MTN BEE Proposal - Simon, yr opinion please

[Mr_S]

Anyone care to comment on MTN's latest BEE proposal? doesnt make sense to me...Shares will be offered at R107.46 then it says investors can subscribe at R20 a share. Simon, care to explain this please?

[Levitt]

No questions allowed. You know how it works. R20 a share, 100 minimum, 3 year lockdown, then you are allowed to sell. 500% gain at least. Not allowed if you are considered to be "privileged". Some are more equal than others.

[Mr_S]

haha that cant be right....give me R100 000 and ill give u 250% after 3 years!

[SimonPB]

as I understand it you are buying into a second company @R20 and that company buys the MTN shares .. Don't think the ratio between the two is 1:1 ..

[Mr_S]

Why doesnt that sound very juicy anymore?? hmmm

[suki]

its not juicy at all. to me its structured like the Phuthumanathe and Welkom/Yizani deal.