D
Dotty
Banned
The so called beautiful Grand Natal Golf goes bust.All comments and suggestions welcome.
The so called beautiful Grand Natal Golf goes bust.All comments and suggestions welcome.
So let me get this straight, you are claiming that everyone has lost their money on Grand Natal Golf, yet you don't even know the name of the company behind the project!!How long (GNG)had they been in Natal as they are not a company I have heard of before.
So let me get this straight, you are claiming that everyone has lost their money on Grand Natal Golf, yet you don't even know the name of the company behind the project!!
BRA was a Brazilian airline not a Spanish promoter/developer.One has to wait and see just like everybody is still waiting for their money lost when BRA went under .What Brasilian company was behind the project
as Grupo Sanchez are infact Spanish and not Brasilian?
Dotty,Oh ,so everybody should receive their paid money from Spain is that right ?so great news!
Dotty,
I don't mean to be rude, but for a so called "experienced property investor" you do seem to know remarkably little about what you are talking about.
Rob,I am an old investor who has invested over many years.I have never invested in recent property scams within the past 5 years or earlier.So I would not have experience in buying from overseas developers or promoters that have recently been hit in R.G N.Sorry to repeat myself with this,but maybe this will clarify some points.Also,when people put a deposit or large sums of money on pre launches I would be right in saying that if a company/companies go down it would OFTEN be difficult to retreive your money.From what I have read online their are many people that have lost 1,000ssss.That is common sense.You do not need to be a market genius to work that out!So no you were not being rude.
Suggest you read all the thread before making sweeping statements. GNG is still alive I am told.Were people or did people have any protection on their investments and money?
Bankrupt or not, some body ate well. Somebody took all the money, and some one is driving around in a nice Lambo, or Ferrari. Be sure some one has done very well out of it. Bankrupt or not.
What about the average investor, or mug, what redress do they get.
The truth is if none, then they were mugged and hoodwinked for their money. If not then good, they deserve to get their money back. In spain the companies have to be regulated so this does not happen.
But you need a good lawyer to check this out.
Not good for reputation of Brazil this and the diseases they have in Rio right now.
Suggest you read all the thread before making sweeping statements. GNG is still alive I am told.
I believe that the bank guarantee cannot be invoked if GNG get the licences approved before one year from the reservation date. It looks like they may get these now, so will be entitled to issue the purchase contract. If people do not proceed then I guess they will lose their reservation deposit. I suggest buyers contact GS or the agent they bought through for more info, or read thie reservation contract carefully.
I wonder why people are saying it is bank rupt, if it is not.
Does not seem logical. We are not intimate with the development. But from an investors point of view.
I would like to see.
Each have security on their investment. (like they get in some countries with the laws of that countries)
To have transparancy.
It is morally irresponsible and incorrect if all the pigs are in the trough eating the clients money and the client is standing naked holding the cheque. That is not right. But as said before
1. I am not intimate with this development
2. What securities do clients have?
3. Morally if agents and promoters have taken the money and lived good, then it is morally irresponsible.
4. If it is still alive and everyone is happy then why would people write the oppersite.
5. Investors need to know exactly pre handing over their money if they are protected or not.
Nothing like a big one, with all the smiling faces of big stars looking like another one to damage the confidence of investors.
Who has taken all the money? That is my question. Who has all the deposits etc?
Some one has.
But if it is still functioning and everyone is still on track then why would some one write the oppersite. I dont know, what redress do people have if it has gone tits up. Will the agents give back the commission if they have taken it. (minimum).
Does not help investor confidence for sure.