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Debt to equity

EDITOR, The Tribune.

Bahamas Can’t Lose over Baha Mar outcome – Tribune Business - September 14, 2015

It is always nice to have that voice of experience, offering advice and counsel in matters where they have themselves excelled.

I was surprised, however, that Mr Wilson, the developer of the Cotton Bay Club, scheduled to have its soft opening in December of 2006, (http://www.eleuthera-map.com/starwood-cotton-bay.htm) did not suggest to Mr. Izmirlian that a good financial option for Baha Mar would be to get his financiers, China Import Export Bank, to convert the project’s debt into equity. Mr Wilson certainly knows how that works.

BRUCE G. RAINE

Nassau,

September 14, 2015.

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