Lets not loose all hopes. We have to utilise this one opportunity to makesure the decision is in the favour of we investors. Points to be taken care to make sure we dont loose.
1) Some of the active investors residing in Mumbai have to take leadership & publish their email ID & Cell no. You guyswill have to ack as leaders for thousands of investors who will not e able to travel to Mumbai & attens the meeting.
2) Close coordination has to happen between these leaders/representatives.
3) It would be preferable that the leaders are from emenent areas having exposure to Law/ Marketing/ working at a respectable post in company, or someone how knows how to talk & negotiate without loosing his cool & getting angry or disturbed.
4) All these leaders have to be extremely carefull not to make any illogical representations. We do not want Unions & slogans or fights during the meeting. It is utmost important that the meeting venue should be well organised & no one should be allowed to create chaos. At any point in time only one person should raise his hand & talk.
5) Our intension should be to
(a) Get the balance principal returned to the investors who have recently joined & have not yet recovered the basic invested principal amount. This should be in shortest possible time.
(b) It would be wise not to fight for interest. Whatwever interest company is ready to pay , accept it, make sure the money return period is the shortest not more that 3-6 months.
(c) If any investor has faith & wants to keep the money for a longer tenure for higher interest, separate option to be given for such investors. But make sure dont put everyone in same boat.
I know few old people who invested major part of their retirement fund to get a decent amount every month that can help them buy monthly groceries & pay rent.
6) My personal appeal would be to list out old people above 60 years who have invested less than or equal to 130000(Single Scheme) . Make sure they are first refunded their remaining amount if they have not got their principal back.
7) We who stay away from Mumbai can send out proxy forms downloaded from the website, filled & email to the representatives.
8) Stay calm & logically talk to the Citigroup management/Lawyers/Dorectors. Convince tham that the investors have faith in them & will support, provided there is transparency, immediate start of repayment is established.
9) No point going in to courts or filing a case at this juncture. We should not spoil our chances of getting atleast part of our investment if not full immediately.
Please remember. " A bird in hand is worth two in a bush"
Thanks,
A Sensible investor who has learned, not to be gready.