My wife and I recently spent a short break at The Crane Resort and Residences to celebrate our 20th wedding anniversary. While we have both known the owners for over three decades and visited the property many times, it was the first time we had stayed overnight or longer and as someone who knows how challenging the hospitality business can be at times no-one could not fairly applaud the transformation of a once 18 room hotel and its location.

Paul Doyle, his family and support staff have created a blissful holiday haven from what was a sleepy St. Philip backwater.  As a result generated hundreds of new jobs in an area of limited employment opportunities directly and many more that financially benefit from the venture. This is why I remain doubtful that we sufficiently honour, support or encourage our existing and aspiring entrepreneurs and were very pleased to read that the effervescent Peter Boos now chairs the advisory board of the Barbados Entrepreneur Foundation (BEF).

With so many talented young people on Barbados it seems only logical that meaningful encouragement is given to them and hopefully, once and for all remove the many barriers and deterrents placed in their way. As Peter so graphically states ‘Until we get an environment that really encourages entrepreneurship, it’s not going to develop as well and as quickly as we would like’. Perhaps the answer lies more in the private sector, but surely there is much more our relatively new Government can do.

Clearly this view is shared as again quoting Mr. Boos ‘’So I think after a time the effort to try and engage Government effectively, despite several meetings and discussions and so on, nothing from that end came’.

Perhaps an example could be, I vividly recall many years ago the then Canadian Government seeing so many lost opportunities for products made in their country, which could be exported overseas, headhunted prominent members from the world of commerce and sent them abroad to spearhead trade delegations where the nation had an existing embassy or consulate.

Again, there must be an enormous wealth of knowledge, skills and proven ability within our business sector. And I don’t just mean at the mega- company status. Imagine even at the small business level, if an additional 5,000 new enterprises could be created.  Of course some of them will fail or not reach potential, but that is life and it exists all around the planet.

As many of the larger commerce based entities continue to downsize, resize or whatever justification they give, more and more opportunities evolve which could, with proper guidance, soak up substantial unemployment and create taxes for Government.

We should not forget or learn from those who could envisage and were brave and determined enough to transform an ageing small hotel into one of our single largest foreign currency earners and employers.

79 responses to “The Adrian Loveridge Column – Opportunities Abound!”


  1. @ Mariposa

    You are right. Selling the 49 per cent shares n LIAT should not take a lifetime. However they are valued (multiples of shares, multiples of annual turnover, multiples of profits, etc) the sale should have been done and dusted by now.
    If Barbados wants to sell (and they should) and Antigua is hesitating, then Barbados should offer the shares to all comers. There is no reason why they must sell to Antigua.


  2. Here comes the financial bull in the pen. Does the buyer – whoever it is – assume Barbados debt obligations? You always have an arms distance solution always ignorant to the pertinent facts and considerations.

    Spot on!


  3. Isnt Mia portfolio consist of MOF
    Doesnt the buck stop with her at all ends in fiscal./ financial matters
    Then Robert how can u asked such an asinine question relative as to who makes the final call on the selling of the sharesl


  4. You are right. Selling the 49 per cent shares n LIAT should not take a lifetime. However they are valued (multiples of shares, multiples of annual turnover, multiples of profits, etc) the sale should have been done and dusted by now. (Quote)

    Rubbish. Mariposa is right about what? You do this nonsense all the time.

    She said, and I quote, “Mottley put on a presentation of pretentious platitudes then turns around and present a solvable solution months later of selling barbados shares at a over the market value along with asking the other shareholder govt of accepting barbados debt into the airline as part of the deal.”

    Where in the above she talked about a delay in the sale of the shares?

    What in the above comments is she right about?

    What you do is say she is right or spot on so you could make your own comments.


  5. Then Robert how can u asked such an asinine question relative as to who makes the final call on the selling of the shares (Quote)

    @ Mariposa

    Point out to me where I asked the question you said I asked?

