ghostwriter, you do realise the $24 million owed BEC is not a new debt of Baha Mar's, right? You do know that it is the old debt that came with the purchase of Baha Mar when they bought the Crystal Palace, and that it was the government who allowed the $19 odd million to go unpaid for that long? And that that same government approved the sale while Phil Ruffin fled the island and didn't look back?
While Baha Mar has money owing, how about the $37 million that the Bahamas government owes Baha Mar for the roadworks?
By my math, the net is that the Bahamas government OWES Baha Mar $13 million.
Tal, as I understand it, that $24 is an old debt that Baha Mar inherited when they purchased the Crystal Palace. My only question is why did BEC allow it to go unpaid for so long by Crystal Palace? Whose fault is that?
Brent has been making a lot of noise lately. Does one suppose he might be prepping for a political comeback? That ship sailed a very long time ago!
As for contempt -- why would Izmirlian alert and share information with Christie at this point? At every turn, it has been clear that Christie is so deeply compromised with and to the Chinese that he cannot be trusted in any way, shape or form! I sure as hell wouldn't have given Christie heads up on the bankruptcy filing or suit.
This is the death knell for the PLP -- and they are running like cockroaches into the dark while trying to deflect, blame and shovel more lies and horse manure at the people of the Bahamas. It is Christie who has showed contempt to the Bahamian people! (and Brent has only shown his true character as a fool .... )
Maynard-Gibson is just looking for a way to meddle with the US Bankruptcy Court, as the Bahamas has been totally bypassed in the case -- for obvious reasons. This is just a ploy to get involved and meddle in the bankruptcy case. Does anyone actually believe she is acting out of good will?
Besides, BahaMar has just gotten permission from the trustee to use the 80$ million in funds to pay staff as well as keep Melia running. Why does the Bahamas government need to pay anyone?
Did I read somewhere that the $19+ million owed by BahaMar to BEC is not new debt, but the debt taken over when BahaMar purchased the Crystal Palace Hotel? Is that the case? If so, then it only means that BahaMar took over an old debt that was owed by the previous owners of the Crystal Palace. Why has yet another BEC bill been allowed to languish unpaid for so long? Why was it allowed to get to $19 million in the first place? Is this true?
Won't take sides???? The Bahamas government is already so damn compromised on both sides, they haven't got a shred of credibility in any case..
Does anyone remember the untold millions in loans Perry Christie went begging to China for? Come to think of it, has he ever disclosed the full terms and conditions of those loans? Umm, no. Sure would like to know, as would many Bahamians.
1. Does anyone know why the bankruptcy Chapter 11 filing is in US court? And why the suit against China State is in the UK High Court? Seems like an awfully smart move in terms of putting China State under a lot of scrutiny on the world stage, but I'm sure there are other reasons.
2. Will the Bahamas government now see how stupid it was to borrow untold millions from the Chinese? Will they finally now understand that the Chinese were not acting out of the goodness of their hearts and that "gifts" often come with a hell of a lot of strings attached?
"Gross national happiness" is what got us into this mess to begin with. People spending money they don't have to do things they can't afford to make them happy without any regard for fiscal responsibility during a worldwide recession and wonton spending and poor decisions.
How, pray tell, does Mr. Wilchcombe suggest we accomplish "happy" when the nation is suffering under the very government he represents. Maybe he'll send us all off on all-expense paid tourism junkets around the world....
Leverage? Surely you jest! This is money OWED by the Bahamas government to BahaMar -- and it's well overdue. They are lucky not to have to pay hefty interest charges. No leverage -- just pay the bill as owed. These clowns really have a very poor sense of the reality that the rest of us live in.
DillyTree says...
ghostwriter, you do realise the $24 million owed BEC is not a new debt of Baha Mar's, right? You do know that it is the old debt that came with the purchase of Baha Mar when they bought the Crystal Palace, and that it was the government who allowed the $19 odd million to go unpaid for that long? And that that same government approved the sale while Phil Ruffin fled the island and didn't look back?
While Baha Mar has money owing, how about the $37 million that the Bahamas government owes Baha Mar for the roadworks?
By my math, the net is that the Bahamas government OWES Baha Mar $13 million.
On Gomez and Chinese bank argue against Chapter 11 ruling
Posted 3 July 2015, 9:07 p.m. Suggest removal
DillyTree says...
Just as I thought! Explains a lot then.
