Also, given their banner year profitwise shouldn't they be giving a nice fat dividend to their shareholders instead of putting their hands out for my money?
I see the journalist here doesn't understand the local.market or stock markets in general. First of all a rights offering doesn't give you shares. It gives you the right to buy shares at a particular price. Sir Franklyn Wilson stated that you get 10% immediately from participating in the rights offering. What arithmetricks is this? A seller is allowed to offer their shares for sale up to 10% above or below the existing market price. You can only say it's 10% if the price has already moved upwards by 10%. A seller could come to the market tomorrow and sell at $4.50. So, based on his logic this is a 10% loss.
Why are they looking for funding when they had a record year profitwise? Also, they had started a buyback. I don't recall them stopping. So, how do you have a buyback then come back with a rights offering?
It's February 15th and they're open for this new offering next week but he hasn't disclosed what the funds are for. He can't be serious! This is a fundamental part of asking for the funding. This is a banana republic approach to the financial markets. In no other country would this garbage be allowed. Journalists need to be educated in journalism and not dictation.
Let's look at the facts shall we? There is a crime problem. What is the solution for this issue? There is excessive spending by this administration and the continued fattening of the public service which is the government's largest expense. So, crime, constant deficits which increases the national debt and the constant downgrading of our credit rating and his biggest concern is where the crime stories appear in the paper? That's some good drugs. If that hit the streets and ee own it we'll be out of the national debt by the end of the week.
If you are going to a doctor and you are blindly expecting them to do the right thing, you will get screwed over. Most of them are there to make money. It doesn't matter where in the world you are. You don't have a nice house, drive a nice car and live the good life without money. A lot of them will put their lifestyles ahead of you. I'm not saying all. There are some good ones still there but most of them will kick the Hippocratic Oath out the window for a buck.
Teo shots to get it right, aye? Someone should have whispered while he was speaking, "Psst! Psst! Mr. Minnis, weren't you Minister of Health and PM before? PMH was ok then?". Lol. These guys!
The great tourism idea is wifi? Lol. Lol. Lol. We have tons of things to do to improve out tourism product and the genius plan is charging for wifi downtown. Lol. Is this guy serious? We have derelict buildings stretching for about a mile. We have stray dogs, homeless people, roads with potholes, traffic lights that don't work, historical sites in disrepair, basically zero true Bahamian stores and the grand idea is wifi? And this ladies and gentlemen is your tourism minister. Lol. Time for all of us with the resources to move to another country.
As was commented above, wifi won't make someone come off a ship. If tounare charging for wifi are you telling Starbucks, etc they can not provide free wifi? So, you have wifi coverage from Arawak Cay to the Paradise Island Bridge? Cool! Does a smart city have about a half mile.or so stretch of derelict buildings, stray dogs and homeless drug addicts?
On the security side, do the geniuses here have the capability of properly securing the connections?
Ummm...he didn't know this was an issue while he was PM aye? A state of the art hospital. Yes Sir, coming right up! We'll use the imaginary money given to us by the leprechauns to pay for it.
trueBahamian says...
Also, given their banner year profitwise shouldn't they be giving a nice fat dividend to their shareholders instead of putting their hands out for my money?
On ‘Pregnant with opportunity’: FOCOL’s $25m rights issue
Posted 15 February 2024, 11:08 p.m. Suggest removal
trueBahamian says...
I see the journalist here doesn't understand the local.market or stock markets in general. First of all a rights offering doesn't give you shares. It gives you the right to buy shares at a particular price. Sir Franklyn Wilson stated that you get 10% immediately from participating in the rights offering. What arithmetricks is this? A seller is allowed to offer their shares for sale up to 10% above or below the existing market price. You can only say it's 10% if the price has already moved upwards by 10%. A seller could come to the market tomorrow and sell at $4.50. So, based on his logic this is a 10% loss.
