Who Else Wants To Make One Million Naira In the 1st Half Of 2007?

[oluwafisayo]

Hi,

Well that's one of my goals for 2007.

To make N1 million in the first half of the
year. I know there would be a price to
pay for it because without a price, there
is never a PRIZE.

I am however willing to put in the effort
because it is worth it. This year, one of
my goals was to meet and speak to not
less than 2000 Nigerians about the Internet
and its opportunities.

Yours trully, I have hit the mark and
exceeded it. I have set more goals for
2007.

On second thought, let me share 2 of them
now.

1. To reach 1million in the 1st half of the year.
2. To help at least 10 new Nigerians hit at
     least N500k in profit before the end of the
     2nd half of the year.

Hmm... there it is. Will you be one of them and
will I be able to achieve it? How will I do it?

I will keep you updated on this forum!

Enjoy!


===
Oluwafisayo,
http://cyberbreakthroughs.com
http://articlejoint.com
http://hostplusng.com

[Oyeleke Toye]

Nice one Fisayo. Mine is $10,000 by the first week of February 2007. Rather tall?? I'm working tirelessly towards it. The best part of my plan is that by the time I'm hitting that target, I would have helped others make not less than $20,000 collectively.

[Olajide Lateef]

You guys have noble goals there. I love it. It's inspiring!
Hope we will be able to have best wine to celebrate your success.

I guess you may want to ask about mine too?

Anyway I will be making that public for the first time.

I desire $.5m by or before december 31st 2007.

Unfornately don't create goal for others. But will be more open in sharing with others both in cash and in kind.

Olajide Lateef

[realmike]

Nice one Fisayo. Mine is $10,000 by the first week of February 2007. Rather tall?? I'm working tirelessly towards it. The best part of my plan is that by the time I'm hitting that target, I would have helped others make not less than $20,000 collectively.

Hello Toye,
How did it go? we are in April now, were u able to meet ur target, come close to it or even exceeded it?
I wish you all the best while i also commend you for the good works, especially when you revealed the GSM recharge card reprint stuff in this forum.
Well done ooo!!

[Oyeleke Toye]

@ Mike,
At the time I made that post, let me confess that it was a dream
that I wasn't sure would come to pass.

Ok. I hadn't made $10,000 by the first week of Februray but as
I post now, my net profits from my Internet businesses and my
foray into real estate has exceeded $10,000 for this year.

So I have since set new targets for the remaining part of the
year. N10million (or more) net profits by the end of the year.

So Mike you conveniently forgot to tell us about your own
internet income goal for the year. I'm waiting for it.

[realmike]

Congrats man! i must confess no specific figures due to certain discisions i'm about to make in my business career, you know its really not wise to make certain discisions hastefully. Its a major destiny dicision and so have to be made with care.
However, i'll get things straight soon..

[omrex]

Please can any of you help me out on ways that i can also make money on the internet. Please i need to know.
Hope to get a reply soon.

[mike4real]

Nice fisayo,
It is nice having a great ambition. For i also intent making #2,0000 this yr but i'm still expecting to meet my target.
pls if you have any advise to achive my aim do give me .
Regards
lawal.
http://causesofonlinebusinessfailure.blogspot.com
http://mike-adsensedecodedreview.blogspot.com

[moses]

Hello, Fisayo that is a nice goal and i like people that are determined like you.
Have you heard about MeagawealthTeam, if no kindly log on to www.megawealthteam.net.
It is a moneymaking programme but am scared the way people are trooping to register,well check it out.reply soonest

[hephzybah]

GLOBAL DEPOSITORY RECEIPTS IS THE SOLUTION

                                    What Are Depositary Receipts?

A depositary receipt (DR) is a type of negotiable (transferable) financial security that is traded on a local stock exchange but represents a security, usually in the form of equity, which is issued by a foreign publicly-listed company. The DR, which is a physical certificate, allows investors to hold shares in equity of other countries. One of the most common types of DRs is the American depositary receipt (ADR), which has been offering companies, investors and traders global investment opportunities since the 1920s.

Since then, DRs have spread to other parts of the globe in the form of global depositary receipts (GDRs) (the other most common type of DR), European DRs and International DRs. ADRs are typically traded on a U.S. national stock exchange, such as the New York Stock Exchange (NYSE) or the American Stock Exchange, while GDRs are commonly listed on European stock exchanges such as the London Stock Exchange. Both ADRs and GDRs are usually denominated in U.S. dollars, but can also be denominated in euros.

