The screws are starting to get tightened. By the end of this saga these guys might lose everything.

Have my reservations on whether this 'fraud' as Britam describes it, actually took place. Britam could just be playing hardball. Still, it is not an impossible fraud to pull off because it would involve collusion of key decision makers.

Will be a difficult road ahead for the new outfit. Britam has more levers it can pull and a more resilient brand than the new guys i.e. can withstand this jolt on reputation. Britam also has a far larger network of associates and allies in Corporate Kenya so can make life hard even without going through the courts. Cyton could end up excluded by default from certain big deals.

Eventually, Cyton & Co. will concede and the matter will be settled out of court to their disadvantage.

When you see LLPs and off-shore corporations be afraid. If our CMA was serious they would be asking tough questions. For this share and its sister Centum the issue is all about risk management.

These are the kind of buses that drop off the cliff. Know when to walk away, know when to run

Word...

Sad that these young guys are being punished for being ambitious and entrepreneural. But that is the nature of corporate warfare. I hope they have some counter they can pull to keep the old men quiet re Kiereini and Njonjo.

Sm1 make me understand i guess the 4 ex-employees are being accussed of transferring the Money that was in BAAM control to funds accounts in Acorn control without consent from BAAM not criminally stealing the funds for own use is that right. Britam is just hitting back here for the loss of the Acorn deal u want to tell me BAAM can loose 3.9b in july and only notice in november i see a wounded lion here.
We know very well with restraining orders and the courts issued and possibility of case dragging in 4 years investors will not want to loose out and will go to baam begging them to withdrawal the case and of course with a promise that they sign up with baam

I hope the share drops so that I can accumulate some as we wait for any good announcement from Britam!!!!!!!!!!

I disagree. I think what Dande & Company did was run their own firm on Britam's time. They should have walked away with a Rolodex + Reputation. Instead they walked away with funds gathered/solicited (not stolen) on Britam's dime. Fundraising requires time, money, reputation and patience. Even worse, they found the bride, negotiated the brideprice and then they eloped with Britam's bride. And the brideprice. And then rubbed it in Britam's face.

Others like David Owino [formerly of Centum] is doing his own thing but not with a Centum project.

What are you smoking? Cases are still taking ages to get resolved. The enthusiasm in the judiciary is gone. Now it is all about in-fighting and delays. Cases are getting postponed, the courts start late, dates are being given 2 months from application. And that's not to hear the case but just to get a hearing date!

That in financial parlance is called Fraud and should be taken seriously by financial organisations and other affiliated groups like ACCK, Central Bank, NSE, CMA(to protect shareholders equity)
The penalty should be to repay the money with interest and loose certificate to operate Cytonn for a period not lower than 2 years plus pay a fine as a detterent.