Bravo! Bravo! Bravo! Britam big boys! We now know the direction of this stock.

Clearly, it is primed for spontaneous upsurge.

And if our master [Mr. market] responds positively, what do you expect ? I think if I am not wrong a spontaneous upsurge is inevitable.

@RealTreaty what is your take this week?

First installment was wired to Mauritius last month. Final package will be delivered end of this month.

Big boys i.e existing shareholders bought the shares.

So we have been had by Wairegi & Company.

the dust is settling, next stop will be 20's

So have we been had by Wairegi and Friends?
I am quite sure the phone calls, flights, correspondence and incidental expenses have been borne by all shareholders.
If it is true that the Rawat shares are for the few... I shall add this company to the "Not trustworthy Management/Board" list.

PORT LOUIS, March 31 (Reuters) - Mauritius has agreed to sell a near 25 percent stake in Kenyan insurer British-American Investments Co (Britam), after seizing it from a disgraced tycoon, to the existing shareholders, the government said on Thursday.

The Indian Ocean island seized the assets of Dawood Rawat, a Mauritius citizen, in April 2015 after accusing him of running a Ponzi-like scheme through a Mauritian insurer.

Minister for Financial Services Sudarshan Bhadain told parliament that an offer from another operator "could not go through because the existing shareholders in Kenya were not willing to allow third parties into their company."

"They came to Mauritius and they said to us that they are willing to buy those shares themselves, this has been done," Bhadain said in comments posted on parliament's website.

A memorandum of understanding has been signed between both parties and the minister said the "money is going to hit the bank account this week and then there is a second part which is going to be paid by April 30."

He did not give further details.

Rawat, who has been in France since last year, has filed a case before the International Court of Arbitration against the government of Mauritius where he is asking for $1 billion in compensation, claiming illegal appropriation of Britam by the state.

Mauritius aims to use the funds from the sale to help repay those who lost money in the Ponzi-like scheme. (Reporting by Jean Paul Arouff; Editing by Susan Fenton)

Since this is a listed firm the shares are supposed to be offered to all shareholders. But this is the NSE where some public companies are run like private kiosks.

smh! I'm talking about Rawat's stake.