sdeck:

@Yodiyokun, Loma, Pumping777
These your obsession with this Obama dey tire person. The man get mouth but no be mouth go run economy! I remember how some people fell for Obasanjo in 1999. He had just come from jail after being a head of state and all that. He turned out to be a man with short memory of the suffering of people. Last year, they told us that Yaradua and Dr Goodluck Jonathan are intellectuals. They promised to declare an emergency in the power sector. Everybody cheered.

sdeck link=topic=31554.msg1983505#msg1983505 date=1203655561:

.

@ sdeck

Can you believe your comment above woke me up from my deep sleep? I take offence to you comparing Obama to Obasanjo/Yaradua. Even if na candle you dey take look the debate, how you go compare Ripe Pumpkin and rotten orange? Beg me make I no vex o!

For all Hillary supporters, good stuff towards the end on her part, but we can see through it. Nice valedictory speech though (xeroxed from Edwards) . We will be magnanimous to you SIRO guys who sneaked into Hillary's team to RUSH OUT now,and stay for the long term with Obama

@pumping
Which planet I dey? They never connect nairaland.com to Mars na! If no be say you be guru whose analysis of stockmarket I despect very much I for say make my lawyer come collect all the loot wey you don pockect for NSE

Me! Support Mr "my friends". You see republican we get friend outside the GOP before? The man even be 71! He is not really thinking of shaping this world. His heart must be how to make the hereafter better.

Change agent. What has the man changed apart from talking about paradigm shift? I am saying he is talking which anybody can do. I used the Nigerian example to show that after promise upon promise, people may still not perform.

As for Nigeria. Do we ever have a choice? The 2 or 3 major parties present us with whoever they like among the old cargoes (especially somebody who will not rock the boat). How come Obasanjo cleared the deck of all the contenders and invited Yaradua from obscurity and gave him "scholarship" to become president. And also said that it is a matter of life and death! Why? To protect his shenanigans!

My choice? I still prefer the Clintons anyday. Make somebody (who no dey shame to steal peoples words) no come do Transcorp phenomenon (Obama phenomenon) for me joo.

Obama carry yourself go away!


Anyway, talk the thing wey person fit buy quickly today before some people wake up. By the time they even wake up, I go don call moderator to delete your tip.

@loma
I no dey do stock without fundamental (Obama and Transcorpse). I enter Clinton in 1992 and I still carry my laminated share certificate. I no go put am for CSCS sef. I go beg you to go back to sleep while Pumping want give tip

ty_ademolu:

@ Aktopgun and FatherofME


From your previous posts, both of you were recommending Japaul (na me talk am first sha), Eternaoil and UAC-Prop.

I took a look at the charts, and Eterna Oil seems to be on a downtrend (RSI trending below 70, and fast MACD intercepting slower MACD)

Or are you tryin to say that the fundamentals beat the TA, so its still a good buy? Or is it jus speculation that Fola Adeola would drive the price up just as he did with AP?

From the charts, UACP and Japaul do look good (even though I know say before PO buyers collect their pali I for don sell my own)

whats your take on my theory?

Ty,

i do not speculate. i wouldnt be doing all this reading to speculate na. i wouldnt need to. speculating is a recipe for accident. Also i am not particularly interested in name dropping or the likes either re: fOLA adeola, although he is a respected manager no doubt, which cant be bad at all.

on eternaoil

what i mean is that it is a good buy now cuz it is at a lower price now as u've said with the indicators. i hardly ever buy a stock thats going up unless i believe there's still more room above for it to go into (thats why i bought cutix at 13.50 ).
of course its already looking to go back up now, which is why i feel its a good time to buy before it gets too high again.

hope its clearer now

Obama is without doubt a first class orator, but as my people would say, no be words we go chop.  I am a black man and I would obviously like a black man to be president of the US someday, but something tells me Obama is not the right person for the job.  He reminds me of a general that sends out his troops to war with an uplifting speech but with no weapons and worse, no strategy.  People have mentioned that Bill Clinton had no experience before he was President, that is not entirely true. Yes he had no "presidential experience", but he had 11 year governorship experience plus two year as Attorney General of Arkansas.   To me, having executive experience is a lot better than being in the senate (federal or state)

Change has become a buzz word as if the word was coined yesterday.   He promises to unite the country, how is he going to do that?  He is too FAR LEFT to unite the country.  George Bush (who is too FAR RIGHT) promised to unite the country when he was campaigning in 2000 (his pledge was he was going to be the uniter) and we can all see how much unity he achieved.  It's difficult to unite people when you belong to the extreme end of the spectrum. He also intends to change Washington? We'll see about that.

Let's not even talk about his economic policies, all I can hear so far are tax hikes (Hilary included). He plans to increase capital gains tax to between 20-28% from the current 15%.  He plans to roll back the tax cuts for the "wealthy" (Hilary too), as if it was only the wealthy that benefitted from Bush tax cuts.  It's simple math, someone that makes a $1million and gets say a 1% tax break will most likely receive more tax refund than someone making $50,000 and gets a 10% tax roll back. Does that mean that only the rich guy benefitted from the tax cut?

I used to be(still am) a democrat supporter, but I am neither impressed with Obama nor Clinton.  The economy (putting more money in my pocket ) is my major concern and the only thing both democratic candiates want to do is take it out

If Romney was in the race, he would have had my vote, even though he speaks as if he has 10 different mouths.  Mr John "My Friends" McCain cannot inspire even the most optimistic person in the world.  

