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Anybody received bonus share of PSPIL ?
Posted by :
Guest
Hi,
Is anybody received the PSPIL shares? I can not see any scrip named PSPIL.please put some light if you know....
Jigsaw Puzzle-Any clue by anybody here?
Posted by :
fixer
Dear Friend, Any restructuring or correction should not wait and has to be done immediately. However, this is not the case here? Even after more than a year of such bad news, reports, stigma-There is no attempt at all to improve. It is going from bad to worse and situation is getting more murkier by the day. So how long are you going to wait.
What is restructuring all about even if it is to happen? Is Narayanan hitherto the Director and also the promoter taking over from Saminathan as Chairman and still Sami continuing as MD, any such indication of a maker over? Come on, gentleman, don`t get into this trap? Unless otherwise there is a strong semblance of professionals joining the Company with good experience, background or some reputed people in the other Industries posted here to head them, there is absolutely no respite.
Sami will never do this and it has to be done by the Government. So unless otherwise you put pressure on the Central Government to act, they will not do anything. Even now it is too late, because if the way things are and anytime allowed to `manage` or make book corrections, then even the new board will find it difficult to correct them.
In the case of Satyam the business was intact and they had very good orders, backups and could continue, Out here that is not the case. Everything is gloated and it is only a bubble. So if it bursts then we are all gone. Hence the earlier we wake up it is better. No point in hoping a correction within.
Awake, Arise, Stop not till the Goal is reached- Vivekananda. This should be our concern and single minded vision. ...
RECORD DATE...
Posted by :
vinurajok buut what will happen after recod date will it will be listed or we have to wait for listing it again ...
RECORD DATE...
Posted by : verma38Record date is on 20.11.2009 as per the PSTL web site....
Jigsaw Puzzle-Any clue by anybody here?
Posted by : shappy
I was always hopeful in this stock that the company will improve its performance with some revival plan but have lost patience after seeing the ground reality. I shall wait for some more time to see what they are doing in their restructuring and revival plan.
If nothing positive comes out I shall take up the matter with the Corporate Affairs Minister Mr. Salman Khursheed and also with Shri Ashwani Kumar,Director CBI.
...
Jigsaw Puzzle-Any clue by anybody here?
Posted by : fixer
Any vigilance within the same Organisation will be prejudiced and you cannot expect a fair result. So you must approach an independent agency that can judge the veracity of the complaint and look into it. This is done by the Central Bureau of Investigation(CBI)in our Country. Unfortunately this institution have lost its credibility because it has become politicized. Otherwise, will Sami be bold enough to demand a SEBI probe into the alleged forgery with temerity? By doing so he was only threatening, intimidating the officials of SEBI and nothing more.
The only alternative available is to write to P Chidambaram- Home Minister to direct, instruct CBI? Well, is it worth doing with him because he can be parachial and he himself has dubious distinction in the stock market? Yet we can try!!
The next would be to meet up our local MP in small groups where ever we are and put pressure. This will definitely work because he/she doesn`t have anything to loose and he also needs some issues to be visible and make a point. We have already sensitized our local MP`s and Kirti Somaiah was a good bet, because he is good in such issues. Unfortunately he is now not an MP and he is having problem within his own party?!! We had good hopes on Mahesh Jetmalani and again he came a cropper. So we are doing our best from aamchi Maharastra? Will you also contribute from your own constituency?...
Jigsaw Puzzle-Any clue by anybody here?
Posted by : shappyFixer,,is their any mechanism thro which investors can complaint to vigilance deptt of SEBI. Almost all investors are puzzled. It is certain that the existing promoters have failed to put the company back on track, Sebi should have suspended the sale on day one after issuing ban orders. Even if they do it today and ask the govt to appoint director, as in the case of Satyam, share price of Pyramid Saimira will jump in three figures....
RECORD DATE...
Posted by : sou1Record date is on 20.11.2009 or 20.11.2010? anybody........
Do not sell in loss
Posted by : HimaBinduWait for 2- 3 years it will become 300+...
Jigsaw Puzzle-Any clue by anybody here?
Posted by : Maa tujepranaam
Very true and well stated. I was also wondering as to how this is happening especially in this counter and that too very often?
The LC was for 10% but the UC is only 5% so who`s really playing the mischief? Is it well organised, one gets to wonder? We need to watch out, if this happens with impunity and without any answer, then nobody except the authorities in power/ Government or the Judiciary can intervene? Why not PIL on this issue with strong backup on stats? Because going to court without preparation will be like the last time when Mr Mohan Lal an advocate rushed to the High Court in Delhi and was dismissed? ...
Jigsaw Puzzle-Any clue by anybody here?
Posted by : fixer
By the interim report from SEBI, Sami, Nirmal Kotecha and 200 persons including a journalist were banned sometime ago.
By the recent announcement by SEBI there is a ban imposed for 7 yrs. Obviously, Company does not deal directly but individuals, Obviously the ban is a reiteration of the earlier order and the stricture is harder on Sami & Co.
Promoter and Chairman-Narayanan & His wife have major share holding too and they have nothing to trade because all of them are pledged? It has been repeated here on this board too and therefore taken as truth more because nobody has refuted it?
Uma Saminathan the wife of Saminathan has been stated to have shred most of her shares and she seems to be holding very little and whether she has acquired more now is itself doubtful?
Other major investors are not in the fray and they have also withdrawn.
Rumour has it that a major stake holder from the industry acquired some 14% stakes and was even tipped to make a hostile bid for takeover, which was vehemently denied but their stakes are still there.
Indiabulls were having some tussle with Sami on the margin money and the cheque bouncing case of arrest and release is still green in our memory. So we presume that they are not buying anymore in this melee.
Hence, who is buying and how is the stock going up every day to touch UC?
Well LC can be explained to panic selling by small investors who got worried by the SEBI order. These people should have just waited and should not have rushed but anyway that is their decision and they suffer?
So who exactly are the players in today`s game? What is SEBI doing as a watchdog? Are they active or just issuing an order and leaving it there for nature to take its course? Especially in this age of poor enforcement in all spheres?
Why is the Government silent and waiting to act? Who is shielding the culprit? What is the nexus?
Any answer?...
Do not sell in loss
Posted by : GuestWhen there is bad news, there is no neeed for ...
Do not sell in loss
Posted by : shappyBig brokers get negative news before it becomes public, they sold PSTL stock and managed aggressive negative publicity to bring it down, most of the small investors sold in panic, once the stock came dn to Rs16 level, Big brokers started aggressive buying....
Dont panic in pstl. All shares are good.
Posted by : GuestFirst the company is subsidary of a PSTL ... Secound if you want to raise money u dont need to be listed ...both equity n debt are effective way to raise moneyfor unlisted companies ... when as subsidary gets demerged n become a seperate entity ... equity shares are announced as per the holding patteren of parent company in subsidary n other regulations...
Thank You GOD
Posted by : bharat in delhina HE tara na SHE tara but SITARA...
