Comment history

newcitizen says...

I don't think Bran understands how Chapter 11 Bankruptcy works. The company does not just halt all operation, in fact chapter 11 is designed for the company to still operate while attempting to restructure it's debts. Did Atlantis close down while they went through Chapter 11 bankruptcy a few years ago? Bahamar will continue to try and complete work and will open as soon as possible even if they are still going the the bankruptcy process.

Bran is completely speculating while having done no research.

On Bran: No Baha Mar until 2017

Posted 2 July 2015, 4:35 p.m. Suggest removal

newcitizen says...

Why does everyone here always live in the past ... 'oh he didn't say anything before' 'oh, well the last guys did this' 'oh it was the previous people who caused that problem' 'oh he didn't believe that years and years ago so he can't have changed his opinion'. This country is so stuck in what happened yesterday that people never look to see what might happen tomorrow.

newcitizen says...

You don't get rich or stay rich by betting your own money

On Baha Mar ‘showed contempt to nation’

Posted 2 July 2015, 12:52 p.m. Suggest removal

newcitizen says...

They already built the road. They built it years ago and the government never paid them. What are you going on about?

newcitizen says...

What are you talking about? There is nothing illegal about declaring bankruptcy, or not warning people before hand.

newcitizen says...

Tal, sources from the Bahamar board even stated that this was something done in the dark and that they did in fact blindside the government

newcitizen says...

Tal, what money did they accept from the taxpayers? Are you talking about the money they were owed for the road work they did?

newcitizen says...

Tal, that's not how it works. Just like you don't warm people the days before they are getting fired. There are a number of legal options for all of the creditors if they knew this was going to happen. You keep this stuff secret and any accountants or lawyers working on it would not be saying a word to anyone. As well as the fact that much of the information presented in a filing is boiler plate and will be supplement throughout the process with better and more refined details. Bankruptcy is a process, it isn't just all laid out on the first day.

They also did not wiggles millions from taxpayer, that was money that was owed to them. The government was trying for year to wiggle out of paying them.

What do you really expect from a special prosecutor? First no one is being prosecuted, so you might want to say special investigator. What do you expect to find?

newcitizen says...

To be fair, they would have been given absolutely no indication of Bahama r filling for Chapter 11. Bahamar would have been extremely tight lipped about it. Telling anyone that you are about to enter into bankruptcy is not something you do. Some companies may use it as a negotiating tactic, but in this case I am pretty sure everyone was in the dark expect the Bahamar board.

newcitizen says...

The road works were not completed by CCA, they were done by Bahamar who contracted the majority of the work to ISD and Bahamas Hot Mix

On Baha Mar files for bankruptcy

Posted 1 July 2015, 12:38 p.m. Suggest removal