₦airaland Forum

Lucky at last! Got 250,000 units of Chams from Skye today!

RoughCut:
If you want to be more adventurous Angola and SA(remember world-cup 2010?)is pushing up property prices in the capetown area are red-hot. You might want to explore.I'm particularly excited about Angola _{property investment and stocks sometimes feel better than you-know-what to me} Did i just say that?

RoughCut Diamond, lets talk about Angola . I currently live in Angola (though my base is Lagos-Houston), I work for an oil company here.

I have been having discussions with folks here on the real estate market,and also stocks(the exchange opens later this year). You can holla me at alomabello at hotmail dot com

Leg pass leg. After i buy 1 million units finish, I go come tell you on this thread.

My broker cannot get Premier Paints to buy.

Who wants to sell to me?

From a friend:

Because of you, I read and analyzed the CHAMS prospectus. It's very good for me as it served to remind me of my MBA stuff again. These people contributing (from your last mail) are not analysts at all. They are more of speculators than investors. However, think of it, are we not all speculators in Naija market

Anyway, if CHAMS is doing a private placement in the UK or US, nobody would have bought it. A critical look at the fundamentals of the company revealed that it has never performed well in the past or that its books are not good. When you analyse a comapny, try to concentrate more on the cash flow statement. A company's cash flow from operations reveals a lot. However, many people concentrate on balance sheet and profit & loss account, neglecting the cash flow statement. Looking at CHAMS cash flow statement showed that they only made money from operations during the half yr '07. Why should that be?? Why should they make positive money from operation the previous half year before asking people for money That I do not belief to be true?. Even the cash made from half yr. operations far exceeds what they have ever been made. Look at page 44: Look at cash flow from operations and net cash provided by operating activities 2002 to 2007. Obviously something is not right.

Look at the liabilities vis-a-vis the net assets from 02 to 06, 02 - 06 debt to total asset ratios had been as high as 52% while this was reduced to 32% in '07 (the year preeding private placement). Current asset had been much less than current liabilities all the previous years until '07 when current assets far exceeds current laibilities. I can only see an attempt to make the book look good everywhere I analyzed.

Having said all these, I will still buy CHAMS, because I do not know what makes the market move? Obviously, it's not fundamentals.

AkTopGun,

I dey gbadun your tutorial. Fire on!

You can get the CHAMS prospectus here ;

http://www.stockmarketnigeria.com/forums/private-placements/787-chams-private-placement.html

Minimum number of units you can buy in Chams is 40,000 units= N100,000 (i actually thought it was 1M)

Prof Akinde(Chairman Chams) used to be my mentor back in Ife, when he was the HOD, but I have not spoken to him in years, make I go buy new year present, collect invitation to participate.

Father of Plenti. Welcome from work. Please answer my question on CCNN and Eternal. Make I still buy?

Is CCNN and Eternal still a good buy?

Gurus,

I bought Dunlop at  5.55 and ABC Transport at 3.95  . Do you advise to stay put or bail out?

I also bought Wapco at 65.98, hold on or sell?

We great Ife guys dey here too dey look, dey buy! We not get time to make noise like those boys from Akoka!

Are Black People Less Intelligent?
Simon Kolawole Live!, Email: simonkolawole@thisdayonline.com, 10.21.2007

