Lovelygbems:

*From the Legal Office*
Kindly note that we in control of the situation and no cause for alarm

sonofElElyon:


But in fairness to him (or her) they said they've applied but seems sec not interested in treating same.. if this is true then not good.. either approve or deny

emmanuelewumi:



Such ventures are only opened to qualified Investors or high networth Investors, who are financially intelligent to analyze business and Investments.

Most of such ventures in Town are targeted at the financially illiterates

owolabi5:


The bolded is apt sir

To promise investors high % return on investments is very risky and quite unsustainable because the business climate is not always favourable.

That is why approved investment houses/banks offer low % returns that certainly won't default.

When I see high % returns from an unlicensed firm the red flag is obvious irrespective of the guise HY***P, CRY**TO, FOR***X, REAL ESTATE, ETC and almost certainly they default and run under simply because the model has never proved to be sustainable and it will never be!

Mpeace:
What someone predicted here is about to come through. Saudi is about to dump the dollars

emmanuelewumi:



High returns are possible but they are not guaranteed and can't be consistent.

Tvegas:
if your firm have some level of integrity why are they rushing to start a business for wish the appropriate licence has not been issued? That alone is criminal. Nigeria is just one huge crime scene where everyone take the laws into their hands.

I challenged you or your colleagues months ago,Your firm started by selling undeveloped plots in remote areas and within the twinkle of an eye theyve moved into agritech ,hospitality etc. This clamp down is long overdue. It was just another ponzi scheme packaged in a better way.

Tvegas:
I hope you don't have your money in this company. Its not fair for them to start a business for which they haven't gotten the right approval. Who are they that SEC will withhold merited approvals from them?

IYGEAL:


I put it to you that you're a millionaire

Lovelygbems:


What's your definition of a Ponzi scheme?

Selling land and developing them gradually isn't a crime best to my knowledge

And then, we didn't "rush"....we started and we WILLINGLY approached them for licensing. We did what was required and was awaiting approval. There was no provocation to warrant a clamp down

Lovelygbems:


And then, we didn't "rush"....we started and we WILLINGLY approached them for licensing. We did what was required and was awaiting approval. There was no provocation to warrant a clamp down

dipoolowoo:
Ecobank Shareholders in Nigeria to Receive N66.6 as Dividend
https://businesspost.ng/economy/ecobank-shareholder
s-in-nigeria-to-receive-n66-6-as-dividend/

Biafran4life:
I said it ,that when the dust settles the dollar and American banks will pay for it.Trust will be lost and countries may no longer see dollars as the currency for international trade only

sonofElElyon:


I object !

Tvegas:
its obvious your knowledge of corporate best practices is quite limited. The way it works is that law abiding fund managers submit themselves to regulatory agencies they don't ask for deposits or investments until they are duely licenced. Read more on regulatory frameworks as I won't waste my energy responding to you again.

I repeat, the entire country is one HUGE CRIME SCENE.

Biafran4life:
It is obvious you are not being truthful.You approached sec for what particular license.Your area of interest no get defined limits. Is it license to be jack of all trade and you expect approval .This was what killed cashcraft. This is how some businesses scam illiterates by telling them they have CAC no and quote it on the sign post/documents

Lovelygbems:



We run investment packages....one of the many financial instruments...that's what we seek approval for and not on any of our other businesses

If you read the statement well, you'd see where we stated that we used to do it among a few people and share profits....it was when we started to go large scale we sought them out for approval

Now, I feel I need to explain better what we do here to clear misconceptions...

If you watch LIONS DEN on TVC, you would have a fair understanding of what we do....

As a holding company,we have controlling interests in these businesses

A private equity it is because they have not gone public yet

Now, what you call "jack of all trades" is what we call not putting our eggs in one basket....

These companies we target (both start ups and buy outs) are researched to be in key sectors such as oil and gas, dredging, real estate, Agriculture etc


Now, you say high interest rates....but is it high interest rate without the right time value?

For example,

I ask you to Invest 10m in our petrochemical to pay you interest and capital back in two years.....

