Rank: Elder Joined: 2/10/2007 Posts: 1,587
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jerry wrote:@Tupac, &PKoli. Rem there wasn't much publicity on new applicants. @pkoli did a good job when she insisted (I hope I'm rt on gender) that the AGM had approved sale to new shareholders. I applied for more than 2,000 shares so I think I'm safe. So we wait and see. @Jerry; Thanks, I am a he. I attended the extra ordinary AGM that is why I insisted
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Rank: New-farer Joined: 12/21/2010 Posts: 9
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Hey guys any word out on the subscription rate yet?
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Rank: Member Joined: 12/8/2009 Posts: 274 Location: Ltktk
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yosie03 wrote:Hey guys any word out on the subscription rate yet? @all cic enthusiasts lead by @pkoli according to Business Daily today the rights issue has been oversubscribed. no figures yet. directors meet next month to decide whether to take the extra cash or return it to shareholders. ...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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@pkoli. We should 'lobby' them to take retain all the cash. We need those shares. The opposite of courage is not cowardice, it's conformity.
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Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi
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Sources reveal that directors are lobbying to have the extra cash taken in.But this is subject to an extra-ordinary AGM. Formally employed people often live their employers' dream & forget about their own.
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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TUPAC wrote:yosie03 wrote:Hey guys any word out on the subscription rate yet? @all cic enthusiasts lead by @pkoli according to Business Daily today the rights issue has been oversubscribed. no figures yet. directors meet next month to decide whether to take the extra cash or return it to shareholders. Depending on the subscription rate and the issued share capital, the directors should lobby to retain the cash. It was obvious the thing was going to be oversubscribed, especially after Coop bank increased its stake. For the patient people this will be an equivalent of another ARM, KCB and Equity in terms of growth.
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Rank: New-farer Joined: 12/21/2010 Posts: 9
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sounds good eeh....they should consider taking in all money and call us 4 the EGM.We are more than glad to approve it
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Rank: Member Joined: 9/21/2006 Posts: 422 Location: Nairobi
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SOME THING GOOD IS SMELLING EVEN THOUGH I ONLY APPLIED FOR ONLY 2K SHARES....@bird_man can those sources reveal the level of oversubscription?
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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Layman wrote:SOME THING GOOD IS SMELLING EVEN THOUGH I ONLY APPLIED FOR ONLY 2K SHARES....@bird_man can those sources reveal the level of oversubscription? You will have the opportunity to build the stock next year when it will be easily available on OTC
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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jerry wrote:@pkoli. We should 'lobby' them to take retain all the cash. We need those shares. I did not apply alot of additional shares since I already a substantial shareholding, but I would lobby for CIC to retain the cash, since I believe it will be better utilized for shareholder value.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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PKoli wrote:jerry wrote:@pkoli. We should 'lobby' them to take retain all the cash. We need those shares. I did not apply alot of additional shares since I already a substantial shareholding, but I would lobby for CIC to retain the cash, since I believe it will be better utilized for shareholder value. And the waiting seems to be longer than I thought. Is it a week to results? The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 12/8/2009 Posts: 274 Location: Ltktk
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when are they to release the results of the rights? ...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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TUPAC wrote:when are they to release the results of the rights? @15th I think¿ The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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jerry wrote:TUPAC wrote:when are they to release the results of the rights? @15th I think¿ They will announce by Friday next week. Just relax TUPAC CIC is for future. Keep increasing your shareholding
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Rank: Member Joined: 12/8/2009 Posts: 274 Location: Ltktk
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PKoli wrote:jerry wrote:TUPAC wrote:when are they to release the results of the rights? @15th I think¿ They will announce by Friday next week. Just relax TUPAC CIC is for future. Keep increasing your shareholding @pkoli am relaxed. its really for the future. just anxious. ...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
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Rank: Member Joined: 9/21/2006 Posts: 422 Location: Nairobi
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...the directors of CIC should decide if they are refunding our monies or allocating us shares instead of just keeping mum,..... people need feedback.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Layman wrote:...the directors of CIC should decide if they are refunding our monies or allocating us shares instead of just keeping mum,..... people need feedback. @Layman. I here you but they are not regulated by CMA! so they'll take their sweet time. The opposite of courage is not cowardice, it's conformity.
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Rank: New-farer Joined: 10/14/2010 Posts: 50 Location: Nairobi Kenya
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@Layman and PKOLI
Latest info is that.If you applied for Righs you get 100 % of your application.If you applied for additional shares you will get 78 % of the application .
Refund=In April they will hold a special AGM to request sharesholders approve creation of additional Ordinary shares then if approved the balance of ie 22 % you expected as refund will be allocated the NEW created shares as at April meeting.Layman tafuta pesa ingine if you were waiting for refund.This is the Very latest from CIC offices
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Rank: Member Joined: 12/8/2009 Posts: 274 Location: Ltktk
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Bugatti wrote:@Layman and PKOLI
Latest info is that.If you applied for Righs you get 100 % of your application.If you applied for additional shares you will get 78 % of the application .
Refund=In April they will hold a special AGM to request sharesholders approve creation of additional Ordinary shares then if approved the balance of ie 22 % you expected as refund will be allocated the NEW created shares as at April meeting.Layman tafuta pesa ingine if you were waiting for refund.This is the Very latest from CIC offices @buggati what of those who applied for private placement? ...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
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Rank: New-farer Joined: 10/14/2010 Posts: 50 Location: Nairobi Kenya
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TUPAC=They will as well get 78% and wait for April Approval.If approval by shareholders succeeds they allocate you 22%.
Sawa Mzee?
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