Fruendel Stuart (r) Arthur (l) won the Integrity race last general election

Cahill Energy Agreements EXPOSE Prime Minister Stuart as Withholding the Truth from Barbadians

In her response to the budget of  June 2015 leader of the Opposition Mia Mottley gave impetus to the Cahill Energy debate when she shocked the country with the revelation that four ministers (Darcy Boyce, Denis Kellman, Chris Sinckler and Denis Lowe) had signed a Power Purchase Agreement with Cahill Energy dated 15 March 2014.

Signatures of Ministers Boyce, Kellman, Sinckler and Lowe on the Power Purchase Agreement

Signatures of Ministers Boyce, Kellman, Sinckler and Lowe on the Power Purchase Agreement

The government defended (not very well) the agreement with the Claire Cowan Cahill Energy company, however, subsequent events have proved the Fruendel Stuart led government withheld vital information from Barbadians.

Barbadians were NOT told that on the 13 September 2013 Prime Minister Fruendel Stuart signed a Heads of Terms Agreement related to Cahill Energy that committed the government to specific deliverables which have cost and legal implication for Barbados. For example, clause 5 of the agreement reads as follows:

section 5, heads of term agreement.

Clause 5 of the Heads of Term Agreement

Why did the Prime Minister remain silent on the matter of his involvement during the June 2015 budget debate? Why did he not defend Minister Denis Lowe – who had lead responsibility – and the other ministers who were heavily criticized for their involvement with Cahill Energy?

Prime Minister Fruendel Stuart's signature next to Clare Cownan, CEO of Cahill Energy

Prime Minister Fruendel Stuart’s signature next to Clare Cownan, CEO of Cahill Energy

What adds to the Cahill intrigue is the letter (parts 1,2) signed by Prime Minister Fruendel Stuart dated 3 March 2014 addressed to Clare Cowan advising that Cabinet approval was obtained and the agreement with Cahill had been submitted to the Solicitor General’s Office as part of the required due diligence process.

In 2013 Prime Minister Stuart in his head to head with Owen Arthur won the debate on the matter of who was perceived to have greater integrity by the public. The Cahill Energy transaction has given justification to those who now question the honesty of our prime minister. The public announcement last week by Minister Denis Lowe  – forced by the No Confidence Motion – is not the final chapter in the book titled ‘Governance‘.

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216 Comments on “Cahill Energy Agreements EXPOSE Prime Minister Stuart as Withholding the Truth from Barbadians”

  1. Enuff May 20, 2016 at 10:02 AM #

    How much forex Rock Hard Cement using up and what’s the cost-benefit scenario? Is RHC wholly or partially manufactured in Barbados, and if not, will it meet the Caricom rules of origin for non-tariffs? If RHC is deemed to be an external good will it be able to compete with Arawak regionally? Will the company earn more Forex than arawak even if the repatriation of arawak earnings is considered? Multiplier effect/defect? #justasking.

    Like

  2. Pieceuhderockyeahright May 20, 2016 at 10:20 AM #

    I wonder if one of the pollsters in Barbados, either at the University of the West Indies, or at the Nation (soorryyyy Honourable BlogMaster that was a terrible curse word, it slipped out) I wonder if we could conduct a poll on how Bajans felt about the success of the March yesterday?

    I mean after all, look at the restitution of parliamentarian salaries and you come up with a realization that these fellers in General Election mode.

    Dem never had time to go pun de tv and radio stations and now dem all up in me house pun a nite when i tryng to see whu happening in football in Englant good old colonial pimp dat i is.

    Wunna cud use dis poster below to mek peoples come to wunna booth pun Broad Street

    Like

  3. Frustrated Businessman aka Republic my ass. May 20, 2016 at 10:48 AM #

    Enuff May 20, 2016 at 10:02 AM #
    How much forex Rock Hard Cement using up and what’s the cost-benefit scenario? Is RHC wholly or partially manufactured in Barbados, and if not, will it meet the Caricom rules of origin for non-tariffs? If RHC is deemed to be an external good will it be able to compete with Arawak regionally? Will the company earn more Forex than arawak even if the repatriation of arawak earnings is considered? Multiplier effect/defect? #justasking.

    That is all irrelevant.

    MM managed to get his DLP yard-dogs to remove the Arawak manufacturers’-protection import levies for cement. This was a secret deal between MM and gov’t; no publicity, no consultancy, no association lobbying. One day it was there, the next it was gone. This has never happened in the 30 years I’ve been in business, usually the lobbying by local groups for similar consideration (application or removal of duties) takes years and accomplishes nothing, but not in this case. Very similar to the duty-free deal to operate Bushy Park as a profit-making private company rather than the National Home for Motor Sport as it was intended to be. Seeing a MOF trend yet?

