To all my friends and homeowners:
It is with great sadness and concern that I must confirm that I am
no longer directly involved in the development and management of
My 51% partner, Rupert Roberts, with whom I joined hands in a
gentlemanís agreement 18 years ago, has taken control of the project
with a plan that I refuse to support. His statement to me that
payroll was exorbitant and must be reduced by 50% will leave all of
management and many of the loyal employees jobless and will
significantly reduce homeowners investment values.
There are over $100,000.00 in unpaid bills in the United States
related to Bimini Sands for which I am personally liable which are
not being paid by Bimini Sands.
As a minority partner, I have no recourse within the business
structure. Accordingly, I have removed myself.
Thank you all for making the last 18 years a wonderful experience.
Frank J. Cooney Sr.