Back to NSE    AkTopabelaGun, abeg what do the abelas say about OANDO and NASCON this morning?

@invisible et pumping

longman did a gravestone doji yesterday with high volume. its not a good sign as it signifies a possible change in trend. so on this one i wouldnt be suprised if it drops today. also the chaikin money flow is suddenly negative, indicating selling pressure increasing.

i dont feel the same way for ikejahotel though. lets see what the day brings

@ pumping: wanajo, yodiyokun, franriri, fof2 et-ll
help your brother out, technically prestige and presco are knocking on my door but foundamentally i dont knw them. Please description needed.
Describing stock foundamentally is a begining of wisdom.
Thanks.

pumping,

Pls gist me about the access bank stuff.

To the best of my knowledge, I have not seen the official allotment in the papers, so how come u have got your allocation.

And again (if its not confidential), could u give me an idea of the no of units u bought for u to have got 70% (I applied for 140k, what will my allotment be?)

All,

Obama is it!!!!! The real thing

@All,
With the recent slight bearish trend in some insurance stocks, I think we may experience some upsurge of interest from those that couldn't buy before now. Although the fear of TS now is the beginning of wisdom for short-termers like myself, hence, steering clear of the likes of WAPIC, Crusader, etc.
The one am not sure of is UNIC. What do you think of UNIC as per TS, is it near suspension in the near future, say mid-year or thereabout? I don't want to get caught with Wema syndrome again.
Thanks.

this is from proshare.
Diamond Result -
http://www.proshareng.com/myproshare/portal_news.php?id=3629

Has anyone heard about the ValueLine securities proposed pp, pls any one with the info can you post it here, including the prospectus. I read about it in one of the dailies today.

I am very sorry cos i know this is not the right place to post this but since trading has not started ,this can help in deciding between Obama and Clinton if u can vote.

When Hillary Clinton threw her hat in the senatorial ring in 1999, one Sikh donor with business interests in India enriched her to the tune of $50 thousand-and she enriched him with access. The Sikh is a millionaire whose circumstances suggest may be living on "borrowed" wealth. The man is hotel-restaurant mogel Sant Singh Chatwal. Chatwal a naturalized citizen from India who initially raised $500 thousand for Clinton in a fundraiser in his Upper Eastside penthouse. Chatwal reportedly committed 14 entities controlled by him to donate $210 thousand of that amount to Hillary's first campaign for the US Senate. Not in the least surprising is the fact that Chatwal is also a key Trustee of the William J. Clinton Foundation.
Chatwal, a US tax deadbeat since at least 1996 (and a debt deadbeat before that) began donating to Bill and Hillary Clinton early in the Clinton years. The Clintons reciprocated (that old political quid pro quo) by approving grants to Indian-American advocacy groups that were used to finance the outsourcing of jobs from the United States to India. Beginning in 1996 Cisco Systems (another major Clinton donor) began laying off $60 thousand-plus high tech employees and replacing them with new hires from Bangalore, India for about half the dollars. Cisco Systems justified the hirings, claiming they could not find qualified employees in the United States. By 1998 Cisco had only a handful of Infosys Technology workers overseas (Infosys is an outsourcer of jobs to India). Most of their 850 employees are now Indian. (Infosys has just launched an IT subsidiary in Monterray, Mexico to outsource outsourced jobs from India to Mexico.) In 2006 Newsweek reported that Cisco System's R& facility-employing 3,000 people, would be located in India. (Bill Clinton received $300 thousand from Cisco in 2006 for two speeches at $150 thousand per speech. Cisco employees-those who still had jobs-donated $39,450 to Hillary.)
Bill Clinton invested upwards of $50 thousand in an Indian bill paying company through his WJC Investments, LLP when outsourcing became a hot property. The company, Easy Bill Limited, is an Indian corporation. Easy Bill functions as a one-stop bill paying outlet for utility bills, credit card bills or any other debts you pay online. (It's website, www.easybillindia.com (does not conceal from anyone interested in billing collection services that they are outsourcing to India).
In 2004 Congress-and several States-attempted to enact anti- outsourcing laws. In March, 2004 the Senate approved an amendment by Sen. Chris Dodd [D-CT] disallowing tax dollars from being used to facilitate the outsourcing of American jobs. A day earlier, Congressman Bernie Sanders [I-VT] (now one of Vermont's two US Senators) introduced a bill that would deny grants or loans to any company that outsourced jobs if they laid off workers in the United States to a greater level than layoffs of employees in any other country in the world. Several industrial States attempted to enact anti-outsourcing laws that year, but those bills either failed and were defanged before passage.

As pressure mounted to kill outsourcing, Hillary Clinton, John Kerry, and Chuck Schumer were instrumental in created the Senate India Caucus (which was "coordinated" by the US India Political Action committee) to lobby Senators who were attempting to derail job outsourcing. When the Caucus was formed, Hillary Clinton told Roll Call that ", [i]t is imperative that the United States do everything possible to reach out to India. This Caucus is dedicated to expanding areas of agreement with India and engaging in a candid dialogue of differences." With their money in her pocket, what else could she say? Hillary is a co-chairman of the Caucus. On the House side, Hillary's allies are House Speaker Nancy Pelosi and Congressman Joe Crowley [D-NY]. (If your job has been outsourced, you now know who to thank.)