    Cement was imported from Portugal by Hardrock and sold from the flour mill compound (how does any Bajan get to use gov’t property for profit without going through the tender process and years of lobbying?) at a lower price than Arawak, then Arawak lowered their prices in response.

    Then Arawak’s mother-company Cemex (Mexican owners who bought Arawak’s Trini parent company after BDS Gov’t sold out our shares) bought the plant in Portugal which was supplying Hardrock.

    So now Arawak has a functioning port, mixing plant, bagging plant, established Caribbean sales network, international supply network AND NO IMPORT DUTIES ON FINISHED GOODS THANKS TO MM AND HIS TEEFIN POLITICIAN FRIENDS.

    Sounds like a self-solving problem to me.

    Like

  4. Well Well & Consequences May 20, 2016 at 10:49 AM #

    Negotiating factor for what AC…..bribes paid into the the politician’s or their mother’s bank accounts.

    Principled rules and guidelines applied to which objectove agreement…you , ean like the Cahill scam.

    You do realize if government were doing their jobs…Frustrated could never be on this blog telling the politicians how their jobs SHOULD be done..

    Like

  5. Well Well & Consequences May 20, 2016 at 10:56 AM #

    As soon as Maloney jumped in the newspapers talking about the truth, you know something dirty and corrupt went down between him and DLP government ministers and he is telling lies, hoping against hope that DLP makes it back in so they can all continue their usual corrupt practices….and if Mia is being 2 faced and fork-tongued……better for them.

    Like

  6. Bajanfuhlife May 20, 2016 at 11:02 AM #

    There is a new BLP game in town , it is called “Follow the Demon” and follow blindly. If not, you will be expelled.

    This Bait and Switch Strategy as an observer was telling me is so obvious. Here is the strategy and Owen Arthur talked about it in Parliament yard a few weeks ago:

    Mottley belives that she is more important than the BLP, She wants to make her brand more popular than the BLP brand as she knows if it is only BLP vs DLP she will lose. Her advisers have told her to SPIN ad advertise her political events and stunts as something for the people and non partisan, that is the BAIT – So you talk about higher level of governance and awarding of contracts (never mind you ad your cherry picked crony sucked the taxpayers dry at the Crab Hill Police station fiasco). You tell them not to wear party colours because it is “not political”- the bait is to increase your following. Remember it was “walk with me” not “walk with the BLP”.
    The switch is to get these concerned Barbadians who might not be BLP to believe that you will be their messiah and lead them to better conditions.

    Look for more of this garbage in coming weeks and months. The same telephone call that the political whore David Commisiong received to join the “march” is the same one that Macdowall and Beckles at the NUPW and her VOB mouthpiece Peter Wickham received.

    “Follow the Demon” continues…the BLP is just the convenient vehicle for the megalomaniac.

    Like

  7. Hants May 20, 2016 at 11:10 AM #

    We could have 4 political parties in the next election.

    THE PEOPLE’S Empowerment Party (PEP) is resuscitated, revived, re-energised, and ready to rumble.

    http://www.nationnews.com/nationnews/news/81434/pep-getting-ready-elections#sthash.T6D4pvQu.dpuf

    Like

  8. Enuff May 20, 2016 at 12:52 PM #

    So Maloney get trick? Who laff last, laff best.

    Like

  9. ac May 20, 2016 at 12:57 PM #

    The economic news can only get better as investors keep a closer watch on the performance of barbados economy and govtv strident approach of disabling shouts of doom and gloom
    The minister of commerce has been given a better advantage on which he can pursue benefitting from the economy gains of further bringing commercial business to our shore
    Btw all the blp yardfowls seems to have lost interest in yesterday yet another staging of Mia politicial campaign which felt flat on its face

    Like

  10. Tell me Why May 20, 2016 at 1:57 PM #

    Is this a coincidence or is a DLP strategist at work.

    The day of the No Confidence the Governor of the Central Bank rush and give his financial report. Now, the day of the March, all of a sudden the IMF gave a report. Wonder if another march is planned. Maybe, we might get the budget.

    Like

  11. Pieceuhderockyeahright May 20, 2016 at 4:52 PM #

    @ BajanfuhLife

    There is much in your name which while seemingly obvious is not so obvious.

    Not everyone who is born a Bajan is a Bajan or acts as a Bajan should.

    We have people who are born here that could as well have been born and lived all their lives on Culpepper island and have food thrown to them daily.

    IN fact sir not many people can make that pronouncement and mean it!!!

    THe much respected Donna, the lady who practices daily living a life in front of Our Lord, spoke a similar truth and quandary.

