Greenscape Greenhouses Limited, a smart farming venture in Kenya seems to be entering a hard phase in its okces profitable venture.
The company is now admitting that it can’t pay investors and that they should wait for sometime. Below is the statement from the group Chief executive Peter Muriithi.
RE: DELAYED PAYMENT OF RETURNS ON INVESTMENT
Today we choose openness and accountability to guide our response for live years we have run the greenhouses prt,cel and we lase dutifully paid our uwaton without fail. We have managed to build a reputation and a happy Goldenscape Family of Investors.
The past couple of weeks lave been our lowest ever, geeing that we were not able in pay your insestment returns as per our agreement. for this we sincerely apologize.
Our sincere apologies go out to our fulltime investors who earnestly espec their first returns on investment but have been mer by this unforeseen circumstance, our sincere apologies to you all.
To you our esteemed partners, this setback is not our new normal. It too shall pass and you shall enjoy the great fortunes of Goldenscape Greathouse Ltd. once operations resume normalcy.
For those among our investors who are greatly inconvenienced and are seriously aggrieved by us, please bear with us a little longer. No system however perfect runs seamlessly for over five (5) years. Even the best of than all i.e. Apple Inc. had its operational downtimes and occasionally experiences program and system downtimes, but continues to glow and our business world. Pardon us for this setback is a phase in all successful companies life cycles. Again, our most sincere apologies.
Our internal systems coupled with tough weather patterns the past few months, caused a great setback in our line of business as some crops went bad or were destroyed as as primary or secondary reasons of poor yields and loss of few markets. Nevertheless, we have been able to settle some few investors. Remember, our insurance covers crops and not markets, so the poor market uptake is within our purview.
Towards this end, we have streamlined the infrastructure around our greenhouses and restored confidence our markets, therefore systems will run normally in our blessed year 2020.
As a solution, and to enable us honor our obligation, we have sourced private feds from our overseas shareholders to clear your dues and this is in its final stages.
We plead for a little more of your patience as this is finalized.
It is our commitment that we shall have paid all your dues by 29th February 2020 like we nomnally do, within which period normalcy shall have been reatored in the operations of the greenhouses and new really markets assured for our produce.
‘We assure you that we will work towards ensuring that this will not happen again and that we are taking all the necessary steps to ensure that doesn’t happen like in the last 5 years.
‘We let ourselves down, and more importantly, we let you down and deeply regret it. We would appreciate it if, considering the circumstances and the fact that this is our first infraction in 5 years, you would be willing to give us a grace period to sort things out from our end as we also await external sources of funding.
We reiterate that this company has a lifetime of 50 Years to transform generations through smart farming.
Finally, if there is anything else that we can do to regain your trust or help heal our relationship, please let us know.
‘You are our Dream Team! We make it together. Our offices in Karen, Kimathi house Nairobi, Nyahururu, Lower Kabete and Eldoret shall remain open for further inquiries. Kindly contact the following numbers: 0700 905106.
Again, our most sincere apologies.
Peter Wangai Muriithi
27th Dec 2019
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