Tweeps in a state of dubiety following Cassper Nyovest’s R100 million deal with Drip
Majority of South Africans are congratulating Cassper Nyovest on signing a deal with Drip worth R100 million. This is some inspirational news knowing the Doc Shebeleza hit maker rose from nothing to where he is right now.
However, some other people are in a state of dubiety considering not much detail was revealed to the public but only a huge figure which many don’t believe is real. Taking to Twitter Kgopolo Mphela asks some questions concerning the deal and other members of the public come forward with other questions they feel need to be clarified.
“Whats Drip brand’s valuation? What is the investment or partnership structure of the deal? How does Drip guarantee Cassper or his company the set earning? What is Drip’s current profit margins? Did anyone at the press conference get answers to these questions?” the TV host posted.
Tweeps in a state of dubiety following Cassper Nyovest’s R100 million deal with Drip
The comment section is full of question of uncertainty by fans. Some do not believe drip is worth all that money in the first place. Here are some of the comments from the Tweeps who feel the deal lacked transparency:
To be honest, there wasn’t any transparency there. Nothing was really said.
No one from a financial magazine was invited. It was mostly scoop launchers
Something doesn’t add up honestly
Eish I’ve been asking myself alot of questions about this collabo. Atleast there is someone thinking what I’m thinking.
Those were the first questions I had in mind when I first heard this.People forget that when investing in any venture,it’s never about emotions but logic and facts.Drip got no R100m,even if they had,they are not handing it to Family Tree.This stunt may scare potential investors.
Had these exact questions when I heard. And is the value that cass is bringing worth x10 that R100mil? Does cass own merchandise rake in such numbers?
100% misleading Phil. I totally agree with you. I think it’s some form of marketing, I doubt they will disclose the details of the deal agreement.
Tweeps in a state of dubiety following Cassper Nyovest’s R100 million deal with Drip
On the other hand, Cassper Nyovest fans sense some jealousy and are quick to defend their star. Both sides seem to have some god facts to defend their notion. Here are the responses from Cassper’s fans:
I know for example that opening a store, in the locations select by Drip can easily run into millions per store. If he has multiple stores & their all trading well. With good margins. R100m is not far fetched at all as a projection. Especially if he adds more stores.
Can’t we just congratulate in peace mara bo darkie?
Some people will always be negative no matter what
Look how Drip has expanded bro, chill. I think is still going to open 5-6 drip stores in big cities.