Equator Exploration Share Discussion Threads

[wantmorethan24p] 22/10/2017 14:47

could eel be sold off to kosmos

[wantmorethan24p] 22/10/2017 14:24

is it all over now.
where is the slg.

[exile] 22/10/2017 09:57

"The aggrieved investors, who staged a protest in Ibadan, the Oyo State capital, last Tuesday, demanding the sack of the Managing Director of the company, Mr. Wale Tinubu, following what they called “the poor financial situation of Oando”, told The Point that the leaders of a few groups of shareholders collected gifts of $5,000 each after their flight and accommodation had been taken care of by the company, “to seal their lips.”"""

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geordieduke has been suggesting this for a long time.... and there you have it. Draw your own conclusions.

[2lb] 22/10/2017 09:34

So Oando are a thieving bunch of Nigerian fraudsters - who would have thought it............Get on to Kosmos and quick !

[smart solution] 22/10/2017 08:51

Any comment from the SLG on this Oando situation.

Thanks.

[astorcourt] 22/10/2017 08:23

Have we now seen the last of the EEL conference calls?

Surely Dimmock will now be trying to disassociate himself with this fraud.

[lagos40] 20/10/2017 22:34

Akintola Williams DeloitteAkintola Williams Deloitte is the oldest indigenous firm in Nigeria, established in 1952 by Mr. Akintola Williams, FCA, CFR, CBE, the doyen of the accountancy profession. Through astute management the firm has grown in size and scope of services to become the largest professional services firm in Nigeria.

[geordieduke2] 20/10/2017 22:17

Not using the African branch of KPMG then? Oh well I guess Deloitte can be just as bent, they are accountants after all, it's their job. Yeah, same here, the money has gone, never coming back and will forever blame myself for the greed and stupidity and how much it's cost my family. To help ease that, apart from be amused at the demented messages from wmt24p, is to read of the crashing down of these low-life into the cesspit they came from. Ok the Rand family and the low-life Dimmock will have dined on the con for years but it would still be good to see it come to an end and the shareholders won't have to suffer anymore. Once it's gone can wmt24p still brighten up the day with requests for £10/share.

[wantmorethan24p] 20/10/2017 19:21

RE LIST EEL PLEASE

[wantmorethan24p] 20/10/2017 19:03

what does mean for EEL.

[lagos40] 20/10/2017 18:48

The SEC have appointed Deloitte to do the forensic audit.

[topdoc] 20/10/2017 18:29

Any comment from Mr K would be welcome

[wantmorethan24p] 20/10/2017 16:57

so EEl will be sold off.

[wantmorethan24p] 20/10/2017 16:56

i think i know what the nuke option is.

oando received the $161m before they made the offer of 3p.

they had the funds well in advance.
insider trading.

[boris cobaka] 20/10/2017 16:21

If we did have nuke material on Oando could we join forces with the other guys and do a kinda class action?

[boris cobaka] 20/10/2017 16:19

Perhaps it's good we didn't receive shares in Oando...
Oando owns EEL stock - they're gonna fold and their assets sold off. Us too?
How much are we worth?

[geordieduke2] 19/10/2017 15:07

Might be the last chance for the minorities to have any leverage with their bog paper share certificates. It has been clearly stated by the powers that be in the SLG that the nuke will never be fired though. What is there to gain by not if we're going to lose either way? Is the SLG saying it trusts Oando and that they have faith that their trust and support will be rewarded one day? Does anyone know what the minorities not represented by the SLG prefer to happen? Although I suppose if it's the SLG that allegedly has the nuke and will never fire it then we'll just wait to see how it plays out and who ends up with the pleasure of killing us off. I hope it is the nuke and some dignity was found in the end.

[astorcourt] 19/10/2017 08:02

Now is the time to send the nuke

hit a man when he is down is the way to go here

[dh180] 18/10/2017 22:41

Did someone touch that nuclear button?

[whowants2bamilionare] 18/10/2017 21:52

Is the brown stuff about to hit the fan.........................................

hxxp://sec.gov.ng/notice-to-the-general-public-on-oando-plc/

Notice to the General Public on Oando Plc


18/10/2017


Share

The Securities & Exchange Commission received two petitions from Alhaji Dahiru Barau Mangal and Ansbury Incorporated. The Commission carried out a comprehensive review of the petitions and made the following findings amongst others;
•Breach of the provisions of the Investments & Securities Act 2007
•Breach of the SEC Code of Corporate Governance for Public Companies
•Suspected insider Dealing
•Related party transactions not conducted at arm’s length
•Discrepancies in the shareholding structure of Oando Plc. Etc.

The Commission’s primary role as apex regulator of the Nigerian Capital Market is to regulate the market and protect the investing public. The Commission notes that the above findings are weighty and therefore needs to be further investigated. After due consideration, the Commission believes that it is necessary to conduct a forensic audit into the affairs of Oando Plc. This is pursuant to the statutory duties of the Commission as provided in section 13(k), (n), (r) and (aa) of the ISA 2017.

To ensure the independence and transparency of the exercise, the Forensic Audit shall be conducted by a consortium of experts made up of auditors, lawyers, stockbrokers and Registrars.

To further ensure that the interest of all shareholders of Oando Plc are preserved during the course of the exercise, the Commission directed the Nigerian Stock Exchange to place the shares of Oando Plc on technical suspension.

However in view of the fact that it is not technologically feasible for the Exchange to effect a technical suspension except after 48 hours, the Commission directed as follows;
1.Effective for forty-eight (48) hours from today, 18 October 2017 to 20 October 2017, The Nigerian Stock Exchange should implement a full suspension in the trading of the shares of Oando Plc; and
2.Effective from 20 October 2017 and until further directive, The Exchange should implement a technical suspension in the shares of Oando Plc.



Signed Management

October 18th 2017