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sparkly
#1 Posted : Friday, December 23, 2011 9:18:46 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
The EAPCC board, including Kepha Tande MD has been suspended by Treasury for malpractice. For a listed company this really stinks.

The govnt owns less than 50%. Its strange that Treasury can unilaterally suspend the board.
Life is short. Live passionately.
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  | | Edit by user: Friday, December 23, 2011 9:28 PM | Reason: Not specified
Gordon Gekko
#2 Posted : Friday, December 23, 2011 9:55:23 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
The Govt, together with NSSF own a controlling majority.
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sparkly
#3 Posted : Saturday, December 24, 2011 4:30:59 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
@GG they own 48%
Life is short. Live passionately.
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youcan'tstopusnow
#4 Posted : Saturday, December 24, 2011 5:36:56 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
The transfer just eliminated the parastatal status of EAPC, nothing more. The NSSF workers retirement benefit scheme, who have a 4% stake, are unlikely to go against the two.
GOD BLESS YOUR LIFE
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sparkly
#5 Posted : Sunday, December 25, 2011 1:23:11 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
@GG and @YCSUN have you seen the DN P.22 today? Peter Korir has put an advert saying Karbolo and Tande are not authorised to transact for eapc. This is the making of a new CMC.
Life is short. Live passionately.
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  | | Edit by user: Sunday, December 25, 2011 1:29 PM | Reason: Not specified
youcan'tstopusnow
#6 Posted : Sunday, December 25, 2011 2:26:48 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
sparkly wrote:
@GG and @YCSUN have you seen the DN P.22 today? Peter Korir has put an advert saying Karbolo and Tande are not authorised to transact for eapc. This is the making of a new CMC.

Haha. I hope this is not the last listed firm to be exposed. Who's next?
GOD BLESS YOUR LIFE
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VituVingiSana
#7 Posted : Tuesday, December 27, 2011 12:24:59 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
How to kill a business... There is something funny & it starts in GoK...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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hisah
#8 Posted : Tuesday, December 27, 2011 4:24:48 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
CMC. Now portland... Bear markets & enterprise corruption connections. Why not during bull markets...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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FUNKY
#9 Posted : Tuesday, December 27, 2011 9:37:14 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
PORTLAND shares have been temporarily halted from trading at the NSE.
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mlennyma
#10 Posted : Tuesday, December 27, 2011 10:32:43 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Another monkey going crap.
"Don't let the fear of losing be greater than the excitement of winning."
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