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KenolKobil 2018 and beyond
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enyands
#441 Posted : Friday, February 22, 2019 7:44:21 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
murchr wrote:
enyands wrote:
who has that form that i'm supposed to sign for "take over offer" . I went to their website looking for the form and its very ambiguous and no where to be seen

also what are the repercussions incase i refuse to sign the take over offer? will my shares be taken to Unclaimed assets ama

please assist


You are locked in.....you will be a part owner of Rubis with no say and possibly no way to get out. The information was out there to either reach out to your broker or the assigned people. You can ask those who got locked in Access to tell you their experience


sante , will talk to my broker somehow . thanks
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muganda
#442 Posted : Friday, March 08, 2019 4:04:01 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Acceptance rate 97.6% smile
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murchr
#443 Posted : Friday, March 08, 2019 4:09:09 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Excellent
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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drogon
#444 Posted : Friday, March 08, 2019 4:59:05 PM
Rank: New-farer

Joined: 11/28/2018
Posts: 42
Location: Nairobi
enyands wrote:
murchr wrote:
enyands wrote:
who has that form that i'm supposed to sign for "take over offer" . I went to their website looking for the form and its very ambiguous and no where to be seen

also what are the repercussions incase i refuse to sign the take over offer? will my shares be taken to Unclaimed assets ama

please assist


You are locked in.....you will be a part owner of Rubis with no say and possibly no way to get out. The information was out there to either reach out to your broker or the assigned people. You can ask those who got locked in Access to tell you their experience


sante , will talk to my broker somehow . thanks



Boss, that's not true.
Since the terms of the offer have been satisfied, Rubis will do compulsory buy-out of remaining shares at KES 23.
Jus wait for money....Sahau kenol-Kobil.
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obiero
#445 Posted : Friday, March 08, 2019 5:50:53 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
drogon wrote:
enyands wrote:
murchr wrote:
enyands wrote:
who has that form that i'm supposed to sign for "take over offer" . I went to their website looking for the form and its very ambiguous and no where to be seen

also what are the repercussions incase i refuse to sign the take over offer? will my shares be taken to Unclaimed assets ama

please assist


You are locked in.....you will be a part owner of Rubis with no say and possibly no way to get out. The information was out there to either reach out to your broker or the assigned people. You can ask those who got locked in Access to tell you their experience


sante , will talk to my broker somehow . thanks



Boss, that's not true.
Since the terms of the offer have been satisfied, Rubis will do compulsory buy-out of remaining shares at KES 23.
Jus wait for money....Sahau kenol-Kobil.

They have referred to it as a 'squeeze out' and asked for an enhanced suspension of the share in facilitation of the same

KQ ABP 4.26
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jmbada
#446 Posted : Friday, March 08, 2019 6:03:41 PM
Rank: Member

Joined: 1/1/2011
Posts: 396
muganda wrote:
Acceptance rate 97.6% smile


Squeeze outs are essentially unconstitutional. No one can legally force you to sell your shares under any circumstances. The only problems you will encounter will be that your shares are now illiquid, you have no say in meetings of any sort, etc. But you will be entitled to your pro-rata dividends without fail.
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obiero
#447 Posted : Friday, March 08, 2019 6:05:54 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
jmbada wrote:
muganda wrote:
Acceptance rate 97.6% smile


Squeeze outs are essentially unconstitutional. No one can legally force you to sell your shares under any circumstances. The only problems you will encounter will be that your shares are now illiquid, you have no say in meetings of any sort, etc. But you will be entitled to your pro-rata dividends without fail.

Our Kenyan legal system in this case will aid no one. The judiciary is our weakest link as a people. Rubis will buy out any judge to get the 100%. This buyout was littered with fraud and the KK shareholders are very lucky.

KQ ABP 4.26
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  | | Edit by user: Friday, March 08, 2019 6:07 PM | Reason: Not specified
VituVingiSana
#448 Posted : Friday, March 08, 2019 7:35:18 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Driven by hunger, a fox tried to reach some grapes hanging high on the vine but was unable to, although he leaped with all his strength. As he went away, the fox remarked 'Oh, you aren't even ripe yet! I don't need any sour grapes.'

People who speak disparagingly of things that they cannot attain would do well to apply this story to themselves.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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murchr
#449 Posted : Friday, March 08, 2019 7:42:14 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
obiero wrote:
jmbada wrote:
muganda wrote:
Acceptance rate 97.6% smile


Squeeze outs are essentially unconstitutional. No one can legally force you to sell your shares under any circumstances. The only problems you will encounter will be that your shares are now illiquid, you have no say in meetings of any sort, etc. But you will be entitled to your pro-rata dividends without fail.


Our Kenyan legal system in this case will aid no one. The judiciary is our weakest link as a people. Rubis will buy out any judge to get the 100%. This buyout was littered with fraud and the KK shareholders are very lucky.


Have squeeze outs happened before? I don't even think there's a law allowing that. I hope those who did not submit their forms will not stop the party for everyone else.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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VituVingiSana
#450 Posted : Friday, March 08, 2019 10:01:41 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Rubis will probably pay off those who submitted their shares.
4 days and counting! Applause Applause Applause

The 3% can wait for their payout later. Or not. I don't care.

I wonder if the AKS group will get their share of the pie...

https://www.rubis-offer.co.ke
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Friday, March 08, 2019 10:08 PM | Reason: Not specified
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