The embattled Chief Executive Officer (CEO) of Menzgold, Nana Appiah Mensah (NAM 1) on Monday made reference to media reports that some customers lost their lives as a result of their locked up investments, calling for a minute silence for the customers of the company who died as a result of the problems that bedevilled the gold dealership firm.
‘’Humbly, let us stand up and observe a minutes for the departed souls of which include our departed customers, Willie Roi. May their souls rest in peace’’, he stated.
He further listed a number of innovative companies worldwide who have also faced similar circumstances but came out tops.
‘’ As we have publicly demonstrated, we are open to fair supervision and are opposed to no supervision, misconceived supervision or supervision with malicious intents, respectfully. The founders of PayPal; Elon Musk and co.; set out to create a new internet currency to replace the US Dollar, Facebook’s Mark Zuckerberg’s first product was designed to only get his classmates signed up, not the earth’s population, Travis Kalanick and Garrett Camp’s Uber, started only to supplement the taxi fleet in San Francisco, Brian Chesky, Joe and Nathan started Airbnb as a means to rent out an unused space in their abode to get income to supplement a deficit for a pending event, Evan Spiegel, Bobby and Reggie started what came to be known today as SnapChat, as sending naughty disappearing fun photos when they were all student at Stanford University.
America’s media called it a “sexting app”, Jeff Bezos started Amazon as a digital bookstore in a garage, was heckled by the big players in the books retailing business, Jack Ma fought through and achieved Alibaba in China and the list goes on. All of these innovative breakthroughs had regulatory questions, suffered bad press. Uber and Airbnb particularly have suffered global protests, Travis Kalanick; founder and first CEO of Uber especially, fought many regulatory and legal battles’’ he stated.
‘’Today, these great Innovative Companies are pillars of the great Silicon Valley, receiving global tributes for the United States of America. These are just symptoms of disruptive business ideas. Menzgold is today characterized by same traits and I have no doubt in mind that, our company is on the path to greatness and global prominence’’ he added.
He however said, Menzgold is a reputable firm with five (5) years enviable record. The regulatory questions raised by Securities and Exchange Commission (SEC) and the Bank of Ghana (BoG) were questions of statutory interpretation.
By: Bridget Mensah