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67 Pages«<656667
Cytonn Investments
Queen
#1321 Posted : Saturday, October 09, 2021 10:58:09 AM
Rank: Member


Joined: 11/21/2018
Posts: 489
Location: Britain
sparkly wrote:
Angelica _ann wrote:
sparkly wrote:
sparkly wrote:
sqft wrote:
sparkly wrote:
paulkimani wrote:
Hands down the best apology ever!!
Cytonn tried to gag kenyanwallstreet’s right to free speech. The article just linked 100 other news articles about Cytonns pyramid scheme. Brilliant work by Kenyan Wall Street. What a boss, what an apology!! Cytonn spends more time fighting bloggers than handling projects. Cytonn would have been better off without this apology. BRILLIANT.

https://t.co/CEenSNg5NH?amp=1


“In compliance with the above court order, we have since deleted the stories mentioned in the order to avoid any of our staff feeling threatened and unable to do their job.

It is worth noting that the stories that the company through the court order has asked us to pull down were based on publicly available court documents and have been reported by other media houses as well and some remain available to the public. (The article has linked the news stories from BD, Nation etc)

We will continue to advise our readers and the general public that before they make any investment decision, they should first do their own proper due diligence, even in good faith situations.“



—-

Links provided by Kenyan Wall Street to articles:


Business Daily;
https://www.businessdail...-sh122m-default-2371628

https://www.businessdail...over-sh14m-debt-3224722

https://www.businessdail...ns-in-cash-call-2374156

https://edition.pagesuit...7f07db7f&appid=3420

Daily Nation;
https://nation.africa/ke...-sh122m-default-2371796

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

https://nation.africa/ke...ss-house-cracks-2463786


Standard Media;
https://www.standardmedi...n-wants-cytonn-wound-up

https://www.standardmedi...nvestors-pull-out-funds

https://www.standardmedi...-safety-of-cytonn-funds

https://www.standardmedi...it-fund-cma-tells-court

https://www.standardmedi...tor-over-payments-claim


Citizen TV
Three businessmen sue Cytonn over Ksh.46 million investment


The Star Newspaper;
https://www.the-star.co....over-sh44million-fraud/

https://www.the-star.co....investment-from-cytonn/

https://www.the-star.co....d-sh467-million-refund/

https://www.the-star.co....embroiled-in-court-war/

Others;
https://www.pd.co.ke/bus...estors-escalates-53221/





They have apologized, they have pulled down the story. There is still the matter of damages (cash payment) upon proof of damages by Cytonn.

Keep us posted and try to avoid digging yourself in the same hole. The money you receive to smear Cytonn name will not be enough to pay them damages.


will they also sue all the other media houses who have written all those articles listed above?


I predicted that people would sue. Now @PK is running around reporting how people have sued!

Sparkly wrote:
Whistle blowing on what? You went to Cytonn, you signed an investment CONTRACT with them. If they don't fulfill their end of the bargain, you sue for BREACH of contract. In legal jargon this kind of a suit is called a "personam suit" i.e. you sue a particular person for the breach. This is to say there is nothing like whistle blowing on personal contracts. The most you can do is alert fellow netizens if something dodgy is going on and let everyone carry their burden.


My next predictions:-
1. Cytonn Funds will not survive the run on assets. Pole for the investors.
2. The regulated funds, structured as Collective Investment schemes will face massive loss of capital. People will be lucky to get out 50% of what they invested.
3. The unregulated funds are worse of without ring-fencing and any security. Total write-off is likely.
4. There will be no fraud prosecutions on Cytonn directors.
5. Fund Investors will have no recourse on the real estate projects. There are priority interests on the real estate.


My predictions 7 months ago. Now the high yield fund is under insolvency protection, nobody can sue or get paid without the High Court's approval.


You are dancing on your grave! smile

Anyway this was bound to happen, where is the loudmouth CEO now.


I am not an investor or any other way connected to Cytonn. I am just pointing out how capitalism works.

Insolvency by the way protects the loudmouth CEO not the hapless investors that Paul Kimani fought so hard for.


Either way, Paul Kimani has firmly been vindicated.
My 2 cents
#1322 Posted : Monday, October 11, 2021 10:53:09 AM
Rank: Member


Joined: 6/2/2010
Posts: 692
Aggrieved investors have been planning a major class action suit against Cytonn since mid this year.

This was Dande’s pre-emptive strike. By putting the two funds under voluntary administration, Cytonn is now protected, at least in the short-term, from claims by investors and calls to liquidate other assets to pay off investors and even eventually wind up Cytonn.

He has effectively shielded himself from investors of the troubled funds but can continue running the other parts of Cytonn. You’ve got to give it up to this guy. He spends a lot on legal advice and before the troubles, on marketing.
Angelica _ann
#1323 Posted : Monday, October 11, 2021 1:31:22 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,874
Paul Kimani should show up we congratulate him for a job well done.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
paulkimani
#1324 Posted : Monday, October 11, 2021 6:20:38 PM
Rank: Member


Joined: 1/19/2016
Posts: 194
You are all very kind, thank you. Unfortunately, as “my 2 cents” points out, under administration Cytonn is protected and it’s investors are not. My heart goes out to them.
If I have to say anything, I would hope I convinced even one potential investor to not choose Cytonn.

Please remember Cytonn was started by the Cytonn four - not only Edwin Dande.
The names of the Cytonn four are Edwin Dande, Elizabeth Nkuku, Shiv Arora, and lawyer Patricia Wanjama.


