Its very sad to see people celebrating the downfall of Cytonn, Dande and Co. I say unto you that those are people who don't know how capitalism works. An investment Advisor/ Manager like Cytonn is an agent. The Agency makes money whether the Principal (Investor) makes money or loses money, as long as there is money in the portfolio. Dande is like a Bank CEO. He receives a salary whether the bank is profitable or not. If the bank fails, he will simply move to the next employer and leave the savers to lick their wounds.

Those celebrating the downfall of Cytonn are essentially celebrating the losses of investors. On the other hand, investors rushing to get out will cause a run on the fund leading to a sure collapse. Investors are best advised to be patient and ride out the hard times occasioned by Covid19.

Anyway Here is the clarification by Cytonn.

Its very sad to see people celebrating the downfall of Cytonn, Dande and Co. I say unto you that those are people who don't know how capitalism works. An investment Advisor/ Manager like Cytonn is an agent. The Agency makes money whether the Principal (Investor) makes money or loses money, as long as there is money in the portfolio. Dande is like a Bank CEO. He receives a salary whether the bank is profitable or not. If the bank fails, he will simply move to the next employer and leave the savers to lick their wounds.

Those celebrating the downfall of Cytonn are essentially celebrating the losses of investors. On the other hand, investors rushing to get out will cause a run on the fund leading to a sure collapse. Investors are best advised to be patient and ride out the hard times occasioned by Covid19.

Anyway Here is the clarification by Cytonn.

It’s Dande and co’s arrogance and entitlement ever since incorporation, with their constant need for media attention, court cases, and empty noise for years and daylight stealing that people are happy to see finally called out.

Which people are those? Be specific

Not the unfortunate investors caught in the middle.

Who are the other victims of the loss, other than investors? Investors caught in the middle of what and what?

It would be and is incorrect to suggest otherwise.

End of the day - haters still going to hate on the whistleblowers rather than the embezzler. Sad.

What do haters stand to gain by hating on whistleblowers?

I'd like to comment as an actual CHYS investor, a minority in the wazua community. In spite of the derision I'm likely to receive from many, I'd like to say:

1. I have confidence in Dande & Co. The steps they have taken to preserve liquidity (like extend maturity), other funds around the world have done.
2. I knew going in that the main investments were real estate, which is not an asset that can be easily liquidated.

Most people commenting on this thread somehow believe that cytonn investors didn't do their due diligence when investing (looking at you @paulkimani, who has a clear axe to grind). 18% is obviously an above average return - only the stupid invest without reading agreements, even those with 24m