Which leads me to agree with Mr Rahming on understanding of business. I remember trying to get an initiative off the ground and being offered a very strange funding option for the particular industry. I said to the individual and myself that simply wont work. I knew if underfunded my company would essentially be taken, sometimes investors do this with intention of taking a potentially profitable company

This sounds like the same story that was running in 2021 for the Minnis administration. Remember persons calling repeatedly to say the COVID trackers werent paid for months, garbage contractors, landscaping contractors, and those were the ones who spoke publicly.

You havent watched enough American Greed. This same story gets repeated over and over again, the perpetrators and the victims just have different names, **but**, there's quite a bit of tropical island paradises mentioned!

They both "appear" to have had no regulatory oversight with the SEC just asking questions after some 3rd party triggered them. And I get that in the US companies can fly under the radar, this is different. These companies should have been standing out like sore thumbs here and subject to extra scrutiny

"*The former Colina chief asserted “that since operations began the company had been cash strapped*

One thing that confuses me is the capital. The Colina chief invested but says since they started they were cash strapped.I'm wondering if the real problem was they were simply undercapitalized. Even with the best governance structure. And shouldn't he have seen that? Right out the gate no money? That's ok for a cake business, not for this

The people who need to be concerned here are the people who gave hundreds of thousands, iv not millions to ArawakX as investors **in ArawakX**. They are a different type of investor. They're not interested in 1000 dollar share offerings. They typically have the highest classification of shares and they invest large amounts individually. They're typically well versed about investing, and understand that returns come over the long term, years. The people calling up the gas company with worry likely invested 500 dollars.

I do not know what the "specific" processes around ArawakX' platform are, but in general if you invest in a company you should have "something" to signify what ownership you have. If you invested in Tropical Gyros your "something" will say "Tropical Gyros" **not** "ArawakX."

For want of a better example ArawakX is like MrShipIt. If you want a product from Amazon, MrShipIt provides you with a platform to order then have that product transferred to you. You pay MrShipIt a fee for their service, your business/product transaction is with Amazon, if you have a problem with a defective product you contact Amazon (or the original seller)not Mr ShipIt.

All MrShipIt and ArawakX do is provide the environment for a transaction between buyer and seller to happen and then complete

"*“I am now getting concerned messages from people saying they invested and want an update on the Arawak X debacle. I have no idea what to tell them,”*

My point again about investor ignorance. ArawakX has nothing to do with the operation of businesses they raised monies for. These people should sinply not be investing. The only people who should have any concern are the **millionaires** who invested in ArawakX itself. Even one of the companies that raised funds appears to be lost saying they raised 160k but ArawakX "*took out fees*". Did they read the contract? The service couldnt be free.

Again, very striking that this all went down over the exact same period as FTX and collapsing at the exact same time , both companies appearing to have received alot of excitement from the regulator but quality/existence of oversight is now a question for the US courts

So I dont know if your comment will be deleted or not but generally how does that work? When a foreign client brings money for a land transaction does the attorney have to investigate the source of funds(assuming so). And if source of funds was "FTX" would the attorney be obligated to dig deeper?

Smart, so only your 5year old great grand daughter could tell the tale! Your press secretary dont have no notes about the Barbie discussion.