[vkhare789]

Hi Logan,

Appreciate your thoughts however, I have some disagreements.

Just by changing name or website, ownership can not be changed. I agree, may be they are changing name to get out of bad name of brightcom that SKR created.

Truth is that in the end, we all have some ownership in OMS and that ownership can not be changed by changing name or splitting business.

[vkhare789]

What does this mean? not very clear to me.

[vkhare789]

I don’t understand how financial results can deteriorate. All the subsidiaries have independent management and CEOs. Brightcom group may not have CEO but Brightcom subsidiary has a CEO and there should be no impact if SKR or Raju leaves the company.

[vkhare789]

Any idea how can we see 187 page application to SAT? I tried to look at SAT website but couldn’t find much.

[vkhare789]

Data from morningstar. Does this mean that foreign funds/institutions are holding 10% of BCG?

Jan End
Funds – 67.87 million
Institutions – 75.87 million

Apr end
Funds – 72.81 million
Institutions – 82.75 million

May end
Funds – 70.54 million
Institutions – 79.28 million

Sep End
Funds – 94.73 million
Institutions – 108.46 million

[vkhare789]

Hi Logan,

I find it hard to believe that other BOD and management would not have known about Reddy’s sins before SEBI’s show case notice. I am sure that there would have been other people involved as well.

Peshwa’s main interest is to make money through his other ventures. If he was responsible enough, he would have alteast taken a post of interim CEO but that did not happen. I agree that he may leave his current position soon and will focus on his other businesses.

I personally feel that the opportunity and responsibilities of next CEO are immense. If someone responsible can bring BCG out of this mess, he/she has a great future ahead of them. There is less to loose and more to gain for upcoming CXOs as worst is probably over now.

[vkhare789]

@nidhirajesh
Point well put. We should definitely try to do that. But question is- who will take the lead on this and what are the correct steps to take this to execution?

Not just PMO, we should add other important entities on our list too.

[vkhare789]

Good to see improved and new website of ‘brightcom’. https://www.brightcom.com/

However, website of ‘brightcom group’ is still boring. https://www.brightcomgroup.com/

Also, good to see Brightcom’s position and market share in Adauth. https://www.adauth.com/exchanges/brightcom.com

Data at the subsidiary level suggest that this data should ideally be correct and there is less chances of manipulation. Problem is at the group level where corrupted management took selfish decisions and put investors’ interest at risk.

[vkhare789]

6.5 crore shares bought in few minutes today and share is now in uppper circuit. Something big might be on the way…

[vkhare789]

After the news of 2nd interim order , I was highly stressed for number of days until I came across this video which helped me to calm down. I hope it helps others as well on this forum.

[vkhare789]

SKR is good for nothing my friend. There is only one place for such criminals which is behind the bars. A sick and greedy mind will only think about their own benefits by harming others.
If such subsidiaries are able to operate on their own, then why do we need super qualified person for CEO position? we just need an honest person who, along with CFO, can report consolidated numbers correctly and someone who is investor friendly.

[vkhare789]

Not yet Logan. I tried to call them but no positive response. Will try to visit early next week.

[vkhare789]

Anyone interested in visiting SEBI office in BKC, Mumbai, please let me know. We can visit together and raise investors’ concerns.

[vkhare789]

Hi Logan, Any thoughts on below?

As you know that retail investors have more than 60% of ownership in this company. Do we have power to elect board of directors who can take decisions in favor of shareholders? I think that current BOD would be inclined to choose CEO/CFO who acts in favor of Suresh and his well-wishers. Please suggest if we can form a group. We can vote for BOD change which would be beneficial for shareholders. Please suggest if that is legally and realistically possible.

[vkhare789]

Hi Logan,

As you know that retail investors have more than 60% of ownership in this company. Do we have power to elect board of directors who can take decisions in favor of shareholders? I think that current BOD would be inclined to choose CEO/CFO who acts in favor of Suresh and his well-wishers. Please suggest if we can form a group. We can vote for BOD change which would be beneficial for shareholders. Please suggest if that is legally and realistically possible.

[vkhare789]

Element of hope in times of adversity

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[vkhare789]

In summary, SS meant that reddy is even more shameless than a pornstar

[vkhare789]

Probably he paid all debt so that debtors atleast wont run after him in this situation. Else, he will have no choice but to leave the country like Vijay Malya. Plan was to trick and fool equity investors.
I think, everything was part of a well thought plan as in how to fool gullible retail investors. Obviously, big investors won’t invest in the firm. Bonus issue, getting a popular investor(shankar sharma), mediamint aquisition and then cancellation, quantum computing and now AI. All of this done to lure retail investors because contrary to big investors, retail investors get fancied by these events/terms and they ignore important issues which firm is actually facing. Everything was well planned and well thought sir.

[vkhare789]

35 lakh shares traded through Bulk deals today. All of these deals are happening on BSE and not NSE. May be buyers don’t want to get noticed as most of us refer to NSE data.

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[vkhare789]

Hi Logan/members,

Is there a way we can reach out to management and ask them to conduct a investors call for clarification of this matter?

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