This is the big story that every Racksterlian out there having an investments with Racksterli should know: your investments are safe and secured, and Racksterli is not in any financial crisis. In fact, Racksterli is financially stronger than ever.
The good news remains: the management of Racksterli has worked their arse out to ensure that there is a solid financial base that the company can stand on in order to withstand any pressure or challenge that may come at her.
The bad news is that several aggrieved Investors have gotten a court injunction to block Racksterli’s Zenith Business account, a scenario that the management of Racksterli has neither confirmed nor denied.
An anonymous voice note that was circulated on social media groups on various Racksterli WhatsApp groups indicate that a whopping sum of N200 Billion was found in Racksterli’s Zenith Business account.
Flowing from this revelation, it means Racksterli has more than enough Money to clear backlogs and pay every Racksterlian in the old website and clear payments in the new Racksterli website.
The voice note, which gained enormous publicity on WhatsApp, was released on Wednesday June 9, 2021 by an anonymous investor.
This voice note was the final piece of the puzzle that helped connect the dots on why Racksterli suddenly stopped operating with Zenith Bank.
It is an open secret that Racksterli operates from two Major Banks: Zenith Bank and Keystone Bank. While Racksterli has majority of its funds in Zenith Bank, Keystone Bank mainly plays a supporting role.
A research into screenshots of payments received by Racksterli investors often indicate that payments mainly came from Zenith Bank and Keystone Bank respectively.
During the Phase 1 of the Double Coupon Package Offer launched on April 19, 2021 Racksterli revealed that every eligible payments must be made into two operational accounts:
Zenith Bank and Keystone Bank.
The company, based on research, continued to make use of both accounts till the Double Coupon Package Offer closed on Friday May 7, 2021.
When the management of Racksterli introduced the Phase 2 of the Double Coupon Package Offer scheme, eligible investors retrieving their accounts from the old website were specifically told to make payments into Keystone Bank.
This new development was the very first clue we needed to affirm that something was going on behind the scene as regards why Racksterli was no longer operating their Zenith Business account.
As long as the system was flowing, investments were rolling into Racksterli and payments were being disbursed daily to eligible investors, it was difficult to observe that the company had issues accessing their Zenith Business account.
The final straw that broke the Carmel’s back came on Monday June 7, 2021 when Racksterli launched the Phase 3 of the Double Coupon Package Offer scheme after closing down the Phase 2 of the same scheme on Friday June 4, 2021.
Coincidentally, this was the last day the management of Racksterli made payments to eligible investors from Keystone Bank, based on the screenshots of payments made available on social media groups.
From June 8, 2021 till the time of writing this report, Racksterli have neither disbursed payments to eligible investors in the new website nor refunded back Capital to investors from the old website.
The most notable thing to to take away from all of these new revelations is that the management of Racksterli has proven to be fighters that will dig deeper enough to weather whatever storms come its way.
The management of Racksterli will definitely fight tooth and nail to ensure that they regain access to their Zenith Business account again.
In a nutshell, investors ought to know that their investments with Racksterli are safe and secured, and remember that Racksterli is not in any financial crisis.
Why can’t he come and address the investors on a live video or something?
All of this is very frustrating. Please, since you’re a blogger try to find out the truth of what is going on. If BG has run away with our money, let’s know 😭😭😭
Thanks for the update is so much appreciated, I urge the CEO to endeavour to calm this storm down and regain the serenity & tranquility within rackfamily world wide, because the atmosphere is clouding with panic. We pledge & embedded our trust on you Oh! RACKSTERLI….
From my own analysis, Racksterli is the caused of her own problems. Why did i said so? If thy are actually financially strong and stable as said by your analysis, then Racksterli should clear all backlogs of investors on old Racksterli 0.1 website and
whatever thing that would create unnecessary tension for the investors should be avoided at all cost. Investors are the real money. Meanwhile, I am an investor on the old website yet to be refunded but, i am still believing and having much trust on Racksterli for even refunding investors cash back as promised.
This is not making any sense at all, because he lies several times in the old Racksterli Establishment . Several promises and he failed to fulfill it, I’m very sure that he doesn’t have enough to refund our capital back from the old platform that’s why he forced everyone to key into the new platform to buy double coupon codes some did it and still yet we haven’t get codes, no refunds . The customer service are very poor the attend to investors as if someone is forcing them to do their job . THE TRUTH IS THAT RACKSTERLI CEO ACTUALLY MADE EVERY OLD RACKSTERLIIANS TO REGRET. EVEN SOME CAN’T AFFORD TO THEIR RENT AND SCHOOL FEES AFTER INVESTING WHAT THEY HAVE HOPING FOR GOOD NEWS, BUT IT ALL NEGATIVES AND BAD ENERGY💔
Nice update thanks Paul🎉
It will all end in tears soon
Your criticism here is highly biased and subjective.
Hmmmmm… Your analysis is vague… You failed to state the reasons that can trigger the investor’s to call for a freeze on the companies account ranging from the CEO’s act of not keeping to his words, also the fact that he promises and does the opposite, not only that he also implements policies like he has no direction… All this and more is enough to cause for a panic from the investor’s… The king of all is that if he truly has the money to pay then why hasn’t he refunded the old subscribers ? Or we can say he is intentionally holding refund of their payment to make them regret or something else, while still promoting double coupon phase 3…
Nice one Paul. Thanks for the update, more strength to your elbow 💪