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Mumias..best price for share certificates..
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ProverB
#1 Posted : Friday, February 18, 2011 12:08:54 PM
Rank: Veteran


Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
Hi..
Someone selling mumias shares..still in certificate form.. reckon i can get them cheaper if i go "Advocate" way and seek "transfer of title" to myself and then immobilize as mine rather than have him immobilize.. means less headeck for me..saves time..gives me leverage for price since whole deal is to my "inconvenience" smile

Currently msc is trading at 7.70.. i'm thinking to quote 4bob per share for the certs..is it best?

volume of shares has cost averaged enough to settle legal cost and time value..as long as msc market price stays north of 6.50..within next 2 t0 3 months..

opinions?
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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Gordon Gekko
#2 Posted : Friday, February 18, 2011 1:57:39 PM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
I would lock it, price seems to be creeping up.
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ProverB
#3 Posted : Friday, February 18, 2011 3:33:31 PM
Rank: Veteran


Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
Gordon Gekko wrote:
I would lock it, price seems to be creeping up.


thanx! now to find that advocate ex-galfriend! smile
I love fridays.
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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VituVingiSana
#4 Posted : Friday, February 18, 2011 8:51:42 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,215
Location: Nairobi
ProverB wrote:
Gordon Gekko wrote:
I would lock it, price seems to be creeping up.


thanx! now to find that advocate ex-galfriend! smile
I love fridays.
Lakini, did she dump you or did you [pretend] to dump her? Liar Liar Liar
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Aguytrying
#5 Posted : Saturday, February 19, 2011 8:17:58 AM
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Joined: 7/11/2010
Posts: 5,040
@proverb. If i pretended i understood your first post, i would be lying.
The investor's chief problem - and even his worst enemy - is likely to be himself
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kenmac
#6 Posted : Saturday, February 19, 2011 12:34:37 PM
Rank: Elder


Joined: 5/26/2009
Posts: 1,793
>> It depends on the number of shares in the certs..if the number is good, say 5k and above the discount will cover the legal fees and still have some change.
with all the uncertainty on the price, 4 bob isn't bad
......Ecclesiastes
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the deal
#7 Posted : Saturday, February 19, 2011 12:58:28 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
the global sugar prices are falling..MSC gave a positive outlook based on assumption of sugar prices..
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alikujia
#8 Posted : Saturday, February 19, 2011 1:03:17 PM
Rank: Member


Joined: 5/27/2010
Posts: 324
Location: nrb
feel morelike one of those?? coming to ask whether to charge 30% per month on some hapless desperate fellow in need of 10k for emergency.

Frankly have you tried advising the guy, even if he's not your friend, about the process of selling directly to market.
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