Multiverse

[lekepeter]

hi guys anyone with information about this company, MULTIVERSE RESOURCES LIMITED.they are out for a pp.
100,000 unit min. at 1.50k
they are a minning company,right now i have less info about the pp

[Busy bee]

Originally Posted by lekepeter

hi guys anyone with information about this company, MULTIVERSE RESOURCES LIMITED.they are out for a pp.
100,000 unit min. at 1.50k
they are a minning company,right now i have less info about the pp

I also heard about this PP yesterday and have searched the net but very litle info on their website. multiversequarry.net

I heard it's just 95kobo, but the broker has added on 50kobo premium to it. If anyone has any info about this pp or better still placement prospectus / memorandum please.

Thanks all.

Busy Bee

[andico26]

the application for this pp is on the original stamped forms just like the omatek pp. it is of no use pasting it here. I will paste the scanned pages of the prospectus in the evening. The agents are selling it at N1.20 -N1.50 per share

[tonidol]

Originally Posted by andico26

the application for this pp is on the original stamped forms just like the omatek pp. it is of no use pasting it here. I will paste the scanned pages of the prospectus in the evening. The agents are selling it at N1.20 -N1.50 per share

Why is the PP selling at a range price? You guys need to be careful in engaging your self in absurd transactions.

What price was reflected on their published memorandum?

[yusuff]

@adicol 26
We are still waiting for the scanned copy.Who are broker selling this pp .I am interested

[zainabusman]

Originally Posted by yusuff

@adicol 26
We are still waiting for the scanned copy.Who are broker selling this pp .I am interested

The PP is packaged by Afribank Capital and the much maligned Cashcraft!

The price is N0.95 for a minimum of 100,000 units. It closes tommorrow and the shares on offer is only 1.1 billion. Unfortunately, there is no e copy of the prospectus so i cant post it.

Furthermore, the forms are numbered and u can only submit the numbered form. Photocopies not allowed.

This offer is going to be oversubscribed. I was at Afribank Capital today and i saw from their list they have issued out over 1300 forms. They keep a list of names of people who collected the forms! If u add to what Cashcraft will issue, then the whole thing will be crazy. I decided to forgo it for this simple reason.

[retire_at_28]

cashcraft and i think afribank

[andico26]

The much maligned cashcraft is a junior partner to the offer, about 20%. Almost sidelined by afribank so u have nothing to fear. If you are doing it go through afribank

[Busy bee]

adicol 26,

You were going to post a copy of the multiverse prospectus or memo for analysis. Or would anyone who has it please do so.

Thanks all,

Busy bee

[solainvest]

Did anyone read the memorandum/PP document on this company?

Can you provide a summary?

Who are those in the management of this company?

[yang2005]

All:
We should not invest in such companies that take list of investors. I think they lack integrity. They have no business in NSE. They should be turn over to EFCC as a 419 company.

Yes it is PP, but should be transparent in the process.

[zainabusman]

Originally Posted by yang2005

All:
We should not invest in such companies that take list of investors. I think they lack integrity. They have no business in NSE. They should be turn over to EFCC as a 419 company.

Yes it is PP, but should be transparent in the process.

What is wrong with taking a list of people who collected form? Please explain.

It was Afribank that took the list not Multiverse.

At the end of the day, the issuing house must compile such a list of all applicants that submitted forms. It is from such a list the allotment will be made.

[AbsoluT]

i got a text saying pp at N1.20 (offer 95k). Listing 1st week Aug @ N2.10.

Is the pp price realy 95k?

[zainabusman]

Originally Posted by AbsoluT

i got a text saying pp at N1.20 (offer 95k). Listing 1st week Aug @ N2.10.

Is the pp price realy 95k?

It is 95k. I have the form right in front of me.

[yang2005]

Can you help the group in scanning and posting the form? When is the closing date? Is your name added to the 1300 applicants?

[Busy bee]

Originally Posted by zainabusman

It is 95k. I have the form right in front of me.

Please help the house by attaching a soft copy of the prospectus and also your analysis / opinion.

Thanks a mil!

Busy Bee

[zainabusman]

Originally Posted by yang2005

Can you help the group in scanning and posting the form? When is the closing date? Is your name added to the 1300 applicants?

Closing date is May 8th although i believe u can still submit upto the end of this week.

A scanned copy of the form will not help. Unfortunately, i could not get a copy of the prospectus from Afribank as they had no copies to give on the day i visited them.

Yes my name was taken as part of the list. But as i have said earlier i decided to forego it. I gave the original to a friend.

I will advice those interested and in Lagos to visit Afribank capital at Afribank Street in VI to see if they can get the form. I recommend you visit immediately since we have passed the closing date.

[greatcrown]

This look too scanty for any meaningful decision to be taken. I just hope it's not three late. May be for the record.