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Cytonn Investments
mv_ufanisi
#1261 Posted : Tuesday, August 24, 2021 11:20:40 AM
Rank: Member


Joined: 1/15/2010
Posts: 625
One of the biggest beneficiaries of this Cytonn saga was the guys who sell advertising. Cytonn was pumping in lots of cash to market themselves and sell their 'Cytonnaire' story.

From the airport all the way to Kilimani, one outdoor ad after the other, magazine and newspaper to the next.

Their advertising budget must have been massive.

And right there was a clue that something was amiss. If someone is trying too hard to sell you something ...

People were suckered in by the high interest rates, glossy pictures and stylish salespeople who looked the part of bank executives ...

Alas most people are easily fooled by appearances.
poundfoolish
#1262 Posted : Wednesday, August 25, 2021 10:16:05 AM
Rank: Elder


Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
mv_ufanisi wrote:
One of the biggest beneficiaries of this Cytonn saga was the guys who sell advertising. Cytonn was pumping in lots of cash to market themselves and sell their 'Cytonnaire' story.

From the airport all the way to Kilimani, one outdoor ad after the other, magazine and newspaper to the next.

Their advertising budget must have been massive.

And right there was a clue that something was amiss. If someone is trying too hard to sell you something ...

People were suckered in by the high interest rates, glossy pictures and stylish salespeople who looked the part of bank executives ...

Alas most people are easily fooled by appearances.


Have you ever ran a business..? Ever tried entrepreneurship? A kiosk? sold Mandazis?
poundfoolish
#1263 Posted : Wednesday, August 25, 2021 10:24:05 AM
Rank: Elder


Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
My 2 cents wrote:
Cytonn was like a religion, I tried to talk a friend out of it 4 years ago and did not make any progress. You have got to understand that those who have already invested need for the scheme to keep going for them to stand a good chance of getting out. Cytonn is only as good as more 'investors' join, if that stops everyone who is already in loses. Thats why the animosity towards paulkimani. He was jeopardising some peoples investment in Cytonn.


Nonsense!!!
Cytonn needs to keep selling houses to keep going and giving returns.
Do you know how the other property developers are fairing?
aemathenge
#1264 Posted : Wednesday, August 25, 2021 10:36:12 AM
Rank: Elder


Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
poundfoolish wrote:
mv_ufanisi wrote:
One of the biggest beneficiaries of this Cytonn saga was the guys who sell advertising. Cytonn was pumping in lots of cash to market themselves and sell their 'Cytonnaire' story.

From the airport all the way to Kilimani, one outdoor ad after the other, magazine and newspaper to the next.

Their advertising budget must have been massive.

And right there was a clue that something was amiss. If someone is trying too hard to sell you something ...

People were suckered in by the high interest rates, glossy pictures and stylish salespeople who looked the part of bank executives ...

Alas most people are easily fooled by appearances.


Have you ever ran a business..? Ever tried entrepreneurship? A kiosk? sold Mandazis?


Ouch !

Shots fired.
mv_ufanisi
#1265 Posted : Wednesday, August 25, 2021 12:40:05 PM
Rank: Member


Joined: 1/15/2010
Posts: 625
poundfoolish wrote:
mv_ufanisi wrote:
One of the biggest beneficiaries of this Cytonn saga was the guys who sell advertising. Cytonn was pumping in lots of cash to market themselves and sell their 'Cytonnaire' story.

From the airport all the way to Kilimani, one outdoor ad after the other, magazine and newspaper to the next.

Their advertising budget must have been massive.

And right there was a clue that something was amiss. If someone is trying too hard to sell you something ...

People were suckered in by the high interest rates, glossy pictures and stylish salespeople who looked the part of bank executives ...

Alas most people are easily fooled by appearances.


Have you ever ran a business..? Ever tried entrepreneurship? A kiosk? sold Mandazis?


Have you ever thought critically and intelligently?

