We, the people, deserve the same opportunities given to Sheiks! On Cigroup (C) we want the same deal offered to them!

No, I don’t have $7.5Billions, but I still want to get $2000 of equity units that pay an 11 percent annual yield until they are converted into Citigroup common shares at a price of up to $37.24 a share between March 15, 2010, and Sept. 15, 2011.

I’d love to get 11% yield for four years! Also I am pretty sure that stockprice for Citicorp will be well above $37.25 in four years: it is less than a yearly 5% growth for four years. Most stocks have much more than such a lousy performance.

I am a stockowner of Citigroup since years. Why don’t I get the same opportunity given to Abu Dhabi government?

Not only those dumb Citigroup managers trew away my stock-owner’s money on stupid sub-prime speculations. Now they are giving 11% yield and diluting my stocks 6.5% to those Sheiks, without giving us shareholders the same opportunity.

This is crazy and unfair!

We, the people, deserve the same opportunities given to Sheiks! Yea we don’t have $7.5 B, but together, if we want, we can put up some nice amounts too.

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3 responses to “We, the people, deserve the same opportunities given to Sheiks! On Cigroup (C) we want the same deal offered to them!”

retirein

November 27, 2007

Actually, if Citigroup continues to pay yearly dividends, you can buy shares on the market today and get better conditions than the Sheiks:

1) You pay $30.61, saving more than 20% compared what they’ll pay in 4 years ($37.24).
2) You get 6.8% a year in dividends. If you add it to the 5% (which is the discount of current price compared to Sheik price divided by four years), you get 11.8% gain. Poor sheiks only get 11%!

deminvest

November 27, 2007

The difference between me and the Sheiks (besides the fact that I have fewer dollars than they do) it that, if I buy C shares, and they go down, I lose my money. The Sheiks on the other hand, if Citigroup shares go down, can decide to get their money back instead of buying at 37.24.

retirein

November 27, 2007

Deminvest, you’re wrong there:

Abu Dhabi Investment Authority is getting mandatory convertible securities. This means they will have to convert. Even though Sheiks will be partially protected if Citigroup shares don’t do good:

“The investment group is buying mandatory convertible securities that can be converted into Citi stock in 2010 and 2011 at prices ranging from $31.83 to $37.24 per share.”

So if C shares plunge to $2 a share, Arabs will still have to buy at outrageous $31.83. On the other hand if C price climbs to $126, Sheiks will but at screaming bargain price of $37.24

retirein

November 27, 2007

Actually, if Citigroup continues to pay yearly dividends, you can buy shares on the market today and get better conditions than the Sheiks:

1) You pay $30.61, saving more than 20% compared what they’ll pay in 4 years ($37.24).
2) You get 6.8% a year in dividends. If you add it to the 5% (which is the discount of current price compared to Sheik price divided by four years), you get 11.8% gain. Poor sheiks only get 11%!

deminvest

November 27, 2007

The difference between me and the Sheiks (besides the fact that I have fewer dollars than they do) it that, if I buy C shares, and they go down, I lose my money. The Sheiks on the other hand, if Citigroup shares go down, can decide to get their money back instead of buying at 37.24.

retirein

November 27, 2007

Deminvest, you’re wrong there:

Abu Dhabi Investment Authority is getting mandatory convertible securities. This means they will have to convert. Even though Sheiks will be partially protected if Citigroup shares don’t do good:

“The investment group is buying mandatory convertible securities that can be converted into Citi stock in 2010 and 2011 at prices ranging from $31.83 to $37.24 per share.”

So if C shares plunge to $2 a share, Arabs will still have to buy at outrageous $31.83. On the other hand if C price climbs to $126, Sheiks will but at screaming bargain price of $37.24

BUY, SELL, KEEP