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Now retailers should think of possibility to make change in management to
save our BCG , remove SKR from MD/CEO. let him handle tech part of company and management should be handled by some more profession person.

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All those who feel that 7K members telegram group which is very much restrictive and only talk positively rather than facts and one sided communication, do join below telegram group. this group is very mature and open for all discussion on BCG

https://t.me/brightcomgroupinvestors

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seems whole management has become inefficient. CEO not able to solve legacy issues yet and authorized group strategy head to resolve daum .. they too still working on that so called done deal since last 2 year… earlier resolution was pending due to logistics issue and suddenly one fine day that its listed in korean exchange ,so payment issue.

CEO authorized audio division head to complete the audio acquisition and since last 6 months( since DD done) , no info yet except we will do this .

No clarity on SHP yet.
No reply to clarification asked from NSE exchange yet and promises are always made to improve CG. Whenever we think that our company CG will not below this point, management shows us that our thinking is wrong .

God knows what’s going on and what independent directors in board are doing

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@rathi_b thanks for your effort. SKR never said that he will not do daum, audio etc.. but taking indefinite time to sort out these. has he given any timeline to sort these out?

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My sense saying the audio deal is not off the track and for face saving, they are looking for another audio deal as since june, we are at same update that DD completed and final negotiation taking place. Mr. chetti is not giving any update in concall, only skr doing now since last 2 quarter..so last audio deal may be now off the track.

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One more adtech company (cyber media research ) listed yesterday at PE>50 and our BCG is struggling even to get two digit PE. A lot of things specially in CG has to be improved to get proper valuation and respect from market.
Commitment made to shareholder in last con call to resolve daum by Q2 end(sept 22) is still open. I dnt know why SKR make promises on timelines when he can’t fulfill.

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sad that even after 8 months(CS) and 3 months(CFO) … BCG using services of them (resigned and retired) employees .. dnt know who advices them all this .. SHP ,FA , bonus delay still somehow digestible ..but appointments and daum negotiation still going on after done deal since years.. There is a limit of everything

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thanks @rathi_b for your time and updating us.

Outcome of this meeting is really a great-2 depressing. Wish i could also had sold much earlier. Right from appointments to, daum(way back done deal still in negotiation, am amazed), media mint ,SHP etc.. just provided a lollipop and assurance to fix these without any concrete timeline.
extremely pathetic corporate governance, everyday i thought that a company cann’t go too low in CG after achieving large cap status, but now am damn sure our BCG will go to small cap soon. very sad to see this growth.

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Hi @rathi_b whole investor community is waiting for your response, please update.

@other members of hyd team, you all can provide updates too.

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Hi @rathi_b and others hyd team,
please update to us once meeting get over. we all retailers are waiting for you guys reponse eagrly

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seeing managment non response and action , i fear that something might be there in FA . As per my knowledge, disclosing of outcome of FA is not mandatory. i fear that soon it will be too late even for management to handle the damage in reputation and market cap. Also after MCA SHP revelation , am sensing that some outsider is trying for takeover .
This is just my views , other expert please share your opinion.

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still remember the golden statemen that we had shorlisted few CFO candidate and will appoint at max by april end

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still remember the golden statement on reason for issuing bonus issue . “Retailers are not able to afford rs200 price of BCG, so issuing bonus to make it affordable.”

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@logan @hw_tw

mismatch is not only in pledged shares, mismatch is there in total promoter holdings too.

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@hw_tw thanks for your post.
so as per MCA SHP, promoter holdings were already very low at end of march 21 and clearly very much different from what released to exchanges, am i right? if true, then we shareholders are kept in dark since long by management and nothing can justify this poorest act of corporeate goveranance.

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isn’t strange and fishy that still CS and CFO appointment are pending? CS post is vaccant since last oct and CFO since march even after knowing in advance that fellow will retire in march 22? or none is ready to accept these post in BCG?
any views of members @logan and all

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Reply to post#14083

@hw_tw please check all promoters holding in that MCA shared website as of 31st march 2021 which is uploaded on mca website on 20th May 2022 and the shareholding provided at bse/nse exchange as on 31st march 20201. You will know what i meant.

@hw_tw you have to check promoter holding in same document which you had mentioned list of 66K shareholdes. please check all promoters holdings in that document and cross check with what is released to exchange.

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SKR in his below tweet

We sent the following notification to the stock exchanges regarding the bonus shares issuance and credit. Do expect more updates from us in subsequent days. #Brightcom #BrightcomGroup pic.twitter.com/Sl4SfSdsf4

— Suresh Reddy (@suresh_66) May 12, 2022

mentioned that ” Do expect more updates from us in subsequent days.”
Does he is indicating for updates on bonus only or for other good development/surprises too.??

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@diana_horton DH, hope you are doing good. it has been a long time since we hear anything from you since run up started in BCG.

How do you see future and EPS growth here and other things.

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Dilution pe dilution…aakhir kab tak or kitna hoga dilution

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