The Tribune

EDITOR, The Tribune.

We heard probably now nearly a year ago that the popular US fast food restaurant chain had been granted a franchise for The Bahamas and a group was going to cloud fund the project. If I recall some $1.8m plus was announced had been placed.

Weeks went past, no further news - further weeks no news then following social media mention that a location had been selected the promoters confirmed a location had been found and an MOU signed, but did not want to disclose the location - then further silence.

I had hoped by now we could enjoy a Red Lobster meal rather than waiting for my infrequent visits to Miami or Orlando but no - still silence.

No location even speculated - no proposed opening day.

Disclaimer, not an investor, but I would be disturbed if I were. Doesn’t this sort of investment fall under Bahamas Securities Commission preview?

JEROME WELLS

Nassau,

January 17, 2023.