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Cytonn Investments
Rank: Member Joined: 9/27/2006 Posts: 506
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VituVingiSana wrote:Lots of commentary but none have answered the questions below. @Sparkly @DeadPoet do you have the info as insiders/investees? VituVingiSana wrote:Cytonn accused of flouting CMA regulations in cash call https://www.businessdail...ns-in-cash-call-2374156
Questions: What is the yield on the CHYS and CPNs? Depends on the tenure of the original investment, but if you had gone for a 1-year and 3-year option, the yields would have been 18% and 20% p.a., respectively.Do those who invested in the CHYS continue getting paid the interest, in cash, during the extension period? Cytonn offered a variety of options when the pandemic hit. But generally, the interest paid out in cash is now half during the extension period, with the other half capitalized (i.e., added to the original investment). This option was provided to investors who used to receive monthly interest payments in cash. Though, I do have to add that Cytonn is about two months behind in paying the monthly interest.If no, do those who invested in the CHYF or CPNs continue accruing the interest during the extension period? CHYF is a different animal, so I assume you are referring to CHYS. Cytonn also offered an option to suspend interest payments and receive all dues when the force majeure is no longer in effect. Interest continues to accrue over the period.
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Rank: Member Joined: 1/19/2016 Posts: 204
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It is not just 13 upset investors as Dande keeps stating. You know it, I know it and Dande knows it. The problem is everyone believes what Dande says on Wazua. I’ll be on Twitter for anyone that wants to know more. I’m a little baffled by people’s faith in the company after all the evidence. PS - there’s also investor 14 who is in the news for suing Cytonn individually - see my previous post here, and that is just the tip of the iceberg. Many more complained on social media and to the company itself and all they needed was to see the first few investors come forward. Watch the suits start piling in in the next few weeks to months. PS - if you have to tell the news you’re not a ponzi, you are a ponzi : https://www.standardmedia.co.ke/amp/business/article/2001388218/were-not-a-ponzi-scheme-declares-cytonn-boss-as-cash-crisis-grows#click=https://t.co/Vkwy0mUY3CPS - Arora resigned from Cytonn because of the pressure he was getting from investors to return the stolen money. He was in charge of the money. The calls from angry investors got to much. Announcement of his place as CEO of superior homes (a position of CEO that superior homes never had before incidentally) was created to distract the media from the investor pressure on him over stealing the billions of shillings of investor money along with the other 3, namely Dande, Wanjama and Nkuku and resigning. itz wrote:paulkimani wrote:https://www.google.co.uk/amp/s/www.kahawatungu.com/cytonn-money-market-fund-sales-grow-by-757-percent-in-one-year/amp/ “Cytonn Money Market Fund Sales Grow By 757 Percent In One Year” Interpret that as you wish. @paulkimani do you have contacts of any of the 13 investors who reported to CMA.How can cytonn claim out of 4k investors only 13 are not happy..how ridiculous.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:Lots of commentary but none have answered the questions below. @Sparkly @DeadPoet do you have the info as insiders/investees? VituVingiSana wrote:Cytonn accused of flouting CMA regulations in cash call https://www.businessdail...ns-in-cash-call-2374156
Questions: What is the yield on the CHYS and CPNs? Do those who invested in the CHYS continue getting paid the interest, in cash, during the extension period? If no, do those who invested in the CHYF or CPNs continue accruing the interest during the extension period? @VVS, I am neither an investor nor an insider. My interest for now is purely academic  I am however in support of the freedom to engage in enterprise, contract and invest which Cytonn and the investors have exercised. Life is short. Live passionately.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Angelica _ann wrote:paulkimani wrote:https://www.google.co.uk/amp/s/www.kahawatungu.com/cytonn-money-market-fund-sales-grow-by-757-percent-in-one-year/amp/ “Cytonn Money Market Fund Sales Grow By 757 Percent In One Year” Interpret that as you wish. The article has no absolute figures, so it is possible True, depends on the base. If you have 1 bob and someone gives you sh 100, that's a whopping 10,000% growth. @Paulkimani is struggling with statistical elementals. Life is short. Live passionately.
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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sparkly wrote:VituVingiSana wrote:Lots of commentary but none have answered the questions below. @Sparkly @DeadPoet do you have the info as insiders/investees? VituVingiSana wrote:Cytonn accused of flouting CMA regulations in cash call https://www.businessdail...ns-in-cash-call-2374156
Questions: What is the yield on the CHYS and CPNs? Do those who invested in the CHYS continue getting paid the interest, in cash, during the extension period? If no, do those who invested in the CHYF or CPNs continue accruing the interest during the extension period? @VVS, I am neither an investor nor an insider. My interest for now is purely academic  I am however in support of the freedom to engage in enterprise, contract and invest which Cytonn and the investors have exercised. @VVS as someone who has invested before Covid like myself: CHYS and CPN 15-20% depending on amounts and period During extension, we are getting 50% interest (albeit abit late) and 50% is capitalized and earns interest so it compounds. However, they are getting better at paying earlier each month. The guys who invested Post-covid, they have no such extensions. They are paid on the due date. I know a few people that have been post covid
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Rank: Member Joined: 1/19/2016 Posts: 204
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To silent investors who want their money back Dande has said in the below article: “Edwin Dande confirmed they received withdrawal requests by some clients.But he insisted that the firm had “ample” liquidity for any investor who wanted their money back” https://www.standardmedi...investors-pull-out-funds
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Rank: Member Joined: 1/19/2016 Posts: 204
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The company stock is owned by the four founders of the firm. 10 percent of the company stock was sold to "high net-worth investors". The shareholding in the business is as below.
Name of Owner, Position:
1 Edwin Dande, Chief Executive Officer 2 Patricia Wanjama, Chief Legal Officer 3 Shiv Arora, Executive Director 4 Elizabeth Nkukuu, Chief Investment Officer 5 Others
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Investors will take their money back to the traditional unit trusts like ICEALION, CIC,britam who give lower rates of interest than cytonn but have sense of stability and security Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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paulkimani wrote:The company stock is owned by the four founders of the firm. 10 percent of the company stock was sold to "high net-worth investors". The shareholding in the business is as below.
Name of Owner, Position:
1 Edwin Dande, Chief Executive Officer 2 Patricia Wanjama, Chief Legal Officer 3 Shiv Arora, Executive Director 4 Elizabeth Nkukuu, Chief Investment Officer 5 Others
Is there anything else you do apart from stalk these guys?? :) This obsession is scary you are all over wazzooo ,twira
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Ericsson wrote:Investors will take their money back to the traditional unit trusts like ICEALION, CIC,britam who give lower rates of interest than cytonn but have sense of stability and security Maybe, but having talked to other investors like myself, the naysayers have been saying this thing will collapse 6 years ago. Don't see that happening. Perhaps we look for a new song to sing?
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