2024-02-20

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Public Notice No. 3 of 2024 – Winding Up Petition for MDollaz Ltd. dba ArawakX and Related Matters

The Supreme Court of The Bahamas has granted the Securities Commission’s application for the court-supervised provisional liquidation of MDollaz Ltd., dba ArawakX, appointing Mr. Ed Rahming and Ms. Cheryl Simms as joint provisional liquidators. All persons with claims against or business interests in the company are urged to contact the liquidators, while investors are advised to retain evidence of their investments to facilitate the reconciliation of registers. The Commission’s regulatory petition to formally wind up the company is scheduled to be heard in the Supreme Court on 11 and 12 March 2024.

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SECURITIES COMMISSION OF THE BAHAMAS PUBLIC NOTICE No. 3 of 2024 21 February 2024 RE: WINDING UP PETITION FOR MDOLLAZ LTD. dba ARAWAKX, AND RELATED MATTERS. This NOTICE is issued by the Securities Commission of The Bahamas (“the Commission”) pursuant to its authority under the Securities Industry Act, 2011. This notice serves to advise that the Supreme Court of the Commonwealth of The Bahamas granted the Commission’s application for the court-supervised provisional liquidation of MDollaz Ltd., dba ArawakX (“the Company”). Accordingly, Mr. Ed Rahming of Intellisys and Ms. Cheryl Simms of Kikivarakis & Co., were appointed as joint provisional liquidators (the “JPLs”). The filed court Order and Ruling may be found on the Commission’s website, through the following links: https://www.scb.gov.bs/wp-content/uploads/2024/02/Order-for-Prov-Liquidation-Filed-14Nov2023.pdf https://www.scb.gov.bs/wp-content/uploads/2023/11/Decision-on-Application-to-Appoint-a￾Provisional-Liquidator.pdf All persons, including clients, investors and creditors having claims against, and/or business interests with, the Company are urged to contact the JPLs via telephone 1-242-327-0399, or visit their website per links: http://www.arawakx-liquidation.com/ http://www.arawakx-liquidation.com/contact.html Individuals who invested in issuances/listings via the Company’s platform should retain evidence of their investment, while the JPLs complete their reconciliation of registers for each individual investment, which were maintained by the Company. Note that the Commission’s regulatory petition to wind up the company is scheduled to be heard in the Supreme Court on 11 and 12 March 2024.