Home SK - Stocks, Property, Investment Chamas - Investment Groups BIZ - Small Business Soko - Market Wazua Life About Wazua
SIGN IN REGISTER
Friday, Mar 5, 2021
Groups
To contribute to these and use other features, please register.
LATEST DISCUSSIONS
Safaricom Investment Cooperative [420]
Cytonn Investments [1114]
UNAITAS [1229]
The best sacco to join [160]
Safaricom investment - query [13]
Best Trees for a Tree Forest? [99]
SK Investments Co. still alive? [34]
Banks Loans adjustments after rates drop [2]
Amana Capital [12]
Urithi Housing Sacco [188]
Ekeza savings and credit Sacco [66]
Supermarket Supplies [10]
Pacific Realty ----Daily Nation pages 2&,3 9th ... [5]
stima investment cooperative [140]
Quick credit [2]
 
Forum Jump








Welcome Guest Search | Active Topics | Log In | Register

56 Pages«<5152535455>»
Cytonn Investments
Queen
#1041 Posted : Saturday, December 12, 2020 10:59:41 AM
Rank: Member


Joined: 11/21/2018
Posts: 442
Location: Britain
Balaa wrote:
Kabird wrote:
eco wrote:
The growth of Cytonn Investments within the past one year is phenomenal. This is a company to watch for long-term private equity investors like myself. I am on-board!


Greed kills companies.


Allow me to throw a spanner in the works.

I am just done rereading "The Art of War" and "48 Laws of Power" for the umpteenth time.
I'm wondering about the possibility that there couldn't be a secret hand in Mr Dande's woes. It's no secret that his style has been perceived as abrasive by some, and most likely he must have stepped on some influential people's toes while rubbing them the wrong way.

When feeling slighted, some people will hunt you down until you're toast. (Ref: Law 15 "Crash your enemy totally"; Law 19 "Know who you're dealing with- do not offend the wrong person"; Law 42 "Strike the shepherd and the sheep will scatter")

Retribution??? Settling scores??? Getting even???

C'est la vie - it's the unfortunate reality of life.


This is a subtle admission of a bubble that has finally burst. On this one, its naive to blame third parties for the current predicament Cytonn finds itself in. Simply put, Cytonn management DID NOT have a proper grasp of the main area of their investment which is the Real Estate development.

Real Estate development is more complicated than many people imagine. It's only professionals in that field who properly understand the intricacies involved.

@PaulKimani, to his credit, has all along warned Wazuans that Cytonn is a house built on sand. Instead of people taking heed, some opted to hurl insults in his direction and at his person.

Cytonn was a scam and this thing was always going to end up in premium tears for the gullible and greedy investors.

The elephant in the room was always going to be the unrealistic and hence the unsustainable interest rate promised to investors. The bubble had to burst, and indeed the bubble has ultimately burst.
VituVingiSana
#1042 Posted : Sunday, December 13, 2020 9:08:31 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,410
Location: Nairobi
Balaa wrote:
Kabird wrote:
eco wrote:
The growth of Cytonn Investments within the past one year is phenomenal. This is a company to watch for long-term private equity investors like myself. I am on-board!


Greed kills companies.


Allow me to throw a spanner in the works.

I am just done rereading "The Art of War" and "48 Laws of Power" for the umpteenth time.
I'm wondering about the possibility that there couldn't be a secret hand in Mr Dande's woes. It's no secret that his style has been perceived as abrasive by some, and most likely he must have stepped on some influential people's toes while rubbing them the wrong way.

When feeling slighted, some people will hunt you down until you're toast. (Ref: Law 15 "Crash your enemy totally"; Law 19 "Know who you're dealing with- do not offend the wrong person"; Law 42 "Strike the shepherd and the sheep will scatter")

Retribution??? Settling scores??? Getting even???

C'est la vie - it's the unfortunate reality of life.
I am not an investor in Cytonn nor a detractor. I wish them the best.

