You're correct. Investors with preference shares get first dibs at everything. I'm going to go out on a limb that the people I'm referring to, dont have preference shares, but I could be wrong
Not sure about his English or if its important, but people are equally impressed by the words that come out of Brave Davis' mouth on climate change. Meanwhile at home the practice of cutting down hills for fill and allowing oil distributors to have secret deals on fines continues. Dont mind the nice speech, someone else likely wrote it. Dont mind the wealth it's on the backs of hundreds of thousands living in abject poverty
How impactful would it be if every single person who filed a complaint with the police in the last 5 years stood for 5mins to read a graphic account of their ordeal... one after the other, nationally televised and the commissioner, the governor general and all MPs had to sit and listen. Something is **wrong**. Sometimes this place reminds me of the war torn Africa accounts where people are just kidnapped like it's nothing and our leaders just give a "*I havent heard a complaint*". What if this was their or wife or son? Women, teenagers young men, pummelled, punched, body slammed, beaten with bats and belts, fishbagged... some mysteriously dead and noone in the station saw a thing. Where is Marvin *Pratt*(?) Taken into police custody and never seen again. Disappeared off the earth like he was nothing. And now they get points?
This week their was alot of discussion about our educational system and the number of children failing. Where do these failing people go? They lead us. It's a very frightening thought.
Not at all it was in response to your statement "*was a loss making venture, which seemed to stir the "Angel Investor" into action."*..., I repeat, the investor is not entitled to a return. If "loss" stirred them, its probably why they lost the case
Based on what's in the public domain, only 3 businesses successfully raised their minimum req. Tropical Gyros used the funds to open a 2nd location which I believe they reported some 2 million in profits (vaguely recall), Dr Danny Johnson has opened his medical facility with the money he raised. Red Lobster had some press release about a Trinidad opening not quite certain when the Nassau location is coming on stream
That's pretty good record for such a small country. Now for persons who've bought shares in those companies, its an investment, theres no guarantee of return.
ArawakX has nothing to do with the success of the business, in theory, there role is to create a marketplace where buyers can meet sellers. They do their due diligence to ensure that the sellers prospectus is sound, but they have nothing to do with what happens in 2, 5, 10 years in the actual running of the company
One of the most frightening aspects to me as I listened to the loose talk about various investment schemes being pitched to Bahamians over the radio, the talk is just too glowing and bright, there was a well established bank doing the same only a few weeks ago and at the time I wondered, "where is the SEC to curb this investment sales pitch to a public that does not understand the nature of risk? Bahamians dont know what a margin call is and that you could lose everything you put up as collateral, why are you pitching margin loans to the general public?" But where was the SEC?
**All of that aside, I still dont have a fair assessment on what is happening.** Is the business failing? Cash flow issues will show up right about now if they were undercapitalized. Are the issues all linked to the operating restrictions on them. Or is there something else going on?
In any investment it's for the investor to understand what they're putting their money into and that they could lose it all (barring misappropriation)
ThisIsOurs says...
Lol @beating a dead horse.
You're correct. Investors with preference shares get first dibs at everything. I'm going to go out on a limb that the people I'm referring to, dont have preference shares, but I could be wrong
On ArawakX to fight solvency shut down bid ‘all the way’
Posted 15 September 2023, 1:28 p.m. Suggest removal
ThisIsOurs says...
Not sure about his English or if its important, but people are equally impressed by the words that come out of Brave Davis' mouth on climate change. Meanwhile at home the practice of cutting down hills for fill and allowing oil distributors to have secret deals on fines continues. Dont mind the nice speech, someone else likely wrote it. Dont mind the wealth it's on the backs of hundreds of thousands living in abject poverty
On Botswana President speaks to high school and college students about preserving democracy
Posted 15 September 2023, 10:53 a.m. Suggest removal
ThisIsOurs says...
How impactful would it be if every single person who filed a complaint with the police in the last 5 years stood for 5mins to read a graphic account of their ordeal... one after the other, nationally televised and the commissioner, the governor general and all MPs had to sit and listen. Something is **wrong**. Sometimes this place reminds me of the war torn Africa accounts where people are just kidnapped like it's nothing and our leaders just give a "*I havent heard a complaint*". What if this was their or wife or son? Women, teenagers young men, pummelled, punched, body slammed, beaten with bats and belts, fishbagged... some mysteriously dead and noone in the station saw a thing. Where is Marvin *Pratt*(?) Taken into police custody and never seen again. Disappeared off the earth like he was nothing. And now they get points?
On EDITORIAL: COP not inspiring confidence in face of criticisms
Posted 14 September 2023, 9:15 p.m. Suggest removal
ThisIsOurs says...
This week their was alot of discussion about our educational system and the number of children failing. Where do these failing people go? They lead us. It's a very frightening thought.
On EDITORIAL: COP not inspiring confidence in face of criticisms
Posted 14 September 2023, 8:59 p.m. Suggest removal
ThisIsOurs says...
"*Mr Munroe may need to clarify why he thought it was fake*"
It sounded too dumb to be true?
On EDITORIAL: COP not inspiring confidence in face of criticisms
Posted 14 September 2023, 8:56 p.m. Suggest removal
ThisIsOurs says...
Not at all it was in response to your statement "*was a loss making venture, which seemed to stir the "Angel Investor" into action."*..., I repeat, the investor is not entitled to a return. If "loss" stirred them, its probably why they lost the case
On ArawakX to fight solvency shut down bid ‘all the way’
Posted 14 September 2023, 3:20 p.m. Suggest removal
ThisIsOurs says...
Yes.
Based on what's in the public domain, only 3 businesses successfully raised their minimum req. Tropical Gyros used the funds to open a 2nd location which I believe they reported some 2 million in profits (vaguely recall), Dr Danny Johnson has opened his medical facility with the money he raised. Red Lobster had some press release about a Trinidad opening not quite certain when the Nassau location is coming on stream
That's pretty good record for such a small country. Now for persons who've bought shares in those companies, its an investment, theres no guarantee of return.
ArawakX has nothing to do with the success of the business, in theory, there role is to create a marketplace where buyers can meet sellers. They do their due diligence to ensure that the sellers prospectus is sound, but they have nothing to do with what happens in 2, 5, 10 years in the actual running of the company
On ArawakX suspension extended to Monday
Posted 14 September 2023, 3:17 p.m. Suggest removal
ThisIsOurs says...
No "current" information
On ArawakX to fight solvency shut down bid ‘all the way’
Posted 13 September 2023, 10:51 p.m. Suggest removal
ThisIsOurs says...
Only invest what you're prepared to lose
On ArawakX to fight solvency shut down bid ‘all the way’
Posted 13 September 2023, 10:29 p.m. Suggest removal
ThisIsOurs says...
One of the most frightening aspects to me as I listened to the loose talk about various investment schemes being pitched to Bahamians over the radio, the talk is just too glowing and bright, there was a well established bank doing the same only a few weeks ago and at the time I wondered, "where is the SEC to curb this investment sales pitch to a public that does not understand the nature of risk? Bahamians dont know what a margin call is and that you could lose everything you put up as collateral, why are you pitching margin loans to the general public?" But where was the SEC?
**All of that aside, I still dont have a fair assessment on what is happening.** Is the business failing? Cash flow issues will show up right about now if they were undercapitalized. Are the issues all linked to the operating restrictions on them. Or is there something else going on?
In any investment it's for the investor to understand what they're putting their money into and that they could lose it all (barring misappropriation)
On ArawakX to fight solvency shut down bid ‘all the way’
Posted 13 September 2023, 10:23 p.m. Suggest removal