It is obvious that John Ray is operating in the “real” World … and the Bahamian approach of not picking up the phone … not answering the door … gone for Lunch … not answering e-mails … the Cheque is in the mail … or calling your Cousin, who just happens to be a Politician, Police Officer, Lawyer, Bank Manager, etc., etc. will not work in the “real” World!
As for the Bahamian Citizens, whose names John Ray will publish shortly, unless they had Central Bank approval, their investments in Crypto were illegal … so if not prosecuted promptly, Exchange Control has at long last finally been effectively abolished thanks to this FTX implosion!
…. leaving aside the political motivations in sabotaging what was heralded as the largest investment ever in the Caribbean … it sure would have been nice to have had all that “cheap” oil in storage, as opposed to now arguing again for political points over hedging against now “high” oil prices … Black Crab Syndrome on full display at huge expense to the Bahamian people who now suffer the consequences.
This is a question of jurisdictional trust … US vs Bahamas … followed by individual trust … Ray vs Simms … going to be hard for us to win in either front🤔
Note - Treasure Cay is an “existing” Development from the 60’s …. destroyed by “Dorian” in desperate need of being rebuilt, as it was the largest employer in North Abaco … so as much as you may not wish for it to be rebuilt, neither Abaconians, nor Bahamians generally, share your view.
Baha10 says...
It is obvious that John Ray is operating in the “real” World … and the Bahamian approach of not picking up the phone … not answering the door … gone for Lunch … not answering e-mails … the Cheque is in the mail … or calling your Cousin, who just happens to be a Politician, Police Officer, Lawyer, Bank Manager, etc., etc. will not work in the “real” World!
As for the Bahamian Citizens, whose names John Ray will publish shortly, unless they had Central Bank approval, their investments in Crypto were illegal … so if not prosecuted promptly, Exchange Control has at long last finally been effectively abolished thanks to this FTX implosion!
On FTX’s US chief hits PM, AG over ‘total stonewall’
Posted 14 December 2022, 6:56 p.m. Suggest removal
Baha10 says...
…. leaving aside the political motivations in sabotaging what was heralded as the largest investment ever in the Caribbean … it sure would have been nice to have had all that “cheap” oil in storage, as opposed to now arguing again for political points over hedging against now “high” oil prices … Black Crab Syndrome on full display at huge expense to the Bahamian people who now suffer the consequences.
On Minnis blames Christie Gov’t for Oban debacle
Posted 13 December 2022, 7:14 p.m. Suggest removal
Baha10 says...
…. extraction by Black Hawk is Option 2 … don’t mess with the 🇺🇸!
On AG announces arrest of Sam Bankman-Fried
Posted 12 December 2022, 7:51 p.m. Suggest removal
Baha10 says...
1st Domino falls …
On AG announces arrest of Sam Bankman-Fried
Posted 12 December 2022, 7:20 p.m. Suggest removal
Baha10 says...
This is a question of jurisdictional trust … US vs Bahamas … followed by individual trust … Ray vs Simms … going to be hard for us to win in either front🤔
On FTX LIQUIDATOR IS FROZEN OUT: Access to company records blocked – and documents could be lost forever
Posted 12 December 2022, 9:20 a.m. Suggest removal
Baha10 says...
… hopefully they will get West at some point!
On ‘More than 1,000 potholes patched’
Posted 9 December 2022, 10:21 a.m. Suggest removal
Baha10 says...
Because we lack capital and without a normal banking system willing to lend we are dependent on foreign investment.
On DEVELOPER SUES GOVT FOR $3BN: Austrian takes action over blocked project in Abaco’s Treasure Cay
Posted 23 November 2022, 7:09 a.m. Suggest removal
Baha10 says...
Note - Treasure Cay is an “existing” Development from the 60’s …. destroyed by “Dorian” in desperate need of being rebuilt, as it was the largest employer in North Abaco … so as much as you may not wish for it to be rebuilt, neither Abaconians, nor Bahamians generally, share your view.
On DEVELOPER SUES GOVT FOR $3BN: Austrian takes action over blocked project in Abaco’s Treasure Cay
Posted 22 November 2022, 8:14 p.m. Suggest removal
Baha10 says...
Agreed.
On DEVELOPER SUES GOVT FOR $3BN: Austrian takes action over blocked project in Abaco’s Treasure Cay
Posted 22 November 2022, 8:06 p.m. Suggest removal
Baha10 says...
Agreed!
On DEVELOPER SUES GOVT FOR $3BN: Austrian takes action over blocked project in Abaco’s Treasure Cay
Posted 22 November 2022, 8:06 p.m. Suggest removal