    How can we, in the face of inepts and dufusses, with our country on the brink of economic despair, under the direction of men and women who line their pockets with 5 million dollars for our muddah and tek 10% increases while we the common man suffer, how can we not make a choice for another band of hoodlums?

    How can we in the face of downgrades and unemployment at 25% and a murder a week not come to a point where we say we got to get rid of these mother effers?

    I more than you fear the wiretappers, and the Police Force bringing in Remington rifles and lying about their ultimate use!

    But where are to other men and women who will run?

    Where are the people with balls?

    Look at us, you BajanfuhLife and me Piece uh de Effing Rock Year Right, scared to blog under our real names because we fear the Troika!!

    All that love that you supposed to have and I proclaim to have AND WHO DO WE HAVE TO REPRESENT US?

    The Demonaic Lying Party led by a Sleeping Fumbler, the Barbados Labour Party Led by a Megalomaniac in Waiting, Solutions Barbados led by a schoolchild who wants to give murderers bouquets in Dodds financed by one Peter harris.

    And you and I, walk through Barbados fearful of a buller coming through your window in the ZR that you ar driving in and deading in the QEH horspital that cant even buy toilet paper to wipe our scvunts

    We are a nation that if we do not arise and do the right thing My GOD will do it for us and we would rather put a milestone around our necks and drown ourselves in the deepest part of the sea ratner that see the Vengeance of GOD

    Like

  12. ac May 20, 2016 at 4:53 PM #

    No it was not a coincidence it was the truthfulness of facts interacting with a convince of choice that bamboozled Mia strategy to demonize the govt with here overblown marches

    Like

  13. Well Well & Consequences May 20, 2016 at 5:24 PM #

    http://www.barbadostoday.bb/2016/05/17/bad-timing-reinstating-mps-10/

    AC…look…lol

    That is not going away, the severed works want their money, the BWA workers want their money, the civil servants want their raise, the public workers say they have not had a raise in many years.

    But the politicians are rushing to give themselves a secret raise.

    Talk about that…what march what, talk about the next march coming up involving the unions.

    Like

  14. ac May 20, 2016 at 8:10 PM #

    Notice how the blp yardfowls flew the bu coop after yesterday disappointing march.
    Chris Sinckler on Cbc had a message for the union with there great idea. Something for them to chew on

    Like

  15. ac May 20, 2016 at 10:00 PM #

    Like

  16. Well Well & Consequences May 20, 2016 at 10:21 PM #

    Keep provoking yhem AC…I will make sure to record the backlash.

    Like

  17. Colonel Buggy May 20, 2016 at 10:30 PM #

    But why did the Chairman of the SSA, Margot Harvey put hersignature to this Cahill document, when her name was excluded from the original document, and she had to add it in her handwriting. She should have demanded that the document be amended to include her particulars in print.

    Like

  18. ac May 21, 2016 at 3:05 PM #

    Heard Kammie Holder proselytizing on the subject of a “maybe”that “maybe”being generated in his minds eye with a concern of govt not putting full closure or reconsideration of having a WTE plant

    Like

  19. Well Well & Consequences May 21, 2016 at 6:27 PM #

    Kammie will be the one, combined with those on here who do unparalleled research…to shut down all those DLP ministers and business people sinister scams that affect the taxpayers.

    They will be exposed for the world to see…millions of people AC, so get used to it, as long as they continue.

    Like

  20. Gabriel May 21, 2016 at 7:24 PM #

    I agree with Kammie that this WTE is not over.In Guyana the Granger administration is currently looking at tenders for a WTE plant at their main refuse site.Lowe might not like to hear that tenders were invited and a committee set up to consider the process.

    http://www.stabroeknews.com/2016/news/stories/05/16/company-selected-for-waste-to-energy-project/

    Like

  21. David May 21, 2016 at 7:30 PM #

    @Gabriel

    Is the issue so much about WtE or plasma gasification.

    Like

  22. ac May 21, 2016 at 9:48 PM #

    Whatever the issue Kammie still seems to be shitting his pants with perceived concerns.in any case the govt has a right to reconsider any projects with given expert advise while steering clear of political operatives with fixated agendas

    Like

  23. Kammie Holder May 22, 2016 at 10:03 AM #

    @AC, good day to you. I am not easily angered nor shitting myself over the Waste To Energy plant. PEP`s and their proxies have not to worry about my incoherent noise but about the British Home Office, Canadian Embassy and US Embassy reports sent to their governments daily.

    How could someone be such a blind partisan to a political party? In addition, I am not celebrating Cahill until I see verification no financial penalties for termination of agreement as set out in MOU.

