sanju351 wrote:..All the other Resolutions Passed ..Except Subdivision ..
Chairman - CEO - explain his vision and said the new board is doing a lot to turn the company to a Dividend Paying Company within next 8 -10 months ...
They are going to introduced a all new multifunctional Web Site ..
They are participating in world Gem & Jewellery Exhibitions to get to know more buyers and partner companies ..
SLIC one of the major Share Holder who had sent a Proxy stated that they are against the Subdivision & around 48 % Share holders were presented at the EGM ...99 % of them voted against the Sub Division ...
Board said that intention of the board to write off accumulating losses is to pave the way to declare a few cents dividend at least to the Share holders ....
He requested the share holders to give the new drivers at least 08 more months ..
If sub-div would've happened then it would've given the ppl who bought BLUE.X for 0.10-0.20 to cover up by selling at 0.30 at least, but on the other hand it would've diluted the share price hence wise men didnt want it to happen..
SLIC's involvement is questionable as to why they've got into this mess by buying shares..
CEO's say they can do miracles.. I'm happy if they turn up to a company which would pay 0.10 cents div in 8 months.. But after wiping out losses by reducing capital, their best best is to have some money for any future investments so better they hold at least another 6 qtrs without dividends even if they could (which I doubt).. Its nt easy making a loss making company profitable as they say..
sanju351 wrote:
I still Love Blue ...I still think it is a hidden GEM...
I think its totally hidden, very difficult to come up.. Lets check after 8 months and see how it has done...
sanju351 wrote:
Yes ...Now that we have written off all losses balance sheet will be a positive one ...
Directors very clearly stated that they want to pay a small dividend by end of the year ..
WE'VE WRITTEN OFF?? Were u the accountant? LOL... Cat out of the box..
sanju351 wrote:
They are in touch with most of the world brands ..
Singapore subsidiary for retail sales was with a minimum cost ...
A fully pledged web site will be out within next 2-3 months where the customer can request the design and more and more
Demand from USA & middle east is on the rise..
All out dated diamond stock being collected and being sold out generating huge amount of revenue ...
..Lest see .....
Do u have any sources to all this magic talk? Were these told in AGM with enough facts? If I were u, I'd consider this a grain of salt..
sanju351 wrote:
SLIC is active and they are the ones who opposes the subdivision right from the front ....
ECL & SLIC ...is involved in ...
SLIC should be wise.. They might've not wanted the share dilution to happen in big time..
sanju351 wrote:
I respect the forum guide lines and regulations ..but not pandiths like you who think that they are allways right ..F..off man .. :
If you continue in this attitute, I'm sure ur looking for a ban on both IDs.. And probably we'll have to ban all ur alter egos too..
Be cool and respect others.. It isn't obvious that ppl still remember ur pundit talks abt BLUE and how well it was welcome in the market.. U can see looking at the price now