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.

"*Mr Munroe may need to clarify why he thought it was fake*"

It sounded too dumb to be true?

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

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

No "current" information

Only invest what you're prepared to lose

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)

"*was not completely incompetent but was a loss making venture, which seemed to stir the "Angel Investor" into action.*"

**The one mistake I believe you make in the argument is the assumption that any investor is "entitled" to a return. Investors lose money *all* the time**. If the prospect of loss was the foundation of the lawsuit it may be why they lost the court case. If on the other hand they could site mishandling of invested funds that's a different case. The fact that this passed through court and there was no such finding has to say one of two things, there was either no mishandling or our courts aren't equipped to investigate such cases. I'd lean to the former for the mere fact that the SEC has investigated for near a year and found nothing, "to date" on which to act. Steve Ray looked over FTX's operation in one week and came with a finding, the other crypto firm took 2 days to say *not interested*. The SEC has access to all the bank accounts and financial statements that we do not. They dont have to guess. I look at the inability to pay the rent for what it is, they were literally unable to operate the business and were essentially starved of revenue.

It's quite possible another mistake made was undercapitalization Not having sufficient funds to actually execute on the idea. But that would be a scientific judgement the SEC would have had to make 2 years ago, the entrepreneur isnt going to say stop me I dont have enough funds to start.

Yes! From the Govt of The Bahamas website on crowd funding platforms:

"*8 Jul 2021 — He noted that The Bahamas International Stock Exchange (or BISX) has also been approved to establish its own similar platform...*"

Get to the Privy Council for a determination on whether what is happening is "*usual*"