Thread by @jumaf3

Dear people, Cytonn as a brand has NOT been put under administration but the Cytonn High Yield Solutions and Cytonn Project Notes Funds. Here is the ORDER from the court. Very clear. #SokoNews

Thread 👇👇

Now, there is a difference between a product/brand being put under ADMINISTRATION and going into RECEIVERSHIP. Many people tend to confuse the two thinking it is one and the same thing. No. It is not. 👇👇 #SokoNews @CytonnInvest

Administration's primary goal is to help the company pay off their debts, thus, avoiding entering liquidation. Receivership, on the other hand works to realize assets of a company to maximize the benefits of the secured creditors. Kapish? #SokoNews

Therefore, the CHYS & CPN funds offered by @CytonnInvest being placed under court-appointed administration does not mean the whole brand. #SokoNews sokodirectory.com/2021/10/cytonn…

The application for administration was filed by the Chief Executive Officer of Cytonn Group, @ehdande pursuant  to  a resolution by the Board of CHYS investors. #SokoNews sokodirectory.com/2021/10/cytonn…

The administration now gives the funds the room to restructure, recover, and return value to investors. Administration is not liquidation. sokodirectory.com/2021/10/cytonn… #SokoNews

Following the onset of Covid-19, the funds experienced liquidity strains that were further aggravated by negative publicity and sustained regulatory attacks. sokodirectory.com/2021/10/cytonn… #SokoNews

If you have any questions, feel free to reach out to @CytonnInvest for more clarity... Lakini kwanza soma uelewe. ,☺️ sokodirectory.com/2021/10/cytonn… #SokoNews