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Hello guys, please share your thought on YSR garu exit, isnt that management responsibility to update on FA , suddenly posting CFO leaving is not good in this time !! even though he is retiring not resigning, a person responsible for audit is leaving and management not interested to update on FA

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Whyshares is it possible to post the direct link which is featuring brightcom at 4th place, above link opines PDF file not much usefull

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Other stocks which can give multi fold returns are “Suzlon and HFCL”
both are ready to blast anytime..

Suzlon:

Please note that as part of the refinancing proposal, the outstanding value of the OCDs held by the Existing Lenders are proposed to converted in to equity shares of the Company. Similarly, it is also proposed to issue warrants to the New Lender. In view of the same and to meet to the future requirements of the Company, it has been felt necessary to increase the authorised share capital of the Company

During Vibrant Gujarat Summit our step down subsidiary, Suzlon Wind Park Limited, signed MOU with Government of Gujarat to develop 2000 MW wind power project for the potential customers of Suzlon. The work on the same is expected to commence in FY23. Suzlon seeking approval for 900 cr additional shares to lenders\investors so big project is expected to start in near future, so I got into it big time for long term

HFCL: everyday you could see good news flowing for this company, 5g auction starting in May-june..in my opinion we could see big movement in this..also this scrip is one of the shankar sharmaji’s 4-am stock..
This not buy /sell call do your analysis before making any decision

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good to see huge buying happening. one way its good new strong investors with confidence entering the scrip, those who panicked or people entered in single digit partially exiting, strong players entry in this scrip is very much necessary for future strong up move..good luck guys!!!

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The riskiest time to invest is when the scrip looks safest. The safest time to invest is when the scrip looks riskiest. selling quantity drastically reducing , hopefully we could see reversal before 11

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also SKR given some hints that he is cooperating with sebi officials in this regards since sept 21 by supplying trial balances, ledger accounts, bank books of the company; Detailed breakup of the impairedassets by subsidiary; Impact of GDPR law by product; Audit committee and board resolutions,regarding the impairment, etc. so we can guess that audit almost done and only formality of closing with publishing report left now..hope we get the good news asap..sky is the limit after that..

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Until now I am not sure why skR was sharing all documents to sebi or auditor since sept-20 if audit was initialized from last week

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Is it possible for someone in hyderabad personally meet management team of Brightcom?

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I dont think so its sebi expected to learn GDPR, its auditor whom they elected to look into the matter should be aware of it..auditor will submit the report to Sebi..also some of the companies go to court if they find report is not satisfactory

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SKR should publish fully audited numbers of FY21 to immediately turn negative to positive sentiments otherwise panic would continue

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Logan, anyways now it was clarified by management, probably companies need to inform to exchanges once sebi initiate audit..so how do you guys think SKR can handle this situation and bring back investors confidence back?

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1.7 CR sell orders ..Those are probably retailers sell order to whom SKR wants to reward with bonus share and make price affordable, so SKR needs to understand retailers are just panic bunch they wont stay with company in difficult time..to stabilize the price one need to have institutional investors or mutual funds who can understand company audit process

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So now if SKR schedule conference call and confirm concern is only impairment of assets only..then 90% pressure on investors will be reduced and i can bet trading will be normal tomorrow after that

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Deepak, i crossed check with other sebi notice more or less its standard notice..but they have included one thing like focus would be on impairment changes

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https://www.businesstoday.in/magazine/investment/story/impairment-charges-can-affect-a-company-stock-price-131898-2013-08-21

Please read this even Tata Steel had to go through it: and stock price wasnt affected..do you think brightcom investors or sebi understand this?

Tata Steel shareholders got a shock when the company reported its biggest-ever quarterly loss in March. The steel-maker reported a net loss of Rs 6,678 crore for the January-March period compared with a net profit of Rs 203 crore in the year-ago quarter.

The reason for the fall was the company’s decision to reduce the value of foreign assets in its books by Rs 8,356 crore. The write-off, called impairment charge, is a non-cash event that does not directly impact finances of the company concerned. That is why the decision did not hit Tata Steel’s shares; the stock touched Rs 314 on May 29 as against Rs 299.50 on May 23, the day the results were announced.

“Unless there is a material change in earnings, cash flow and leverage, the impact of impairment on a company’s valuation may be negligible. There is no reliable way to forecast the stock movement after a company decides to take an impairment hit,” says Vaibhav Chavan, dealer, wealth management, Equentis Capital.

In spite of this, impairment does affect some ratios used to value companies and, thus, how the market perceives the company in question.

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Suzlon also got notification for audit last year, but we as investors didnt give attention to that notification, trading was normal on that day..like Logan pointed out, in penny stocks people tend to overreact so it would be nice SKR arrange conf call , we know company is not doing anything wrong but this conf will be for those naysayers

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Message from MMB Brightcom Investors group: Since you have an ongoing relationship with SKR for the conf calls, you should take the lead in arranging one now rather than everone emailing him or tweeting. Please add the following questions to what you also may be planning. 1) What date did you reply to SEBI. 2) What date did you start sending data to the auditor 3) Have they audited the accounts of the subsidiaries. 4) Is the audit completed, if at all someone intend to contact SKR please add these questions..

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There are some points to be confirmed to the investors, as per clarification by management it appears to be like auditing already started in sept itself as sKR mentioned they are cooperating with sebi in all respect since sept 20..and now they are going to initiate audit with respect to impairment of 800CR ..can someone email to IR to clarify these things? or probably SKR can arrange special conf call to investors to avoid any unnecessary panic in the market..

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As per my understanding forensic audit already completed, no doubt company will clarify to investors , its good that news was not out in the September 21, investors of brightcom react to it very badly and unnecessarily create panic to bring down the price..SKR was able to bring in sebi registered F!! , that wouldn’t have happened if they find something wrong in the audit..also if they find something in the audit SKR wouldn’t have come to NDTV for clarifying investors ..here we have to notice one thing that company secretary resigned in the month of OCT, do you think he missed to upload on exchange website? just curious to know

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Appears to be like dirty game of operator to pull the price down and slowly accumulate, see sell or buy volume ..there is no need of selling now after so many good news .. operator want to pull the price as low as possible and buy in bulk someday..stay out

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