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Rank: Member Joined: 1/19/2016 Posts: 204
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On Netflix there is a documentary called Bad boy Billionaires. One episode is on the SAHARA Group. They took money from the countries poorest of poor - promising them dream returns. At first it was all okay, small farmers got big interest on their minimal investments. Then the company stopped paying and asked them to invest more and more. Cytonn would ask for small amounts from 1000kshs to 1m. At first their 15% promised return (or whatever great return they were promising) came true. Now, as we all know, they aren't giving returns or even the initial investment back and asking investors (who can't even afford to eat as all their money is tied up with scamtonn (aka cytonn)) to buy units or invest more. To this day, SAHARA investors are still waiting to get their initial investment back, even after a court ruling demanded Sahara pay. TEN+ years later, they have not paid. Very eerily similar to Scamtonn - targeting the poor with dream returns and then defaulting knowing full well they are not all regulated products and will get away with stealing money from the poor. https://en.wikipedia.org...war_investor_fraud_case
Ali Baba wrote:poundfoolisquote=Rollout wrote:If Cytonn is indeed a reputable firm, then it should be able to raise money from high networth individuals, global institutions/companies etc.
The fact that Cytonn need to sell assets to raise kshs. 122 million ($1.22 million) is shocking to me.
The fact that Edwin with his Wharton network can't make phone call and pull in $100 million and have to fundraise from middle class Kenyans should be concerning.
If you raise money from Paul Kimani and people in his social class then don't blame them or anyone if they keep calling you on Monday, Wednesday and Friday to check their balance. Legitimate private equity will never pitch to small money investors, in fact most of them set a minimum investment of $1 million and 7 years investment period. I don't know Cytonne model and why they didn't raise money from high networth clients. You clearly dont understand the Cytonn products do you? The CHYS was and is a private product whose entry was 1M with a minimum 5years lock in period. It targets High Net Worth individuals. How idlers on Twitter are whining it is their money is only stuff for movies. Ksh 1m is not necessarily for HNW individuals. Every idiot has such, had it not been for the pandemic [/quote]
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Rank: Elder Joined: 12/2/2009 Posts: 2,458 Location: Nairobi
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" Cytonn would ask for small amounts from 1000kshs..." LIAR!! LIAR!! We can feel the doom in your posts. Previously they used to have this aura of excitement and sting. Probably because you used to do it immediately after receiving your slandering fees. Anyway, back to the liar! liar! CHYS which used to go by another name previously (before CMA hatchet boys asked them to change it)never collected less than 1M bob, later revised to 250K. The initial investment circa 2015, was actually higher than 1M. Investors used to get their money on time and everytime until Covid.And those who felt jittery were assured of an underlying asset in form of a house or houses. Unike the Gakuos which never had any underlying assets. But you wouldn't know what Products Cytonn had or now has.. would you? Son! You got to.. Know when to fold 'em
Know when to walk away
And know when to run paulkimani wrote:On Netflix there is a documentary called Bad boy Billionaires. One episode is on the SAHARA Group. They took money from the countries poorest of poor - promising them dream returns. At first it was all okay, small farmers got big interest on their minimal investments. Then the company stopped paying and asked them to invest more and more. Cytonn would ask for small amounts from 1000kshs to 1m. At first their 15% promised return (or whatever great return they were promising) came true. Now, as we all know, they aren't giving returns or even the initial investment back and asking investors (who can't even afford to eat as all their money is tied up with scamtonn (aka cytonn)) to buy units or invest more. To this day, SAHARA investors are still waiting to get their initial investment back, even after a court ruling demanded Sahara pay. TEN+ years later, they have not paid. Very eerily similar to Scamtonn - targeting the poor with dream returns and then defaulting knowing full well they are not all regulated products and will get away with stealing money from the poor. https://en.wikipedia.org...war_investor_fraud_case
Ali Baba wrote:poundfoolisquote=Rollout wrote:If Cytonn is indeed a reputable firm, then it should be able to raise money from high networth individuals, global institutions/companies etc.
The fact that Cytonn need to sell assets to raise kshs. 122 million ($1.22 million) is shocking to me.
The fact that Edwin with his Wharton network can't make phone call and pull in $100 million and have to fundraise from middle class Kenyans should be concerning.
