Amongst other ills, few Red Herrings were :
1) Aggressive Selling and kind of Locking in their end-customers for Multiple-Years – even though the So-Called Value of Byjus disappears for the Poor Parents in 1st Year itself !
2) Not Making PF Payment sin time: PF Money owed for 2020 was paid only in June, 2023 – that too because of external pressure
3) TAX Filing Not Done – even 2022 Year Taxes are pending
4) Existing Major Directors have resigned from Board !
5) Lenders have gone cautious and no longer lending to Byjus – cutting off the much needed Capital for Growth !
6) Corporate Governance has actually gone for a Toss !
Writing is on the Wall for Byjus !
How I Wish t was a Listed Company – at least we could have Shorted it and Earned Some money !
Sayonara is the Correct ✅ Sentiment for Byjus.
Amongst other ills, few Red Herrings were :
1) Aggressive Selling and kind of Locking in their end-customers for Multiple-Years – even though the So-Called Value of Byjus disappears for the Poor Parents in 1st Year itself !
2) Not Making PF Payment sin time: PF Money owed for 2020 was paid only in June, 2023 – that too because of external pressure
3) TAX Filing Not Done – even 2022 Year Taxes are pending
4) Existing Major Directors have resigned from Board !
5) Lenders have gone cautious and no longer lending to Byjus – cutting off the much needed Capital for Growth !
6) Corporate Governance has actually gone for a Toss !
Writing is on the Wall for Byjus !
How I Wish t was a Listed Company – at least we could have Shorted it and Earned Some money !
Amar
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