The irony of it all is that this same Oando will make some (jijo) people rich.
Especially those with insider info.

Chibuking81:
Loco has finally broke the Oando windscreen for our members to escape.

Michael11stock:
Me and Ndidi dear and Mcy looking at Oando magic and loco already get low cuts

my darling inode look o
But na my eyes lde take de listen to the talk abt una oando.

Mcy56:

Na stcool dey talk like this!

na wetin I think for here too

Mcy56:

Lol @ the meme.

observing mood transcorp no want give us something

ndidigood:
my darling inode look o
But na my eyes lde take de listen to the talk abt una oando.

robobo:


my take two one and half year ago when this war first broke out

the first bold i still stand is the spoil of war, yes wale has divested (and to a large extent sales to himself and cronies) most of other subsidiaries to supposedly pay for debt incurred on COP, but the interest in the upstream asset bought is still intact and cash generating, so whatever the forces fighting wale now (i cant decipher the force yet) is saying is that having tae other part of the old Oando for himself he shld leave the upstream asset for them as other stakeholder

the second bold i also maintain wld determine wether wale wld move from the realm of boys to men in the macheviallian/ macbeth nature of corporate Nigeria

the third i sense is what is about to happen and is so the proper case study to guide wld be the Ibru family / Ikeja Hotel saga

n.b as stated 1.5 years ago im vested here though the full cost had be written off from my balance sheet against profit brought abt by the lesson i picked from following the COP deals

The war as dimensioned 1.5 years ago is three sided (wale / mangal/ volpi) with each of d side vested in establishment (Wale by his uncale BAT/ Mangal by Katsina establishment/ Volpi by Atiku)

All other parties are fringe

The war that broke out three years ago was an all for all fight (u know that kindly of wrestlemania where about ten fighters are caged and the winner is the last man standing

it was resolved by bringing two block togeda (wale and mangal brokered by emir of kano) against the Volpi /Atiku side, however this was not until two major collateral damage ( Adeosun/ Gwarzo)

The current war im not able to say with clarity who is where except that wale vs volpi angle had been raging on since that last war (1.5 years ago)

so the war is either wale & mangal vs volpi (in which case wale and mangal wld eventual come out winners) or

it is wale vs mangal&volpi (in which case no matter what wale wld eventually lose out, though i sincerely doubt this format because of previous truce brokered that brough wale & mangal togeda)

the 3rd side is as it broke out previously i.e. an all out war from all side (in which case i think mangal has an upper hand via katsina/ gwarzo angle and also the fact that he has became an insider for some time now and hence wld have more access to damaging information agaist wale)

my final take is that i think the current war against wale is being initiated by mangal (via gwarzo) because wale is in a weakened position from his protracted fight with volpi that has sucked out a lot of energy from him

Michael11stock:
observing mood transcorp no want give us something

Something tells me these guys too may be planning something. When it will happen? No one can say.
Think I need to enrol for this oracle job too. Lancee hope apprehentiship vacancy still dey?

robobo:



The war as dimensioned 1.5 years ago is three sided (wale / mangal/ volpi) with each of d side vested in establishment (Wale by his uncale BAT/ Mangal by Katsina establishment/ Volpi by Atiku)

All other parties are fringe

The war that broke out three years ago was an all for all fight (u know that kindly of wrestlemania where about ten fighters are caged and the winner is the last man standing

it was resolved by bringing two block togeda (wale and mangal brokered by emir of kano) against the Volpi /Atiku side, however this was not until two major collateral damage ( Adeosun/ Gwarzo)

