Barbados Sea Island Cotton – Barbados Government backing ‘double your money’ slick stock scheme!

Now this is interesting. The Caribbean Sea Island Cotton brand has become Barbados Sea Island Cotton and to get the whole thing rolling again the Bajan Government is apparently backing a ‘double your money way too fast’ scheme.

More questions than answers in the video, but it does remind me about a BFP article published back in September of 2009. Here’s an excerpt…

Our bull manure warning meter spiked though when we read another one of those “Things gonna be just fine!” articles at the CBC – this one about Barbados cotton. Yup, right on schedule every year or so for the past ten years the government of the day announces that our cotton industry is going to be “revitalised” through better marketing. Nevermind that we haven’t the economies of scale to be competitive on the world market. Nevermind that we can’t even find sufficient labour to harvest the sugar crop in a timely manner.

Nevermind the naysayers, says the government to CBC, Barbados will “revitalise” the cotton industry. (Hmmm…. I think I smell a World Bank development grant out there somewhere.)

And how are we going to make Barbados cotton economically viable? How are we going to compete against China and India, the first and second largest cotton producers in the world? How are we going to profit in the middle of a recession where the commodity news services are reporting Recession hits cotton consumption, down 12% ?

How is Barbados cotton going to be profitable when India is using her booming economy to subsidize her cotton farmers so much that world cotton prices are forecast to fall by 6% in the next year?

How are we going to make Barbados cotton viable?

We’re going to make a “new brand”, that’s how! We’re going to sell to “upscale” markets. Yup, that’s what Agriculture Minister Senator Benn told the CBC.

Read the full article at BFP: Caribbean Sea Island Cotton brand to be killed by Barbados… as if a name change will solve anything

11 Comments

Filed under Agriculture, Barbados

11 responses to “Barbados Sea Island Cotton – Barbados Government backing ‘double your money’ slick stock scheme!

  1. PLANTATION DEEDS FROM 1926-2013 AND SEE MASSIVE FRAUD ,LAND TAX BILLS AND NO DEEDS

    What plantation and the name of the plantation is to be used , More Fraud by a Fraud Government ,, Clear title of land , trust no one , All greedy person you have been warned ,, sucker beware

  2. Anonymous

    It is so unfortunate that we have a government scratching at straws to fool people that they are doing something, to try to restore an industry that failed so may times and at what cost ?

  3. 235

    I really think that this Governmemt should get it’s act together, to try to restore the sugar Industry and pump Millions of dollars into it is a crime. The sugar Industry is Dead. The talk about alcohol fuels is a joke, it is proven that it emits more dangerous chemicals that what we have now. What will it cost to bring lands back into production. I can bet that our sugar has cost us over $ 10,000,00 a ton to produce, and now we are going to pump Three hundred Million Dollas in the Industry, Who is the mad man ?

  4. The Oracle

    the guvvamint barely looking to set up projecks so dey cud teef all d money, d cnuts

  5. Due Diligence

    The guy in the video looks like he could replace the recently departed star in the Sopranos

    Being unfamiliar with Sea Island Cotton, Due Diligence decided to do some Googling.

    Here are some interesting sites, which readers are encouraged to visit. For more, Google – Jonathan Bryant

    http://www.sea-island-cotton-of-barbados.net

    Excerpted from the 63 page offering memorandum – “The Barbados Ministry of Agriculture has granted Jonathan Bryant, under the trading name of BSC Inc. to be an International Barbados Company, the rights exclusively to produce a brand to rebrand Barbados Sea Island Cotton for export and delivery to the World Cotton market, a $32BN per annum opportunity”.

    http://securitiesenforcementblog.com/2012/09/28/sec-charges-jonathan-bryant-thomas-kelly-carl-duncan-and-8000-inc-in-market-manipulation-scam/

