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#2581 Bushmanbob

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Posted 14 September 2021 - 08:40 AM

the principle of willing buyer willing seller should still apply. Or does that not matter anymore when you loose ure ass then cry foul

And, according to the interview the TT boys have forgiven Jooste!!  Really? WTF!!  This reveals so much about them. Here they are, trying to liquidate an entity yet they have forgiven the architect of this alleged fraud!!!! 

SNH is an entity not a person and as such, like any company, is incapable of committing fraud - it is the people (ie management - the human factor) who cause the fraud or irregularity.  A company in and of itself, without humans, is incapable of committing fraud.  
They should ask themselves, if Jooste had not been at SNH - would this alleged fraud have taken place?  Absolutely not.

It's like forgiving the robber who stole all your money but then suing Avis because their rental car was used in the robbery. 

 

SNH was merely the device Jooste used to pull this all off.  These TT yo-yo's need to stop peddling this tiresome "victim" song about how ruthlessly they were fleeced by SNH - Absolute drivel and the thankfully, some people in the media are starting to pull this TT fairytale story apart.  As long as these guys and Jooste can sing kumbaya around a campfire, staring lovingly into each others eyes, the rest of the claimants, employees and anyone else affected by a liquidation - can go and get stuffed - really?

My only concern is that I have little faith in any state controlled entities and as we know, the judiciary in this country is a joke - making the outcome of this case a lot less predictable than it should be.  Over-zealous egotistical judges desperate to make a name for themselves in such a high profile action.  


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#2582 Tiekkie

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Posted 14 September 2021 - 08:13 AM

TT timeline.

TT sell 42.5% to Actis - they get rich, and buy horses and Oubaai property - which is currently one of the hide-outs for MJ - ironically.
Chommies sell business to SNH for ridiculous value - I can see the conversation. MJ, "do not worry boys, the banks are paying. When they do, you can buy my Horse"
Get top jobs in Pepkor - and trust me, none of the Pepkor elite is what I define as "struggling"
SNH fall
Braam says MJ is still a great guy
They resign, and say the Pepkor people are sh!ts
"We will do it again" - Start Mr Tekkie
Now this.

These guys are something else.

Biggest problem, the very same analysts that could not see SNH coming, now go out and say "spare a thought for the TT guys" "shame, poor TT guys" And these TT tools play on that "poor us" sentiment.

Then, Piet Viljoen arrive and tell them what they are.
Even Bruce's song changed in that interview

the principle of willing buyer willing seller should still apply. Or does that not matter anymore when you loose ure ass then cry foul
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#2583 Bubble

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Posted 14 September 2021 - 08:00 AM

they didn't take cash because the price that they got shares at was way over valuing TT. Greed got them here

TT timeline.

 

TT sell 42.5% to Actis - they get rich, and buy horses and Oubaai property - which is currently one of the hide-outs for MJ - ironically. 

Chommies sell business to SNH for ridiculous value - I can see the conversation. MJ, "do not worry boys, the banks are paying. When they do, you can buy my Horse"

Get top jobs in Pepkor - and trust me, none of the Pepkor elite is what I define as "struggling"

SNH fall

Braam says MJ is still a great guy

They resign, and say the Pepkor people are sh!ts

"We will do it again" - Start Mr Tekkie

Now this.

 

These guys are something else.

 

Biggest problem, the very same analysts that could not see SNH coming, now go out and say "spare a thought for the TT guys" "shame, poor TT guys" And these TT tools play on that "poor us" sentiment.

 

Then, Piet Viljoen arrive and tell them what they are.

Even Bruce's song changed in that interview


Edited by Bubble, 14 September 2021 - 08:05 AM.

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#2584 Peanut_Butter

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Posted 14 September 2021 - 07:58 AM

Latest Sens: SNHE SHFFH Results of the placing of shares in Pepkor Holdings Limited http://bit.ly/2YJgswz

Edited by Peanut_Butter, 14 September 2021 - 07:58 AM.