Add To Favorites
Print This Article
Post Comment

American Nobel Prize-winning scientist, James Watson, stirred controversy last week when the Sunday Times of London quoted him as suggesting that black people were less intelligent than whites. He was quoted as saying he was “inherently gloomy about the prospect of Africa” because “all our social policies are based on the fact that their intelligence is the same as ours – whereas all testing says not really.” After an outrage, Watson, who won the Nobel in 1962 for his joint work on the discovery of the molecular structure of the DNA, has denied those comments, saying: “I cannot understand how I could have said what I am quoted as having said… There is no scientific basis for such a belief.”
Whether or not he said it, there is no denying the fact that this argument has always existed in one form or the other. Some white scientists have written essays and made propositions in the direction that blacks are less intelligent than whites. There are those who believe that the Caucasian whites are the most intelligent in the human race. And they do not stop at that: they place the blacks at the lowest level among all the races. Political correctness would not allow many to voice this out openly, but it is a feeling of superiority that manifests in an attitude which could be condescending or even patronising.
As a black man, if you ask if blacks are less intelligent than whites, my instinctive answer would be a capital NO. I wouldn’t think twice before saying that – and it would be based more on emotions than an attempt to argue with verifiable facts. I should be proud that I am black, except I am Michael Jackson. Personally, I do not believe I am intellectually inferior to any white person. A white man could be more intelligent than I am but that would not be because of the colour of my skin. It would be because human beings are generally gifted differently. After all, the IQ of all white people is not the same; therefore, one person will always be more gifted than the other, and that has nothing to do with pointed nose. All white people are not equally gifted; all black people are not equally gifted.
Let’s say that is an emotional argument. There is a scientific way IQ is tested. IQ tests are intended to determine the speed of thought, soundness of reasoning and sense of organisation. It is a very good test of mental capability and creative ability. Thus, maybe scientists should perform the “race experiment” once and for all so that we can have a scientific conclusion. For such an experiment to be performed, however, the samples must not enjoy one advantage above the others. If you are going to test 50 black persons and 50 white persons, it would make sense to test people who grew up in similar environment under similar conditions, exposure, temperature and humidity. Then conduct similar tests on their intelligence. These tests should be conducted across social classes, sexes and geographical locations.
In fact, let a white boy be born in Ajegunle, drink Ajegunle water, eat Ajegunle food and go to Ajegunle school. Compare him with a similar Ajegunle boy and let’s see the result. I have a feeling they are likely to rank on a similar scale. This would tend to support those who argue that intelligence is a related to “nurture” and not “nature”. Intelligence is not genetically determined, this school of thought argues. The Watson argument – though denied by him – suggests that intelligence is related to “nature”.
But my Ajegunle experiment may not work. In reality, the entrenched social order tends to make black people believe that they are inferior. It is somehow embedded mentally and physically. I don’t know if it has to do with hundreds of years of slavery. Whatever the reason may be, the black person typically defers to the white person. Therefore, the Ajegunle black boy and the Ajegunle white boy may still have different mentalities, reinforcing prejudices and keeping intact the established social order which places blacks at the bottom of the ladder.
Our people often argue that Nigerians, and black people, do well in Western schools. Many of them come tops in their classes. However, this is not strictly intelligence but brilliance, although the borderline is very thin. Intelligence, as distinguished from brilliance, is “creative”. Brilliance is more of an ability to reproduce what intelligence has created. For instance, someone came up with the theory of gravity. That is intelligence at work. Someone else studies the theory, takes an exam in it and scores 100 per cent – that is brilliance. You cannot be intelligent without being brilliant but you can be brilliant without being too intelligent. I may be wrong with the way I have tried to distinguish between the two, but that is the best way I can think of now for the purpose of this article.
I think the argument that white supremacists should be making instead is that in PRACTICE, whites have DEMONSTRATED more intelligence than blacks. That can be argued with facts and figures. That is empirically verifiable. But to prove in the laboratory that whites are more intelligent than blacks, there is not such a chance. Watson himself said it in his rebuttal: “There is no scientific basis for such a belief”. It would be easier to prove that the world is flat than to prove that Africans are genetically inferior to whites. However, it does not take a genius to prove that Africans have shown in practical terms that they are not making use of their intelligence. If I were a white person, I would certainly feel superior to blacks. All I need do is take a look at a country like Nigeria and reach my conclusions. The evidence of retarded intelligence – or misuse of it – is there for all to see. And maybe I can begin to call up a few witnesses into the box now.
One, a Nigerian governor or president travels to London or New York. He sees a very beautiful environment and a system that works. Water flows, lights never blink, roads are smooth, drainages are covered, public transportation is excellent, technology works for everybody. He looks around and says: “Wow, what a beautiful place!” You would expect him to say: “I will go back to Nigeria and replicate this.” But, no, his next statement is: “I will come and buy a mansion here.” Is that the limit of his IQ or should we still be blaming slave trade for that?
My second witness is the Lagos lagoon. They have something very similar to our lagoon in London. It is called Thames. Businesses that generate billions of pounds yearly have been built around the Thames by the British. The London Eye alone is a money spinner. I don’t have the figures, but I can guess that thousands of people make a living selling things at the tourist centres developed along the Thames River. There is also a resort by the sea in Brighton. It is called Brighton Pier. Just like the London Eye, it is a big employer of labour. But what do we have around our lagoon and beaches in Lagos? White garment people shouting “jah jah hura”. Somewhere around Idumota-Ijora axis, people stoop on the bridge to defecate into the lagoon. In fact, there is a legend there: “Shit and pay”! If I were white, there is no way I wouldn’t rate blacks as less intelligent.
Because of time, I will call just one more witness for today before we adjourn. Let’s go to Zimbabwe for this one. A friend who schooled in the country and returned home last year told me this story: “There was a cattle farm Robert Mugabe seized from a white farmer. This was a farm where the man was multiplying cows and selling them large scale, producing dairy products and beef. Mugabe seized the farm and gave it to a black farmer. The black man started eating the cows. By the time I left, nothing was on the farm again.”
I told this story to a senior colleague who laughed and then gave me a local example. “Zimbabwe is too far,” he said. “When I was in the secondary school in the 1970s, we used to have a British principal. We had a cattle farm that was well maintained. The principal managed this farm excellently. We were selling cattle and making money for the school. When the principal left, they brought in our own brother as principal. If his relations were having a party, he would go to the farm and give them a cow! The cows finished in no time.”
Your lordships, if I were a white man, I would actually say something worse than what was credited to Watson. The only difference will be that I will base my own argument on empirical evidence. There is no chance that a lab can support Watson’s supposed argument. It is not about nature. Rather than be angry with the white supremacists, I think this thinking should be a challenge to Africans, especially our leaders. Blacks have demonstrated all over the world that given the same opportunities as their counterparts from other races, they are up to the task. There is a giant within us that is asleep. We need to wake this giant up. We don’t know what we have because of our greed.
Agreed, we are not making as many scientific discoveries as whites. Yes, the best inventions are not made by blacks. But we cannot underestimate the fact that the world order, the social order, is not in our favour. However, for how long are we going to blame slave trade for our woes? Slave trade officially ended 200 years ago. We have to move forward consciously with focus. Other countries suffered slavery, either internally or externally. Israel is an example. Today, you cannot rate Israel as a backward country. Enough of this chip on our shoulders!
I have my own pet hypothesis: if the black race is going to make progress at all, it will be spearheaded by Nigeria. And Nigeria will never make progress when we are ruled by shameless politicians who are less interested in the common good, whose god is their bellies. For as long as education, healthcare and infrastructure – the basic ingredients for development – take second place to looting and politicking, we should not expect any magic. O yes, the Watsons of the white world will continue to propagate their racist ideologies without having to search too deep and too far for empirical evidence.

