avoid subscribing to network18 warrants

Small investors are advised to avoid the warrants of network18 as it is only waste of money. Currently the stock is quoting at around 75 levels. Till the time the warrants get listed the stock is likely to quote at around 40 levels. This would mean that if at all the investors want can wait till such time. Also the management has a dubious record of wasting money. If we see the past records of Netowrk18 group, most of its companies are making losses or poor profits including CNBC TV18, IBN, Infomedia ect. The management has time and again claimed that Network18 group is leader in all the fields it operates but has forgotten to remember that it has destroyed 80% value of small investors withing last two years.

The promoters have also pledged shares to the tune of 17% inspite of the rights issue.. One fails to understand where all the money is going. The company had done a postal ballot to increase the bonuses and salaries of staff last year... How can a company ask for salary increases when it is making losses? The sad part is that the promoters hold more than 50% in company and thus can pass any act through postal ballot. Since long have been condeming the postal ballot procudure as it is harmful to small investors. Small investors have virtuall no say in the decisions of the company... Have written many letters to SEBI but have falled on deaf ears... Recently the same promoters who also are promoters of Indian Film Company (IFC) which is listed in Europenion union have been dragged to court by small investors in Europe for poor management.

Also one finds that there is no major interest shown by small investors in India to confront the management in AGM or EGM.
God bless the small investors as I know that inspite of so obvious mismanagemnt by this company the small investors will still suscribe to the warrants...