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What’s the legal position regarding a response in terms of time? (indeed is there one?)
Surely they can’t let this drag on indefinitely?
This twitter group are here to make very few changes. They only want GOVERNANCE. Governance over a single entity who has run this company into the ground. He has destroyed the finance markets as no one will lend to us. Why ? Because they don't TRUST him. And with good reason. He has proved time and time again his word is false. He cannot be trusted. I honestly believe shishir poddar is a compulsive liar. Everything he has promised has not come to fruition. Excuse after excuse. Why should we not have a dedicated group of investors to oversee his actions?? This group ar no different from you and me. They have put their hard earned money into buying TGR shares (just like I have done for my childrens further education) and they are now trying to protect their investment, just like I am trying to do mine. There is only one of 2 ways this will go. Either shishir silences the twitter group and carries on stealing from TGR investors - thats yoy and me - in which case we will be left with nothing - or we vote to have a group of overseeing directors who stop shishirs stealing from us. Not only will they stop him from stealing from us but they bring back TSG (pranagraf) which was the part of the Company that took us to oner £1.56 before shishir pulled the plug and stole it back from us. There us no law that stops TSG intigrating ad combining with TGR. We have checked and checked again. We are ststematically being led us the garden path like a bunch of asses by shishir who is laughing at us all- all the way to HIS bank. DYOR
Saluc -shishirs other businesses make money for shishir and his family.. that does NOT include shareholders of TGR. This twitter group are saying there should be a
watch group overseeing shishir's actions as he is now a law onto himself. His actions have led us to where we are. At least 7 NED'S have come and gone, along with his own brother! What does that say? Dyor
The Freetirupati group have posted the requisition letter on X. Having read through it, same objectives as current management. Yet it seems the new board are convinced that all issues will be solved with the removal of Shishir. It just sounds too good to be true, I can’t see a positive apart from having a more communicative board. Surely the family will dump shares and we will lose customers from Shishir’s other business interests presumably a great deal from Asia.
I think I've missed a lot of chat here.
I know there are questions over the corp governance by the current founders (and perhaps rightly so), but it does seem a little unproductive and naïve perhaps to try and oust them. If there were ever any doubts re TSG, taking TGR private or anything else to spite ordinary shareholders surely those options are being considered by the Poddars now!?
Of course they can it is their money
But also remember there are other great things out there.
This stock is resorting to activism against a ceo who has a large stake. Can you out vote him.
If thats the case Gallmat how come there are more buys than sells ?
You have moved on. Let others make their own mind up. DYOR
Honestly. Move on.
Cash constrained
Market for graphite is under pressure
Management hated from shareholders.
Find a stock with a good story.
Fighting these 3 issues and winning is very hard. Too many people want to get out
Here is the Homepage of the twitter group
https://www.freetirupati.com/
Again DYOR and make up your own mind
A list of Q ans A 's from the twitter group can be found here
https://www.freetirupati.com/questionsandanswers
Everyone who is a genuine shareholder in TGR should check this out and make their own mind up.
Can I suggest all shareholders take a look at what the twitter group are all about and make up your own mind.
The pledge they make can be found here if you copy and paste into your search engine https://www.freetirupati.com/questionsandanswers
Is the Twitter group taking it private with the brother T???
The fact the twitter group have gone this far is testimony to their determination to rectify the situation we are in. I imagine there are some institutional investors in this group who have no doubt conversed with two of Ex Non exec Directors who were dismissed by Shishir. The institutional investors will have gained much info on why the Ex non execs were dismissed and what they witnessed while under Shishir’s management. They wouldn't go this far unless they had solid proof of Shishirs actions Imho. This is a potential double win situation for shareholders. If it doesn’t get through then Shishir has to buck up his ideas and start coming clean as I cannot see this twitter group giving up anytime soon, which means next time Shishir messes up (and as sure as a leopard never changes his spots) Shishir will mess up again, the twitter group will strike again and shishir will be back under more pressure. If it does get through then Shishir is in much deeper water and we get to investigate his actions, one of which I 100% believe he stole TSG from us. Either way we the shareholders will be much better off. I read tonight the directors of the twitter group have made a pledge on twitter to carry out 4 main objectives which I will post later this morning after re-reading them myself. I also suggest anyone who hasn't had a look at the site take a look for themselves and make up their own mind. DYOR
Say for instance they own 5.8% yet they probably owned more and could of sold strategically, along side a twitter campaign for months and in the end a low SP and unhappy shareholders, ready for a takeover…
If people were jumping ship and distancing themselves yes I would be worried, as it happens they are trying to get back in.
Saluc. Your a poddar parrot. Everyone has got that but what gets me is that you know the twitter group are trying to make the company work towards all shareholders benefit yet you still stay blinkered. Your not thick I think. Though you are being childishlt naeive to think that since your opinion is the twitter group will fail its a worthless action and so you will support the poddars as they may win. Just like they followed Hitler when they knew he was killing millions. Your just a puppet. Try to be open minded and fo some real research.
Let's just say Hemant's 'focus on his other business interests' is very similar to Murat's 'personal reasons', I wouldn't share anything more on here but happy to on a different medium like Telegram...
If I give you a timeline of the directorate changes RNS' from 2023 onwards you might notice a pattern:
1st June 2023 - Douglas Wright resigns, Isabel de Salis appointed.
19th July 2023 - Christian Dennis resigns
3rd Oct 2023 - Rajesh Keda resigns
25th Oct 2023 - Murat Erden appointed
5th Feb 2024 - Hemant Poddar resigns
29th Feb 2024 - Isabel De Salis resigns
7th March 2024 - Murat Erden resigns
It's been a long time since a director lasted as long as a year.
The price has fallen so they’re not my friends! Also looks like they’ve used their anonymous Twitter account to continuously nail the share price for ages since the price was over 30p not a good look for them 4
Or that the group owns less than 6% and unlikely to change management. Clear to see that opinion is divided. Poddar’s own a sizeable holding and support isn’t guaranteed, will be very surprising if the vote (if it gets that far) doesn’t go Shishir’s way. DYOR
Glad to see that TGR Investors are seeing that this twitter action group are TGR investors themselves and only want to protect their investment. Just like I do in all honesty. I'm sure a number of them are institutional investors who have been here since pre IPO. I for one Remember shishir raised 5 million from institutional investors and 1 million from Joe public (thats me and you) when we listed on the main market over 3 years ago. Today has been a really good day (imho) as now that the markets are closed it shows the investors that are left are not selling through fear, but are beginning to believe this group can (and I sincerely hope will) reprimand shishir and his daughter, which ultimately has to happen if we are to see our investment prosper. Shishir and puruvi are afraid right now as they ponder the prospect of being caught with their pants down (so to speak). Light trades today is a great sign that investors are starting to believe the twitter group are friends and not foes. Dyor
Back burner job with this until this is sorted, effectively impossible to invest further at this point
Ooo Spill the goss HC - is he on here?
HarChris do you mind elaborating on what you’ve heard about the brother? This is news to me and I don’t believe he is involved in the current situation?
From what I know they have been trying to enact change behind the scenes for a long while now, including a fellow member of the Poddar family (you can guess who I'm talking about) but Shishir wasn't budging or engaging.
I guess this is taking the attempt to force some sort of reaction from Shishir to the next stage.
We are speculating and may well be way off the mark.
For an agrieved group to be instigating the action, knowing full well when push comes to shove, the Poddar Family have a majority of votes. The involvement of NEDs, says there are issues which they (NED) know about. If not the case and pure grudge, then the action will fail.