Here's an interesting story on the Clico situation which was printed in the Jamaica Gleaner on February 1st and brought to our attention by one of our readers.
Guardian Holdings Chairman Arthur Lok Jack said it was important that no one tries to bury the nail in the coffin.
"Even Guardian Holdings...was swift to react, saying it was profitable and strong, had no liquidity problems and anticipated no bounce-back from Friday's development. 'There is no connection with CLICO whatsoever of any kind with the Guardian companies,' Chairman Arthur Lok Jack told Sunday Business."
But we all know the old saying....