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murchr
#701 Posted : Thursday, June 04, 2015 10:54:30 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
MaichBlack wrote:
streetwise wrote:
When you are busy talking about founder member visit one of thier branches and see the line of people opening accounts, buying shares and asking about taking a loan.

My only concern when the beocme a bank they will move their interest rates from 11.9% to 24% like Equity. Or will there be a deal for founder members ???

Question is, will the anticipated benefits accrue to all members proportionally or will they benefit founder members more??

In any deal, I would rather we make 10 million and you give my 5 million as opposed to "us" making 100 million and you give me 1 million! Get my point??

The total doesn't benefit me if I am up for the mother of all shafting!!!

Let them clear this "founder members" cloud in a binding manner. How hard can that be?


***Am thinking like an investor*** I dont understand why you think your 10K today should earn more or equal to the 10K of Mr farmer who brought this thing from Murang'a to the city.
"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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MaichBlack
#702 Posted : Thursday, June 04, 2015 11:08:54 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,836
murchr wrote:
MaichBlack wrote:
streetwise wrote:
When you are busy talking about founder member visit one of thier branches and see the line of people opening accounts, buying shares and asking about taking a loan.

My only concern when the beocme a bank they will move their interest rates from 11.9% to 24% like Equity. Or will there be a deal for founder members ???

Question is, will the anticipated benefits accrue to all members proportionally or will they benefit founder members more??

In any deal, I would rather we make 10 million and you give my 5 million as opposed to "us" making 100 million and you give me 1 million! Get my point??

The total doesn't benefit me if I am up for the mother of all shafting!!!

Let them clear this "founder members" cloud in a binding manner. How hard can that be?


***Am thinking like an investor*** I dont understand why you think your 10K today should earn more or equal to the 10K of Mr farmer who brought this thing from Murang'a to the city.

Have you been following this discussion???

No one has said that today's 10k should earn more than Mr. Farmer's. And I have complained in other threads about people making up stories and "facts" and using them as a basis of their argument. Is there an epidemic???

The shares should be treated equally!! And in cases where some shares are more equal than others, this should not be left to guess work. Put it in black and white!!!

"What about all the years Mr. Farmer has held this share?" you may ask. "What about all the the 8 - 10% annual dividends he has been earning all those years?" I may ask in reply!!! And Mr. Farmer will become rich because the new money will help transform the Sacco to a bank which will be eventually listed. Mr. Farmer and crew are not doing anyone a favour. If they could, they would have converted the Sacco to a Bank and listed it without ever inviting any of us to the party! Make no mistake!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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murchr
#703 Posted : Thursday, June 04, 2015 11:14:08 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
MaichBlack wrote:
murchr wrote:
MaichBlack wrote:
streetwise wrote:
When you are busy talking about founder member visit one of thier branches and see the line of people opening accounts, buying shares and asking about taking a loan.

My only concern when the beocme a bank they will move their interest rates from 11.9% to 24% like Equity. Or will there be a deal for founder members ???

Question is, will the anticipated benefits accrue to all members proportionally or will they benefit founder members more??

In any deal, I would rather we make 10 million and you give my 5 million as opposed to "us" making 100 million and you give me 1 million! Get my point??

The total doesn't benefit me if I am up for the mother of all shafting!!!

Let them clear this "founder members" cloud in a binding manner. How hard can that be?


***Am thinking like an investor*** I dont understand why you think your 10K today should earn more or equal to the 10K of Mr farmer who brought this thing from Murang'a to the city.

Have you been following this discussion???

No one has said that today's 10k should earn more than Mr. Farmer's. And I have complained in other threads about people making up stories and "facts" and using them as a basis of their argument. Is there an epidemic???

The shares should be treated equally!! And in cases where some shares are more equal than others, this should not be left to guess work. Put it in black and white!!!

"What about all the years Mr. Farmer has held this share?" you may ask. "What about all the the 8 - 10% annual dividends he has been earning all those years?" I may ask in reply!!! And Mr. Farmer will become rich because the new money will help transform the Sacco to a bank which will be eventually listed. Mr. Farmer and crew are not doing anyone a favour. If they could, they would have converted the Sacco to a Bank and listed it without ever inviting any of us to the party! Make no mistake!!