    You are the asinine person, because I never asked that question.

    Learn to read and understand what you read.


  6. @ David BU

    It isn’t to say Barbados offered to sell its shares in LIAT on the market and is looking for Antigua in particular to buy them.

    Gaston Browne came with a proposal, which included making an offer to purchase Barbados’ shares, and in keeping with his aim of having Antigua become the airline’s majority shareholder.

    Mottley accepted the offer because of Barbados’ current economic situation.

    Why do we want to intellectualize a simple situation?


  7. There is a cabal whose agenda must be fed at all cost even if it means throwing commonsense under the proverbial bus.


  8. Gaston Browne cameare th a proposal, which included making an offer to purchase Barbados’ shares, and in keeping with his aim of having Antigua become the airline’s majority shareholder.

    So Robert for clarity sake
    Whose idea was it to sell barbados shares
    From your dippsy doddle comment it would seems as if you cunningly wants to indicate that a Gaston Browne proposal was the mechanism which lends itself for Browne to make an offer to buy Barbados shared without Mia / govt of barbados first initiating the sale of the share


  9. @ Mariposa

    I think you deliberately pretend to be stupid.

    Show us where and when Mottley initiated the sale of the shares?

    You continue to make up things as you go, just for the sake of criticising.

    “Speaking on his radio station on Saturday, Antigua and Barbuda’s Prime Minister Gaston Browne said Mottley has said yes to selling “a significant portion” of Barbados’ shares in LIAT to his government.”

    “Earlier this month, the Browne administration issued a statement from a Cabinet meeting which said, “Prime Minister Gaston Browne indicated to the Cabinet members that he has written to Prime Minister Mia Mottley on the LIST restructuring plan.”

    An OFFER WAS MADE for Antigua and Barbuda to acquire the LIAT shares owned by Barbados, through a take over of the liability of Barbados to the Caribbean Development Bank (CDB).”

    You can read the rest on Barbados Today, May 19, 2019.


  10. Robert u can read or interpret u political intrepretation
    However i stand by my view that Barbados govt first initiated the sale to which Gaston Browne responded accordingly
    U can have the last word.

    Barbados PM announces sale of LIAT shares

    Wednesday, June 05, 2019
    BRIDGETOWN, Barbados (CMC) — The Barbados government Tuesday night formally announced plans to sell its shares in the cash strapped regional airline, LIAT, but insisted that it was committed to regional transportation and would continue to hold minimum shares in the Antigua-based carrier.

    Barbados along with Antigua and Barbuda, Dominica, Grenada and St Vincent and the Grenadines are the main shareholders of the airline that employs over 600 people and operates 491 flights weekly across 15 destinations.

    Barbados Prime Minister Mia Mottley in a statement to Parliament confirmed reports that Antigua and Barbuda would be seeking to replace her country as the largest shareholder government by seeking to acquire the shares Bridgetown would be outing up for sale.

    She said that Attorney General Dale Marshall would lead the negotiations.

    “There is only so much that Barbados can responsibly do at this time given our current circumstances and our current position on the journey which I referred to just now,” she said, having earlier made reference to the island’s multi-million dollar agreement with the International Monetary Fund (IMF) to turn around the ailing economy.

    “Therefore…notwithstanding our absolute commitment to regional air travel and notwithstanding the fact and given in fact that the studies have recommended a different module and restructuring for LIAT and given the inability of the government of Barbados to do for LIAT in the next five to 10 years what the government of Barbados did for LIAT in the last five to 10 years when we moved significantly to assume major shareholder responsibilities, we have taken the determination, a decision as a cabinet that it is time for us to step back while at the same time allowing other governments to continue with their proposals to restructure LIAT in the way which they have determined.”

    Last month, Antigua and Barbuda Prime Minister Gaston Browne said he had received communication from his Barbados indicating that Bridgetown was willing to sell all but 10 per cent of its shares in the airline.