In 2005 when it appeared outsourcing would have stiff penalties, Clinton and Chatwal went to India on Feb. 28 to personally assure Hillary's constituents in the New York suburbs of Punjab that outsourcing was safe and that the United States government would make no attempt to save the jobs being lost to outsourcing. (At a recent fundraiser hosted for Hillary by Dr. Rajwant Singh at his Potomac, Maryland home-who raised $50 thousand for Clinton that evening-the Senator joked "I can certainly run for the Senate seat in Punjab and win easily."
Meanwhile, back to Chatwal. In March, 2007-after Clinton and Chatwal returned from India-Chatwal committed to raising $5 million for Hillary's presidential campaign. "Outsourcing," she had assured her "Punjab" constituents in India on Feb. 28, 2007, "will continue. There is no way to legislate against reality. We are not in favor of putting up fences." Not even, apparently, one on the border. Shortly after returning to the United States, the Delaware-based IT Professionals Association of America [ITPAA]-which represents IT professionals nationwide-voted Hillary Clinton its "Weasel Award," which is given each year to business and political leaders who betray the trust of the American people.
Unlike Clinton fundraiser Norman Hsu who stole over $1 million on his road to being Beijing's 2008 Straw Man to infuse Hillary Clinton's campaign with yuan, Chatwal was accused of defrauding the New York branch of the Bank of India out of $9 million he borrowed from them in 1994 and never paid back. As he prepared to board a plane with Bill Clinton in 2001 he was arrested because he owed the City of New York $2.4 million. He posted a bond and flew to India with Clinton (perhaps to visit Hillary's constituents in Punjab). He was arrested in India on the Bank of India matter. He posted bail equivalent to $32,000 and jumped bail by boarding a flight to Vienna. After borrowing that $9 million, he borrowed $14 million from the First New York Bank for Business-and skipped. The bank failed. The FDIC sued him for obtaining improper loans from a bank-Chatwal was one of the bank's directors.
Chatwal is a tax deadbeat who believes only the working class pays taxes. And, with the help of Bill and Hillary Clinton he made that belief a reality. Chatwal, who was contributing handsomely to the Clintons at the time, testified in his court hearing that his net worth was $2,600.00, and that he had less than $100 in cash to his name. Yet, he lived in a 7,000 square foot luxury penthouse apartment. In a settlement with the Clinton Administration's FDIC, Chatwal agreed to pay the federal government $125 thousand-and the government agreed to drop its allegations that Chatwal defrauded the bank and made false financial statements to hide his assets. The American taxpayers absorbed $13.9 million of the loss and Chatwal continued to financially enable his friends in the White House. (Chatwal said the penthouse was purchased by his wife, Pardaman, for $1.8 million in 1987. The loan came from another bank where Chatwal served as a director. Ownership of the penthouse was transferred to a real estate company owned by Chatwal's brother, Iqbal Chatwal. Sant Singh Chatwal occupies it with "an oral lease." It is unclear whether or not that loan was ever paid back. Chatwal's history of paying back loans suggests it was not. The transfer of ownership appears to have been used to dispose of the penthouse to avoid repossession by the bank.

