Forum Replies Created
Dont worry about few Lcs, i personably think its good decision, also I strongly feel they are in process of another acquisition and they will be disclosing when it is complete in all respect (consummated*)4+
BIG NEWS Follows
August 31, 2022
BSE Limited National Stock Exchange of India Limited
P. J. Towers, 25th Floor, Exchange Plaza, Bandra Kurla Complex,
Dalal Street, Mumbai – 400001. Bandra (E), Mumbai – 400051.
Scrip Code: 532368 Symbol: BCG
Dear Madam / Sir,
Sub: Brightcom Group to set up a new division focusing on “Quantum Computing.”
Brightcom Group has decided to enter the “Quantum Computing “domain. As a first step, it would set
up a dedicated lab in San Francisco Bay Area, California, with a team of Quantum Technology experts
across the Globe. The objective is to advance Quantum computing technologies for AdTech and other
digital marketing requirements of the company.
Quantum Computing has an immediate use case in many of our domains: Search marketing, social
networks, constructing quick persona & profiles, Ad tracking, Web analytics, campaign simulations
and such. Quantum computing can reduce the time and resources required for the global ad-tech
industry by manifold. With technological advances in hardware and software, we believe Quantum
Computing is at the cusp of an explosion. Thus, it is an appropriate time for the investment to create
future growth engines for the group. It represents the next frontier for technological innovation for
This new division, BRIGHTCOM QUANTUM, will be led by our President of Group Strategy, Mr Peshwa
Acharya, an IIT Engineering graduate.
Peshwa brings leadership experience, built over the last 29 years across FMCG, Retail, Telecom,
Technology, Ecommerce and Hospitality domains. He is an alumnus of IIM Calcutta & IIT Kharagpur
and has worked in various cities in India and across Asia and Africa. Peshwa’s corporate journey
includes working at P&G, Reckitt, Pepsi, Dabur, Reliance Retail, Globacom (Africa) and Sterling
Holidays (A Fairfax company). Later in 2015, he was handpicked as the first CEO of IIT Bombay
Research & Innovation Park (ASPIRE).
Quantum Computing: A brief background
The origins of quantum computing date back to 1981, the same year IBM released its first personal
Quantum computing is based on the fact that quantum-mechanical phenomena, such as chemical
reactions and the flow of electrons through semiconductors, are best simulated with machines based
on quantum mechanical rules. Also, compared to ordinary computers, quantum computers have the
potential to do calculations much, much faster. Standard computers store data and perform
computations using bits with only two states, either one or zero. On the other hand, a quantum
computer uses qubits, which can be one and zero, simultaneously until they are measured, at which
time their states become known. Therefore, the total number of states doubles with each added qubit.
One qubit is two possible states; two is four possible states, three is eight, and so forth, which leads
to an asymptotic increase in the states it can represent.
In the future, more robust, powerful versions of quantum computers, which exploit the properties of
matter at subatomic scales to significantly improve processing power, could revolutionize
computing, encrypt data, and investigate some of the most mysterious aspects of nature.
We believe thatthe super combination of Quantum computing&Artificial Intelligence would leapfrog
and disrupt existing methods, businesses and tech domains.
This announcement is made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
Request you to take the same on record and oblige.
