situation we are in right now,looks neither the exchanges nor the management are really bothered to get it done. I just can’t understand how long will they prolong this issue.

    in reply to: General Discussion #10378
    Rathi_b
    Registered Boarder

    Dear @explorer nothing makes us special other than the fact that we did something about rumours and speculations by directly contacting the management of the company. As far as “confidential” information goes it isn’t really confidential if you go to the office and talk to them. Audit reports, previous financial statements of subsidies, settlement letters everything are on his table for you to go look and assuage your concerns. We at Hyderabad are calm right now because we know this storm will pass and we will have good days ahead. If you want to be as calm as we are the address you have to go is holiday inn 5th floor at nanakramguda. BTW you are to park your vehicle only at b2 and if you are lucky you will find a gorgeous beautiful restored black mustang parked there.

Viewing 20 posts - 1 through 20 (of 165 total)