Investor Awareness:--
1)
#Akshoptifibre was highlighted as a #multibagger in many research firms reco:s back in 2018-19 period exactly when the stk was peaking out. A pure fundamental play for many but the company was going from bad to worse. Pls have a look at the chart below.
1)
#Akshoptifibre was highlighted as a #multibagger in many research firms reco:s back in 2018-19 period exactly when the stk was peaking out. A pure fundamental play for many but the company was going from bad to worse. Pls have a look at the chart below.
2)
No respite..These are back again. Scams through fraudulent transactions, shell co:s, undisclosed related party transactions & the wholly promoter+auditors tie-ups. In normal scenario the independent director would be a mere spectator, this case is a little different..
No respite..These are back again. Scams through fraudulent transactions, shell co:s, undisclosed related party transactions & the wholly promoter+auditors tie-ups. In normal scenario the independent director would be a mere spectator, this case is a little different..
3)
Mr.Arvind Gupta the independent director deserves a pat on the back & a honorable mention. With out his effort this could have just kept continuing... Thanks to @moneycontrolcom @Dinesh_Unni for bringing out the same in public domain.
moneycontrol.com/news/business/…
Mr.Arvind Gupta the independent director deserves a pat on the back & a honorable mention. With out his effort this could have just kept continuing... Thanks to @moneycontrolcom @Dinesh_Unni for bringing out the same in public domain.
moneycontrol.com/news/business/…
4)
The issue with such scams are its time consuming & by the time the clarity emerges the share holders would have lost their hard earned money in the stk. Also the problem is the legal authorities turning blind eye and it will take a while for them to realize the whole episode.
The issue with such scams are its time consuming & by the time the clarity emerges the share holders would have lost their hard earned money in the stk. Also the problem is the legal authorities turning blind eye and it will take a while for them to realize the whole episode.
5)
As an investor what should we do to avoid ( at least minimize) such situations happening to us....
We have always made sure to follow the below basics...
~ Promoter stake increase or decrease ( Here it has fallen down to 25%)
~Related party transactions ( Exchange filings)
As an investor what should we do to avoid ( at least minimize) such situations happening to us....
We have always made sure to follow the below basics...
~ Promoter stake increase or decrease ( Here it has fallen down to 25%)
~Related party transactions ( Exchange filings)
6)
~ Auditor remuneration (abnormal hike)
~ Provisioning for doubtful debts above 6 months.
~ Continuous loss making by overseas entities & regular fund infusion.
~ Change in miscellaneous expenses in proportion to over all revenue.
Some of the very few....Have a safe investing.
~ Auditor remuneration (abnormal hike)
~ Provisioning for doubtful debts above 6 months.
~ Continuous loss making by overseas entities & regular fund infusion.
~ Change in miscellaneous expenses in proportion to over all revenue.
Some of the very few....Have a safe investing.
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