    A new entity out of Canada was having meetings on a Biomass Waste To Energy for over a year with entities in Barbados and touting zero emissions. Thus, get your facts right as they were on the ground here in Barbados as recently as last week and that was what the news clip was about.

    @AC, you have your selfish reasons for your rock hard support of your political party. Unfortunately, the political operatives defend their masters to ensure they can continue to rape the country. Your behavior is no different than selfish political operatives of the BLP.

    @AC, perhaps you can tell us why the passed FOIA and ITAL which was spoken of so much in November 2012 to February 2013 was suddenly dropped after elections.
    Both self-serving political parties have outlived their usefulness and belong in the political graveyard as both have contributed to where Barbados is at today.

    Totally disappointed in the DLP as a former supporter and as a person who placed my confidence in them during the 2008 elections. Feeling very deceived and abused after canvassing for Michael Lashley,David Estwick and Adriel Brathwaite. #ANewWay must be found #PeterGilkes, #CarsonCadogan #AdrianClarke #AC be fair and provide honest feedback to your party.

    Liked by 1 person

  24. Kammie Holder May 22, 2016 at 10:22 AM #

    @AC, @Peter Gilkes @Carson Cadogan, how come the Minister Of Environment never speaks with the same gusto of the 4R`s aka Reduce, Recycling, Re-use and Repurpose as he speaks to WTE? The Future Centre Trust recently launched its National Community Recycling Initiative at our Recycling Rally on May 19th,2016.

    Currently Atlantic Shores, Ocean City, Ruby, Ballantyne, New Orleans and Fortesque have 4Rs CoreNetwork Projects active, more communities are signing up. Thus. it must be treated with utmost suspicion why the GOB never speaks to the 4Rs. Why speak of a green economy globally but never act locally to promote an environmentally friendly green economy?

    Cahill will not go away until all is completely exposed irrespective of which political party becomes GOB. The Future Centre Trust will continue to work with its international partners and foreign government agencies.

    Liked by 1 person

  25. Well Well & Consequences May 22, 2016 at 10:36 AM #

    http://www.nationnews.com/nationnews/news/81509/payne-cow-build-temporary-road

    And speaking of the inherent stupidity in DBLP politicians/lawyers….if the “road specialist” Cow, cannot build a road that lasts longer than 3 years in Barbados without falling into big holes and craters, why would you want him even building a temporary road on an already unstable surface….you need a real road specialist in building roads, not a scam artist looking for another taxpayer funded contract, renewable every 3 years.

    Are there no road specialist on the island.

    That’s why no one trusts the politicians in Barbados, they have no critical thinking skills and are quick to weaken to accommodate their bribers…….read George Payne.

    Like

  26. pieceuhderockyeahright May 22, 2016 at 10:49 AM #

    @ Kammie Holder

    You are to be commended for what you have personally done Mr Holder. You personally, your type represent what the Trust should be totally comprised of, environmental lovers to the bone. (De ole man will speak no more of that internal discordance and pray that your successful skirmish here results in success in the war and that you are able to quash the stragglers on at the Trust as well)

    You said a few things that I have to repeat for emphasis.

    The first “PEP`s and their proxies have not to worry about my incoherent noise but about the British Home Office, Canadian Embassy and US Embassy reports sent to their governments daily…”

    I wonder how many noted that statement AND even after seeing it understood its import and impact on our economy vis a vis bilateral programming/aid?

    I wonder if you could share how the inept Waste Management policies and practices of government(s) feed into your sphere of accessible Environment Grants and technical assistance?

    I wonder if you could share that these also feed into Moody’s litmus tests as to the resilience of an economy if said economy does not even have the ability to access grant funding?

    You think that the Assinine Cretin can grasp that connection?

    Finally, there is no real money in the 4R’s for this and previous governments to build humongous holes in the earth and justify loan documents and legal fees for themselves and pooch sucking friends.

    For any project to fly in Barbados there must always be the what is in it for me element and the 4 R’s has very little

    Like

  27. David May 22, 2016 at 10:52 AM #

    Would it not be interesting to read the Environmental Impact Assessment this government committed to undertake. As an fyi.

    On Sun, May 22, 2016 at 2:49 PM, Barbados Underground wrote:

    >

    Like

  28. Well Well & Consequences May 22, 2016 at 11:35 AM #

    http://www.nationnews.com/nationnews/news/81267/headlines-fallout-hypocracy

    A very good piece written by Tony Best in NY on Panama Leaks, Fruendel Stuart and the potential fallout.

