Company De-listed

#1
Hi,
I had invested around 15000 in Ocean Infrastructure @ 1.36/share about a year back.
After a few days, the company was denied trading on BSE, citing non-compliance.

I as an investor, would like to get my investment back. I have tried approaching the company people, but no-one's responding. I have even lodged an online complaint with SEBI but have even not heard by them ta all.

Can you please suggest how to get back my investment?

Thanks in advance!
 

bunny

Well-Known Member
#2
I don't think you can get your investment back. The only way to recover your money, if you are lucky, is to ask the company if they will buy back the shares or find a person who is willing to purchase the shares from you and sell it to him in an off-market transaction. There are some brokers and firms who purchase these shares. However, the prospective buyers of these shares are likely to be scare and bid very low. You can also hope for re-listing of the company. I guess you can speak to the company as why they were suspended and if they are eager to resume trading again.
 

magnet

Active Member
#3
Thats the reason people should avoid companies like cals refinery too...

I guess its next to impossible for u to get your investment or its part now since the company itself is not interested in helping u
 
#5
Why such a comment about CALS?
I mean, to me the fundamentals look good.


i have seen people afraid to buy even 1 share of good company but they r not afraid to put equal amount of money in some penny stocks buying in thousands.

are kya farak padata hain 50 paise ka hi toh hai , buy 1000

most of the times they buy on rumors planted by brokrrs etc and burn their fingers.

plz , plz stay away from those cheesy bse stocks which have 1 day upcircuit and another day down circuit.
 
#6
recently one of my friends purchased birla TR on his broker's recommendation,

he also advised me saying that it will hit upper circuit ,
now therre is no trading in that stock and he is stuck with 500 shares
 

magnet

Active Member
#7
recently one of my friends purchased birla TR on his broker's recommendation,

he also advised me saying that it will hit upper circuit ,
now therre is no trading in that stock and he is stuck with 500 shares
Thats the point in penny stock.....

Say the stock is of 1 rs now and your broker being a big shot have 1 lakh shares of it(not necessarily he bought but may be the company gifted or bought at low rate of 80 paise/share from someone who got it for 60 paise per share)

Now the broker is making 20k profit but he wants to exit at say even more handsome margin like say the share have to reach 1 rs 50 paise and he exits.

Now he wont wait for this to happen or check every half an hour .

He will give a buy recommendation for the share.Now seeing this your friend and may be 49 more people try to buy the stock. Say 10000 shares by each person so for 50 people.5lakhs shares volume increase...seeing this increase in volume furthur some more people will buy shares and 10 lakh volume...means high demand for share so price rises and it reaches the broker target he exits.
Even the penny company make huge amount(issue 10 -20 bonus shares on personal holdings and increase their own share holdings) and delist itself.so that they can start another nexus with same brokers.

Its always better to see whether the company have any fundamentals or not...

U never know same may happen with cals refinery..I see people invested 20-25k amount in it thinking even if reaches 10 rupees they will be a good lakhpati.But when i say them to invest in reliance power now they say that is the same stock which brought sensex down do u think we are an idiot.

At least u are assured even 20 years down the line u will get your money but that is not the case with cals.

I m not against investing in it.But if u invest think the amount u invested in it is the money u gave for charity and dont expect..If u get something well and good..But if it goes bad at least u wont have a sore heart
 
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