Public Share investors are playing " BLIND " and Promoters know ( Have Seen ) their cards.
Whenever Promoters come to know before " BLIND playing "Public shareholders about any quantum jump in the prospects of the Company ( like Macrofil Investments , UTV Software ) ,they oust the Non Promoters at arbitrary rates
Games Promoters Play ( on Minority Public Shareholders ).
Promoters use clever moves to forcibly eject Public shareholders when ever they feel like i.e. when the Company has excellent future prospects or when it suits the Promoters.
1 ) Selective cancellation of Non Promoters shares.
2 ) Conversion of Equity shares in to Redeemable Preference Shares.
3 ) Consolidation of face value of one share to a Higher Denomination .
In all cases , valuers are appointed and Paid by the Company. Thus they are Promoters' Agents.