Corruption in Samoa – Investment Impact

Samoan Parliament building – currently being rebuilt [2017] – a meeting place of power (and corruption).

With increasing awareness of and in particular the extent of corruption in Samoa the questions should be asked, “Should I? . . . Is it safe to invest into Samoa?” In this post I address this question sharing some of the issues that ex-pat or off-shore Samoans, other philanthropists or business people should know more about. The answer is not a simple yes, or no, but it leans very heavily towards no, a highly conditional “yes, but only if . . .” [Read more…]

Tuila’epa’s Assassination Complicity

Image source: OLP

In this post I share my take on anonymous Samoan blogger O Le Palamia’s (OLP’s) renewed claim that Samoa’s Prime Minister Tuila’epa, instead of being an intended victim of a political assassination, was fully knowledgeable of the assassination of a threatening political figure, if not even arranged it. With ‘plausible deniability’ a known technique of those in political power, OLP’s claims deserve a closer look. Enjoy. [Read more…]

Christianity – Man of God

Tiavi - The Cross Island Road

The Christian walk is primarily a journey, not a destination. One who walks it diligently can claim to be a Man (or woman) of God.

I write from a Christian perspective. My commentary on corruption in Samoa counters much that a strongly religious society preaches. I pass on the modern phrase that I am a “spiritual” person. I don’t attend church and am a “non-denominational Christian” but as a self-professed “Man of God” I describe the concept (granted, a label) in greater detail. I give examples from my own life of what a Christian man of god looks like, and equally importantly doesn’t. Enjoy. [Read more…]

Corruption in Samoa – PM’s Mistress

Papali’i Sonja Hunter – CEO STA (Photo: Samoa Observer)

In this post I share a private (and thus far confidential) communication to Samoa’s CEO Tourism, Sonja Hunter, issued at the height of our conflict with STA. I do it in an effort to show that her inevitable shame, disgracing and downfall as knowledge that she’s the PM’s Mistress kicks in, was not a result of an effort by me to destroy someone who attempted to destroy me, but in fact occurred in spite of my best efforts to help her and Samoa. Sadly though, those with flakey morals and the hypocrisy to go with it are not ones to take advice, especially good, biblically based advice. If it’s possible to enjoy this sort of stuff, enjoy . . .  [Read more…]

Corruption in Samoa – What To Do

Tuila’epa – Samoa’s Prime Minister – under fire for immorality, hypocrisy & more

Word is out that Corruption exists in Samoa and people are getting excited that King Kong Tuila’epa’s days of tyranny could be coming to an end. In this post I hope to bring balance and depth to the forever challenging political scene in Paradise. Against the backdrop of the PM being evacuated to first Apia Hospital and then Auckland Hospital and then vanishing from the news circles for two weeks, I discuss the bigger picture and what the little people can do. [Read more…]

Bartercard – Analysing the Rot

With calls for action from the authorities (aka inquiry) into the shonky Bartercard commercial barter business, I share here my take on where the rot lies. I put it into context which will hopefully help those affected to take constructive steps. [Read more…]

BBX Seeks a NZ GM

BBX New Zealand recently advertised for a General Manager. Funny! Seek should withdraw the advertisement. I wonder if they will now that I have reported it? Just for the record, the moment I get evidence that any new person in the potential role knowingly promotes this BBX fraud, I will do as I promised I would – prosecute, charging them under s 240 of the Crimes Act.
[Read more…]

Bartercard Update – Bye Bye Trev

Bye Bye Trev! Bartercard’s big shot Trevor Dietz steps down before he’s pushed. Accountability in action?

Yesterday, ASX:BPS announced that Trevor Dietz has [effectively] gone from Bartercard. “Good riddance!” I say. As I shared recently with the impending move by the BPS shareholders waking up and indicating their intent to rid the board of crooks, he jumped before he was pushed. So that’s now two of the original three “Smiles in Suits” from Bartercard who have now bailed – just as I predicted. Trev will now cash up, pocket what he can and move onto another scam-ridden industry or make it dodgy. The third one will go in due course as well, for his sake, hopefully before the house of cards falls around him. Here’s my take . . . enjoy. [Read more…]

The Idolatry of Democracy

I responded to an online Christian motivational piece recently sent to my email which encouraged me to vote in today’s New Zealand elections – a repeating three-year circus that entertains and determines which of the ‘talking heads’ will be in our faces for the next three years. I encouraged the writer to do some biblical research, called his worship of democracy what it was (shallow thinking & idolatry) and got a defensive response, “Bugger off thank you anyway. We’ll have to agree to disagree!” Here it is the exchange FYI. [Read more…]

MEDIA RELEASE: Bartercard Insider Trading

MEDIA RELEASE: Bartercard Director Insider Trading

DATE ISSUED: 25 August 2017

PERMALINK: http://www.dennis.co.nz/2017/08/media-release-bartercard-insider-trading/

MEDIA CONTACT: Dennis A. Smith
dennis@dennis.nz
0272-046-112

Directors of BPS Technology (ASX:BPS, owner of the Bartercard currency) have been accused of insider trading and an attempt to remove all directors has been established by minor shareholders.

The move to evict the entire board is revealed in documents filed with the Australian Stock Exchange this week.

The five current directors are targeted for outright removal by Alceon and LHC Capital and a large percentage of corporate shareholders, due to the Director’s “failure to engage co-operatively”, increasing debt and minimal cashflow generation. “Board composition and corporate governance practices” are also called into question in a move investigative blogger Dennis A. Smith calls extraordinary vindication of his long-term negative commentary on BPS Technology claims.

“It’s a brave move what these shareholders have done.” he says. “This appears to be much more than a one-off event and is more akin to the shareholders waking up to the systemic troubles that I have highlighted since before their dodgy IPO three years ago.”

Mr Smith says that claims of insider trading by the Directors, increasing debt and minimal cashflow generation are absolutely in keeping with his call that BPS was a last-ditch mechanism established primarily for the benefit of the Directors.

“By all metrics Bartercard has been in decline for the last decade and I see this recent attempt to remove the rot at the top of a troubled company is yet another nail in the Bartercard coffin.”

“I suspect that this latest move would be related to shareholders’ frustration that these ‘Smiles-in-Suits’ reneged on a deal to appoint a new CEO, who I am certain would have found a few nasty snakes under the hood,” Smith said.

Directors targeted for removal are: Trevor Dietz, Tony Wiese, Brian Hall, Murray D’Almeida & Garth Barrett.

BPS CEO, Trevor Dietz reportedly refused to comment about concerns relating to corporate governance.

ASX Document (Notice of Intention to Call a Meeting Pursuant to Section 249F of the Corporations Act): http://www.asx.com.au/asxpdf/20170817/pdf/43lh7x3zxw0fsy.pdf