Here's to the crazy ones, the misfits, the rebels, the troublemakers, the
round pegs in the square holes... the ones who see things differently -- they're
not fond of rules... You can quote them, disagree with them, glorify or vilify
them, but the only thing you can't do is ignore them because they change
things... they push the human race forward, and while some may see them as the
crazy ones, we see genius, because the ones who are crazy enough to think that
they can change the world, are the ones who do.

Steve Jobs
US computer engineer & industrialist (1955 - 2011)

Showing posts with label genetics. Show all posts
Showing posts with label genetics. Show all posts

Sunday, March 15, 2020

The Coronation of Andrew Furey - Part 2, Brendan Paddick

1986 was a defining year in the province's cable history. Prior to 1986 there were a number of scattered cable companies all over the island of Newfoundland. Everyone is familiar with former Premier Danny Williams involvement in those early days, but there were others. On May 13, 1986 the CTRC brought down its decision on which one of four cable companies would control cable vision in rural Newfoundland. Danny Williams' company Eastern Cable was in the bidding. So were Shellbird Cable (formerly Western Cablevision of Corner Brook), Central Cable and N1 Cable. HPhil Keeping, N1's founder, and personal mentor to twenty something Paddick, succeeded in convincing the CRTC to grant his company the coveted licence.

Shortly after that fateful decision, Williams' Atlantic Cable bought all the losing companies except N1. A young Brendan Paddick, fresh  from MUN's commerce program, was hired by Keeping to sell N1 to the collection of towns and villages granted to him by the CTRC. During an interview with Atlantic Magazine, Paddick opined on the old days, but his tale also tells us something about him:

"As a salesman for N1, whose business model was to build a rural cable TV network where there wasn't one, I knocked on the doors of literally every home in 151 towns. That was thousands of doors. I knowm people used to look at me and say, 'Well, now, look there's Paddick with a business degree no less, going door-to-door, couldn't find a real job.' But, you know what? In my first year oof doing that, I made about $150,000. Of course, I kept it very quiet..."

The camera pans back to the young door-knocker and his homemaker customer. Remember, he tells her, to stick her yellow copy of the cable work order in the window facing the road. That way, when the technician rolls by later, he'll know which house he's supposed to service. After all, he laughs, street numbers in these rural towns can be hard to find.
'The next thing I knew,' he says, 'is I'd have kids stopping me in the street saying, Mom wants one of those yellow things for her window. It had nothing to do with cable. It was pure peer pressure. Before I knew it, there was this groundswell. They all wanted yellow slips for their windows."

What these statements say, at least to this author, is that Paddick is an aggressive, motivated, manipulative, and ruthlessly determined individual whose primary focus is making money and using the basest means to do it. As he says:"It had nothing to do with cable. It was pure peer pressure," and "Of course, I kept it very quiet". Remember those comments for later.

Despite the aggressive expansion of its business, and re-branding to Regional Communications, the company was having great difficulty in remaining in business. It was not meeting all its debt obligations, and Paddick managed to talk the Board into allowing him to become the company's new president when the original gave his notice.

Then, in 1991, a truly fortuitous moment happened in Paddick's life - he met Wayne Myles. At the time Paddick was running his own company named Research Associates, a market research company. Myles approached Paddick to join the Board of the Victorian Order of Nurses (Myles Chaired the Board - More on Myles the Rotarian in the next part of this series). Once Paddick agreed. Myles became involved in his life helping him to negotiate a concession package, and restructure of the debt of Regional Communications. This allowed for the rebranding of Regional Communications to Persona Communications - as most people are familiar with it. Persona continued on with varying degrees of success until it went public in 1998. After the IPO Paddick became President of Persona.

Myles describes it:
"When he became CEO, we did a number of complex deals for them...in my firm which was then known as Benson Myles. So we did work for Persona across Canada and established a fairly deep relationship with him and his team."

