Warren thinks that he can't be punished if he quits coming to the trial. Hilarious. Yet quite effective at stalling. He found out that he was going to be indicted, so he handed back his licence. The Bahamas Securities Commission won't take it back. He pleads that he is no longer in business. The judge sees through that, and so he does the exact same thing again. He voluntarily quits. He tells his lawyer that he aint gonna pay them, so he is quitting the trial, just like he quit being a broker. This will not work. Like Robert Vesco, he will spend a lot of time and energy dodging and weaving. There will be a day when he will be boarding a private jet chartered by US Marshals and he will be wearing the finest silver handcuffs. Pure comedy.

OK, I understand the slow down, but aren't they equity partners? I don't understand why they are shooting themselves in the foot by dragging their feet??? Unless they had an ulterior motive for doing so.

Hmmm $800,000 to develop an internet portal? Hilarious, and three years later still not done. There are open source internet eCommerce platforms that they could have modified. For example there is PrestaShop, OpenCart, Magneto, Zen Cart etc. They all could be modified in a month and up and running in two, with payment processing and everything. Someone's pocket is being lined. Say "award winning concept" and "intellectual property"! LOL! The intellectual property is available online for free. The job could have been done for less than $100,000 in two months and even with hiring foreigners. Again another typical Bahamian project -- 10 times the cost and still not done!

Clever .. someone is playing games. Suppose you have deep pockets and want to eliminate your partner. Any you know that your partner is financed to the hilt. Maybe having cash flow problems due to a late opening? So what do you do? You drag your feet. Drag out the opening. Wait for the bottom line to turn into a big mess of red ink. Then you step up to save the day, but guess what -- you are the majority shareholder now.

This is just pure speculation, but if my name had very few syllables, these are the kinds of power games that I would play. Why else would an equal partner shoot themselves in the foot?

I look forward to the Roman circus that transpires when they have to appear before Auditor General. Muvva Pratt will bring her big, black, leather-bound Bible and invoke the name of Jesus several times, while calling on God to smite Mr. Bastian for denying the po' 'n helpless the fruits of the PLP, and Bulgy will have steam coming out his ears saying that Bastian has no right to question him, and sweating that Bastian won't find out that its his frens who gat da money, and refuse to answer, saying it is beneath his dignity and waistline, and then phonin' Perry to fix it. And Muvva Pratt will be shouting Hallelujahs and Praise Jesus to every question while thumping her Bible on the table. Then she will get the fits and have to go back to convalescing while Bulgy is steaming and crapping his pants. It will be a good show.

Since the regulator has no teeth, investing in any BISX company is fraught with danger. Look at how long Julian Brown's company was listed after it became apparent that it was a bankrupt criminal organisation. There are many other examples of BISX being the last to act even though it has the fiduciary responsibility to regulate. It is a joke. It is just pure theater pretending to be real business, and comments like that from the vacuous, imbecilic, dense, deficient, anencephalic like the ethically-challenged Gomez, is just pure insulting to every Bahamian who can think independently.

Farquharson must be one of the 90% of the civil service who is sadly substandard. He fails to realise that the reason one seeks foreigners is twofold -- productivity and work ethic. I have had the distinct pleasure of hiring semi-professional Bahamians. One asked me when the potential start date was, and then said that he would like two weeks holiday pay and would like to take two weeks vacation before he had even worked one hour, and get paid for it.

And as for papered Bahamians, (ie credentialed professionals), they may have qualifications but not the experience of the business culture that the foreign businesses operate in back home. Exposure to a variety of business lines and situations minimises OJT (on job training) and ramps up productivity immediately. Business in the Bahamas is quite parochial, and a culture of efficiency is not inculcated into Bahamians with no foreign work experience.

When I was transferred by the bank to head office for training, it was a total culture shock. The workload is three-times what it was in the Bahamas. I was expected to operate independently and make my own decisions and garner the praise or suffer the consequences of them. My supervisor was not the paternalistic, micro-manager as in the Bahamas. Emails were answered within the hour, not within the week or perhaps never as in the Bahamas.

I was expected to know compliance software packages, financial packages, CRM (customer relationship management packages) etc. I can totally understand why foreign work experience is desirable.

And Farquharson shows his ignorance when he blithely denigrates language requirements. Someone should quietly draw a cartoon (so that he would understand) that there are four official languages of Switzerland (German, French, Italian and Romansh) and the vast majority of business now is in South America where Portuguese is required to deal with clients in Brazil, and Spanish for most of the rest of South America. French is necessary to deal with Quebec French Canadian expats. We have that whole range of linguistic capacity in our department, and my employer even hired a Spanish tutor for me.

I just wish that Farquharson would realise his own ignorance, and stop scaring off what is left of financial services.

The PLP think that all Bahamians are stupid, and will believe anything they say. Fortunately that only applies to the apologists who frequent here. A little "Birdie" told me that.

Never mind the US, the Chinese have a dossier on Fred that is thicker than 4 New York phone books. Apparently it includes Phillip Miller who was consul at the time and that infamous time when they were in China last.

LOL @ birdie