Tribune September 2023: "*Mdollaz, which trades as ArawakX, was registered with the Securities Commission on January 18, 2021, to conduct business as a crowd-funding marketplace and clearing facility under the Securities Industry (Business Capital) Rules 2021. It was initially owned 50/50 by Mr Rahming and his son.*
*Hillary Deveaux, one of Ms Rolle’s predecessors as Securities Commission executive director, was on Mdollaz/ArawakX’s Board but he resigned on December 9, 2022, to become a whistleblower. Together with James Campbell, the former Colina Insurance Company president, and Felix Stubbs, the former IBM Bahamas chief, **he met with the regulator on October 11, 2022, to voice concerns** about the platform’s operations and corporate governance structure.*:
Yes, that's correct, **as I said before, the largest investor and board member blew the whistle. There is another news article that details his report to the police**. It was **not** Securities Commision monitoring that caught this.
As to being "*ignorant*", I confess, call the knowledge police, there is much to know in the world and I dont know 1/1000,000th of it. And half of what I do know I dont know all and sometimes get wrong
Actually the illegal capital raise was reported to the police by an insider, I ~believe the board member who lost the most money, that's how it ultimately got to court, not through monitoring activities of the securities commission. The exact same thing in the FTX case. This thing about persons not receiving share certificates is another oddity, it shouldnt be possible again, like FTX... like *nobody was watching*
This type of flooding is almost never totally "rain water". In most cases the rain causes a large body of "contained" water to overflow its banks. That's where that deep onshore water buildup originates. I notice that there's a channel flowing from the sea into bennets harbour and an arm also in the direction of the bluff. I'd bet that's the source of the "historic" flooding.
This is why I'm very skeptical of that stone crab proposal to cut channels Inland into the GB coast. We are already at risk, we need to start using our brains for the impact of destroying the natural coast line protective barriers that we have. The DEPP has been silent on Athol Island.
"*The total loss suffered by these investors highlights just how risky this form of investing - injecting capital into small businesses and start-ups - can be if these ventures fare poorly.*"
Anyone who didnt understand the risk of losing everything shouldnt have been investing in the first place. This is not a bank where you're guaranteed to get back what you put in. Next time buy govt bonds.
"**There are discrepancies with the share registers - investors are missing on the registers,” Mr Rahming and Ms Simms alleged. “Investors have not received their share certificates, and the issuers were assessed additional fees by the company not shown in their listing agreement.”**"
**How is this possible? Where was the Securities Commission???**
It may be that the local meteorologists didnt have a voice in the decision making. The foreign man may have had his head filled with the word "*hurricane*" without the 30 years experience of what actually happens... I dont know, something was odd
"*storm’s core passed about 25 miles east-southeast of Duncan Town, Ragged Island, and 60 miles south-southwest of South Long Island,*"
I'd said the reporting was odd. I remember the communications pre melissa, there was always a focus on the eye position. But in this storm it was actually stated that "*the eye position doesnt matter*". Not true. My poor Bahamians who perish for lack of knowledge from the voices they listen to. The truth is, "**it all depends**".
If you have a massive eyewall with strong winds, you may be able to say that. But for a storm like Melissa at cat-2 with highest winds extending 30miles... if you're 500miles away, .. like Inagua, you're getting a strong breeze and rough surf. So it matters. Why was Inagua evacuated but Long Island ignored? With a big production over the jumbo jet sent to Inagua?
But it seems like the new weather service bacswrn was supplying the weather(?). Oddly enough, The focus was Crooked Island, Ragged Island and Long Island were side stories. People actually commented that every other weather service was focusing on Long Island.
**This was an odd one for information dissemination and response**. They need to examine what went wrong, because they cant do this with a stronger storm.
I'm not sure that anyone looking objectively at the response would use this for "promotion". So bad that today the response from the DRM was "*we've only been in place for*" was it a year or 2 years and "*we're always learning*". After 50 years covering numerous disasters and no less than Dorian.. we cant get plane flights or position of the eye of the storm and expected impact correct
ThisIsOurs says...
Tribune September 2023:
"*Mdollaz, which trades as ArawakX, was registered with the Securities Commission on January 18, 2021, to conduct business as a crowd-funding marketplace and clearing facility under the Securities Industry (Business Capital) Rules 2021. It was initially owned 50/50 by Mr Rahming and his son.*
*Hillary Deveaux, one of Ms Rolle’s predecessors as Securities Commission executive director, was on Mdollaz/ArawakX’s Board but he resigned on December 9, 2022, to become a whistleblower. Together with James Campbell, the former Colina Insurance Company president, and Felix Stubbs, the former IBM Bahamas chief, **he met with the regulator on October 11, 2022, to voice concerns** about the platform’s operations and corporate governance structure.*:
Yes, that's correct, **as I said before, the largest investor and board member blew the whistle. There is another news article that details his report to the police**. It was **not** Securities Commision monitoring that caught this.
