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.

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.

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!!

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.

There are people still invested here? A relationship that starts as an illicit affair seldom lasts. I speak in code

https://www.businessdail...nn-3636782?view=htmlamp

CMA wins round one in battle with Cytonn

“Cytonn is using the court process in order to get preferential treatment” Hassan of CMA said.
Cytonn said it had pumped Sh96 million and may trigger its collapse.“

So, Edwin H. Ndande will have a public conversation on Twitter hosted by Mawingo Capital.

I shall expect you all to rain questions on him.

Link: https://twitter.com/Mwan...tus/1485946290668294146

Im among the lucky cytonnaires who enjoyed the 18% returns for 2 yrs and fully recovered my capital in Jan 2020.However,I have just come across information which makes me think that cytonn was indeed a pyramid scheme.

Pole Horton,you might never recover your cash