I applaud John Buchanan for articulating so well what a "few" of us knew all too well was the "real" reason this Project imploding, namely Izfailian and his incompetent Management, together with his hand picked Light Weight "social" Directors and Legal Advisors. The only person who I have any sympathy for in this whole debacle is his Father, who backed his Son, only to see him disgrace the Family Name and in the process squander the Family Fortune. One can only hope that he leaves to Charity what may remain!

Well written, but with a "D" average for as long as one cares to remember, how on Earth can one expect to reverse this trend, unless perhaps we completely open up our Country to intelligent and wealthy foreign immigrants without restriction in the hope of pig-backing off their ideas, as it is simply not possible for us with a "D" average to solve a situation requiring "A" Class intelligence.

I noted he "lost" it, my point was expecting him to now destroy it is unrealistic.

I agree, asking the King of our modern day Tourisim Product to take over a Competitor who vowed to be "bigger and better" than Alantis is one thing from an ego perspective, but to expect the King to also now destroy what continues to represent the Jewel in his Crown, however lost, in order to succeed is simply never going to happen, and in turn, this "supposed" deal makes little, if any sense.

Sad, sad ... Reality is most of our Southern Bahamians have been hanging on by a thread for years and as bad as this Hurricane was, the Country is broke, so as with the Warnings, aid and assistance will be "limited", albeit question how we can see fit to pay "private" Employees of the failed "Baha Mar" and Vendors who did not "profit" from the failed Carnival over these truly poor Bahamians? I fear a simple case of out of sight, out of mind!

Izfailian was the Developer and the Cuban/Bahamain D'agulair his trusted advisor, but neither had a clue and this is the end result, no one to blame but themselves, and everyone else simply left to absorb finanacial loses and reputational damage as they drift off back to the foreign lands from where they both came.

How can private enterprise that incurred risk for profit expect to be made whole if the very risk they should have built into their pricing occurs?!? Would they have shared the profit if they had been paid in full?!? Whether anyone likes it or not, the Chinese Bank has a "first priority position" over all other Creditors, just like Commonwealth, Scotia, RBC or CIBC if you take a Mortgage out with them over your House. No one in such scenario ever expects to jump ahead of or be on par with the Bank if they subsequently lend money to or perform services for the Borrower. I fear our "D" Average for the past 20 years has produced a Society that has No Clue how business is conducted in the "real" World, hence our slippage on all World Rankings as we fall into some sort of peculiar Welfare State that of course, we have no basis to support either.

I thought Babak had been kicked out of the Country and was persona non grata. Clearly he is more powerful than our own Government, as not only is he still here, but continues to manipulate a major facet of our Economy for his own personal benefit. The idea that he is looking out for anyone, but Babak, is farcical and demonstrates a clear lack of knowledge of the man.

Leaving China and our Government to one side, at some point one must accept incompetent Directors and Managment coupled with perhaps the worst Legal Represntation­ and Advise in the history of Business ultimately produces what we have today, a failed Project, irrespective of all of Daddy's money, which in virtually anyone else's hands would have been an uniquivical basis for success. Well done Son, well done ... your decision making and choice of confidants have cost me much embarrassment, not to mention your inheritance.

Hate to disappoint, but Brent is a Lawyer too, albeit one with money, so no need to entertain corruption.