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With our price structure and Cuba opening ,we better hope the Chinese money don,t stop .We can,t even provide reliable power even though are electricity rates are one of the highest ,by far , in the region ..
Its not about paying the workers ,its about not recognizing the US court so The Chinese can force Izzies hand PGC are backing the horse w/ the most money
@Birdie There are many hotels in Cuba built by foreign firms ,Ibostar ,There are 3 sandals , The Chinese have invested over 800 million in the last year and are starting direct flights .London Regional just started a 500 million development and are selling lots and condos w/ free and clear titles ,,Your xenophobia and religious simplicity that somehow a sky god has blessed the Bahamas is amusing but not factual in the least
Izzie wants to get out cheap ,,instead of paying the Chinese what he owes them or giving them more equity he wants to stiff them for pennies on the dollar in a US court ..The Chinese can wait him out or tell him f,,k off ,with Cuba opening Izzie does not own the cards he once did ,,This 80 million is the first money Izzie put up he borrowed 200 million to buy out PGC client Ruffin w/ the land as guarantee ..The Chinese don,t need Bah mar for our vote in the UN ,they can buy our politicians out right for 5 to 10 million,,
And when Cuba has everything we have ,beaches ,sun ,and much more including better service .Whats in it for Cuba to do two for one w/ us ,just to be nice ,,you know business does not work like that .I had some wealthy people from Denmark that were in Cuba and came here ,Exuma ,for a week .Four of them cut short there week and went back to Cuba ,they could not believe how bad our service was ,how a bar tender could be in the weeds with 50 guest at the bar ,how a waitress could not get a table of 6 orders right ,,One lady and i got along and she stayed ,but see said Cuba has the same beaches ,better night life ,culture ,history ,,,
Tals PGC signed the first heads of agreement w/ Izzie/Baha mar ,,Ingraham made some changes but honored it ,,Would it of looked good not to honor it Izzie can finish the Chinese just want more equity ,,Izzie wants to stiff em
Izzie could of got the Chinese to finish but would not give more equity ,,the only real money Izzie has in is the 200 million he borrowed from Scotia to buy out Ruffin ,and he probably put the property up for that ,not his own guarantee w/ PGC blessing
Baha mar was too big ,.The problem with 25 to fifty room hotels b/c of our labor cost , ineffiencies ,theft, power cost with what you have to charge per room its too steep and you don,t make money ..The only ones that do ,Abaco ,or marinas like Staniel cay is where there are high end yacths ,Marlin tournaments
China would have giving more financing but they wanted more equity ,SI decided to use courts to try and stiff them ,Read Baha mar runs out of money today
@Banker ,the Chinese would of put more money but they wanted more equity ,instead S ,I who basically is like someone that holds property w/ a down payment ,200 million borrowed from Scotia ,then goes and looks for buyers/developers w/ money would rathersue,seek the courts protection than give more equity
Last login: Friday, July 17, 2015
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