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Foutain Investment club
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erifloss
#21 Posted : Thursday, March 17, 2011 9:22:39 AM
Rank: Member

Joined: 6/21/2010
Posts: 514
Location: Nairobi
@innairobi, when buying into a company as an ordinary shareholder i either look at the company's net assets(net of liabilities), DCF, NPV of ongoing projects, projected future profits on ongoing business activities & growth prospects based on the same. I see non of this with your purpoted firm i.e. no business activities to prospect on that are providing cashflows, no activities to pin growth on, strategies & time frame on how to get the various licences(it took equity 20 yrs to get a banking licence), no assets to assist in providing income apart from the 'members' money' & 'sacco' . It's being called a holding company with subsidiaries with no biz activities. Simply said i'd call it a formalised ponzi scheme Madoff style.
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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Pablo
#22 Posted : Thursday, March 17, 2011 9:26:23 AM
Rank: Member

Joined: 3/17/2008
Posts: 567
Location: Nairobi

2 Falacies in the above presumption by @innairobi

1. On October 2013 - They say youll have 1M shares worth 1/- each. When they do a private placement the shares will each be worth 10/- overnight. - The value of a company does not depend on who its being sold to. The assumption is that all potential buyers are reasonable.

2. Same in 2016 the share rise x10 overnight when they are doing an IPO. Same logic as above.

Out of the x500 growth they promise, a x100 rise is not justifiable. What is justifiable is a x5 growth which in 5 years is pretty good. x500 growth is wishfull thinking.
My 2 cents.
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Tommy
#23 Posted : Thursday, March 17, 2011 9:53:25 AM
Rank: Veteran

Joined: 12/9/2010
Posts: 894
Location: Nairobi
erifloss wrote:
@innairobi, when buying into a company as an ordinary shareholder i either look at the company's net assets(net of liabilities), DCF, NPV of ongoing projects, projected future profits on ongoing business activities & growth prospects based on the same. I see non of this with your purpoted firm i.e. no business activities to prospect on that are providing cashflows, no activities to pin growth on, strategies & time frame on how to get the various licences(it took equity 20 yrs to get a banking licence), no assets to assist in providing income apart from the 'members' money' & 'sacco' . It's being called a holding company with subsidiaries with no biz activities. Simply said i'd call it a formalised ponzi scheme Madoff style.

@erifloss, i concur. u have stripped naked this boon/sham
Don't wait for the Last Judgment. It happens every day. ~Albert Camus, The Fall, 1956
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innairobi
#24 Posted : Thursday, March 17, 2011 11:28:14 AM
Rank: Member

Joined: 9/2/2010
Posts: 845
Dont beat the messenger. My only insertion there was the statement "Fountain Group is moving into Banking?". Was bouncing it off the forum as an FYI and to get your thoughts. I am not a member of Fountain. Maybe @aemathenge can shed more light on their ambitious projections. I agree with the general view thus far. I would also add that the email does not meet the threshold of professional communication for an organization speaking in billions of shillings. It sounds ponziiiish. Hiyo tu.
All my friends are heathens, take it slow. Wait for them to ask you who you know. Please don't make any sudden moves.
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The Merchant
#25 Posted : Wednesday, May 11, 2011 4:07:20 PM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
The idea is quite good, ditto the enthusiasm. Achievable, maybe but 50,000% seems ponzyish at worst and naive at best.....
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nduts
#26 Posted : Saturday, July 30, 2011 1:19:05 PM
Rank: Hello

Joined: 7/30/2011
Posts: 1
Tommy wrote:
erifloss wrote:
@innairobi, when buying into a company as an ordinary shareholder i either look at the company's net assets(net of liabilities), DCF, NPV of ongoing projects, projected future profits on ongoing business activities & growth prospects based on the same. I see non of this with your purpoted firm i.e. no business activities to prospect on that are providing cashflows, no activities to pin growth on, strategies & time frame on how to get the various licences(it took equity 20 yrs to get a banking licence), no assets to assist in providing income apart from the 'members' money' & 'sacco' . It's being called a holding company with subsidiaries with no biz activities. Simply said i'd call it a formalised ponzi scheme Madoff style.

@erifloss, i concur. u have stripped naked this boon/sham


=================================================
How do I differentiate FOUNTAIN ENTERPRISES PROGRAMME(FEP)from the previous PYRAMID SCHEMES.Why has it come with alot of force especially mashambani and almost election time?just like DECI?
Think
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Mtu Biz
#27 Posted : Friday, September 23, 2011 8:04:40 AM
Rank: Veteran

Joined: 1/16/2007
Posts: 1,320
erifloss wrote:
@innairobi, when buying into a company as an ordinary shareholder i either look at the company's net assets(net of liabilities), DCF, NPV of ongoing projects, projected future profits on ongoing business activities & growth prospects based on the same. I see non of this with your purpoted firm i.e. no business activities to prospect on that are providing cashflows, no activities to pin growth on, strategies & time frame on how to get the various licences(it took equity 20 yrs to get a banking licence), no assets to assist in providing income apart from the 'members' money' & 'sacco' . It's being called a holding company with subsidiaries with no biz activities. Simply said i'd call it a formalised ponzi scheme Madoff style.


Umenena. Hii ni ponzi kabisa.

Confirmed after seeing this..

http://www.youtube.com/watch?v=Na-0EtrKtTg

Smoke and mirrors tupu.


Sola Scriptura
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aemathenge
#28 Posted : Wednesday, November 30, 2011 2:52:17 PM
Rank: Elder

Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
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Kwanini
#29 Posted : Wednesday, November 30, 2011 4:40:13 PM
Rank: Member

Joined: 1/28/2009
Posts: 353
Location: Cloud
is Deci spelt the same way as Sasanet? How about Ponzi ?
"For i am the master and the captain of my fate"
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fantony
#30 Posted : Wednesday, March 07, 2012 1:06:26 AM
Rank: Member

Joined: 11/6/2006
Posts: 276
these guys are smart and with the idea and the money.. of course i would ask to have a look at a books before i invest.. the only thing i do not like is their headquarters location.. it is too posh.. but from seeing where they are holding meetings i have an inkling they are really interested in a base from a particular sub-region/county.. which luckily happens to be where i come from and a disadvantage to who i can call 'andu a ruguru'..

These investment groups and are the way to go... i have seen them work elsewhere..
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