Rank: Elder Joined: 6/23/2009 Posts: 14,341 Location: nairobi
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DtheK wrote:Kuramo Capital Management LLC, on behalf of its advised funds, has indicated through a letter of intent, their willingness to support the fundraising process by subscribing to its pro-rata 25% rights up to an amount of KShs 1.1 billion (USD 10 million) subject to the regulatory approvals. The other shareholders are expected to follow their rights based on their voting of 87% to support the process during the AGM.
Kuramo believe there's value here, time will tell. Listed price going below the rights price is a bad omen. Time will tell COOP, IMH, KEGN, MTNU
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