robobo:


They know Nigerians are docile set of people. Among the other Shareholders that are being shortchanged would be several lawyers. what stop one or two of them from also approaching a court to get an injunction against the DAYLIGHT ROBERRY they (OODP) intend to perpetrate. and in conjunction with the injunction write several petitions to all necessary state organs (NSE/SEC/NASS e.t.c). Even much more petitioning JSE (so the issue can become international cause most of the institution in country are compromised) because Oando is also listed on JSE.

Harvestock01:


The court became a father Christmas in this instance by granting the relief that was not sought.

Harvestock01:
The court became a father Christmas in this instance by granting the relief that was not sought.

OBAGADAFFI:


Fear Wale Tinubu, the buyout might be lower than the current price.

Oando and scam, are 5&6.

OBAGADAFFI:


Fear Wale Tinubu, the buyout might be lower than the current price.

Oando and scam, are 5&6.

Tpharell:

The shareholders get to vote to accept the offer, so I believe it can be turned down if reasonably low

robobo:


Which shareholders? or which meeting? meeting that would be deliberately be made onerous (just like the petition also. Isnt the right thing to do when they were served with the court paper for the petition to inform SEC immediately so that other minority shareholders that are interested in the case can be asked to be joined to the petition/case?)

i beggiiiii

Seunn11:
OODP of OANDO trying to forcefully take over other shareholders shares would be tantamount to Otedola asking court to force the other shareholders in FBNH to sell their shares to him.

If the court was presided by rational beings, they would have asked the 14 shareholders to go ahead to sell their own shares. Is that not what the stock exchange is meant for? Why joining others to your own desire to sell? Do we not have freedom to buy and sell?
If OODP want to buy more of OANDO shares, let them buy on the stock exchange!!!

Tpharell:

The shareholders get to vote to accept the offer, so I believe it can be turned down if reasonably low

robobo:


This would definitely be setting a bad precedent in the country.

So Unilever International being the majority holder of Unilever Nigeria can just get some ragtag shareholders together to get a court judgement to buy other minority shareholders out because the ragtag investors believe that best suited THERE own interest.

if not for the fact that SEC/NSE are already compromised they should just throw the issue out and not entertain it at all.

Like you rightly said the right thing for any shareholder that is not happy with the current state of things is to sell his shares on the floor of stock exchange and not approach a court to be bought out then also request the court to also mandate that all other minority shareholders that have nothing to do with him (and his desire) should also be bought out

Seunn11:


It will not augur well for the stock market in Nigeria. This is impunity/sale of justice in its purest form.
If OODP of OANDO have their way, if it were to be another country, their business may be ..... to the ground o....
This is stealing from every other person that has put their hard earned money into the business over the years.

That they even considered this shows that OODP/Tinubu are less than human and no one should have nothing to do with these blood suckers. Their business should not exist any more. They are not fit to exist as business.

robobo:


They know Nigerians are docile set of people. Among the other Shareholders that are being shortchanged would be several lawyers. what stop one or two of them from also approaching a court to get an injunction against the DAYLIGHT ROBERRY they (OODP) intend to perpetrate. and in conjunction with the injunction write several petitions to all necessary state organs (NSE/SEC/NASS e.t.c). Even much more petitioning JSE (so the issue can become international cause most of the institution in country are compromised) because Oando is also listed on JSE.

Mpeace:
My brother. Forget it. The country is gone and any lawyer that knows how things work will not even bother suing certain companies. Its no use. Many big companies in nigeria don't obey court orders any more. It started with the politicians and now many companies have joined. I am aware of some companies on NSE that flagrantly disobey court orders even with impunity. Zenith bank is chief, gtb, unity bank. If you are in the system you will understand better. Oando is also one of them, Dang group etc. You sue them its just a waste of money. They comply if they wish to.
Except a powerful figure with access to the cabal is interested, that oando delisting judgment stands.
Since they installed that new Chief justice things have not been the same.
My advice: just play along and pray they adequately compensate the said minorities. As for the 14 so called minorities that instituted the suit, be sure that they have already been adequately compensated.

robobo:


while i agree with some of your assertion about impunity, if i am a lawyer and a shareholder of Oando, i would still get a court injunction against the DAYLIGHT ROBERRY about to happen and ensure SEC is joined in the injunction, not necessarily because i believe Oando and SEC would still not act with impunity but at least for it to be on record that a court of competent jurisdiction ruled against the DAYLIGHT ROBERRY but the parties still went ahead to do as they wish (there would be a time that a Pharaoh that does not know Joseph would come into place and at such point such injunction/ court pronouncement could come in handy)

yMcy56:
FBNH
Sighted @ days high N10.10!