    Antigua and Barbuda currently holds 34 per cent of the shares and if it acquires Bridgetown’s shares, would have 81 per cent of the airline.

    The government in a statement last month had said that “an offer was made for Antigua and Barbuda to acquire the LIAT shares owned by Barbados, through a take-over of the liability of Barbados to the Caribbean Development Bank.”

    The Antigua and Barbuda government chief of staff, Lionel Max Hurst, said that “there are many jobs here in Antigua and Barbuda connected to LIAT and we intend to ensure that those jobs are not lost.

    “Many of the route rights that LIAT now possesses would be utilized more fully if Antigua and Barbuda gets its way,” Hurst said.


  11. @ Mariposa

    You are on the right lines. If government wants to sell its 49 per cent shares in LIAT to Antigua, then let it do so. If Antigua does not want to pay the asking price, then they negotiate and reach an agreement. If they cannot reach an agreement, then offer the shares to a third party.
    It is financial illiteracy to talk about Barbados debt obligations holding up an agreement; the only Barbados debt that should come in to the discussion is any debt incurred in maintaining our 49 per cent share holding. If so, the standard warning applies: investments can go up as well as down.
    If the Barbados government is holding out because any CDB or other debt incurred to invest in LIAT, then that is bad financial management; but I would not be surprised. They should cut their loses and run.
    If you put LIAT, White Oaks, the chaos at the NIS and other examples, all together it is clear that this Mottley government, with its top economic advisers, is as grossly incompetent as the Stuart government,
    It will end in tears. Barbados is a failed state.


  12. This govt thinks that bullying tactics is a good form of negotiations
    Reason why the stalemate between govt and external creditors have reached a standstill
    Reason why barbados would be strapped with liat
    In the meanwhile Barbados debt and commitments on liat and external creditors continue to grow


  13. The blabber mouth Robert Goren wants guillible people to belive that Gaston Browne initiated the sale of Barbados owned liat shares
    Well my understanding of proposals of sale of property in any form that the seller or owner initiates the first proposal with intent to sell and people with an interest reponds


  14. @ Mariposa

    I am now convinced that you are actually stupid.

    Gaston Browne made an offer in May 2019.

    Barbados accepted and the announcement on the agreement was made a month later, in June 2019.

    “The government in a statement last month (May) had said that “an OFFER was MADE for Antigua and Barbuda to acquire the LIAT shares owned by Barbados, through a take-over of the liability of Barbados to the Caribbean Development Bank.”

    You don’t understand what you read.


  15. Not stupid
    Also not gullible


  16. Mariposa, don’t mind the idiot saying you’re on the right lines. That is for his personal posturing. You should pay attention to how he then goes on to say or explain something completely different from what you said.

    Read and understand what you read.

    Gaston Browne presented a restructuring proposal to the shareholder governments for LIAT. He outlined his intentions of wanting to acquire Barbados’ LIAT shares and investment from Sir Richard Branson. This was in May 2019.

    He came out prematurely and said Mottley accepted the offer. Mottley through her press secretary Roy Morris did not confirm or deny what Browne said, but said the government received an offer to buy the shares from the Antiguan government. Mottley said she acknowledged receipt of the offer and set up a negotiating team to visit Antigua to discuss further.

    She also said she was not prepared to prejudice negotiations by shouting across the water about the offer and before discussing it with Cabinet.

    After discussing it with Cabinet, Mottley made the announcement in June the she accepted Browne’s offer and went on to explain why.

    You are so obsessed with criticising that you read and do not understand what you read.


  17. Robert Goren why are so adamant to make comments to make me see your point of view
    Do you know for sure who initiated the proposal
    I am going by precedent set in property rights which is the first and usual step taken of the owner deciding to sell property through various marketing proposals
    If a buyer has inside information of a propsed sale before a formal proposal is put in public forum it does not mean that the buyer made the initial step
    Only the owner can categorically initiate that step by any means necessary in order for a proposal to be made by a potential buyer
    I am done with this issue


  18. And we have this buffoon not privy to the credit agreement between LIAT 1974 and CDB posting nonsense on the blog. He does not know because he uses the word IF but thinks he is sufficiently seized of the considerations associated with the deal of Barbados’ obligations as a shareholder.

