Iei - International Energy Insurance - Iei

[horlads]

Originally Posted by overload

INTERNATIONAL ENERGY INSURANCE (IEI) PLC
June 5, 2012

EXTRA-ORDINARY GENERAL MEETING – SHARE CONSTRUCTION

Share Reconstruction 1 for 5 (reverse split)


Please Does anyone understand this???

they are trying to reduce their shares outstanding shares. the implication of the highlighted is that they will replace 5 esixting shares with one 'new' reconstructed share...and list at N2.50...giving it further room to erode value by falling back to N0.50... emphasis mine...

IMO, the stock is now technically 10 kobo....

Originally Posted by wanaj0

How many times this ones go do reconstruction??? Na wa o

Dem never do before na...Na Goldlink do d last time...

[bivins1]

Originally Posted by wanaj0

How many times this ones go do reconstruction??? Na wa o

I get small for here. na time to sell because at the end of the day the thing go stll fall from 2.50k to 50 kobo. why were they giving bonus all this while if they were going to do a reverse split? some of these companies should just be delisted or they should be forced to merge .

[bivins1]

I think a more appropriate term here should be share deconstruction which will ultimately lead to share delisting as a result of financial insolvency .
May don even pass. I don forget the adage sell in May

[bivins1]

Originally Posted by horlads

they are trying to reduce their shares outstanding shares. the implication of the highlighted is that they will replace 5 esixting shares with one 'new' reconstructed share...and list at N2.50...giving it further room to erode value by falling back to N0.50... emphasis mine...

IMO, the stock is now technically 10 kobo....



Dem never do before na...Na Goldlink do d last time...

Bros they have done 3 for 1 deconstruction before and yet it still fell to 50 kobo. Check your records or better still start reading from page 1 of this thread
emphasis mine

[solo66]

Originally Posted by bivins1

I get small for here. na time to sell because at the end of the day the thing go stll fall from 2.50k to 50 kobo. why were they giving bonus all this while if they were going to do a reverse split? some of these companies should just be delisted or they should be forced to merge .

u wan sell mmmm? at wot price? if u go sell for 2k/share, call me.

[pegheneji]

Originally Posted by overload

INTERNATIONAL ENERGY INSURANCE (IEI) PLC
June 5, 2012

EXTRA-ORDINARY GENERAL MEETING – SHARE CONSTRUCTION

Proposed Dividend Nil

Share Reconstruction 1 for 5 (reverse split)

Qualification Date 11th June 2012

Closure Date 12th – 15th June 2012

AGM Date 28th June, 2012

Payment Date Not Applicable

AGM Venue Le Meridian Ibom Hotel & Golf Resort, Nwaniba Road, Uyo, Akwa Ibom


Please Does anyone understand this???

Originally Posted by wanaj0

How many times this ones go do reconstruction??? Na wa o

something is rearly wrong with this people! what has reconstruction got to do with performance that they they do it every three years. they better submit their distress letter to Naicom.

[pegheneji]

Originally Posted by horlads

they are trying to reduce their shares outstanding shares. the implication of the highlighted is that they will replace 5 esixting shares with one 'new' reconstructed share...and list at N2.50...giving it further room to erode value by falling back to N0.50... emphasis mine...

IMO, the stock is now technically 10 kobo....



Dem never do before na...Na Goldlink do d last time...

bros! them do 3 to 1 around 2009 far before goldlink

[dr.abrahamb]

Originally Posted by bivins1

I think a more appropriate term here should be share deconstruction which will ultimately lead to share delisting as a result of financial insolvency .
May don even pass. I don forget the adage sell in May

...and go away? Not for a contrarian my Oga. How you dey?

[dr.abrahamb]

Originally Posted by pegheneji

something is rearly wrong with this people! what has reconstruction got to do with performance that they they do it every three years. they better submit their distress letter to Naicom.

Opari!

[bivins1]

Originally Posted by dr.abrahamb

...and go away? Not for a contrarian my Oga. How you dey?

am fine my brother. sent you a PM. please check

[dr.abrahamb]

Originally Posted by bivins1

am fine my brother. sent you a PM. please check

Just checked...still being awaited.

[bivins1]

Originally Posted by dr.abrahamb

Just checked...still being awaited.

I don send am again. some people have been complaining they are having difficulty with the site . hope u get it this time

[Philomena Aggreh]

please kindly give me the updates of insurance shares i bought few years ago from CSCS. My Details are as follows:
Name: Philomena Tega Aggreh
Phone Number: 08038760623

[hispy99]

Originally Posted by Philomena Aggreh

please kindly give me the updates of insurance shares i bought few years ago from CSCS. My Details are as follows:
Name: Philomena Tega Aggreh
Phone Number: 08038760623

this is a forum to discuss stock investment, no one here can give you the information you are looking for. CSCS does not buy or sell shares; CSCS only holds shares in trust for the public. Call you broker for the information you are looking for.

[WOKILUMO]

With all the Genco, Disco and IPP activity kicking off is this company strategically positioned to be engaged in this ENERGY revival?

[hispy99]

IEI pays N990m claims in Q3

[hispy99]

IEI send forth former boss

[WOKILUMO]

And we're OFF!!!

Originally Posted by WOKILUMO

With all the Genco, Disco and IPP activity kicking off is this company strategically positioned to be engaged in this ENERGY revival?

[manemi]

Originally Posted by WOKILUMO

And we're OFF!!!

Bros. Beyond speculation is there anything fundamental with this stock? I saw it selling 112m shares so far today.

[nosa2]

Originally Posted by manemi

Bros. Beyond speculation is there anything fundamental with this stock? I saw it selling 112m shares so far today.

My Oga why you dey ask intelligent question for foolish market? This market be like wetin dey follow fundamentals?