http://www.thisdayonline.com/nview.php?id=92823

Whats responsible for AP's huge rise?

@dagashini

I am in touch with Deolu Adeniran. Hola me at alomabello at gmail dot com .

I was ASP Salawu Abiola in 1995

easimoni- can you holla me at alomabello- at gmail dot com I am in Houston and just wanna holla at you.

http://www.cbc.ca/cp/health/070927/x092711A.html

http://punchontheweb.com/Articl.aspx?theartic=Art200709292332648

Vaccine infects 66 Nigerian children with polio
By Adeyeye Joseph
Published: Saturday, 29 Sep 2007
Sixty-six Nigerian children may have been infected with polio as a result of oral vaccines used in a countrywide polio vaccination programme about a year ago.

A team of international scientists, which used country-by-country polio reports to review polio cases worldwide, made this disclosure in the latest edition of the Morbidity and Mortality Review, a journal published by the United States Centre for Disease Control.

The scientists, drawn from the World Health Organisation’s Polio Eradication Initiative Department; the United States National Centre for Immunization and the Respiratory Diseases and the CDC, said the cases in Nigeria called for greater surveillance. Worldwide, the polio eradication campaign, an initiative that is sponsored by the WHO, the CDC, UNICEF, Rotary International and federal governments, have gulped over $5billion.

According to experts, polio cases caused by vaccines are described as Vaccine-Derived Polio Viruses cases and are divided into three categories: circulating VDPV, with transmission resulting in more than one patient with paralysis; immunodeficiencies VDPV, iVDPVs; and ambiguous VDPVs (aVDPVs) isolated from non-immunodeficient persons.

The report said 7311 VDPV cases were recorded between January 2006 and June 2007, with the 66 Nigerian cases being cVDPVs. “During January 2006—June 2007, vaccine-related isolates were observed in 7,311 specimens. The cVDPV outbreaks occurred in Myanmar (four cases of type 1) and Nigeria (66 cases of type 2). In 2006, two single-case importations of VDPVs from Nigeria were reported in Niger,” the report said.

