Why if Cable has all that money sitting they cannot build its own network?
Nassau, Bahamas – Damian Blackburn, in response to Bahamas Press’ report CBL’s new mobile provider NewCo is finding it hard to find money, is in the newspapers this morning announcing how his company has $125 million to roll out its mobile company.
The headline read “NewCo sitting on $125 million ‘Adequately Funded’ to proceed with rollout…” We must be a big nightmare for CBL and Damian Blackburn. Because, despite having the Nassau Guardian and The Tribune deep within its support system, Bahamas Press has exposed more to our vast thousands of daily nationwide and global readers than anyone else can.
1) If NewCo has the money Blackburn claims, then he should really answer the question as to why URCA and CBL are at the doors of BTC begging to use its nationwide cell tower infrastructure?
2) Why can’t Mr. Blackburn CBL’s NewCo use that money to build its own nationwide cell tower network and roll out its own devices?
3) Why is it Preferred Shareholders have declined to accept more share interest into CBL in order to raise the needed capital to build a network?
4) And why, after declining dividends for ordinary shares, preferred shareholders rushed to grab their shares out during this fiscal period?
What Damian Blackburn will not tell the public is that his company needs far more than $125 million to build a nationwide cell tower infrastructure. And what the wutless media refuses to ask is why is it necessary to use BTC’s network if you really plan to build your own?
Getting the needed capital is not the only problem with CBL’s NewCo these days.
We report yinner decide