An interesting read: Cytonn has gone public :-|

[system]

This is another of their projects called The Alma in Ruaka.

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[Abba]

How is their cash flow, what have they sold or selling and what are they buying or bought to maintain steady stream of flowing cash?

[sani]

this is an exit strategy for them, wacha watu waingie wakamuliwe pia

[DeliciousShiko]

@Okiya

This is one of their projects. Amara Ridge in Karen. The houses are 100% fully sold. 1 unit goes for Kshs 95million when you pay cash.

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So cute I can’t wait to see how they will look when finished

[marine1]

Its all smiles and cheers till the music stops

[DeliciousShiko]

@Abba

How is their cash flow, what have they sold or selling and what are they buying or bought to maintain steady stream of flowing cash?

Its an investment company so you give them money they build Eg malls, real estate .Then make you profits equivalent to how much you invested in

[Abba]

@DeliciousShiko

Its an investment company so you give them money they build Eg malls, real estate .Then make you profits equivalent to how much you invested in

kuna nyumba ama mall ambayo wameuuza since they started? where are all these profits to payback investors 19% coming from kama sio manyumba hey are selling?

[DeliciousShiko]

@Abba

kuna nyumba ama mall ambayo wameuuza since they started? where are all these profits to payback investors 19% coming from kama sio manyumba hey are selling?

Waa venye wanamob for nyumba ni uncountable

[marine1]

@DeliciousShiko

Waa venye wanamob for mall “2rivers” ni yao .nyumba ni uncountable

U mean centum ama?

[DeliciousShiko]

@marine1

U mean centum ama?

Ooooh yeah it’s centum but cytonn has dope real estate as well like taraji heights

[Abba]

@DeliciousShiko

Waa venye wanamob for nyumba ni uncountable

Have they sold any one of them

[system]

@Abba

Have they sold any one of them

Yes. si hapo juu nimeandika nyumba zao za Karen are 100% sold out even before ziishe.

[system]

@The.Black.Templar

not bad! @Okiya is such a return guarenteed ama wanaweza kuruka

Here lies the answer to your question

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[system]

@sani

this is an exit strategy for them, wacha watu waingie wakamuliwe pia

This is during the ground breaking of their Karen homes in 2015.

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And this announcement happened in March 2017.

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Do you think the Finnish ambassador to Kenya and a Finnish listed company can involve themselves with a pyramid scheme as you claim? The burden of proof lies with you. Bring evidence to support your insinuations

[Falafulani]

I know they have money to build the apartments and houses but the question is will they get people to buy them? Already there is a slowdown in high end real estate. How will they sell the properties?

[The.Black.Templar]

I have talked to them. Its actually not a bad offer, na kama unaogapoea pesa yako they have a one month facility, also 3 months, 6 months and one year

[sani]

@Okiya

This is during the ground breaking of their Karen homes in 2015.

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And this announcement happened in March 2017.

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Do you think the Finnish ambassador to Kenya and a Finnish listed company can involve themselves with a pyramid scheme as you claim? The burden of proof lies with you. Bring evidence to support your insinuations

nobody said its a pyramid scheme. the Finnish ambassador is there to give them credibility, which cytonn lacks, having founded their business on deceit. in Kenya we use men of God in FEP for credibility purposes. The founders are making money, big money,

[Susskid]

@babamary

Cytonn is a pyramid scheme. Its a question of when not if it will go under. Yes they have received funding and investments from PE firms and private investors but lets ask ourselves this question. At the current rate which investment gives you 18% interest p.a. even the t-bills and bonds are not at that percentage. Basically they can keep up paying all these interests to members by bringing in new members everyday. If just 30% of the investors decide to withdraw, the house of cards will tumble. My advise: if you have a million put it their in the short term and renew every 3 to 6 months. Anything long term you will get burned.

Hizi majina Cytonn/Cytonnare hukaa pyramid schemish na suspicious.

[SnazzyKenyan]

Saasaaaaa…

[GERALD9949]

@Okiya

Wewe when you realize that you are the one bringing all business to your employer, wouldn’t you go form your own similar company and move the business there?

I thought the exact same thing when the Britam guys jumped ship. I have seen prime plots in my area in Westlands owned by Cytonn, So I think these guys are legit