Oral polio vaccines are no longer used in many developed countries. However, they are popular in developing countries because they are inexpensive and they could be administered by people who are not health professionals. Although cases of VDPVs leading to paralysis have been documented in one of every million oral dose, experts say the present cases of VDPVs are the largest ever.

Sources say the Federal Government may have decided not to make the cases public because it could hinder the progress of the National Polio Eradication project. However, international health experts, who have known about the cases for months and discussed it ever since, have flayed this decision saying it may be counter productive in the long run.

Answering our correspondent’s questions by e-mail, a professor of Medicine and Public Health at the University of Pittsburgh, who has worked on polio eradication for the WHO 50 years and who also played a major role in the eradication of smallpox globally, Professor D.A. Henderson, said he had heard ‘rumours’ of the Nigerian cases before the CDC publication confirmed it.

“I have no personal information but I know government officials are working in all aspects of the programme and I would expect that they were very much involved in the investigations. I had heard rumours that there were cases and I had asked to be more fully informed but these are the first public reports that have been made available,” he said.

In 2004, attempts by the Federal Government to introduce polio vaccination in Northern states were met by stiff opposition as some people in the affected states claimed that the vaccines were harmful. The programme was only kicked off after tests conducted by government scientists showed that the vaccines were not harmful.

Contacted on the telephone on Friday, the Chief Press Secretary to the Minister of Health, Marshal Gundu, said he was not competent to speak on the matter.

“I cannot answer the questions. I am not in a position to answer the questions, the person who can is out of the country: she is Dr. Mrs. Adeyemi, a Director attached to the minister’s office,” Gundu, who told our correspondent that the Minister, Prof. Adenike Grange, was out of the country, said.

The report said that concerns over a likely VDPV epidemic had increased since the confirmation of a VDPV outbreak in Hispaniola in 2000 and that the cases in Nigeria had serious implications for the process of testing for VDPV.

It said, “The recent outbreak of cVDPV in Nigeria has implications for the GPLN procedure for VDPV detection. All poliovirus isolates are screened using two complementary ITD tests.

“This approach has successfully identified cVDPV outbreaks in five countries (Cambodia, China, Indonesia, Myanmar, and the Philippines) since 2000 but failed to flag multiple type 2 VDPVs from Nigeria and type 2 and type 3 VDPVs from Madagascar.”

I never knew Stock Addicts live in Houston. I am in Hillcroft myself.

Whats the take on ABC Transport ? Since someone advised us to buy into it, its been on the downward spiral.

What does the future look like?

All,

Here is the link to the Japaul Prospectus.


http://www.japaulplc.com/Prospectus4Web.pdf


Did anyone notice the performance of AP since Otedola took over?

Is it a buy/hold or sell at the moment?

--------------------------------------------------------------------------------
I am interested in purchasing the Japaul IPO. However, since it might take some time to get the share certificates, I am also thinking of getting about 20000 Japaul shares from the secondary market.
Will it be advisable to do that now, or wait till the technical suspension has been lifted?

I am interested in purchasing the Japaul IPO. However, since it might take some time to get the share certificates, I am also thinking of getting about 20000 Japaul shares from the secondary market.
Will it be advisable to do that now, or wait till the technical suspension has been lifted?

I need to buy CCNN. Anyone willing to sell?

It’s Irrational Exuberance, Stupid!
Behind The Figures By Ijeoma Nwogwugwu email: ijeomanwogwugwu@thisdayonline.com, 07.09.2007

