Pulse Rights Issue oversubscribed

Investors seem to be finding real value in Pulse’s stock. Pulse investments is reporting that their latest Rights Issue, which was opened to shareholders on record as of May 5, 2008, has been oversubscribed. The Rights Issue closed on Monday May 26, 2008. On offer were 18 million shares at $7 dollars per share.  According [...]

TCIFX.Com no longer points to Lewfamclub.com

Earlier this morning we discovered that tcifx.com was pointing to lewfamclub.com. However, it appear that things have changed and it no longer is happening. The domain tcifx.com now reports the following error, “Bad Request (Invalid Hostname)”.
What we do know is that tcifx.com domain name is owned by  the same company responsible for the development [...]

TCI FX now Lewfam? (updated)

There is an interesting development in the Olint,Lewfam and TCI FX saga. A few days ago, a visit to tcifx.com would have lead to a page saying “Under Construction”, today a visit shows that TCI FX is now LewFam Investments. This is very interesting as the tcifx.com now points to the same address as lewfamclub.com.
LewFam and Olint [...]

REIT IPO take up slow

The Carlton Savannah’h IPO has so far had a lukewarm response. Up until Wednesday of this week brokers have reported that things have been slow.
The Jamaica Gleaner Reports,
Brokers yesterday said that take-up of the J$1.254 billion initial public offering (IPO) by a Jamaican-based real-estate investment fund has so far been slow, but that offer could [...]

Forex to Ponzi Part 2

Roberts claimed that the returns from Forex Trading was good. The interest paid to “investors” ranged between 4% to a high of 10%. In the USA, he even shared with them the historical data to prove it. Investors were asked to send money overseas to an investment account in Costa Rica, where he also had operations, [...]

Micheal Lee-Chin’s Investment pays off

When Micheal Lee-Chin bought NCB I am not sure he dreamt that  in six-years his investment would pay off so quickly.  The Observer presents a very interesting peice worth reading
Yesterday, National Commercial Bank’s (NCB’s) share price closed on the Jamaica Stock Exchange (JSE) four cents lower than the day before. But for Michael Lee Chin, [...]

World Wise injunction extended

The injunction against RBTT closing World Wise’s accounts has been extended. The Supreme Court granted a 7-day extension which ends on June 4, 2008.
World Wise is fighting to keep its accounts open after RBTT advised them that they were going to closed their accounts
Related

World Wise injunction against RBTT expires today
World Wise at odds with RBTT

Silence on the Olint’s case against NCB

Almost one week later, we are yet to hear when the the ruling on injunction granted by the courts prevented NCB from closing OLINT’s banking accounts would be available. In meanwhile a lot has been happening in OLINT’s world.
The David Smith led OLINT outlined new procedures and policies. The procedures first outlined that persons needed to update their [...]