I really wished Arawak X would have succeeded, as they were trying to fill a much needed void in the local capital market. However, clearly they were woefully undercapitalized and almost certainly had business model that was not viable in the Bahamas. A deeper dive into the prospectus of one of companies offered showed an absurd valuation, at least twice that of established profitable successful companies on BISX, totally out of whack for a risky start up businesses w low profit margins and high risk of failure. Even in the best case scenarios ( company survives and meets projections) investors in these companies significantly overpaid.
This PLP government has no mercy for the Bahamian people. It was their complete incompetence in failing to hedge fuel prices that led to this terrible situation, then they jack rates up jto the highest level ever in the summer heat when consumption is highest. They need to be voted out of office for this alone!
Couldn’t agree more. Amazing how when he was PM he couldn’t figure out or do anything and now out of office he has all the answers. Mr. Minnis had a parliamentary landslide mandate from the people to make substantive bold changes and he failed. No need to hear from him again, he failed us, time to move on.
URCA is a total waste of time and money. BPL sets rates whenever and to whatever level they want. URCA should be paying fees to BPL as BPL regulates URCA.
DonAnthony says...
I really wished Arawak X would have succeeded, as they were trying to fill a much needed void in the local capital market. However, clearly they were woefully undercapitalized and almost certainly had business model that was not viable in the Bahamas. A deeper dive into the prospectus of one of companies offered showed an absurd valuation, at least twice that of established profitable successful companies on BISX, totally out of whack for a risky start up businesses w low profit margins and high risk of failure. Even in the best case scenarios ( company survives and meets projections) investors in these companies significantly overpaid.
On ArawakX: Our ‘$70m pipeline’ is neglected
Posted 2 October 2023, 2:23 p.m. Suggest removal
DonAnthony says...
Yes, Starlink has taken over the family islands. In areas BTC and ALIV do not have fiber they can not compete w Starlink.
On Cable partners over $5m Exuma cays connectivity
Posted 28 September 2023, 3:56 p.m. Suggest removal
DonAnthony says...
This PLP government has no mercy for the Bahamian people. It was their complete incompetence in failing to hedge fuel prices that led to this terrible situation, then they jack rates up jto the highest level ever in the summer heat when consumption is highest. They need to be voted out of office for this alone!
On BPL ‘stranglehold’: Business battles up to 100% bill rises
Posted 27 September 2023, 11:06 a.m. Suggest removal
DonAnthony says...
That is not a photo of Rock Sound, Eleuthera, it is a photo of Cape Santa Maria, Long Island.
On FACE TO FACE – Hubert ‘Chippie’ Chipman: A life centred around family
Posted 27 September 2023, 10:04 a.m. Suggest removal
DonAnthony says...
Sounds like Arawak X could use some crowdfunding?
On ArawakX dismissed top investor as ‘over his head with Fintech’
Posted 20 September 2023, 4:52 p.m. Suggest removal
DonAnthony says...
Couldn’t agree more. Amazing how when he was PM he couldn’t figure out or do anything and now out of office he has all the answers. Mr. Minnis had a parliamentary landslide mandate from the people to make substantive bold changes and he failed. No need to hear from him again, he failed us, time to move on.
On DR HUBERT MINNIS: Let’s make Nassau a great Caribbean city
Posted 19 September 2023, 1:15 p.m. Suggest removal
DonAnthony says...
URCA is a total waste of time and money. BPL sets rates whenever and to whatever level they want. URCA should be paying fees to BPL as BPL regulates URCA.
On URCA ‘monitors’ but offers no relief from energy hikes
Posted 14 September 2023, 4:18 p.m. Suggest removal
DonAnthony says...
Total waste of time. Just shuffled the same incompetent ministers around. Zero accountability, same old PLP, Brave has learned nothing.
On Bell shuffled in Davis Cabinet shake-up
Posted 4 September 2023, 11:49 a.m. Suggest removal
DonAnthony says...
If she is so wonderful why can’t she donate her salary to the Bahamian people and draw no salary?
On ‘Mother’ Pratt sworn in as new Governor General
Posted 4 September 2023, 10:06 a.m. Suggest removal
DonAnthony says...
What a massive waste of money. Another huge salary and pension we don’t need or can afford. These political parasites love sucking the Bahamas dry.
On ‘Mother’ Pratt sworn in as new Governor General
Posted 2 September 2023, 4:57 p.m. Suggest removal