Berbice Bridge Company in peril

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Sorry for the gibrish above but the original poster did not post this thing in the proper format.

Now to my message.

I am not sure Ram is factually accurate here.  He is basing his conclusions on guess-estimations.  

The the company has made a profit but is deliberately inflating expenses to deny NIS dividends.  Another Fagdeo fraud.

Berbice Bridge Company in peril

- Ram calls for government to step in

APRIL 19,2015

The Berbice Bridge Company Inc (BBCI) is in a “parlous state” and is in need of a rescue package and Chartered Accountant Christopher Ram has restated that the only way for it to survive is for government to intervene.

“The BCCI is insolvent; it cannot pay its debts,” Ram said as he and fellow commentator Ramon Gaskin addressed several national issues as they wrapped up their ‘Post May 11, 2015 – Challenges and Choices’ discussion series at the National Library on Friday. He said that the company needs a rescue package and the only way for it to survive is for government to step in.

In 2013, the Private Sector Commission (PSC) had said that it would not accept government interference in the management of private companies like the BBCI. “The Berbice Bridge Company is owned 80% by Guyanese private sector interests, including pension funds and 20% by an institutional investor, the National Insurance Scheme (NIS), that also holds non-voting preference stock in the company and provides one of the few opportunities for a good investment return on …..

"the National Insurance Scheme (NIS), that also holds non-voting preference stock in the company and provides one of the few opportunities for a good investment return.."

Isn't this a case of NIS money being used but no profits come to the Guyana govt?  So NIS is being used to subsidize the operation?  And NIS or "SIN" will soon go bankrupt.

All these scams the PPP govt has set up to rob the country and move money to its "Friensd and Family."

GuySuCo-contracted truck transporting people to PPP Albion rally today. [Demerara Waves pic]. I hope you don't mind this pic in your Berbice bridge thread, Jay.

Those are loyal and faithful Indo Guyanese. They are not like the Dirty PNC Indians who will sell their mothers and sisters to the PNC.

Burn, yuji, burn with hate. No Indian selling mothers and sisters to PNC. Dem going willingly. National unity.