Sheep, Bahamians are either too unsophisticated, from a financial standpoint, or just don't have the financial means to invest, to make a IPO a viable option for the country or Sebas (see: Atlantis failed IPO, illiquid trading on BISX). The government nor the Commission should force this option (neither of whom have the legal power to do so, by the way). What the government should do, instead, is to utilize the Commission's new crowdfund laws and make Island Luck donate to all viable SME projects. If those projects are successful then perhaps wealth will start to spread around to all Bahamians...and then, those SME companies and, ultimately Island Luck, et. al., can conduct IPOs.

Point taken, Mudda, can't argue your comment. If its any consolation, Viana Gardiner is the new breed of public servant that we Bahamians all deserve. Now, will she be allowed to do her job without political interference...

And, generally speaking, our climate is much too hot, John.

Mudda, I don't necessarily disagree with your "numbers" stance. However, to suggest our financial services sector is doomed due to the numbers boys is just not true. Arguably, our sector has been doomed since pre-majority rule days (I am old enough to remember); and, inarguably, our sector was target for destruction in 1998 (this caused us to amend our legislation in 2000). So, please, save your rants against the numbers boys for a more appropriate time.

sheeprunner12, you are truthful in your response, but not accurate. Yes, the founders of the big tech firms were mostly (but not all!!!!!!!!!!!!) college dropouts. Plus, look at the schools they dropped out from, harvard, mit, stanford, cal tech! These weren't "D" average high school students with an idea. By and large, these were 98th quartile intelligent humans who conceived an idea and reaped profound benefits. Proudloudandfnm raises a valid point regarding how our Bahamians will be trained.

BahamaPundit, you are quite ignorant. And, I don't say that to be rude. Perhaps, instead of looking up staff pictures, you should check the independent audit financial statements for urca, bisx and the Securities Commission and you will see that the amount of subvention each receives is quite small.
But, of course, I am sure that facts are not what you are after....is it?

I wonder if these so called entrepreneurs are aware that the Bahamas has crowdfund legislation. So, instead of begging old, set in their stone Board Members for funds, they can actually come to the Public for funding. If the project is viable that is, which, 9 times out of 10, the project is pie in the sky.

Sheeprunner if you have the evidence to back up your claims please provide it to the police so we can deal with these matters once and for all. Otherwise, stop posting nonsensical, hysterical idiocy on this site please.

One day Neil Hartnell will learn how to write a coherent article. Geez, his articles are all over the place.

Mudda, you know sometimes I disagree with you...but on this point, I have to agree. Why do we need a committee for this?