Dear Financial Team for GORTT & amicus curiae
It is of grave concern to me given that I am promoting TnT since my return for CHOGM 2009 for Foreign Direct Investment and / or technology transfer with the goal of creating high paying jobs and in global competitive market for example :
(1) in the HC industry ( O&G integration) a Porter Diamond model ( Prof.Porter is coming to Trinidad on March 2011) we called COGIC Ltd submitted to the Ministry Energy & Energy Initiatives (MEEI) and Ministry of Finance (MoF),
(2) Freshwater Aquafarming using world leaders of Prof.Ramnarine at UWI and Dr.Cohen APT/University of Tel Avi to plan and execute submitted to Ministry of Food Production and Agriculture ,
(3) Renewable Energy (tidal, wind & solar) manufacturing facilities submitted to MEEI and MoF partnering with world leaders such as Sulzon India, Kruger Energy Canada, Vestas Denmark and RNE UK,
(4) Submission for building a world class dredging manufacturing facility and dredging school at LABIDCO for our proprietary Cascadura for depths exceeding 150 meters partnering with DSCdredging.com America and watermaster.com Finland, as submitted to Ministry Public Utilities and Ministry of Transport & Works Maritime Affairs,
(5) utilizing CAMUS-ST technology from Mumbai scientist and noble prize nominated Prof.Shankar at Tata Institute of Technology/VEC for waste water treatment plants for Triniad & LAC region as submitted to Ministry of Pubkic Utilities and partnered with the Government Of India through the High Commissioner of India in Port of Spain,
(6) A central materials recovery plant for end of lifecycle recover/recycling of paper , plastics , glass, used tires from our three land fill married to a national curbside collection plan integrated with the Regional corporations garbage p/up and guidance for legislation , a "Bottle Bill" that compels both domestic and alien and their local distributors to submit to the EMA an end of life cycle recovery plan for their products and or packaging , be it battery makers ,newspaper publishers, bottlers or refrigerator manufacturers, the entire spectrum as was submitted to Ministry of Local Government & Ministry of Housing and the Environment
(7) A specialty glass manufacturing plant partnering with the likes of DOW US, Pinkerton UK and AGC Japan as submitted to MEEI.
(8) Individual Retirement Plan Account as submitted to UTC ,FI ,CBTT, PWC , JCS lawyers and MoF PS Lewis and Dhanpau et al. using the WOF Plan /LSVC structure as developed in British Columbia Canada where I reside.
(9) Development of International Financial Center following the Dubai Mercantile Exchange model for marketing HC CNG/LNG here in Trinidad rather than in Houston partnering with HRH and his UAE government as submitted to MEEI and MoF.
Now given that the above 9 active projects of www.fatzgroup .com of which I am the group managing director, is concentrated solely in this SIDS as described by my late colleague Prof Pantin UWI whose last work was on behalf which was a feasibility survey for a materials recovery facility for Trinidad & Tobago in late 2009 as requested by First Citizen Bank that had offered to ante up $3 Million US to the war chest subject to the above mentioned report by Prof.Pantin, getting in writing the then support of the line Minister Hon.Hazel Manning in the Ministry of Local Government and her then PS Ms.Cheryl Balckman and the consent of the CEO of SWMCOL the then Mr.Ray Braithwaite. All was gotten except Ms.Maning approval and hence the value preposition was shelved for "the costly Nova Scotia Plan" , subsequently Ray was fired for supporting me and Ms.Blackman transferred out of Local Government ,to be resusicated as the PS to Hon Jack Warner Minister of Transportation and Works, for supporting me and Ms.Doreen Lewis my advocate within the Local Government became silenced.
Now to CLICO the crux of this composition. I have presented a viable option to Mr.Yetming and Minister Baharath , Dr E. Williams CBTT and the PS Lewis & Dhianpaul, that is the sale of CLICO and this requires a mandate which I have requested and have yet to receive , even as I have identified two possible buyers .
The current adoption by the MoF using my colleague Milken zero coupon bond /junk bond , a seventies phenomenon for hostile takeover is both crude and wrong, plain ugly. Zero coupon bonds got Michael 25 years in jail and President Clinton's pardon had him out early. Milken has since been vindicated for his strategy as the zero coupon bond is even being discussed as a mechanism by this Minister of Finance for CLICO in 2010/2011, how the world turns .
