₦airaland Forum

SonofElElyonRet:
You're right. I can't see it. Ellah announced it's raising N250b to acquire significant agricultural asset(s) which communicates that it'll be Ellah raising the funds via sale of new shares.. good morning

Joyful365:
It's worrisome seeing how Dangote has employed heärtlėss laptop boys to defend his actions all over social media.

Before you take the word of any faceless person on the internet as truth and people centred, ask the person to mention how many years they have worked under any Nigerian employer and if they would continue such job for the next 10 years or prefer a work visa to Canada to go do the same job.

Their response will reveal their agenda - propaganda agents for Dangote and other wicked capitalists who don't mind énslaving every Nigerian so long they keep topping or getting mentions on Forbes billionaires list

Mpeace:
Please block me, I want to know how it feels. Dangote refinery is a Nigerian company not a Canadian company.

Mpeace:
Please block me, I want to know how it feels. Dangote refinery is a Nigerian company not a Canadian company.

nosa2:
I believe we are witnessing NGX's first SPAC



A Special Purpose Acquisition Company (SPAC) is a shell company created solely to raise capital from investors to acquire or merge with an existing private company, effectively taking it public without a traditional Initial Public Offering (IPO). These "blank check" companies have no commercial operations of their own, existing only as a vehicle to find and merge with a target private company.
How SPACs Work

Formation:
A SPAC is formed by investors, known as sponsors, with no predetermined acquisition target.

IPO:
The SPAC then raises money through a public offering, listing its shares on a stock exchange.
Acquisition:
With the capital raised, the SPAC searches for a private company to acquire or merge with.
Going Public:
Once a target is identified and the deal is approved, the private company merges with the SPAC and becomes publicly traded, using the SPAC's existing public listing.

Key Characteristics

Shell Company: A SPAC is a "shell" with no assets other than the cash from its IPO.

Blank Check: Investors place their trust in the management team's expertise to find a suitable target.
Alternative to IPO: SPACs offer a faster route for private companies to become publicly traded compared to the complex IPO process.

Risks and Considerations

Less Transparency: The process can be less transparent than a traditional IPO.
Speculative Nature: SPACs can be highly speculative, and investors have lost money on some of them.

Joyful365:
Have you worked in any Nigerian company? If yes, for how long?

If you had the choice to continue working for the Nigerian company or travel to Canada to work in a similar role for the next ten years, which will you prefer and why?

These are straightforward questions. If you quote me without answering them I'll block you cos I'll believe you are just another uninformed propaganda tool.

SonofElElyonRet:
How does this relate to Ellah? Ellah has said it's raising N250b already

Joyful365:
It's worrisome seeing how Dangote has employed heärtlėss laptop boys to defend his actions all over social media.

Before you take the word of any faceless person on the internet as truth and people centred, ask the person to mention how many years they have worked under any Nigerian employer and if they would continue such job for the next 10 years or prefer a work visa to Canada to go do the same job.

Their response will reveal their agenda - propaganda agents for Dangote and other wicked capitalists who don't mind énslaving every Nigerian so long they keep topping or getting mentions on Forbes billionaires list

Mpeace:
Please block me, I want to know how it feels. Dangote refinery is a Nigerian company not a Canadian company.

KarlTom:
There's a high probability that this is the financial package ELLAH has in place because it will be Herculean to raise ₦250bn from the market in 3months.

Read more about Bayo Ogunlesi's GIP...

nosa2:
It started with Telluria.

SonofElElyonRet:
Ok. As long as they raise the money..

nosa2:
They don't need to raise money. Shares will be issued to the private company and current shareholders will become minority shareholders of the larger company.

Smart move if you ask me. Though it reeks of insider dealing. The Telluria guys knew about this from the beginning

nosa2:
They don't need to raise money. Shares will be issued to the private company and current shareholders will become minority shareholders of the larger company.

Smart move if you ask me. Though it reeks of insider dealing. The Telluria guys knew about this from the beginning

nosa2:
They don't need to raise money. Shares will be issued to the private company and current shareholders will become minority shareholders of the larger company.

Smart move if you ask me. Though it reeks of insider dealing. The Telluria guys knew about this from the beginning

ositadima1:
According to my dividend discount valuation, GTCO should be at a minimum of ₦112. Just wait for the emotional sellers to push it down a bit, then enter. As long as they can maintain this ₦8 dividend—hopefully even increase it next year—the outlook remains strong.

toyeoye:
Updated. Kindly confirm pls

Itzlinda:
I realised that after holding useless crypto project from 2023 to date.

After studying that chats for some hours, I realised I'd have been in better position if I just invested In s&p 500 index.

The truth is most people are just better off investing in the index fund.

ositadima1:
So, we’re getting another 10% today, that’s all I’m after, lol.

ositadima1:
So, we’re getting another 10% today, that’s all I’m after, lol.

Oasisblue:
12.1 Billion Naira worth of Aradel stock bought at 590 Naira! I am beyond convinced that some investors are manipulating this stock to keep the price from appreciating, thereby chasing smaller investors like us out of the market. Now it's going to fall further today.

There is God o!

newreality:
I've been trying to contact MorganCapital since yesterday on through their Email address, I sent mails 3 times, no response & they are not even picking up their calls.

Can someone please help with an alternative means of contacting to get a response?

Thank you