mkenyan wrote:newfarer wrote:Ebenyo wrote:Dahatre wrote:There were sooo many clues that this was a scam!
For me, it was this video:
The vision was good,but implementation was poor.
this is normal for any startup.it would have been worrying if there was no vision.
a start up that survives for 5 years is one that has strong foundation.
I understand that FEP has over 6000 acres of land with nearly 400 acres in their name near Daystar Lukenya and some extensive land holdings at the coast.
A stalled 4 star hotel in sagana which can be operationised with little effort. A better corporate governance in the new board with business minded board people now.
they can rise
https://www.fep-group.co...d-board-reconstitution/
another positive for FEP from their published books is that although they have made losses ,all their assets are financed through equity . they do not have those obnoxious bank loans.
they have a strong network of over 200k membership which can be used to harness a ready market for various products.
their problems seems manageable with good management.
it's turnaround is quite easy if they get the right management and partner.
do you know the extent of their liability? these are the kind of posts that lead wazuans to invest in these scam companies.
I have had alot of curiosity on this company and done quite some research about it cos it seems somewhat unique to me.in my research I have noted that in their detailed financials they they owe no bank a loan.
Their lands are fully financed through member contributions.their liabilities are more of trade creditors which can be managed .
See their net asset position as per audited accounts in their website
just stating my findings not influencing anyone to invest.
if you find anything to the contrary
please enlighten us . factually not in an alarmist fashion.
punda amecheka