This is what happens when you enter shark invested waters without the necessary gear. How can an entity be equity holder ,creditor and customer? I am no financial wizard, by far, but why would you put your company in such a position? Greed is a serious thing. I guess those large upfront fees and commissions overshadowed the jeopardy involved. 735 investors wowwww could this be the "Bernie Madoff" case of the Bahamas?
We have learned that the selling of these utilities must be done in a manner which will be beneficial to the Bahamian population at large. We cannot only look at improved service (BTC seems to be lousier than before) we must now look at how these sales can empower our citizens financially. These companies such as gbpc, btc, Bahamas Consolidated Water at the end of the day take huge profits and send them to their home companies in other countries. If we are going to liberalise these markets we cannot give these entities monopolies for such long periods. We should be able to invest in these corporations through IPOs from the onset and look at ways to keep some of these profits here through creation of vendors that these companies may need. We need to prepare ourselves for ownership not consumerism. Educate yourself make sure your children are getting "ownership education". These things may seem drastic to the public sector but opportunities abound.
From an inside source the good Chairman fail to mention the allegations of the Corporation's xmas party now being held at a bowling and entertainment emporium. A million dollar parking lot. Employees who have been dismissed for various offences hired again. Foreign contracts with alleged million dollar kickbacks being signed. And consumers with huge amount owing to the Corp still being uncollected. the corrupt plp is back and full swing. This some of these fellas last stand and they taking every copper with em.
akbar says...
Not to mention quickly deploying profits back to Canada!
On Scotiabank: No BISX listing plan
Posted 16 December 2012, 8:22 a.m. Suggest removal
akbar says...
This is what happens when you enter shark invested waters without the necessary gear. How can an entity be equity holder ,creditor and customer? I am no financial wizard, by far, but why would you put your company in such a position? Greed is a serious thing. I guess those large upfront fees and commissions overshadowed the jeopardy involved. 735 investors wowwww could this be the "Bernie Madoff" case of the Bahamas?
On Collapsed entity’s $5m holding in BISX firm
Posted 16 December 2012, 8:16 a.m. Suggest removal
akbar says...
We have learned that the selling of these utilities must be done in a manner which will be beneficial to the Bahamian population at large. We cannot only look at improved service (BTC seems to be lousier than before) we must now look at how these sales can empower our citizens financially. These companies such as gbpc, btc, Bahamas Consolidated Water at the end of the day take huge profits and send them to their home companies in other countries. If we are going to liberalise these markets we cannot give these entities monopolies for such long periods. We should be able to invest in these corporations through IPOs from the onset and look at ways to keep some of these profits here through creation of vendors that these companies may need. We need to prepare ourselves for ownership not consumerism. Educate yourself make sure your children are getting "ownership education". These things may seem drastic to the public sector but opportunities abound.
On ‘Out of whack’: Wall Street downgrades the Bahamas
Posted 16 December 2012, 8:03 a.m. Suggest removal
akbar says...
Unless you want to speak to the former chairman Mr. Moss about the alleged bill forgiveness his administration agreed to.
On Call for end to estimated BEC bills
Posted 16 December 2012, 6:37 a.m. Suggest removal
akbar says...
From an inside source the good Chairman fail to mention the allegations of the Corporation's xmas party now being held at a bowling and entertainment emporium. A million dollar parking lot. Employees who have been dismissed for various offences hired again. Foreign contracts with alleged million dollar kickbacks being signed. And consumers with huge amount owing to the Corp still being uncollected. the corrupt plp is back and full swing. This some of these fellas last stand and they taking every copper with em.
On Chairman says electricity company is set to lose $16.3M this year
Posted 6 December 2012, 6:04 p.m. Suggest removal