whiteowl wrote:Horton wrote:kawi254 wrote:whiteowl wrote:Ericsson wrote:https://www.businessdailyafrica.com/news/Kenol-CEO-deleted-texts-before-insider/539546-4965486-8mtvg9/index.html
KenolKobil CEO David Ohana deleted selected text messages and call logs just hours before detectives raided his office, the stock market regulator has told the court in the ongoing investigations into suspected insider trading of the oil firm’s shares.
Capital Markets Authority (CMA) investigators have in affidavits said they believe that Mr Ohana and Mr Andre DeSimone, the chief executive of stockbrokerage firm Kestrel Capital, got a tip-off on the impending raid, leading them to clean their devices ahead of the raid and seizure of documents.
I told you nothing will be found.Now lets accept and move on
call/SMS logs can be gotten from Safaricom/Airtel.
A serious data recovery company would still recover deleted SMS but there is no motivation here. Let's move on.
The smartest guys in the room = Kestrel & AKS & Ohana.
Perhaps you guys finish reading the story! It says that the deleted messages were retrieved.
Anyone who has been in the NSE long enough knows how this story will end.I'm just waiting to feast on my 23/= in peace.
Though I do not believe Kestrel's DeSimone and KK's Ohana were complicit in the allegations. CMA might just be throwing mud to see what sticks. Even AKS might be a victim of circumstances.
I have been a fan of KK for years - through thick and thin, through insults and derision. You know the folks who laughed at me and made fun every time KK had a hurdle to jump but I believed in it.
Look at my posts going back many years. What if the timing of a purchase was just before the announcement?
I have often said cash is a constraint. What if I happened on some cash and bought KK shares when I could?
Currently I am buying Centum given the low P/B, positive comments [investor presentation for 1H 2018-19] and a better 2019 vs 2018. Cash remains a constraint BUT after KK's cash checks in I plan to buy more Centum.
Suppose just after my purchase of Centum (after the KK cash is in) there is a takeover announcement or other significant news - a sale of Two Rivers or Vipingo for cash to a foreign investor eg Old Mutual - am I complicit in Insider Trading?
We need to know more but not through half-baked articles in the BD.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett