₦airaland Forum

emmanuelewumi:
No one knows 100% what the reserves are. This is best practice worldwide.


Yet you are 100% sure of the journey to N750.

No one knows for sure.
It is just an estimate.
It could be more than 1050 even.

DD advised

THE DEAL

Finally sealed.
Journey to 750 at first instance has commenced.


Some clauses in the OANDO publications are normal best practices where the said operation is mining.
No one knows 100% what the reserves are.
This is best practice in the whole world. Wale or not.

IB Right Issue
Any updates??

E no cast.
Deal of the decade.

ok

No worries.
Machete sharpened.
IntBrew oo oo oo oo oo oo

The deal will sail through.
No worries.
IntBrew is giving someone sleepless night

OANDOO

The deal!
The real deal!!
The very real deal!!!

SonofElElyonRet:
We know of TA FA and SA (sentiment analysis and spiritual analysis)... which one did you adopt to arrive at N750 fair value?

'Peer-to-peer' Analysis
Consider the stock price of the parent company that they are acquiring.
Also, consider the share price of their similar contemporary in Nigeria. i.e. SEPLATT

OANDO!

This stock, if allowed the degrees of freedom worthy of the class it ought to belong to, should be heading to 750 Naira by the time the DEAL is sealed.

Helpout12345:
You may pay the fee with a money order, personal check, or cashier’s check.  When filing at a USCIS lockbox, you may also pay by credit card using Form G-1450, Authorization for Credit Card Transactions. If you pay by check, you must make your check payable to the U.S. Department of Homeland Security.

https://www.uscis.gov/i-140
https://www.uscis.gov/pay-with-a-credit-card

In summary, you pay with a US Bank personal check, cashier’s check, or credit cards, or a money order drawn from a US organization.

In practice, from Nigeria, if you are using an attorney, you give the government filling fee to the attorney and the attorney will use any of the acceptable forms to pay the USCIS. If you DIY from Nigeria, you will need someone in the US to help you buy money order or cashier’s check, or issue a personal US check, except you have a US bank account yourself.

Also, note from the second link attached that only US Bank issued credit cards are allowed.

Hello there, thanks for your help so far.
Could you please recommend a good but affordable lawyer.

Thank you.

The IB matter is very bad now.
The management is a set of straight-face clowns.
I doubt that any sane 'minority' shareholder bought the Right Issues. Why would they?
Now, the Parent Company owns more of the company shares even in percentage terms.
Are they trying to delist? At what price??

Nairaland.com
Hmmmm.

OoANDOo is a PLC.
It is not a ltd, sole proprietorship or a family business.
There are rules of engagement.
That being said, some posts have been flying around asking that the CEO of OoANDOo should please give the poster 20 naira so that he/she can run away.
Well, he or she is entitled to his or her wishes. Some people want 50, 100, 300 and 450. This is because different people bought the stock at different prices per share.

I think that OoANDOo will not delist. Instead, it might offer some right issues and cancel some shares.
What do I think OoANDOo CEO will do next...He will like some people to be posting on SM that they want 20 naira. That way his associates can keep mopping the shares at very low prices.

IB

Perspective on IB
Currently, the free float of the shares is less than the required minimum of 20 percent.
They promised to meet up with the requirements.
Question would be "How"?
Simple answer would be

1. Sell some of the shares being held by the parent company and directors...thus increasing free float

2. Right issues in which the parent company and directors will not pick their right issues so that the percentage holding of the parent company and directors can dilute.

Option 2 is more practical. Here, the question would be " what if other shareholders refused to pick the offers, thus maintaining the status quo in ownership in terns of percentage?
Answer would that the company would have considered this possible outcome. Solution is that there is already available new Comer who has guaranteed to pick all the right issues.
What this will do to IB stock is that it will help the company to achieve its planned meeting up with the free float requirements. It will also help the company to raise new capital. It will improve share liquidity. It also ushers in new majority shareholders thus improving board decisions and overall management constitution.

There has been a lot of interest in OANDO recently.
A lot of people have been very negative about the stock....using Wale as a boogeyman to force minority shareholders to sell the units they currently possess.

If Oando really wants to delist...they surely will. However, this business is capital intensive with loans secured with consortium of Banks.

Will Oando really want to go private? Will their workers who probably hold few shares in the company be motivated after the delisting?

