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  #241 (permalink)  
Old 4th July 2008, 04:22 PM
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hi

heard now that they were on course for this month,, can anyone please follow up and confirm this from first hand sources????
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  #242 (permalink)  
Old 4th July 2008, 05:38 PM
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Default Union Diagniostic(my Sordid Experience)

My People, I Applied For The Uds Pp Last Year. I Had Worked Inthe Stock Market For Years And In Order To Guard Against Unforseen Issues, I Decided To Go To Intercontinental Head Office To Pay For My Pp And I Duly Obtained My Deposit Slip.
Suprisingly, When People Started Getting Their Certs, I Didnt See Mine, I Sent Someone With A Letter Of Authority To First Registrars, They Shockingly Told The Person That My Name Is Not On Their System That I Should Get In Touch With Uds. I Personally Went To Intercontinental And Asked After What They Did With My Money; They Claimed That It Was Remitted To Their Branch At Tejuosho, And That That Is Where The Whole Pp Money Is Domiciled For Onward Remmittance To Uds. I Proceeded To The Branch Only For Them To Tell Me That They Have Remmitted All The Money To The Company And That I Should Go There. Luckily, They Are Sharing The Same Street With Uds And I Just Strolled Into Uds. I Met The Accountant Who Took My Photocopies And Promised Me That They Have Some Few Cases Like That And That They Will Sort It Out Very Soon If Its Proved That I Paid Into Their Account Then They Will Instruct First Registrars To Print My Certs For Me.
With My Little Knowledge Of Accounting, I Pointed It Out To Him That Ordinary Reconciliation Ought To Show Them That There Were Some Left Overs In Their Pp Account Which Ordinarily Should Arouse Their Curiosity Since August, 2007. He Claimed That Icb Headquarters Remitted The Funds Without The Forms I Filled(i Submitted Two Forms). To Butress My Claims, I Gave Them Photocoies Of My Form And My Deposit Slip With Their(uds) Account Number Boldly Written I Equally Included My Intercontinental Bank Statement Evidencing The Debit Of The Funds The Same Day, He Promised Me That The Stuff Will Be Printed Out Soonest And That I Will Be Called To Pick It Up Shortly. I Reassuringly Went Home With Expectation. After Two Weeks Without Hearing From Them, I Called The Accountant, Who Kept On Telling Me That Its About Being Sorted Out, Week In Week Out, It Was One Yarn Or The Other, Later I Noticed That The Accounatnt Was Posting Me (come Today And Tomorrow) As I Expected, He Later Stopped Picking My Calls And Would Not Returny Calls(in Fact, He Never Called Me, I Did All The Callings). It Got So Frustrating That After About Six Weeks, I Managed To Squeeze Out Time To Go Back To Uds, I Didnt Meet The Guy But I Met With The Admin Manager Who Sounded Nice, And Made References To The Fact That If Its Proven That I Paid Money Then They Will Do Something, I Got Infuriated With That Statement And Told Him What The Accountant Promised Me Before Which Didnt Materialise, And The Valid Documents I Included Which Was Enough For Them To Work On. He Said He Will Get Back To Me. I Gave Him Another Set Of The Documents And I Left (on A Lighter Note; They All Have New Shiny Cars Now, Dividends Of Our Pp Funds)
Two Weeks After, They Didnt Call, I Was Forced To Send A Text To The Accountant Threating Legal Action And Requesting To See Their Md, He Didnt Call. I Called Up The Admin Guy, Who Told Me That The Accountant Is Incharge Of The Pp And That He Is The Appropriate Person To Tackle The Issue. I Intimated Him The About The Hide And Seek Game The Guy Has Been Playing With Me. He Now Promised That They Have Summoned Intercontinetal Bank To Come Before Friday(today) With All Their Schedules To Sort This Out. I Am Awaiting The Outcome.
Its Being A Sordid Affair, I Didnt See My Money Returned Or Certificate Either. Painfilly, I Gathered Money For The Pp And The Individuals Are Hounding Me, It Has Become An Intergrity Issue For Me. I Humbly Suggest That Affected Individulas Sholud Come Together And Present A Common Fornt For This. When Next I Go There, It Will Be Showdown, And Its Their Md Am Seeing Next Time. Pity I Didnt Go To Their Agm, Cause I Would Have Raised The Issue There.
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  #243 (permalink)  
Old 4th July 2008, 08:36 PM
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Originally Posted by ugovictoria View Post
