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November 25th, 2007 at 8:32 pm
AYE
I hate Trinidad, sorry all you folks, Trinidad is full of racist indians, go figure. I thought about buying property there instead of moving home to Ja.
Where can we talk about returning residents to Jamaica.
Ok lets stay on subject.
November 25th, 2007 at 8:52 pm
Not in favour of that lol. But if we sit back and relax the Trini’s will own major shares in all jamaica’s companies. Cash Plus is good not only for jamaicans but also the economy. certain Mr. Hill cannot pack those companies in a suitcase and run, and if he does try to liquidate all of them that will be a lengthy and difficult process, by then people would be at his home long time. So think critically people, there is no way the banks and other critics can substantiate their claims about cash plus. I dont even want to see the balance sheet because shipping and telecommunication alone will generate huge profit.
@ G_Nice
leverage buyout is the term use for the purchase of a company with borrowed money. in this case we lend cash plus money to acquire all those companies. the 4:1 ratio means that for every dollar debt use to purchase the company cash plus match that with 4 dollars of equity. so even the loans that we give cash plus is secured like 4 times, thats the strength of the company people. This means that its even possible for cash plus to pay much more that 20% per month. The banks knows all of that because they know how much money going in the accounts of cash plus and how much they paying out. why didn’t one of these banks with one of them posting a almost 7 billion dollars NET PROFIT for 3 quarters alone, sponsor the premier league for a little 150 million dollars. they should be trying to be a good corporate citizen like cash plus and Olint. Bruce would say “dem dark bad”
November 25th, 2007 at 9:20 pm
@ Gmaxx
Mr Lee chin spend 2.65 billion dollars out of his pocket when his group purchase NCB from finsac. That 2.65 billion that he spent then is now valued at 28.7 billion dollars. do thats math and that will tell you thats an increase by 1083% in five years. So why these people telling us that cash plus cant pay out 120% per year on every dollar invested. 120*5=600, hence in five years cash plus would pay out 600% on every dollar invested, not even reach 1000%. Tomorrow we plan to boycott the banks, so mi down a NCB 8:30 tomorrow morning to draw out mi money.
November 25th, 2007 at 9:37 pm
No comment from either political parties yet . Is it that JLP and PNP scared. I want them to come out of hiding and comment. Election time now… Anyone that fight against cash plus lose my vote… straight up!
I voting for the party that stands up for CASH PLUS this election. Any “P” as long as dem support cash plus and not “bad mind” as the commercila banks.
November 25th, 2007 at 9:40 pm
@ nick, if your info is correct thats a good one…anyone ask about how they pay 10%, I will just show them comment 399 and 406.
November 25th, 2007 at 9:44 pm
I believe the Govt. cannot come out on the side of cash plus, since it is not regulated by them, cash plus, based on my understanding is still operating under a loop hole in the law.
So I understand them not saying anything.
November 25th, 2007 at 9:53 pm
I heard that some prominent politicians have money in cash plus!
November 26th, 2007 at 4:54 am
I see a comment by Nick above and it just goes to show how ignorant most of you on the board are. How can you call yourself an investor and cannot do simple mathematics. Ok quick lesson for you nick if I invest a sum at 10% per month it does not work out to 120% per year. Thus it does not work out to 600% per year. If you invest $100,000 for 5 years at 10% per month you will have $30,448,163, that is an increase of over 30,000 (THIRTY THOUSAND PER CENT). Mr Carlos “Ponzi” Hill had a business model that was unsustainable. Which business man with any sense borrows money at this ridiculous interest rate? He bought assets, I agree, but for businesses to be profitable the cost of borrowing money cannot be too high. Now there is a point in time where the interest payments will get too burdensome for the business and hence the business will fail. So Mr Carlos Hill at best is the dumbest business man I have ever heard of or a dam thief.
November 26th, 2007 at 5:01 am
Remember now Nick Mr Carlos “Ponzi” Hill allows you to roll over your money every month so you get one of the greatest forces in human nature called CUMULATIVE INTEREST. These schemes have been around for ages and pop up almost every year in the U.S and Europe. The results are always the same that the people who got in early walks away with the people who got in late money.I am genuinly sorry for you folks but the chances of you getting back all of your investments are slim.