Message from the Board of Directors of Almond Resorts Inc – Published in the Nation and Barbados Advocate today.

Shareholders were asked to approve the sale of Almond Beach Club to Fairweather Holding Company, but it appears they were only acting as a nominee for Lazy Lagoon (Barbados) Ltd. Is this a nearly formed company and where is it registered? I have tried searching the CAIPO Corporate database but cannot find it.

Who are the shareholders of Lazy Lagoon (Barbados) Ltd and what is the commonality with Lazy Lagoon Limited which is as associate company of the Goddard Group (33 per cent shareholding) or Lazy Lagoon Holdings Limited an associate company of Neal and Massy Holidays Ltd (44.5 per cent shareholding).

Who now, are the owners/shareholders of Morgan Bay Hotel and Smugglers Cove, both in St. Lucia? It would appear that this (possibly new) company, Lazy Lagoon (Barbados) Limited have been allowed to purchase ABC at a knockdown price which may not be in the best interests of all the shareholders and were misled when they were advised that Fairweather Holding Company (Elite Island Resorts) was purchasing the property.

I think questions have to be asked.