Innocent investors just want to be paid, many causing conflict are enemies and have nothing to lose-Teks Global fires back
By Wilson Musa
The value chain service company has responded to worries from investors over nonpayment of profits, confirming that they cannot pay investors at the moment because “investment went into these productions and we plead for patience and support from the investors.” The CEO, Samuel Teke told CNA in a message delivered by the Deputy Marketing Director, Mbiakop Yvette.
The early Sunday “Right to Respond”, following an article https://cameroonnewsagency.com/is-teks-global-value-chain-company-another-investment-scam/ published by CNA on April 30, 2022, came in two-fold. First from the CEO and second from the management.
The CEO said the company investors had been used to weekly withdrawals but since the company has gone into long-term projects, that is no longer possible. “Teksglobal has released a line of products into the market. They’re presently on sale. Strategies are ongoing for the promotion of these products…Some of these products are the Teks chocolate and bar, our liquid pepper, bell pepper, and Catfish (dried and fresh). We’re an agricultural company we get money from these sales.” He said in his response.
According to the CEO of Teks Global, those complaining do not understand the true meaning of investment and patience, however, he acknowledges that there had been a projection date for payments that failed to take place. But despite these, hiccups, Teks Global’s founder, boasts that some people are still “Some people understand, trust, believe and still willingly stand for the vision”
The second message from the management said they have never had a court case, insisting that the company is not the CEO.
“Yes, there was mismanagement of which the entire top management has been replaced with a new team. We acknowledge that Teksglobal is facing a crisis as every other legit business in the world. We stand our ground and are facing the responsibility together as a team. Our CEO is still on the seat, all branches operational all over the country.” A message from management said.
“Innocent investors just want to be paid and are understanding. But we have noticed that many causing the conflicts are enemies of the vision bearer and those who have nothing to lose.” Part of the message read.
An investor who is yet to receive profits questioned why the company has not been able to reveal to hundredths and in all transparency, how much is in the company’s coffers, how much the assets are worth, the debts without Return On Investment, monthly income, among others.
“If the company was sincere, they would have given us at least the following basic information. Can A+B pay C? If not, then how long will it take A+B+D to pay C? But they are not telling us anything” Miguele Delor, said.