    Like

  29. Gabriel May 22, 2016 at 7:54 PM #

    If Bajans wanted any irrefutable proof that Denis Lowe has to be one of the biggest JA’s ever,recall a few months ago this fool was on CBCTV during a clean up beach front campaign in Silver Sands,telling Bajans that the Cahill plant will NOT COST THE BARBADIAN TAXPAYER ONE CENT.

    Like

  30. ac May 22, 2016 at 8:39 PM #

    Wait where you now come from bro, a memo was sent out stating there would be no Cahill and since there would be no cahill it is abundantly clear that Cahill would not cost barbadians a dime
    Any how if u prefer you can join the new group organized by Kammie Holder called The Suspicious watch Dog Group against Cahill

    Like

  31. Carlin Man May 22, 2016 at 9:55 PM #

    @ac

    Is there any truth to the rumour that a Minister and MP in the DLP cabinet wrote a long expose to the PM months ahead of time warning about the serious risk posed by Plasma Gasification technology and Cahill’s desire develop the same in Barbados?

    Like

  32. Redfactor101 May 23, 2016 at 1:57 AM #

    The contracts duely signed by both parties have mechanisms built in on how and when remedies / costs are due and allowed on both sides
    The burning question is has either side used the contract to first put the other party on notice of a breach and that remedy and or costs are being sought??????
    There are concurrent delays on both sides and the only way either or both parties can legally void the contract is by mutual agreement .
    So Denis lowelife needs to publish the voiding agreement duely signed by all parties.
    Until then the Cahill scam will stay on the books like the sword of Damocles.

    Like

  33. Well Well & Consequences May 23, 2016 at 6:08 AM #

    http://www.nationnews.com/nationnews/news/81551/-ill-timed-marshall

    Ha-ha…the government themselves were going to put the economy’s tiny gains at risk with their sleazy attempt at restoring their 10% pay cut..talk about shooting yourself in the foot, because of dumbness…lol

    Like

  34. are-we-there-yet May 23, 2016 at 9:09 AM #

    RedFactor101;

    Thanks for you post above. It makes a bit more explicit what I’ve been trying to hint at in a number of posts since Lowe’s statement at the NCM over a week ago.

    Lowe has seemingly been maintaining, since the BU Cahill leaks, that the Barbados Government was, somewhat counterintuitively, going ahead with the Cahill project, regardless, with no dissenting voice being raised by the PM or the Government itself. Indeed, there is substantive evidence that the Government was indeed attempting to fulfill some aspects of their contractual commitments with Cahill that appear to corroborate that understanding.

    Why should the Government, through Lowe, have been insisting on going ahead with the project despite the mass of evidence that it was not technically suitable nor cost effective for Barbados?

    The plurality of the evidence against the suitability of the Cahill and indeed a WtE project for little Barbados was overwhelming without the occurrence of the collapse of the 2nd Teeside Plasma generation project. So how influential was that collapse in determining the decision to cut Cahill? I would suggest that the decision was either announced prematurely or if it was not premature that the Government and Cahill had come to an understanding on the modalities of each side cutting their costs.

    Clare Cowan has apparently taken a huge personal lost. Her financiers and creditors have also taken huge loses. Are they likely to take those losses lying down? How are they likely to attempt to recoup some of those losses? Is the Barbados Government, through its signed contracts with Cahill, the most likely place for them to recoup at least some of those losses? Were hidden payments made?

    I think we have not heard the end of this story.

    Like

  35. David May 23, 2016 at 9:14 AM #

    @Are-we-there-yet

    Cahill was dead before Teeside. The government was playing for time in the political expediency game.

    Like

  36. Past Zone May 23, 2016 at 9:20 AM #

    Denis Lowe better hope Estwick’s letter to the PM, in his capacity at Chairman of the Infrastructure Committee of Cabinet, regarding the risks of plasma gasification for Barbados, never sees the light of day in the public domain.

    Like

  37. are-we-there-yet May 23, 2016 at 12:29 PM #

    Past Zone;

    Is Estwick still chairman of the Infrastructure committee of Cabinet? Hmmm!
    Wonder if that might partially explain the seeming Govermental volte face re. MM’s recent fortunes?

    Like

  38. Past Zone May 23, 2016 at 1:42 PM #

    @are-we-there-yet

    I don’t know whether he is or not. What I know is he wrote to PM and Lowe and advised them they were heading down a risky road with plasma gasification and Cahill. You can bank that.

    Like

  39. are-we-there-yet May 23, 2016 at 2:07 PM #

    Past Zone;

    It has a ring of truth to it. But if so, the immediate results appear to tie the PM as much to the project as Lowe. Oh woe is us.

