I've known Rajan Narayan pretty well just over 20 years ago. I have always maintained he had in good time understood the Goan mindset, particularly of the *Cristao* minority - for whom he almost went overboard with the *empathy and sympathy* campaign, during his golden days: the Konkani agitation.
Rajan has sworn his Independent Goan Observer (IOG) will be *wholly owned* by the readers, managed/supervised by ... blah, blah. Under the Indian Companies Act, 1956, the owners of a company are its share-holders, NOT its creditors or debenture-holders. In the *projected financial statements* posted at the RajanNarayan website, kindly peruse the projected Balance Sheet. Out of an authorised capital of Rs. One crore, an Issued & Subscribed capital of only Rs.20 lakhs is shown. The people who will own IGO, in law, will be the ones holding that paid-up equity of Rs. 20 lakhs. As against this, check the Annexure IV (Cash Flow Statement.) This speaks of creditors to the tune of Rs.36.86 lakhs by the end of the first year. Now who do you guess is going to *own* the IGO? If you intend to post your guess here, please specify whether you are a Goan and a *Cristao* :-) Regards/Valmiki ########################################################################## # Send submissions for Goanet to [EMAIL PROTECTED] # # PLEASE remember to stay on-topic (related to Goa), and avoid top-posts # # More details on Goanet at http://joingoanet.shorturl.com/ # # Please keep your discussion/tone polite, to reflect respect to others # ##########################################################################
