Portofino Resort- Now with a new BEACH BAR!!
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#156504 - 08/21/03 08:42 PM Investors Needed
Anonymous
I am interested in selling 1000 shares of stock for $100 U.S. each for a small tourism project (a backpacker's campground / budget lodging which I have temporarily named "Backpacker's Heaven - Caye Caulker" ) which I am interested in completing before the season starts in December of this year. The expected rate of return on your investment would probably be at least 10% a year.

If anyone is interested, please e-mail me at belizeanthings@yahoo.com

Cheers,
Wendy

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#156505 - 08/22/03 01:06 AM Re: Investors Needed
Pedro1 Offline
There is one thing I can tell you,and that is the BTB will not sanction the word Backpackers.Also, to my cost, I found out that they must approve your project before you start to build.

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#156506 - 08/22/03 05:24 AM Re: Investors Needed
Anonymous
Hi Pedro:

Thanks very much for your input. Could you please elaborate on what you mean by "the BTB will not sanction the word backpackers?" Also, why does the BTB have to approve your project BEFORE you built? Doesn't make sense to me.

Sounds like the BTB is very biased towards BEEG businesses (no surprise here), but the thought process is very narrow minded. I am sure that as an owner of a backpack inn yourself that you will find out quickly enough that forty backpackers in your hostel at $15 a head per night might not seem like a lot of money to some, but the net effect of the food they eat at your establishment, the drinks the consume from your premises, and the tours they book through you far outweighs what you loose in lodging income.

There are visitors for hotel rooms at $150 per night and there are visitors for beds for $15 per night. Which type of accommodations is offered by any outfit should really be dictated by what the market will bear and not by the dictates of office-bound bureaucrats who work for someone else because they lack the know how to go into business for themselves, I think. Picture the irony in that.

Cheers,
Wendy

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#156507 - 08/22/03 03:40 PM Re: Investors Needed
Pedro1 Offline
Call them -they do not make much sense but it will save you a lot of mo ney i n the long run.

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#156508 - 08/24/03 06:32 PM Re: Investors Needed
Anonymous
Hi Paul:

Thanks for your message.

There is no magic in the numbers. I currently pay a local bank 12% interest on a loan I currently have for another business I also own and operate. I figure if I can pay back 12% interest to a bank, I can pay a 10% dividend to investors instead.

$100K is the investment capital I need for this new business venture. It just seems like more people would have $100 disposable to invest than $1000 or even $10000. I am just trying to make it easy to invest.

Cheers,
Wendy

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#156509 - 08/30/03 05:57 PM Re: Investors Needed
Chris Offline
Wendy;

I would go to the bank for 12%. Less hassle for you and you won't disappoint anyone except them if the project doesn't work out.

If 300 people end up buying your 1000 shares you have obligations to them. You have to do the accounting at the end of each year for each investor. Seems like a big headache.

Also, what percentage of the total share value are you offering?

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