this co. is so well equipped with weapons of mass destruction in short term, medium term and long term.
Having successfully decimated shareholders wealth by coming in to rise capital in a depressed capital market the management did succeed to:-
1. issues a dilutive rights
2. force owners into non escapable position by issuing notice in such short a time that the shareholders had no time to adjust to the reality of their predicaments and are now being forced to put water into the glass or borrow from the neighbour kanyqri style to defend their inescapable positions. argh prisoner's dilema has left shareholder spooked here and the situation is not changing any time soon.
3. kengjinx are not over yet. so desperate to even out its debt to equity ratio that any price, however low and weird, would do despite the consequent destruction of shareholder's wealth. holy my
4. the co.s is not even done with the owners yet. the do not care altitude exhibited by the drivers of this co is mind boggling. only a small portion of the newly created shares were issued as rights. monkey business, discount periods are not yet over. many a times rights are issued at a discount to the market, hence undermining capital gains. with another excessively suffocatingly dilutive rights issues hanging in the air, can u see what a freaking break future it is going to be in here.
5. rights in a market experiencing hard external capital rationing will likely cause fright due to difficulties in raising further money to defend the rights(Wanjiku will buy sukuma ama ni rights), postponing the same indefinitely worsens the situation as sellers panic to exit at any time at any given discounted price. capital gains destruction central, Bp, sukari, salts Na erectile disfx/dry moments central
6. yes, what do you feel. taking a dive from a sky scraper. nonsense. fattening is what happened to u. ppt was effective, and the butcher is having a wonderful moment with the dagger.
when is the next rights issue likely to come through.

Enyewe si ya maana. Wanjiku is already screwed nice and proper here .It's a take it or leave it

Avoid GoK controlled firms. I can see how NBK shareholders are feeling with those preference shares

1 Million plus shares traded a minute ago!!!!

@nashx if you do an harambee at your home town for your medical bills, and very few well wishers turn to your aid such that your financial targets are not met what do you think will be happen and miserably if its for burial arrangements what happens. and if its for your education what happens, and if its for your medical needs what happens.
1. u stay without.
2. you become pecuniary embarrassed till you become a pauper
3. probably you will be branded bankrupt coz of failure to meet your immediate financial obligations
4. you are forced to sell your property and start selling mukomero by the road side
5. you will attract less dowry for your girls coz few suitors are interested in your girls or boys.
simply a rights issue is a confidence affair, you fail you get into the menu assap.