Yes i've been following you ranting around but i see you missed some post on this thread

Quote:
................... There was a bonus issue for shareholders from 2009 backwards. These were the shareholders who held shares before the opening of the bond (Notice that most Saccos have a common bond, e.g. A Sacco for government employees, Another for Company XYZ and such) to allow all Kenyans to join Unaitas. The shareholders who held the shares before the opening of the bond must have asked this question, We have built this organization to where it has come, now that we are opening the bond so that everyone who comes gains from the good foundation we have toiled to lay down, what is in it for us? And I guess in appreciation, of their pioneering spirit, they were given a bonus. Do they expect another bonus? I’d say, certainly not. .........................
"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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MaichBlack
#704 Posted : Thursday, June 04, 2015 11:15:26 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,836
If you toil to start and run a business then at one point you agree to sell me 70% of your business - exchange your shares for my money (which by the way I also toiled for) - don't bring me founder member crap!! You now own 30% of the business and I own 70%. I don't really care if you used to work a 100 hours a week when you were starting the business. That is why you didn't give me the 70% to me for free. I paid for it! Hapana leta emotions kwa biashara!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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MaichBlack
#705 Posted : Thursday, June 04, 2015 11:19:51 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,836
@murchr - Do yourself a favour and email Prof. Githu Muigai and Dr. Willy Mutunga and ask them if statements made on twitter and in wazua by a hello are legally binding!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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murchr
#706 Posted : Thursday, June 04, 2015 11:20:00 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
MaichBlack wrote:
If you toil to start and run a business then at one point you agree to sell me 70% of your business - exchange your shares for my money (which by the way I also toiled for) - don't bring me founder member crap!! You now own 30% of the business and I own 70%. I don't really care if you used to work a 100 hours a week when you were starting the business. That is why you didn't give me the 70% to me for free. I paid for it! Hapana leta emotions kwa biashara!!!


Wewe ndio unaleta emotions you either buy or keep off. Do your risk assessment and gauge your risk appetite...the decision is finally yours
"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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MaichBlack
#707 Posted : Thursday, June 04, 2015 11:22:53 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,836
At this rate, @guka will start refusing to pay for tea in restaurants because he is the founder member of the cow that produced the milk that was used to cook the tea! Na maziwa aliuza!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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murchr
#708 Posted : Thursday, June 04, 2015 11:25:17 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
MaichBlack wrote:
@murchr - Do yourself a favour and email Prof. Githu Muigai and Dr. Willy Mutunga and ask them if statements made on twitter and in wazua by a hello are legally binding!!!


Nothing from twitter.....hio yote iko kwa hii thread. I've told you i've read it all.. And as i have said, wenye risk appetite ndio ucheza huu mchezo wa OTC. You may wait for it to list at the NSE so that you buy ...its still your choice
"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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MaichBlack
#709 Posted : Thursday, June 04, 2015 11:27:14 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,836
murchr wrote:
MaichBlack wrote:
If you toil to start and run a business then at one point you agree to sell me 70% of your business - exchange your shares for my money (which by the way I also toiled for) - don't bring me founder member crap!! You now own 30% of the business and I own 70%. I don't really care if you used to work a 100 hours a week when you were starting the business. That is why you didn't give me the 70% to me for free. I paid for it! Hapana leta emotions kwa biashara!!!


Wewe ndio unaleta emotions you either buy or keep off. Do your risk assessment and gauge your risk appetite...the decision is finally yours

No emotions.

We are saying, if Unaitas is not planning to dish out more bonuses selectively, let them legally bind themselves. Twitter na kufungua accounts wazua haisaidii!!!

In business every foreseeable thing is put explicitly (in the contract/agreement). What happens if you deliver late, don't deliver, deliver substandard goods, pay late etc. Sio kuambiana kwa twitter na WhatsApp!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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MaichBlack
#710 Posted : Thursday, June 04, 2015 11:28:45 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,836
murchr wrote:
MaichBlack wrote:
@murchr - Do yourself a favour and email Prof. Githu Muigai and Dr. Willy Mutunga and ask them if statements made on twitter and in wazua by a hello are legally binding!!!


Nothing from twitter.....hio yote iko kwa hii thread. I've told you i've read it all.. And as i have said, wenye risk appetite ndio ucheza huu mchezo wa OTC. You may wait for it to list at the NSE so that you buy ...its still your choice

Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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