₦airaland Forum

Princkez:
ELLAHLAKES has dropped oil mill and palm plantation address ooo...incase you want to go and verify you are welcome,oil mill to be commissioned by end of this month.

The company no sabi or can not afford
Proper video/documentary of the farm.I don't understand oh.I don't understand all this hide and seek style

Youngzedd:
Ellah Lakes will convert directors' loans to equity, and they will be raising funds via equity.

They will commission the Edo 3-ton mill at the end of the month.

Fingers crossed

How did they come about directors loan when they whr not generating revenue. How much is the loan and at what rate this time.Abi you are missing it with the old conversion that they said had already happened to some creditors they could not pay.

Alhaji wants to give importers final knock out.He will not transport anything free.He will put the cost in the products cost.It is how he does his cement business. After he achieves his target the cost will become visible to you destination. Now he is playing his game.

Streetinvestor2:
How did they come about directors loan when they whr not generating revenue. How much is the loan and at what rate this time.Abi you are missing it with the old conversion that they said had already happened to some creditors they could not pay.

Directors' loans in shares refer to a situation where a director of a company borrows money from the company and repays the loan by issuing shares to the company.

Key Considerations:
1. *Regulatory compliance*: Ensure compliance with relevant laws and regulations, such as the Companies and Allied Matters Act (CAMA) in Nigeria.
2. *Valuation*: Determine the fair value of the shares to ensure the loan is properly settled.
3. *Tax implications*: Consider tax implications for both the director and the company.
4. *Documentation*: Properly document the loan agreement and share issuance.

Benefits:
1. *Flexibility*: Directors' loans in shares can provide flexibility in managing cash flow.
2. *Alternative financing*: This arrangement can serve as an alternative financing option for directors.

Risks:
1. *Conflict of interest*: Directors must avoid conflicts of interest and ensure the transaction is fair to the company.
2. *Shareholder approval*: Depending on the jurisdiction and company bylaws, shareholder approval may be required.

Best Practices:
1. *Transparent documentation*: Maintain transparent documentation of the loan agreement and share issuance.
2. *Independent valuation*: Consider obtaining an

A loan of about ₦420m was taken sometimes last year. (Where it was deployed wasn't disclosed).

The Director in question here is probably Barrister Emmanuel Jakpa...

Streetinvestor2:
How did they come about directors loan when they whr not generating revenue. How much is the loan and at what rate this time.Abi you are missing it with the old conversion that they said had already happened to some creditors they could not pay.

The opposite might be the case here...

fashionnisir:
Directors' loans in shares refer to a situation where a director of a company borrows money from the company and repays the loan by issuing shares to the company.

Key Considerations:...

Directors' loans in shares refer to a situation where a director of a company borrows money from the company and repays the loan by issuing shares to the company.


I think that should be bonus

Omo. Alhaji is ready, he is not here to play at all.

Dangote Grand Controller of Nigeria, crazy feat it's.
Waiting for the steel mills. https://t.co/niG7vAdpLB pic.twitter.com/Nuq04GuEgx

— FelixNotJoao (@felix_olaosegba) June 15, 2025

Could you, please, check the bolded again? Who is issuing shares to who?

fashionnisir:
Directors' loans in shares refer to a situation where a director of a company borrows money from the company and repays the loan by issuing shares to the company.

Key Considerations:
1. *Regulatory compliance*: Ensure compliance with relevant laws and regulations, such as the Companies and Allied Matters Act (CAMA) in Nigeria.
2. *Valuation*: Determine the fair value of the shares to ensure the loan is properly settled.
3. *Tax implications*: Consider tax implications for both the director and the company.
4. *Documentation*: Properly document the loan agreement and share issuance.

Benefits:
1. *Flexibility*: Directors' loans in shares can provide flexibility in managing cash flow.
2. *Alternative financing*: This arrangement can serve as an alternative financing option for directors.

Risks:
1. *Conflict of interest*: Directors must avoid conflicts of interest and ensure the transaction is fair to the company.
2. *Shareholder approval*: Depending on the jurisdiction and company bylaws, shareholder approval may be required.

Best Practices:
1. *Transparent documentation*: Maintain transparent documentation of the loan agreement and share issuance.
2. *Independent valuation*: Consider obtaining an

or the said director would loses his holdering and the share open for buy in the secondary market hereby increasing liquidity.

GeeKudi:
wait oo. How are you able to do this and beat the 40 characters rule?

Here .

chimex38:
Beat 40 characters?
"Spacebars & fullstop(.)"
for example👇👇👇

Ellah had received ₦2.08bn as deposit for shares.
Plus the ₦420m convertible loan gives ₦2.5bn.

If they're raising capital via equity, 500m units (for SP of ₦5) is already pegged...

OS is currently 3,858,173,594

NB:
Barr Emmanuel Jakpa loan was initially ₦1.5bn.
No public info on how it reduced to ₦420m

Good! .

chimex38:
Here .

