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ArawakX ‘good undeniable’ yet KC confident on full winding-up

ArawakX’s president says “nobody can deny the good” it achieved as Securities Commission attorneys hailed the appointment of provisional liquidators as vital to “protecting the capital markets”.

Bank denies ArawakX settlement negotiations

ArawakX’s belief that it stands to win “significant damages” from Bank of The Bahamas is being contested by the BISX-listed bank which says the two sides “have not engaged in any” settlement talks.

Ex-ArawakX finance chief’s ‘browbeat’ claim ‘laughable’

ArawakX’s president has branded as “just laughable” claims by its former chief financial officer that he was “browbeaten” into using a loan from its major investor to pay sums due to the Red Lobster franchise.

ArawakX: Wind-up to cause ‘serious harm’ on BOB battle

The Bahamas’ first-ever crowd-funding platform will suffer “serious harm” if it is placed into provisional liquidation before it can pursue or settle its legal battle with Bank of The Bahamas over the freezing of its accounts.

ArawakX denies client fund ‘commingling’ allegations

The Bahamas’ first-ever crowd-funding platform has vehemently denied there is any “ongoing commingling” of client and company funds and blamed an “accounting error” for the only occasion this occurred.

ArawakX slams ‘ridiculous’ capital market threat claim

The Bahamas’ first-ever crowd funding platform has slammed as “ridiculous” assertions that it poses a threat to capital markets integrity while accusing regulators of portraying it as a “Mom and Pop” operation.

ArawakX won’t give top investor his 22%

The Bahamas’ first-ever crowd-funding platform plans to bar its largest investor from taking a 22 percent equity stake in the business following the fall-out that triggered its present regulatory woes.

ArawakX blames BOB ‘mislabel’ for fund commingling allegation

The Bahamas’ first-ever crowdfunding platform is alleging that the “mislabeling” of its accounts by a BISX-listed bank created the “prejudicial impression” that it was commingling investor/client funds with its own.

ArawakX: Our ‘$70m pipeline’ is neglected

ArawakX’s chairman is asserting that regulators are placing too much emphasis on “accounting law” and ignoring “pipeline” business that could be worth up to $7m in fee income for the platform.

‘Lucrative prospects’: ArawakX refutes $2.4m insolvency woes

The Bahamas’ first-ever crowd-funding platform is asserting it has “lucrative prospects” rather than a $2.4m solvency deficiency as it bids to defeat the Securities Commission’s bid to wind-up its operations.

ArawakX dismissed top investor as ‘over his head with Fintech’

ArawakX’s chairman dismissed the company’s largest investor as someone who “can’t use a computer” and was “over his head on Fintech” after he turned whistleblower over its financial, governance and regulatory concerns.

ArawakX hit by claim of ‘criminal infraction’

The Bahamas’ first-ever crowd-funding platform has a solvency deficiency of “at least $2.4m”, regulators charged yesterday, while accusing it of “governance irregularities, regulatory breaches and possible criminal infractions”.

ArawakX’s fate now in Supreme Court hands

The Supreme Court will hear arguments from all sides on October 13 as to whether The Bahamas’ first-ever crowd funding platform should be wound-up due to regulatory concerns about its solvency and operations.

ArawakX suspension extended to Monday

The Bahamas’ first-ever crowd funding platform yesterday saw its registration suspension extended until September 18 as it pleaded for more time to address Securities Commission concerns over its solvency.

ArawakX to fight solvency shut down bid ‘all the way’

The Bahamas’ first-ever crowd funding platform last night pledged to “go all the way to the Privy Council” if the Securities Commission moves to shut it down over “solvency” concerns following a key hearing today.

Rahming: Arawak X will push The Bahamas to a ‘greater arena’

The Arawak X crowd funding platform is moving offshore services near-shore says the company’s chief executive officer.

The Tribune

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