                                    How Does the DR Work?
The DR is created when a foreign company wishes to list its already publicly-traded shares or debt securities on a foreign stock exchange. Before it can be listed to a particular stock exchange, the company in question will first have to meet certain requirements put forth by the exchange. Initial public offerings, however, can also issue a DR. DRs can be traded publicly or over-the-counter. Let us look at an example of how an ADR is created and traded:

                                                Example
Say a gas company in Russia has fulfilled the requirements for DR listing and now wants to list its publicly-traded shares on the NYSE in the form of an ADR. Before the gas company's shares are traded freely on the exchange, a U.S. broker, through an international office or a local brokerage house in Russia , would purchase the domestic shares from the Russian market and then have them delivered to the local (Russian) custodian bank of the depository bank. The depository bank is the American institution that issues the ADRs in America . In this example, the depository bank is the Bank of New York. Once the Bank of New York's local custodian bank in Russia receives the shares, this custodian bank verifies the delivery of the shares by informing the Bank of New York that the shares can now be issued in the United States . The Bank of New York then delivers the ADRs to the broker who initially purchased them.

Based on a determined ADR ratio, each ADR may be issued as representing one or more of the Russian local shares, and the price of each ADR would be issued in U.S. dollars converted from the equivalent Russian price of the shares being held by the depository bank. The ADRs now represent the local Russian shares held by the depository, and can now be freely traded equity on the NYSE.

After the process whereby the new ADR of the Russian gas company is issued, the ADR can be traded freely among investors and transferred from the buyer to the seller on the NYSE, through a procedure known as intra-market trading. All ADR transactions of the Russian gas company will now take place in U.S. dollars and are settled like any other U.S. transaction on the NYSE. The ADR investor holds privileges like those granted to shareholders of ordinary shares, such as voting rights and cash dividends. The rights of the ADR holder are stated on the ADR certificate.

                                          Pricing and Cross-Trading:

When any DR is traded, the broker will aim to find the best price of the share in question. He or she will therefore compare the U.S. dollar price of the ADR with the U.S. dollar equivalent price of the local share on the domestic market. If the ADR of the Russian gas company is trading at US$12 per share and the share trading on the Russian market is trading at $11 per share (converted from roubles to dollars), a broker would aim to buy more local shares from Russia and issue ADRs on the U.S. market. This action then causes the local Russian price and the price of the ADR to reach parity. The continual buying and selling in both markets, however, usually keeps the prices of the ADR and the security on the home market in close range of one another. Because of this minimal price differential, most ADRs are traded by means of intra-market trading.

A U.S. broker may also sell ADRs back into the local Russian market. This is known as cross-border trading. When this happens, an amount of ADRs is canceled by the depository and the local shares are released from the custodian bank and delivered back to the Russian broker who bought them. The Russian broker pays for them in roubles, which are converted into dollars by the U.S. broker.

                           The Benefits of Depositary Receipts
The DR functions as a means to increase global trade, which in turn can help increase not only volumes on local and foreign markets but also the exchange of information, technology, regulatory procedures as well as market transparency. Thus, instead of being faced with impediments to foreign investment, as is often the case in many emerging markets, the DR investor and company can both benefit from investment abroad. Let's take a closer a look at the benefits:

                                                For the Company
A company may opt to issue a DR to obtain greater exposure and raise capital in the world market. Issuing DRs has the added benefit of increasing the share's liquidity while boosting the company's prestige on its local market ("the company is traded internationally"). Depositary receipts encourage an international shareholder base, and provide expatriates living abroad with an easier opportunity to invest in their home countries. Moreover, in many countries, especially those with emerging markets, obstacles often prevent foreign investors from entering the local market. By issuing a DR, a company can still encourage investment from abroad without having to worry about barriers to entry that a foreign investor might face.

                                            For the Investor
Buying into a DR immediately turns an investors' portfolio into a global one. Investors gain the benefits of diversification, while trading in their own market under familiar settlement and clearance conditions. More importantly, DR investors will be able to reap the benefits of these usually higher-risk, higher-return equities, without having to endure the added risks of going directly into foreign markets, which may pose lack of transparency or instability resulting from changing regulatory procedures. It is important to remember that an investor will still bear some foreign-exchange risk, stemming from uncertainties in emerging economies and societies. On the other hand, the investor can also benefit from competitive rates the U.S. dollar and euro have to most foreign currencies.

                                                  Conclusion
Giving you the opportunity to add the benefits of foreign investment while bypassing the unnecessary risks of investing outside your own borders, you may want to consider adding these securities to your portfolio. As with any security, however, investing in ADRs requires an understanding of why they are used, and how they are issued and traded.

[hephzybah]

My people, the GDR of the GTBank is the rave of the moment which earns you a lifetime wealth. 1 GDR unit is to $12.75, and the minimum you can buy is 50 units. But you will need a domicilliary account for the payment of your dividends and bonuses.
Please why wait, log on to www.gtbplc.com
GOOD LUCK

[Oyeleke Toye]

Sir are you aware the GTBank GDR closed last Thursday??
By the way did you buy any?? Just curious.