Where's that Oga that wants to dump his kaya @8.25 or so??
Oya calculate the extra on top and bring for thanksgiving.

UCAP chopping cane on the other hand...... why nah?
So also ZENITH.........quite some volume @21.90......


ZENITH closed @21.70........do these guys know what we don't know yet??

Vaughanlanrewaj:

My advice for you sir, don't take what you typed up there so serious enough to go ahead and break the law.
When you go break the law and bank on people , you will be shocked that when the poo hits the fan, people will abandon you to your fate. MDs of Bank PhB ,Oceanic bank, Intercontinental, Finbank etc thought they were untouchable but today are in disgrace yet it is same institution and patriots who sent them to jail.

Instead of sounding so pessimistic, just add to other creative suggestions by Seunn11

I urge Oando minority shareholders to report Oando, Venus comstruction company, Ocean and Oil , the judge to SEC and petition the Investment and Secuties Tribunal(IST).
.
Quit the lamentations and pessimism.

Here is the SEC Investor relations number 094621168. Call them , send emails, mobilize , call out that Judge who issued that kind of judgement, report the Judge to NJC, take them all to court of public opinion!Expose those 14 minority shareholders and owners of Nexus Construction.
Some of us do not have any country so can not talk down on our fatherland.

If you are conversant with history of legal judgements in capital markets even in Western nations, this kind of strange legal judgement on high stake issues like this should not give you reason to talk down on Nigeria. This is not unexpected but I have absolute faith in SEC and NGx that they will once again beat Oando management to it.
Nigerians are not and never stupid. We just do not want Oando, our own indigenous brand dead so we will engage constructively.

May God bless Nigeria for ever .

Mpeace:
lol. SEC cannot intervene after the court have spoken. SEC can only use its powers to ensure that the court's judgment is carried out accordingly.

OBAGADAFFI:
Jumped out of Oando with my 30%.

Vaughanlanrewaj:

I honestly do not know what is funny o. IST is an equivalent of a High court sir

OBAGADAFFI:


If you have ever attended AGM, you will know that Shareholders can be bought over.

In fact, some shareholders' associations, are on the company's payrolls.

Vaughanlanrewaj:

My advice for you sir, don't take what you typed up there so serious enough to go ahead and break the law.
When you go break the law and bank on people , you will be shocked that when the poo hits the fan, people will abandon you to your fate. MDs of Bank PhB ,Oceanic bank, Intercontinental, Finbank etc thought they were untouchable but today are in disgrace yet it is same institution and patriots who sent them to jail.

Instead of sounding so pessimistic, just add to other creative suggestions by Seunn11

I urge Oando minority shareholders to report Oando, Venus comstruction company, Ocean and Oil , the judge to SEC and petition the Investment and Secuties Tribunal(IST).
.
Quit the lamentations and pessimism. It is not funny either. Nation building is serious business.

Here is the SEC Investor relations number 094621168. Call them , send emails, mobilize , call out that Judge who issued that kind of judgement, report the Judge to NJC, take them all to court of public opinion!Expose those 14 minority shareholders and owners of Nexus Construction.
Some of us do not have any other country so can not talk down on our fatherland.

If you are conversant with history of legal judgements in capital markets even in Western nations, this kind of strange legal judgement on high stake issues like this should not give you reason to talk down on Nigeria. This is not unexpected but I have absolute faith in SEC and NGx that they will once again beat Oando management to it.
Nigerians are not and never stupid. We just do not want Oando, our own indigenous brand dead so we will engage constructively.
To destroy is easy but to build is hardwork. Oando is bigger than Wale and Boyo.

May God bless Nigeria for ever .

Mpeace:
Appeals from IST goes to the the Federal High court. The IST is a tribunal that acts like an inhouse dispute settlement mechanism. Unlike the courts, the I ST is not recognised in the constitution but only a creation of the statute of the national assembly. Its not a court of record. But I am not laughing in a hilarious mood. The laugh is due to the hopelessness of the situation. Lets hope a powerful shareholder fights back.

onegentleguy:
I just published an article with the title:

"INTL BREWERIES: SETTLING THE ANAMBRA DEBATE"

...an in-depth analysis, review and follow-up inference on the debate surrounding the Anambra state govt "adventure" in international breweries Nig Plc; What you should know!

It's published on booksie, the U.K blog, medium and the personal finance section of some select Nigerian dailies.
You may wish to read through by using the link below.

https://www.booksie.com/675166-intl-breweries-settling-the-anambra-debate

Regards.

ZikkyChops:

Very true, I can testify to that.