Nagbe Financial Times
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Important Development
Attempts are currently underway to locate private investors who will provide the funds for the construction and operation of the first two major corporations, which stocks will be traded at the Monrovia Stock Exchange Market: The Electricity Corporation and The General Steel Corporation.
As we wait to hear from them and when these investors have agreed to carry out the agreements that will be worked out for the eventual construction and operation of these two corporations, we will be inviting in November 2012 all of Liberia's over 20,000 Civil Service Employees and employees of private businesses and other interested citizens and friends in Liberia to become stockholders of the Electricity Corporation and General Steel Corporation. The total shares of stocks that will be made available is expected to be around 10 million shares for each corporation at a cost of $2US per share. Meanwhile, a third party will be invited to serve as the clearing house for all funds that will be transferred from one party to the other at this very delicate stage preferably the Bank of America or the Royal Bank of Canada. In other words, all funds will be held at either one of these banks or a more preferable bank agreed upon by you the investors until the creditors/investors have fulfilled their agreement of making available these two major corporations.
Immediately following the successful completion of the above interaction and transactions, stock trading could be carried out. In other words, if you were issued a deposit slip at the bank, which can be considered at this stage a stock certificate, after you made your deposit, you are at liberty to keep that certificate and wait to receive your dividend when these corporations declare their quarterly financial report; in that you are a owner of that corporation relative to the amount of stocks you own. You can also decide to sell that certificate for a higher price, thereby transferring your ownership to another person. I am sure many bystanders who were skeptical about this entire undertaking would be glad to buy your shares of stocks in these corporations, which will no doubt be the vanguard behind the future of Liberia's economic development and prosperity.
The General Steel Corporation will be fully aware of the competition out there as far as steel production is concerned. It intends to focus it marketing strategies on the African markets; that is, agricultural tools for African markets, steel rods, prefabricated buildings for the African markets, while gradually improving its production techniques, skills, and the like to evenhandedly face the challenges ahead as far as protectionism, etc., are involved.
The process has just begun. So keep in touch. We have the raw materials, the brains and the wisdom. And I am sure some will here begrudge me for unwaveringly revealing the source of our strength in pursuing this objective: JESUS, OUR LORD AND GOD. If others can, YES WE CAN!
August 11, 2009
J. Nagbe Nagbe