    His duplicity and dishonesty rises from the slag when he encourages ac in a position that is false:

    Truly a buffoon of a high making:


  19. I am going by precedent set in property rights which is the first and usual step taken of the owner deciding to sell property through various marketing proposals (Quote)

    @ Mariposa

    I’m not sure who wrote the above comments, but it’s certainly not the usual Mariposa.

    Anyhow, you continue to show us how stupid political yard fowl you really are.

    What does insider information have to do with this issue?

    So, if I have a house and you asked me to sell it to you, does that mean I initiated the sale?

    Massy and Ansa Mcal made proposals to buy out BS&T shares. After discussion, the shareholders decided to accept Massy’s proposal and sell to them.

    Shareholders offer to buy the shares of other shareholders or a large company would seek to buy the shares of a competitor in a bid to have controlling shares of the company. This was what Massy did and what the other Trinidadian companies that had minority shareholdings in Barbadian companies did to control those companies. Check BHL, Burdens, MER Bourne, Stokes & Bynoe.

    Show us where, when and through what various marketing proposals the Barbados government offered LIAT’s shares for sale?

    Now you come with irrelevant nonsense about property rights, proving to us that you make up things as you go.

    You know you have been proven wrong and that’s why you have to done with this issue.


  20. 🙂
    Can you imagine a situation where Mariposa and Lorenza both take the same exam and Robert G grades answer sheets.

    All the answers from Mariposa and Lorenzo are either a B or a D. Where Mariposa has a B, Lorenzo has a D and vice versa,

    Robert G has all of Mariposa’s answers marked as incorrect and with a detailed explanation.

    Some names have been changed to protect the innocent.

    For any of the three. I Done. YMHTLW.
    🙂


  21. Robert you seem to be sure about a lot of things that u know nothing about
    Here you go again trying to influence others thinking with a suggestion of who wrote my last comment
    What u need is a refreshers course in some comments which you suggested that Mariposa was one of all the same alias
    By the way i have bought owned and sell enough properties to know of what i speak
    I suggest you take a break from engaging with me before u bust a blood vessel in the head because of me
    Hate to see u counted as another Barbados murder statistic
    I gone bozie


  22. Later, boys and girls.

    This B and D thing has brought us to where we are. We need to let it go and think as a nation.

    Somebody has to be the first. Even with the few missteps, Mia can still seize the opportunity to correct what ails us. If she wait until every beak gets wet, then this pattern of failed leadership will not be broken.

    I saw where someone said that “right is right and wrong is wrong” and they don’t come in party colors.

    Seize the opportunity.

    Enjoy the day.


  23. You have now gone from managing a large corporation to buying, owning and selling enough properties to make you an expert in selling shares. 🤔🤔 🤐

    Spot on. You are following the right lines. I will burst a blood vessel in my head having a fit of laughter at your stupidity.

    😂😂😂😂😂😂


  24. Robert Goren
    Your slip is showing Artax
    I laughing too
    Ha ha ha murder


  25. @ Mariposa,

    Be steady. I have been accused of bragging about owning apartments. It is a fabrication. I have never owned any apartments (in the UK we call them flats), never aspired to own any and certainly do not want to be a landlord.
    Attempts at personal attacks follow when people do not want to discuss the ideas. I will repeat: if a company runs in to financial difficulties, it may have to re-capitalise. If it does, then the founder equity shareholders may be asked to meet the new capital requirement if they want to maintain the shareholding ratio. If they do not then their holdings will be devalued sometimes called dilution.
    Some investors may borrow money to put in to the troubled company to maintain their holdings; but if that company runs in to further problems and the original shareholder wants to sell, the buyer will be mad to pay more than the market value of the shares so that that investor could recoup their loss. Buyers only pay above market value for sound investment reasons ie if they want control of the company.
    The first lesson in investing is that investments can go up as well as down. If Barbados really wants to sell its holdings in LIAT it should sell at market value and write off the debt.
    That is how business is done in mature financial markets. But, in micro markets where everybody knows everybody else and uninformed politicians run the show, anything goes. Ignore the background noise.