http://www.thisdayonline.com/nview.php?id=83178

With due respect to James Carville, but ever since he coined the winning campaign slogan, ‘It’s the Economy, Stupid’ when he was the campaign manager in charge of Bill Clinton’s 1992 US presidential bid, several commentators have rephrased it to emphasize  different themes and view points. Borrowing a leaf from Mr. Carville it has become necessary to re-coin his catch phrase with some assist from Alan Greenspan, the former US Federal Reserve Chairman, as a basis for assessing the true state of the Nigerian capital market.
Last month, the Stock Exchange’s Director-General, Ndi Okereke-Onyuike, tried to shore up investor confidence in the capital market when she told international investors at a forum in London that return on investment in the Nigerian market was one of the highest in the world. According to her, returns were as high as 400 per cent making it an attractive investment destination for hedge funds and institutional investors. The Director General was absolutely right.
The Nigerian capital market has consistently posted impressive results in the last couple of years, and has continuously bucked market trends particularly during bear runs and market corrections in other parts of the world. For instance, year to date indices for the first half of 2007 show that the All Share Index (ASI) rose by almost 54 per cent to 53,336.46, while market capitalization hit N7.8 trillion by the end of June, representing a gain of almost 80 per cent from the beginning of the year.
Investor confidence in the market has been buoyed by strong demand for stocks in mostly the banking sector, which by the end of last month accounted for 45 per cent of market turnover. This is in spite of the fact that dividend yields in the banking sector were far below the market average. The building and construction sector has also enjoyed a good rally on the back of macro-economic variables and an anticipated huge infrastructure spend of N1.5 trillion by the Federal Government between 2007 and 2008 which should give cement manufacturers extraordinary potential for increased revenues.
Also, isolated stock price gains made by Dangote Sugar Plc after an initial public offer, UBA after its hybrid offer and an anticipated First Bank rally once the technical suspension is lifted on its share price following the collation of returns on its N100 billion offer, will push the market to new record highs before the end of the third quarter. The resultant effect is that the massive capital gains posted in the market has attracted a deluge of investors who want to cash in on an unbelievable rally before it bottoms out. Hang on a second. Did I just predict gloom?
Yes I did, because in spite of Okereke-Onyuike’s rosy outlook, the Nigerian stock market is bound to bottom out in the months ahead because the fundamentals just do not add up. First and foremost, a capital market cannot be isolated from the environment in which it operates. The market, according to Financial Derivatives Company, an investment and economic and financial advisory firm based in Lagos, was by June ending trading at 43.67 times earnings, which when factored against real or nominal GDP forecasts for the year of some 6 per cent, does not justify the stock market rally. Second, dividend yields on actively traded sectors like banking are on average falling because their earnings relative to share capital are weak. In fact, with dividends yields in the market falling to an estimated 3 per cent (as against bond yields of 14 per cent), this should make a stock market plunge inevitable as investors will begin to look for more attractive avenues in which they can invest their funds.   
Of greater worry is the fact that most stocks have become overvalued due to market manipulation by operators, excess money supply and irrational exuberance on the part of investors looking to make quick gains from the capital market. If truth be told, most of these investors are speculators, as opposed to long term investors, who are by nature fickle and just want to make huge capital gains before cashing in on their shares once there is any sign of instability. Investors in this category are mostly made up of international hedge fund managers who have been bringing in ‘hot money’ (it is estimated that hedge funds have invested some $4 billion in the Nigerian capital market since 2006).
However, hedge funds will normally be the first to make a run for the exit once there is any form of instability, a significant policy flip flop or in the event Nigeria suffers a sovereign-risk downgrade. For them, they would not lose sleep over Nigeria because their investments here account for an infinitesimal part of their portfolio. Yet these same funds constitute a significant chunk of the NSE’s market capitalization, and if withdrawn hurriedly to safer destinations, could portend a bad omen for the market. 
In addition to hedge funds are Nigerian speculators who have been borrowing huge sums of money from banks to invest in stocks. Presently, it is estimated that speculative trading being funded by borrowed funds has risen to 85 percent. And although the banks that are lending the funds are holding onto the share certificates as collateral, the snag is that if there is a systemic default on the part of borrowers, banks will be compelled to sell the shares to recover their funds. If this were to happen, selling the shares will become a self fulfilling prophecy as prices are bound to crash.
Already, the Central Bank has read the writing on the wall by expressing concerns over the level of margin that is available to speculative investors and is preparing to sanction banks that have been financing margin trading in the stock market. The National Pension Commission (Pencom) also recently disclosed that it intends to scrutinize Pension Fund Administrators’ compliance with investment guidelines and portfolio composition to ensure there is no overweight in equities investment.
It is quite apparent that the Nigerian capital market may be heading for an imminent market correction of sorts. Whether the correction will take the form of bear run for a prolonged period or a fast and furious crash is still subject to debate among market analysts. What is not being debated is that share prices in the Nigerian market are generally overvalued and cannot be justified when subjected to any form of analytical rigour. Concerns also continue to abound that the overstatement of its financial accounts by Cadbury Nigeria Plc may not be an isolated case, and that there could be other major blue chip companies buried in concrete. Should information sip into the market that other companies have been trading on false information the market is bound to take a massive hit.
The consequences of a financial market melt down and its systemic consequences especially in the banking sector need not be repeated on this page. What we have today is a stock market bubble that has been kept afloat under the wrong assumptions. Regulators would need to step promptly with all sense of responsibility to ensure it does not happen. The market must be protected from ignorance, market manipulation and pervasive irrational exuberance which have taken hold of investors. The Nigerian market remains an exotic one and unfortunately does not have the circuit breakers that have been introduced in more mature markets to stem a free fall. As Mr. Rewane Bismark, CEO of Financial Derivatives Company, during a presentation on the state of the Nigerian Economy at the Lagos Business School three months ago warned: “Don’t be long and wrong.”