Why are they looking for funding when they had a record year profitwise? Also, they had started a buyback. I don't recall them stopping. So, how do you have a buyback then come back with a rights offering?
It's February 15th and they're open for this new offering next week but he hasn't disclosed what the funds are for. He can't be serious! This is a fundamental part of asking for the funding. This is a banana republic approach to the financial markets. In no other country would this garbage be allowed. Journalists need to be educated in journalism and not dictation.
On ‘Pregnant with opportunity’: FOCOL’s $25m rights issue
Posted 15 February 2024, 11:02 p.m. Suggest removal
trueBahamian says...
Let's look at the facts shall we? There is a crime problem. What is the solution for this issue? There is excessive spending by this administration and the continued fattening of the public service which is the government's largest expense. So, crime, constant deficits which increases the national debt and the constant downgrading of our credit rating and his biggest concern is where the crime stories appear in the paper? That's some good drugs. If that hit the streets and ee own it we'll be out of the national debt by the end of the week.
On Unfettered press is key to democracy
Posted 15 February 2024, 10:42 p.m. Suggest removal
trueBahamian says...
Sounds like an old saying is appropriate here, "Evil triumphs when good men do nothing".
On Weakened media helps ‘Brave’
Posted 15 February 2024, 7:55 p.m. Suggest removal
trueBahamian says...
Why is this bill $200k? I think the public should get a breakdown of this and all other projects in this country?
On Queen’s Staircase set for $200k restoration
Posted 15 February 2024, 7:42 p.m. Suggest removal
trueBahamian says...
If you are going to a doctor and you are blindly expecting them to do the right thing, you will get screwed over. Most of them are there to make money. It doesn't matter where in the world you are. You don't have a nice house, drive a nice car and live the good life without money. A lot of them will put their lifestyles ahead of you. I'm not saying all. There are some good ones still there but most of them will kick the Hippocratic Oath out the window for a buck.
On ‘Do whatever it takes to fix confidence in country’s health institutions’, says Minnis
Posted 15 February 2024, 7:36 p.m. Suggest removal
trueBahamian says...
Teo shots to get it right, aye? Someone should have whispered while he was speaking, "Psst! Psst! Mr. Minnis, weren't you Minister of Health and PM before? PMH was ok then?". Lol. These guys!
On ‘Do whatever it takes to fix confidence in country’s health institutions’, says Minnis
Posted 15 February 2024, 7:31 p.m. Suggest removal
trueBahamian says...
The great tourism idea is wifi? Lol. Lol. Lol. We have tons of things to do to improve out tourism product and the genius plan is charging for wifi downtown. Lol. Is this guy serious? We have derelict buildings stretching for about a mile. We have stray dogs, homeless people, roads with potholes, traffic lights that don't work, historical sites in disrepair, basically zero true Bahamian stores and the grand idea is wifi? And this ladies and gentlemen is your tourism minister. Lol. Time for all of us with the resources to move to another country.
On Govt announces partnership for downtown WiFi coverage
Posted 15 February 2024, 7:28 p.m. Suggest removal
trueBahamian says...
As was commented above, wifi won't make someone come off a ship. If tounare charging for wifi are you telling Starbucks, etc they can not provide free wifi? So, you have wifi coverage from Arawak Cay to the Paradise Island Bridge? Cool! Does a smart city have about a half mile.or so stretch of derelict buildings, stray dogs and homeless drug addicts?
On the security side, do the geniuses here have the capability of properly securing the connections?
On Gov’t to split ‘smart city’ money streams with Aliv
Posted 15 February 2024, 7:22 p.m. Suggest removal
trueBahamian says...
Ummm...he didn't know this was an issue while he was PM aye? A state of the art hospital. Yes Sir, coming right up! We'll use the imaginary money given to us by the leprechauns to pay for it.
On ‘Do whatever it takes to fix confidence in country’s health institutions’, says Minnis
Posted 15 February 2024, 7:08 p.m. Suggest removal