In just one of our sales outlets, we can get this money in a week....not to talk of two years

Again, i ask you to invest same amount in our pepper farm in one year....pepper matures in 3 months.....we would have gotten profits four times over before we share with investors

Are these not viable businesses? Can you call them Ponzi?

These are not audio businesses....they exist and are functioning well

The idea of having many again is not to have our eggs in one basket. Believe it or not, we have thousands of investors we are accountable to

It isn't possible that all these businesses won't bring in profit at thesame time....

So we understand the business space quite well

Those that have gone under probably didn't diversity well or have a strong and experienced management team

We are not a one to two man business....we have a team of experts in our top management team.....those who have attended world class business schools


We are striving to be the exception....and we would continue to do so

Lovelygbems:

We run investment packages....one of the many financial instruments...that's what we seek approval for and not on any of our other businesses

If you read the statement well, you'd see where we stated that we used to do it among a few people and share profits....it was when we started to go large scale we sought them out for approval

Lovelygbems:



We run investment packages....one of the many financial instruments...that's what we seek approval for and not on any of our other businesses

If you read the statement well, you'd see where we stated that we used to do it among a few people and share profits....it was when we started to go large scale we sought them out for approval

Now, I feel I need to explain better what we do here to clear misconceptions...

If you watch LIONS DEN on TVC, you would have a fair understanding of what we do....

As a holding company,we have controlling interests in these businesses

A private equity it is because they have not gone public yet

Now, what you call "jack of all trades" is what we call not putting our eggs in one basket....

These companies we target (both start ups and buy outs) are researched to be in key sectors such as oil and gas, dredging, real estate, Agriculture etc


Now, you say high interest rates....but is it high interest rate without the right time value?

For example,

I ask you to Invest 10m in our petrochemical to pay you interest and capital back in two years.....

In just one of our sales outlets, we can get this money in a week....not to talk of two years

Again, i ask you to invest same amount in our pepper farm in one year....pepper matures in 3 months.....we would have gotten profits four times over before we share with investors

Are these not viable businesses? Can you call them Ponzi?

These are not audio businesses....they exist and are functioning well

The idea of having many again is not to have our eggs in one basket. Believe it or not, we have thousands of investors we are accountable to

It isn't possible that all these businesses won't bring in profit at thesame time....

So we understand the business space quite well

Those that have gone under probably didn't diversity well or have a strong and experienced management team

We are not a one to two man business....we have a team of experts in our top management team.....those who have attended world class business schools


We are striving to be the exception....and we would continue to do so

IYGEAL:


All these Petrochemical, Agric and real estate jargons are what the likes of Afolabi of EatRich and Ijioma of Chinmark of this world used to milk people's funds to the tone of billions before coming up with now stale but similar stories of having some kind of difficulties and eventually running away, virtually unscathed.

I understand folks have found this route a fast way to become really rich by means of preying on people's financial ignorance.

In no distant time, promoters like you would flood social media with countless giveaways (with investors' money of course), hiring and firing - including even snatching people's wives in the name of faux investment haven.

Pa Emma made a suggestion which you have carefully not responded to: why pay individual investors huge returns when you can get more for less from banks? Simple answer: banks aren't as gullible as your target investors because they would ask relevant questions and demand documentations which you will obviously find disturbing as they'd be bad for your business.

The law and its enforcers have managed to make a sum total of zero progress in punishing perpetrators, that's why orchestrators like you keep on rebranding and coming up with fresh nomenclature immediately after the demise of one.

Lovelygbems:


And where do banks get funds from??

ositadima1:


Red flag ... again, your posts stink of it. I pity any one putting thier hard earned money in ur company. By d way, your marketing skills are not very good.

Lovelygbems:


Interesting....a red flag is pointing out that individuals put their money into banks?? Like banks don't have a team that meets individuals for funds??

Lovelygbems:



We run investment packages....one of the many financial instruments...that's what we seek approval for and not on any of our other businesses

If you read the statement well, you'd see where we stated that we used to do it among a few people and share profits....it was when we started to go large scale we sought them out for approval

Now, I feel I need to explain better what we do here to clear misconceptions...

If you watch LIONS DEN on TVC, you would have a fair understanding of what we do....