In 2001, Myles hooked up with John Risley (much more on him in next parts), owner of ClearWater Seafoods. At the time, Risley was attempting to take control of FPI, but the Newfoundland government (Brian Tobin) would not give control of more than 15% of the company to any non-Newfoundland entity. The solution was to place Paddick as a Board member. Risley was then successful, on his second attempt, to take over FPI. After that time Myles, Risley and Paddick collaborated in each others' business:" Risley as an investor in Persona; Paddick as a board member of the Risley-founded Clearwater Seafoods public company; and Myles as legal strategist for both."

In 2002, as President of Persona, Paddick purchased a 25% share in Cable Bahamas from his old mentor Phil Keeping. As the Globe and mail noted, in 2002, Paddick did quite well by his new acquisition:
"A walking tour through Persona's management proxy circular and assorted financial statements presents a few curious tourist attractions. Here's one: Brendan Paddick, Persona president, is the happy recipient of a $1.1 million (US), interest free loan. The money, according to the proxy, was used "to finance the purchase of his new personal residence. And where is the new residence? In the Bahamas, lucky him."

By 2003 Paddick faced  a shareholders revolt over his Caribbean wanderings - they accused him of not being focused on Persona's core operations. So, in 2004, Paddick agreed to sell Persona to a group of wealth funds fronted by Dean MacDonald. The wealth fund that purchased Persona could not, however, own holdings outside of North America, so Persona's interest in Cable Bahama became immediately available. Paddick scrambled to buy it before anyone else moved in. He personally did not have the money to purchase it, but his friend John Risley did. As Risley put it:
"We had decided what our launch had to be. We originally thought it (Cable Bahamas) carried a price tag of US $35 million. At a dinner in Toronto, it became apparent that it was going to be US $50 million, and I went home angry and disappointed. Brendan told it was 50 or we weren't going to get going, so I agreed."

According to Paddick:
"Risley actually wired US $50 million to my personal chequing account in the Bahamas without a piece of paper, a demand note or a lawyer involved. We closed the deal after regulatory approvals in February 2005 and the rest is history."

By that same year, despite a seven year rule for citizenship in Barbados, Paddick was a Barbados citizen. Also in that year, Paddick and Risley had run out of their own money after buying the Cable Company of Trinidad and Tobago. Hankering back to his early door-to-door, dogged, pavement-walking days, Paddick and Risley tried to raise funds in New York, but failed. As providence would have it, or just good intelligence, billionaire Michael Lee-Chin and Michael Dell (Dell Computer) came to their rescue. They paid $130 million for a sub sea cable network called New World Networks, which became Columbus Networks. Over the years of purchasing, amalgamating, and selling cable companies in the Caribbean, Paddick established 30 corporations through a law firm owned by one Andrew V Thornhill in Barbados. The disclosure  of these tax haven accounts was made as part of the giant leak of tax haven accounts collectively known as the "Paradise Papers" to the International Consortium of Investigative Journalists. For your information, the 30 accounts and their details can be read here:

https://offshoreleaks.icij.org/search?utf8=%E2%9C%93&q=paddick&e=&commit=Search

It is unclear whether or not any of Paddick's businesses or income have paid any taxes in Canada, and specifically Newfoundland and Labrador, in ages. He remains a citizen of Barbados, and his income fund remains there too.

In November, 2016, Brendan Paddick was named Chair of Nalcor Energy, despite having no background in utilities or mega projects, other than being the "cable guy".

Exactly six months later, Wayne Myles, lawyer, chief connector with a large empire of his own, was named as Chair of the Newfoundland and Labrador Liquor Corporation.

The next part in this series will focus on John Risley, Wayne Myles, Mark Dobbin with a few others, and their ties to Doctor Andrew Furey. The alarming agenda behind the coronation of Andrew Furey.










Sunday, March 8, 2020

The Coronation of Andrew Furey - Part One

Doctor Andrew Furey, son of Senator Furey (Chair of the Senate of Canada), Surgeon, Philanthropist, humanitarian, and family man. Have I missed anything? This is how Furey is being sold to the people of Newfoundland and Labrador, and all of it is true to one degree or another. However, and it's the biggest however I can give you, that is only one side of Andrew Furey. The other side of Furey, the one that is driving his coronation as Liberal leader and therefore Premier, couldn't be more different. That side of Furey is all business, friends in business, and back room wheeling and dealing. The two seem impossible to reconcile on the face of it, but facts don't lie.

