DEAR EDITOR – Investment is a risky business. The $15.00 million investment in Tavanipupu Island Resort is indeed one of the NPF’s risky business ventures.
An investor and a worker on the Island had assured the public that there was someone eying to purchase the resort.
Could the public be informed of who that purchasing party is and for how much? I cross my fingers, if the amount would not be less than $20 million so that the investment would indeed be risky?
A another matter, yes, the 15% interest payable to active members; it would be interesting to know what investment(s) have yielded good interest income so as to afford such interest on the members saving in the fund?
Not the Tavinapupu Island Tourist Resort, for sure. But it is good idea that members get maximum return on their savings.
But if it is for the diversion of attention of the public from that $15 Million queries, then so be it.