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It seems, the auditor is the main reason behind all these wrong doings.Below is my understanding based on past events.
As Ybrant Digital, the company was doing very well till 2011/12. Once they reverse merged with LGS global, all the issues were started.
This auditor was the man behind this merger and this was a failed acquisition as Ybrant had to pay to LGS more than it’s worth and they had to write off around 150 crs(don’t remember exact amount) after this merger from the books of LGS global. So Mr SKR felt he was cheated. And then this auditor suggested all these frauds to SKR.

[T9C]

@brightspot
Threads is a new app from meta like twitter, and that bcg tweet about threads is like, we (bcg) are on threads that means they might have just created account in threads. This is my understanding.

[T9C]

Thanks @Sagraa, Dividend TDS is now showing in form26AS from yesterday, last week it was not there.

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I think this is final report as per below point.

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   F5EA2A1B-8377-4779-A847-358D3BE41930.jpeg
   

[T9C]

Attached Shp reduction as per sebi report.

Attachments:

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   httpsbrightcominvestors.comwp-contentuploads202304Interim-Order-cum-Show-Cause-Notice-in-the-matter-of-Brightcom-Group-L.png.png
   

[T9C]

@vkhare789,
I have one observation related to your points.
As per sebi report, promoter share holding started reducing majorly from sept-2015 to 31-mar-2021. What is the bcg share price during this period? It’s almost around 10rs. Where did they pumped up the price during this period and made huge money by selling shares as mentioned in the report?
I am not supporting here promoters.Yes, they made many non disclosures but this is my observation.

[T9C]

It’s clearly mentioned in the letter that promoters pledged their shares and it was executed and shares transferred to lenders. So I don’t expect those shares will come back. And also people are creating an impression that promoter holding will be 35% in next SHP. If it is still 18%,then make it as reason and again create negativity. Price is already down from 120 to 30 and all negatives should already be priced in. So expect promoter holding as 18% only in next SHP until they buy the remaining llps or buy shares from market.

[T9C]

@admin,

you read my post(0#7843) again, it was about informing exchanges. They can post many things on social media.
My point was why did not they inform exchanges immediately once they launched it.
Do exchange rules say that listed companies can inform about any development after it becomes success only or whenever they want?
I was just exposing the issues based on facts, Why you are not allowing even small bit of criticism?

[T9C]

@logicalspeak,

Pisipati is not CEO of Edgecase but MD of Trayan.in, this is recently launched.

Not sure if he is still with BCG.

[T9C]

Its never ending onslaught, as someone mentioned in mmb even covid-19 has some kind on people, but this does not have any mercy.

[T9C]

We all discuss and decide to ask questions in call about the investments, growth, receivables etc. But they will create a new issue during the results and we all will be shocked with that and forget about above issues and just concentrate on this new issue.
This is what happening for the last 4-5 years. And they will not reply to any of our questions.
And in one of their presentation, they mentioned buyers are lined up for Oak shares, but Oak is selling in open market, how can they inform exchanges such false information?

[T9C]

How can a public company hide it’s investments and reveal it later whenever they want? If you see latest clarification sought by nse reg: B-local notification, they asked when was it launched? And BCG replied 3 months back. why did not they inform when they launch it?

[T9C]

Dear @headstead,

Thanks for detailed explanation and it gives lot of confidence.

I have one doubt. We all know that Online Media Solutions (aka ‘ORIDIAN’) is 100% subsidiary of BCG. Recently there is a website with ‘www.oridian.com’ is up and claims ‘Compass’ is their proprietary technology.

I am sure that this website was not working a year or two years ago. This logo is similar to old OMS Oridian.

Do you have any idea about this? who is operating this now?

Thanks in advance.

[T9C]

See in the latest presentation, the number of shares also they mentioned in $. They should take care of these small mistakes.

[T9C]

Thanks Saul Goodman for explaining.

[T9C]

And these loans are from LGS, and they mortgaged LGS properties. This is why I think shares might not be pledged with these banks.

[T9C]

I don’t think any shares are pledged with these 3 banks. If pledged, why they will agree for OTS. They could have sold it in market right.
This is my opinion, what do you say?

[T9C]

Is the decrease in pledge due to increase in share price? Or really released, we don’t know.

[T9C]

Please add below question also.
1. Complete information about pledged shares, in last 2 con calls he said he doesn’t have info in hand. With whom they are pledged and when they will be released?

[T9C]

Since it is in T2T, they cannot sell intraday. But how did they sell that 1 share? They might have bought before also.

[Author]

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