A Stanford -Olint link ?

There are speculations that there may have been a link between  David Smith’s   Olint and the Allen Stanford group.
In today Herald,  law professor David Rowe, seems to be suggesting that there may indeed be such a link.
He further suggested that Olint investors funds may have also been funneled into the Stanford Group of Companies, without [...]

Long Week-end for Smith & Olint faithful

January 9, 2008 should have been a defining moment for the Olint faithful and the their leader David Smith. Instead the expected ruling was delayed until today January 12, 2008. What is not clear is how much difference a “postive ruling” by the judge in Turks and Caicos Islands will make.
How will the judge rule?
Although [...]

The value of regulation and disclosure – Part II

On June 25, 2008 I wrote the first part in a series on FX FOREX LIQUIDITY LLC.
The company was brought before the courts by the regulatory agency – the CFTC, for falsification or misrepresentation of its financial records. The company was found to be undercapitalized from March 2007, but provided data to show otherwise.
I [...]

Investing is for gains not for losses

There is this nonsense going around about “I invest what I can afford to lose”.
Which “good” investor, invests to lose? What really is investment? Let us define this:
Investing: the act of committing, laying out money or capital in an enterprise with the expectation of profit.
Money is invested with an expectation of profit. [...]

The value of regulation and disclosure

Some folks have sought to use the failures of a number or prominent companies to downplay the importance of the financial data produced by these companies.
They have even sought to suggest that the information is meaningless and will not help you to determine if the company is failing.
I know I have never sought to suggest [...]

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 [...]

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 [...]

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, [...]