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Atlas Africa Industries Suspended
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Sober
#31 Posted : Friday, August 04, 2017 10:35:14 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
Ethiopia Exit

What an unfortunate time for those who have the Atlas Shares in their holding. CMA should stipulate clear guidelines on how to handle such, and even a recovery mode for the shareholders. In Ethiopia, some amount had been frozen in their bank accounts.Sad
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Fyatu
#32 Posted : Monday, September 11, 2017 8:38:10 AM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,822
Location: Nakuru
Pesa Nane wrote:
90 days for starters




Its way over 90 days. Does this mean CMA is toothless?
Dumb money becomes dumb only when it listens to smart money
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obiero
#33 Posted : Monday, September 11, 2017 11:46:06 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,326
Location: nairobi
Fyatu wrote:
Pesa Nane wrote:
90 days for starters




Its way over 90 days. Does this mean CMA is toothless?

Very saddened by this bandia firm.. The less we talk about it the better
COOP, IMH, KEGN, KQ, MTNU
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Fyatu
#34 Posted : Monday, October 30, 2017 10:56:35 AM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,822
Location: Nakuru
Is there hope of me getting my money that i invested in this firm?? What happens to shareholders when firms are de-listed from NSE?
Dumb money becomes dumb only when it listens to smart money
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obiero
#35 Posted : Monday, October 30, 2017 12:12:58 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,326
Location: nairobi
Fyatu wrote:
Is there hope of me getting my money that i invested in this firm?? What happens to shareholders when firms are de-listed from NSE?

It would depend on the circumstances leading to delisting. Some do pay, but in this specific case, the deposit protection fund may need to reimburse the mandatory balance.. It's minimal though
COOP, IMH, KEGN, KQ, MTNU
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Fyatu
#36 Posted : Monday, October 30, 2017 12:24:08 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,822
Location: Nakuru
obiero wrote:
Fyatu wrote:
Is there hope of me getting my money that i invested in this firm?? What happens to shareholders when firms are de-listed from NSE?

It would depend on the circumstances leading to delisting. Some do pay, but in this specific case, the deposit protection fund may need to reimburse the mandatory balance.. It's minimal though


Thanks
Dumb money becomes dumb only when it listens to smart money
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Fyatu
#37 Posted : Friday, December 08, 2017 12:44:58 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,822
Location: Nakuru
This is how wanjiku was shafted(yours truly included).At the risk of sounding racists, it is my opinion that wazungus should not be trusted especially Brits and Africa born brits. Phil Edmonds and Andrew Groves and by extension Carl Esprey ni wakora...see link below


LINK


Dumb money becomes dumb only when it listens to smart money
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  | | Edit by user: Friday, December 08, 2017 12:59 PM | Reason: Not specified
VituVingiSana
#38 Posted : Friday, December 08, 2017 4:06:40 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,382
Location: Nairobi
Fyatu wrote:
This is how wanjiku was shafted(yours truly included).At the risk of sounding racists, it is my opinion that wazungus should not be trusted especially Brits and Africa born brits. Phil Edmonds and Andrew Groves and by extension Carl Esprey ni wakora...see link below


LINK


Crooks come in all shades. Naikuni, Merali, Matu, etc...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#39 Posted : Friday, December 08, 2017 6:12:16 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,326
Location: nairobi
VituVingiSana wrote:
Fyatu wrote:
This is how wanjiku was shafted(yours truly included).At the risk of sounding racists, it is my opinion that wazungus should not be trusted especially Brits and Africa born brits. Phil Edmonds and Andrew Groves and by extension Carl Esprey ni wakora...see link below


LINK


Crooks come in all shades. Naikuni, Merali, Matu, etc...

Ciano was the worst.. Looking soo holy but devious indeed
COOP, IMH, KEGN, KQ, MTNU
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Fyatu
#40 Posted : Thursday, January 04, 2018 1:01:37 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,822
Location: Nakuru
Now even the website has been pulled down

LINK
Dumb money becomes dumb only when it listens to smart money
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