[Rathi_b]

Axis bank closure likely to take a few more months. He is just trying to fight for a reasonable amount of payment. Axis is claiming more money and he is doing what he should do in court, I’m confident about that.

[Rathi_b]

Change the circuits, it will help.

[Rathi_b]

*Atleast be patient till March.

[Rathi_b]

Anyways I think we should just be patient till the end of August for the good news to start trickling. I’m hopeful that waiting till September or October would be very fruitful and after that I think the realisation of the stock value will start to happen. Long game ahead and it is just a matter of time till the shorters exit the stock. My intention is to atleast be patient atleast till March.

[Rathi_b]

But in the order it states that they are keeping the money untouched in the account until DRT comes to a resolution.

[Rathi_b]

Hello the bcg vs axis case in nclt has passed an interim order and has postponed the application to be heard for 28.Can anyone please make sense of the interim order. It has been uploaded to the NCLT website.
Thanks.

[Rathi_b]

@sandy316 the document regarding the hearing on 9th will be out this weekend and we will know more about this axis case. It looks to favour brightcom so I’m happy, but not jumping the gun the documents relating to it should be out by tomorrow or day after. I’ll update accordingly and hope things work out for the company and us.

[Rathi_b]

Axis case has been accepted to be heard as urgent appeal and had been heard on 9th of July and the details of which have still not been placed at the website of NCLT. If anybody has an update regarding the hearing on 9th of July please let us know.
Thank you.

[Rathi_b]

Btw don’t engage yourselves there. Just watch the comments by the many new people and enjoy, because that place until a few months ago was completely in wilderness.

[Rathi_b]

Hello, do you have a premium account? Because I don’t have that problem there. Every message I post gets uploaded in a few minutes.

[Rathi_b]

Tomorrow there is axis hearing again scheduled, so let’s see if their is going to be a nail in the coffin for atleast one of the issues. High probability that nothing changes tomorrow but let’s see. And anything about analyst meet, thank-you.

[Rathi_b]

@admin, I would like to digress a little and mention that there are a lot of manipulations in this stock because of the 5% slab in the equity market. Don’t you think it’s time that the company takes hold of this situation and minimize the influence of market manipulations and forum manipulations ( others). Because I as an long term investor I want the stock to see minimum pump and dump here. It pains that all so called technical analysis of price as it plays to the anxiety of geniune long term investors like me. Don’t you think revising the slab will bring stability to the equity of the stock. Because a stable equity position will help people like us in better understanding the position and potential of the company in general.
Thank-you I would like to know what you and others think of it and maybe correct me if I am looking at the situation in an innocent way.

[Rathi_b]

Thank you @admin for the info.

[Rathi_b]

Thank you admin for the post. Hope you will put more articles with regard to the functioning of the group and their various disciplines. Can you please help me in understanding what their AI initiative and Lil projects is all about. Forgive me for my lack of knowledge but I really want to educate myself regarding the technical aspects of the group a little bit more.

[Rathi_b]

Hello Diana and thanks Saul for this discussion, I think that giving dividends shouldn’t be priority now during covid times rather a proper audit by BDO would bring a lot of interest in this scrip. Considering impairments and pending issues like daum which may now take sometime and also the axis bank loan which is scheduled to be heard on 8th July I would have rather liked the company to not have given any dividend. Maybe the next quarter when one or more of the issues are settled, with good quarterly result dividend would have had much better influence on the stock price. The company has already been stating that they are witnessing surge in ad traffic amongst others, hence I opine maybe dividend after 1 or 2 quarters would have been fabulous. For now a BDO audit should be done for the parent company.
Thank you

[Author]

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