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Residencial Santa Ana del Monte forum threads
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10 Sep 2008 12:00 AM by julie anne Star rating. 1103 forum posts Send private message

Anna has posted an article on her site not good news Im afraid.I guess I am not surprised only confirms what I thought about SJ all along .May come as a blow to SARC leaders though.


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10 Sep 2008 10:33 PM by gjgcooper Star rating. 15 forum posts Send private message

10 Sep 2008 10:51 PM by julie anne Star rating. 1103 forum posts Send private message

dont think I am aloud to post other  sites  on here I will pm you JA




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10 Sep 2008 10:55 PM by alamred Star rating. 242 forum posts Send private message

They are rogues!!!!
Today at 19:51:22
Quote 
Without interpretations and with the data contributed by the San jOse Group in the meetings of shareholders, a critical sector with the direction of the company has demonstrated that the direction “falsified the accounts”, since in the Mercantile Registry totally different numbers appeared. This group of investors has denounced who the balance of approved Inversol and Imperium in the assemblies celebrated from the 2003 anything has to do with which they were justified in the enterprise organism. In this way, the mercantile Imperium in its first year of existence, exhibited its partners who arranged in treasury of six million Euros, whereas in the official balance they only appeared 650,000 Euros.
 
The discordance between balance is reflected in the two companies of the group with greater shareholders, in Imperium exist more than 760 partners with an initial value of about 14 million Euros, in Inversol the investing partners are around 600, but with less capital invested. In any case, the group of investors, independent to the faction who leads the ex- advisor, Francisco Rodriguez, is not created the accounts that the direction administration presented/displayed the last week, reason why besides asking for more information it pleads for a transparency at the time of approving the balance annual.
 
In the case of Imperium, mercantile constituted in the 2005 but that began with its commercial activity in the 2006, the accounts “they do not lie”. The advice presided over by Jose Rodriguez took to the assembly of partners of the past year the results of the 2006. Between the chapters that draw attention more, is the working capital where the treasury number in almost six million Euros. The official accounts of this organization suggest a balance of 650,121 Euros. For this reason, the partners critics denounce that “he cannot have a so great phase angle”, and in addition add that “in a single year it is not possible to be invested or to be spent more than 14 million, this is symptom of a bad management”.
 
As far as the section of indebted Imperium Urbanitas SA he presented/displayed a total of 826,000 Euros. In first term only he had money to Property by IVA. Unreal data because the indebted ones to date of 1 of January of the 2007 had to pay to the branch of San jOse more than six million Euros.  
 
For this critical sector, that supposes around a million Euros of the share capital of the company, it is significant that “in so few years the money has been reduced to realise maneuvers and they have been spent more than 14 million Euros”. In the assembly of the past Thursday the direction presented/displayed a treasury with 200,000 Euros and a total post to indebted by near five million Euros.
 
The documentation enters which has had access the Truth, also are the results of Inversol, another one of the companies with more capital of the real estate group and that has bought diverse lands that at present are paralyzed. The complexity in the accounts of this mercantile one is in which “they have been varied the numbers from chapters to others to make up the operations”, explains Brown Miguel, who defines that “in this company the cost of capital has been realised of form more progressive than in Imperium”.
 
In the first balance of the 2004, when the organization begins with its activity of land transaction and real estate investments, the differences are felt in the first economic measurements.
 
In the period of the 2004 investing partners, who approved the accounts in June of the 2005, they observed the balance with a treasury of 3.4 million Euros whereas the Mercantile Registry received an amount of liquid of 56,000 Euros. The differences also were in the organisms that had money to this society. Public property was indebted by about 73,000 Euros, whereas an amount of indebted was registered officially by more than 3.4 million Euros.
 
The numbers also danced in the period of the 2005, since the assembly of shareholders saw how the treasury of Inversol counted 1.2 million Euros, a total different from which received the Mercantile Registry, where it put like post of working capital in treasury 1.2 million Euros. Indebted the real ones of this period were of 2.5 million Euros, whereas the partners and owners of the company gave the approval to the amount of 73,000 Euros.
 
Really, the numbers that have been exposed in the assemblies of the last years of the companies of San jOse have varied between which the direction proposed and soon it registered. To this competing nucleus him cause still more mistrusts than to the salary been in the offices of the group has not facilitated them information, “still knowing full well that we have all the right to examine them”.
 



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10 Sep 2008 11:00 PM by alamred Star rating. 242 forum posts Send private message

seems what i have been saying all along. you cannot trust sj even to tell truth to courts, as we know they have been syphoning off assets to personal accounts all last year

lieing scum eh

ping your friend "almu" a note now tony

For this critical sector, that supposes around a million Euros of the share capital of the company, it is significant that “in so few years the money has been reduced to realise maneuvers and they have been spent more than 14 million Euros”. In the assembly of the past Thursday the direction presented/displayed a treasury with 200,000 Euros and a total post to indebted by near five million Euros.


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10 Sep 2008 11:14 PM by julie anne Star rating. 1103 forum posts Send private message

Thanks for copying article and posting I couldn't manage to do it , I dont know why I usually can. Does anyone know where it came from I would like to see the Spanish version  ?  JA




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10 Sep 2008 11:43 PM by briando55 Star rating in Yorkshire. 1982 forum posts Send private message

Hey alamred

Carefull if you are calling people liars...it still counts even if you cant spell it mate.......

