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Private Placements Discuss Nigerian Private placements here. Unlike a public offering, a private placement is a direct private offering of stocks to a limited number of sophisticated investors.

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  #1 (permalink)  
Old 14th April 2008, 02:40 PM
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Default Accord Savings And Loans

ALL,
I called the company to make inquiries about their plans for re-positioning the mortgage bank. Specifically to know if and when they will be raising funds through pp.
I was told they would be doing a pp around may/june. I however promised to follow up though the lady was keen about my opening an account with them so as to make my buying into the pp much easier
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Old 14th April 2008, 04:58 PM
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Originally Posted by faoogoke View Post
ALL,
I called the company to make inquiries about their plans for re-positioning the mortgage bank. Specifically to know if and when they will be raising funds through pp.
I was told they would be doing a pp around may/june. I however promised to follow up though the lady was keen about my opening an account with them so as to make my buying into the pp much easier
Thanks for information the house about this. We will put it in our radar.

Is it possibel someone in the house has a research report or rating of Savings & Loans?

This is to enable us know which ones are doing very well or badly. This will guide to knowing which ones to invest in.
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Old 14th April 2008, 08:01 PM
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Default CBN blacklists Accord

I believe ACCORD COMMUNITY BANK is a subsidiary of Accord Savings and Loans Ltd (as the 2 coys are located in the same building), Accord Comm. Bank was blacklisted as a failed bank by CBN's OFID (other financial institutions).

For these singular reason, my verdict is NO!!!! (to the PP). Check link:
http://www.cenbank.org/OUT/CIRCULARS...ID-12-2007.PDF

NO OFFENSE TO Faoogoke (RESPECT)

Last edited by maxiakala; 14th April 2008 at 08:04 PM.
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Old 14th April 2008, 09:09 PM
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Originally Posted by maxiakala View Post
I believe ACCORD COMMUNITY BANK is a subsidiary of Accord Savings and Loans Ltd (as the 2 coys are located in the same building), Accord Comm. Bank was blacklisted as a failed bank by CBN's OFID (other financial institutions).

For these singular reason, my verdict is NO!!!! (to the PP). Check link:
http://www.cenbank.org/OUT/CIRCULARS...ID-12-2007.PDF

NO OFFENSE TO Faoogoke (RESPECT)
Thanks for the heads up
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Old 14th April 2008, 10:43 PM
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Thanks for the heads up
Thanks for the link. There are actually 149 of them that have closed shop.

When it comes to Savings & Loans, I think we are all threading in murky waters.

How are we sure we don't have more than 149 and maybe the CBN list is not up to date.

I think we should treat this sector with caution though I am of the opinion it is the next sector to watch out for.
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Old 15th April 2008, 08:17 AM
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Originally Posted by maxiakala View Post
I believe ACCORD COMMUNITY BANK is a subsidiary of Accord Savings and Loans Ltd (as the 2 coys are located in the same building), Accord Comm. Bank was blacklisted as a failed bank by CBN's OFID (other financial institutions).

For these singular reason, my verdict is NO!!!! (to the PP). Check link:
http://www.cenbank.org/OUT/CIRCULARS...ID-12-2007.PDF

NO OFFENSE TO Faoogoke (RESPECT)
Good one Maxiakala! Let's all keep on the watch for more negatives or positives about the coy. It will guide our investment decision.
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