Chatwal claims that, at one time, he was worth $45 million. When he filed personal bankruptcy he also filed for Chapter Seven bankruptcy protection on his 56 Bombay Palace restaurants. Chatwal owed the City of New York more than $2.4 million in back taxes which have never been paid. The IRS is chasing Chatwal for $4 million in unpaid business taxes and the State of New York is chasing him for more than $5 million in back taxes. Across the ocean, India wants to put him on trial him for bank fraud. Yet, when reporters asked Clinton spokesman Phil Singer if there was anything in Chatwal's background that should be a cause for concern (after the Norman Hsu flap), Singer said, "No, " adding that major fundraisers are routinely vetted ", through publicly available records." (Which ones, I wonder? All of the information in this article came from "publicly available records."
Meanwhile, back to Hillary Clinton. Despite the aggressive courtship of labor unions by the upper tier Democrats (i.e., Hillary Clinton, John Edwards and Barack Obama), the major unions have withheld their endorsements as they scrutinize the candidates over their position on one core issue-the job drain to countries without binding arbitration rights for labor. Before they rubber stamp the next nominee, labor wants [a] a definitive explanation how that candidate will stem the flow of jobs-in particular the large number of high paid service and technology sector jobs-that are being taken over by outsourced low income workers in India, and [b] they want signed pledges from the candidates that they will stop the drain.
Labor unions are taking a close look at the histories of the Democratic candidates-and some labor leaders have found Sen. Clinton's record alarming. Thea Lee, policy director for the AFL-CIO said ", [t]he India issue is still something people are concerned about. Her financial relationships, her quotes-they have both gotten attention." But even more, Clinton-who needs the endorsement of big labor to win the nomination-has had closed door meetings with Big Labor to explain her ties with Chatwal and the Indian companies that are profiting from contracts with American corporations who are outsourcing their jobs to increase their profit margins.
Labor is pressing Clinton to mitigate her support for expanding temporary work visas. The AFL-CIO has questioned the Senator on the help she provided to an Indian company that was allowed to establish an American beachhead in New York state. Hillary Clinton-like most liberals who think you can take a worker's $60 thousand per year job and give them welfare and schooling allowances to retrain them to survive on a $30 thousand service sector job a year or two down the road-after they lose everything in a bankruptcy that's now almost impossible to file-has sponsored legislation to provide retraining funds for American workers whose jobs were outsourced ue largely to her efforts and those of her liberal allies in the US Senate.
Clinton has declined repeated requests from the liberal Washington Post for an interview about her version of the outsourcing story. Her spokespeople claim there are no inconsistencies between statements she has made here or in India with regard to her conduct as a US Senator. The Senator, they said, believes in the free enterprise system and she opposes legislation to restrict outsourcing since that would be a restrain of free trade-even to slow the loss of American jobs. But, they added, she has worked hard to provide funds to assist workers who lost their jobs due to outsourcing. In an added insult to the American people, another Clinton spokesman said Hillary ", believes that we must make sure that we are not allowing other countries to take advantage of American workers, and that we do not have policies in place that actually promote outsourcing of American jobs."
At a recent fundraiser in Los Angeles, the host of the event, Nadadur Vardhan told his guests that they should support Hillary Clinton because she will shift more jobs to India. At another fundraiser, Hillary pledged her support to the Indian community and pressed Indian companies to invest more of their profits in the United States to pay the country back for the jobs they got through outsourcing. "If the United States continues to outsource jobs to India in increasingly large numbers, people will begin to feel insecure and may very well seek more protection against what they view as unfair competition. America is not just a marketplace to get a foothold in. It's a place to make lasting investments that will create jobs and economic growth for everyone."
Sanjay Puri-the head of the nation's largest Indian-American fundraising PAC-noted that ", [t]he Clintons made a special effort. They went to India. They made a real attempt to reach out to Indian-Americans at a time when no one else had done that." If that's true, then we can blame the Clintons for every outsourced job that went to India. India is, after all, Hillary's second most important constituent-after China. it's a shame she doesn't fight for the people of New York-or the United States-as hard as she does those who fill her war chest. Too bad the people of the People's Republic of China or India don't vote here. Hillary could use the votes.
Between Bill and Hillary Clinton, the Clintons have made 8 trips to India-and scores of fundraising visits to Indian-American PAC groups within this country. One of the Clinton's India-connections Vinod Gupta, the founder of a Nebraska data processing company who had donated over $1 million to Clinton political causes during the Clinton years-and who paid "private citizen" Bill Clinton $3.3 million as a business consultant.
I guess the 1992 campaign rhetoric Bill Clinton used to describe the co-presidency still applies. "When you elect one of us, you get both." Only this time it isn't the love-hate co-presidency of Billhilly Clinton, its the co-senatorship of Hillbilly Clinton. The first time around, Hillary took the gratuities Bill couldn't take. This time around, Bill is taking the gratuities Hillary can't take. And, between them both, they licked they platter clean. The Clintons apparently still believe the adage, "You can con some of the people some of the time, but when the media remains silent, you can con all of the people all of the time. Or, at least, you can escape due process."


Will voters in Texas and Ohio, particularly blue collar workers who have seen jobs disappearing thanks to the efforts of both Hillary and Bill Clinton hold them accountable for the many ways they have contributed to this downturn in the economy, or will they buy the bilgewater that is going to be supplied to them via the airwaves about Hillary's alleged superiority on the subject of the economy. A group of very wealthy individuals as well as corporate special interest groups (many from the state of California) have formed a 527 group which will allow them to exceed the maximum legal amount they can contribute directly to Clinton's campaign for the purpose of flooding the airwaves in Ohio and Texas with TV advertising attacking Senator Obama and claiming a fictitious mantle of economic expertise for Hillary. This "SWIFTBOAT-like organization" is run by former Aids to Bill Clinton (1994-1999), refuses to list the names of any of their contributors, has hired Hillary's chief campaign representative (responsible for recruting the Latino vote), Los Angeles Mayor, Villaraigose's ad producer, Mattis Goldman, to produce the TV ads that will target mostly white woman and white men in Ohio and Latinos in Texas.

@blueband

omo, i never forget u o! No vex my brother, the last few days have been quite busy and i am making a conscious effort to spend as little time on the computer for family reasons  . e don reach the one wey wifey don begin to talk say e be like  say we don be 4 for our house now, me, her, tobe, and nairaland    .

i will attempt to holla at u this weekend if i can but if not will e-mail u next week from work probably

E be like say today na di only day i go fit deu fully for here before person begin say make i go sleep for couch o. sat & sunday go be for family relations    

moche:

I am very sorry because i know this is not the right place to post this but since trading has not started ,this can help in deciding between Obama and Clinton if u can vote.