IMHO, Dande & Co were overly ambitious and bit off too much. Too many projects, etc. This is not some "Art of War" thing but a cashflow issue. If they can pay off Thogo et al per the original contracts then all will be back to normal.

Bila pesa/cash, they need to sit down and make deals with each investor. Perhaps the best way out remains the investors "buy" an apartment. Some may want cash and not an apartment but mta-do if Cytonn collapses?

Look at ARM. One bank (with the smallest loan) took ARM into receivership. Now the firm was broken up and lots of people from staff to unsecured lenders to creditors to shareholders lost. Even the cash from the sale of ARM TZ was grabbed by GoT/TRA!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Fyatu
#1043 Posted : Sunday, December 13, 2020 7:19:36 PM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,809
Location: Nakuru
VituVingiSana wrote:
I am not an investor in Cytonn nor a detractor. I wish them the best.

IMHO, Dande & Co were overly ambitious and bit off too much. Too many projects, etc. This is not some "Art of War" thing but a cashflow issue. If they can pay off Thogo et al per the original contracts then all will be back to normal.

Bila pesa/cash, they need to sit down and make deals with each investor. Perhaps the best way out remains the investors "buy" an apartment. Some may want cash and not an apartment but mta-do if Cytonn collapses?

Look at ARM. One bank (with the smallest loan) took ARM into receivership. Now the firm was broken up and lots of people from staff to unsecured lenders to creditors to shareholders lost. Even the cash from the sale of ARM TZ was grabbed by GoT/TRA!



Speaking of ARM, why has CMA not de-listed it from NSE?
Dumb money becomes dumb only when it listens to smart money
sqft
#1044 Posted : Thursday, December 17, 2020 7:36:29 PM
Rank: Veteran


Joined: 1/10/2015
Posts: 955
Location: Kenya
Lawyer wants Cytonn, CMA probed over Sh44million fraud



https://www.the-star.co....-over-sh44million-fraud/
Proverbs 13:11 Dishonest money dwindles away, but whoever gathers money little by little makes it grow.
Mike Ock
#1045 Posted : Saturday, December 19, 2020 2:00:22 PM
Rank: Member


Joined: 1/22/2015
Posts: 681
I live next door to the Alma which is probably Cytonn's largest project to date. This project was moving at express speed in the first few years of construction. Everyday the site was full of workers doing their thing the whole day. There was clearly money in the bank to fund all the activity. Now the progress of the project has become very stop-start. Clearly these guys are not as liquid as before. They're scrounging around for money to plough into the business. At this point you have to wonder what the difference is between this and building on your own. Anyway the silver lining is that, slow as the progress may be, this project is now too far along to fail. They will most likely cross the finish line eventually.
paulkimani
#1046 Posted : Wednesday, January 06, 2021 9:49:09 AM
Rank: Member


Joined: 1/19/2016
Posts: 166
Cytonn invites bids for this 4 acre land in Kilimani. They’ve run out of cash kabisa.

Liquidation hearing this month also.

https://kenyanbusinessfe...-prime-land-in-kilimani/
paulkimani
#1047 Posted : Tuesday, February 02, 2021 9:57:50 PM
Rank: Member


Joined: 1/19/2016
Posts: 166
Mike Ock
#1048 Posted : Wednesday, February 03, 2021 12:24:39 PM
Rank: Member


Joined: 1/22/2015
Posts: 681
paulkimani wrote:


The figures are off in that article. I don't think Cytonn's high yield product ever had more than 100m AUM. People were suspicious of that thing.
Angelica _ann
#1049 Posted : Wednesday, February 03, 2021 12:41:05 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,821
paulkimani wrote:
[quote=aemathenge]21 Njaanuary 2021 is not very far away.

See you in Court.

And May The Best Lawyer Win.



Instead of worrying about the best lawyer winning and making it a game, maybe us Kenyans can start having some compassion for our innocent friends like Mr Thogo below, a farmer, who trusted Cytonn with his hard earned savings.
The truth is he will probably never see that money again, and the four founders of Cytonn will be rolling in cash, while Mr Thogo struggles to survive. God bless him and may he win. Let us have compassion for our fellow men, rather than side with common thieves.