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#2585 Tiekkie

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Posted 14 September 2021 - 07:56 AM

Do you think this sale of Pep shares good or bad for SNH share price?I think with TT starting today shares could dip again today..lets see

it can't be good. But I think because this is all well documented that it is backed into the current share price already
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#2586 Midas1

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Posted 14 September 2021 - 07:52 AM

Do you think this sale of Pep shares good or bad for SNH share price?I think with TT starting today shares could dip again today..lets see

 


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#2587 Squideye

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Posted 14 September 2021 - 07:45 AM

https://www.sharenet...00&seq=8&scode=


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#2588 Squideye

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Posted 14 September 2021 - 07:38 AM

B) ...

Attached Files


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#2589 Bubble

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Posted 14 September 2021 - 07:27 AM

they didn't take cash because the price that they got shares at was way over valuing TT. Greed got them here

 

They must keep their Tekkies on, if they succeed with this, they might need them. 


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#2590 Tiekkie

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Posted 14 September 2021 - 06:49 AM

Interesting interview which creates a perception that TT case is emotional before being rational
Interesting also to hear how defensive they become when friendship between them and MJ is mentioned
Actually they should file for Deloitte liquidation as well as they have not seen the fraud coming!!!!
Being serious and avoiding self reassurance, does not seem to me that TT case is holding water since the start of their claim
Let’s see

they didn't take cash because the price that they got shares at was way over valuing TT. Greed got them here
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#2591 Batra

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Posted 14 September 2021 - 06:39 AM

Interesting interview which creates a perception that TT case is emotional before being rational
Interesting also to hear how defensive they become when friendship between them and MJ is mentioned
Actually they should file for Deloitte liquidation as well as they have not seen the fraud coming!!!!
Being serious and avoiding self reassurance, does not seem to me that TT case is holding water since the start of their claim
Let’s see
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#2592 Squideye

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Posted 14 September 2021 - 04:08 AM


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#2593 Tiekkie

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Posted 13 September 2021 - 07:08 PM

Steinhoff to sell 10% of Pepkor to help fund settlement offer https://www.news24.c...-offer-20210913
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#2594 Squideye

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Posted 13 September 2021 - 06:12 PM

B) ...

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#2595 Tiekkie

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Posted 13 September 2021 - 05:44 PM

Steinhoff CEO asks court to back R25-billion settlement as it seeks to postpone liquidation bid https://www.news24.c...on-bid-20210913
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#2596 Tiekkie

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Posted 13 September 2021 - 05:39 PM

Launch of placing of up to 370 million shares in Pepkor Holdings Limited @ https://www.sharenet...0&seq=48&scode=

another step closer to finalizing the GS
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#2597 Squideye

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Posted 13 September 2021 - 05:24 PM

Free Float @ https://www.sharenet...0&seq=52&scode=


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#2598 Midas1

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Posted 13 September 2021 - 05:22 PM

Lets see but Im expecting a further dip tommorrow as the TT case is unsettling buyers..but SNH is very unpredictable, maybe buyers will like the last sens and think everything is smooth sailing..

 


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#2599 Batra

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Posted 13 September 2021 - 05:04 PM

Don't think they understand whats is happening and for me looks like the judge made a mistake best get the SCA sort this out and get TT to pay for it.


Agreed
Even if painful because of time of uncertainty, SCA might have a far much better view on the merit of the (non) liquidation proceedings.
What is needed, assuming the absence of a settlement out of court with TT, is a proper ruling which is going to detail as to why liquidation is not an option.
Seems to me that only SCA has the expertise / ability to issue such a ruling
It will close the matter once for all, much needed.
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#2600 Squideye

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Posted 13 September 2021 - 05:02 PM

Launch of placing of up to 370 million shares in Pepkor Holdings Limited @ https://www.sharenet...0&seq=48&scode=


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