Your responses on this matter have been to try your best to stifle conversations about Cytonn which has brought huge losses to many Kenyans who were duped into buying into a high risk venture without fully understanding the risks. Now many are depressed and suicidal.

Talking about kiosks and mandazis is not the level of conversation expected in Wazua.
My 2 cents
#1266 Posted : Wednesday, August 25, 2021 1:15:27 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,059
“Chema chajiuza, kibaya chajitembeza – A good thing sells, a bad thing advertises.”

An old age adage.The adverstising was very aggressive. Selling dreams, smokes and mirrors.
poundfoolish
#1267 Posted : Wednesday, August 25, 2021 6:11:59 PM
Rank: Elder


Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
My 2 cents wrote:
“Chema chajiuza, kibaya chajitembeza – A good thing sells, a bad thing advertises.”

An old age adage.The adverstising was very aggressive. Selling dreams, smokes and mirrors.


Like Coca Cola, Safaricom, Equity and so on and so forth?

poundfoolish
#1268 Posted : Wednesday, August 25, 2021 6:14:58 PM
Rank: Elder


Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
mv_ufanisi wrote:
poundfoolish wrote:
mv_ufanisi wrote:
One of the biggest beneficiaries of this Cytonn saga was the guys who sell advertising. Cytonn was pumping in lots of cash to market themselves and sell their 'Cytonnaire' story.

From the airport all the way to Kilimani, one outdoor ad after the other, magazine and newspaper to the next.

Their advertising budget must have been massive.

And right there was a clue that something was amiss. If someone is trying too hard to sell you something ...

People were suckered in by the high interest rates, glossy pictures and stylish salespeople who looked the part of bank executives ...

Alas most people are easily fooled by appearances.


Have you ever ran a business..? Ever tried entrepreneurship? A kiosk? sold Mandazis?


Have you ever thought critically and intelligently?

Your responses on this matter have been to try your best to stifle conversations about Cytonn which has brought huge losses to many Kenyans who were duped into buying into a high risk venture without fully understanding the risks. Now many are depressed and suicidal.

Talking about kiosks and mandazis is not the level of conversation expected in Wazua.


Do you even know what is happening or you just dive into PK's KoolAId?

Do you know what business CHYS was investing in to give the said returns?
paulkimani
#1269 Posted : Wednesday, August 25, 2021 6:23:10 PM
Rank: Member


Joined: 1/19/2016
Posts: 204
poundfoolish wrote:
mv_ufanisi wrote:
poundfoolish wrote:
mv_ufanisi wrote:
One of the biggest beneficiaries of this Cytonn saga was the guys who sell advertising. Cytonn was pumping in lots of cash to market themselves and sell their 'Cytonnaire' story.

From the airport all the way to Kilimani, one outdoor ad after the other, magazine and newspaper to the next.

Their advertising budget must have been massive.

And right there was a clue that something was amiss. If someone is trying too hard to sell you something ...

People were suckered in by the high interest rates, glossy pictures and stylish salespeople who looked the part of bank executives ...

Alas most people are easily fooled by appearances.


Have you ever ran a business..? Ever tried entrepreneurship? A kiosk? sold Mandazis?


Have you ever thought critically and intelligently?

Your responses on this matter have been to try your best to stifle conversations about Cytonn which has brought huge losses to many Kenyans who were duped into buying into a high risk venture without fully understanding the risks. Now many are depressed and suicidal.

Talking about kiosks and mandazis is not the level of conversation expected in Wazua.


Do you even know what is happening or you just dive into PK's KoolAId?

Do you know what business CHYS was investing in to give the said returns?