for BRIGHTCOM GROUP LIMITED
Logon thank you very much for wonderful analysis in this forum, however today I realized that this share performance is in the hand of operator network, whenever they want they can bring this scrip to UC and LC visa-versa, we are in the mercy of Operators. Todays large deals will give you some insight how powerful they are.there is no of use of any analysis (good or Bad) you guys provide in this forum, even SKR wont need any help from retailers as he was able to hook big guys even though he praise retail investors in conference call . He is able collect the funds necessary for his acquisition..so basically he wont care for any of our emails or calls..FA is nothing.. suzlon FA is going on for more than year so its left to organization to provide the outcome of FA ..its not mandatory for any companies to provide outcome to public..I believe bull run will start shortly once the operators snatch maximum possible shares from retailers..i dont think those FIIs or Shankar sharma will exit in losses..This is my Last comment in this forum thank you very much Admin for opportunity to express myself..no doubt this share will surpass previous high but dont forget book profit in regular interval..good luck to all
In the month of August (lockin till august 30) we might see major sell off because those preferential shares (allotted to 54 non promoters) going to be out of lockin period ..so I believe this is the planned selloff now to avoid huge sellof in the august..there is no block deals today, so we might need to wait till 3-4 Lcs for reversal looking at the sell order..this is just my view2+
I’m wondering if preferential shares allotted at 7.7 rs came out of lockin period, can anyone confirm?2+
shankar sharma is live on CNBC at 2.30PM hope someone ask about brightcom and he talk something positive about it3+
Still remember those golden words “we are hiring more people in investors relation to improve the response” and now our system is not equipped to take 3 lakh emails we will bring in system within a week to reduce the response time, now no one respond to your email no one there to pick up your call6+
hw_tw, SKR is not going to appoint any CS or CFO, they are helping him from outside but not willing to join company so you can understand the situation here,As promised in the con call there is no revised SHP, not sure what was the purpose of creating employee Trust for acquiring shares , if you can not acquire now at this difficult time when u r going to do it? ..promoter sold 22lakh SKR dont even properly how much it is and they dont even bothered to inform to exchanges until now..now long term investors should contact Zee business and put pressure on him8+
I believe CS and CFO scared after sebi initiated forensic audit, CS resigned in OCT wherein he got sebi notice in September, CFO resigned after FA process is confirmed by Sebi..Sebi will put heavy fine to CS if there is a lapse in disclosure , suzlon CS had to pay 5 lakh fine for not disclosing order win..they dance to SKR tune but any more after FA initiated..SKR seems to be more worried investors panic would start if they disclose such things ,
note: this is just my view5+
And the response given in the conf call by Mr reddy for appointment of CS and CFO is so vague..so i believe there is no appointment of CFO or CS, its like” Daum issue closure within week” since 1 year, LOC and Nasdaq listing lol ..now also investors relation do not pick up call or reply to your email, excuse given few weeks back was high volume of call email due to bonus credit delay4+
Can anyone confirm if Brightcom excluded from Alpha 50 index, so delay in clarification from management erode market cap day by day2+
Logon, As per recent disclosure promoter holdings is only 18%, SKR did not sell any share and he acquired shares from LLPs, it should show us increased Promoter holdings correct? What SKR is hiding or why he is hiding? any guesses?4+
@Logon man industry did not send his CFO to home during FA, even kid can understand what could be reason for sending him during FA, market wont take such things lightly,
also all know that why bonus was issued second time just for sake of Shankar sharma and he told that it was issued for retail investors benefit, so as per my understanding nothing is happening in forensic audit, I’m sure that if you open case with SEBI they will reply to that saying FA is on hold. Conference call was very vague this time, only his friends were allowed to ask question..this is just my view7+
@odysee i am very disappointed by the way con call was conducted today,none of issues were resolved.. all pending issues are still pending. he told again daum closure would take another 2 quarters . it appeared to be like those who will always post positive tweet are allowed to ask questions, however that was only my view i might be wrong also. In the acquisition there is buy and sell, SKR acquired shares from LLPs , how that transaction took place is a mystery, can someone throw light on it?
or those llps are originally owned by SKR himself?
guys sorry for dragging same topic, in the conference main topic would be on FA and appointment of cfo asap..as per my knowledge and experience sebi will put on hold FA process for ever if they dont get the required documents and response from CFO, i guess nothing is happening on that front without CFO (forever FA will be in progress)..what was the urgency to send cfo before FA? you can see in the case of suspended companies sebi is not revoking as they have not received required documents even after 7 years..
Share price end in LC even after blockbuster result and/ or even after announcement of 30p dividend , SKR need to understand to become global company of repute transparency and good corporate governance very important , otherwise we will be dreaming about brightcom become largecap for ever5+