Comment history

DonAnthony says...

I would prefer a national lottery, but realistically this does not have a snowball chance in hell of happening. Best bet ( pun intended) is to leave the status quo and limit profits to 10% or even 5%.

On Budget demand for more web shop taxes

Posted 29 May 2018, 1:50 p.m. Suggest removal

DonAnthony says...

These web shops should be taxed to within an inch of their lives to pay for all the social ills they cause. If the port has a mandated profit margin of just 10% then why should the same not be expected of webshops who are a drain on taxpayers and a destroyer of family and community life. The government has full access to the data and accounts of the webshops so it is easy to regulate.

On Budget demand for more web shop taxes

Posted 29 May 2018, 1:22 p.m. Suggest removal

DonAnthony says...

You are entitled to your ignorance but the facts are: Cable Bahamas IPO share price in 1994 was $1.00. Fact. I sold cable shares in 2015 for $8.34 after a 3 for 1 split equates to (8.34x3)= $25.02 per share. Fact. More than a 25 fold increase in 21 years. If you do not understand this math best of luck to you.

DonAnthony says...

You appear to be financially illiterate. Which part of a 25 fold increase not including dividends do you not understand? Not a SINGLE small retail investor ( or any investor for that matter) who purchased cable shares for $1 at the IPO lost money. In the 24 years since then the share price has never traded below $1. So your statement is false. Most small retail investors especially those who held their shares for several years made a fantastic return.

DonAnthony says...

Yes, and add to it the 9% in BTC shares Ingraham planned to offer the public if re-elected. Swept under the rug and abandoned by the PLP.

DonAnthony says...

PLP administrations have done nothing to expand the shareholder base in this country, and this rigged plan they left to only offer shares in Aliv to select elite and not the average Bahamian should be abandoned. And the thinly veiled intimidation by Mr. Bowe should be ignored. These shares are very valuable and he knows it and that is why he has been pushing this rigged plan as well. Most financial opportunities in this country are reserved for an elite club and the average man is not in it. If this is offered as an IPO to the general public the offer will be oversubscribed so there is no rush, no fear of missing out. The FNM should abandon this rigged plan for the few and practice what they preach and empower Bahamians.

DonAnthony says...

What are you talking about? Cable Bahamas did a great deal to increase the wealth of the small retail investor, it debuted with an IPO price of $1.00 and a little over 20 years later it topped out at a split adjusted price of $25 per share, that is over a 100% return every year not even factoring in dividends. The price has fallen tremendously since then but many small investors ( myself included) made a fortune off of cable. These shares should be offered in an IPO filled from the bottom up to ensure the greatest distribution of shares. This is one of the few ways for the small investor in this country to share in wealth generation. The legacy of the FNM through the port and cable IPO has been to empower Bahamians, they should do it again, rather than enriching the select few.

DonAnthony says...

Is it too much to ask to have competent captains, well trained? I would suggest recruiting a few captains from Spanish Wells. Once went on a pitch black night with a Spanish Wells captain from Spanish Wells to Harbour Island on an emergency trip to pick up a sick person. He navigated the devil’s backbone while traveling 40 mph flawlessly. I believe he could have almost done it blindfolded. It was amazing. We have captains of our RBDF boats that can not navigate a dredged Harbour in broad daylight!

On ‘Commodore, stop mashing our boats’

Posted 25 April 2018, 10:23 a.m. Suggest removal

DonAnthony says...

I like Jeff Lloyd but he is tone deaf on this issue. This government like the last is traveling too much. We want a full accounting of the travel costs of every trip paid for by taxpayer dollars. Who is going first class and who is going coach? Why are we paying for all these spouses? If I am paying for it I have a right to see the costs. The FNM ignores this issue at their own peril, it makes them look like hypocrites and like we voted out the last government we can easily vote them out. We demand transparency and accountability, which the FNM promised but so far have failed to deliver.

On Lloyd: Concerns over travel are nonsense

Posted 18 April 2018, 2:29 p.m. Suggest removal

DonAnthony says...

Terrible reporting. Did not even post the record breaking winning time. It was 22.09 seconds.

On Record-breaker Shaunae wins 200m gold

Posted 12 April 2018, 11:54 a.m. Suggest removal