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I wonder what kinda forum u think u stumbled on here. Are we supposed to be impressed becos of the mention of London or what? What do u take us for here - smocks? Abeg, no be only u dey oversea here (if u really are). Please desist from posting such ludicrous posts again, it just goes to show how shallow u are and personally puts minds like mine on enquiry. Please house, this is a FRAUD, and should be seen as such. Nobody should even look at the site, it's shameful that we still have minds like this amongst us. Please Furum moderators should lock this thread fast and not allow such posts to pollute fine minds that read thru. I am so disgusted. Haba |
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Aba you are too hard on ASK4UGO my man and from what he said he sound honest. At least i no some unregistered stokerbrokers in Nigeria, i mean guys who pull funds together to trader in stocks and will give you about 5-10% interest of your money every month and you can collect your capital anytime. I see them in the same shoe with Leadstone company but leadstone is taking an un-healthy bold step to do a pp. They may be sincere in their trade but they suddenly shot themselves in the foot by acting like a registered broker. An average Nigerian dont no a registered broker from an un-registered ones. some of the un-registered ones at times seems to have better adminstrative structures and they are fast, efficient and profitable stock traders. Am not Making a case for leadstone but ASK4UGO does not sound dubious and please because am also in Uk does not mean i No him oooooooo. Every body for himself stock market for us all. Last edited by threecrown : 8th April 2008 at 06:18 PM. |
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Abibishio, I understand your suspicion but its important we keep our view points to facts that we know or deduced from information available to us. But quite frankly I have read the posting by that guy and also went to leadstones website and read through their prospectus and I can see your frustration.
However, its good we know the facts. I have no doubt that there is a possibility that the people driving that company are genuine guys trying to start a company or feel they have the managment expertise to start and grow their idea into a successful business. But for forum members who would want my view point on this. I think you should not buy this share because the company has no structures, no existing client base, the founders have zero experience in managing a stock broking firm, there are a lot of other firms that have more expertise with years of experience to back it up. Also, selling the stock @ 95k for a 50k share didnt help their case at all. Other broking firms that are actually registered with sec, have a client base, have actually had financial performance history are selling N1 for N1.70K i.e 50K share for 85K, profundng with all the institutional backing will sell @ about N1.40K, Golden securities is selling @ N1, Valueline is selling @ 85K, Resort savings sold @50K, Au can someone justify buying a company "leadstone for 95K, thats simply Ludicrous! unless we are investing based on lottery. Just close your eyes and any document you see in ur vision or dreams you invest! but thats not the way. so the odds against this investment is monumental when you have a host of other choices. IF Leadcapital can be selling 50K share for N1.50K I think Leadstone should be selling at 1K if you ask me because the risk factor is just so huge. am not saying people shouldnt invest but you have to know the odds for and against every investment decision your making! risk factor is important and then you have so many alternatives. I just didnt see enough reason from the guy promoting this offer to buy it instead of others in the market. Also, worrisome is the fact that the people behind the offer appear reluctant to put their names and profile in the memorandum, also there was a largely unsubstantiated claim that they mobilised 20,000 people to invest in shares. may be they should have told those people to contribute N10,000 each thats (N200 million) and help them start the stock broking firm and after they have at least a few months of performance they can invite us! I saw the mode of payment includes cash . kind of funny too. It seems if you meet one of the owners on the road You can count the money right there and then and give him.. sounds like somebody selling pepper in the market kind of business.. Also their projections was titled year 1, year 2 etc sounds like that year 1 may be infinite. cos it can be any year. based on the above facts I will conclude that this offer is a non starter with me. However, If you have too much money and you just want to take risk and consider that the money has 90% chance of retuning nothing then you can invest because thats au to learn. Last edited by creflo : 8th April 2008 at 09:55 PM. Reason: typo error |
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My People,
I feel so sad at the content of ask4ugo post. Since I joined this forum, my appetite has grown even more, my knowledge has increased and my facts are accurate. I will resist any attempt by any guise to corrupt the values and decency of this forum, I'm very passionate about this forum, that I will defend it at any cause. I know it is a public forum, but there must be some decency, we should discourage any form of soliciting or marketing gimmicks, ask4ugo if truly innocent should have simply made he contribution and not solicit members to buy into this abyss. Please, leadstone or leadrock or whatever should be cast away, I think we can take a stand on behalf of other less informed members to say this is a NO GO. Talking about PP’s from Stock brokering firms, I met someone working with SEC and he confirmed to me that there is currently an impasse in the house as to the viability of allowing these firms to list on the NSE. There is an element of conflict of Interest here. One school of thought is that will brokering firms be allowed trade on their own shares?? Another school is saying why not, do banks not own brokering firms and what stops them buying their own shares?? So this debate is going on, so he has advised me to hold on and watch. Me I dey wait ohh. |
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Brokerage houses are listed in other stock exchanges the world over, so SEC/NSE should find out how these exchanges handle such issues. But i agree we should all be careful. The question we should ask ourselves is if this company does not list, do we care? Last edited by zainabusman : 8th April 2008 at 11:29 PM. |
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http://www.leadstoneinvestment.com/l...brochur e.pdf
The prospectus for Leadstone for those interested
__________________
Advice is one thing that is freely given away, but watch that you take only what is worth having |
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i will try n print the form later today so expect to get it latest 2morow,but wat do u no abt the coy cos its like every tom,dick n harry coys are doin pp now.we shuld be careful abt some of them
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i agree lets take it easy with ask4ugo he's only trying to tell us wat he knows abt leadstone, i also have their book.he's not the one to decide for us whether to buy or not
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I am eternally grateful for being a member of this forum though, i just registeres today. WRT to this pp stuff, i see why those in lagos make it big from trading in stocks cos they always get to know first.
I have read through this thread and the posts and can't help but commend the forum for putting stuffs like this together. I have never participated in any pp yet but i think am better positioned to take full advantage of it. one of my porblems has been a timely source ofinformation but this could well be a thing of the past now that i have found such site and forum. ![]() |
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I this is indeed a good info sight to share and learn. So which PP have u heard about? ![]() Have a gr8 w/end Cheers |
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it seems leadstone is just a consultancy firm projecting to be a stock / capital market player form the little i ahve read thus the pp..tahts really great i would like to buy into that but i am wary of little infor on the mgt team.Since u know and have dealings with them it would be appreciated if u give more infor on the mgt team of leadstone......NOTE: the chairman didnt sign his letter even....maybe a new props is needed!!!!!????? |
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Did you guys notice an advert by this same company on proshare?
Personal Finance News and Analysis, Features, and Tools I am sure it is just an advert, I don't think proshare endorsed its content. I just wanted to bring it to your attention. |
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