GeeKudi:
Good! .

👍 .

•

KarlTom:
Ellah had received ₦2.08bn as deposit for shares.
Plus the ₦420m convertible loan gives ₦2.5bn.

If they're raising capital via equity, 500m units (for SP of ₦5) is already pegged...

OS is currently 3,858,173,594

NB:


Implications:
1. Potential dilution: The issuance of new shares could lead to dilution of existing shareholders' ownership.
2. Capital raise: The company is raising ₦2.5 billion through equity, which could be used for various purposes, such as business expansion or debt repayment.

The information suggests that the company is raising capital through equity and has already received deposits and convertible loans totaling ₦2.5 billion, which matches the value of the pegged units.

Streetinvestor2:
How did they come about directors loan when they whr not generating revenue. How much is the loan and at what rate this time.Abi you are missing it with the old conversion that they said had already happened to some creditors they could not pay.

There are more loans to be converted to equity.

Unfortunately, I do not have the figure.

I'm thinking the dilution might not be much and if they're raising the OS to 5bn, only ~642mn units will be available to the public...

fashionnisir:
NB:


Implications:
1. Potential dilution: The issuance of new shares could lead to dilution of existing shareholders' ownership.
2. Capital raise: The company is raising ₦2.5 billion through equity, which could be used for various purposes, such as business expansion or debt repayment.

The information suggests that the company is raising capital through equity and has already received deposits and convertible loans totaling ₦2.5 billion, which matches the value of the pegged units.

KarlTom:
•

👍 .

I strongly believe that the commencement of milling will make the SP fly.

However, reading between the lines, I think they are trying to push the SP before milling commences (considering all the media appearances and PR effort) . Probably the debt-to-equity conversion rate is invariably linked to the date of commissioning of the mill...

This is all an hypothesis

Just seeing this. Current operations are in Edo state.

Llink to the replay.


https://x.com/i/spaces/1ypJdZODmqpKW

Mankind2024:
@Pennystockwarri,
Pls help us to ask a question on the state of Telluria Farm?

KarlTom:
The opposite might be the case here...

I hope it is the opposite as you assumed because I don't understand how a company not generating revenue will be extending loan to directors

KarlTom:
I strongly believe that the commencement of milling will make the SP fly.

However, reading between the lines, I think they are trying to push the SP before milling commences (considering all the media appearances and PR effort) . Probably the debt-to-equity conversion rate is invariably linked to the date of commissioning of the mill...

This is all an hypothesis

Then when full yr audited results arrive. What happens

fashionnisir:
NB:


Implications:
1. Potential dilution: The issuance of new shares could lead to dilution of existing shareholders' ownership.
2. Capital raise: The company is raising ₦2.5 billion through equity, which could be used for various purposes, such as business expansion or debt repayment.

The information suggests that the company is raising capital through equity and has already received deposits and convertible loans totaling ₦2.5 billion, which matches the value of the pegged units.

ok if you are sure about that.All this hide and seek should be clearer in audited results

how many directors are now lift in these project, for directors should Believe in the project and should not just chicken out like that?

Youngzedd:
There are more loans to be converted to equity.

Unfortunately, I do not have the figure.

You can not be serious. I hope we know when some of the people start selling to get out after pumping

please is there youtube link to these interview?

fashionnisir:
how many directors are now lift in these project, for directors should Believe in the project and should not just chicken out like that?

Why are the directors not believing the company can generate enough revenue soon to pay them back.How about if some decide to dump on people just a quick way to get out after pumping

Streetinvestor2:
Why are the directors not believing the company can generate enough revenue soon to pay them back.How about if some decide to dump on people just a quick way to get out after pumping

Why you should have joined the space and ask your questions. This is not nice honestly @pennystockwarri had posted about the space and several reminders were dropped, you decided not to join now you’re asking us

Princkez:
ELLAHLAKES has dropped oil mill and palm plantation address ooo...incase you want to go and verify you are welcome,oil mill to be commissioned by end of this month.

For the attention of the "audio farm" gang
.......................................

Here's a replay of the Twitter space.

https://x.com/i/spaces/1ypJdZODmqpKW

fashionnisir:
please is there youtube link to these interview?

Amaa2019:
Why you should have joined the space and ask your questions. This is not nice honestly @pennystockwarri had posted about the space and several reminders were dropped, you decided not to join now you’re asking us

Hmm.Whr did you crawl out from because this is the first time I am noticing this moniker on this thread.

Which is causing you pain here
1 The FA questions I am asking
2 That I am talking about ellahlakes.

Then again Which group do you belong here
1 The directors/interest pumping the stock to get out via back door
2.The known monikers now hiding in alternative handle to cover and attack as they feel I am spoiling things for them.
I did not start asking questions today or this yr

Pls be informed that I enjoy using block botton and really want the owner of this platform to make it permanent