@maina

Not really. The 'yes' are also directors,not the ones that are selling. The company is actually issuing new shares through private placement. at the same time,directors are offering opportunity to shareholders (mostly,the minority holders) to exit through the OTC window. TCL,atleast to my knowledge has 20 sharehlders. The 10 top holders own 62% of the company. If this is an opportunity for some of the top holders to exit is not clear. As indicated below,the company wanted to raise shs 3.2 b last yaer through private placement. I am not sure if that venture succeeded. Someone indicated in this dicussion that they raised shs 100m.

Mukiha

Prob all the shares they own in EAC are sitting with banks as collateral.


Business opportunities are like buses,there's always another one coming

@KulaRaha;

Interesting: How could they pump and dump a counter where,as you put it,' all the shares they own in EAC are sitting with banks as collateral'

I am beginning to doubt everything you write on this topic.

Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow)

As per the 2007 cash flow statement,TC's debt was very manageable. I maintain we need to see the 2008 accounts to conclude if they have a cashflow issue

www.mjengakenya.blogspot.com

So, anyone with their results for 2008? How have they treated their investment in RVR?? Write off like Centum or still pretending it will bring a return (in our lifetime)??