No need to tell the world Kevin. We have to remove them ourselves. Quick!!
mr browne, you are obviously trying to protect someone involved in this mess. my hunch is it is someone on the managerial team who most people know that she has pnm links. be that as it may, you are very wrong in your assessment of this situation. just one of the matters you paid no mind to is the late submission by the bank concerning the sale of shares by rahaman. this is a serious violation of the stock exchange rules. given the surrounding circumstances, this "inadvertence" has sprung many theories of indiscretion. as usual me browne, you are suave but very inaccurate.
You really cannot be serious. Mr Browne, for what ever reason, maybe to protect his pnm friends in the management of fcb, has done a great disservice to readers. The management team, or more to the point, the deputy ceo made a major blunder by not informing the ttse of the trade which is a major violation of the ttse rules for which she has already admitted by "inadvertence". The board by not keeping a proper account of the bank's business must be fired.
one more thing: how can the finance minister, a former ceo of fcb, be allowed to be judge, jury and executioner when he must surely be closely connected to those still there and may have had a role in this fiasco??
The blame for keeping this vile government in place lies at the feet of the COP because they had the power to break this teifing government's back by pulling out the pardnership! Prakash is merely an agent of the unc. As for Dooks saying they are still viable, looks like he and kamla drinking out of the same bottle!
The "launch of the IPO" means that there was an application process where investors applied for shares in the IPO at the IPO price. These are the investors being referred to here. These are the 13,000 investors. Ordinarily, there would be investors who held shares for some time before the company went public but not in this case. Every investor acquiring shares would be getting the shares @$22 except employees who got in at a 10% discount. So to suggest there would be significant selling on opening is not accurate.
I think you are misunderstanding the issue here. What I think you are referring to is the situation where there were previous individual shareholders pre-IPO who would have bought shares at a much lower price. Eventually when the shares go public, these early investors would sell some, if not all, of the shares they held before the company went public thus making a tidy profit. However, with regard to this IPO, this is a divestiture of a government-owned entity, thus no early individual investors exist and thus no sellers when the company goes public. Based on what happened in this IPO, the price is expected to rise immediately given the lack of the aforementioned early investors and the deeply discounted IPO price compared to fair value.
These comments disturb me very much. Instead of launching an investigation into the former minister (including the votes for cash fiasco) this man praising jack as a good leader. boy, our dogs dead, sorry corbeaux, in this country.
Before you post a blog you MUST check the facts. The government ie taxpayers like you (I am guessing here) and me, sponsored the prize money boy!
aye. smarty pants, do you know what date in 2004 he came back???
Must go now!!! We cyah wait 2 more years!!
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