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Tony I can hardly bare to reply to you .What a complete and utter load of Tosh .SJ are now trying to blackmail their customers and you still choose to believe them .Your stupidity astounds me Tony , go for it Tony but leave others out of your silly little plan you will never get your house from these crooks. JA
This message was last edited by julie anne on 10/12/2008.
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Tony
Your last posting has some grounds for credibility at last.
You have listed the points that you seem to have grasped, concerning the way the administration works and the way the company will be treated by that process.
Then you spoil it by going on about what is the best option for people, and trying to prove your point by using the nonsensical outcome you put forward when bangng on about buying your house. It dosnt work, dosnt stack up and unless there are actual facts about the current assets and liabilities of the company, is not an informed decision in any way shape or form. Your advice about carrying on with a purchase is completely reckless advice.
I think most people have realised there is little chance of getting full refunds havnt they?. The way creditors are dealt with in administration is no surprise to me, its obvious....................talking about the way your lawyers can stack up fees.....its laid out how much a lawyer charges for their services and how it works.
Here is one for you Tony.......Do you realise that the administrastors fees are racked up by the hour? Ask yourself who is making money out of this miserable experience as we slag each other off.......I will let you into a secret.
The administrators who you had lunch with are able to take money out of the process Before any other funds are paid out.
I have asked my lawyer and the forum, what date have we got for the closure of this process.............i ask with even more urgency now because, take it from me, there will be little or nothing left if they dont finish soon.
And that would mean, no IWMMB...........and also no IWMH
Put your considerable energy and contacts and lawyer friendships into getting this stage finished and there may be something left of the carcass to pick at....
otherwise.....your just Nero fiddling while Rome burns down.
I keep saying be carefull.......................penny dropping at all?
_______________________
Best wishes, Brian
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briando55, I am with you on this one.
I have raised the question over and over again, to the point of being rubbished by some for repeating, regarding who pays the Administrators, thinking that people would go away and ask the question of their advisors and not just read what you, me or anyone else says, as they just would not believe if we stated the facts regarding such costs.
OK, there may be a problem that some on here do not have any knowledge of the legal and financial procedures when a company is in administration, but at least you think they would try and learn, seeing as they have money tied up in it.
In recent years, a company was in administration and the process was a very long one. First to be paid out were the administrators, then the secured, after which the unsecured creditors.
The company wnet bust, however, it was found that the company could possibly have continued trading, had it not been for the huge cost of the administration.
Sorry to be quoting facts, as I realise many on here don't like such.
The "lunch" with administrators, yes, their hourly fees were probably logged as would have been the expenses. This message was last edited by FriendinNeed on 10/12/2008.
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It is strange that there are people who post on here, like briando and JA, who have experience in such matters or have paid for specialist advice and they are prepared to share their knowledge in an attempt to help others, but it is just thrown back in their face. Whereas the company that has taken money from them and not supplied them with the goods, they put every bit of trust and faith in.
It seems to me when it may be sickness of mind that they wish to lose their money (if that was possible).
At least SJ know that if the miracle happens, there are thirty odd people who will willingly hand over to them more of their hard earned money, on a promise of a house in a couple of years time.
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JA / FIN
One of the things that really annoys me..........is that when we get to the stage we are at now, when a posting has got a response and is getting into the nitty gritty, under the skin......to the facts...............what happens next?
Tony/SARC will get stroppy about the fact that we are getting close to the facts and will either place any other subject he can as a deflection, or ignore the facts until a different subject is raised.
Thats why i seldom post anymore.
These tactics are what the financial experts used to call a snow job, place as many subjects as possible to talk about, in order to cover up the one that really matters. This is to keep alive a forlorn hope that the problems will all go away and we can 'have a beer in the clubhouse later'.................
Thats what will happen next.................the real crux of this subject will never be got at..............and the rogues at SJ and the administration are thinking...luvvly jubbly......
_______________________
Best wishes, Brian
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brianndo, can argue with your comments.
Doesn' really annoy me what the "sect" has to say, I am just sorry for the innocent and ill-informed who may be taking guidance from them, although it is claimed their membership is under 40, there will be a few mis-guided.
The tactics used by the financial world is something that the "sect" will have never experienced, as their postings show.