    SEC Charges Jonathan Bryant, Thomas Kelly, Carl Duncan and 8000, Inc. In Market Manipulation Scam
    Posted on September 28, 2012 by Mark Fickes
    SEC v. 8000, Inc., Jonathan E. Bryant, Thomas J. Kelly, and Carl N. Duncan, Esq., Case No. 12-CV-7261 (S.D.N.Y.).  On September 27, 2012, the SEC announced charges against 8000, Inc., Jonathan E. Bryant, Thomas J. Kelly, and Carl N. Duncan, Esq. for their roles in a scheme to manipulate 8000, Inc.’s (“EIGH”) stock price…………………

     
     http://www.barbadostoday.bb/2013/01/08/us-probe-2/

    US PROBE
    Jonathan Bryant
    by Shawn Cumberbatch
    Barbados has become a focal point of an American government investigation into the business dealings of a British investor living here.
    The alleged failure by Jonathan Bryant to follow through on promised multi-million business ventures here and public statements about the same are part of an unlawful securities scheme, the United States Securities and Exchange Commission has claimed.
    Bryant, who has lived in Barbados for the past three years, and in that time has become known for his involvement in sponsorship of athletics, football, cricket and other sports…………..

    Interesting how the Barbados Today article does not connect the dots from Jonathan Bryant to his exclusive right to produce a brand to rebrand Barbados Sea Island Cotton for export granted by The Barbados Ministry of Agriculture, if in fact there is any truth to claims on the BSC Inc website.

    If it is true, how desperate can the government be, that The Barbados Ministry of Agriculture has granted Jonathan Bryant, under the trading name of BSC Inc. to be an International Barbados Company, the rights exclusively to produce a brand to rebrand Barbados Sea Island Cotton for export and delivery to the World Cotton market, a $32BN per annum opportunity.

    $32BN per annum??????????

    The entire 2012 GDP of Barbados is less than US$5BN
    .
    Has no one in the at Government Headquarters heard of the concept of due diligence?

    Has no one in the at Government Headquarters heard of Google?

    How is it possible for Government to get into bed with this guy Jonathan Bryant without checking him out?

  6. peltdownman

    Let me tell you that I would not buy a second hand car from that creep in the video. The idea of Caribbean Sea Island Cotton has been dead for a long time, as individula countries such as Jamaica and Antigua have broken for themselves in dealing with Japan. Also, and crucial, the ownership of the Caribbean Sea Island Cotton trade mark is still not in Caribbean hands, and therefore cannot be used by Barbados. So the re-branding to Barbados Sea Island Cotton makes sense. Until………they go and give the rights to this brand away again! $32 billion?! We cannot even produce enough cotton to keep a mill running for more than a month, if that. The whole thinks stinks of either desperation, or something even worse. What the hell is going on? We need an explanation either from the Ministry of Agriculture or Exclusive Cottons of the Caribbean Inc (ECCI), as to the thinking behind this ridiculous move.

  7. Oh My God!

    What is sadder, watching this no personality, no story, stock hustler or thinking about the government official who purported to sell something the government doesn’t own?

    Its actually hilarious except for the fact that these things go on in the Caribbean all the time.

  8. Adrian Loveridge

    Due Diligence,

    Veco (Commonwealth Construction) – Ted Stevens
    Never built a prison anywhere else in the world – but they did in Barbados.
    3S – (Sir) Jonathan Danos – accused of accepting bribes and corruption in three countries, but they sort of expanded the ABS highway.

  9. Pingback: Confusion and intrigue as press release battle errupts over the “Sea Island Cotton” brand names. | Barbados Free Press

  10. Martyn

    How are we going to make Barbados cotton viable? It would be viable if little Barbados stops believing that it has to mass produce everything it exports to be successful. It is clear we don’t have the vast resources these much larger countries have. Why try to compete with them in this way? Why not produce what we can and market it as a SPECIALTY PRODUCT? Our sugar and cotton are both high quality products that could be sold at much higher prices than other countries if marketed properly. Barbados needs to learn to target the higher class consumer rather than this mass marketing business. As it relates to manufacturing stop trying to be like USA or China and be more like the much smaller (but very successful) Germany.

  11. Joyce henkel

    Where is mr Carstarphen He was the only one who could change this cotton industry for Barbados