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Episode 44: Cytonn CEO on the Court's Ruling
Description
In this episode, we host Cytonn Investments’ CEO, Edwin Dande, to discuss the court’s recent liquidation and preservation orders on the CHYS and CPN funds. We also cover real estate project financing and the order of cashflows, what went wrong with their model, and the options available to investors going forward.
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Show Notes
00:00:00 Introduction
00:00:23 Overview of Cytonn’s Current Status
00:01:50 Court’s Decision on CHYS and CPN Funds
00:05:21 Cytonn’s Response to the Decision
00:08:48 Liquidation vs Restructuring
00:11:51 Project Financiers and Order of Cashflows
00:17:29 What Went Wrong?
00:21:19 Inspiration for Cytonn’s Real Estate Projects
00:23:03 Message to Investors and Way Forward
00:29:23 Closing Thoughts
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