tag:blogger.com,1999:blog-2559260500579382213.post7144393524062509696..comments2024-03-23T13:18:17.693-05:00Comments on Anybody Want A Peanut?: The Dragonfly Affaircherenkovhttp://www.blogger.com/profile/15355986781478585611noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2559260500579382213.post-50916368947338951682013-01-23T21:38:31.442-06:002013-01-23T21:38:31.442-06:00Anon: good synopsis of Crocus.
BWalzer: I don...Anon: good synopsis of Crocus. <br /><br />BWalzer: I don't necessarily agree with that premise. <br /><br />Bob: Some innovative ways to coordinate private investment would be great.<br /><br />Brian: It sounds like UofW got the money it wanted, just not in a transparent way.cherenkovhttps://www.blogger.com/profile/15355986781478585611noreply@blogger.comtag:blogger.com,1999:blog-2559260500579382213.post-57665736351199225982013-01-23T19:36:46.158-06:002013-01-23T19:36:46.158-06:00Just another example of our government screwing bu...Just another example of our government screwing businesses in order to make themselves look good.<br /><br />Remember the $25 million grant that the province announced to help fund the U of W's science complex? Well that was a 'grant' up until the cameras at the pres conference turned off. After that, the province indicated it could not provide a grant for $25 Million, but would instead provide the funds as a loan. Oh, and they would increase the U of W's annual funding by the amount of the loan payments. I guess that's what you have to do when the $25 Million would have caused you to run afoul of balanced budget legislation.<br /><br />Disgusting.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2559260500579382213.post-8349256612214255702013-01-23T10:08:54.928-06:002013-01-23T10:08:54.928-06:00When formal structures like banks fail to help (an...When formal structures like banks fail to help (and that is quite regularly)Government is not the best or the only source of financing. Strategic alliances or creative structuring with other private funders should be considered. These work and I have done them for clients. unclebobhttps://www.blogger.com/profile/16108804757944657087noreply@blogger.comtag:blogger.com,1999:blog-2559260500579382213.post-15142884582675126622013-01-23T10:02:48.841-06:002013-01-23T10:02:48.841-06:00This story spells out tragically the Manitoba way ...This story spells out tragically the Manitoba way of doing business where the connected few make up the rules as they go along. To the extent that it involves behind the scenes manipulation, I find it presents parallels to the problems Marty had with RRC and the connected few. Considering the unwarranted cheer leading of Martin Cash for BCC, and Margo Goodhand's troubling email, on both fronts, I might lump in the FreeP with those few as well. unclebobhttps://www.blogger.com/profile/16108804757944657087noreply@blogger.comtag:blogger.com,1999:blog-2559260500579382213.post-24647992277196733592013-01-23T08:11:07.025-06:002013-01-23T08:11:07.025-06:00In general, if you accept any sort of government a...In general, if you accept any sort of government assistance for a business you are then working for the people/department that gave you the money. Their needs are then your needs.bwalzerhttps://www.blogger.com/profile/08840704616148201335noreply@blogger.comtag:blogger.com,1999:blog-2559260500579382213.post-86131326520050523922013-01-22T23:46:56.378-06:002013-01-22T23:46:56.378-06:00Once upon a time in Manitoba an investment firm wa...Once upon a time in Manitoba an investment firm was created to provide venture capital for small business development in Manitoba. The company was called Crocus Investments.<br /><br />Long story short during the years of NDP government and Manitoba Federation of Labour oversight most of the money that shareholder investors provided ended up in the hands of a small circle of local businessmen who already had access to other sources of funding.<br /><br />Soon some rather strange loans were given, and the tangible assets didn't quite match up with the paper assets.<br /><br />Eventually Crocus asked the Manitoba Security Commission for permission to not pay back the class "A" shareholders for their investments in Manitoba business.<br /><br />Many years later after much court time and several lawyers making hundreds of thousands of dollars, the courts allowed the class "A" shareholder to get back about 1/3 of the money they invested.<br /><br />The shareholders even had to pay the legal expenses of the people who had oversight of the business.<br /><br />Nobody went to jail or was charged with any criminal act because it was all legal.<br /><br />In fact the people even elected one of the businessmen who still refuses to pay back any money as mayor.<br /><br />Welcome to Winnipeg, welcome to Manitoba - the socialist paradise. <br /><br />Anonymousnoreply@blogger.com