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KENOL/KOBIL
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VituVingiSana
#531 Posted : Saturday, August 21, 2010 11:08:45 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,368
Location: Nairobi
I spoke to a lawyer (just a friendly conversation without all details) who said that KK might be able to approach the courts to 'deposit' the KShs 530mn or so... [Or issue an irrevocable Bank Guarantee]

KPRL can then be compelled under a certificate of urgency to allow crude to be processed at the old rates... any 'difference' to be deposited with the courts...

ERC wud have no cause to suspend KK... MoE would also shut up... Then the court/arbitration process would start...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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qw25041985
#532 Posted : Saturday, August 21, 2010 11:17:59 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
The bottom line is that Kk shld nw act . Either pay the deposit or whatever ....coz from the locks of things erc isnt jokin .
Your future depends on your dreams so go to sleep !
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BGL
#533 Posted : Sunday, August 22, 2010 12:57:34 AM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
qw25041985 wrote:
The bottom line is that Kk shld nw act . Either pay the deposit or whatever ....coz from the locks of things erc isnt jokin .


I agree with qw! When you have two evils, you chose the lesser evil. Nani kali kati ya ManU na Arsenali...sorry Kenol Kobil vs ERC/KPRL. Let me explain, Bravado mentality display by KK is finally toning down. Infact they will have to PAY..period. Not because they want to pay but because it is the only option. In as much as KPRL is inefficient, the consequence of hardline stance is grave.. suspended/revoked license is even more worse.
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
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VituVingiSana
#534 Posted : Sunday, August 22, 2010 1:15:42 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,368
Location: Nairobi
BGL wrote:
qw25041985 wrote:
The bottom line is that Kk shld nw act . Either pay the deposit or whatever ....coz from the locks of things erc isnt jokin .


I agree with qw! When you have two evils, you chose the lesser evil. Nani kali kati ya ManU na Arsenali...sorry Kenol Kobil vs ERC/KPRL. Let me explain, Bravado mentality display by KK is finally toning down. Infact they will have to PAY..period. Not because they want to pay but because it is the only option. In as much as KPRL is inefficient, the consequence of hardline stance is grave.. suspended/revoked license is even more worse.
Therein lies the difference in our positions... KK should NOT pay KPRL directly... but pay the 'court' while the dispute is resolved thru arbitration or court process...

Also KK has a KShs 5bn lawsuits against KPRL... & should they win... KPRL will be BANKRUPT...

KPC is appealing a KShs 4bn arbitration ruling... LOL... I hope KPC loses the ruling so KK can wipe the floor clean with KPC's bum!!!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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youcan'tstopusnow
#535 Posted : Monday, August 23, 2010 11:09:51 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
No chance of this baby going below nine. No chance. KK ni 'kichwa ngumu'. It can withstand a heavy barrage of negative press, as has been proven in the recent past
GOD BLESS YOUR LIFE
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VituVingiSana
#536 Posted : Monday, August 23, 2010 12:50:14 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,368
Location: Nairobi
SELL, SELL, SELL, SELL... (next week)

coz I wanna buy... lakini next week... sina chapaa @ the moment!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Monday, August 23, 2010 12:51 PM | Reason: Not specified
girlabouttown
#537 Posted : Monday, August 23, 2010 1:31:46 PM
Rank: New-farer

Joined: 8/8/2010
Posts: 7
Location: Nairobi
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Horton
#538 Posted : Monday, August 23, 2010 2:14:23 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
BGL wrote:
qw25041985 wrote:
The bottom line is that Kk shld nw act . Either pay the deposit or whatever ....coz from the locks of things erc isnt jokin .


I agree with qw! When you have two evils, you chose the lesser evil. Nani kali kati ya ManU na Arsenali...sorry Kenol Kobil vs ERC/KPRL. Let me explain, Bravado mentality display by KK is finally toning down. Infact they will have to PAY..period. Not because they want to pay but because it is the only option. In as much as KPRL is inefficient, the consequence of hardline stance is grave.. suspended/revoked license is even more worse.



ERC can't afford to lose kk in the Kenyan market. The vacuum that 20% market share would be quite devastating for our fragile yet growing economy. Pure vitisho!!
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  | | Edit by user: Monday, August 23, 2010 2:21 PM | Reason: Not specified
BGL
#539 Posted : Monday, August 23, 2010 5:58:55 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
I would wish to see KK maintain the Bravado..so that we can gauge whether ERC can bite or its a toothless bulldog.
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
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Horton
#540 Posted : Monday, August 23, 2010 8:02:35 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
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