When Hillary Clinton threw her hat in the senatorial ring in 1999, one Sikh donor with business interests in India enriched her to the tune of $50 thousand-and she enriched him with access. The Sikh is a millionaire whose circumstances suggest may be living on "borrowed" wealth. The man is hotel-restaurant mogel Sant Singh Chatwal. Chatwal a naturalized citizen from India who initially raised $500 thousand for Clinton in a fundraiser in his Upper Eastside penthouse. Chatwal reportedly committed 14 entities controlled by him to donate $210 thousand of that amount to Hillary's first campaign for the US Senate. Not in the least surprising is the fact that Chatwal is also a key Trustee of the William J. Clinton Foundation.
Chatwal, a US tax deadbeat since at least 1996 (and a debt deadbeat before that) began donating to Bill and Hillary Clinton early in the Clinton years. The Clintons reciprocated (that old political quid pro quo) by approving grants to Indian-American advocacy groups that were used to finance the outsourcing of jobs from the United States to India. Beginning in 1996 Cisco Systems (another major Clinton donor) began laying off $60 thousand-plus high tech employees and replacing them with new hires from Bangalore, India for about half the dollars. Cisco Systems justified the hirings, claiming they could not find qualified employees in the United States. By 1998 Cisco had only a handful of Infosys Technology workers overseas (Infosys is an outsourcer of jobs to India). Most of their 850 employees are now Indian. (Infosys has just launched an IT subsidiary in Monterray, Mexico to outsource outsourced jobs from India to Mexico.) In 2006 Newsweek reported that Cisco System's R& facility-employing 3,000 people, would be located in India. (Bill Clinton received $300 thousand from Cisco in 2006 for two speeches at $150 thousand per speech. Cisco employees-those who still had jobs-donated $39,450 to Hillary.)
Bill Clinton invested upwards of $50 thousand in an Indian bill paying company through his WJC Investments, LLP when outsourcing became a hot property. The company, Easy Bill Limited, is an Indian corporation. Easy Bill functions as a one-stop bill paying outlet for utility bills, credit card bills or any other debts you pay online. (It's website, www.easybillindia.com (does not conceal from anyone interested in billing collection services that they are outsourcing to India).
In 2004 Congress-and several States-attempted to enact anti- outsourcing laws. In March, 2004 the Senate approved an amendment by Sen. Chris Dodd [D-CT] disallowing tax dollars from being used to facilitate the outsourcing of American jobs. A day earlier, Congressman Bernie Sanders [I-VT] (now one of Vermont's two US Senators) introduced a bill that would deny grants or loans to any company that outsourced jobs if they laid off workers in the United States to a greater level than layoffs of employees in any other country in the world. Several industrial States attempted to enact anti-outsourcing laws that year, but those bills either failed and were defanged before passage.

As pressure mounted to kill outsourcing, Hillary Clinton, John Kerry, and Chuck Schumer were instrumental in created the Senate India Caucus (which was "coordinated" by the US India Political Action committee) to lobby Senators who were attempting to derail job outsourcing. When the Caucus was formed, Hillary Clinton told Roll Call that ", [i]t is imperative that the United States do everything possible to reach out to India. This Caucus is dedicated to expanding areas of agreement with India and engaging in a candid dialogue of differences." With their money in her pocket, what else could she say? Hillary is a co-chairman of the Caucus. On the House side, Hillary's allies are House Speaker Nancy Pelosi and Congressman Joe Crowley [D-NY]. (If your job has been outsourced, you now know who to thank.)

In 2005 when it appeared outsourcing would have stiff penalties, Clinton and Chatwal went to India on Feb. 28 to personally assure Hillary's constituents in the New York suburbs of Punjab that outsourcing was safe and that the United States government would make no attempt to save the jobs being lost to outsourcing. (At a recent fundraiser hosted for Hillary by Dr. Rajwant Singh at his Potomac, Maryland home-who raised $50 thousand for Clinton that evening-the Senator joked "I can certainly run for the Senate seat in Punjab and win easily."
Meanwhile, back to Chatwal. In March, 2007-after Clinton and Chatwal returned from India-Chatwal committed to raising $5 million for Hillary's presidential campaign. "Outsourcing," she had assured her "Punjab" constituents in India on Feb. 28, 2007, "will continue. There is no way to legislate against reality. We are not in favor of putting up fences." Not even, apparently, one on the border. Shortly after returning to the United States, the Delaware-based IT Professionals Association of America [ITPAA]-which represents IT professionals nationwide-voted Hillary Clinton its "Weasel Award," which is given each year to business and political leaders who betray the trust of the American people.
Unlike Clinton fundraiser Norman Hsu who stole over $1 million on his road to being Beijing's 2008 Straw Man to infuse Hillary Clinton's campaign with yuan, Chatwal was accused of defrauding the New York branch of the Bank of India out of $9 million he borrowed from them in 1994 and never paid back. As he prepared to board a plane with Bill Clinton in 2001 he was arrested because he owed the City of New York $2.4 million. He posted a bond and flew to India with Clinton (perhaps to visit Hillary's constituents in Punjab). He was arrested in India on the Bank of India matter. He posted bail equivalent to $32,000 and jumped bail by boarding a flight to Vienna. After borrowing that $9 million, he borrowed $14 million from the First New York Bank for Business-and skipped. The bank failed. The FDIC sued him for obtaining improper loans from a bank-Chatwal was one of the bank's directors.
Chatwal is a tax deadbeat who believes only the working class pays taxes. And, with the help of Bill and Hillary Clinton he made that belief a reality. Chatwal, who was contributing handsomely to the Clintons at the time, testified in his court hearing that his net worth was $2,600.00, and that he had less than $100 in cash to his name. Yet, he lived in a 7,000 square foot luxury penthouse apartment. In a settlement with the Clinton Administration's FDIC, Chatwal agreed to pay the federal government $125 thousand-and the government agreed to drop its allegations that Chatwal defrauded the bank and made false financial statements to hide his assets. The American taxpayers absorbed $13.9 million of the loss and Chatwal continued to financially enable his friends in the White House. (Chatwal said the penthouse was purchased by his wife, Pardaman, for $1.8 million in 1987. The loan came from another bank where Chatwal served as a director. Ownership of the penthouse was transferred to a real estate company owned by Chatwal's brother, Iqbal Chatwal. Sant Singh Chatwal occupies it with "an oral lease." It is unclear whether or not that loan was ever paid back. Chatwal's history of paying back loans suggests it was not. The transfer of ownership appears to have been used to dispose of the penthouse to avoid repossession by the bank.

