Cytonn ending in premium tears

[RV Pundit]

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https://www.businessdailyafrica.com/bd/markets/capital-markets/pay-defaults-in-sh13-5bn-cytonn-fund-invites-fresh-cma-action-3441392

[Omollo]

Pyramid scheme of sorts

[RV Pundit]

Ponzi

Pyramid scheme of sorts

[Fairandbalanced]

In a Ponzi scheme, the small investor is always left holding the bag. This is a company that was selling million dollar houses in an economy where 75% of the population make less than 25K a month, without stealing, there are very few people in Kenya who can afford a million dollar house.

[Kadudu]

Sad thing is the crooks will get away with it. Only the investors will be left crying. Kenya is a banana republic.

[gout]

Symptom or just a piece of the jigsaw of the crumbling economy amidst a mismanaged covid epidemic.

[RV Pundit]

Yes it seems to be industry wide - esp if you had leveraged or overlevaraged. This time when newbies are culled. Only the old capitalized will survive. The newbies in their worse case scenario never could factor COVID-19 like blow out.

Avoid too much debt. Avoid leverage. Live debt free like yours truly - the last loan I took was 15yrs ago.

If you can delay investment - please do - otherwise credit or debt - you better had a watertight plan before jumping on - it could enslave you for long before you end up loosing everything.

Symptom or just a piece of the jigsaw of the crumbling economy amidst a mismanaged covid epidemic.

[gout]

The 'investors' just like Dande crew seem to have discounted Covid 19 as a passing cloud, no wonder the wailing with the business and tender prospect looking grim. The abductions and extrajudicial craze are definitely economical and are bound to increase.

Dande boy is in deep shit given he has unfinished business with Britam's old money and now this new money is on his neck all over social media where he was building a reputation.

Yes it seems to be industry wide - esp if you had leveraged or overlevaraged. This time when newbies are culled. Only the old capitalized will survive. The newbies in their worse case scenario never could factor COVID-19 like blow out.

Avoid too much debt. Avoid leverage. Live debt free like yours truly - the last loan I took was 15yrs ago.

If you can delay investment - please do - otherwise credit or debt - you better had a watertight plan before jumping on - it could enslave you for long before you end up loosing everything.

Symptom or just a piece of the jigsaw of the crumbling economy amidst a mismanaged covid epidemic.

[RV Pundit]

There is no way that thing will recover. He should file for bankruptcy protection - which is now possible in Kenya. Then liqudiate whatever he can - and pay whoever he can - and run back to the diaspora. But I think he has an even better plan - he is joining politics in his Migori backyard - and will be fine earning Mp salary with AP protection 24-7.His corporate career has ended....damaged brand.

The 'investors' just like Dande crew seem to have discounted Covid 19 as a passing cloud, no wonder the wailing with the business and tender prospect looking grim. The abductions and extrajudicial craze are definitely economical and are bound to increase.

Dande boy is in deep shit given he has unfinished business with Britam's old money and now this new money is on his neck all over social media where he was building a reputation.

[gout]

With some millions for baba he will be home and dry just like Oimeke.

[Fairandbalanced]

Three enemies of progress, leverage, women and liquor. If forced to liquidate, maybe some of us can buy those houses at a discount.

[Kadudu]

Why bring in Baba here? Did he con people using the name of Baba?
The man's victims are most likely coming from the Mt Kenya region.

With some millions for baba he will be home and dry just like Oimeke.

[gout]

Baba owns nomination certificates unless Obado pickpockets some of his constituencies.

Why bring in Baba here? Did he con people using the name of Baba?
The man's victims are most likely coming from the Mt Kenya region.

With some millions for baba he will be home and dry just like Oimeke.