Author:
Platform: Hive
Date: 23 June 2025
Category: Finance-Dispute
This post is follow up of one issue on a Start-up Investment in India. Some of you already read some past post related to this issue. This time I decided to do something as Open Letter. Hopefully I get some answer.
Open Letter
Hong Kong, 23 June 2025
Subject: Investment in Start-up Globesecure Technologies Limited – India
This painful issue began in May 2021, when I decided to invest in the start-up Globesecure Technologies Limited (India). My investment was made prior to the company’s exit to the stock market which game a hope of better revenues.
I won’t go into excessive detail here, as I still hold hope that Mr. Ragavan Rajkumar — who has been my direct point of contact — will fulfill the financial commitment he promised at the beginning of 2025. He had given me a specific timeline by February, but our last communication in April 2025 only included excuses.
Before pursuing legal action, I would like to make one final public appeal in the hope that this is simply a misunderstanding, and that Mr. Rajkumar genuinely intends to honor his obligations.
I also want to clarify that it is not my intention to damage the reputation of what I believe is a great company with a promising future. On the contrary, I celebrated its successful exit to the stock market, as my initial investment — based on valuation alone — should have returned approximately seven times.
To that end, I respectfully bring this matter to the attention of the Board of Directors in the hope that they may assist in resolving this issue amicably:
- Mr. Ragavan Rajkumar
- Mrs. Sonam Ragavan
- Mr. Ajay Kumar Verma
- Mr. Sushilkumar Agrawal
- Mr. Asheesh Chatterjee
- Mr. Gopala Ramaratnam
I trust that the Board will consider this matter with due seriousness and help bring about a fair resolution.
Sincerely,
Alfredo Jiménez
Investor
Note our last communication mentioning my bad situation is already months ago:
That’s all for now my friends!
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