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So OCB plus nri now is 14.57%. interesting3+
Please vote whatever be your preference, you’ll see mail from aarti consultants in your mail box. But please vote4+
Let’s hope they give us something back. Hehhehe man I hope next dividend us not 5 anna. We have to see how the company’s business does in the next 2 quarters to properly get an idea of eps.4+
@Logan and others we did speak to him at length about it. Yes there are details that cannot be spoken in a public forum. But my friend read between the lines you will see something that doesn’t meet you eyes in the first glance. I’m happy to state that we are at the tail end of all the issues. My advice to everyone keep this one for a while, we are going to have a bumper 2021, I stand by every word that I have written. We did have discussions on other topics as well but it is not the right time to talk about it. Please be patient with me there is only that much that I have already written that can be presented on a public forum. But hold on to your stocks good days are now just a few days away.
The third meet between brightcom investors forum’s representatives with SKR.
Date: 16 Dec-2020.
Today we had met Suresh at his office chamber to discuss the issue of the recent warrants, LOC and Daum specifically.
We asked him as to why they came up with the issue of the warrant now. To which Suresh told us he had done it with foresight and keeping regulatory and legal aspects in mind. He assured us in due time, our fears about the dilution will all be allayed. We spoke to him specifically about Parth Bhavesh Zaveri to which Suresh has assured us that there won’t be any manipulations as feared.
Regarding Axis it looks like only a few modalities are left in this regard as the matter is sub-judice, he explained to us that this situation with axis loan is at its final stages of the settlement now.
The LOC now increasingly looks more likely than ever. We are hopeful that we could see it get operational in a little while or after the holidays season is done. We were shown specific documentation about it, and we were very satisfied with all the progress made.
Regarding Daum, Suresh assured us that he would be on it the next day the LOC is approved.
My patience will runout after the AGM. They need to give strong updates on LOC and Axis before that. These charades of preferential warrants needs a strong reassuring answer and if any we are going to strongly confront him with this Zuber Zaveri nautanki.
Let me make it very clear to everyone that if this meeting doesn’t allay our concerns, our approach needs to take a 180 dive. We cannot be made fools of with these unnecessary “forward statements”. New year with new approach is what I strongly believe in. I hope I have made my intention for the meeting very clear. Any stupid audit report or functioning capabilities of the company can take a back seat for this meet.
We will however discuss about it( warrants) with him. If any other important questions please put in.7+
We have requested for a meeting with the management and we are waiting to hear back. Will update as and when any developments occur. Please put in all the questions and make a proper list to discuss in the meeting other than preferential warrants.
Finally day of acknowledgement. Should say you put a lid on it too long my friend. Was expecting this a little earlier. And I’ll cosign with you on it. It’s always been a privilege to be here and have good polite sometimes disagreement with you( something they are missing and do not know the value of).
Logan, man what else can we do, ask for one more meet? What would be the output is anyone’s guess. But I should tell you my patience will runout after AGM. We need to a new approach if the management doesn’t inculcate our burdens in their considerations. Just be patient till AGM. Just be something big might happen fingers crossed.
@jmathew brother that is a steep curve upwards. I agree ideally we should be looking at that figure which you have so logically put, but the problem with BCG is it has never had a good PE. This can attributed to the fact that the company had never previously properly made an effort to reduce the liquidity to less than 15%. From the present position of more than 60% it looks very bleak. I hope a few investors genuinely engaged in the online Business are brought in and more than that an emphasis on future technological advancements and sustenance is made. Because the one thing that the market has never seen in this company is stability in its managerial decisions, it very important for this company from now on. The last I can recollect the company had it a maximum valuation of 800 million dollars around 8-9 years ago. If the company shares start rising now we will see regular profit booking atleast for the next one year because it will be a test for the management to keep the boat afloat and not rock it again with any other mishap. So if your price( which I really hope the stock achieves) we are looking at a time frame of atleast a year and a half to start moving to that trajectory and maybe after 2-3 years we see that number. In all the stocks that have come out of trouble there is a lot of profit booking happening after a little while( here I think once it reaches its book value) because it takes time for the company to earn confidence of stable investors. After that a steep price correction and again an upward trajectory. And it is going to have atleast 4-5 cycles like this and during this time the strong big hands enter into the market who will reduce the liquidity to help the company grow. Remember the g gang has the biggest triumph card here. It is their whimsical trading that will decide what the price will be for the next one year. I say this because if they go on an adventure ride to increase their share by shorting the stock regularly we will not see a desired price movement. The immediate responsibility of the management should be to facilitate their exit even if it happens at higher price.