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Rank: Member Joined: 11/21/2018 Posts: 564 Location: Britain
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Most people argued that investing with Cytonn was always going to end in premium tears. However, the tears were never expected to come this fast.
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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Queen wrote:Most people argued that investing with Cytonn was always going to end in premium tears. However, the tears were never expected to come this fast.  Yawa tho, though it was obvious. I wonder how guys expected corporate thugs not to steal from retail investors. For you to steal from old money hadharani, you must have very hard eyes!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Member Joined: 11/21/2018 Posts: 564 Location: Britain
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Angelica _ann wrote:Queen wrote:Most people argued that investing with Cytonn was always going to end in premium tears. However, the tears were never expected to come this fast. Yawa tho, though it was obvious. I wonder how guys expected corporate thugs not to steal from retail investors. For you to steal from old money hadharani, you must have very hard eyes!!! They must be planning on how to blame Covid-19 for their woes. A perfect excuse?
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Rank: Elder Joined: 9/15/2006 Posts: 3,907
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Published 10-Apr extending maturities by 90 days due to Covid, affecting only CHYS & CPN unregulated funds; not the CMA regulated Money Market & High Yield fund. Citing 8 international real estate funds that have taken similar measures due to Covid. So the issue becomes were investors able to distinguish, especially between unregulated CHYS (18%) and regulated CHYF (14%)? The unregulated funds enticed investors with the highest yields. Queen wrote:
They must be planning on how to blame Covid-19 for their woes. A perfect excuse?
Consequently, investors of the fund through their Board of Investors, in consultation with the Principal Partner, passed a resolution extending all maturities by 90-days; 90 days is a period within which we expect the sites to reopen Real Estate Projects: Given the ongoing COVID-19 environment, we have either closed or drastically reduced labour in all our sites for the next 90-days. https://cytonn.com/media...e-as-cytonn-investments
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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While I pulled out of Cytonn when they started selling branded umbrella, cups and t-shirts. I think what they are going through is normal in these circumstances. If Obiero did it, Who Am I?
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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muganda wrote:Published 10-Apr extending maturities by 90 days due to Covid, affecting only CHYS & CPN unregulated funds; not the CMA regulated Money Market & High Yield fund. Citing 8 international real estate funds that have taken similar measures due to Covid. So the issue becomes were investors able to distinguish, especially between unregulated CHYS (18%) and regulated CHYF (14%)? The unregulated funds enticed investors with the highest yields. Queen wrote:
They must be planning on how to blame Covid-19 for their woes. A perfect excuse?
Consequently, investors of the fund through their Board of Investors, in consultation with the Principal Partner, passed a resolution extending all maturities by 90-days; 90 days is a period within which we expect the sites to reopen Real Estate Projects: Given the ongoing COVID-19 environment, we have either closed or drastically reduced labour in all our sites for the next 90-days. https://cytonn.com/media...e-as-cytonn-investments
The 90 days extension might have been as per contract and 'well meaning' but the interpretation by investors and its effect to the general public will be negative. They are likely to face massive withdrawals going forward and the result will be disastrous to many. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Veteran Joined: 7/5/2010 Posts: 2,061 Location: Nairobi
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Angelica _ann wrote:muganda wrote:Published 10-Apr extending maturities by 90 days due to Covid, affecting only CHYS & CPN unregulated funds; not the CMA regulated Money Market & High Yield fund. Citing 8 international real estate funds that have taken similar measures due to Covid. So the issue becomes were investors able to distinguish, especially between unregulated CHYS (18%) and regulated CHYF (14%)? The unregulated funds enticed investors with the highest yields. Queen wrote:
They must be planning on how to blame Covid-19 for their woes. A perfect excuse?
Consequently, investors of the fund through their Board of Investors, in consultation with the Principal Partner, passed a resolution extending all maturities by 90-days; 90 days is a period within which we expect the sites to reopen Real Estate Projects: Given the ongoing COVID-19 environment, we have either closed or drastically reduced labour in all our sites for the next 90-days. https://cytonn.com/media...e-as-cytonn-investments
The 90 days extension might have been as per contract and 'well meaning' but the interpretation by investors and its effect to the general public will be negative. They are likely to face massive withdrawals going forward and the result will be disastrous to many. No new money will come in. Current "investors" will want to pull their money out. The run is inevitable. This will be a bloodbath of epic proportions. Poor, naive folks, got caught when the music stopped. 30+ pages in this thread of ceaseless warnings. Ulafi ni mbaya. Wapi hii @Horton? I want to see what english he will conjure up to explain away this one ...
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Rank: Member Joined: 11/21/2018 Posts: 564 Location: Britain
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muganda wrote:Published 10-Apr extending maturities by 90 days due to Covid, affecting only CHYS & CPN unregulated funds; not the CMA regulated Money Market & High Yield fund. Citing 8 international real estate funds that have taken similar measures due to Covid. So the issue becomes were investors able to distinguish, especially between unregulated CHYS (18%) and regulated CHYF (14%)? The unregulated funds enticed investors with the highest yields. Queen wrote:
They must be planning on how to blame Covid-19 for their woes. A perfect excuse?
Consequently, investors of the fund through their Board of Investors, in consultation with the Principal Partner, passed a resolution extending all maturities by 90-days; 90 days is a period within which we expect the sites to reopen Real Estate Projects: Given the ongoing COVID-19 environment, we have either closed or drastically reduced labour in all our sites for the next 90-days. https://cytonn.com/media...e-as-cytonn-investments
Let us wait and see what EXCUSE they will come up with upon the expiry of the 90 days. This thing is now a dodo. The four crooks should be executed by a firing squad at Uhuru Park.
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Rank: Member Joined: 1/19/2016 Posts: 204
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hamburglar wrote:paulkimani wrote:Perhaps. But for the silent readers, the ones thinking about investing and browsing - I’m sharing for them. Stay safe I think smart investors should listen to what paulkimani is saying about Cytonn. This ponzi is soon going to explode in people’s faces. The damage in terms of monetary losses to investors will be legendary. It’s going to be unprecedented in Kenya. I too have always wondered, apart from Amara Ridge in Karen consisting of 10 houses that have still not yet been sold 5 years in, how do these guys generate money that allows them to float up to 20% returns in interest to investors? Something is very very amiss here, I would be very scared if I have money invested in Cytonn. That’s just my opinion though, I might be wrong but my hunch tells me otherwise. Thanks. I like your concise summary of the company. Cytonn reported me on Twitter, so my account was suspended :) always wondered why so many complaints kept disappearing. To whoever wishes - share this forum with investors (both current and potential) to read with the link below: http://www.wazua.co.ke/f...ts&t=33458&p=37
Stay safe
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Rank: Member Joined: 1/19/2016 Posts: 204
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https://twitter.com/vino...250762191604760578?s=21
They shut off their access portals for investors for a while.. must have had an influx of attempted withdrawals! https://twitter.com/wazu...1250759232397496320?s=21
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