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So in summary you bought two properties and cancelled on both of them. You received your funds back on one already and are waiting on one more. Could I ask what it says in the contract you signed regarding reinbursement and how far behind is your second cheque according to the agreement that these people agreed to honour?
I personally wish you all the best in finding a property that you like.
davidmurray – (I knew I was right about this mentioning the poster’s username – it clearly is a trend now!) Now onto ken Starr; where to start? Well, as most of the readers know he investigated Billy boy for his intern-al affairs in the oral office and not his adventures into real estate development, which by the way, someone (one of his good friends) went to jail for rather than tell what he knew…ahh politicians don’t you love em?
I have to ask, it sounds like you vote for his party, am I right?…not that it matters to me it’s just that somehow they manage to fool most of the people most of the time. Also let’s not forget the Presidential pardon he gave to another convicted criminal friend of his on his last day in office to get him released from jail..only in America folks!! Yet today he struts around the world stage as if he has something to offer the people of the world. Perhaps he does, and if he does I suggest it would be a message that if you have the right friends you can get away with anything.
As regards the Starr report I cannot say much about it since really it didn’t bother me then and it doesn’t now either. I mean, he had a fling with his secretary; if we were to apply the same standard to every executive in this country they would all be under investigation! (for those who don’t know they have motels here that are not (generally speaking) used by business travellers overnight!! No, the prime time for these establishments is lunchtime – if I told you the rooms are booked by the hour you probably get the picture!
Oh, there is one thing I recall, he (Clinton) ordered a bombing raid onto some terrorist bomb making plant in Syria or some such place right around the time when the Starr report was being released. He must have been using the same intelligence reports as George Bush since it turned out that it the factory belonged not to a terrorist but a regular family having a wedding at the location that day. The family was massacred but hell, it distracted the papers for a few days and he probably sent a Presidential pardon to the surviving members of the family forgiving them for tricking his staff into thinking they were terrorists when they weren’t!!
Thanks for sharing though davidmurray (not sure if I’m following etiquette in using the poster’s name at the end as well) – perhaps someone from the “forum” etiquette police could advise.
More speculation..”appears not be any near completion”. Rather than speculate about things that it would appear no one really knows the answers to, I suggest that we go with what we know.
What do we know? Answers please..don’t all rush at once…
..and when you say completed, exactly what do you mean? The project is not yet fully sold and therefore they haven’t completed the Master Plan? or do you mean that the project is fully sold and they are behind on infrastructure? We can all throw mud but let’s be sure of why we are throwing it…
Finally, a good idea – I agree bradbard,(sorry to copy the idea of using the name of the person posting but since you and Scott are doing it I would hate to miss out on what is either a trend or something that one is supposed to do – God forbid that I would be unfashionable!) why don’t you get Scott to do that.
Regarding web site content, correct me if I am wrong but Mapache Group have an extensive site detailing the progress of many of the numerous projects; this is of course of little help to those who have invested in the ones without permits!
I find it a little odd that you are so angry at someone who wants to find out the facts; I need them to form an opinion, you apparently do not. Do you possess some special skill that the rest of us lack?
As regards your statement that I am working for Paragon you have clearly missed the point. I refuse to go along with the lynch mob, but having said this, without the herd mentality how else is a contrarian to make any money? For without them how would Wall St have fleeced their client’s with dotcoms back in 2000?! I suggest you consider removing this part of your post… (where are the moderators when you need them?!)
Suggested reading; Popular delusions and the madness of crowds
and finally…regarding “legitimate concerns”; these were expressed over White Water (1980’s real estate sc…scheme, I mean! operated by the Clintons where investors lost everything) and yet Bill was elected and his wife is about to follow in his footsteps. I wonder how many people going along with the comments about certain developers have voted and will vote again for the Clintons? Ahh…the contradictions of life!!
For the record I have no particular political affliation and believe that as in all things in life the 80/20 rule applies…80% of them are useless parasites.
I am a libertarian; the less the government intefere’s in our lives the more wealthy we will all be.
And that’s the game!!
Edited on Jul 18, 2007 11:06
Edited on Jul 18, 2007 12:22
Edited on Jul 18, 2007 12:26
Edited on Jul 18, 2007 21:21
Another well informed comment!!
Which developments are you referring to?
Please give some examples of incomplete infrastructure….I have one for you…..WhiteWater…ask Bill and Hilary about their development credentials!!!Standards are dropping everywhere in the world…behaviour, dress, the spoken (and written) word, and now with the internet we have the quality of information to add to the list!!
I for one welcome your feedback; the fact that you have followed up and provided the info for others to read and learn from is a breath of fresh air…
I look forward to your follow up Frank and in the meantime I would still be interested to know if they have completed any of the infrastructure since you invested two and a half years ago…
Isn’t it possible that you bought an “agricultural plot” and that now they have a Master Plan they are “moving you” to conform with the plan? Is it also possible that they informed you that this might happen in advance? I’m curious to know if this is the case or whether they are up to something else.
In the 2.5 years since you invested have they completed any infrastructure?
Edited on Jul 10, 2007 11:48
it would be very enlightening for everyone if you could follow up once you know the status of your investment.
Facio Canas, or one of their independent consultants will get you what you need. Not cheap but you will likely get results.
I would advise you not to panic until you know what you are dealing with. I would love to hear more about your investment first;
1. Do you have, or are you supposed to get title?
2. Have you visited the property?
3. Did you pay directly to WLI or to an escrow account?If you could provide as much detail as possible it would really help everyone in this forum know more about this company.
I disagree with what is an overly simplistic take on events. Either these people were always going to take peoples money and run or they were always going to develop properly. In posting Government registrations and the like on their site they made available information they either already had or were in the process of getting; this site did not change their modus operandi, only their website content.
If it were my project i would do exactly the same; provide as many links to verifiable sources as possible; if you have nothing to hide then why not.
To avoid any misunderstanding I agree that any reporting of suspicious practices is generally speaking, useful, provided all companies are treated the same way. The reports on Grupo Mapache were factual, verfiable and very concerning if permits were not applied for; clearly investors need to be informed and the local press and WLCR did a very good job of doing so.
Edited on Jun 19, 2007 14:32
