To: Style Writer who wrote (8189 ) 7/24/1998 2:29:00 PM From: biotechlawyer Respond to of 43774
UDP v. PUP (based on easily accessible web sources) The UDP is the current governing party (parlementarian system). The PUP is the opposition party. In every day terms, the UDP is perceived as right wing, pro-business and the PUP is the liberal, party of the working (wo)man. Given that this is an election year in Belize, if the UDP actually had entered into an agreement to build and finance houses for the citizens of the country, I would expect that fact to be trumpetted loudly by the UDP to show that they care about the common man. The PUP, on the other hand, could hardly come out against such a program (absent claiming that the program is last minute vote buying) given its populist position. Even if it did come out against the program, there should be some public debate. What is very strange is the complete silence on the issue from Belize. There are only 200,000 people in Belize (as of 1992, approximately 45,000 of them were school-age children). A building and mortgage program of the scale claimed by PRWT would be one of the biggest things to hit the country in a long time. IMO opinion, if for whatever reason the Belize deal does not go forward, PRWT may have big trouble on its hands (shareholder suit?). Anything less than a joint press release saying that the project is going full ahead would be troublesome. On the other hand, such a joint press release would unequivocally (IMO) establish the credibility of PRWT and its management team. Also, does PRWT management convey info. to certain people, but not publicly disseminate the info? Several posters appear to have direct contact with the CEO. Others contact the company and get no response or "no comment." Is it legal for a company to selectively disseminate such info. and is it legal for recipients to trade on the info. prior to the info. being publicly disseminated?