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Now, SKR will strip all overseas customers and move them to his unlisted companies and BCG will be left with loss making Indian operations.

SAT should have allowed SKR to work till some alternative arrangements could have been done.

He is a US citizen and SEBI can’t touch him personally.

Let’s pray to god to save us.

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Dividend TDS gas been deposited. I can see it in my Form 26AS.

Please check for yours also.

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I also the dividend and TDS is not reflecting in form 26AS.
I wrote to IR but didn’t get any response.
I wonder if I have to pay this tax again.

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SKR said consolidation promotor stake. Any guess what he is referring to and who will be added in promotor category.

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@vgsatworks , I am also of the view that PW is an eyewash. It was ment for the purpose to scare large shareholder sell their holding and clear the way for promoters.
LoC is already secured and perhaps it will be disclosed at the right time.

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I have voted from my 2 main accounts.
Mail is from aarticonsultants .

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I always supported and believed SKR but this time I am sure his action of selling warrants to these 59 people is not in interest of either the company or the shareholders.

He should have allocated these to promotors only or one or two dominant market po players.

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Once again my guess we’re proved wrong.
I was of believe that SKR will increase his stake but it seems he is in a desperate situation and has left with no other option but to sell the company to 59 unknown people.

LoC is not approved since Axis case is pending. He has to pay Axis and Daum. No-one would lend him so he left with no other option to sell this company. None of them is a known or reputed name.

Once again he failed to keep his promise of getting stable investor.

I think for next 18 months, price will be suppressed to a level below 5 so as not to allow these 59 people convert their warrants otherwise SKR will loose control of BCG if all warrants are converted.

Strange to see that , some of these investors are being allocated 50k warrants also. He could have asked us, we could have also applied for few lakhs warrants.

I can just hope for wellbeing of my invested money other nothing substantial on ground.

This is the height of desperation.

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SKR knows that Axis , Daum and LoC are almost there and it’s time for inflection or J curve to start.

Considering this he is allocating 34 Cr warrants.
He will break it in three almost equal parts.
One for himself.
Second is for Mr Vijay Kachnara
Third is for a well known investor who has excellent reputation in Indian market.

By doing this promotor stake will increase to 50%
and by the reputed investor inclusion various financial channels and experts would cover BCG. Price would increase automatically.

SKR knows that now price can’t be suppressed and he doesn’t want to drain fruits of his hardwork in someone else pocket.

Later, couple of years down the line, he will insist BCG to buyback shares and reduce overall equity and increase promotor shares to 75%

This is a likely scenario and overall very positive.

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Only wishful thinking is that he will allocate these warrants to himself and couple of years down the line company does share buyback to reduce equity.
If this is the case then it is extremely positive.

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It’s a desperate attempt from SKR. It seems that LOC is rejected and he has left with on other option.

But nothing to in loose as price won’t go down and purpose to keep price low is completed.

Now company performance will increase with this new money and with diluted equity it should attract pe of 10 after resolving Axis and Daum.

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@Admin, Please share your CV , I would try in.my organization.

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Welcome Head..

This forum would give us an opportunity to interact with you.
Moneycontrol is not the same what it used to be 6 year back.

Welcome again..

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I think write-off means writing off all the investments which didn’t work well like :
1. Lycos life
2. My SMS acquisition
3. Aollo Lycos initiative
4. And many more.
We already know these initiatives backfired and money invested in them has evaporated and will not come back.
As a cleaning exercise they are consolidating all of their bad investments.

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From last many many years, perhaps this is the time when things are moving in right direction and also SKR is doing right stuff.
Increasing conf call duration to 2 hours in itself is a big indication.
As per me, he answered all the questions to the best interest of shareholders considering Daum and Axis issues are still waiting to be closed. Disclosing more would give an edge to Daum and Axis and will drag issues further. We have already seen what happened with White Oak.

I am very confident that my investments would become profitable though I have very high average price.

A little bit of time and patience is required. I am very confident.

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First BG started singing BCG , BCG and then immediately turned negative.

Then came Hitesh, open a WA group, colleted our personal and holding details and then turned negative about BCG.

Latest is Shoumik, after presenting extremely good fantasies about BCG , turned negative when things have started to looking good.

Conclusion is that we cannot rely on anyone of these. They all have personal agenda of buying and selling BCG for small profit and using retail investors for this purpose.

It is evident that now all these people want to increase their holdings and therefore the reaction.

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Somehow, I feel mode of payment would include BCG equity as well.

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This is the first bold step taken by SKR.
Informing exchanges about the progress of various ongoing issues like debt, Daum, etc. shows that what he said in last conf call was all true.
Progress is there on all fronts and there are limited days before share price go beyond 10, 12, 18, 24, 32, 40, …

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I believe in BCG long term potential and would utilise this opportunity to add another 25k at around 5.

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This situation is not good. It will give us another chance to buy at around 5.
I think he is not able to convince potential buyer to pud funds. Otherwise there is no reason for delay.

[Author]

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