Hi Richdreamz

I am perfectly interested in serious discussion and am able to digest discussion on most other threads. It is clear that management does not want to disclose the information in the manner 'MPS' does. So if one is uncomfortable about this point, he has a choice to avoid buying Kitex or to sell whatever he/she has. That would be a prudent decision and a more serious one than showing seriousness on a forum by writing something that doesnt add value anymore.

And if this problem is because one is negative but is unable to sell his holding as share prices have declined, it makes even more sense for him to further stop being negative. No harm trying to get more information from company and taking decision accordingly.

My problem is with people who want to do ''class participation'' 'for sake of it or with people who want to spread negative news and the real goal is to finally buy on panic.

http://seekingalpha.com/article/3621886-unlike-the-name-investors-should-not-love-eros?auth_param=180i7a:1b36s7d:a1535a7ab29b1e2df0dcf7f25a96a7a9&dr=1

Read this. This solves to complete puzzle. It is turning out to be another Raju Story as done in India. Finger crossed.

Hi Gaurav,

I agree with you on all point except Cash Issue. I have used all other points mentioned by you and some other points not mentioned by you as a counter balance against the cash issue and hence I have remained invested (as I said in my post above that i give mgmt. the benefit of doubt).

Your Interest rate point would have been valid if it was a conversion on the basis of prevalent interest rates in both countries. In this case however the comparison is between cost of funds (domestic interest payments on Loans) Vs the advantage of converting at a better conversion rate. hence I don't think the example provided by you is valid. It would have been valid if one wants to convert to take benefit by investing the converted money into say a govt. bond. Going by the invesment mgr. logic the same investment mgrs. also withdraw money when the interest rates in US go up. In short I don't think your example here is valid as the cost of holding onto this funds (domestic interest payments) is higher Vs. the benefits of converting it after another 3% upmove.

I have replied only 'coz I find the interest rate logic given above as flawed in this scenario.

I agree that same point shouldn't be repeatedly discussed, but at the same time I think one should reserve the right to criticize a mgmt. if the response provided is not adequate.

With all due respect.

Regards.

Thanks Hitesh. That was quick

I feel PI is a much superior business model as compared to dhanuka.

Not looked at dhanuka for a while now.