Many Co's using fly. networks and nepotism arrange to borrow large sums of money from the Banks and the public thru the issue of convertible Bonds in illiquid Cos. They pay the interest for a couple of years and then default.
The Bonds are worthless and the Banks and public are left holding worthless paper. The Banks instead of taking a write down of these bonds continue to maintain them at par. The Indian investment community have mastered this practice for centuries.
Don't be fooled by the Balance sheet of banks if you have no access to what it holds.
Fred: That's no secret. Nature has ordained that the front is always more attractive than the behind.!
You got to have lots of cash to BUY after you see the new low sometime in mid June when they announce that the Monsoon is late.!
With the Govt now concentrated on Yoga, Taichi and culture,dont be surprised when you see a new low within 60 days.
Lots of pink slips and employees let go because all the Govt. hype of Bank accounts for the masses netted more losses for the Banks.
The CEO has been playing footsie with the Govt at the cost of the Investor.
No dilution.It looks like a marketing ploy and lots moe to shed..
You got to feel the hard bottom . When approaching the finale, you then take their new AEROSURF which enables one to fly like a bumble bee. and gain 15 c for a few hours before falling back to reality.!
Yes; but dont forget to account for the growth in Corruption, suicides, rape, illiteracy and poverty you see there.
You keep tapping the same beat. There is no Bull mkt in India. Bovine slaughter is prohibited by law.
However , they do permit slaughter of the Lambs.!
No; that sure was a false alarm.
The stock might soar if the proposal to introduce DISCO Ebola Vaccine Nasal spray is approved by the African Nations Drug tribunal where the appilication is pending.
The demand for the spray runs into a few mills.
fred_: What happened to your "One Of the best". You need to keep abreast of the real world instead of believing in that Pin stripe Hype.!
This is a new drum beat. The facts are Production growth is now -ve , Sensex selling off big, F.E bowl MT., Official hype getting bigger, Ministers now able to guarantee male offspring & ever changing Taxation laws.
Wow.! You should be desperate to invest in that climate..
Drum beating has not got IBN very far ; that is a fact.
Hope is eternal and no one scoffs at that. However, one needs to temper that with realism and IBN's current performance has not been stellar..