Rank: Elder Joined: 2/10/2007 Posts: 1,587
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jerry wrote:@Tupac, &PKoli. Rem there wasn't much publicity on new applicants. @pkoli did a good job when she insisted (I hope I'm rt on gender) that the AGM had approved sale to new shareholders. I applied for more than 2,000 shares so I think I'm safe. So we wait and see. @Jerry; Thanks, I am a he. I attended the extra ordinary AGM that is why I insisted
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Rank: New-farer Joined: 12/21/2010 Posts: 9
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Hey guys any word out on the subscription rate yet?
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Rank: Member Joined: 12/8/2009 Posts: 274 Location: Ltktk
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yosie03 wrote:Hey guys any word out on the subscription rate yet? @all cic enthusiasts lead by @pkoli according to Business Daily today the rights issue has been oversubscribed. no figures yet. directors meet next month to decide whether to take the extra cash or return it to shareholders. ...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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@pkoli. We should 'lobby' them to take retain all the cash. We need those shares. The opposite of courage is not cowardice, it's conformity.
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Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi
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Sources reveal that directors are lobbying to have the extra cash taken in.But this is subject to an extra-ordinary AGM. Formally employed people often live their employers' dream & forget about their own.
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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TUPAC wrote:yosie03 wrote:Hey guys any word out on the subscription rate yet? @all cic enthusiasts lead by @pkoli according to Business Daily today the rights issue has been oversubscribed. no figures yet. directors meet next month to decide whether to take the extra cash or return it to shareholders. Depending on the subscription rate and the issued share capital, the directors should lobby to retain the cash. It was obvious the thing was going to be oversubscribed, especially after Coop bank increased its stake. For the patient people this will be an equivalent of another ARM, KCB and Equity in terms of growth.
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Rank: New-farer Joined: 12/21/2010 Posts: 9
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sounds good eeh....they should consider taking in all money and call us 4 the EGM.We are more than glad to approve it
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Rank: Member Joined: 9/21/2006 Posts: 422 Location: Nairobi
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SOME THING GOOD IS SMELLING EVEN THOUGH I ONLY APPLIED FOR ONLY 2K SHARES....@bird_man can those sources reveal the level of oversubscription?
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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Layman wrote:SOME THING GOOD IS SMELLING EVEN THOUGH I ONLY APPLIED FOR ONLY 2K SHARES....@bird_man can those sources reveal the level of oversubscription? You will have the opportunity to build the stock next year when it will be easily available on OTC
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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jerry wrote:@pkoli. We should 'lobby' them to take retain all the cash. We need those shares. I did not apply alot of additional shares since I already a substantial shareholding, but I would lobby for CIC to retain the cash, since I believe it will be better utilized for shareholder value.
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