    Like

  40. Officer May 23, 2016 at 5:50 PM #

    Wunna really owe a lot to the young and arrogant upstart Kammie Holder who has really prosecuted

    http://www.barbadostoday.bb/2016/05/20/another-cahill/

    Like

  41. Hants May 23, 2016 at 6:14 PM #

    “Kammie Holder •

    You cannot please everyone and do not be sidetracked by the naysayers.”

    Excellent advice !

    Like

  42. Kammie Holder May 23, 2016 at 9:30 PM #

    @Hants, thanks. I am not easily sidetracked and use personal attacks as fertilizer. I hold no brief for any political party. Wrong is wrong even if it’s my 15 year old son. I know about been poor and going to bed hungry as well as greasy my skin with lard oil.

    No amount of money can buy my blind loyalty for eating breadfruit with breadfruit sauce ain’t gine kill me.

    Like

  43. Redfactor101 May 24, 2016 at 2:26 AM #

    @are we there yet
    To be clear Clare Cowan has in no way taken a huge personal loss on this plasma project.!!!! The money she stole from stupid collaborators like technip ,Spencer, Alex Iscoe and others was to pay for a condo mortgage in the four seasons which if the plasma project hadn’t come her way via seventh heaven properties would have been lost anyway.
    Her limited money came from her time working in London with the principal mortgage for her 48th floor condo being secured by a fraudulent accrued income letter from John Robilliard of Blenheim group stating accrued incomes from the Barbados deal which were a fiction .
    Weep not for this scammer she has made her living defrauding people for years and will no doubt resurface from her low rent apartment on Ellington avenue to do it again.

    Like

  44. are-we-there-yet May 24, 2016 at 6:13 AM #

    Redfactor101;

    Thanks for clarifying the situation!

    So the GOB needs not fear a suit by Clare Cowan or Cahill since it is unlikely that she will get a buyer for the contract?

    Like

  45. Redfactor101 May 24, 2016 at 7:40 AM #

    Buy it for a dollar novate all the unpaid contracts to the new owner
    Then sue the GOB in a class action suit
    Wate for 10 years for it to come to court
    What would u do?????😭😭😭😭

    Like

  46. are-we-there-yet May 24, 2016 at 8:49 AM #

    If I were the current GOB that appears to operate under different standards to all former Barbados ones; either:-

    a) Do nothing (the most likely action!)

    b) Buy it through an agent from Clare Cahill for a sum sufficient to cover her costs and get her silence, novate unpaid contracts. Pay off contracts. Deny the matter even existed.

    c) Look the other way when one of the GOB signees buys it surreptitiously from Clare Cowan for say 5 million US funded by some deep pocket entrepreneur(s) who can afford to wait for a big payday (-guess who has such monies available?), novate unpaid contracts to new owner. then share the spoils after class action suit against government.

    Perhaps not a businesslike or even feasible set of options, but you get the general idea.

    If It were any other previous Barbados Government (D or B) the current situation with a Cahill type operation would not have been possible so the hypotheticals would have no validity.

    Like

  47. are-we-there-yet May 24, 2016 at 8:58 AM #

    RedFactor101;

    I forgot to mention above that the court that has jurisdiction in this matter appears to be the English Court, not the Barbados one, from provisions in the leaked documents, so the wait for the windfall might be very much shorter than 10 years.

    Like

  48. Redfactor101 May 24, 2016 at 11:11 AM #

    Taylor Wedding lawyers who are out $1million ++ are the lead horse in this
    Their problem is they are duplicitous in all this they wrote the untenable contracts with the government and the now out of pocket supply chain
    They should buy it for a $ from her and consign it to the vaults of ” WTF were you thinking Dominick”. Then fire his ass.

    Like

  49. Pieceuhderockyeahright May 24, 2016 at 11:46 AM #

    Here is the thing RedFactor.

    I have no sympathy for our ingrunt government administrations because of the following reasons

    1.an overseas company is effecting a contract for the supply of goods and services here in Bulbados
    2.Part of those clauses obviously will deal with breach of the contract etc. Which scvunt would be so effing stupid to have the laws of the cuntry from which the supplier is coming be the final arbiter of breach?

    This is the thing about the scvunts that we have in our House of Assembly at today ON BOTH SIDES, they are an ingrunt lot.

    You see why de ole man like Jeff Cumberbatch?

    Cause here is a man who thinks!!

    He is not ONLY A LAWYER BUT A THINKER.

    Look at GP!

    Say what you want bout his capitals (which i think that are induced by astigmatism) or his Love of GOD and focus on things spiritual when he presents his subject matter, he not only knows what he is talking about but he can counter anything that is put to him on the topic with reasoned thought.