If you raise money from Paul Kimani and people in his social class then don't blame them or anyone if they keep calling you on Monday, Wednesday and Friday to check their balance. Legitimate private equity will never pitch to small money investors, in fact most of them set a minimum investment of $1 million and 7 years investment period. I don't know Cytonne model and why they didn't raise money from high networth clients. You clearly dont understand the Cytonn products do you? The CHYS was and is a private product whose entry was 1M with a minimum 5years lock in period. It targets High Net Worth individuals. How idlers on Twitter are whining it is their money is only stuff for movies. Ksh 1m is not necessarily for HNW individuals. Every idiot has such, had it not been for the pandemic [/quote]
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Rank: Member Joined: 1/19/2016 Posts: 204
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https://twitter.com/Cyto...296794187585683460?s=20
“Did you know with CPRBS you can start with just Ksh 1000.”https://twitter.com/Enos...357962725775794176?s=20
 “Invest as from as low as 1000
Simply dial *809# or visit http://bit.ly/3j46fAU to open a CMMF account.”Is you had bothered to read my post before you automatically wanted to slander it, you would note I said Cytonn allows investors as low as 1000kshs. I did not specify which of their 100000 Ponzi schemes it was in. But then why would you bother?  Then again.. from your previous post you think “high net worth” individuals are those than can afford kshs 1m   Unfortunately that mentality is the kind both Sahara and Scamtonn (aka Cytonn) targeted poundfoolish wrote:" Cytonn would ask for small amounts from 1000kshs..." LIAR!! LIAR!! We can feel the doom in your posts. Previously they used to have this aura of excitement and sting. Probably because you used to do it immediately after receiving your slandering fees. Anyway, back to the liar! liar! CHYS which used to go by another name previously (before CMA hatchet boys asked them to change it)never collected less than 1M bob, later revised to 250K. The initial investment circa 2015, was actually higher than 1M. Investors used to get their money on time and everytime until Covid.And those who felt jittery were assured of an underlying asset in form of a house or houses. Unike the Gakuos which never had any underlying assets. But you wouldn't know what Products Cytonn had or now has.. would you? Son! You got to.. Know when to fold 'em
Know when to walk away
And know when to run paulkimani wrote:On Netflix there is a documentary called Bad boy Billionaires. One episode is on the SAHARA Group. They took money from the countries poorest of poor - promising them dream returns. At first it was all okay, small farmers got big interest on their minimal investments. Then the company stopped paying and asked them to invest more and more. Cytonn would ask for small amounts from 1000kshs to 1m. At first their 15% promised return (or whatever great return they were promising) came true. Now, as we all know, they aren't giving returns or even the initial investment back and asking investors (who can't even afford to eat as all their money is tied up with scamtonn (aka cytonn)) to buy units or invest more. To this day, SAHARA investors are still waiting to get their initial investment back, even after a court ruling demanded Sahara pay. TEN+ years later, they have not paid. Very eerily similar to Scamtonn - targeting the poor with dream returns and then defaulting knowing full well they are not all regulated products and will get away with stealing money from the poor. https://en.wikipedia.org...war_investor_fraud_case
Ali Baba wrote:poundfoolisquote=Rollout wrote:If Cytonn is indeed a reputable firm, then it should be able to raise money from high networth individuals, global institutions/companies etc.
The fact that Cytonn need to sell assets to raise kshs. 122 million ($1.22 million) is shocking to me.
The fact that Edwin with his Wharton network can't make phone call and pull in $100 million and have to fundraise from middle class Kenyans should be concerning.
If you raise money from Paul Kimani and people in his social class then don't blame them or anyone if they keep calling you on Monday, Wednesday and Friday to check their balance. Legitimate private equity will never pitch to small money investors, in fact most of them set a minimum investment of $1 million and 7 years investment period. I don't know Cytonne model and why they didn't raise money from high networth clients. You clearly dont understand the Cytonn products do you? The CHYS was and is a private product whose entry was 1M with a minimum 5years lock in period. It targets High Net Worth individuals. How idlers on Twitter are whining it is their money is only stuff for movies. Ksh 1m is not necessarily for HNW individuals. Every idiot has such, had it not been for the pandemic [/quote]
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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Out of curiosity @paulkimani, what's your take on Bitcoin?
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Rank: Member Joined: 1/19/2016 Posts: 204
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aemathenge wrote:Out of curiosity @paulkimani, what's your take on Bitcoin? I myself do not yet have enough knowledge on crypto currencies to have a standpoint on any of them.
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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paulkimani wrote:aemathenge wrote:Out of curiosity @paulkimani, what's your take on Bitcoin? I myself do not yet have enough knowledge on crypto currencies to have a standpoint on any of them. Hear, hear.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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aemathenge wrote:paulkimani wrote:aemathenge wrote:Out of curiosity @paulkimani, what's your take on Bitcoin? I myself do not yet have enough knowledge on crypto currencies to have a standpoint on any of them. Hear, hear. If Cytonn starts investing in bitcoin or accepting as payment, @paulkimani will become an overnight expert on bitcoin 🤣🤣 Life is short. Live passionately.
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Rank: Member Joined: 1/19/2016 Posts: 204
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Who didn’t see the above predictable bitterness from sparkly coming.
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Rank: Veteran Joined: 7/8/2008 Posts: 947
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Haiya, Even after all the changes at the Britons and American insurance .. (your employers) they can still afford to pay you to continue with this campaign or is this just pro bono work to show how loyal you are?? I wish you luck and I hope you don't lose your job with the nice insurance company. Good luck bro. The hustle is real! paulkimani wrote:Who didn’t see the above predictable bitterness from sparkly coming.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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paulkimani wrote:Who didn’t see the above predictable bitterness from sparkly coming.
It was meant to be a compliment you twat but it seems you can't even take compliments. Life is short. Live passionately.
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