To understand the backroom deal made to bring Furey in as Premier you have to understand that in the realm of the backroom. or the darker side of politics shall we say, there exists a schedule. When a person such as Furey "suddenly" emerges onto the scene, and has this sudden swell of support, you need to understand that it is not spontaneous. It involves years of grooming and positioning by handlers and fixers. Anyone remotely close to Furey's position has both - normally close to their inner circle. They also have financial backers to pay for organizing it all, and to fix those problems that come up along the way. Furey has these folks, and in the following parts to this expose I will be laying them out in detail for the people of the province.

Another important fact to remember is that the soil which has fed the political and business roots of Furey's life has been supplied by his father - Senator George Furey. In itself, there is nothing wrong with that, and all of us might hope our Dad would do the same for us. However, in the context of the rise of Andrew Furey, and the business interests that he has surrounded himself with, it is important to note that his father has been in the general area, so to speak.

All of that generally brings us to the backroom dealings to bring Furey into the Premiership of the province. Without getting into too much detail in this part of the expose, suffice it to say several clues were put out there to show people what happened. The first thing you need to understand is that backroom deals appointing Premier are across party lines - ie: in this case the backroom of the PC Party has decided to throw Ches Crosby on the proverbial pitchfork, and the PCs will be relegated to opposition with a caretaker leader - as per the schedule.

The first clue a move was under foot, from the general public's perspective, was the decision by the Liberal government not to proceed with a public inquiry into the Humber Valley Paving scandal. Frank Coleman, who was at the time owner of the company, and anointed leader of the PC's (Premier in waiting actually), was a long-time business associate of not only Andrew Furey's father, but also Brendan Paddick, John Risley, Peter Woodward, Rex Anthony, and Danny Williams. Other major business people with links to Andrew Furey, and or his father, include people such as Paul Antle and especially Mark Dobbin (as you will see later). Here's a little taste of what's to come on this:

The Fish Merchants Battle For the PC Leadership
Rock Solid Politics, March 30, 2014,
https://rocksolidpolitics.blogspot.com/2014/03/the-fish-merchants-battle-for-pc.html

"
Coleman was educated as an economist. He was the senior economist for Newfoundland and Labrador Hydro (before there was a Nalcor), and had a private consulting business known as Atlantic Consulting Economists Ltd. Strangely, he wrote a study in 1993 on the economic feasibility of the Trans Labrador Highway - which his company is now paving. But there are many more twists along this road.

It goes back to the fishery, strangely enough. Back to the days of FPI. FPI was a company formed by the provincial government from the assets of a number of failed fishing companies in 1984. Then, in 1987 under Premier Peckford, FPI was privatized. Previous to the privatization, a number of fishing corporations that were competitors to FPI put forward proposals to take it over, but the government wouldn't relax the rule of a maximum 15% ownership per entity. The predecessor to Iceland Group PLC was one of them. The Risley Group (Clear Water) was another. The proposals were refused by the government, and John Risely blamed the Williams government for meddling in the deal, and killing it. http://www.cbc.ca/news/canada/newfoundland-labrador/government-meddling-hastened-fpi-s-demise-risley-1.652838

In any case, Bill Barry of the Barry Group (the other PC leadership candidate) thought he had secured a deal to buy FPI's Newfoundland assets - so much so that it was made public:  http://www.theglobeandmail.com/report-on-business/fpi-reaches-deal-to-sell-local-operations/article676850/ 

But, the Williams' government didn't go with Mr. Barry. Instead, the assets were sold off to Ocean Choice International which was owned by Ches Penney of the Penney Group. National media were so perplexed by Penney's move that they speculated he could be the front man for an Icelandic company: http://www.theglobeandmail.com/report-on-business/who-is-this-guy-and-whys-he-investing-in-fish/article1077331/
The other successful bidder was High Liner Foods Inc of Nova Scotia - which bought a plant and FPI's US marketing arm.

