David Smith fails to show for \'Full Hundred\' on OlintWIGNALL\'S WORLDMark WignallSunday, August 03, 2008Two Thursdays ago when embattled head of Olint TCI, David Smith, promised to give me the \'Full Hundred\' on Olint, I allowed my most optimistic side to cling to the tenuous hope that he would indeed do so. \'Full Hundred\' is, of course, street slang for the obvious: giving the full story with no fanciful promises and skilfully crafted embellishments.\n\nIn that telephone conversation we had (he called three times in 15 minutes) he sounded like a man ready to unload, either because the times demanded it or because the goal posts could not be moved any further away from the field of play.\n\nWanting to give the highly anxious and super-stressed-out Olint investors something more than a nebulous nine months for the gestation and rebirth of Olint, I told him then that I was in the position of so many people - forced to speculate because of a lack of information. I told him that I could notwrite a full page of \'nothings\'.\n\n \nSMITH. asked investors to give him nine months \nMy objective then was to have a face-to-face with him. \"I will get back to you, Mark, and give you the \'full hundred\',\" he said.\n\"Should I tell the readers that?\" I asked. He agreed, but went further. \"The paper isgoing to sell off.\" Even though the times called for tears, I exploded in laughter, not so much to mock those who have begun to crowd private hospitals due to increased and unrelenting stress, but to encourage him to live up to his promise.\n\nA short while later, I realised that a face-to-face in Turks and Caicos was not in the making so I dispatched to him, through a third party, 16 questions, when what I really wanted to ask was 100 more. That Smith has failed to live up to his promises to me will not, of course, endear him to those who even now are allowing a deeper and more painful realityto sink in.\n\nAt this time, to those people, Smith is on their \'most wanted\' list.\nMany of those who worked for him have departed, so direct contact with him was the best way to gather information on Olint. The fact that he made the link with me, issued a promise, then failed to show, has left me ina position to naturally conclude that Smith has either taken professional advice to shut his damn mouth or, at the very time of our telephone conversation, the \'full hundred\' promised was just his way of knee-jerking himself to the next day.\n\nIn his last letter to club members he asked them to givehim nine months. To do what? Recover their money? Recover a part of the funds? Or, as many are saying, he was giving himself nine months\' breathing space?\n\nThe fact is, telling investors to give him nine months begs the obvious questions. What will Olint/Smith be able to do for investors nine monthsdown the road that he is not able to do for them now? How likely is it that he will ever be allowed to trade again?\n\nIn his interview with ace journalist Cliff Hughes, mention was made of an e-mail he had reportedly sent to his wife admitting that he/Olint was bankrupt, busted, gone kaput. I criticised that at the time, even as one sensed that Smith was wavering between travelling the formal, legal route and cleansing his soul by a frank and full disclosure of the financial status of Olint.\n\nIn that interview with Hughes, he said, \"I pray to God that the funds will be released by Friday.\" Which funds, Mr Smith? Which Friday, Mr David Smith?\n\nThe Olint fall from grace, to promises, to pain\n\nmore....\nhttp://www.jamaicaobserver.com/columns/html/20080802T230000-0500_138600_OBS_DAVID_SMITH_FAILS_TO_SHOW_FOR__FULL_HUNDRED__ON_OLINT_.asp Caicos, Cash, Daisy, Express, Investment, Jamaica, JLP, May, Money, Olint, Plus, PNP, Ponzi, Pyramid, Reggae, Scheme, Turks