Comments by "Samson Soturian" (@samsonsoturian6013) on "The $1 Billion Nigerian Company That Doesn't Exist" video.

  1. Or being a successful African businessman
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  2. Not in Nigeria. For instance, their oil exports are a fraction what they could be because people often risk their lives to steal buckets of oil. Most of the refining is in unlicensed open pits and the government simply fines foreign firms for the pollution created by criminals. You have to fight to stay profitable in Africa.
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  3. It's probably a matter of a single accountant given the official size of the firm.
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  4. Boyle was going off mostly what Hindenburg said. They have a newsletter.
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  5. They got on the market by buying a defunct public company, the real question is how this slipped past the auditor.
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  6. Chocolate and nuts. The farmers mostly fight each other over that stuff
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  7. In Nigeria? He'd struggle to make enough money to feed his family
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  8. Or especially being on the 30 under 30 list@@DJ-tn3ov
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  9. Not always, but often enough to disassociate oneself
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  10. The double m in African names is for a distinct humming sound. It is not Mah-bozy.
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  11. They're usually deep value buys
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  12. If you really believed that what are you doing here?
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  13. It's a matter of a single auditor, really. I have no idea what happened but PBAOB needs to ask a lot of questions
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  14. FYI Hindenburg has a newsletter that you can sign up for on their website. Their short reports are infrequent but worth reading.
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