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Cytonn Investments
Rank: Veteran Joined: 7/8/2008 Posts: 947
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@horton my humble advice to you is stop engaging. This thread and PK and Queen are trolls. Investments on Wazua are unfortunately are seen as spectator sports. Most people are fans in the stand telling players in the field how to win.
The best way to get premium tears is to follow advice from fans in the stand when you are on the field trying to score some profit.
Wachana
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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tony stark wrote:@horton my humble advice to you is stop engaging. This thread and PK and Queen are trolls. Investments on Wazua are unfortunately are seen as spectator sports. Most people are fans in the stand telling players in the field how to win.
The best way to get premium tears is to follow advice from fans in the stand when you are on the field trying to score some profit.
Wachana Understood sir. Good day thanks for your wisdom
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Rank: Member Joined: 1/19/2016 Posts: 204
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Ten fresh complaints were lodged today at the CMA for over kshs 50m.
Kshs 50 million. JUST TODAY.
CMA has also received claims of over Kshs 100 million lost to this scheme. That does not include the previous suits filed by other investors
https://kenyanwallstreet.com/cytonn-hit-by-fresh-claims-amounting-to-ksh-55-5-million/
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Rank: Member Joined: 1/19/2016 Posts: 204
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Ten fresh complaints were lodged today at the CMA.Claims for over KShs 55 million. The ten fresh complaints, lodged at the CMA have claims ranging from KSh 303,678.00 to KSh 30.6 Million. This comes after other investors sued Cytonn earlier in the month. CMA state in an affidavit filed at the High Court that it has ALSO received fresh complaints amounting to KSh 100 Million on Cytonns failure to meet contractual obligations owed to investors. https://kenyanwallstreet.com/cytonn-hit-by-fresh-claims-amounting-to-ksh-55-5-million/With compliments from the “troll” :) tony stark wrote:@horton my humble advice to you is stop engaging. This thread and PK and Queen are trolls. Investments on Wazua are unfortunately are seen as spectator sports. Most people are fans in the stand telling players in the field how to win.
The best way to get premium tears is to follow advice from fans in the stand when you are on the field trying to score some profit.
Wachana
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Rank: Member Joined: 11/21/2018 Posts: 561 Location: Britain
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tony stark wrote:@horton my humble advice to you is stop engaging. This thread and PK and Queen are trolls. Investments on Wazua are unfortunately are seen as spectator sports. Most people are fans in the stand telling players in the field how to win.
The best way to get premium tears is to follow advice from fans in the stand when you are on the field trying to score some profit.
Wachana Kumbe in these streets niliitwa TROLL, isorait!
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Pole to anyone invested in Cytonn.. Dunia huwa hivyo
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Member Joined: 1/19/2016 Posts: 204
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In new filings made on October 27, CMA received fresh complaints from investors bringing the cumulative outstanding claims to Ksh.222.8 million.
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Rank: Member Joined: 3/20/2009 Posts: 348
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paulkimani wrote:In new filings made on October 27, CMA received fresh complaints from investors bringing the cumulative outstanding claims to Ksh.222.8 million. @paulkimani how can we be part of these claims/complaints.Do you have any contacts for any of the investor groups that want to file complaints or already have? thanks
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Rank: Chief Joined: 1/3/2007 Posts: 18,052 Location: Nairobi
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itz wrote:paulkimani wrote:In new filings made on October 27, CMA received fresh complaints from investors bringing the cumulative outstanding claims to Ksh.222.8 million. @paulkimani how can we be part of these claims/complaints.Do you have any contacts for any of the investor groups that want to file complaints or already have? thanks @PK make sure you do not meet Cytonnaires in real life!  I have reading up on Acorn and Centum. Their models have similarities and differences from Cytonn but seem to more grounded in "equity" vs pure debt. Centum has a bond that allows the bondholders to buy properties (at a slight discount, I think) which is somewhat similar to Cytonn. Question: Does Cytonn offer a discount to those in their Fund/Scheme? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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Quote:Out of 4,000 investors, about 13 of them were unhappy and approached CMA, and that is the letter that is making rounds in the news,” Cytonn said in an earlier statement.