What of the community goodwill?

On OANDO,
The explanation notes on the upstream details that the value of the oil reserve is dependent on new information, price of product among other factors.
What does this mean?
Crude in the ground is ascertained by information gotten by more drilling etc. Also, the price of the product in the market matters. The asset of the company is therefore not fixed. It is a variable.
The question is : is the asset in Sept 2023 same as Dec 2021?

AGIP owned 20% of the JV that they were operating. Oando owned 20%. NNPCL owned the remaining.
AGIP decided to exit the JV. Could it mean that NNPCL was unaware that AGIP was transferring the operatorship and ownership of AGIP's ownership to OANDO? Most likely not. What then is the purpose of the letter by the NNPCL? Is it not the same NNPCL that OANDO sold their filling stations to in a midnight deal without informing anyone?
The letter is just funny. Wait for their denial soon. Bunch of....

I am heavy in IB at the moment. It constitutes about 45% of my portfolio.
While the company has good future, the current situation is concerning.
I am not exactly worried. However, I think that the company should change its directors.

YoungBuffet:
Pls hold your stocks ooo
GTB to 79
Zenith 66
Access 59
Uba 50
Fidelity 35
Fcmb 25
MTN 560
Flourmi 75
Sterling bank 25
DSR 75
Nascon 60
Nestle 5,000
Ftn 30
Dangcem 650

I will update later.

🤣🤣🤣
FBNH is conveniently missing on this your list.

7000 pages and counting ...God is good.

Dividend, courtesy GTCo has landed.

Adidee:
Yes
You ought to have received a receipt number, and have your priority date by now. Which address did you specify? I think it’s usually sent by post.

I used my home address in Nigeria.
Anyone with similar situation?

Good day everyone.

I sent out my I140 with NIW (EB2 Visa) application via DHL in December.
Till now, I have not received a response.
I read somewhere that there should be a receipt number. I did not receive any receipt number.
Could you kind people put me through on how this works.

Thank you.

7david7:
ok, I'll do that, hopefully this works. I'm exhausted already trying different things, if me the caregiver is getting exhausted, I can only imagine how he feels. I won't give up on him...thank u for ur contribution, I appreciate.

Please don't bath him in any salt water o. It is extremely dangerous

Lion123:
Oando shareholders need to reject this attempt of rape. What is N7? So the people who bought at above N15 many years ago and held in hopes of a turnaround will be left with nothing but their dick in their hands? This is why I always advise people to never do long term investment in Nigerian stocks. Get in, have a short-term horizon to make like 20 or 30%, and then run away.

If the OANDO shareholders allow this nonsense, then nobody might be interested in stock investment in Nigeria any longer.
The reason is obvious.
What will stop any majority stock shareholder from bribing some hungry investor, manipulate the court-ordered meeting etc and then buy other shareholders out for a cent on the dollars. That is simply broad day robbery, just because they can do it.

NotsonewMary:
The format is by writing a letter, usually called a petition letter to USCIS.
Highlighting everything that @helpout mentioned and all that we’ve been discussing in previous pages of this post. You’ll also need to attach copies of evidences of your documented achievements usually referred to as exhibits. There’s also a form to go along with your letter, that’s the Form I-140.

Helpout12345:
Proposed endeavor is just your field of expertise where you claim to have exceptional abilities or advanced degree.

1. The person’s proposed endeavor has both substantial merit and national importance;

This means your field of expertise meets the requirements of 2A - Advanced Degree or 2B - Exceptional abilities. And it's of national importance. E.g. an oil and gas engineer is of national importance because of the national needs of energy. A medical surgeon is of national importance because of health of the people. Etc.

2. The person is well positioned to advance the proposed endeavor;

You are still able to continue to practice in your field of expertise. If you are close to retirement, or no longer good in your field, you will not make this.

3. On balance, it would be beneficial to the United States to waive the job offer and thus the permanent labor certification requirement.

It's beneficial for the US to have people of your expertise now and in future. If your expertise is already obsolete, no need to have you.

Thanks for the responses.
Please, are recommendation letters also mandatory??

Good morning everyone.
Please I need more clarity.
Do we need to write the ' Proposed Endeavor ' ?
What is the format? Is it a form to fill??

What if the boy knew something they are not saying...like what if the queen is not really dead...
They just needed to pass on the stool to the son...