Chatwal claims that, at one time, he was worth $45 million. When he filed personal bankruptcy he also filed for Chapter Seven bankruptcy protection on his 56 Bombay Palace restaurants. Chatwal owed the City of New York more than $2.4 million in back taxes which have never been paid. The IRS is chasing Chatwal for $4 million in unpaid business taxes and the State of New York is chasing him for more than $5 million in back taxes. Across the ocean, India wants to put him on trial him for bank fraud. Yet, when reporters asked Clinton spokesman Phil Singer if there was anything in Chatwal's background that should be a cause for concern (after the Norman Hsu flap), Singer said, "No, " adding that major fundraisers are routinely vetted ", through publicly available records." (Which ones, I wonder? All of the information in this article came from "publicly available records."
Meanwhile, back to Hillary Clinton. Despite the aggressive courtship of labor unions by the upper tier Democrats (i.e., Hillary Clinton, John Edwards and Barack Obama), the major unions have withheld their endorsements as they scrutinize the candidates over their position on one core issue-the job drain to countries without binding arbitration rights for labor. Before they rubber stamp the next nominee, labor wants [a] a definitive explanation how that candidate will stem the flow of jobs-in particular the large number of high paid service and technology sector jobs-that are being taken over by outsourced low income workers in India, and [b] they want signed pledges from the candidates that they will stop the drain.
Labor unions are taking a close look at the histories of the Democratic candidates-and some labor leaders have found Sen. Clinton's record alarming. Thea Lee, policy director for the AFL-CIO said ", [t]he India issue is still something people are concerned about. Her financial relationships, her quotes-they have both gotten attention." But even more, Clinton-who needs the endorsement of big labor to win the nomination-has had closed door meetings with Big Labor to explain her ties with Chatwal and the Indian companies that are profiting from contracts with American corporations who are outsourcing their jobs to increase their profit margins.
Labor is pressing Clinton to mitigate her support for expanding temporary work visas. The AFL-CIO has questioned the Senator on the help she provided to an Indian company that was allowed to establish an American beachhead in New York state. Hillary Clinton-like most liberals who think you can take a worker's $60 thousand per year job and give them welfare and schooling allowances to retrain them to survive on a $30 thousand service sector job a year or two down the road-after they lose everything in a bankruptcy that's now almost impossible to file-has sponsored legislation to provide retraining funds for American workers whose jobs were outsourced ue largely to her efforts and those of her liberal allies in the US Senate.
Clinton has declined repeated requests from the liberal Washington Post for an interview about her version of the outsourcing story. Her spokespeople claim there are no inconsistencies between statements she has made here or in India with regard to her conduct as a US Senator. The Senator, they said, believes in the free enterprise system and she opposes legislation to restrict outsourcing since that would be a restrain of free trade-even to slow the loss of American jobs. But, they added, she has worked hard to provide funds to assist workers who lost their jobs due to outsourcing. In an added insult to the American people, another Clinton spokesman said Hillary ", believes that we must make sure that we are not allowing other countries to take advantage of American workers, and that we do not have policies in place that actually promote outsourcing of American jobs."
At a recent fundraiser in Los Angeles, the host of the event, Nadadur Vardhan told his guests that they should support Hillary Clinton because she will shift more jobs to India. At another fundraiser, Hillary pledged her support to the Indian community and pressed Indian companies to invest more of their profits in the United States to pay the country back for the jobs they got through outsourcing. "If the United States continues to outsource jobs to India in increasingly large numbers, people will begin to feel insecure and may very well seek more protection against what they view as unfair competition. America is not just a marketplace to get a foothold in. It's a place to make lasting investments that will create jobs and economic growth for everyone."
Sanjay Puri-the head of the nation's largest Indian-American fundraising PAC-noted that ", [t]he Clintons made a special effort. They went to India. They made a real attempt to reach out to Indian-Americans at a time when no one else had done that." If that's true, then we can blame the Clintons for every outsourced job that went to India. India is, after all, Hillary's second most important constituent-after China. it's a shame she doesn't fight for the people of New York-or the United States-as hard as she does those who fill her war chest. Too bad the people of the People's Republic of China or India don't vote here. Hillary could use the votes.
Between Bill and Hillary Clinton, the Clintons have made 8 trips to India-and scores of fundraising visits to Indian-American PAC groups within this country. One of the Clinton's India-connections Vinod Gupta, the founder of a Nebraska data processing company who had donated over $1 million to Clinton political causes during the Clinton years-and who paid "private citizen" Bill Clinton $3.3 million as a business consultant.
I guess the 1992 campaign rhetoric Bill Clinton used to describe the co-presidency still applies. "When you elect one of us, you get both." Only this time it isn't the love-hate co-presidency of Billhilly Clinton, its the co-senatorship of Hillbilly Clinton. The first time around, Hillary took the gratuities Bill couldn't take. This time around, Bill is taking the gratuities Hillary can't take. And, between them both, they licked they platter clean. The Clintons apparently still believe the adage, "You can con some of the people some of the time, but when the media remains silent, you can con all of the people all of the time. Or, at least, you can escape due process."


