Comment history

LastManStanding says...

Why should AirCanada halt flights? Should be perfectly protected and have nothing to worry about if you have your shots (which you must to be flying on AirCanada), right?

LastManStanding says...

How about BPL figure out how to keep the power on before worrying about making people pay. Only in the Bahamas do you get charged for non-existent services.

It has been 50+ years of power failures. Safe to say that they are never going to figure it out.

On Another year and still the lights are going out

Posted 29 December 2021, 11:59 a.m. Suggest removal

LastManStanding says...

Treasure Cay was a loss making entity for a very long time. The only way to ever turn a consistent profit on the investment would be to put a beachfront hotel and casino on the 40 acre parcel included as part of the deal. The problem is that doing so is going to ruffle many feathers among the second homeowners, and will make this guy's life very difficult. Treasure Cay has not been a resort in the true sense of the word for a very long time, it has been dominated by second homeowners for a while now. Going that route was a one way street that will be difficult to turn back from.

The whole deal smells rotten to be honest. This guy will need tens, if not hundreds, of millions to put in a hotel, rebuild the marina which was completely destroyed in Dorian, rebuild restaurants, fix up the golf course, build a proper commercial center, and get everything else up to speed. He will not make the money back in his lifetime. None of this is even considering the impact that COVID has had (and will continue to have) on the tourism market, something that omicron is making known again.

On Kovats hits back on Treasure Cay plans

Posted 29 December 2021, 11:57 a.m. Suggest removal

LastManStanding says...

Someone is getting sued for a big payout.

LastManStanding says...

Crypto is here to stay whether people like that or not. You have to view it as an investment and be willing to ride the waves. Buy low, sell high. It is the stock market with a much quicker turnover cycle. You can even mine a coin like Ethereum from your GPU profitably. No reason not to take part.

On Revolution here in Fin-Tech market

Posted 28 December 2021, 12:04 p.m. Suggest removal

LastManStanding says...

In response to some of your criticisms of crypto :

1.) They can be coverted to cash with proper ATMs

2.) Fiat currency is backed with nothing. Bitcoin, for example, is backed with limited supply that becomes progressively harder to obtain (mine). You could mine Bitcoin from your GPU in the old days, you now need a dedicated miner to do so profitably.

3.) Same criticism applies to credit cards and online bank accounts

4.) Cash is just as hard to trace, and can be laundered just as easy. How many Bahamian businessmen today have their hands dirty from drug money in the 80s, or gambling money today?

On Revolution here in Fin-Tech market

Posted 28 December 2021, 12:02 p.m. Suggest removal

LastManStanding says...

There is nothing to indicate that this variant is anything to be concerned with in terms of severity. At some point everyone just needs to accept that they are probably going to get COVID, shots or not. Deal with it, and move on with life.

LastManStanding says...

Funny how I see exposure notifications for Air Canada flights all the time when checking the Canadian news. It is quite hilarious considering that you need your shots in order to fly in Canada.

LastManStanding says...

Honestly, the best solution is to just tear the Grand Lucayan down at this point. Nobody is going to buy the hotel in it's current state. One of the earliest signs that we were in trouble with Minnis was when he removed any negotiating leverage he had by getting stuck with the hot potato hotel. It really highlighted the poor negotiating skills of the previous government, which was confirmed with the terms of the PI lease.

LastManStanding says...

Study what Pablo Escobar did in Colombia. He took many of the poorest out of the slums and gave them homes for free. In exchange, he had their loyalty and got many soldiers for his cartel. He was so popular that he actually ended up in government. We are seeing a similar process happen here.

On Fox Foundation gives to those in need

Posted 23 December 2021, noon Suggest removal