You could be called to court.......m'lud



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Best wishes, Brian

 



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11 Sep 2008 8:45 AM by alamred Star rating. 242 forum posts Send private message

Briando - well spotted. i always have a nightmare with that word.

Final explicit exposure I feel.


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11 Sep 2008 10:28 AM by martinbrothers Star rating in Worcestershire. 278 forum posts Send private message

It makes me feel sick to know we kept giving them more money over the years to do this with.  Surely the Spanish Laws cant let them get away with it?.  

I hope they rot in jail, have their personal assets seized and pay us all back.

Who wrote the article, can it be totally verified?

sal



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Sal



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11 Sep 2008 10:46 AM by alamred Star rating. 242 forum posts Send private message

SAL NOT SURE ON WW.SANATAANMONDE.NET, keep checking that site


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11 Sep 2008 11:48 AM by garcia Star rating. 22 forum posts Send private message

The article is from la verdad newspaper I read it quite regularly and have always found what they print to be fairly reliable,Looks like it is the end of the road for SJ.


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11 Sep 2008 1:01 PM by briando55 Star rating in Yorkshire. 1982 forum posts Send private message

Have i got the signs wrong or is the biggest problem for SJ (in build and financing terms) the site at Santa anna?

Can it be viewed at present that this is the large part of their downfall?

If that is the case, why are people trying to keep the thing afloat?

I am at a bit of a loss here, help me out......
Brian

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11 Sep 2008 1:11 PM by garcia Star rating. 22 forum posts Send private message

Yes I think  SADM is the biggest problem as they do not own all the land and have a huge amount outstanding for the licenses.Like Sal said in one of her posts I have heard SADM refered to by Lawyers and people dealing with all of this as     " El elephante Blanco " or  " the white elephant " . This said the latest revelations in La Verdad  are hugely significant and comes into the realm of criminal acts of fraud to government taxes etc ,shareholders and buyers alike  and if I know anything about the Spanish judicary they will not go unpunished. I think all things considered this will most likely spell the end for SJ as I have known for some time.


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11 Sep 2008 1:45 PM by alamred Star rating. 242 forum posts Send private message

Garcia in the UK under the Insolvency Act (1985 - I think) the then UK government enhanced the act and effectively removed limited liability. Limited liability previously effectively meant UK directors (often ex MP's) ran companies to the wall through bad practice and walked away from massive debts and sheltered around the limited liability of their share stake in the business which was often negligible.

The enhancement to that Act allowed the UK whether it be HRMC or Customs and Excise, or vat man or more importantly creditors that if it could be priven the Directors where negligent in their duties there personal assets where no longer covered by Ltd liability.

What is situation in Spain if directors (in any field) are found to be deliberately in default, negligent in their duties, using company assets for personal gain etc, are the Courts in Spain able to seize personal assets on those terms for creditors?

Cheers


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11 Sep 2008 2:13 PM by garcia Star rating. 22 forum posts Send private message

Not exactly sure what  the case will be  I think it depends on the set up of the company ie involvement  of the umberella company what has gone on  and whether the movement of  funds  can be tracked . The  company has been  moving  money around over the last year I doubt very much whether any thing that has been  hidden away to private accounts  can  be tracked or  is still in the Spanish banking system .Mauritius has been mentioned lots in connection with the Directer /President there is no extradition treaty between Spain and Mauritius.I think the Presidents wife moved there at the start of all of this .Who knows what will happen buy outs perhaps but I dont see any chance of refinancing or builds continuing under SJ .In my opinion this is no longer possible .the judge will have no option but to wind up the company.What the fiancial details of that will be  but it would seem anything recovered would go to pay taxes which the government have not been paid becuase of fraud .I have known for a long time things were very bad for SJ but there was no point discussing on here because there were people who refused to believe it . They know who the are I hope the are sorry for forcing false hope on others.


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11 Sep 2008 3:12 PM by alamred Star rating. 242 forum posts Send private message

Would Santa.Ana del Monte.Resident Co Op SARCO  like to comment on getting up "a garden path", or are you still actually believing SJ lies and smokescreen?


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11 Sep 2008 3:24 PM by briando55 Star rating in Yorkshire. 1982 forum posts Send private message

Can we have an e mail pinged off to almudena to solve this new riddle please?



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Best wishes, Brian

 



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11 Sep 2008 3:26 PM by alamred Star rating. 242 forum posts Send private message

cant happen she is on a plane to mauritius with a large suitcase and safety deposit key


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11 Sep 2008 7:37 PM by nobby sol Star rating. 18 forum posts Send private message

can someone please tell me what the outcome is to be and are we going to get our money back i have alot of money tied up which i can,t afford to loose and when will we know the outcome of the court case


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11 Sep 2008 7:55 PM by julie anne Star rating. 1103 forum posts Send private message

Judge will make his decision September/October That's as accurate as we know .Money back without a BG who knows when and how much if any . With a BG slightly better chance but once again who knows.How valid are BGs when the companies concerned have lied to the banks and are guilty of  fraudulent behaviour .I don't know .The judge should call in all companies connected to sj and get to the bottom of where the money has gone before anything else can disappear


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