Comment history

realitycheck242 says...

Exxactly ...you can Credit the IPO's for Cable Bahamas, Commonwealth bank, Commonwealth Brewery, Arawak cay port to HAI FNM administrations.The PLP floated a plan about a Bahamas food services IPO to the Bahamain public when they were bought out by the american company Sysco foods, but just like most things they do. That was swept under the rug.and nothing has been heard from that since..

realitycheck242 says...

The Christie administration model for the sale of Alive shares in holding Co goes against the Minnis administration stated policy objective of creating a ‘shareholder society’ and spreading the wealth creation/accumulation more widely among Bahamians. An IPO is the way to go with bottom up distribution of the allocated shares. Alive now has a track record so the argument about not going the IPO route does not hold. Cable Bahamas took a few years before they payed their first dividends. so will Aliv. Growth in the value of the Aliv shares can be expected after the IPO and the majority can benefit.

realitycheck242 says...

This administration needs too adjust the terms of this offering and change the Christie administration offering model to include the Small retail investors and individuals who have brokerage accounts and are interested it purchasing Aliv holding co shares. As it stands now there are thousands of Bahamians who are not apart of pension funds, mutual funds and credit unions and would like to paticipate in this offering. ...come on advisers you and the Board can convince them to change it ..If "ts the people time" Let the Institutions eyed use their funds like they traditionally do ..no one would miss their money. The offering would still be over subscribed.Convince the Gov to go the IPO route Aliv can sponsor the IPO ..they seams to have enough funds on hand to be sponsoring every event happening in this country at the moment...Staff at **BTC** and **BEC** who are getting packages can now become owners and feel like they have really accomplished something after years of hard work for those companies. Something that they can leave to their children and grand children. Only then would this truly be covering the broadest possible spectrum of Bahamian ownership and give everyone an equal chance to become a part of the share holiding society. As it stands now this offering discriminates aganist the Bahamian investing public....Fix it, make it right !

realitycheck242 says...

The Bahamas moving at a snale's in the area of renewables. One year after the gov promised to make a small island like Ragged Island 100% solar and renewables. we have yet to get an updated report. Countries like Costa Rica now gets 99% of their electricity from renewable sources. Countries like Iceland and Ethiopia are at 100%. We need a renewable energy policy with a plan and objective timetables with deliverable dates. That's what other countries are doing. Big countries like China is at 25% and the USA is at 14%.we maybe still below 2%. Putting LNG at clifton is a step in the right direction but even that source is not considered renewable Our neighbor Cuba who is still facing an embargo is around 4.2% in renewables. . The world is eating our lunch in this area.

On Fuel bills set to soar

Posted 21 May 2018, 2:06 p.m. Suggest removal

realitycheck242 says...

When you aint gat much native food choice, and you surrounded by fast food joints. and you dont have the prep time for native foods foods because of the fast pace of city life, Ya taste buds does change over time....Kids today for the most part only know fast food. Ya see we want be like americans, so we eat like Americans... so now we getting american deseases. We dont make make their salaries so cheap food and all the peservatives and antibotics in them have replaced native food unless you still live in a southern family island.

realitycheck242 says...

The Central Bank facts says it all. Over 90% of Bahamians do not have or have less than $1000 in their Banks Accounts. Over 4000 Residential and Business mortgages in arrears or have failed . The increase in persons depending of social services. The slow growth in the economy since the recession began. If you live in Nassau you would see there is a noticeable increase in street beggars on most corners or around the shopping areas. The statistics above only explain the tip of the icebearg. The effect that Gambling has on Families and house holds is just beginning to emerge.. I am sure you have heard the stories coming out of Freeport. .

realitycheck242 says...

The good news for mother Earth is In 2012, the world relied on renewable sources for around 13.2% of its total primary energy supply. In 2013 renewables accounted for almost 22% of global electricity generation, and the IEA Medium-Term Renewable Energy Report 2015 foresees that share reaching at least 26% increase in 2020. The improtance of oil as a energy supply is decreasing as the years pass.

On Fuel bills set to soar

Posted 21 May 2018, 6:05 a.m. Suggest removal

realitycheck242 says...

You missed out the Russian effect on world oil prices, Russian supplies 12.6 % of the total. The US follows with 12,2%. OPEC leader Saudi Arabia leads with 13.4% of the total. world supply.. Russia president Putin has signed an agreement with the Saudi's to cut back oil production. That is the main reason for the rise in global prices..Russia needs the price to go up to boost its economy.. Sanctions from the west has caused Russia to cut back on military spending.

On Fuel bills set to soar

Posted 21 May 2018, 5:57 a.m. Suggest removal

realitycheck242 says...

The middle 40% you speak of have been reduced to 20% since the recession began in 2008. The bottom 40% have also expanded to 60% .....real talk.

realitycheck242 says...

Boy JOHN...thats some reality stuff from back in the day. I was able to figure out your age range from that one paragraph. Take it easy senior citizen.