On Baha Mar sues construction company in UK High Court
Posted 2 July 2015, 5:51 p.m. Suggest removal
DillyTree says...
Tal, as I understand it, that $24 is an old debt that Baha Mar inherited when they purchased the Crystal Palace. My only question is why did BEC allow it to go unpaid for so long by Crystal Palace? Whose fault is that?
On Government to pay Baha Mar workers’ salaries
Posted 2 July 2015, 5:49 p.m. Suggest removal
DillyTree says...
Brent has been making a lot of noise lately. Does one suppose he might be prepping for a political comeback? That ship sailed a very long time ago!
As for contempt -- why would Izmirlian alert and share information with Christie at this point? At every turn, it has been clear that Christie is so deeply compromised with and to the Chinese that he cannot be trusted in any way, shape or form! I sure as hell wouldn't have given Christie heads up on the bankruptcy filing or suit.
This is the death knell for the PLP -- and they are running like cockroaches into the dark while trying to deflect, blame and shovel more lies and horse manure at the people of the Bahamas. It is Christie who has showed contempt to the Bahamian people! (and Brent has only shown his true character as a fool .... )
On Baha Mar ‘showed contempt to nation’
Posted 2 July 2015, 5:43 p.m. Suggest removal
DillyTree says...
Maynard-Gibson is just looking for a way to meddle with the US Bankruptcy Court, as the Bahamas has been totally bypassed in the case -- for obvious reasons. This is just a ploy to get involved and meddle in the bankruptcy case. Does anyone actually believe she is acting out of good will?
Besides, BahaMar has just gotten permission from the trustee to use the 80$ million in funds to pay staff as well as keep Melia running. Why does the Bahamas government need to pay anyone?
On Government to pay Baha Mar workers’ salaries
Posted 2 July 2015, 5:35 p.m. Suggest removal
DillyTree says...
Did I read somewhere that the $19+ million owed by BahaMar to BEC is not new debt, but the debt taken over when BahaMar purchased the Crystal Palace Hotel? Is that the case? If so, then it only means that BahaMar took over an old debt that was owed by the previous owners of the Crystal Palace. Why has yet another BEC bill been allowed to languish unpaid for so long? Why was it allowed to get to $19 million in the first place? Is this true?
On Baha Mar sues construction company in UK High Court
Posted 1 July 2015, 3:38 p.m. Suggest removal
DillyTree says...
Won't take sides???? The Bahamas government is already so damn compromised on both sides, they haven't got a shred of credibility in any case..
Does anyone remember the untold millions in loans Perry Christie went begging to China for? Come to think of it, has he ever disclosed the full terms and conditions of those loans? Umm, no. Sure would like to know, as would many Bahamians.
On PM: Govt won’t take sides
Posted 30 June 2015, 2:18 p.m. Suggest removal
DillyTree says...
Two quick thoughts:
1. Does anyone know why the bankruptcy Chapter 11 filing is in US court? And why the suit against China State is in the UK High Court? Seems like an awfully smart move in terms of putting China State under a lot of scrutiny on the world stage, but I'm sure there are other reasons.
2. Will the Bahamas government now see how stupid it was to borrow untold millions from the Chinese? Will they finally now understand that the Chinese were not acting out of the goodness of their hearts and that "gifts" often come with a hell of a lot of strings attached?
Will we ever learn? (Ok, that was 3 thoughts....)
On EDITORIAL: Baha Mar takes last shot to survive - bankruptcy!
Posted 30 June 2015, 2:14 p.m. Suggest removal
DillyTree says...
"Gross national happiness" is what got us into this mess to begin with. People spending money they don't have to do things they can't afford to make them happy without any regard for fiscal responsibility during a worldwide recession and wonton spending and poor decisions.
How, pray tell, does Mr. Wilchcombe suggest we accomplish "happy" when the nation is suffering under the very government he represents. Maybe he'll send us all off on all-expense paid tourism junkets around the world....
On Wilchcombe: I will make people happy
Posted 25 June 2015, 5:59 p.m. Suggest removal
DillyTree says...
Leverage? Surely you jest! This is money OWED by the Bahamas government to BahaMar -- and it's well overdue. They are lucky not to have to pay hefty interest charges. No leverage -- just pay the bill as owed. These clowns really have a very poor sense of the reality that the rest of us live in.
On ‘Don’t put strings on Baha Mar money’
Posted 25 June 2015, 5:56 p.m. Suggest removal