I hope ArawakX succeeds because Im 2000% positive none of the "regular" investors understand they could lose everything they put in. They just riding on PR and marketinh
**also investing in FTX was a ginormously risky venture. Unless you had 50 million on an account in addition to what you invested, you should not have been investing. FTX was NOT for "regular Joes". This was another major failing of the SCB. There is nothing, literally nothing that promises you get your money back when you put it on a trading platform**
Are you serious??? have literally no understanding of business. **depositing money in an account at FTX does not make you an "investor".** That word has a very specific meaning, in that you have **ownership** rights, and some ownership rights say if this company tanks youre first in line to get your **equity** investment back. Bahamians who put in a few thousand into for the purposes of trading are last in line. I mentioned this from the minute Brave Davis hinted in the HOA that his first priority was protecting bahamian clients. its not legal
"*Christina Rolle, the regulator’s executive director, asserted in a November 10, 2022, affidavit that the digital assets regulator “cannot condone” the now-jailed FTX chief’s plan to prioritise Bahamian withdrawals over all other clients as set out in his November 9, 2022, e-mail to attorney general Ryan Pinder KC*"
After multiple email exchanges nobody responded to Sam to tell him to cease and desist from what would be an illegal payout? And then file an affidavit with someone else to say you dont agree? This makes NO sense. The robber tell the police I going to rob the bank if you dont tell me you object. the police go to the judge to say I dont agree with robbers robbing banks.Then the robber rob the bank just like they promised??
But seriously, the greatest signal Brave Davis could have sent the world was the removal of the entire board that very week. Argue about what happened later but clearly, someone missed something they shouldnt have, 10 billion gone. Instead they thought they could bluff their way through with a nice sounding speech, a statement that we'd done everything right followed by silence.... and Fred Michell
We are not the only ones who will notice with shock and disbelief, the regulator waiting for the criminal to confess. The world will not be as nice
This doesnt make ANY sense to me. This would have me believe that the only way a regulator can discover that client funds were moved without client consent is to ask the perpetrator to fess up?
**he's 100% right. Our govt successive administrations have a policy of information hiding. Remember Fitzgerald? *I couldnt say oil was seeping into the ground in a residential neighbourhood, I would have been fired***. If the govt had its way this story would have been buried from day one with a statement that *its under investigation and we're not commenting.* And that would have been the end of that. Like every other scandal
If the bankruptcy was filed it would have been illegal. There is a legal pecking order to getting money back from failed investments. No group can be given preference over others not in their legal turn. This is a very very strange occurrence.
ThisIsOurs says...
I hope ArawakX succeeds because Im 2000% positive none of the "regular" investors understand they could lose everything they put in. They just riding on PR and marketinh
On Commission ‘cannot condone’ FTXs $100m Bahamas payout
Posted 16 December 2022, 8:43 p.m. Suggest removal
ThisIsOurs says...
**also investing in FTX was a ginormously risky venture. Unless you had 50 million on an account in addition to what you invested, you should not have been investing. FTX was NOT for "regular Joes". This was another major failing of the SCB. There is nothing, literally nothing that promises you get your money back when you put it on a trading platform**
On Commission ‘cannot condone’ FTXs $100m Bahamas payout
Posted 16 December 2022, 8:41 p.m. Suggest removal
ThisIsOurs says...
This isnt how liquidation works. he cant pick and chose which clients to give money to
On Commission ‘cannot condone’ FTXs $100m Bahamas payout
Posted 16 December 2022, 7:54 p.m. Suggest removal
ThisIsOurs says...
Are you serious??? have literally no understanding of business. **depositing money in an account at FTX does not make you an "investor".** That word has a very specific meaning, in that you have **ownership** rights, and some ownership rights say if this company tanks youre first in line to get your **equity** investment back. Bahamians who put in a few thousand into for the purposes of trading are last in line. I mentioned this from the minute Brave Davis hinted in the HOA that his first priority was protecting bahamian clients. its not legal
On Commission ‘cannot condone’ FTXs $100m Bahamas payout
Posted 16 December 2022, 7:47 p.m. Suggest removal
ThisIsOurs says...
"*Christina Rolle, the regulator’s executive director, asserted in a November 10, 2022, affidavit that the digital assets regulator “cannot condone” the now-jailed FTX chief’s plan to prioritise Bahamian withdrawals over all other clients as set out in his November 9, 2022, e-mail to attorney general Ryan Pinder KC*"
After multiple email exchanges nobody responded to Sam to tell him to cease and desist from what would be an illegal payout? And then file an affidavit with someone else to say you dont agree? This makes NO sense. The robber tell the police I going to rob the bank if you dont tell me you object. the police go to the judge to say I dont agree with robbers robbing banks.Then the robber rob the bank just like they promised??
On Commission ‘cannot condone’ FTXs $100m Bahamas payout
Posted 15 December 2022, 2:51 p.m. Suggest removal
ThisIsOurs says...
BBC lol.
But seriously, the greatest signal Brave Davis could have sent the world was the removal of the entire board that very week. Argue about what happened later but clearly, someone missed something they shouldnt have, 10 billion gone. Instead they thought they could bluff their way through with a nice sounding speech, a statement that we'd done everything right followed by silence.... and Fred Michell
We are not the only ones who will notice with shock and disbelief, the regulator waiting for the criminal to confess. The world will not be as nice
On ‘FTX BAHAMAS CHIEF CONFESSED TO FRAUD’: Securities Commission director says admission led to liquidation move
Posted 15 December 2022, 11:58 a.m. Suggest removal
ThisIsOurs says...
lol
On ‘FTX BAHAMAS CHIEF CONFESSED TO FRAUD’: Securities Commission director says admission led to liquidation move
Posted 15 December 2022, 10:40 a.m. Suggest removal
ThisIsOurs says...
This doesnt make ANY sense to me. This would have me believe that the only way a regulator can discover that client funds were moved without client consent is to ask the perpetrator to fess up?
On ‘FTX BAHAMAS CHIEF CONFESSED TO FRAUD’: Securities Commission director says admission led to liquidation move
Posted 15 December 2022, 10:39 a.m. Suggest removal
ThisIsOurs says...
**he's 100% right. Our govt successive administrations have a policy of information hiding. Remember Fitzgerald? *I couldnt say oil was seeping into the ground in a residential neighbourhood, I would have been fired***. If the govt had its way this story would have been buried from day one with a statement that *its under investigation and we're not commenting.* And that would have been the end of that. Like every other scandal
On New FTX CEO: Bahamas is not transparent
Posted 14 December 2022, 4:46 p.m. Suggest removal
ThisIsOurs says...
If the bankruptcy was filed it would have been illegal. There is a legal pecking order to getting money back from failed investments. No group can be given preference over others not in their legal turn. This is a very very strange occurrence.
On FTX’s US chief hits PM, AG over ‘total stonewall’
Posted 14 December 2022, 4:38 p.m. Suggest removal