    That is the thing that is lacking in this cuntry RedFactor, critical reasoning skills and this is what Bush Tea speaks to regarding the UWI crew, he is not talking about scholarly accomplishments, he is talking about the simple ability to think and reason.

    Look, I doan know a ting bout cuntputers (de grandson is who does show me dese tings dem lolololol) but what i can do is reason out a ting or two simply by it being explained, irrespective of the topic, I can understand the logic and the reasoning about it.

    For those clauses alone DownLowe and Fumbles should be locked up, for “idiocy befitting a madman who is a danger to the society at large”

    Man, as man ref factor, dem is effing idjuts, seriously. steupseeee

    Looka RF if you was to axe your 3 year old this question dem would get it right

    Q: Little one, yu want some chefette chicken?
    A: Yes granpa
    Q: Where we going get it from?
    A: From Chefette granpa (you stupid scvnt)
    Q: So suppose Chefette closed where we going get it from little fellow?
    A: Dat is why Mummy and Daddy got a car Granpa (you really stupid scvnt)

    Reasoning Red Factor, a simple 3 year old can understand simple logic like that so that just goes to show you how profoundly stupid, The DLP government is.

    Like

  50. Pieceuhderockyeahright May 24, 2016 at 11:53 AM #

    More Stupid Cartoons for the Assinine Cretin

    Like

  51. Redfactor101 May 25, 2016 at 6:40 AM #

    Not sure what thAt wS all about but thNks I guess

    Like

  52. Due Diligence May 25, 2016 at 2:54 PM #

    @Redfactor101 May 24, 2016 at 2:26 AM #

    @are we there yet

    To be clear Clare Cowan has in no way taken a huge personal loss on this plasma project.!!!! The money she stole from stupid collaborators like technip ,Spencer, Alex Iscoe and others was to pay for a condo mortgage in the four seasons which if the plasma project hadn’t come her way via seventh heaven properties would have been lost anyway.
    Her limited money came from her time working in London with the principal mortgage for her 48th floor condo being secured by a fraudulent accrued income letter from John Robilliard of Blenheim group stating accrued incomes from the Barbados deal which were a fiction .

    Weep not for this scammer she has made her living defrauding people for years and will no doubt resurface from her low rent apartment on Ellington avenue to do it again.”

    Your mention of Alex Iscoe reminded me that In a post at November 17, 2015 at 2:01 PM in https://barbadosunderground.wordpress.com/2015/09/21/ridgemount-fs-ltd-and-claire-cowan-statement-of-claim-court-case-cv-15-535661-ii/ DD said in part

    “In an email dated Septenber 4, 2015, from Clare to Neeta Chiryal (at TW) and copied to Dominic,, Clare explains that she has reduced the asking price for the condo to CDN $6,380.000 to make it competitive for a quick sale, at which “there will be just barely enough to cover Liz”.

    On September 17, 2015, the asking price was reduced to $5,998,000..

    Now, two months later, it has not sold; so $5,998,000 is obviously still too high.

    In the circumstances, it appears the principals at Ridgemount were not “rather ruthless fellows” in requiring additional security (the Goldcare shares); but are simply high risk lenders (loan sharks) who were shoring up their security before advancing, and now want their money back.

    Now, since the price is clearly going to have to be reduced further to, say $5,500,000, to find a buyer, Ridgemount will not be “made whole” from the sale of 4803, and will have to rely on the Goldcare shares conveyed/transferred to RCWT to get its money back.

    And Liz Spencer is SOL.

    It will be interesting to see how investment banker Alex Iscoe, who controls Ridgemount and RCWT, and now apparently Goldcare, deals with GOB.

    GOB will now be dealing with a far more sophisticated counter party.”

    Given that Iscoe/Ridgemount FS probably came up short on the $1.5 million second from the sale of the condo 4803, Iscoe now controls the assigned shares of Goldcare and CEL (for what they may be worth) and he will be the counter party with which GOB will have to deal.

    As a former Associate in Leveraged Finance with Goldman Sachs in New York, I am sure that Iscoe has all the ts crossed and is dotted and will be much tougher counter party with which the dufuses will have to deal than was MECC.

    DD does not think we have heard the last of this scam.

    Liked by 1 person

  53. are-we-there-yet May 25, 2016 at 3:10 PM #

    DD

    WOW! It gets curiouser and curiouser!

    With MM now seemingly playing hardball, a few duffuses may not be able to sleep soundly at night for a while.

    Like

  54. Redfactor101 May 25, 2016 at 3:30 PM #

    @DD
    Why would iscoe fight a battle for Taylor Wessing London lawyers who should be under investigation for duplicity in a fraud.
    Moscow will cut its losses if any and stay clear of the quagmire that is clare Cowan .

