I-Flex was an INDIAN company where majority stake of which was bought by Oracle or one of its front companies situated in the now notorious Mauritius offshore paradise for anyhow , anyone’s and everyone’s and yet always no one’s “investment” into India. The noble new masters first tried to bullshit the Indians left over with crumbs ..1475 per share ...great!!! but somehow they suddenly increased that to 2100.Hey ! they suddenly got generous..god bless them and the Amerikaka.to which they belong..but they warned us Indians that there would be NO further offer NOR delisting for another FIVE YEARS.-In other words get out while you can you suckers or we`ll turn your stock into toilet Paper ....The FACTS GUYS..and our dear SEBI ..our Indian SEBI pretends nothing was happening...so Oracle goes one step further...CAN YOU BELEIVE THIS !! ...a U.S. UNDER SECRETARY of STATE brains inversely proportionate to attitude as always,whose name I forget, actually travels to India to ask and demand of his Indian "counterpart` to facilitate the knocking out of the rest of us Indians from I-Flex and get a "squeeze out " clause incorporated in the law! All for dear Oracle. The shit hits the fan when the Times of India reports this (who knows maybe some guy there had I-Flex). Oracle hasn’t turned I-Flex stock into toilet paper as yet but that is not for lack of trying. Today I-Flex sales and net profit have increased exponentially , but the wonderful men who make up the board of directors have this to say " Your Company has plans to capitalize on the opportunities emerging from the current market conditions and needs to invest in Business growth. Keeping this in view the Board has decided not to not to declare a dividend for the financial year 2008 2009." Bravo! No they are not being cynical no not really not even the “independent” directors as they wine and dine at the Leela Kempinsky. They’ve never declared a dividend since they took control.. In fact the lackeys in the company obliged even before they had control
Lets get together guys...pick up every nit in their accounts and operations, get information... lets make - urge-force them into being more (to use an americanism) “TRANSPARENT” as they do business in India. As Patriotic Indians we need to go into the taxes they pay, the shortcuts they take…everything. After all why should anyone in "our Company" have anything ever to hide. -In short guys if they want to see us go nicely, let them pay us a fair price, and if they try any more tricks lets make it really expensive for them to get us out . May god bless I-Flex even if they renamed it Oracle. I’m sticking with I-Flex I think its worth 4500/-. I know its worth much more than that to Oracle . Amerikaka has demonstrated time and again (as in Iraq) that its all about “Shock and Awe” and has very little staying power. The analogy of instant gratification versus lasting relationship comes to mind here, but more on that might not be appropriate on these boards.
is coca cola/pepsi listed in india after so much business???
thats trasperency.
as monteksingh ahluwalia on policies presceribed by usa to us--says usa prescribes policies to us which are always aginst what they follow in action at home.whats good for usa is not good for us like big deficit in their annual budget.taking a dig at usa policies.
so every year one country in world goes in crisis of currency .who benifits????
Guys/Gals, just don`t sit ideal enjoying day-dreams ! As mentioned by C-rocket this management has openly shown their ignorance attitude towards share holders since they are on power..But they also hv ignored the fact that noticable portion of shareholder is from their own employees as well as from Citigroup India. So in coming AGM all these shareholders shud make a strong voice against such ignorance policy ..
all minority shareholders join hand and attend agm. make noice pl. waht happened to hukku`s exit??no official announcement??
if hukku is selling out must be at decent price in that case see i-flex going up substantially and last few days movement suggests something big in pipeline.
Are you the night watchman (chokidar)posted in the Oracle front gate that is rumoured to be paid Rs 3/- per silly post by the panicky management? Get lost little man
hey c rocket ! if u have any value add to give this post, then pls add..otherwise refrain from posting some silly nos like 4500 and then not coming back with an intelligent answer !
hey c rocket ! if u have any value add to give this post, then pls add..otherwise refrain from posting some silly nos like 4500 and then not coming back with an intelligent answer !
hey c rocket ! if u have any value add to give this post, then pls add..otherwise refrain from posting some silly nos like 4500 and then not coming back with an intelligent answer !
hey c rocket ! if u have any value add to give this post, then pls add..otherwise refrain from posting some silly nos like 4500 and then not coming back with an intelligent answer !
and rocket !..
no one cares a crap for your nationalistinc indian feelings ! all are here for making money...the indians and the americans ! they will do the best they can to protect their interest..and we will do the best we can to protect our interest. what a joke your long sad comment looks like. 4500...dream on !
Read with your message and found some substance in it!! As one of the long time holders of Citil (Citi Corp Information tehnologies limited) - I-Flex known then and now Oracle for more than 19 years. We bought 100 at 10 rs and then a rights came at 30 rs premium and afte paying daecent diwidends for several years they come up with 3 consective bonus payouts and stock split and thus 100+30= 400 became 6400 in geometric proprotation in about 10 years time. Again when the listing came about at 530 they offered it at at that rate for existing share holders to get out. Yours truly stuck to it and has since been holding them till date after seeing the highs and lows of 2600 and 400. You are right that the present management is outrageously "opaque" just coining a word for not being tranparent and kidding in the usage of the word. They are extremly silent about the affairs of the company in view of the brutal majority enjoyed by them. Had a good mind to fly down to Mumbai to attend the agm and create a ruckus on their attitude and also for non payment of diwidends for the past three years now(hukku and ravishanker et al team unsured that they paid diwidends reguarly with a selfish reasons to fill their pockets!!. Anyways we have been holding it for some 20 years almost and yuur views that it is worth 4500 is indeed very sweet to hear!! But in the absence of any justification it, we are sceptical. Pray can u tell the basis of this hefty valuation and if so when in 2015 when the sennsex is at 1 lakh!!.
Another thing I wuld the learned punters of this forum to scratch their head and let us know - in the event of deslisting which, in my opinion, is a foregone conclusion and is a matter of couple years max. What if we dont agree for it? Iknow they can pass it of with their brutal majority. But I remember reading about it in Companies Act during my stint as a student of aicwa long ago that we minority share holders can complain to the company law board shud we feel that the majority is opressing the minority for their vested interests!! In the event of delisting it is prudent to sell it off in the market for avoding the long term CGs. Finally we still can hold the shares after delistment and the obvious disadvantage is its lack of liquidity in the absence of being quoted in the bourses. Still in course of time when we continue to get the financials- if we find that the company valuations have gone steel and book value and EPS is high, we can create a nuisance in the meetings and can fleece our pound of flesh from the managment for a high price!!The mangement will be too happy to get rid of us since there may not be many such cases and th payout in inr divided by usd at 50 times is chiken feed for a company of such size!!
I shall be happy to have the views from the forum and also await the justification for 4.5k from crocket.
Meanwhile good nite and happy dreaming that it will touch 4.5k!!
| NIFTY 
