Compact Disc retirement gift for foolish retail investors

Suresh Kumar Seengal knows you cant fool all the prople all the time .....but once a year you can get a fresh crop of idiots like the ones who are buying his lie of delisting at a high price

wheres the money going to come form ? they have already made provisions thats all he will say
why does he want to delist ? he just wants to make it a closely held company
http://www.moneycontrol.com/news/business/compact-disc-to-complete-delisting-process3-4-months_534136.html

lets just look at the shareholding

http://www.bseindia.com/shareholding/shareholdingPattern_60.asp?scripcd=526141&qtrid=68.00

the seengals officially control only 24 percent ie 76 percent is with the public and AT LEAST 50 percent more must be bought back
seengal at 51 (todays price ) thats 4800000*50 = 24 crores ......so who is going to pay 24 crores to buy acompany the market knows exists on paper and gives a PE (price to equity ) ratio of 0.7 ??

If the companhy had any value Seengal could have very very easily alloted himself shares at such ridiculously low PE AT A MUCH LOWER PRICE

Not only has he not done that not done that the company hasnt paid a few crores as dividend for 2010 2009 and 2008

in 2009 the company came up with a ridiculous excuse for not paying dividend http://www.bseindia.com/qresann/news.asp?newsid={F5E0ED19-CD85-4760-84E9-C6928EF0B0D0}

Seengal earns 60 lakhs as salary from compact disc the wife earns another 24 lakhs
thats a neat 65 lakhs for

Also Notice this? Bodies Corporate control 1,186,305 or 12.36 of equity
who do you think controls most of the 378 corporates who own 11 lakh shares of this company
the "buyback" will be a great oppurtunity to dump off the 12 lakh shares

now heres an interesting notice to the bse

Compact Disc - Updates | 19/07/10 12:49
Compact Disc India Ltd has informed BSE that the Company's group arm Premier Brands Pvt. Ltd. has been appointed by the Organising Committee, Commonwealth Games Delhi 2010 as Master License for the Merchandising programme and Sole Concessionaire for competing and non-competing venues in India.

Premier Brands is also at the advance stage of finanlisation to act as Licensing Merchandising Partner for the Cricket in the World.

The Company is expected to generate revenue over Rs. 300 Crore within the financial year 2010-11.

Given Seengals reputaion
see http://www.business-standard.com/india/storypage.php?autono=3328
he and kalmadi are made for each other and probably made a lot of 'commonwealth' for the seengal and kalmadi nations
so maybe seengal doesnt want to be a public company when his conjob gets exposed

also son gautham (see the previous post) is into Private Equity BIG TIME
maybe they just dont want to be associated with a small fraudulent company

OR Maybe singal wants to turn his company into another BRUSHMAN INDUSTRIES run by a conman called KAPIL KUMAR who managed to turn his firm into a full fledged HAWALA CORP and such operations are done better without sebi and public scrutiny

OR MAYBE SEENGAL JUST WANTS TO TAKE THE PUBLIC FOR A RIDE AGAIN AFTER ALL HE IS IN THE ENTERTAINMENT SECTOR