….Speaking of Stock Price Manipulation

Please could some one explain why it’s taken this long to lift the technical suspension placed on Transnational Corporation of Nigeria Plc’s (Transcorp) share price? Trading was first suspended on the company’s stock at N9.71 per share last December during its initial public offer. Three months later it was lifted, but was suspended for the second time without prior notice to traders after four days of trading saw its share price plummet to N8.34. Its stock price took a hit at the time because investors who had bought Transcorp’s share at N1.00 per share during the private placement ignored the holding period imposed on them and started to dump their shares.
For them the temptation was too great to ignore. Preparatory to the IPO their stocks had been split into two, thus doubling their holdings in the company. This along with a huge capital gain of N8.71 per share made many of them instant multimillionaires and billionaires, which they just had to translate into raw cash. In any case, suspension was once again lifted in April, but once more Transcorp’s stock price went into another free fall to below N8.00 per share. By this time the Nigerian Stock Exchange had had enough and placed another suspension on the company’s shares to stop it from falling below the offer price of N7.50 per share.
The Stock Exchange went a step further. It reversed all the trading that had taken place on the company’s shares by reverting to the pre-IPO price of N9.71 per share. The excuse given by the Exchange was that collation of results had not been concluded by the Issuing Houses to the offer and as such suspension should not have been lifted in the first instance. Worse still, the media at the time erroneously reported that Transcorp’s shares had made a huge percentage gain when its share price was moved back up to N9.71 per share. 
It was a gain quite alright. However, it was not one that occurred due to market fundamentals. It took place because the stock price was forcefully and manually manipulated with the full knowledge and approval of the Director General of the NSE, Ndi Okereke-Onyuike. Incidentally, she is also a shareholder and chairman of Transcorp. Moreover, the reversal by the NSE contravened its own rules which do not permit more than a 5 percentage movement on any share price in a single day of trading.
Meanwhile, no word has been heard from the Stock Exchange as to if investors who had bought the shares when the suspension was lifted twice have got a refund of their money given that their investment in the stock was nullified ignominiously. Alternatively, neither have they been informed if they shall be entitled to their shares and certificates, if and when trading is ever lifted.
The technical suspension on Transcorp’s share is indeed mind boggling to say the least. Never in the history of the Nigerian capital market has a stock price been so brazenly manipulated. It is even uncertain if technical suspensions were kept this long on banking stocks two years ago during the period of banking consolidation when the Central Bank took its precious time verifying the authenticity of investors buying up the stocks. The toothless bulldog that is the Securities and Exchange Commission should awake from its slumber and look into this mysterious suspension imposed on Transcorp’s shares. It also needs to protect investor who invested in its stock when suspension was lifted twice this year. There is only so much Transcorp and NSE can do to keep a circumspect stock afloat.

On Nascon, I placed an order for 40,000 units, but only got 10,000 units


Dear Valued Client

Further to our memo to you on subject last Friday, we wish to announce the basis of allotment of the NASCON shares allocated to us by The Nigerian Stock Exchange from the special sale of 400million units of the company’s shares at the special price of N22 per share.

We were very happy at the large number of applicants who submitted their bids through our firm. This necessitated our having to take extra care to ensure that the allotment basis accommodated all those who applied.

The allotment basis is as follows:

Number of Units Applied for
From(Units) To (Units) Allotment
1 1,000 100%
1,001 4,000 60%
4,001 10,000 40%
11,001 30,000 22.5%
30,001 150,000 20%
150,001 475,000 12.5%
Above 475,000 10%

Thank you very much for your patronage

enolase; I sent you an email on your offer

http://youtube.com/watch?v=mxIzU4KKyWA

Found this on youtube.


Disclaimer; I do not share the thoughts of the video owner.