In recent weeks, Cytonn Investment Chief Executive Officer Edwin Dande has torn into the CMA, accusing the regulator of running a backward capital markets regulatory regime. Source Link: https://citizentv.co.ke/...ttle-with-cytonn-349434/
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Rank: Member Joined: 1/19/2016 Posts: 204
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I would check which lawyer / firm filed the suit on behalf of the investors and get in touch with them. They will welcome more investors joining the suit. Alternatively contact CMA and ask them to provide information or put in your complaint with them. Good luck, all the best. itz wrote:paulkimani wrote:In new filings made on October 27, CMA received fresh complaints from investors bringing the cumulative outstanding claims to Ksh.222.8 million. @paulkimani how can we be part of these claims/complaints.Do you have any contacts for any of the investor groups that want to file complaints or already have? thanks
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Rank: Member Joined: 3/20/2009 Posts: 348
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paulkimani wrote:I would check which lawyer / firm filed the suit on behalf of the investors and get in touch with them. They will welcome more investors joining the suit. Alternatively contact CMA and ask them to provide information or put in your complaint with them. Good luck, all the best. itz wrote:paulkimani wrote:In new filings made on October 27, CMA received fresh complaints from investors bringing the cumulative outstanding claims to Ksh.222.8 million. @paulkimani how can we be part of these claims/complaints.Do you have any contacts for any of the investor groups that want to file complaints or already have? thanks thanks
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Rank: Member Joined: 3/20/2009 Posts: 348
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VituVingiSana wrote:itz wrote:paulkimani wrote:In new filings made on October 27, CMA received fresh complaints from investors bringing the cumulative outstanding claims to Ksh.222.8 million. @paulkimani how can we be part of these claims/complaints.Do you have any contacts for any of the investor groups that want to file complaints or already have? thanks @PK make sure you do not meet Cytonnaires in real life! I have reading up on Acorn and Centum. Their models have similarities and differences from Cytonn but seem to more grounded in "equity" vs pure debt. Centum has a bond that allows the bondholders to buy properties (at a slight discount, I think) which is somewhat similar to Cytonn. Question: Does Cytonn offer a discount to those in their Fund/Scheme? no they don't. They were offering to sell their units to current investors who wanted to convert their cash into real estate at their current selling prices. Ridiculous if you ask me.
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Rank: Chief Joined: 1/3/2007 Posts: 18,052 Location: Nairobi
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itz wrote:VituVingiSana wrote:itz wrote:paulkimani wrote:In new filings made on October 27, CMA received fresh complaints from investors bringing the cumulative outstanding claims to Ksh.222.8 million. @paulkimani how can we be part of these claims/complaints.Do you have any contacts for any of the investor groups that want to file complaints or already have? thanks @PK make sure you do not meet Cytonnaires in real life! I have reading up on Acorn and Centum. Their models have similarities and differences from Cytonn but seem to more grounded in "equity" vs pure debt. Centum has a bond that allows the bondholders to buy properties (at a slight discount, I think) which is somewhat similar to Cytonn. Question: Does Cytonn offer a discount to those in their Fund/Scheme? no they don't. They were offering to sell their units to current investors who wanted to convert their cash into real estate at their current selling prices. Ridiculous if you ask me. I assume you find the "current" selling prices to be on the high side. What I do not understand is why are there so many new residential buildings coming up, in Nairobi, despite the glut. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 1/19/2016 Posts: 204
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VituVingiSana wrote:itz wrote:VituVingiSana wrote:itz wrote:paulkimani wrote:In new filings made on October 27, CMA received fresh complaints from investors bringing the cumulative outstanding claims to Ksh.222.8 million. @paulkimani how can we be part of these claims/complaints.Do you have any contacts for any of the investor groups that want to file complaints or already have? thanks @PK make sure you do not meet Cytonnaires in real life! I have reading up on Acorn and Centum. Their models have similarities and differences from Cytonn but seem to more grounded in "equity" vs pure debt. Centum has a bond that allows the bondholders to buy properties (at a slight discount, I think) which is somewhat similar to Cytonn. Question: Does Cytonn offer a discount to those in their Fund/Scheme? no they don't. They were offering to sell their units to current investors who wanted to convert their cash into real estate at their current selling prices. Ridiculous if you ask me. I assume you find the "current" selling prices to be on the high side. What I do not understand is why are there so many new residential buildings coming up, in Nairobi, despite the glut. Money cleaning/ (laundering). Real estate is an easy way to clean big amounts - - especially after they rid the old 1000 shilling notes - convenient way to dispose of all the under the mattress cash.