“Mr Thogo also wants the outstanding amount, together with interest and the cost of the insolvency petition granted to him and paid out of Cytonn’s assets.

Mr Thogo adds that all his phone calls to various representatives of the company are met with different stories, which take him round in circles with no real intention of settling the matter.”

https://nation.africa/ke...over-sh14m-debt-3224664[/quote]

So how did the winding up petition go? smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
sparkly
#1050 Posted : Wednesday, February 03, 2021 4:24:19 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,945
Location: Enk are Nyirobi
Angelica _ann wrote:
paulkimani wrote:
[quote=aemathenge]21 Njaanuary 2021 is not very far away.

See you in Court.

And May The Best Lawyer Win.



Instead of worrying about the best lawyer winning and making it a game, maybe us Kenyans can start having some compassion for our innocent friends like Mr Thogo below, a farmer, who trusted Cytonn with his hard earned savings.
The truth is he will probably never see that money again, and the four founders of Cytonn will be rolling in cash, while Mr Thogo struggles to survive. God bless him and may he win. Let us have compassion for our fellow men, rather than side with common thieves.


“Mr Thogo also wants the outstanding amount, together with interest and the cost of the insolvency petition granted to him and paid out of Cytonn’s assets.

Mr Thogo adds that all his phone calls to various representatives of the company are met with different stories, which take him round in circles with no real intention of settling the matter.”

https://nation.africa/ke...over-sh14m-debt-3224664[/quote]

So how did the winding up petition go? smile


Let @PaulKimani enjoy his dancing on Cytonn's grave
Life is short. Live passionately.
Fyatu
#1051 Posted : Wednesday, February 03, 2021 8:15:54 PM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,809
Location: Nakuru
poundfoolish
#1052 Posted : Thursday, February 04, 2021 8:53:54 AM
Rank: Elder


Joined: 12/2/2009
Posts: 2,423
Location: Nairobi


With top management changes at the rival company,We hope @paulkimani and the rest of the paid noisemakers will have their last cheque and exit the scene quietly.
KulaRaha
#1053 Posted : Thursday, February 04, 2021 10:52:32 AM
Rank: Elder


Joined: 7/26/2007
Posts: 6,496
poundfoolish wrote:

With top management changes at the rival company,We hope @paulkimani and the rest of the paid noisemakers will have their last cheque and exit the scene quietly.


Has @paulkimani ever been paid his money?

Money talks, b*llsh*t walks.
Business opportunities are like buses,there's always another one coming
sparkly
#1054 Posted : Thursday, February 04, 2021 9:02:08 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,945
Location: Enk are Nyirobi
People are being sued

https://m.facebook.com/s...&ref=content_filter


Life is short. Live passionately.
paulkimani
#1055 Posted : Monday, February 08, 2021 10:56:23 AM
Rank: Member


Joined: 1/19/2016
Posts: 166
People are being SUED by CYTONN for writing on social media that they have not been paid.

Investors have not been paid and yet a company is trying to silence them.
Our constitution allows for free speech. Cytonn is trying to stop an investor having the right to freedom of speech. Let that sink in.

Cytonn is using a baseless legal tactic to try stall attention away from
The Fact they have not paid clients. This suit will not hold in a court of law.

A QUOTE:
‘Cytonn Investments has chosen to sue a Kenyan pilot after he chose to vent his frustrations with the company on his social media pages over their failure to commit to refund his investments with the firm running into millions of shillings. Do you think Cytonn has any moral justifications to do this?This case should be very interesting for would be investors in Kenya’, Jaybee Matheka posted on his Facebook page.“

Link: https://kenyanmarketinte...plights-on-social-media/
aemathenge
#1056 Posted : Monday, February 08, 2021 11:40:07 AM
Rank: Elder


Joined: 10/18/2008
Posts: 3,391
Location: Kerugoya
[quote=paulkimani]People are being SUED by CYTONN for writing on social media that they have not been paid.