My People, I Applied For The Uds Pp Last Year. I Had Worked Inthe Stock Market For Years And In Order To Guard Against Unforseen Issues, I Decided To Go To Intercontinental Head Office To Pay For My Pp And I Duly Obtained My Deposit Slip.
Suprisingly, When People Started Getting Their Certs, I Didnt See Mine, I Sent Someone With A Letter Of Authority To First Registrars, They Shockingly Told The Person That My Name Is Not On Their System That I Should Get In Touch With Uds. I Personally Went To Intercontinental And Asked After What They Did With My Money; They Claimed That It Was Remitted To Their Branch At Tejuosho, And That That Is Where The Whole Pp Money Is Domiciled For Onward Remmittance To Uds. I Proceeded To The Branch Only For Them To Tell Me That They Have Remmitted All The Money To The Company And That I Should Go There. Luckily, They Are Sharing The Same Street With Uds And I Just Strolled Into Uds. I Met The Accountant Who Took My Photocopies And Promised Me That They Have Some Few Cases Like That And That They Will Sort It Out Very Soon If Its Proved That I Paid Into Their Account Then They Will Instruct First Registrars To Print My Certs For Me.
With My Little Knowledge Of Accounting, I Pointed It Out To Him That Ordinary Reconciliation Ought To Show Them That There Were Some Left Overs In Their Pp Account Which Ordinarily Should Arouse Their Curiosity Since August, 2007. He Claimed That Icb Headquarters Remitted The Funds Without The Forms I Filled(i Submitted Two Forms). To Butress My Claims, I Gave Them Photocoies Of My Form And My Deposit Slip With Their(uds) Account Number Boldly Written I Equally Included My Intercontinental Bank Statement Evidencing The Debit Of The Funds The Same Day, He Promised Me That The Stuff Will Be Printed Out Soonest And That I Will Be Called To Pick It Up Shortly. I Reassuringly Went Home With Expectation. After Two Weeks Without Hearing From Them, I Called The Accountant, Who Kept On Telling Me That Its About Being Sorted Out, Week In Week Out, It Was One Yarn Or The Other, Later I Noticed That The Accounatnt Was Posting Me (come Today And Tomorrow) As I Expected, He Later Stopped Picking My Calls And Would Not Returny Calls(in Fact, He Never Called Me, I Did All The Callings). It Got So Frustrating That After About Six Weeks, I Managed To Squeeze Out Time To Go Back To Uds, I Didnt Meet The Guy But I Met With The Admin Manager Who Sounded Nice, And Made References To The Fact That If Its Proven That I Paid Money Then They Will Do Something, I Got Infuriated With That Statement And Told Him What The Accountant Promised Me Before Which Didnt Materialise, And The Valid Documents I Included Which Was Enough For Them To Work On. He Said He Will Get Back To Me. I Gave Him Another Set Of The Documents And I Left (on A Lighter Note; They All Have New Shiny Cars Now, Dividends Of Our Pp Funds)
Two Weeks After, They Didnt Call, I Was Forced To Send A Text To The Accountant Threating Legal Action And Requesting To See Their Md, He Didnt Call. I Called Up The Admin Guy, Who Told Me That The Accountant Is Incharge Of The Pp And That He Is The Appropriate Person To Tackle The Issue. I Intimated Him The About The Hide And Seek Game The Guy Has Been Playing With Me. He Now Promised That They Have Summoned Intercontinetal Bank To Come Before Friday(today) With All Their Schedules To Sort This Out. I Am Awaiting The Outcome.
Its Being A Sordid Affair, I Didnt See My Money Returned Or Certificate Either. Painfilly, I Gathered Money For The Pp And The Individuals Are Hounding Me, It Has Become An Intergrity Issue For Me. I Humbly Suggest That Affected Individulas Sholud Come Together And Present A Common Fornt For This. When Next I Go There, It Will Be Showdown, And Its Their Md Am Seeing Next Time. Pity I Didnt Go To Their Agm, Cause I Would Have Raised The Issue There.
This your experience is very sad.
All i want to say is that if they dont stop playing this game with you and either give you your certificate or your money, then take an aggresive legal actions against them.
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  #244 (permalink)  
Old 4th July 2008, 09:18 PM
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Originally Posted by Ndani View Post
Hi

are u sure that nothing happened yesterday, we were given repeated assurance by the chairman and MD in the last agm that they will be meeeting the committe on july as june was not possible.

