Friday 7 December 2007

Penny Stocking your way to Financial Freedom (2)

Hi there,

It’s been a while. I’ve been so neck-deep in work at the office and have not been able to update you as I should. Without wasting any more of your time, let me ask: Did you buy the shares of Japaul Oil from the secondary market as advised? If you didn’t, did you buy the public offer? I hope you didn’t miss that great opportunity?

Yes, Japaul was on public offer, and it has just been recently concluded. Remember I told you they were on technical suspension at N6.02, because they were coming out? Well, they came out and sold at N3.50 rights issue (for present shareholders) and N3.95 for non-shareholders. Hmm! Believe it or not Japaul is a one-man company, owned by