Investors have not been paid and yet a company is trying to silence them.
Our constitution allows for free speech. Cytonn is trying to stop an investor having the right to freedom of speech. Let that sink in.

Cytonn is using a baseless legal tactic to try stall attention away from
The Fact they have not paid clients. This suit will not hold in a court of law.

A QUOTE:
‘Cytonn Investments has chosen to sue a Kenyan pilot after he chose to vent his frustrations with the company on his social media pages over their failure to commit to refund his investments with the firm running into millions of shillings. Do you think Cytonn has any moral justifications to do this?This case should be very interesting for would be investors in Kenya’, Jaybee Matheka posted on his Facebook page.“

Link: https://kenyanmarketinte...lights-on-social-media/[/quote]

21 Njaanuary 2021 is long gone.

What become of THAT Court Case?

Pray do tell.
paulkimani
#1057 Posted : Monday, February 08, 2021 11:43:35 AM
Rank: Member


Joined: 1/19/2016
Posts: 166
“ The regulator expressed its concern that Cytonn High Yield Solutions (CHYS), one of the funds managed by the firm and debt security raised from investors dubbed Cytonn Project Notes pose risks to investing public.”


Even when the regulator has warned the public time and time again that Cytonn is a risk, you prefer to believe a Facebook status from the CEO of the risky company who is throwing a hissy fit that his client told everyone they are a risk on social media Hahaha
paulkimani
#1058 Posted : Monday, February 08, 2021 11:44:52 AM
Rank: Member


Joined: 1/19/2016
Posts: 166
Find out yourself, I’m not your servant smile


aemathenge wrote:
[quote=paulkimani]People are being SUED by CYTONN for writing on social media that they have not been paid.

Investors have not been paid and yet a company is trying to silence them.
Our constitution allows for free speech. Cytonn is trying to stop an investor having the right to freedom of speech. Let that sink in.

Cytonn is using a baseless legal tactic to try stall attention away from
The Fact they have not paid clients. This suit will not hold in a court of law.

A QUOTE:
‘Cytonn Investments has chosen to sue a Kenyan pilot after he chose to vent his frustrations with the company on his social media pages over their failure to commit to refund his investments with the firm running into millions of shillings. Do you think Cytonn has any moral justifications to do this?This case should be very interesting for would be investors in Kenya’, Jaybee Matheka posted on his Facebook page.“

Link: https://kenyanmarketinte...lights-on-social-media/[/quote]

21 Njaanuary 2021 is long gone.

What become of THAT Court Case?

Pray do tell.


aemathenge
#1059 Posted : Monday, February 08, 2021 12:55:54 PM
Rank: Elder


Joined: 10/18/2008
Posts: 3,391
Location: Kerugoya
paulkimani wrote:
Find out yourself, I’m not your servant smile


The fun part is that I don't need to.

You would be screaming from the Mountain top for all the universe and the galaxy to hear had Cytonn, in any way, "lost".
BGL
#1060 Posted : Monday, February 08, 2021 4:04:02 PM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,215
paulkimani wrote:
“ The regulator expressed its concern that Cytonn High Yield Solutions (CHYS), one of the funds managed by the firm and debt security raised from investors dubbed Cytonn Project Notes pose risks to investing public.”


Even when the regulator has warned the public time and time again that Cytonn is a risk, you prefer to believe a Facebook status from the CEO of the risky company who is throwing a hissy fit that his client told everyone they are a risk on social media Hahaha



Cytonn should also sue you for bursting our eardrums with your hypotheses on cytonn!
I suppose Wazua will put a strong defense team to advance your agenda.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
Users browsing this topic
Guest (4)
56 Pages«<5152535455>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Home | . .. Investor | .. . Groups | .. . SME | . . . Market | .. . Club SK | . ..... About Wazua | . .. Search | . ..Sitemap | . ..Support | . ..Disclaimer | . ..Privacy Policy | . ..Terms of Use | . .. Contact Us
Copyright © 2021 Wazua.co.ke. All Rights Reserved.