This is getting too much now, i suggest that we organise ourselves as shareholders and fix a meeting with the MD to try and sort this out as soon as possible.

Those who are in favour please suggest how we can voice our protest together

thanks
brother there is nothing we can do we have been dupe by a master duper who has no shame lets mourn together
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  #245 (permalink)  
Old 13th July 2008, 04:58 PM
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Default In the same boat

Quote:
Originally Posted by ugovictoria View Post
My People, I Applied For The Uds Pp Last Year. I Had Worked Inthe Stock Market For Years And In Order To Guard Against Unforseen Issues, I Decided To Go To Intercontinental Head Office To Pay For My Pp And I Duly Obtained My Deposit Slip.
Suprisingly, When People Started Getting Their Certs, I Didnt See Mine, I Sent Someone With A Letter Of Authority To First Registrars, They Shockingly Told The Person That My Name Is Not On Their System That I Should Get In Touch With Uds. I Personally Went To Intercontinental And Asked After What They Did With My Money; They Claimed That It Was Remitted To Their Branch At Tejuosho, And That That Is Where The Whole Pp Money Is Domiciled For Onward Remmittance To Uds. I Proceeded To The Branch Only For Them To Tell Me That They Have Remmitted All The Money To The Company And That I Should Go There. Luckily, They Are Sharing The Same Street With Uds And I Just Strolled Into Uds. I Met The Accountant Who Took My Photocopies And Promised Me That They Have Some Few Cases Like That And That They Will Sort It Out Very Soon If Its Proved That I Paid Into Their Account Then They Will Instruct First Registrars To Print My Certs For Me.
With My Little Knowledge Of Accounting, I Pointed It Out To Him That Ordinary Reconciliation Ought To Show Them That There Were Some Left Overs In Their Pp Account Which Ordinarily Should Arouse Their Curiosity Since August, 2007. He Claimed That Icb Headquarters Remitted The Funds Without The Forms I Filled(i Submitted Two Forms). To Butress My Claims, I Gave Them Photocoies Of My Form And My Deposit Slip With Their(uds) Account Number Boldly Written I Equally Included My Intercontinental Bank Statement Evidencing The Debit Of The Funds The Same Day, He Promised Me That The Stuff Will Be Printed Out Soonest And That I Will Be Called To Pick It Up Shortly. I Reassuringly Went Home With Expectation. After Two Weeks Without Hearing From Them, I Called The Accountant, Who Kept On Telling Me That Its About Being Sorted Out, Week In Week Out, It Was One Yarn Or The Other, Later I Noticed That The Accounatnt Was Posting Me (come Today And Tomorrow) As I Expected, He Later Stopped Picking My Calls And Would Not Returny Calls(in Fact, He Never Called Me, I Did All The Callings). It Got So Frustrating That After About Six Weeks, I Managed To Squeeze Out Time To Go Back To Uds, I Didnt Meet The Guy But I Met With The Admin Manager Who Sounded Nice, And Made References To The Fact That If Its Proven That I Paid Money Then They Will Do Something, I Got Infuriated With That Statement And Told Him What The Accountant Promised Me Before Which Didnt Materialise, And The Valid Documents I Included Which Was Enough For Them To Work On. He Said He Will Get Back To Me. I Gave Him Another Set Of The Documents And I Left (on A Lighter Note; They All Have New Shiny Cars Now, Dividends Of Our Pp Funds)
Two Weeks After, They Didnt Call, I Was Forced To Send A Text To The Accountant Threating Legal Action And Requesting To See Their Md, He Didnt Call. I Called Up The Admin Guy, Who Told Me That The Accountant Is Incharge Of The Pp And That He Is The Appropriate Person To Tackle The Issue. I Intimated Him The About The Hide And Seek Game The Guy Has Been Playing With Me. He Now Promised That They Have Summoned Intercontinetal Bank To Come Before Friday(today) With All Their Schedules To Sort This Out. I Am Awaiting The Outcome.
Its Being A Sordid Affair, I Didnt See My Money Returned Or Certificate Either. Painfilly, I Gathered Money For The Pp And The Individuals Are Hounding Me, It Has Become An Intergrity Issue For Me. I Humbly Suggest That Affected Individulas Sholud Come Together And Present A Common Fornt For This. When Next I Go There, It Will Be Showdown, And Its Their Md Am Seeing Next Time. Pity I Didnt Go To Their Agm, Cause I Would Have Raised The Issue There.
This your case is exactly the same thing I am currently going through. But I limited mine with Intercontinental Bank. I want to believe the issue is with the bank or how can one explain more than 2 people complaining of the same problem from same bank.