As to being "*ignorant*", I confess, call the knowledge police, there is much to know in the world and I dont know 1/1000,000th of it. And half of what I do know I dont know all and sometimes get wrong
On Nearly 900 to lose entire Red Lobster investment
Posted 5 November 2025, 2:53 p.m. Suggest removal
ThisIsOurs says...
Actually the illegal capital raise was reported to the police by an insider, I ~believe the board member who lost the most money, that's how it ultimately got to court, not through monitoring activities of the securities commission. The exact same thing in the FTX case. This thing about persons not receiving share certificates is another oddity, it shouldnt be possible again, like FTX... like *nobody was watching*
On Nearly 900 to lose entire Red Lobster investment
Posted 5 November 2025, 2:57 a.m. Suggest removal
ThisIsOurs says...
Exactly
On Nearly 900 to lose entire Red Lobster investment
Posted 4 November 2025, 7:13 p.m. Suggest removal
ThisIsOurs says...
Can you defame a poster? I dont know... maybe?
What really "*defamed*" the poster, at minimum, is the state of the roads for the past five years... across the entire country... and there's more
On PLP aspirant slams MP Adrian White for ‘defaming’ party poster
Posted 4 November 2025, 4:24 p.m. Suggest removal
ThisIsOurs says...
This type of flooding is almost never totally "rain water". In most cases the rain causes a large body of "contained" water to overflow its banks. That's where that deep onshore water buildup originates. I notice that there's a channel flowing from the sea into bennets harbour and an arm also in the direction of the bluff. I'd bet that's the source of the "historic" flooding.
This is why I'm very skeptical of that stone crab proposal to cut channels Inland into the GB coast. We are already at risk, we need to start using our brains for the impact of destroying the natural coast line protective barriers that we have. The DEPP has been silent on Athol Island.
On Heavy rains flood roads and neighbourhoods in Cat Island
Posted 4 November 2025, 3:01 p.m. Suggest removal
ThisIsOurs says...
"*The total loss suffered by these investors highlights just how risky this form of investing - injecting capital into small businesses and start-ups - can be if these ventures fare poorly.*"
Anyone who didnt understand the risk of losing everything shouldnt have been investing in the first place. This is not a bank where you're guaranteed to get back what you put in. Next time buy govt bonds.
"**There are discrepancies with the share registers - investors are missing on the registers,” Mr Rahming and Ms Simms alleged. “Investors have not received their share certificates, and the issuers were assessed additional fees by the company not shown in their listing agreement.”**"
**How is this possible? Where was the Securities Commission???**
On Nearly 900 to lose entire Red Lobster investment
Posted 4 November 2025, 2:48 p.m. Suggest removal
ThisIsOurs says...
It may be that the local meteorologists didnt have a voice in the decision making. The foreign man may have had his head filled with the word "*hurricane*" without the 30 years experience of what actually happens... I dont know, something was odd
On Residents voice frustration over repatriation delays after Hurricane Melissa
Posted 4 November 2025, 2:14 a.m. Suggest removal
ThisIsOurs says...
"*storm’s core passed about 25 miles east-southeast of Duncan Town, Ragged Island, and 60 miles south-southwest of South Long Island,*"
I'd said the reporting was odd. I remember the communications pre melissa, there was always a focus on the eye position. But in this storm it was actually stated that "*the eye position doesnt matter*". Not true. My poor Bahamians who perish for lack of knowledge from the voices they listen to. The truth is, "**it all depends**".
If you have a massive eyewall with strong winds, you may be able to say that. But for a storm like Melissa at cat-2 with highest winds extending 30miles... if you're 500miles away, .. like Inagua, you're getting a strong breeze and rough surf. So it matters. Why was Inagua evacuated but Long Island ignored? With a big production over the jumbo jet sent to Inagua?
But it seems like the new weather service bacswrn was supplying the weather(?). Oddly enough, The focus was Crooked Island, Ragged Island and Long Island were side stories. People actually commented that every other weather service was focusing on Long Island.
**This was an odd one for information dissemination and response**. They need to examine what went wrong, because they cant do this with a stronger storm.
On Residents voice frustration over repatriation delays after Hurricane Melissa
Posted 4 November 2025, 2 a.m. Suggest removal
ThisIsOurs says...
I'm not sure that anyone looking objectively at the response would use this for "promotion". So bad that today the response from the DRM was "*we've only been in place for*" was it a year or 2 years and "*we're always learning*". After 50 years covering numerous disasters and no less than Dorian.. we cant get plane flights or position of the eye of the storm and expected impact correct
On BACSWN assists DRMA, US Coast Guard with hurricane evacuation flights
Posted 3 November 2025, 8:54 p.m. Suggest removal
ThisIsOurs says...
It's TRUE that all politics is local
On Residents voice frustration over repatriation delays after Hurricane Melissa
Posted 3 November 2025, 8:46 p.m. Suggest removal