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Geodesic Investors Go To War

Fed up by the Geodesic management,retail shareholders of Geodesic have decided to launch an online campaign to muster enough votes to oust the current Board/management.

According to Geoinvestors Blog,

Like all long term Geodesic investors, I am anguished at the sheer incompetence and possible fraud by the existing management.

A Company that has a book value of Rs.188 being traded around Rs.8 is something that is truly unbelievable.

It is clear that if the stock price has to be near its book value, the existing management has to go and be replaced by a new professional management.

Investors based out of Mumbai/Pune are planning steps in this regard and want to reach out to other investors of Geodesic.

For investors who are interested in ousting this management and replacing it with a professional board/management may write to me with the following details:
Name:
# of shares:
DP ID:
Client ID:
Folio No:
Phone No:
Email Address:

My email address is iamshilpamane@gmail.com

 

This is probably the first time in India that ordinary retail investors are trying to get rid of an existing management.

Am reminded of this great AC/DC number…This Means War !!

 

I just love the lyrics of this number

AC/DC – This Means War from the Blow Up Your Video album.

(You get your head down, will you)
I
I want you
I want you to
I want you to march

Eyes go right, shoulder arms
Left wheel turn, show your charms
Change your clothes, cut your hair
Ain’t no joke, ain’t no place for kids
When the flags are high, hear the battle cry
Treaty gone, see the bandit fly
Dig that trench, watch the blast
Shell shock come, coming fast

Name and rank on parade
Might get laid by a hand grenade
Do you know what this means?
Do you know what this means?
This – means – war

This means war, this means war
I said this means war, this means war
This means war

(Run for cover, hit the deck, call for your mother)

I
I need you
I need you to
I need you to fire

Cock your gun, wet your sights
Get the bull dead to rights
Volunteers, one pace back
On the beach ain’t no place for kids
When the flack is high on a bomber run
You don’t talk back to an ack-ack gun
Fire range, and you’re in the blitz
Keep your head or you’re blown to bits

Name and rank on parade
Might get laid by a hand grenade
Do you know what it means?
Do you know what it means?
This – means – war

Who’s going there, is it a friend or foe?
Propaganda time on the radio
Top brass shout as they clown around
Peace talks die in Geneva town

Do you know what it means? (This means war)
Do you know what it means? (This means war)
Do you know what it means? (This means war)
Do you know what it means? (This means)
This – means – war

This means war
I said this means war, this means war
This means war

(Where’s the second gun?)
This means war,
I told you before, this means war
You know the score, said this means war
This means war
This-means-war

You’re all dead

5 replies on “Geodesic Investors Go To War”

Hi, in this specific case, it is probably too little, too late. But the step in itself is a welcome step. It can be a trendsetter. If only the management could be held criminally liable (in case they have indeed committed a fraud) under the existing laws, this will indeed be war. Are you still holding onto your long position ? If yes, will you volunteer to be a soldier ?

Best,

Yeah…this will be a trend setter and will be interesting to watch.I still am a shareholder in Geodesic and will support any move that closes the gap between value and price

Its nice to the investor movement. I believe there is no underplay in this. Its better to be in good synchronized mind on what exactly the questions are to be and what may be the expectation.

I am not the administrator for that site and I do not know who runs it

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