What was left of FPI became FP Resources Ltd. (FPR) FPR's membership is a who's who of the Newfoundland and Labrador business establishment : Peter Woodward (Woodward Group); Rex Anthony (Anthony Group); Frank Coleman (Coleman Group); and previous members John Crosby and George Furey. International players are: Iceland Group PLC; Glitner Banki hf (recently stripped of its bank status in Iceland and in the midst of serious issues); Eric Barratt (Sanford Limited New Zealand); and Randy Bishop (Whitecap International Seafood Exporters). John Risely and his Risely Group of Nova Scotia round out the list.

FP Resources took its cash from the fishery and began investing in the Caribbean. Specifically it began investing in a company called CFFI Venture (Barbados) Inc. (CFFI). CFFI in turn invested in Columbus Communications Ltd, a privately owned telecommunications company that provides retail, cable and internet services to Jamaica, the Bahamas, Trinidad and Grenada, and broadband connectivity to Caribbean countries.  Columbus is run by Newfoundlander Brendan Paddick. He was also the CEO of Persona Communications, which some of you may remember being at the centre of a $15 million contract controversy (Williams' government gave Persona an untendered  $15 million contract to deliver cable services to Labrador). http://www.cbc.ca/news/canada/newfoundland-labrador/tax-dollars-boosted-persona-for-sale-reid-says-1.678159 "

By dropping the judicial/public inquiry into Coleman and his company, the Liberals signaled a deal had been done. Within a week Dwight Ball resigned as Premier. The media in the province is spinning Ball's departure as an uprising within the caucus against Ball. The truth is that certain cabinet ministers within the caucus, acting in conjunction (more or less orders) with the backroom, deliberately undermined Ball to make room for Furey. Furthermore, there is evidence the federal Liberal party is up to its neck in the Furey coronation (later in parts to come). Suffice it to say that the political/business establishment is behind the "sudden rise" of Andrew Furey.

It is also evident that once Furey is made leader of the Liberal Party (officially), and Premier (officially), that he will call a summer election. The first clue for this is the temporary spending bill just passed in the House of Assembly that funds the government until June. The second clue is that Furey will be an un-elected Premier, which has never happened in the province's history, and therefore its a good excuse to call an election so he can "have a mandate, blah, blah...". You get the idea.

Other signs to look for:

1. The media, especially the CBC, spinning stories that make Ches Crosbie look bad or ineffectual;

2.  Media, or Liberal spinners (yes, like you Lori Ann Oates), stressing the need for a new economy in the province based on technology rather than resources (as if the place doesn't need every single cent it can squeeze from any rock available...)

3.  Key words like "transformational"and "generational" and "fundamental" "change" coming from the media, business, and/or previously mentioned shills. These words are a clue to what Furey and his business backers/friends have in store for the province. They're trying to get people thinking along those lines before they bring in their plans;

4.  A heavy emphasis on the state of the economy and the desperate need to act - to create fear in the public, and condition them for saving solution; and

4.  Marginalizing of critics publicly.

These are some of the things you can expect. There may well be others for the same purpose. The important thing for you to know, as a Newfoundlander and Labradorean, is that you are being played yet again by the business elite of the province - as disgusting as that is. Muskrat Falls made some in the business community very rich. They took what little money you had, and then they mortgaged you for generations, but they got their piece. Now they are about to do it again. This time it will involve technology. The "transformation" that Furey referred to in his opening address has to do with digitizing the province, artificial intelligence, and selling people's genetic information - most notably to an American corporation. All the players mentioned above have a hand in it. Most have formed corporations to profit from it. It's happening exactly the same way Muskrat Falls happened: an arranged political coronation that has at its core people with vested interests that will cost the people of the province whatever they might have left.

The parts coming up in this expose will be the detailed breakdown of the business people involved in this "transformation", their relationship to Andrew/George Furey, and the detailed breakdown of the corporations and organizations they have established over the last decade to get ready for this moment. You've been warned. Be vigilant. Be informed. Let others know the truth. If you question whether I'm telling you the truth ask yourself this: "Was he telling us the truth about Muskrat Falls?"