FIN
1. Because their circumstances have changed.
2. Because the exchange rate and interest rates on the loans no longer make it a viable proposition.
3. Because they think SJ & Herrada del Tollo still have the money to pay them back.
4. Because they think the banks have the money to pay them now but maybe not in the future and they dont want to risk it.
5. Because they have other investments that have not borne fruit as expected.
6. Because they are older and cannot afford to wait.
7. Because they are younger have no patience and want everything now.
8. Because they are scared.
9. Because the solicitor tells them it is the right thing to do.
10. Pride comes before a fall.
Any number of reasons that I will probably think of later. Tens years is too long to wait if you are reaching or have retired. Ten years is a long time if you are younger and trying to achieve financial status. Ten years is too long to wait for the holidays you want every year for your family.
and for those who do not have a Bank Guarantee and want their contract cancelled. Do they realise, that at this juncture, they are cutting of any options they may have in the future to negotiate and will probably still remain on the creditors list.
Does anybody really believe the money is there for the asking.
We would all like that crystal ball.
You say what happens in regard to the water in the future. I do not know. What I do know is that the water resources are managed very well here. I know I paid 43 pounds a month for it in Middlesex. Here I pay peanuts. Supply and demand. I know that it is sold here in tankers for 7 Euros a cubic metre to fill pools, large profit and room to manouvre ( future business opportunity for someone). I know it is bought in, if not available locally. I know that areas not too far from here run profitable businesses on hot spring water, for example, Fortuna. I would not have the audacity to offer someone an opinion on issues and concerns/situations in, Manchester for instance, or anywhere else for that matter, I dont live there.
Nothing stands still and everything changes constantly in this life . Life experience goes a long way sometimes and 10 years can be a long time or a short time depends.
Regarding the 'Penny Dropping' it really is not that easy. It is a very complicated situation. Everyones situation is different and those with BG's have the best chance of getting their money back and that is a fact, depending on which bank this is with. Others are fishing in the dark and have not yet made up their minds what they will do, they are no clearer on what they should do in order to get their money back, or if they will get anything at all or who to believe, or how much more money to throw at this whole issue. The whole process is bewildering and confusing to say the least. The Penny Dropping does not make it easier to make the decisions one needs to make.
and for the record. I want my money back and regardless and inspite of everything that has been said on here over the past 6 months, listening to lawyers views, etc., etc., my views are the same as they where then. In my sitation, and I will say that again, In my sitation, the best way to achieve that goal is for the project to go ahead and also for the record, In my situation, if it does not go ahead I will write the loss off because I do not believe that, given the current market conditions (as you quote quite often) there will be enough money, from assets sold, to pay back much more than the lawyers fees.
Can you give me any facts that will change my opinion.