The head of operation of the bank has been playing me too. Right now he's on vacation and will be back this week. he said they are working on it with UDS and the registrar. Let's hope so.
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  #246 (permalink)  
Old 13th July 2008, 05:44 PM
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This your case is exactly the same thing I am currently going through. But I limited mine with Intercontinental Bank. I want to believe the issue is with the bank or how can one explain more than 2 people complaining of the same problem from same bank.

The head of operation of the bank has been playing me too. Right now he's on vacation and will be back this week. he said they are working on it with UDS and the registrar. Let's hope so.
With all this problems of alottment and share certificates i see no reason why they should list this company until they have settled these problems with thier shareholders.
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  #247 (permalink)  
Old 14th July 2008, 04:33 PM
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Originally Posted by BLUEMONEY View Post
it is hard to believe this guys did nothing yesterday. MULTIVERSE was packaged by thesame company that packaged UDCS. so if they are meeting with the committee, i see no reason why UDCS wont be there.
UDCS PLC has been cleared by the NSE Quotation committee to list a total of 2,960,948,774 ordinary shares. The company was introduced to the exchange by Forte Asset Management Limited.
A Source close to the Exchange disclosed that the price at which UDCS PLC will be listed is being considered, noting that the listing price will be known before thier listing date.
But if you ask me, i think these guys will be listed @ 1.85kobo. i dont see the NSE going back on thier word.
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  #248 (permalink)  
Old 14th July 2008, 06:53 PM
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Originally Posted by BLUEMONEY View Post
UDCS PLC has been cleared by the NSE Quotation committee to list a total of 2,960,948,774 ordinary shares. The company was introduced to the exchange by Forte Asset Management Limited.
A Source close to the Exchange disclosed that the price at which UDCS PLC will be listed is being considered, noting that the listing price will be known before thier listing date.
But if you ask me, i think these guys will be listed @ 1.85kobo. i dont see the NSE going back on thier word.
thank God the only good news in this red market( hope today is not april first)
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  #249 (permalink)  
Old 14th July 2008, 08:21 PM
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thank God the only good news in this red market( hope today is not april first)
Well i dont think this is ""April first or April fool "'' this time Around.
i have also confirmed this news from stockwatch weekly magazine. since more than two sources are saying thesame thing, then something is about to happen.
so hopefully betweem now and August ending, they should be listed.
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  #250 (permalink)  
Old 17th July 2008, 01:52 PM
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Originally Posted by ugovictoria View Post
My People, I Applied For The Uds Pp Last Year. I Had Worked Inthe Stock Market For Years And In Order To Guard Against Unforseen Issues, I Decided To Go To Intercontinental Head Office To Pay For My Pp And I Duly Obtained My Deposit Slip.
Suprisingly, When People Started Getting Their Certs, I Didnt See Mine, I Sent Someone With A Letter Of Authority To First Registrars, They Shockingly Told The Person That My Name Is Not On Their System That I Should Get In Touch With Uds. I Personally Went To Intercontinental And Asked After What They Did With My Money; They Claimed That It Was Remitted To Their Branch At Tejuosho, And That That Is Where The Whole Pp Money Is Domiciled For Onward Remmittance To Uds. I Proceeded To The Branch Only For Them To Tell Me That They Have Remmitted All The Money To The Company And That I Should Go There. Luckily, They Are Sharing The Same Street With Uds And I Just Strolled Into Uds. I Met The Accountant Who Took My Photocopies And Promised Me That They Have Some Few Cases Like That And That They Will Sort It Out Very Soon If Its Proved That I Paid Into Their Account Then They Will Instruct First Registrars To Print My Certs For Me.
