How can such Fraud companies listed? Why there is no rules to restrict such companies to loot Retail investor? And why there is no actions taken even after listing fiasco and manipulation by some operators with names in block deals?
BEWARE... ANOTHER MARKET SCAM & CRASH NOT MUCH FAR AWAY
There seems to be a competition between Bizotic and Cellpoint in who will destroy capital first. Both are down more than 50% from their issue price within a month. I have made a list of people who are stuck in Bizotic. I have made list according to bulk deal data available on BSE. Out of 24,12,000 shares of this issue, there are 17 people who are holding around 14 lakh share. Here is the list:
mahadev manubhai 237600 saroj gupta 135200 SW CAPITAL 124800 beeline broking 120800 7m developers 92000 setu securities 84000 mansi stock broker 80000 arunaben 76800 shreya prem shah 61600 ankit parlesha 55200 bhupendra shah 50400 global infoways 49600 topgain 48000 malti salvi 46400 mutliplier 43200 ajay salvi 41600 wessel consultancy 40800
Also, most of the purchase is done at 120+ levels. Mahadev Manubhai Makwana has already booked loss of around 2.10 CR (unrealized loss of Rs. 2.40 CR still) and multiplier shares has also booked loss of 60 Lakhs. Such a poor performance. I am also stuck at 97.20 levels. Everyday there is sell orders of around 4 lk shares which means Mahadev makvana and mansi/multiplier/setu are placing selling orders at LC. So, don't expect this crap to go up until their orders are filled or they cancel their orders.
Interactive Financial Services as LM - Same old story of destroying wealth continues in Bizotik. If there is an award for wealth destruction, this LM would win it hands down. Simply brutal wealth destruction!!!