“Generally Accepted Accounting Principles” To Be Named As Reason For “Calling Off” Merger
Alright folks… we know we dropped a clanger with our post about VECO’s new CEO (although so much good is happening because of that happy accident – more about that later) so we want everybody to understand that this story comes from an anonymous source whose information has been accurate in the past.
This doesn’t mean that we aren’t all being set up or played like a fish… or that the story is not true. It means that at this stage, the story is nothing more than an unconfirmed rumour from an anonymous source.
But the story is interesting enough that we are going to put the “rumour” out there and see what happens.
Just so you know… at this point this is totally unconfirmed rumour.
Merger / Take Over Delayed For Barbados Election
The merger of Barbados Shipping & Trading Co. Ltd. (BS&T) and Neal & Massy has been “called off”. Barbados will later hear an explanation that GAAP (Generally Accepted Accounting Principles) is the reason for the action, but this is merely an excuse to take the “merger” off the issues table during the coming election.
The merger will occur in 2008 long after the Barbados elections that are scheduled for this November. When the merger is “called off for now” the populace will get the impression that they have won and that Prime Minister Arthur has responded well to popular opinion.
Government Inner Circle Searches For Internal Leak
BFP’s earlier post detailing November as the election has triggered a search for an internal leak within the Barbados Labour Party, however the point of no return has already passed, so November still stands as the election date.
That’s it folks – and it is no different than you will hear around the standpipe.
Barbados Free Press is just a bigger standpipe, that’s all.