Dear Saran. It’s always great to be wearing the sceptical hat. I did not join this forum to see everyone to agree with each other but only to validate with each other and that’s exactly what this is. I am glad.
On the BOB issue, if one tries to get a loan from them they will find out how slow bob can be…
Also, there is a correlation here… that’s the same time period till the recent events the banks were tackling NPA issues and that also played out not in favor of omkar not easily getting further facilities.
The promoters in fact had to give a personal loan as well apart from pledging their shares to the company of 27 Cr (approx from my memory). If they are so bullish that all this can be solved and:
A. Pledge their shares
B. Give further loan when banks do not
C. Grow the business at the pace shown
D. Manage to keep their mind on molecule development
E. Manage to keep their mind on CAPEX
D. Manage customers well
F. Manage to get approval from the govt for their new unit
I find them positives.
I do not know the mechanics on why a private bank did not step in to help but they have failed with financing from private banks and also a private investment. I would not hold it against them, because we know they simply have not managed to explain things well. That is the one issue they had. I now see them also beininning to learn how to communicate; even with us shareholders.
That though is my biased opinion maybe because I am invested 