As a holding company,we have controlling interests in these businesses

A private equity it is because they have not gone public yet

Now, what you call "jack of all trades" is what we call not putting our eggs in one basket....

These companies we target (both start ups and buy outs) are researched to be in key sectors such as oil and gas, dredging, real estate, Agriculture etc


Now, you say high interest rates....but is it high interest rate without the right time value?

For example,

I ask you to Invest 10m in our petrochemical to pay you interest and capital back in two years.....

In just one of our sales outlets, we can get this money in a week....not to talk of two years

Again, i ask you to invest same amount in our pepper farm in one year....pepper matures in 3 months.....we would have gotten profits four times over before we share with investors

Are these not viable businesses? Can you call them Ponzi?

These are not audio businesses....they exist and are functioning well

The idea of having many again is not to have our eggs in one basket. Believe it or not, we have thousands of investors we are accountable to

It isn't possible that all these businesses won't bring in profit at thesame time....

So we understand the business space quite well

Those that have gone under probably didn't diversity well or have a strong and experienced management team

We are not a one to two man business....we have a team of experts in our top management team.....those who have attended world class business schools


We are striving to be the exception....and we would continue to do so

Lovelygbems:


Interesting....a red flag is pointing out that individuals put their money into banks?? Like banks don't have a team that meets individuals for funds??

Lovelygbems:



We run investment packages....one of the many financial instruments...that's what we seek approval for and not on any of our other businesses.

For example,

I ask you to Invest 10m in our petrochemical to pay you interest and capital back in two years.....

In just one of our sales outlets, we can get this money in a week....not to talk of two years

Again, i ask you to invest same amount in our pepper farm in one year....pepper matures in 3 months.....we would have gotten profits four times over before we share with investors

Are these not viable businesses? Can you call them Ponzi?

These are not audio businesses....they exist and are functioning well.

We are not a one to two man business....we have a team of experts in our top management team.....those who have attended world class business schools


We are striving to be the exception....and we would continue to do so

RabbiDoracle:


You seem to be a marketing employee.

How can you pay back money you took from investors in just 1 week from one of your sales outlets? Then it shows that it is a Ponzi scheme. And that you are not well versed with what the business you represent are really doing.

It is advisable to just take loans from banks and do this business. Since you pay your investors interest, you can as well pass these interests to the banks. Subsequently you can pay the banks back after 1 week from your sales.

Biafran4life:
Oga I hail you. Any change of thought concerning the market.Do we still expect up movement for the year or just flat expectations. I personally don't see down movement generally maybe on individual stocks

Lovelygbems:



We run investment packages....one of the many financial instruments...that's what we seek approval for and not on any of our other businesses

If you read the statement well, you'd see where we stated that we used to do it among a few people and share profits....it was when we started to go large scale we sought them out for approval

Now, I feel I need to explain better what we do here to clear misconceptions...

If you watch LIONS DEN on TVC, you would have a fair understanding of what we do....

As a holding company,we have controlling interests in these businesses

A private equity it is because they have not gone public yet

Now, what you call "jack of all trades" is what we call not putting our eggs in one basket....

These companies we target (both start ups and buy outs) are researched to be in key sectors such as oil and gas, dredging, real estate, Agriculture etc


Now, you say high interest rates....but is it high interest rate without the right time value?

For example,

I ask you to Invest 10m in our petrochemical to pay you interest and capital back in two years.....

In just one of our sales outlets, we can get this money in a week....not to talk of two years

Again, i ask you to invest same amount in our pepper farm in one year....pepper matures in 3 months.....we would have gotten profits four times over before we share with investors

Are these not viable businesses? Can you call them Ponzi?

These are not audio businesses....they exist and are functioning well

The idea of having many again is not to have our eggs in one basket. Believe it or not, we have thousands of investors we are accountable to

It isn't possible that all these businesses won't bring in profit at thesame time....

So we understand the business space quite well

Those that have gone under probably didn't diversity well or have a strong and experienced management team

We are not a one to two man business....we have a team of experts in our top management team.....those who have attended world class business schools


We are striving to be the exception....and we would continue to do so

Lovelygbems:


And where do banks get funds from??