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This forum is starting to remind me of an episode of twin peaks
Read a bit more of what you are saying. the judge hears about the situation very shortly and san jose are still in negotiation..... ie NOTHING has been agreed.
Its like saying you were one away from the raffle ticket number...It doesnt matter you still dont win a prize if you are negotiating with 500 companies. This could just mean trying to get business and having dialogue on a minimum level.
pile of tosh
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Garcia and Joannie......you are missing probably the most important point thats come on here in months
The sarc guys are saying that San Jose are still selling houses on a site in Spain, and that is printed on here.
That is illegal, stuff the other stuff, its daft but it keeps them happy.
If they are selling houses in Spain, as Tony states..........................thats illegal, who is paying for them and how are they coming up with contracts......etc.
Why wont Tony put the name up here, my guess is the man is trying to make his members feel he knows whats going on, but he is printing unsupported garbage..........................again
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Best wishes, Brian
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Nobody doubts that they are "factual reports of what has been said", what is in doubt is, is what has been said fact?
I am sure you will realise there is a huge difference.
A salesman can tell you they have sold 500 units on a development, which you can report on. Your report may be fact, but is the claim factual. Simple isn't it?
It is called spin. As the former PM of UK.
Tell people what they want to hear, but avoid telling what they should be told.
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It is indeed a form of spin FIN, you are right.
The problem is that spin doctors are usually clever people, who can support their statements, loosely but nevertheless support them.
What Tony and Brian have published, in the press and on here, is that San Jose are selling properties in Spain.
San Jose have gone to the court to seek protection from creditors, SARC managers are telling us they are making more creditors now.
Does everyone understand the point, please do. San Jose have got protection from creditors, Tony publishes they are selling properties, therefore collecting more creditors.
That my friends, is illegal. If the managers of SARC have correct information they should be directing this information to the courts and the administrators.
If they are correctg with the information and do not declare this to the proper authorities, i urge everyone to discuss this with their solicitors.........because its illegal and they are making chumps of everyone.
If the source of this information isnt on here by tomorrow, and Tony has gone very quiet on the subject, then i will definately be in touch with my soilicitor.
Brian
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Best wishes, Brian
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As it would appear that information regarding the administrative period is being leaked (i.e. funding from banks, negotiations with constructors), some simple questions which perhaps if the mole can obtain the information, would be interesting.
1. What is now the total and audited asset value.
2. What is the true and audited debt.
Irrespective what funders are being talked of, what constructors are being talked to.
Let us assume that the debts are 4m and the assets are 1m and that a prime site or development is sold on for sat 2m. What is good is that to anyone.
Most importantly, you need to know the bottom line of debts against assets and what the prime creditors would agree to. The unsecured creditiors (purchasers) at best would be left with crumbs.
Finally, there is a miracle. The development is allowed to proceed, secured creditors wipe off the debts (why on earth would they do that?), but it is a miracle. The developer holds the price for 3 years on materials (forget the labour and energy costs). Hands up.
How many will risk more money on a mis-managed company?????
Hand on heart, will you recommend to a friend?
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I have an issue with the following statement now Brian.
Dear All,
SARC is still working towards a positive outcome and for those who want their houses to be able to have them. We are pleased to have recieved a copy of the letter posted below, that indicates that SADM will be going ahead. It also shows that the SARC request for compensation for purchasers has been taken on board by HdT .
Hi Brian...the above posting was further down the strand, from Tony.
Correct me if i am wrong but when Tony speaks with the context of 'we', i am understanding this as a partnership through association of the site SARC, which includes yourself as co-manager.
Are you dis-associating yourself from the comments Tony has made on behalf of SARC?
If so i accept your dis-association and the implications that the information Tony has printed is entirely his own decision. Is that now the case?
Brian
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Best wishes, Brian
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FIN....please forget that stuff for now, interesting as it may be.
Can we focus on the question in hand please......are San Jose flogging properties or not.
Lets at least get back to straightforward information being answered honestly, for all our benefits
Is the information Tony prints correct???? who is the agent......simple question deserving of a simple answer
Brian
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Best wishes, Brian
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Brian, if it helps, I will certainly step aside with my line of questions, but fear that yours nor mine would get the replies wee seek.
In case the eyesight isn't too good:
Are are San Jose still offering to sell people properties or not.
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Hi all There are many websites still offering SJ properties for sale on many different developments I thought everyone was aware of this .It is one of the things that has annoyed me for many months and is just another example of the dishonesty and blatant cheek of this company.In-fact if you look at their own website all looks to be well , business as usual unless you know where to look. I haven't looked for a few weeks but this was this was the case last time last time I looked . It would seem SARC are pleased about this and see it as a positive .JA
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Tonymal
Frst of all you post the information as if it is information gathered by SARC from SJ and the administration then when asked to clarify you say it was a letter which was forwarded to you by someone else therefor can not reveal the source .Come on what is it to be it cant be both or are SARC twisting things once again to make it look like they are affected the process.Please give us peace. You are becoming as shoddy as your partners SJ .In the end the truth will out and you guys will look even more silly than you do know.
Can I also ask if both Tonymal and Brianmags are spokepersons for SARC on this forum if so may I suggest that from now on there is only one spokes person for SARC .I suggest this as you constantly contradict each other which makes SARC look silly and confuses and clouds a lot of the issues .