Chase bank, imperial bank and nakumatt to name just a few of the amateur investments made by “expert analysts” at scamtonn.
paulkimani
#1270 Posted : Wednesday, August 25, 2021 6:25:11 PM
Rank: Member


Joined: 1/19/2016
Posts: 204
Asante Sana to my supporters here. Appreciated
My 2 cents
#1271 Posted : Wednesday, August 25, 2021 6:50:29 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,059
One's got to feel sorry for the Cytonnaires. If you invest long enough you will know that anyone offering you the rates that they were promising is a scammer.
KulaRaha
#1272 Posted : Monday, August 30, 2021 9:48:51 AM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
I wonder how the SBM loan is performing? It was in 2019 for 3 years.
Business opportunities are like buses,there's always another one coming
muganda
#1273 Posted : Monday, August 30, 2021 11:31:20 AM
Rank: Elder


Joined: 9/15/2006
Posts: 3,901
Pain caused needs to be shared. Can't believe the Cytonnaires have not yet replaced Cytonn as the fund manager. Unless Cytonn revenue is directly affected, pain is not aligned.
tony stark
#1274 Posted : Tuesday, August 31, 2021 10:29:36 AM
Rank: Veteran


Joined: 7/8/2008
Posts: 947
muganda wrote:
Pain caused needs to be shared. Can't believe the Cytonnaires have not yet replaced Cytonn as the fund manager. Unless Cytonn revenue is directly affected, pain is not aligned.


But how many Cytonnaires are there in the CHYS?? Probably less than 5000. But the largest capital is mainly held by a few so less than 100 people probably held by 60-80% of the fund.

The Cytonn contract is actually very solid and this risk is in the contract. The few cytonnaires who went to court just wasted money .... all this is in the contract.

There is noise and signal. Noise is PK and wazua noisemakers. The signal is that underlying assest actually exist and the people who want to convert funds to property can actually do that. The challenge is that the noisemakers don't have enough to change their funds to property.

If you have the funds, do you really want an apartment in Alma? I would rather roll the dice on compounding of my investment and see where it lands me when the economy recovers than convert it to an apartment that I have to manage. Waste of time.

Separate the noise from the signal and you will see why the cytonnaires are not making noise.

tony stark
#1275 Posted : Tuesday, August 31, 2021 11:42:19 AM
Rank: Veteran


Joined: 7/8/2008
Posts: 947
poundfoolish wrote:
My 2 cents wrote:
“Chema chajiuza, kibaya chajitembeza – A good thing sells, a bad thing advertises.”

An old age adage.The adverstising was very aggressive. Selling dreams, smokes and mirrors.


Like Coca Cola, Safaricom, Equity and so on and so forth?



Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

Poundfoolish people don't realize they are pawns in the rule of 7 for marketing. But I agree with my 2 cents in that if he wasn't being convinced they the cytonn ads then they probably need to change their marketing strategy because it didn't seem to land with My2 cents. You know My 2 cents is the most important customer Cytonn can have!
mv_ufanisi
#1276 Posted : Tuesday, August 31, 2021 3:08:19 PM
Rank: Member


Joined: 1/15/2010
Posts: 625
tony stark wrote:
poundfoolish wrote:
My 2 cents wrote:
“Chema chajiuza, kibaya chajitembeza – A good thing sells, a bad thing advertises.”

An old age adage.The adverstising was very aggressive. Selling dreams, smokes and mirrors.


Like Coca Cola, Safaricom, Equity and so on and so forth?



Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

Poundfoolish people don't realize they are pawns in the rule of 7 for marketing. But I agree with my 2 cents in that if he wasn't being convinced they the cytonn ads then they probably need to change their marketing strategy because it didn't seem to land with My2 cents. You know My 2 cents is the most important customer Cytonn can have!


haha, Cytonn is NO Coca Cola, Safaricom, Equity and so on and so forth.

and a Cytonnaire is No millionaire or billionaire or trillionaire.

a Cytonnaire is a person who can't trace their money after expecting 18% interest rates.

winmak
#1277 Posted : Wednesday, September 01, 2021 9:17:45 AM
Rank: Member


Joined: 12/1/2007
Posts: 537
Location: Nakuru
mv_ufanisi wrote:
tony stark wrote:
poundfoolish wrote:
My 2 cents wrote:
“Chema chajiuza, kibaya chajitembeza – A good thing sells, a bad thing advertises.”

