(CMR) The Cayman National Corporation Extraordinary General Meeting is occurring at this time with the shareholders of CNB at the Marriott.
Thus far we have been informed that some concerns have already arisen about the lack of due diligence on the purchasing entity. The CNB/CNC directors who are supporting the sale were unable to state who the shareholders of Republic Bank Trinidad and Tobago (Barbados) Limited are. There have been concerns about their stability following a previous alleged bailout of related entities.
Thus far the highlight of the meeting has been the comments made by AL Thompson, a shareholder.