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JA the letter was from a member and that is all at no time did we say it was a SARC report
and at no time have Tony or I stated that they are selling at this time
brianmags
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I wasnt going to post at all but as yet another little hope has been dashed by this hideous Company. Here's a FACT in writing from my solicitor (acting on behalf of more than a few SADM purchasers simply trying to protect their investment/deposit) ... the Administrator's cant even complete or honor existing Contrracts written by San Jose post VA.to transfer money onto BUILT,COMPLETED, KEY READY PROPERTY ON PLAYA GOLF! They CANT sell because they CANT even pay the difference to the Bank on what they owe despite us paying more for the property than they are worth in the current market.
Tell me how these people can ever be trusted in either written or verbal word? Im sorry to say SARC members that any information/reports/notes whatever you wish to call them in my opinion simply cant be true any more. How can they possibly make statements to Creditors (as that is what we all are - everyone of us - that has any credence whatsoever. They can say what they want, wish what they will, but it just isnt happening. If they cant sell me another property on a completed project what do you take from that? I would be more than happy to PM my email from a very good proactive Lawyer who has been negotiating since May when this farce began. Simply put ... nothing they say is worth one grain of salt.. again. I flew out in May, chose an alternative property, negotiated a price, Pilar sat and typed the Contract in front of us in May (the day after they went into VA), it was approved in July by the Administrators in writing and now they cant even do that because they cant afford to pay off the difference in mortgage to their Bank. That shows me what a dire mess this Company is in. They offered no hope, no please wait because we have potential investors bear with us. Nothing. They simply have no money at all. So that letter saying that they are selling properties on Playa Golf is rubbish. They can go through all the motions but they cant complete at this time.
These potential 'investors'.. would they really agree to the purchase prices of some 4/5 years ago in these new Contracts they have told you they are going to produce, on an investment of some 30 mil? Do you really believe they will be offered at the original price PLUS compensation or OK nice investors, thanks for being patient, you can now have your Deposit back because we have funds again.. ..
If they cant AFFORD to sell what's already built because they have no funds to pay the Bank, why arent they saying that to my Lawyer.. 'please ask your client to wait a little while, its only a few weeks away and we'll have millions in the Bank again, then we can afford to transfer her money onto a house we NEED to sell and pay the Bank the difference'.. But they know they are going under big time that;s why they cant even offer a genuine Client, with funds to complete, anything at all.. not even hope when pushed and its about to happen!
Just how many times do they have to prove to clients they are not even worth negotiating with. Their word means less than air. Im now going to spend what;s left on Court fees rather than furniture..
Guys you have to back up anything these people say to you or just dont say it., Too many of us have heard it, even seen it in writing! Then Zippo.. just hot air and another 3 months of dreaming and hoping to escape this nightmare.
Sorry if ive repeated myself but i have tried desperately to keep some hope alive and im pretty hacked off today. The final quote from my Lawyer - 'we are now privately suing San Jose on your behalf to demand your money back'. Here we go....and good luck to anyone who listens to these people, im not going to beat myself up over this decision to buy through them, just hope we all get justice in the long run.
Sal
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Sal
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Hi Briando,
I have posted a letter that I was sent a copy of by a purchaser and has allready been mentionedand posted by Jon G.
I stated that you had slighted my character and you have not rettracted your comment. i will speaking to my solicitor today regardingn taking action for deformation of character.
As for the snipping and slagging off by the little gaggle of selfish individuals I find it extremely sad that you think that your aggressive cyber bullying and derogatory remarks made to other purchasers are aceptable. I can assure you that they are not and just emphasise how you can not accept that there are a lot of people who want there properties.
If any of you have any information on SADM please post it but stop attacking any one esle who posts information that they share with all.
SAl,
i do not include you in that, i can tottaly sympathise with how frustrating your position is.
I want my House
Tony R17 18
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Sal, thanks for your informative post. I am really sorry for what you have gone through, you have had an even more rocky ride than some of us, having your hopes raised with the promise of a transfer and now they cant even do that!! It looks like we can all kiss good bye to our money! We have all been given false hope since May, now it looks like its the end of the road for SJ, how can they possibly continue to trade under these circumstances if they cant complete on a key ready property. I might add that the letter from Ward & Co stating that El Pinet was going ahead in October is just another false hope. I`m going over next week ,I may spend my holiday camped in their office demanded my deposit back. Keep your chin up Sal, hope your lawyer gets you your deposit back. Cheers Joanniemac
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Regarding your conversation with your solicitor over the alleged deformation of character, it would be really interesting to hear of the professional advice he gives, in the age of technology and postings on a forum such as this.
I believe I am a stright talking and honest guy. If somebody on here was to call me a liar, could I take action for deformation of character?
How, who to and where to could my lawyer issue charges?
What if 20 others on here were also to call me a liar, and further investigations found that thousands of others did. Could it be that it would not be deformation of character, as it is not one person only that has the opinion?
Nothing to to with SADM so perhaps we could have an honest, factual report.
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Hi Sal and thanks for your post. Am I missing something here. My Gran used to say you cant get blood out of a stone. So how does any lawyer sue for your money back when there isnt any. He will no doubt take more fees from you but unless you have a BG or, are in some way made a priviliged creditor, how do you get money back that they dont have. After the Government, the Banks will take any monies obtained through sale of assets because the debt to the banks must be huge.
I, at one time, worked for Shami Ahmed who, amongst other things, used to buy ongoing business from companies going bust but not the debt. The money he paid to the seller for the ongoing business, for the most part, paid off the due taxes and bank loans. This admittedly is Spain not the UK but I cant see it being any different in the long run.
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Linda Needham
La Alberquilla
Jumilla, Murcia
R4 308 For Rental
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