I am familiar with the actors at the genesis of this product the likes of my fellow Canadian Mr. Campeau and Federated Stores etc, which I am even not sure the Minister of Finance is aware of unless like me he was a licenced stockbroker and capital market trader in NA. Asking Milken if this product is a fair solution to this specific CLICO problem and Michael would tell you definitely NOT. So why continue , is it the Mrs. Hazel Manning Syndrome fascination wit " Project Nova Scotia" as described above repeating itself, the scientific term is Dunning Kruger Syndrome.
Here is the plan you may want to consider if you do not want to sell in situ as this prescrition follows the Canadian Confederation Life Failure in the late 1980s while I was both a stockrbroker and life insurance agent student.
Of course Fatz and myself are there to help consult at ZERO FEE, Cui bono ? as again we have to much vested here in Trinidad to have this overhang and uncertainty in the public, not good for our business , not good at all, as you can read from above .
We recommend that getting income into the hands of CLICO holders is a good thing , as this means there is discretionary spending for the Christmas season, the plan is premised that the CLICO stakeholders need income but not necessary their principal , otherwise why put it into the financial instrument in the first place. Hence the rational of a zero coupon bond is mis-aligned to the client's need , the first rule breached , KYC, why?
No one risked averse wants principal compromised negatively , hence a 12 year 6% coupon par value bond makes better sense. THere is enough cashflow from existent assets of CLICO to cover the interest . Here is the kicker , no use reinventing the wheel , create TARP legislation http://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program
but Trini style. By that I mean create a pool venture capital high risk fund ( CLICO TOXIC ASSET POOL ,CTAP) in which you put the assets of CLICO that are the most noxious , the debt etc, and float this on the public market as if it were a junk bond , there are investors out there looking for plays like this , maybe not in a small market as Trinidad but definitely on the international market for CTAP , its strictly what it is high risk and caveat emptor, but if there is an turnaround upside it is lottery like , i.e. phenomenally hugh , like 1500% plus.
This gives the residue CLICO a new balance sheet similar to what was done to AIG , hence liquidity , as the bad debt is gone into the CTAP , the questionable investments are now in the CTAP.
The above is tedious and requires a lot of thinking through , it requires communication and reaching out to downstream FI and merchant banks in the region , it requires humilty and patience but if package properly is doable and effective, the proof is in AIG http://finance.yahoo.com/echarts?s=AIG last traded at $41.76 US and 18 months ago its share value was negative .
To summarise
1. The LSVF as part of individual retirement policy initiatives planning to supplement NIS for 2045 shortfalls.
2. The IFC milestone by 2020 for Trinidad , staring with a DME model for HC trading being rehoused from Houston to Port of Spain , with the technology input of the UAE administration.
3. The raising of PPP capital through debentures by corporation sole and municipality corporation which permits tax free income to deal specificical with infrastructure and public utilities shortfall.
4.Divesture of state assets sch as Clico, Clico Investment Bank, Angostura and Hotel assets of Eteck for reposition of asset allocation to give a better ROI
5.The nationalization of alien HC upstream assets owned as a prioritry BP and then GDF Suez/IA and BG/ "PetroChina" so as to offer repatritation of outflows occur at POS which as it current .
Thank you.
Regards
Adrian Matadeen
Group Managing Director
www.fatzgroup.com
1-*868-292-4282
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I am aspiring to be known in history as the world's greatest Philanthropist! Your assistance is appreciated. Thank you.
棵樹除非在春天開了花，否則難望在秋天結果
Question of the decade:
Are Western Coalition countries who went into Iraq in 18 March 2003, stronger and safer now that USA has official withdrawn troops on August 21, 2010: 1.4 Million Iraqi dead ,three times that number wounded , 5200 Coalition forces dead, over 92000 coalition forces walking wounded or disabled, Iraqi property destruction estimated at $123 Billion US, total cost of war efforts estimate at $850 Billion US and counting? What is your opinion? Cui bono?
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