An old age adage.The adverstising was very aggressive. Selling dreams, smokes and mirrors.


Like Coca Cola, Safaricom, Equity and so on and so forth?



Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

Poundfoolish people don't realize they are pawns in the rule of 7 for marketing. But I agree with my 2 cents in that if he wasn't being convinced they the cytonn ads then they probably need to change their marketing strategy because it didn't seem to land with My2 cents. You know My 2 cents is the most important customer Cytonn can have!


haha, Cytonn is NO Coca Cola, Safaricom, Equity and so on and so forth.

and a Cytonnaire is No millionaire or billionaire or trillionaire.

a Cytonnaire is a person who can't trace their money after expecting 18% interest rates.



Wah Laughing out loudly Laughing out loudly Laughing out loudly , surely @mv be nice...
For investors as a whole, returns decrease as motion increases ~ WB
KulaRaha
#1278 Posted : Wednesday, September 01, 2021 11:16:09 AM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
mv_ufanisi wrote:
tony stark wrote:
poundfoolish wrote:
My 2 cents wrote:
“Chema chajiuza, kibaya chajitembeza – A good thing sells, a bad thing advertises.”

An old age adage.The adverstising was very aggressive. Selling dreams, smokes and mirrors.


Like Coca Cola, Safaricom, Equity and so on and so forth?



Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

Poundfoolish people don't realize they are pawns in the rule of 7 for marketing. But I agree with my 2 cents in that if he wasn't being convinced they the cytonn ads then they probably need to change their marketing strategy because it didn't seem to land with My2 cents. You know My 2 cents is the most important customer Cytonn can have!


haha, Cytonn is NO Coca Cola, Safaricom, Equity and so on and so forth.

and a Cytonnaire is No millionaire or billionaire or trillionaire.

a Cytonnaire is a person who can't trace their money after expecting 18% interest rates.



Brutal Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Business opportunities are like buses,there's always another one coming
muganda
#1279 Posted : Thursday, September 02, 2021 10:14:32 AM
Rank: Elder


Joined: 9/15/2006
Posts: 3,901
tony stark wrote:
muganda wrote:
Pain caused needs to be shared. Can't believe the Cytonnaires have not yet replaced Cytonn as the fund manager. Unless Cytonn revenue is directly affected, pain is not aligned.


But how many Cytonnaires are there in the CHYS?? Probably less than 5000. But the largest capital is mainly held by a few so less than 100 people probably held by 60-80% of the fund.

The Cytonn contract is actually very solid and this risk is in the contract. The few cytonnaires who went to court just wasted money .... all this is in the contract.

There is noise and signal. Noise is PK and wazua noisemakers. The signal is that underlying assest actually exist and the people who want to convert funds to property can actually do that. The challenge is that the noisemakers don't have enough to change their funds to property.

If you have the funds, do you really want an apartment in Alma? I would rather roll the dice on compounding of my investment and see where it lands me when the economy recovers than convert it to an apartment that I have to manage. Waste of time.

Separate the noise from the signal and you will see why the cytonnaires are not making noise.



I repeat ... Pain caused needs to be shared
Britam knew this hence the capitulation by Dande when he was near police custoday. The title deeds reappeared.

Collective Investment Schemes appoint custodians and licensed fund managers. If CMA or investors were inviting bids from competing fund managers to takeover the defaulting schemes, money would begin to reappear.

Finally, it is dishonest for Cytonn to fail in sale of built 'underlying assets' while foisting them on trapped 'noisemakers' at inflated prices - it reeks of Snake Oiler behaviour Shame on you

My 2 cents
#1280 Posted : Thursday, September 02, 2021 12:06:29 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,059
I understand the need for Cytonnaires to hang onto every thread of hope no matter how small. The realistic ones will chalk their investment to a very expensive life lesson and move on. Even Madoff had some'underlying assets'. The problem is that Cytonn's liabilities are MUCH LARGER than the so called underlying assets.
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