The current war im not able to say with clarity who is where except that wale vs volpi angle had been raging on since that last war (1.5 years ago)

so the war is either wale & mangal vs volpi (in which case wale and mangal wld eventual come out winners) or

it is wale vs mangal&volpi (in which case no matter what wale wld eventually lose out, though i sincerely doubt this format because of previous truce brokered that brough wale & mangal togeda)

the 3rd side is as it broke out previously i.e. an all out war from all side (in which case i think mangal has an upper hand via katsina/ gwarzo angle and also the fact that he has became an insider for some time now and hence wld have more access to damaging information agaist wale)

my final take is that i think the current war against wale is being initiated by mangal (via gwarzo) because wale is in a weakened position from his protracted fight with volpi that has sucked out a lot of energy from him

wale wld eventually get an injunction against the interim management because the SEC require a court order to do same which i doubt was done (because the news broke on Friday after close of business and teh interim management was consituted by sunday)

if u see a spike in volume (as recent clearing of offer on 3.80 shows) then know that an injunction had been gotten but i beg all brother and sister here NOBODY shld shook head for this one because the complexity is too much and it wld only take an insider insider to play the game

Mcy56:

Na stcool dey talk like this!

No be me and Oando! The movie is too much and they will not see my penny above N1.00, if it goes up let them enjoy. I don't envy the shareholders.

robobo:
wale wld eventually get an injunction against the interim management because the SEC require a court order to do same which i doubt was done (because the news broke on Friday after close of business and teh interim management was consituted by sunday)

if u see a spike in volume (as recent clearing of offer on 3.80 shows) then know that an injunction had been gotten but i beg all brother and sister here NOBODY shld shook head for this one because the complexity is too much and it wld only take an insider insider to play the game

The way SEC is going about this is going to indict them. Why the rush? Why weekend biz? They seems to have an agenda and the O & O guys are smart too.
SEC will continue to play into their hands if care is not taken.

Mcy56:

The way SEC is going about this is going to indict them. Why the rush? Why weekend biz? They seems to have an agenda and the O & O guys are smart too.

A stock that will go to N100 from N5 must pass through N10, N15, N20, N25, N30, ......N100.
This is my take.
I can't take panadol for Wale's headache!

Oando offer show up again see gang members these guys are good

DeRuggedProf:


A stock that will go to N100 from N5 must pass through N10, N15, N20, N25, N30, ......N100.
This is my take.
I can't take panadol for Wale's headache!

My prof that is why i begged the other time that you shldnt go on AWOL again ooooo

it cldnt have been better captured

Mcy56:

Something tells me these guys too may be planning something. When it will happen? No one can say.
Think I need to enrol for this oracle job too. Lancee hope apprehentiship vacancy still dey?

Space still dey o Mcy

lancee:
Space still dey o Mcy

Lol. Okay help me ask our oga, oga Oracle when and if I can start on credit, na when I sell my Sunu I go see money pay.

Chai you follow Sunu go too?

Mcy56:

Lol. Okay help me ask our oga, oga Oracle when and if I can start on credit, na when I sell my Sunu I go see money pay.

Mcy56:

Lol. Okay help me ask our oga, oga Oracle when and if I can start on credit, na when I sell my Sunu I go see money pay.

....and so Oando ends on full offer at 3.80.
There's public holiday on Tuesday 4th & Wednesday 5th for Id El Fitr celebration.
Watch out for Episode 2---------draws curtain.

Michael11stock:
Chai you follow Sunu go too?

Lol.

https://www.thebreakingtimes.com/sec-oando-saga-see-letter-from-sec-more-sanctioned-directors-told-to-resign-pay-millions-in-fines/

If care is not taking, technical suspension will be place on Oando stock soon, if those appointed to oversee the affair of Oando find it difficult to resume.

Any news FCMB huge volume?

People are still watching, and market is also watching the outcome of Oando case. If those appointed succeeded in conducting election, and choose new CEO and board members, NSE will not feel the heat, but if the reverse be the case by way of Court successfully coming in, and SEC placing suspension on Oando trading. Those ten banks that has business to do with Oando will received some sign of push.

Hope our people used today's opportunity to bailout? Anyone that still balance in their motor will not received my sympathy, because he/she cause his/her problem. Even if Oando will still go up later, it will visit #3 and below, unless they are place on technical suspension this week on their current price, by the SEC.

i am looking at #2.50 before taking risk

Chibuking81:
People are still watching, and market is also watching the outcome of Oando case. If those appointed succeeded in conducting election, and choose new CEO and board members, NSE will not feel the heat, but if the reverse be the case by way of Court successfully coming in, and SEC placing suspension on Oando trading. Those ten banks that has business to do with Oando will received some sign of push.

