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Certain Bahamians got very nice multi million dollar units over looking central park in New York ...Chinese money long
The embassy already bought property to move
The money is no gift .B/c the company is in winding up under our laws ,the ex gratia , is to get around the court which has to see all unsecured creditors as equal ,meaning if one gets 100% all get !00%.This is not a gift from the Chinese I am willing to bet this payout and any monies to finish Baha mar have been guaranteed by our treasury .If it ever sells China will get theirs and PGC will tell us how we are proud owners of the tourism pie .If it makes a profit it will be funneled through the hotel corp ,,where Baltron Bethel first perfected the art of the skim ..
The government should have chosen one of the companies that wanted to build ,own and operate a new plant and guarantee us a 28cent per kilowatt rate, when you put out 500 million of your own money you work hard to get it back ,,when meters are not spinning an power company is not earning . ..One Powersecure never realized our labour issue or two they are quite content to be paid well to be the fall guy .
I will bet my left pinkie we signed on the dotted line to guarantee w/ our treasury any money the Chinese put into Baha mar from this point on . IF it is ever sold the Chinese will get theirs first and PGC will come out and say we now have a piece of the tourism pie .And if by some miracle Baha makes money and pays us for our equity staked it will be funneled through the Hotel corp where cronies and lovers get their cut w/ the treasury getting the crumbs .
I will bet my last dollar our government guaranteed by way of a loan anything CIXM spends from here on out on Baha mar .IF ,and that's a gigantic IF, it ever sells the Chinese will get theirs first and PGC will tell us how we now have an equity stake in the tourism pie which our treasury will never see a cent from ..
Its our money ..I bet my last dollar our treasury has guaranteed the loan to the Chinese bank for every penny they put into Baha mar and when and IF it sells the Chinese will get theirs first and then Christie will tell us how we the Bahamians now own a piece of the tourism pie .The treasury will not see one red cent for our piece of the tourism pie ,,can you say Ambassador Beach all over again ,,now the scam is for billions instead of millions ..
This is just red meat for their under educated base with the election coming .Sandals meet with the government and told them what they are going to do ..The really problem is I bet both my pinky fingers our treasury guaranteed the billion dollars from China to finish Baha mar ..And when there is no buyer for that white elephant they will tell us how lucking we are to own a piece of the tourism pie ..With Cuba opening and home rentals the new thing we will be one third owners in a decaying ghost town on Cable beach
Read my comment Banker , I figured that long ago .After the election we will get told how we now own a piece of the tourism pie ..As you said the new thing is home away ,,airbnb ,,even Cuba is booming w/ casa to rent ..
Its not hard to figure out ,,we the Bahamian people through our treasury have guaranteed the loan on the next billion to be dumped into Baha mar ..It it ever sells we will get whatever is left after China gets their money or an equity stake ..After the election Perry will announce how we the Bahamian people own a piece of the tourism pie .If qualified people are not brought in to run it and left alone to do so ,it will be another Ambassador Beach hotel .Run by political cronies and friends and propped up the treasury .It will lose money hand over foot ,tarnish our tourism product and be sold for pennies on the dollar ..
Last login: Sunday, September 25, 2016
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