With My Little Knowledge Of Accounting, I Pointed It Out To Him That Ordinary Reconciliation Ought To Show Them That There Were Some Left Overs In Their Pp Account Which Ordinarily Should Arouse Their Curiosity Since August, 2007. He Claimed That Icb Headquarters Remitted The Funds Without The Forms I Filled(i Submitted Two Forms). To Butress My Claims, I Gave Them Photocoies Of My Form And My Deposit Slip With Their(uds) Account Number Boldly Written I Equally Included My Intercontinental Bank Statement Evidencing The Debit Of The Funds The Same Day, He Promised Me That The Stuff Will Be Printed Out Soonest And That I Will Be Called To Pick It Up Shortly. I Reassuringly Went Home With Expectation. After Two Weeks Without Hearing From Them, I Called The Accountant, Who Kept On Telling Me That Its About Being Sorted Out, Week In Week Out, It Was One Yarn Or The Other, Later I Noticed That The Accounatnt Was Posting Me (come Today And Tomorrow) As I Expected, He Later Stopped Picking My Calls And Would Not Returny Calls(in Fact, He Never Called Me, I Did All The Callings). It Got So Frustrating That After About Six Weeks, I Managed To Squeeze Out Time To Go Back To Uds, I Didnt Meet The Guy But I Met With The Admin Manager Who Sounded Nice, And Made References To The Fact That If Its Proven That I Paid Money Then They Will Do Something, I Got Infuriated With That Statement And Told Him What The Accountant Promised Me Before Which Didnt Materialise, And The Valid Documents I Included Which Was Enough For Them To Work On. He Said He Will Get Back To Me. I Gave Him Another Set Of The Documents And I Left (on A Lighter Note; They All Have New Shiny Cars Now, Dividends Of Our Pp Funds)
Two Weeks After, They Didnt Call, I Was Forced To Send A Text To The Accountant Threating Legal Action And Requesting To See Their Md, He Didnt Call. I Called Up The Admin Guy, Who Told Me That The Accountant Is Incharge Of The Pp And That He Is The Appropriate Person To Tackle The Issue. I Intimated Him The About The Hide And Seek Game The Guy Has Been Playing With Me. He Now Promised That They Have Summoned Intercontinetal Bank To Come Before Friday(today) With All Their Schedules To Sort This Out. I Am Awaiting The Outcome.
Its Being A Sordid Affair, I Didnt See My Money Returned Or Certificate Either. Painfilly, I Gathered Money For The Pp And The Individuals Are Hounding Me, It Has Become An Intergrity Issue For Me. I Humbly Suggest That Affected Individulas Sholud Come Together And Present A Common Fornt For This. When Next I Go There, It Will Be Showdown, And Its Their Md Am Seeing Next Time. Pity I Didnt Go To Their Agm, Cause I Would Have Raised The Issue There.
Sad story.
Trust you have gotten positive results.
It appears you bought large units - more than 200,000.
My friends who bought upwards of 500,000 units just got their certs this week.
Good luck
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  #251 (permalink)  
Old 17th July 2008, 01:54 PM
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Quote:
Originally Posted by BLUEMONEY View Post
UDCS PLC has been cleared by the NSE Quotation committee to list a total of 2,960,948,774 ordinary shares. The company was introduced to the exchange by Forte Asset Management Limited.
A Source close to the Exchange disclosed that the price at which UDCS PLC will be listed is being considered, noting that the listing price will be known before thier listing date.
But if you ask me, i think these guys will be listed @ 1.85kobo. i dont see the NSE going back on thier word.
Word is that they maybe listed at N3.5/unit.
Let's keep our fingers crossed.
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  #252 (permalink)  
Old 17th July 2008, 04:06 PM
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Word is that they maybe listed at N3.5/unit.
Let's keep our fingers crossed.
When you said Word, i believe you mean to say Rumour.
If so, we must not forget that every rumour remains a rumour until it becomes true.
Starcomms was listed at the offer price a few days ago, so i dont see why this company should be an exception.
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  #253 (permalink)  
Old 17th July 2008, 09:00 PM
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Originally Posted by BLUEMONEY View Post
When you said Word, i believe you mean to say Rumour.
If so, we must not forget that every rumour remains a rumour until it becomes true.
Starcomms was listed at the offer price a few days ago, so i dont see why this company should be an exception.
pls, if the like the can list at 1naira, the most important thing is the have listed, left for me the should list at .50k let them just list
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  #254 (permalink)  
Old 19th July 2008, 01:07 PM
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Default ntom what r u saying?

i dont think we should as investors want to rush the listing, the market is bad at the moment and sentiment is down, let them wait for a month or so, list at 3.50 and then the porbability of us getting