CON CURRENT INFRA

This company has an appropriate name CON current
The modus operandi is simplicity itself
Make as many hot and exciting announcements as you can
Screw the truth
Do a bit of circular trading
Hire a smalltime blogger(arun mukerjee) to give it some hype
The announcements were coming thick and fast with one announcement having the following header "Concurrent to Develop Hydro project in Sikkim through PPP
Unfortunately for the rather shifty new promoter koneru babu an official in Sikkim Palchen D Chaktha officially denied any contract with concurrent and said that the state corporation which had supposedly entered into a contract with concurrent hadn’t even heard about a company called concurrent infra
The fancy 1300 crore sri lanka project was never spoken of again
The company makes a grand announcement and after that theres complete silence about the project
The exchanges have not questioned the company even once about the fake announcements
The balance sheet is another piece of absurd accounting with an infra company with so many projects having debt of 1 crore
The only thing that’s keeping the price afloat seems to be circular trading