Will voters in Texas and Ohio, particularly blue collar workers who have seen jobs disappearing thanks to the efforts of both Hillary and Bill Clinton hold them accountable for the many ways they have contributed to this downturn in the economy, or will they buy the bilgewater that is going to be supplied to them via the airwaves about Hillary's alleged superiority on the subject of the economy. A group of very wealthy individuals as well as corporate special interest groups (many from the state of California) have formed a 527 group which will allow them to exceed the maximum legal amount they can contribute directly to Clinton's campaign for the purpose of flooding the airwaves in Ohio and Texas with TV advertising attacking Senator Obama and claiming a fictitious mantle of economic expertise for Hillary. This "SWIFTBOAT-like organization" is run by former Aids to Bill Clinton (1994-1999), refuses to list the names of any of their contributors, has hired Hillary's chief campaign representative (responsible for recruting the Latino vote), Los Angeles Mayor, Villaraigose's ad producer, Mattis Goldman, to produce the TV ads that will target mostly white woman and white men in Ohio and Latinos in Texas.

o ga ju! who u wan make e read ALL this one? US politics no concern me reach this one o. i never even finish knowing the ins and outs of Naija one sef.

GO OBAMA!

aktopgun:


E be like say today na di only day i go fit deu fully for here before person begin say make i go sleep for couch o. sat & sunday go be for family relations

Make you no come burn all your bridges! he dey ok if you still dey burn candles at both ends but to burn your bridges the journey to recovery go dey hard o

RoughCut:

Make you no come burn all your bridges!  he dey ok if you still dey burn candles at both ends but to burn your bridges  the journey to recovery go dey hard o

wassup mehn!

aktopgun:



wassup mehn!

Getting on a flight later today to be with family abi How'r things on the homefront?

@FO2
The other building material CCNN when go enjoy Air Larfarge windfall still dey rev dey go dey go.E don dey enter N21 plus now. Time don dey go.Na N19 plus e dey hang since oh.

Fof2, you have recommended this stock a number of times. It took a definite (or is it just a spike?) upward turn yesterday closing at N19.85 with almost the full 5% rise after days of descent. I've been watching for a good entry price. Make I jump enter today ? Everybody, abeg make una follow put mouth o!

RoughCut:

Getting on a flight later today to be with family abi How'r things on the homefront?

good for u. We are fine and standing strong my brother. abi u dey our side for here?

Billions:

Fof2, you have recommended this stock a number of times. It took a definite (or is it just a spike?) upward turn yesterday closing at N19.85 with almost the full 5% rise after days of descent. I've been watching for a good entry price. Make I jump enter today ? Everybody, abeg make una follow put mouth o!

I scream for house yesterday when i see the candle pattern dis CCNN do walahi. i no just dey liquid now. na me and fof2 for be co-pilots for this one true.

i think personally FOR ME, i would buy now. CAVEAT EMPTOR, cuz i've been wrong many a time in the past o!

aktopgun:

good for u. We are fine and standing strong my brother. abi u dey our side for here?

All is well. I dey UK this weekend but in the beautiful Essex countryside

RoughCut:

All is well. I dey UK this weekend but in the beautiful Essex countryside

beautiful isnt it? i have been down there before but its a 3 hour drive from me. enjoy. i hope say u are dressed warmly sha. na u dey enjoy as u dey go better climate today.

With all due respect, I think a new thread should be created for the Obama/Clinton, ManU Arsenal and other topics that are not stock related. That way, we can be focus as per what we expect to read on this particular thread.

Abu-Maryam:

@ pumping: wanajo, yodiyokun, franriri, fof2 et-ll
help your brother out, technically prestige and presco are knocking on my door but foundamentally i don't knw them. Please description needed.
Describing stock foundamentally is a begining of wisdom.
Thanks.

Don't know much about Prestige. Presco is a company that is being affected negatively by weather and unfavourable government policy. IBTC sits on the board because they underwrote the IPO which was unsuccessful. Not check the figures for a while. Profitability being dropping for a while but it appears that things have taken a different turn now. They are overdue for a bonus.

ok all of una obamabites, una don make bros wanajo talk now.

no more "go obama" but "go obama" . Make una cease and desist now now.

bros wanajo, i apologise on all their behalf .

hope u are well.

@ All,

This is a mail I received yesterday with regards to private placement. Kindly read and diarise for your attention.

Thanks.



Public Notice Circular from SEC

Dear Investor,

The Securities and Exchange Commission (SEC) has observed with great concern, the recent wave of private placements by some private companies.
These companies are offering their shares to raise money from unsuspecting members of the public.

The public is hereby notified that the securities of the wholly private companies are not registered with the Commission, as private companies are by law outside the regulatory purview of SEC.

However, any company that has membership in excess of 50 persons is by law a public company and therefore required to comply with the requirements of the Commission in terms of making offers to the public.

In doing so, Public Limited Companies (PLCs) not listed on the Nigerian Stock Exchange (NSE) and which do not plan to seek listing on the Stock Exchange must clearly state on the placement memorandum that the shares are not for listing on the Stock Exchange.

Members of the public who buy shares of private companies that are neither registered by the Commission nor listed on the Nigerian Stock Exchange (NSE) are therefore doing so at their own risk.

The SEC is committed to effectively regulate and develop the Nigerian Capital Market and make it investor friendly.


Management (SEC)
February, 2008

@ aktopgun, Pumping, Wanaj0, Yodi Yokun, Emmachile, BigBoylarry, Easimoni, Windy Wendy.

Big thumbs up for keeping the thread flying.

@ All,

Some more news on the Insurance Sector.




NAICOM Explains Position of 5 Insurance Firms



The National Insurance Commission (NAICOM) has clarified issues bordering on the five insurance companies which were neither published as part of the 49 insurance companies certified recently nor part of the seven companies for which take-over managers were appointed.



