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TC
your post is addressed to the following
help.c.n.b.c, helpintime, help me please, radhika_nandlal
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lol...
As soon as I decided to diversify my investment portfolio with the upcoming IPOs of Energy/Power Cos in the pipeline, to my disbelief I received this notice comprising of `Letter of Intent` and court proceedings to clear pending government loan dues in respect of mortgage clearance. The loan however was taken long back by one of my elder brother`s friend who introduced me to nitty gritty of stock market and technical tools of international securities movement on Asia and other wetern financial markets.
On scrolling through all the documents related to this show-cause notice, I almost went numb on finding the signatures of undersigned having been forged with. With no other mode of impunity visible from this legal wrangling I agreed to pay all the dues to save him from immediate humiliation.
The only relaxation offered to me was I could also make the payment either in American USD or Euro (as german Deutsche mark has gone off-markets since Jan 1, 1999 ). The notice further said in case of obligation is not fulfilled in time-bound frame, my virtual cyber cafe shop could be put on auction along with sealing of my trading rights as damage-control measures in lieu of settlement proceeds.
This has virtually led my business to a griding halt as other alternatives of hiring `Use and throw` agents is too proving fruitless as everbody entering in this entanglement vies for his own slice of the booty. The accruing debt is multiplying with each passing day with no consolation of immediate nod from my brother to negotiate the deal to its logical conclusion.
/TC/
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watch out this co as i have received a letter to change the object clause of the co...target could be above 200...
Give the guys a break!! What next woill you demand from SEBI, equity reports on each listed company and their fair price??? The right price is decided by the investors based on their own evaluations. SEBI is just a regulator not the player in the market......
yes.. but listing day gambling is a major thing every one looks at it....
Dear adaljaarun,
Whether it is govt or private, retailers should avoid the over valued offers instead of hoping to sell on listing and to make a fast buck.
What actually happening is the reverse. The HNIs and corporates manipulate and sell them on listing to retailers. The sole reason is that the retailers are forgetting about valuation and growth prospects.
Never ever forget the words of Ben Graham. When the market offers to sell at an abnormally higher price, dont hesitate to say "NO".
Regards
Nadhi ...
even goverment is doing overpricing of ipo such as nhpc and in future goverment does the same thing for disinvestment ipos or fpo then there will no oversubscription and no listing gai retalers must boycott overpriced ipos to teach them lesson....
sebi should valuate the valuations whether it is fair or not... in the interests of all investors... why only investors, should be looking at.. in the interests of a healthy stock market..and economy they should object.. and should not object after every one burnt their fingers and lose their shirts.....
Dear Nadhi,
True, greediness is like that.... we cannot help... one should control greediness and should not look for listing gains...
regards
t23...
Dear Nadhi,
True, greediness is like that.... we cannot help... one should control greediness and should not look for listing gains...
regards
t23...
Dear tara,
There are some short comings with SEBI. I accept. But I am unable to understand as to why we buy either knowing it as over valued or not knowing about value at all. It is due to either greedyness or ignorance/innocence. Unfortunately market never forgives both.
Regards
Nadhi...
Dear novice,
Agree with you. To the ones who subscribe for IPOs, gullible are negligible. Gamblers are in plenty.
I read a message that the IPO issue pricing should be as such that the retailers should have some benefit by selling on listing. That is in other words an almost guaranteed return on listing. LOL. The boarder neglected to think about the response in that case and the possibilty of drawing of lots for allotment.
About 15-20 years before I have seen my friends getting their amount returned than shares getting allotted. Of course when the IPos were issued on face value.
Regards
Nadhi...
Why should SEBI object??? Company officials put enough money in their pocket for keeping their mouth shut... Regarding small investors, even after so many disasters in the IPO market for the last few years, they don`t have any lessons learnt, then it is better that they lose their money......
phoenix international belongs to indus gas gropu with 6000 cr market cap in uk market...with oil fields near cairn energy and indus basin....now that the object clause of phoenix int has changed things will change for this co....cmp of 17 could go to above 300 if if gets something from the group co......
