Mesh.trade issues preference shares for South African reverse mortgage company Water Financial

Jan

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South African crypto asset platform launches R30-million capital raise

Tokenised financial assets exchange Mesh.trade has announced the launch of a R30-million capital raise — except the money is not a startup funding round for itself.

Mesh is a digital capital market facilitator and it has issued 30,000 "A" preference shares for South African reverse mortgage provider Water Financial, which will pay a monthly dividend of 87% of the prime lending rate.
 
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I hate to ask but is this another Pyramid scheme?

Also you can get better bank interest rates than the prime lending rate.
 
After reading this I wouldn't invest 1c in this scheme.
 
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