St. Maarten Private Eye

Well, once again you all from sxmprivateeye got the ball rolling on this one; I knew from a long time ago that this deal was a sweet heart deal. Mr. Barendson sold the company sometime in December 2007. Sint Maarten got screwed on this one for sure, some people made some good money with this deal.
Seven seas are already boasting about their intentions for Saint Maarten as you all rightfully pointed out, I copied their statement, see below:
The article about their venture in Saint Maarten states:

Seven Seas Water has been serving the Caribbean from our Virgin Islands base since 1997. We have had the privilege to provide water and wastewater services to some of the top hotels and developments in the Caribbean, as well as the water authorities for both the US Virgin Islands and St. Barths.
Seven Seas Water designs, builds, finances, owns, and operates large desalination and wastewater plants, a business model known as "BOO", or "Build-Own-Operate."

The firm has grown to be the largest private provider of potable water in the US Virgin Islands, a major provider in the Turks and Caicos Islands, and is rapidly growing its operations throughout the Caribbean.
Drinking water for the Dutch side of St. Maarten will soon be produced by Seven Seas Water, who will be increasing desalination capacity to over 5 million gallons per day.

Interesting isn’t it, here is Seven seas Website:

Well the question is where did Seven seas a company that exist only in the Caribbean and is only located in US Virgin Islands and Turks and Caicos Islands got the money from to purchase the Airfin water plant, well a little more digging and you can find out where they receive their financial backing.

It seems like Mr. Barendson knew of seven seas intentions and therefore use it, Heres the article from Venturebeat.

Here’s what the article says:

Seven Seas Water, a water desalination and purification company in St. Thomas, Virgin Islands, has recieved $20 million to buy up similar companies in the sector (in the Caribbean).
According to VentureWire, the company is backed by buyout firm TPG, venture firm DFJ Element Venture Partners, and Douglas Brown, the former chief executive of water purification and desalination company Ionics Inc.
According to the report, Seven Seas Water has received commitments for up to $100 million from TPG and DFJ Element.

If you think I’m making this up here’s another link for you with more detail.

Ok enough said you all do the reading, I listen to Mr. Barendson interviewed with Eddie Williams’s owner of Soualiga radio station 99.9 on the FM dial, in fact he did the interview at Oyster Bay Resort.

Mr. Barensdon made it emphatically clear that his intention is not to sell the company. But in Saint Maarten anything goes and with lazy journalist the news will be dead in no time and the crooks will once again remain free to make another bad deal, with the help of some greedy politician of course while Saint Maarten is left holding an empty bag.