Hope our people used today's opportunity to bailout? Anyone that still balance in their motor will not received my sympathy, because he/she cause his/her problem. Even if Oando will still go up later, it will visit #3 and below, unless they are place on technical suspension this week on their current price, by the SEC.

Mcy56:

The way SEC is going about this is going to indict them. Why the rush? Why weekend biz? They seems to have an agenda and the O & O guys are smart too.
SEC will continue to play into their hands if care is not taken.

Dem talk say if you wake up for morning and fowl begin pursue you, make you run first and ask questions later because the fowl fit don grow teeth overnight.

This same SEC that did nothing even with obvious infractions in DB/Access merger? Maybe somebody is beating the drum for them behind the scene. We watch on.

https://punchng.com/oando-court-restrains-sec-from-removing-tinubu-boyo/


The Federal High Court has restrained the Securities and Exchange Commission from removing Messrs Wale Tinibu and Omamofe Boyo as Oando Plc’s Group Chief Executive Officer and Deputy Group Chief Executive Officer, respectively.

Justice Mojisola Olatoregun sitting in Lagos granted an interim injunction following an application by the embattled GCEO and DGCEO.

The Oando chiefs had applied for enforcement of their fundamental rights.

A copy of the order was obtained by the news agency of Nigeria.

The court also restrained SEC, its servants or agents from taking any step concerning the commission’s letter dated May 31 in which it barred Tinubu and Boyo from being directors of a public company for five years.

It also restrained the commission from imposing a fine of N91.13 million on Tinubu.

It also ordered that SEC should restrain from all actions on the said letter pending hearing and determination of the applicants’ motion for an interlocutory injunction.

The court also restrained Mr Mutiu Sunmonu from acting as the Head of Oando’s interim management team pending the hearing and determination of the motion.

It also urged the parties to maintain the status quo ante pending the determination of the motion.

The court adjourned the case until June 14.

robobo:


wale wld eventually get an injunction against the interim management because the SEC require a court order to do same which i doubt was done (because the news broke on Friday after close of business and teh interim management was consituted by sunday)

if u see a spike in volume (as recent clearing of offer on 3.80 shows) then know that an injunction had been gotten but i beg all brother and sister here NOBODY shld shook head for this one because the complexity is too much and it wld only take an insider insider to play the game

injunction granted this afternoon as envisaged

close of Act 3 scene 1

we move to Act 3 scene 2 after resumption from sallah by then we wld have known who is after wale this time, then can properly dimension / project how it would pan out

OakPearl:
The irony of it all is that this same Oando will make some (jijo) people rich.
Especially those with insider info.

You are absolutely correct. Reading through the comments today and December 2018 (on Diamond Bank) etc. it all sounds similar and familiar but lots of people still made money from those stocks.

I can bet many people here baying for Wale Tinubu's blood have quietly taken positions on the stock.

Godlylifeoneart:
https://punchng.com/oando-court-restrains-sec-from-removing-tinubu-boyo/

This would set the final stage for Oando to hit N.80k
Episode 2...Scene1

Those that want to take position...it will be available after the holidays so you can load as you want to mega profit.

Who is going to bail Oando out? Seplat, Shell, Mobil or

CashDiMkpa:


You are absolutely correct. Reading through the comments today and December 2018 (on Diamond Bank) etc. it all sounds similar and familiar but lots of people still made money from those stocks.

I can bet many people here baying for Wale Tinubu's blood have quietly taken positions on the stock.

Is it that the shareholders cannot do the needful on this company ni?

stcool:


This would set the final stage for Oando to hit N.80k
Episode 2...Scene1

rebekah2011:
Is it that the shareholders cannot do the needful on this company ni?

The court proceedings is just a way to buy time, that is if they even obey the court...SEC can go and buy their own court order. Is it not Nigeria?

But eventually Wale would go!