    Novation of contracts requires gobs approval
    Why would they do that.
    Cowan breached the contract first by not starting the waste study for more than a year after it was contractually obligated to.
    The concurrent arguments would take years to sort out and would require the support of unpaid creditors.
    It’s dead !!!!!!

    Like

  55. Due Diligence May 25, 2016 at 4:32 PM #

    Redfactor101

    BTW

    What did 4803 sell for?

    Has it closed?

    Her low rent apartment on Ellington (Eglinton?) avenue?.

    What a come-down from 50 Yorkville.

    The come-down for the Ministers coming soon.

    Like

  56. Pieceuhderockyeahright May 25, 2016 at 10:12 PM #

    For those of you who noticed Publishing House’s error with the dates all I can say is that they called and told me that they are sorry and would not wish such agony on Bajans.

    Apparently the Editor made a mistake while online with the printer and was thinking about the Third Book ” Criss Cross Stinkliar Decimal 007 % fraction”

    I am having a problem with naming the book and would be appreciate of any suggestions for Book III

    The Book Launch unfortunately has had to be rescheduled “until further notice” since the Editor says that the Book Covers seem to be causing great contention among the Demonaic Lying Party.

    The editor stated that We Jonesing (of “the Childrun are is reading well”) was suggesting that the publishing of the Stupid Cartoons “has to stop” and that he proposed to come to the launch, instigate an incident by claiming that someone felt up his botsie, and “crack some heads and shoot some people”

    I have been reliably informed that, even though we have rescheduled the book launch, he insists that the feeling up of his botsie incident should still go ahead as planned. Much to the pleasure of General Sexcrewtary Pigrim who exclaimed that he wanted to get to the bottom of the matter very quickly.

    Like

  57. Redfactor101 May 26, 2016 at 3:38 AM #

    Condo was sold for $5.6*** million and she was to be out of it the end of this month ( this weekend)
    However it is back on the market for $5.9** million as of May 16th very very strange.

    Like

  58. Well Well & Consequences May 26, 2016 at 11:10 AM #

    Alvin….looks like you and Clare “Cahill Scam”Cowan are now neighbors on Eglinton, ya’ll have a lot of commiserating to do…..lol

    Tell her Castro is allowing small and medium size business to operate in Cuba, their economy will take of in jet plane style. …no 700 million dollar scams though, no big grèedy businesses, no bribing politicians, that would be instant lock up.

    Like

  59. Well Well & Consequences May 26, 2016 at 11:20 AM #

    DD…lets hope the government minsters are sued individually and separately, let’s hope they signed private contracts with that crook Cowan, let’s hope Bjerkham and the other cockroaches also signed private thiefing contracts with her, then they can all live happily ever after in court.

    Cowan actually never honored her end of the Cahill scam contract, it was a non-starter.

    Like

  60. Due Diligence May 26, 2016 at 11:31 AM #

    Redfactor101

    Strange indeed.

    Maybe Ridgemount FS took it over under POS, and trying to recover his $1.5 million

    Like

  61. Hants May 26, 2016 at 11:48 AM #

    IF NEGOTIATIONS are successful, the Barbados Light and Power’s (BL&P) wind farm project at Lamberts, St Lucy, could be up turning by year end. – See more at: http://www.nationnews.com/nationnews/news/81642/heather-lynn-habitat-wind-wind-farm#sthash.kMG525cV.dpuf

    Like

  62. ac May 26, 2016 at 2:53 PM #

    Some of u need a bush bathe so much obsession with Clare Cowan

    Like

  63. Redfactor101 May 26, 2016 at 3:09 PM #

    I wonder if iscoe is the seller this time
    ??? Having secured it as settlement for his debt??
    He pays the first mortgage of $4million and gets the rest of proceeds ???
    ac the path to the truth lies ( no pun intended) with the Canadian scammer.
    If there are incriminating contracts with all these assholes then Cowan should post them.

    Like

  64. Well Well & Consequences May 26, 2016 at 3:28 PM #

    AC can go up to Canada and wash Clare Cowan’s underwear, that’s the only use she will have for AC…girl ya tired of pimping for politicians in Barbados, just get your ETA form and buy your ticket.

    Typical idiot black, would know the likes of thiefing Clare hates their black asses, only want to suck their blood by stealing all their money for as long as she could, but AC the idiot is still trying to defend,

    Like

  65. Well Well & Consequences May 27, 2016 at 10:59 AM #

    Lol…looks like AC left for Canada…….good job girl.

    Like

  66. Redfactor101 May 28, 2016 at 11:48 AM #

    Her moving truck hasn’t shown up at the four seasons yet

    Like

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