CABINET NOTES: The Development Commissioner, with the permission of the Cabinet, invited a group of investors known as the BVI Investment Club, that has been in existence for 30 years, to address the executive body.
The Club began with an investment of USD$1,000 from each of its members and immediately purchased a cellphone company that was being sold.
Today, the assets of the investment club exceed USD$50 million dollars, and it pays dividends annually that exceed the amount of the initial investment amount.
The model utilized by the investment club was being shared with the Cabinet and the private sector organizations in Antigua, in the hope of duplicating its success with others.
The investment club has successfully invested in a hotel, a marina, in water desalination and storage, and land.
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This investment model is unlikely to work in Antigua and Barbuda. First the BVI Investment Club seeks out investment opportunities without Government interferences.
Investment opportunities like the Cancer Center; The WIOC purchase, and lease agreement are the type of typical of what BVI Investment Club have successfully gone after.
The game on Antigua and Barbuda is rigged. Those investment and local opportunities that has made BVI Investment Club successful are not available to the non ABLP affiliated.
Any potential investment opportunity in Antigua is limited to Hadeed and their cronies.
Witness the 12 million dollars being invested in the cassada gardens race track to facilitate 8 race horses right now, whilst the roads are in deplorable state. Check out who the contractor is and wonder if he not getting enuf of his new Ambassador role already?
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