The five companies, according to the commission, include ACEN Insurance Plc[/color][color=#990000]., Fortune Assurance Company Ltd., BAICO Insurance Plc., Perpetual Assurance Company Ltd. and Postal Life and General Insurance Company Ltd.

According to a statement from the commission, ACEN Insurance Plc. is in a merger with Sovereign Trust Insurance Plc. while Fortune Assurance Company Ltd[/color][color=#990000]. had gone to court and filed an appeal on its recapitalisation status to the Federal Ministry of Finance.



It explained that BAICO/A&G (Life) also went to court and filed an appeal with the Federal Ministry of Finance, while Perpetual Assurance Company Ltd. is in a merger with Standard Alliance Insurance Plc.



Postal Life and General Insurance Company Ltd., NAICOM said, is also in a merger with IGI, explaining that the case of NICON Insurance Plc. and Nigeria Reinsurance Corporation was still in court.



The step taken by the commission to make public the position of the five companies, most of which still appear on the daily list of Nigerian Stock Exchange (NSE), according to an investor of one of the five companies, had allayed the fear of the various investors.

@ All,

This CCNN or is it CNN dey do me one kind for belle.


I know it was mentioned here but,

richieade:

Ahhhh abomination! We were getting ready for Inter Milan and as u can see it worked for us because we trashed them 2-0, but I am not so sure about the man u and ass.  Actual I don't mind the ass but manu no go make am, amen!!!

@richieade,
we cannever walk alone.

richieade:

Ahhhh abomination! We were getting ready for Inter Milan and as u can see it worked for us because we trashed them 2-0, but I am not so sure about the man u and ass.  Actual I don't mind the ass but manu no go make am, amen!!!

@richieade,
we cannever walk alone.

aktopgun:
@ fof2, on eternaoil
near future being within the next week, of course. if i may say so, the fact that its been dropping and then did an inverted hammer yesterday suggests an attempted rally that failed yesterday but none the less it also suggests a resurgence of interest in the stock and i suspect it will at worst stabilise today or even rise. BUT i have been wrong before    

The post when u send before this one and this bold print dey make me detect SHAKY CONFIDENCE when u get for candle.
The tin with candle when i go advice you not to trust too much in am is this " IT ONLY TELLS YOU AFTER THE DAYS FACT".
You need stronger tools to help you know earlier in other to position for any stock.

Ioma:
Seems everyone is too busy checking their Portfolio to post.

NASCON; time to buy more?

Unilever; stay or get out? what are the long term prospects?

Change that to medium term,  BUT PROSPECTS ARE VERY GOOD. N5-N6 still dey inside.

pumping:
Volume no come dey for that stock unless Lagos State Government don start to dey do CICO    

Just had to laugh for this one. Julius Berger.

pumping:
You dey worry about IEI? No worry. Da one na sail boat. Na only breeze him dey wait for. If reconstruction no dey, he fit be N2.36? No way now.

In fact as I dey now, I dey check out the ticket for the boat ride as the ticket don become buy 1 get 2 free courtesy of the share reconstruction  

E don tey when i change my computer price for that one to N12. D breeze dey come surely.

I WAN STILL REPEAT CCNN.

Abu-Maryam:

@ pumping: wanajo, yodiyokun, franriri, fof2 et-ll
help your brother out, technically prestige and presco are knocking on my door but foundamentally i don't knw them. Please description needed.
Describing stock foundamentally is a begining of wisdom.
Thanks.

This na y e no good to leave this place for too long.
Abu i hope you get this information on time. I no sabi talk about bad weather and tori, make you call your broker for floor tell am make e buy PRESCO for you sharp sharp. A fine fall today go make you get am at lovely price and you dey safe zone for am. As per prestige, them no too get actions.You no say people no like wetin too high in price relative to e collegues.Where them wan run go?. This na people like NESTLE.But if you wan still wait for some plenty time, you fit enter PRESTIGE too.

Yar’Adua Denies Revoking Transcorp, NITEL Deal


President Umaru Yar’Adua explained on Thursday that he did not approve the revocation of the sale of Nigeria Telecommunications Limited (NITEL) and Mobile Telecommunications (Mtel) to Transcorp but a disengagement process agreed between the government and the firm. Information and Communications Minister, John Odey, had earlier announced the reversal, citing the dismal performance of Transcorp in its efforts to revive NITEL/Mtel. Yar’Adua also insisted that until there is stable power supply he would not approve any hike in electricity tariff, contrary to the views expressed on Wednesday by Minister of State for Energy (Power), Fatimah Ibrahim. A source in Aso Rock disclosed that Yar’Adua invited the two Ministers on Thursday to emphasise his position to them, and asked them to take immediate steps to correct the wrong signals their comments have sent to the public. The President is uncomfortable that the statements would be misconstrued to mean that his administration disrespects privatisation agreements while also becoming uncaring about Nigerians reeling under the pains of poor power supply. Ibrahim is expected to withdraw her statement, Odey is to meet with Transcorp management and thereafter clarify the matter at a joint press conference with the company’s Chairman, Ndi Okereke-Onyiuke.



DAILY INDEPENDENT

@ father of 2
i no savi talk of weather and tori!
Haba Baba, i de hear word mana welle welle. Sharp don finisham u knw my broker na me buy his N73. So my calls de intact.
@ Wanajo
thanks for the light.