Dell Inspiron E1505, Intel Core Duoprocessor T2250 (2MB/1.73GHz/533MHz) –Delivered with laptop bag for only N175, 000

15.4 Inch TrueLife Wide-screenWXGA, for Inspiron 6400/E1505
1GB, DDR2, 533MHz 2 Dimm for Inspiron 6400/E1505
120GB 5400RPM SATA Hard Drive for Inspiron 6400/E1505
Microsoft Windows Vista Home Premium Edition, English
Dell Resource DVD with Application Backup
Integrated 10/100 Network Card and Modem, for Inspiron
Adobe Acrobat Reader 7.0, for Inspiron
8X DVD+/- RW Drive for Inspiron 6400/E1505
Roxio Creator Basic
Integrated High Definition Audio, Inspiron
Dell Wireless 1390 802.11b/g Mini Card (54Mbps), for Inspiron 6400/E1505
53 WHr 6-cell Lithium Ion Primary Battery, for Inspiron 6400/E1505
1 Year Limited Warranty
Dell Wireless 355 Bluetooth Module (2.0+EDR), Vista , for Inspiron 9400/E1705,6400/E1505XPS M1710
Intel Core Duo Processor
You have chosen a Windows Vista Premium System


Dell Inspiron E1705 Intel® Core™ Duo T2250 (1.73GHz, 2MB L2 Cache, 533 MHz FSB),
Delivered with laptop bag for only N215, 000

Genuine Windows® XP Media Center Edition 2005
LCD Panel 17 inch Wide Screen XGA+ Display
Memory 1GB Shared Dual Channel DDR2 SDRAM at 533MHz
Video Card Integrated Intel® Graphics Media Accelerator 950
Hard Drive - 120GB 5400RPM SATA Hard Drive
Network Card Integrated 10/100 Network Card and Modem
Combo or DVD+ RW Drive 8x CD/DVD burner (DVD+/-RW) with double-layer DVD+R write capability
Wireless Networking Cards Dell Wireless 1390b/g (54Mbps)
Anti-Virus/Security Suite (Pre-installed)
Primary Battery 53 WHr 6-cell Lithium Ion Primary Battery
Warranty and Service 1Yr Ltd Warranty and Mail-In Service
Bluetooth Options Dell Wireless 355 Bluetooth Internal (2.0 + Enhanced Data Rate)
Labels Windows Vista™ Capable


Contact andraskarrer@yahoo.com.

US warns over Chinese toothpaste


http://news.bbc.co.uk/2/hi/americas/6714257.stm

Thousands of tubes of toothpaste have been seized in the Americas
US officials have warned consumers to avoid using toothpaste made in China after a shipment was found to contain a poisonous chemical used in anti-freeze.
The Food and Drug Administration said it could contain diethylene glycol, which has been blamed for the deaths of at least 50 people in Panama last year.

The brands affected are usually sold at "bargain" retail outlets, the FDA said.

The warning comes amid a series of contamination scandals involving Chinese exports to the Americas.

On Thursday, Nicaraguan health authorities seized 40,000 tubes of Chinese-made toothpaste after they were found to contain diethylene glycol (DEG).

The Dominican Republic, Panama and Costa Rica had already removed thousands of tubes of toothpaste from store shelves.

'Low but meaningful risk'

In addition to being used as a coolant, DEG is sometimes used as a low-cost but potentially deadly substitute for glycerine sweetener commonly used in medicines.

It was found in the cough syrup and other medicines blamed for last year's deaths in Panama.

The FDA issued its alert after its inspectors identified and detained a shipment of toothpaste at the US border, containing about 3% DEG.

The agency also found DEG in toothpaste at a distribution centre and a retail store. The labels on the toothpaste found at the retail store did not list DEG as an ingredient.

"The FDA is not aware of any US reports of poisonings from toothpaste containing DEG," the alert said.

"However, the agency is concerned about potential risks from chronic exposure to DEG and exposure to DEG in certain populations, such as children and individuals with kidney or liver disease."

The FDA said DEG in toothpaste had a "low but meaningful risk of toxicity and injury" for such groups.

Con[b]T[/b][color=#770077][/color]est

The Nigerian's Prayer


Our Baba who art in Aso Rock.
Aremu be thy name.
Thy handover cometh
Thine will has been done in Umaru as it was done in Goodluck.
Leave us this May 29th, your departure date,
And forgive Turaki his disloyalty as we forgave your failed third term plot
Lead him  not into jail but deliver him from EFCC
For Otta is thy destination,
The chicken and the farm
Forever and ever just go ooo.
Amen.