In my past posts, I have spoken about them all including Patricia the lawyer who was under investigation by the legal disciplinary committee at one point. Sadly her father sat on the board of the committee so she was let off.
Shiv Arora the other founder is now CEO of superior homes. We will see the same con/ponzi happen at Superior Homes.

I personally don’t believe Kenyans have learnt yet, and for sure I will get a lot of hate for this post. But I predicted Cytonn in 2015/16 and I guarantee a similar story where we will have grieving investors of Superior homes who, similar to Cytonn, will struggle to pay school fees or put a roof over their families heads - all because of the greed of the Cytonn four.

In the last five years I had try to contact journalists from reputable sources like Nation and Standard, to bloggers like Kahawa and Robert Alai. I was threatened instead of them hearing my story, because they were bribed, so I used this thread as a small way to hopefully help one investor.

Unfortunately this isn’t the end.
sparkly
#1325 Posted : Wednesday, October 13, 2021 1:59:56 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,006
Location: Enk are Nyirobi
paulkimani wrote:
You are all very kind, thank you. Unfortunately, as “my 2 cents” points out, under administration Cytonn is protected and it’s investors are not. My heart goes out to them.
If I have to say anything, I would hope I convinced even one potential investor to not choose Cytonn.

Please remember Cytonn was started by the Cytonn four - not only Edwin Dande.
The names of the Cytonn four are Edwin Dande, Elizabeth Nkuku, Shiv Arora, and lawyer Patricia Wanjama.


In my past posts, I have spoken about them all including Patricia the lawyer who was under investigation by the legal disciplinary committee at one point. Sadly her father sat on the board of the committee so she was let off.
Shiv Arora the other founder is now CEO of superior homes. We will see the same con/ponzi happen at Superior Homes.

I personally don’t believe Kenyans have learnt yet, and for sure I will get a lot of hate for this post. But I predicted Cytonn in 2015/16 and I guarantee a similar story where we will have grieving investors of Superior homes who, similar to Cytonn, will struggle to pay school fees or put a roof over their families heads - all because of the greed of the Cytonn four.

In the last five years I had try to contact journalists from reputable sources like Nation and Standard, to bloggers like Kahawa and Robert Alai. I was threatened instead of them hearing my story, because they were bribed, so I used this thread as a small way to hopefully help one investor.

Unfortunately this isn’t the end.


Hii kitu itakupea stress bure. Go back to living, let people carry their own crosses.
Life is short. Live passionately.
poundfoolish
#1326 Posted : Thursday, October 14, 2021 2:36:19 PM
Rank: Elder


Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
They still want the entire company down.

Seems the next plan is individual character assassinations since Cytonn managed to diversify, and has now curved out CHYS from the other regulated products.

Lets see their next move!!


sparkly wrote:
paulkimani wrote:
You are all very kind, thank you. Unfortunately, as “my 2 cents” points out, under administration Cytonn is protected and it’s investors are not. My heart goes out to them.
If I have to say anything, I would hope I convinced even one potential investor to not choose Cytonn.

Please remember Cytonn was started by the Cytonn four - not only Edwin Dande.
The names of the Cytonn four are Edwin Dande, Elizabeth Nkuku, Shiv Arora, and lawyer Patricia Wanjama.


In my past posts, I have spoken about them all including Patricia the lawyer who was under investigation by the legal disciplinary committee at one point. Sadly her father sat on the board of the committee so she was let off.
Shiv Arora the other founder is now CEO of superior homes. We will see the same con/ponzi happen at Superior Homes.

I personally don’t believe Kenyans have learnt yet, and for sure I will get a lot of hate for this post. But I predicted Cytonn in 2015/16 and I guarantee a similar story where we will have grieving investors of Superior homes who, similar to Cytonn, will struggle to pay school fees or put a roof over their families heads - all because of the greed of the Cytonn four.

In the last five years I had try to contact journalists from reputable sources like Nation and Standard, to bloggers like Kahawa and Robert Alai. I was threatened instead of them hearing my story, because they were bribed, so I used this thread as a small way to hopefully help one investor.

Unfortunately this isn’t the end.


Hii kitu itakupea stress bure. Go back to living, let people carry their own crosses.

My 2 cents
#1327 Posted : Friday, October 22, 2021 9:09:58 AM
Rank: Member


Joined: 6/2/2010
Posts: 692
muganda
#1328 Posted : Friday, October 22, 2021 11:40:50 AM
Rank: Elder


Joined: 9/15/2006
Posts: 3,878
Pain caused needs to be shared.

I aver that if Cytonn's business as a whole reduced by half, a solution would quickly be found for those whose money is in suspense.


poundfoolish
#1329 Posted : Wednesday, December 01, 2021 11:24:10 AM
Rank: Elder


Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
quietly Observing the happenings with the other investment companies that had Real Estate portfolios...

Even while keeping the chunk of the profits and giving investors meager returns, things are still elephant.

Time will tell..
obiero
#1330 Posted : Wednesday, December 01, 2021 8:38:36 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,997
Location: nairobi
poundfoolish wrote:
quietly Observing the happenings with the other investment companies that had Real Estate portfolios...

Even while keeping the chunk of the profits and giving investors meager returns, things are still elephant.

Time will tell..

There are people still invested here? A relationship that starts as an illicit affair seldom lasts. I speak in code
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92; MTN 15,000 ABP 6.45
mkenyan
#1331 Posted : Thursday, December 02, 2021 9:18:09 AM
Rank: Veteran


Joined: 4/1/2009
Posts: 1,874
poundfoolish wrote:
quietly Observing the happenings with the other investment companies that had Real Estate portfolios...

Even while keeping the chunk of the profits and giving investors meager returns, things are still elephant.

Time will tell..

misery loves company
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