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transCentury selling its shares OTC
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ecstacy
#11 Posted : Monday, September 28, 2009 2:13:00 PM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
not entirely true. what was google or apples reason for listing?
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simonkabz
#12 Posted : Monday, September 28, 2009 3:17:00 PM
Rank: Elder

Joined: 3/2/2007
Posts: 8,776
Location: Cameroon
@platz,EB??

Can silence be misquoted?
TULIA.........UFUNZWE!
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Juojo
#13 Posted : Monday, September 28, 2009 6:25:00 PM
Rank: Member

Joined: 7/7/2009
Posts: 41
What is OTC?
Happiness is not the absence of problems, It's the ability to deal with them
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Nairoberry
#14 Posted : Monday, September 28, 2009 7:06:00 PM
Rank: Member

Joined: 9/24/2009
Posts: 20
OTC is always a better deal if you want to cash in on good money..EB was going at 66-70 OTC..just imagine the PE for that in current EB price?

Nairoberry-'The darker the berry the sweeter the juice'
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Mainat
#15 Posted : Monday, September 28, 2009 7:55:00 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Wonder if its linked to 2012.

www.mjengakenya.blogspot.com
Sehemu ndio nyumba
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KulaRaha
#16 Posted : Tuesday, September 29, 2009 4:56:00 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
This is happenening because they tried earlier to do private placement and no one bought! I think their target was a couple of Billion and they got a total of 100M. Complete failure at the institutional investor level,so now come down and con the retail end.

Invest at your own peril...these guys will be irrelevant in 2013.



Business opportunities are like buses,there's always another one coming
Business opportunities are like buses,there's always another one coming
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Pretty
#17 Posted : Tuesday, September 29, 2009 6:12:00 AM
Rank: Member

Joined: 5/8/2009
Posts: 263
Location: Gigiri, Nairobi
@Juojo

v OTC stands for Over The Counter (Applies in the transcentury case)

v You can also have OTC prescriptions,like in a pharmacy

v Some time ago,am told,there used to exist a bus company called OTC

v That one used to stand for Onyango Twende Country

v Or better Overseas Trading Company


>>>>>>It saves you hell if you treat new acquaintances as enemies consistently until each proves otherwise or confirms - Jsanchiazh.
>>>>>>>In life,there are three classes of people,those who make things happen,those who watch things happen and those who ask what happened. Where do you fall?
>>>>>>
A thing of beauty is a joy for ever:
Its loveliness increases;
It will never pass into nothingness;
But still will keep a bower quiet for us,
and a sleep full of sweet dreams,
and health, and quiet breathing. - Keats

>>>>>>>In life,there are three classes of people,
1. Those who make things happen,
2. Those who watch things happen
3. And those who ask what happened.

Where do you fall?
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mukiha
#18 Posted : Tuesday, September 29, 2009 7:24:00 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
@Pretty;

You are wrong. I was quite old during the days of OTC bus company...it was listed on the NSE,by the way.

Everybody knew that OTC meant Onyango Twende Choo

@Juojo
In stock markets,OTC means Over The Counter. This is when a stock is sold directly by brokers without having to go to the trading board. In other words,the shares are not listed,so the are traded over the counter at the brokers' offices.

Umeshika?


Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow)
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Sasha
#19 Posted : Tuesday, September 29, 2009 7:36:00 AM
Rank: Veteran

Joined: 9/5/2007
Posts: 627
he he!

Just remembered I tried explaining OTC to a client sometime in 2007. After telling the lady 'it is done over the broker's counter thus over the counter', she asked very innocently, 'what if the broker has no counter?' LSHTTARDML!



Immorality: The morality of those who are having a better time!
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VituVingiSana
#20 Posted : Tuesday, September 29, 2009 8:32:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Jameni... what do you have against Onyango?

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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