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Rank: Chief Joined: 1/3/2007 Posts: 18,052 Location: Nairobi
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paulkimani wrote:VituVingiSana wrote:itz wrote:VituVingiSana wrote:itz wrote:paulkimani wrote:In new filings made on October 27, CMA received fresh complaints from investors bringing the cumulative outstanding claims to Ksh.222.8 million. @paulkimani how can we be part of these claims/complaints.Do you have any contacts for any of the investor groups that want to file complaints or already have? thanks @PK make sure you do not meet Cytonnaires in real life! I have reading up on Acorn and Centum. Their models have similarities and differences from Cytonn but seem to more grounded in "equity" vs pure debt. Centum has a bond that allows the bondholders to buy properties (at a slight discount, I think) which is somewhat similar to Cytonn. Question: Does Cytonn offer a discount to those in their Fund/Scheme? no they don't. They were offering to sell their units to current investors who wanted to convert their cash into real estate at their current selling prices. Ridiculous if you ask me. I assume you find the "current" selling prices to be on the high side. What I do not understand is why are there so many new residential buildings coming up, in Nairobi, despite the glut. Money cleaning/ (laundering). Real estate is an easy way to clean big amounts - - especially after they rid the old 1000 shilling notes - convenient way to dispose of all the under the mattress cash. Those 1000s are useless. Who in their right mind will accept them? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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VituVingiSana wrote:paulkimani wrote:VituVingiSana wrote:itz wrote:VituVingiSana wrote:itz wrote:paulkimani wrote:In new filings made on October 27, CMA received fresh complaints from investors bringing the cumulative outstanding claims to Ksh.222.8 million. @paulkimani how can we be part of these claims/complaints.Do you have any contacts for any of the investor groups that want to file complaints or already have? thanks @PK make sure you do not meet Cytonnaires in real life! I have reading up on Acorn and Centum. Their models have similarities and differences from Cytonn but seem to more grounded in "equity" vs pure debt. Centum has a bond that allows the bondholders to buy properties (at a slight discount, I think) which is somewhat similar to Cytonn. Question: Does Cytonn offer a discount to those in their Fund/Scheme? no they don't. They were offering to sell their units to current investors who wanted to convert their cash into real estate at their current selling prices. Ridiculous if you ask me. I assume you find the "current" selling prices to be on the high side. What I do not understand is why are there so many new residential buildings coming up, in Nairobi, despite the glut. Money cleaning/ (laundering). Real estate is an easy way to clean big amounts - - especially after they rid the old 1000 shilling notes - convenient way to dispose of all the under the mattress cash. Those 1000s are useless. Who in their right mind will accept them? Paulkimani knows something we don't know about the 1000s notes Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 1/19/2016 Posts: 204
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Government announces deadline to convert old notes.
Person X has 50 million kshs (in old 1000 notes) under the bed - perhaps a few under the table deals. He can’t change the money because his salary and taxes won’t match his wealth with the under the table deals.
No law says you can’t pay construction companies with physical cash.
Before the deadline, person X hires a construction company and use that 50 million for advanced payment of the construction.
Now it’s up to the construction company, who obtained the money legally to change the old 1000. This won’t raise a red flag.
But what do I know.
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Rank: Chief Joined: 1/3/2007 Posts: 18,052 Location: Nairobi
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paulkimani wrote:Government announces deadline to convert old notes.
Person X has 50 million kshs (in old 1000 notes) under the bed - perhaps a few under the table deals. He can’t change the money because his salary and taxes won’t match his wealth with the under the table deals.
No law says you can’t pay construction companies with physical cash.
Before the deadline, person X hires a construction company and use that 50 million for advanced payment of the construction.
Now it’s up to the construction company, who obtained the money legally to change the old 1000. This won’t raise a red flag.
But what do I know. That deadline passed about a year ago! I understand the context about the buildings that were bring built in 2019 but I am talking about today (Nov 2020). Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 1/19/2016 Posts: 204
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Even I am talking about today.
LITERALLY what Cytonn do. They sell off - plan which is JUST a concept. No physical building yet.
You pay them cash before the building has started construction or when it is just beginning. A promise of a cheaper price is given if bought before construction begins.
X gives money in 2019 before new notes
Building begins construction in Nov 2020. Voila you've also cleaned your dirty money. But what do I know.
"Cytonn. Cleaning your money since 2015."
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