BELIZE TV, RISE AND SHINE, CONTINUE CITRUS CONSPIRACY THEORIES SHOW.

RISE AND SHINE TV SHOW, CONTINUE TO CONTRIBUTE CONSPIRACY THEORIES AND HALF BAKED ARGUMENTS TO THEIR EXPOSE TELEVISION SHOW.

  The past Sunday show I saw, came up with questions about $22 million in losses.  Which if EITHER of the TV Hosts EVER operated a company Ltd., would have been able to answer ?  Losses come about, by writing off losing processing lines, obsolete equipment, depreciation on inventory of equipment, etc.  Nothing sinister about have losses in this company bookkeeping.

 
There was a nifty piece about Henry Canton, FRONTING for Hummingbird Citrus.  From the description given, it would seem BANKS HOLDINGS LTD took the citrus acreage owned by the factory, which was, or is a loser, and transferred it to it's own separate company structure.  Three shareholders involved in the new company and Henry Canton, is listed as shareholder, based on a $3.5 million loan.  The citrus grove is currently not profitable, but a loser financially.  That Henry is FRONTING for BANKS HOLDINGS LTD., I have no doubt and as these things go, simply ALREADY PROBABLY wrote off his so called, share ownership, over to BANKS HOLDINGS.  He's just a figurehead and if he makes the groves profitable, will earn his salary.  It's hard for BANKS HOLDINGS LTD, to do that; being an absentee controlling owner, from far off Barbados. You need to provide a cash incentive to make somebody work for you, as an absentee owner. When I operated a company, I was never able to pay myself a salary, or make enough to cover depreciation on equipment.  Still while a losing operation can lose on the books, one might get some bread and butter bare necessitities out of it, at times, as a business expense. One day you can only hope to make it profitable.  On the other hand, the land itself can be used as security, for offshore bank loans, you need to develop new product lines at the factory. Nothing sinister or criminal here that I can see.  Jealousy and envy I can see, but otherwise NADA.  Just a couple of country bumpkins as TV hosts, trying to understand the corporate business world.

  Far as I can see; the CITRUS FACTORY squabbles between shareholders, is a private affair, legal agreement and so forth.  Nothing either the nation itself, or the Government should interfere with.  Let the shareholders continue to fight their own battles. That is what the legal court system is for and designed to do.