  26. Be steady. I have been accused of bragging about owning apartments. It is a fabrication. I have never owned any apartments (in the UK we call them flats), never aspired to own any and certainly do not want to be a landlord.
    Attempts at personal attacks follow when people do not want to discuss the ideas. I will repeat: if a company runs in to financial difficulties, it may have to re-capitalise. If it does, then the founder equity shareholders may be asked to meet the new capital requirement if they want to maintain the shareholding ratio. If they do not then their holdings will be devalued sometimes called dilution.
    Some investors may borrow money to put in to the troubled company to maintain their holdings; but if that company runs in to further problems and the original shareholder wants to sell, the buyer will be mad to pay more than the market value of the shares so that that investor could recoup their loss. Buyers only pay above market value for sound investment reasons ie if they want control of the company.
    The first lesson in investing is that investments can go up as well as down. If Barbados really wants to sell its holdings in LIAT it should sell at market value and write off the debt.
    That is how business is done in mature financial markets. But, in micro markets where everybody knows everybody else and uninformed politicians run the show, anything goes. Ignore the background noise. (Quote)

    @ Mariposa’s argument is that Mia Mottley initiated the sale of LIAT shares.

    My argument is that Gaston Browne offered to buy the shares as part of his restructuring proposal and Mottley accepted the offer.

    Hal Austin’s comments have absolutely nothing to do with what we are arguing about.

    @ Mariposa

    I have been reading Barbados Underground for years and I am sure I am not the only one you have seen you say that you manage a large corporation. If you believe I am Artax for saying so, that is your problem. I don’t give a damn.

    You can always ask David BU to verify if it’s true or not. You can criticise him all you want, but he is honest.


  27. (Quote):
    @ Mariposa
    You are on the right lines. If government wants to sell its 49 per cent shares in LIAT to Antigua, then let it do so. If Antigua does not want to pay the asking price, then they negotiate and reach an agreement. If they cannot reach an agreement, then offer the shares to a third party. (Unquote).
    +++++++++++++++++++++++++++++++++++++++++++++++++++++=

    How can Mariposa aka “ac” (the asinine clown) aka “angela cox” be right?

    How could anything coming from an anonymous(e) person be relied upon if he (or in this case ‘she-she’) cannot stand by her word and put her John Hancock in clear ‘ABC’, like you the hypocritical ‘Halitosis Asstin’, to the BU pages?

    You are ‘backing’ a ‘multi-face’ member of the club of the ‘veiled’ BU Anonymous.

    A club you swore on your dead mother’s grave somewhere in the back Ivy you will never join or engage in any ‘silly’ debates with any of its members like David King.

    No wonder you were nothing but a fifth-rated cub reporter attached to some rag sheets at the bottom of the ladder leading to the Fourth Estate.


  28. Hal .thanks for your input
    This society known as barbados suffers from a disease call “tunnel vision” which takes them towards a route call Cul de sac
    Their reasoning or will to detour starts at a point when they can go no more
    By then it is too late
    Hence Mottley robust utterances at Caricom board meetings to implement ideas to solve Liat problems
    Ending with a 90 degree turn to sell barbados shares at above market price with an inclusive componment of asking the buyer to take upon itself barbados share of debt which makes for wonder who in their foolish mind would expose themselves to such a high risk knowning the possibility that Liat financial position has been taking a nose dive


  29. The maggots crawling out of the wood work
    Good afternoon Muhammad

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