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Old 12th December 2007, 06:40 PM
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Default the mtn offer

i guess u all know by now that mtn nigeria wants to divest some of their shares to interested nigerians.
you should all know too that it's not going to come cheap.$5m for individuals and $10m for corporate entities.IBTC, the issuing house is trying to persuade mtn to allow them buy in blocks which would be broken down & then sold to nigerian at a lower rate of $100,000 for interested persons who cannot afford the $5m or $10m bit.
that is the most current info as per the mtn offer.so guys, start preparing to take position if you are interested.
as for me, if i had that kind of cash,i would start my own company.
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Old 12th December 2007, 09:49 PM
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Default

I have been eagerly awaiting this MTN offer.I understand if IBTC gets the go ahead to act as a SPV,there offer might also be over subscribed.Is there a way someone can get around this?
100,000 dollars is not money you keep lying for too long without doing something with it.
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Old 12th December 2007, 09:50 PM
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Default

Quote:
Originally Posted by chephy View Post
...as for me, if i had that kind of cash,i would start my own company.
Ha ha ha, thanks for giving me a good laugh.
But men, I feel u my guy!
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"Concentration builds wealth, Diversification preserves it." - Warren Buffet
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