This company is likely to be sued unless common sense prevails http://www.delawarelitig...whose-equity-is-diluted/

August 7th it is..

Special resolution number 2 reads that each ordinary share of KES 5 be subdivided into one share of KES 0.25

Who will buy into the rights?

Total shares issued now rises to 29.9B.. Conversion price KES 2.13.. The same occurring via a share split and eventual consolidation with a factor of 1:4, resulting in 7.4B final listed shares. I await the Open Offer of 1.5B whose price the exchange bar notes has been agreed in principle to fall below KES 1.6.. There is no rights option so indeed I will buy to mitigate dilution of 95.5%, noting that the KQ Lenders Co Ltd, GoK & KLM will not participate in the issue. GoK now holds 45% of KQ.. KLM founding agreement of 1995 abolished. KQ now in positive equity of KES 11.5B. Sit tight

I am very lost @obiero. Please elaborate

Kisungu ni ngumu

I will go praying for minority shareholders aka @obiero and the choir at uhuru park, but pride centre ng'o sikanyanyi. Hata ningerushwa huko na canon launcher, siwezi make.
That's called revaluation and consolidation of a massively/ grossly misvalued stock after severe impairment of assets and especially where such a valuation is essential for a coerced aka negotiated capital restructuring to engage with strategic investors aka banks who have insisted on book cleaning first. Humble pie it is. Finally can kicking has come to an end and worms are popping all over at tumbili. The fact that none was ready to touch this estranged kqueer without guarantee from uncle Sam, let the cat out of the purse. Na bado, hiki kitendawil kina kishindo.
Someone should vote wisely if they have been saved from being drawn and being quartered. Narrow save, but the pain must be palpable.
Those inside you are lucky, but whipping ndio mtapata. But at least, you were not summarily bought all in Lump sum @100/=(@spikes prediction nav) by angrily ocreditors or statutory woundup and liquidated and sent packing with nothing as mere ordinary mortals. Your absolute title to kqueer diminished to nothingness half a decade away fyi.

Hehehe, chill with a cold tusker men. Me am in slumberland and I do not have to see which another idiot is running my company coz the system's are in place.
All honoured investors have their value of expected investment quoted and guaranteed, however am lefting to speculate for others at sub bob. Kisungu ni ngumu kweli. Was shipped to this country with a slow boat from chaina after telegram lines failed.
Hope, u won't take a slow one as well @obiero

@vvs please read the circular, even if it's for the sake of it. GoK has gotten a very good deal and the other shareholders too. By logic, we should expect a rally today..