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Fountain Enterprises Programme - FEP
Ebenyo
#271 Posted : Saturday, July 06, 2019 1:21:55 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
BGL wrote:
I still do not trust these *MIKORAs* of FEP.



Very painful indeed.Buying one share at kshs 200,000.Then it trades at kshs 21 at over the counter trading.
Towards the goal of financial freedom
newfarer
#272 Posted : Saturday, July 06, 2019 2:09:21 PM
Rank: Elder

Joined: 3/19/2010
Posts: 3,505
Location: Uganda
Ebenyo wrote:
BGL wrote:
I still do not trust these *MIKORAs* of FEP.



Very painful indeed.Buying one share at kshs 200,000.Then it trades at kshs 21 at over the counter trading.



See!!Which share did you buy at Kshs 200k and which one is trading at kshs21

are you a shareholder?

do you know what you bought in to?

doesn't vituvingisana say that you should not invest in what you don't understand?

how many are the issued shares of Fep currently?

I think I expect more from enlightened wazuans not just rumours

Fep has a potential of succeeding or failing just like any other business.it has made mistakes in the past but now stands a better chance of reviving and taking off with all the lessons learnt.

I would be happy to see this indegeous unique model succeed not everything successful should be imported.
punda amecheka
Gathige
#273 Posted : Saturday, July 06, 2019 2:35:21 PM
Rank: Elder

Joined: 3/29/2011
Posts: 2,242
Ebenyo wrote:
BGL wrote:
I still do not trust these *MIKORAs* of FEP.



Very painful indeed.Buying one share at kshs 200,000.Then it trades at kshs 21 at over the counter trading.



That's price discovery precisely. The stock has found its rightful price.
"Things that matter most must never be at the mercy of things that matter least." Goethe
enyands
#274 Posted : Saturday, July 06, 2019 5:03:33 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Ebenyo wrote:
BGL wrote:
I still do not trust these *MIKORAs* of FEP.



Very painful indeed.Buying one share at kshs 200,000.Then it trades at kshs 21 at over the counter trading.

Aaii brother long time, but it was not this way . Najua they made massive errors here and there but one share wasnt 200,000 rather it was 14 before it traded over the counter .

With your initial 200,000 it was equivalent to 1 founder share which they did splits here and there before it reached over the counter.Then one founder share became 14,000 shares . In real sense your initial 200,000 value is now 14,000x21= ksh 294,000 and not ksh21 as you say. Still the same I'm just on the fence looking.
BGL
#275 Posted : Monday, July 08, 2019 10:02:35 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
I don't like these mikoras of FEP but I will state the facts. My 1 share purchased for 200k was split to 13200 shares... I got a share certificate of this useless company as proof of ownership.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
jmbada
#276 Posted : Tuesday, October 15, 2019 9:09:36 AM
Rank: Member

Joined: 1/1/2011
Posts: 396
BGL wrote:
I don't like these mikoras of FEP but I will state the facts. My 1 share purchased for 200k was split to 13200 shares... I got a share certificate of this useless company as proof of ownership.

This implies a buying cost of KES15.15/share vs. the current quote of KES21 over the counter. Is this not a an appreciation in your share price?
Separate question: who gives the over the counter quote and are you able to actually sell any of your shares for the KES21?
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