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Cytonn Investments
paulkimani
#731 Posted : Saturday, April 11, 2020 9:26:50 AM
Rank: Member

Joined: 1/19/2016
Posts: 204
https://twitter.com/cege...248659151753969670?s=21

https://twitter.com/ann7...247818646300364801?s=21

https://twitter.com/ehda...247834951682265089?s=21


Hey!
Cytonnaires! And all the haters including Horton!
Want to hear a funny story?

Just for those “cytonnaires” - Edwin said in his last message that they won’t release funds for another 3 months and it is working their right to do so.
Where are all those Cytonnaires now telling me how Cytonn is so great and reliable with your amazing interest rates of .. 18-20%? Those interest rates don’t help when you can’t access your money during a pandemic. How heartless of Cytonn. And why?

Because no one has money to invest right now. So Cytonn isn’t getting new money.
Their real estate business has always quite frankly been an absolute joke and disaster.
They have zero money coming in, so they can’t give all the Cytonnaires their money back because then the whole ponzi comes crashing down.

While banks are lowering interest rates and small businesses are struggling and our fellow Kenyans are starving, Cytonn is sitting there with that 1000 bob the boda boda rider saved in a week and invested with them - hoping it would make him a profit when he needed it....
I’m guessing he needs it now, more than ever. But no - this is when the big corporation - Cytonn, who are always saying customers are their first priority... don’t give him the money he needs, which is rightfully his - to feed his family now. When he needs it the most.
Angelica _ann
#732 Posted : Saturday, April 11, 2020 10:29:04 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
From that Dande's tweeter reply to Ann, rule no 2, if this is true, then people are doomed:

2. We manage the fund according to the board of investors, the board in the interest of all investors extended all HYS maturities by 3 months,per contract.

d'oh! d'oh! d'oh!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
paulkimani
#733 Posted : Saturday, April 11, 2020 10:34:36 AM
Rank: Member

Joined: 1/19/2016
Posts: 204
https://twitter.com/cege...248660267057270785?s=21

Would highly advise Cytonn investors to collaborate and file a formal complaint before it’s too late and all your money is gone.
The contract might have said they can extend/not pay for another 3 months - but this is a pandemic, and every single
other company (non ponzi) has waived it in interest of their investors who they know might be relying on the money.

Cytonn has, and always will be a ponzi, not a company. Before it’s too late and all the money has disappeared (please remember a few months back when CMA
distances themselves from Cytonn and their bank trustee dropped Cytonn. They haven’t got a new trustee. They are not regulated)

File a formal complaint before all your hard earned money goes in the pockets of the four thieves who stole from
HF and Britam who lost billions and sued - namely sued the thieves Edwin Dande, Elizabeth Nkukuu, Patricia Wanjama and Shiv Arora.

Get your money back before it’s too late! And get the press to pick up on this so they can warn the other investors. Stay safe all.
slick
#734 Posted : Saturday, April 11, 2020 1:43:50 PM
Rank: Member

Joined: 6/1/2017
Posts: 288
If Cytonn was in the US,the central bank would have bailed them out long time ago.Fed is bailing out money market funds that froze redemptions.

If Cytonn is a ponzi,they should be allowed to fail.I had always been suspicious of their high interest rates above other money market funds
Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
eangaga
#735 Posted : Saturday, April 11, 2020 5:11:02 PM
Rank: New-farer

You have been a member since:: 11/15/2016
Posts: 29
slick wrote:
If Cytonn was in the US,the central bank would have bailed them out long time ago.Fed is bailing out money market funds that froze redemptions.

If Cytonn is a ponzi,they should be allowed to fail.I had always been suspicious of their high interest rates above other money market funds


Why do you say they would have bailed them out? There are many many firms that go under in US for various reasons and are never bailed out.

I do not see feds bailing out companies left and right. Where are you looking at?
slick
#736 Posted : Saturday, April 11, 2020 6:44:27 PM
Rank: Member

Joined: 6/1/2017
Posts: 288
eangaga wrote:
slick wrote:
If Cytonn was in the US,the central bank would have bailed them out long time ago.Fed is bailing out money market funds that froze redemptions.

If Cytonn is a ponzi,they should be allowed to fail.I had always been suspicious of their high interest rates above other money market funds


Why do you say they would have bailed them out? There are many many firms that go under in US for various reasons and are never bailed out.

I do not see feds bailing out companies left and right. Where are you looking at?


@eangaga
Check this out.




Fed and US government are bailing out everyone by printing trillions upon trillions and bailing out their financial system buying stocks,corporate and government bonds,commercial paper,sending cheques to households etc.Research on the current events happening in the US now or also check the wazua thread First World Market Shenanigans where I have been detailing these bailout programs for weeks now
Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
moneydust
#737 Posted : Monday, April 13, 2020 9:15:57 PM
Rank: Member

Joined: 1/31/2007
Posts: 304
The Great Financial Crisis of 2008/9 exposed to the world the biggest ponzi scheme that ever existed.I wonder what the Covid pandemic will expose to us in the financial markets.Stay Woke people!.The tide has turned,prompted by the current pandemic,and we will now get to see who has being swimming naked...

Cytonn investors you are in my prayers...
paulkimani
#738 Posted : Tuesday, April 14, 2020 2:08:44 PM
Rank: Member

Joined: 1/19/2016
Posts: 204






eangaga
#739 Posted : Tuesday, April 14, 2020 4:05:46 PM
Rank: New-farer

You have been a member since:: 11/15/2016
Posts: 29
Sad This is troubling for those that investing in this entity.
If you can get your funds, please do so and consider another investment. There is nothing as painful as investing and someone takes your investment for their own.

winmak
#740 Posted : Wednesday, April 15, 2020 7:44:45 PM
Rank: Member

Joined: 12/1/2007
Posts: 539
Location: Nakuru
eangaga wrote:
Sad This is troubling for those that investing in this entity.
If you can get your funds, please do so and consider another investment. There is nothing as painful as investing and someone takes your investment for their own.



As the field gets narrower and narrower... what options are left? Considering corona?
For investors as a whole, returns decrease as motion increases ~ WB
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