Valueline Securities PP

[zainabusman]

Originally Posted by waaan5

I support your point Stockmaster. Sometimes what these people think is that no one would be bold enough to go to court. So they play on the fear of the legal system. They are prepared to refund as much money as people request knowing that would quieten the people asking for such refunds, and the fact that all the people who participated in the pp would not ask for refunds becasue of communication gaps/market illiteracy. But a law suit or a report to the regulators would jottle them one way or the other.

How far can the lawsuit go especially since they gave the option to collect a refund? The lawsuit might compel them to pay interest but that will probably be it. Is it really worth it?

[pegheneji]

Originally Posted by BLUEMONEY

I have sent my Young brother that also took part in the PP to thier office in P.H were I bought the PP to collect the form I am supposed to fill and fax it to me. So hopefully by next week friday, My Full money will be ready.

Meanwhile, I called my contact in Cashcraft and he Assured me that they can still Smuggle my cash into the Personal Trust PP that closed last month. The PP seems Expensive but I dont want my money sitting in the Bank

i thought the Personal trust was cheap at N1.20 for N1.00 share anyway i always advice people to learn how to keep money in the bank this time so that when opportunity comes in term of good offer, you can put it in.

In this bear mkt. very cheap PP may come your way insttead of using your money to buy Pp u are not convince of.

[muranay@yahoo.com]

Originally Posted by zainabusman

I was at Valueline today and i requested for my money back. The manager was trying to convince me that there is no difference bw N1 par value and 50k par value. Imagine! They must have a very low opinion of us investors to think that we are so ignorant that we actually dont know differnce.

I was told to check back next Thursday for my money.

Please let me know if they are able to pay you on Thursday.

[BLUEMONEY]

Originally Posted by zainabusman

I was at Valueline today and i requested for my money back. The manager was trying to convince me that there is no difference bw N1 par value and 50k par value. Imagine! They must have a very low opinion of us investors to think that we are so ignorant that we actually dont know differnce.

I was told to check back next Thursday for my money.

The Manager is so Stupid. What does he mean that there is no difference between N1 per value and 50 kobo per value ?????
maybe he taught he was talking to a Novice. I have sent back the form and am expecting my Full money next week.

[BLUEMONEY]

Originally Posted by pegheneji

i thought the Personal trust was cheap at N1.20 for N1.00 share anyway i always advice people to learn how to keep money in the bank this time so that when opportunity comes in term of good offer, you can put it in.

In this bear mkt. very cheap PP may come your way insttead of using your money to buy Pp u are not convince of.

Taking a Critical look at the figures presented by the company in thier prospectus, you will notice that the PP is Expensive but I am buying it anyway. and on the issue of keeping money in the bank, I must confess that is not one of my Habits.

I had one loose cash in the bank one time and was very uncomfortable so when the PP of AFROMEDIA came calling, I took a shot at it even tough it was Expensive at the PP price, amid the Manipulation they did to thier figures.

Whenever a cheap PP comes calling, hopefully I may dive in if I am interested regardless of the unit I may buy but six months of the bear and most of the PP that we have seen are Overpriced. So I Just cant realy leave my cash in the bank waiting for what may not come.

[BLUEMONEY]

Originally Posted by zainabusman

How far can the lawsuit go especially since they gave the option to collect a refund? The lawsuit might compel them to pay interest but that will probably be it. Is it really worth it?

Even if they pay Interest, will it cover for the Time and money spent on the legal Battle ?????

[zainabusman]

Originally Posted by BLUEMONEY

Even if they pay Interest, will it cover for the Time and money spent on the legal Battle ?????

I dont think so. As far as this is concerned i dont want to be a hero. I will just collect my money and move on.

[BLUEMONEY]

Originally Posted by zainabusman

I dont think so. As far as this is concerned i dont want to be a hero. I will just collect my money and move on.

Exactly, it is better to move on.
On a second taught, These guys will eventually list more than 8 billion ordinary shares after the proposed IPO and there is no Assurance that the Stock when listed will not fall even below the PP price.

So I dont realy see any reason why I should remain here.

[zainabusman]

Originally Posted by muranay@yahoo.com

Please let me know if they are able to pay you on Thursday.

I decided to go back today instead of Thursday. They now asked me to channel my request to Afribank Capital where i bought.

I went to Afribank Capital and they told me to send in an application. I have sent one a few minutes ago. Afribank Capital said they have not remitted the funds to Valueline as they also are not in full agreement with the change. They are currently discussing with Valuline on a way forward.

I expect a refund hopefully next week.

[muranay@yahoo.com]

Originally Posted by zainabusman

I decided to go back today instead of Thursday. They now asked me to channel my request to Afribank Capital where i bought.

I went to Afribank Capital and they told me to send in an application. I have sent one a few minutes ago. Afribank Capital said they have not remitted the funds to Valueline as they also are not in full agreement with the change. They are currently discussing with Valuline on a way forward.

I expect a refund hopefully next week.

Zainab,

Please I need your advise.

I went there to ask for my certificate or letter they said that they can not find my name in their list that they want to ask AFRIBANK to send the certificate or letter since that was the place I submitted my form, so I was asked to check back in two weeks time.

Now that I do not the letter or certificate how do confirm and then let them know I want to collect my money if that is the way they want to do it?

[zainabusman]

Originally Posted by muranay@yahoo.com

Zainab,

Please I need your advise.

I went there to ask for my certificate or letter they said that they can not find my name in their list that they want to ask AFRIBANK to send the certificate or letter since that was the place I submitted my form, so I was asked to check back in two weeks time.

Now that I do not the letter or certificate how do confirm and then let them know I want to collect my money if that is the way they want to do it?

I suggest u call ur contact at Afribank Capital since they have not remitted ur money to Valueline. U should have the copy of ur application form stamped received by Afribank. They want a copy should u need a refund.

I suggest u contact Afribank Capital as soon as possible to resolve.

[muranay@yahoo.com]

Originally Posted by zainabusman

I suggest u call ur contact at Afribank Capital since they have not remitted ur money to Valueline. U should have the copy of ur application form stamped received by Afribank. They want a copy should u need a refund.

I suggest u contact Afribank Capital as soon as possible to resolve.

Thanks

I have already spoken with my contact at Afribank capital who claimed that is not aware of change in the nominal value from N1 to 50K.

He promise to help me confirm from thier registrar at Gbagada over the next weekend

[Michael]

Originally Posted by muranay@yahoo.com

Thanks

I have already spoken with my contact at Afribank capital who claimed that is not aware of change in the nominal value from N1 to 50K.

He promise to help me confirm from thier registrar at Gbagada over the next weekend

Has anybody that rejected the ValueCapital Certificate got back his money yet? Also be sure to confirm the spelling of your name on the cheque they may give You? I have recievd complaints already of misspelt names and uncleared cheques.

[zainabusman]

Originally Posted by Michael

Has anybody that rejected the ValueCapital Certificate got back his money yet? Also be sure to confirm the spelling of your name on the cheque they may give You? I have recievd complaints already of misspelt names and uncleared cheques.

I got a call from Afribank Capital asking me to check their office on Friday for my cheque. I will be surprised if Afribank Capital will give a dud cheque. My eyes will be open for any error in the name. Thanks.

I will keep the house posted.

[Michael]

Originally Posted by zainabusman

I got a call from Afribank Capital asking me to check their office on Friday for my cheque. I will be surprised if Afribank Capital will give a dud cheque. My eyes will be open for any error in the name. Thanks.

I will keep the house posted.

I paid directly to Valueline, Not Afribank Capital, I am sure they are more responsible. It also appears they have not handed the proceeds of the offer to valueline for this very reason.