Private Placements

[alanbow]

Hi Whatsup,

For the IGI PP , you may need to go to thier head office or send someone there, it is not posted anywhere.

My undertsanding is that the PP for red star happened three months ago. Infact I heard about it from one of thier AGMs today.

Maybe we wll keep our ears out for the next good one.

[whatsup]

Helle there,

does anybody know if the IGI pp is definately no longer accepting deposits, and if so what is the minimum investment.

Secondly is the ASo saving definately "closed"

Thanks people, lets cooperate and grow together

[Avocado]

Well, it's probably best to ask a stockbroker in the know, or to ask at the IGI office.

At this location you can contact IGI agents by email.

IGI Branches can be found here

It's quite strange there's no direct contact to IGI on their website by email or phone; but a list of IGI Subsidiaries is here with contact telephone numbers.

You could let u sknow what you find.

.

[whatsup]

Thanks for the info, i was told i was too late and did not get it. If i hear about another good one on time i will post it here.

[eriksbmw]

Well said....I think this is the attitude we all need to adopt to assist on another in our quest for wealth creation !

[Geeman]

Originally Posted by whatsup

Thanks for the info, i was told i was too late and did not get it. If i hear about another good one on time i will post it here.

You can still get International Energy and Guinea Insurance stocks through PP although they are "officially closed." You may have to pay a premium to get it "unofficially." I was approached only yesterday and action is required by Wednesday this week. Talk to your broker.

[anekwlc]

Please who are the directors of International Energy and what is the core business of the company. I have not heard this name before

[balaliyu]

Hello Geeman/All,

I do agree that a forum to share information on available private placements is really good - and im willing to be part of it. The risk level like some of you ahve mentioned is relatively low, and financing could be overcome with available facilities these days.

For example - did you know that GT Asurance, International Energy Insurance and Intercontinental Homes recently concluded a Private placement. As penny stocks - these were goldmines. We should think of some sort of notification system to plug into these things....

Im open to your suggestions....

Bala

[Curious]

Hello All,

Anyone know when IEI will be listing. I heard at somepoint in late June / early July?

[smallest]

Originally Posted by Geeman

You can still get International Energy and Guinea Insurance stocks through PP although they are "officially closed." You may have to pay a premium to get it "unofficially." I was approached only yesterday and action is required by Wednesday this week. Talk to your broker.

Does this sound right! Just got offered IEI today by my guy @ N1.00. It sounds like a very large mark up.

[eriksbmw]

The PP price for IEI was 70k....N1.00 is still a good price....go for it !

IEI have applied for listing on the Exchnage....think the listed price will be N1.50.

Govt. policy states that there must be 45% local insurance content in the energy industry.....so its almost certain to tripple in value shortly.

Can you link me with this guys asap so I can buy more ?

[Geeman]

Well, the official price is 70k, I was offered for 90k, but when I was ready to pay, they said, I was too late.
Guinea was for 90k, 30k above its official price. Does it sound right? Not to me, but do you consider the stock as having good potentials? Then you pay the premium.

[Gengen]

Some 15 years ago, a friend introduced me to trading in stocks. I did not have the knowledge I had about stocks then.

I started and I was 419ed. I and some colleagues were told to issue checks in people's names, supposed sellers of the shares and not in the stockbroker's name by a person working for a stock broking house. His reason was that he will be able to buy the share easier that way and make his cut. Trading was done on a weekly basis then (I think).

As is most scams, the first 2 to 3 deals worked out fine and were successful with buying shares of Nigerian Breweries, Cadbury, etc.

However, much later, with the appreciation, more people followed this route and of course, more money. One day, he just dissappeared. For over three months we searched for him without success. We finally gave up. A colleague lost over N1 million, another N500,000, mine Nxx,xxx. These are 1993 Naira values. I forgot about dealing in shares for the next ten years before I recovered and ventured back.

My Principles and My Advice:

• DO EVERYTHING ACCORDING TO THE BOOKS
• DO NOT PAY LESS OR MORE
• DO NOT TRY TO BYPASS COMMISIONS
• DO NOT SEEK "EXTRA" FAVOURS
• USE THE BEST PROFESSIONAL STOCKBROKER

My people say, it is good to learn from other people's mistakes. My conscience is clear now that I have shared this experience of mine.
If you go through the 'back side', anything wey commot, na you go take your head carry am o!

[dotunk]

right you are my mine.

the right way works all the time... may be slow but it definately works.

so stick with it.

[Onwuka Iroabuchi, S]

Your dealer has to cover tracks...if she is accredited then you have a legal case; however, offerings and buy backs are not the same. As long she converted the deal I think she is still okay...option wise

[smallest]

@ ericsbmw
i'll confirm & get back 2 u asap.

@ Gengen
Thanks for the heads up, but do you believe there's something wrong with the way i'm going about getting the IEI?

@ All
This is the first time i'm getting a pp through this broker, and i can only be responsible for my own stuff. If he's willing and not doing anything wrong, i'll gladly post his contact details for anyone intrested.

[whatsup]

@Everyone

Does anybody know where I can get the pp form online for Guinea Insurance. All the links on their website is dead and it is quite urgent.

I appreciate.

[balaliyu]

Originally Posted by whatsup

@Everyone

Does anybody know where I can get the pp form online for Guinea Insurance. All the links on their website is dead and it is quite urgent.

I appreciate.

In my few years of investing....I'd never come across a PP form online -- the idea is that the transaction should be Private between the prospective Investor and the receiving agent. Usually only Public offers are readily available online....

Your best bet is through your broker, especially as you are seeking to buy "unofficially". I think you'd have to execute a transfer form, with whoever is ofering you the shares, and most likely the premium will paid in his/her name...not to Guinea Insurance.....talk to your broker - and be careful!!!

Cheers...Bala