A couple of things that are certain are that the administrators fees increase day by day, the company directors have time to sort their future and any "pot" dwindles away. Just wonder after all this time are there any assets left which are truly in the ownership of the company and registered in the name of that company?
I suppose that one of the alleged backers for re-financing could be the directors of SJ. They know they can lead the blind.
Anyone checked out ifa any of the SJ directors have become directors of any new companies in the last 12 months, or dormant companies which they may be directors of suddenly come to life?
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Is anyone who is a member of SARC brave /decent enough to let the rest of us know the outcome of the meeting last week or was it the week before as the SARC leaders obviously have not got to grips with how to get the report on the web site . I take it their was no new information just same old SJ stalling purchasers tactics . Anyone brave enough to tell or can we all take it that it was just a load of SJ/Tony talking tosh again. JA
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Real professional outfit that SARC, just can't even get their website updated.
Just as well there wasn't a notice that you only had 7 days to claim your money.
God knows how far behind they are with events in Spain regarding SADM, SJ, and where the hell their money is.
May be worth SARC calling that kid in off the street again (the one they needed help from a couple of weeks ago), to upload the newsletter to the website, although it is such a simple thing to do, they must be able to do it themselves?
They also have a webmaster who is BSc FIOT RCCT so plenty of options open to them.
Looking at the stats counter, not many visitors for such a powerful organisation?
Claiming to represent the majority of purchasers (751+) but only around 2100 visits to the site? This message was last edited by FriendinNeed on 10/12/2008.
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Don't know if I have got things wrong?
How many people are now living at SADM.
Surely SARC can't have it wrong when they state "Since May 2008, we have provided support to our fellow residents and will assist them in achieving their goals.".
If thery are residents, they must be living there. Anyone seen any tents on site?
Another 8 visits and their site will have achieved 2100 visits. That can't be in total when they have 751+ members? This message was last edited by FriendinNeed on 10/12/2008.
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Lifted this from a web page I googled advertising the SARC website . I think all will agree " Tony you're taken that a weeeeee bit too faaaar nooo ! Talk about playing around with the facts " pure dead shockin by the way " taken liberties wi the truth noo man " I can't believe you guys are putting this in the public domain for potential future buyers to see and be misguided by . Shame on you . Get a grip on reality for everyone's sake . Do we need the men in white coats again or the UK litigation lawyers .Why are you playing with the truth Tony there can be no good intention in such deception .
Santa Ana Del Monte Residents Cooperative offers the highest quality of Resident Representation, organised by
Residents for Residents
Since May 2008, we have provided superior service to our fellow residents and will assist them in achieving their goals. Our experience and commitment to excellence have earned us the reputation as the best in the area.
Lets call a spade a spade not Residents but Purchasers who have been let down badly by SJ who have lost lots of money and have no BGs ,no chance of getting money returned and no /very little chance of getting a house .SJ have acted illegally in not issuing BGs is that not worth a mention on you wretched little web site . shame on you .What are your real motives ? Residents is the noun from the verb to reside Tony does anyone actually reside .No .
JA
This message was last edited by julie anne on 10/12/2008.
This message was last edited by julie anne on 10/12/2008.
This message was last edited by julie anne on 10/12/2008.This message was last edited by julie anne on 10/12/2008.
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Yes FIN shocking .Come on Tony I think it is time you played your hand no more bluffing this is not a kids game of poker folk stand to loose big time here . Lets have the truth cut the b** ls**T
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FIN I think they are allowed to sell ,as they are still trading. Might help pay back our deposits if they could shift all the unsold properties on Playa Golf!!! Cheers Joanniemac
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Jullie anal / Fiend in need, Sorry about the typo.
Why would anyone from sarc post the findings from the meeting as you both would just tear them apart and slag the people who are trying to help. I do not think i am a stupid person for wanting my house or my money back.
We all are entitled to our opinions good or bad i read them all and whilst Briando is honest about his fears for other people i think he makes a good argument. On the other hand you two are down right nasty and a pair of bullies. People are not posting because of you so give it a rest and give others a chance. I am not being paid to post this.
SADM R4 528
Adam Storrie.
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So how can they trade whilst in Administration?
When in administration, assets are frozen.
If they were to be allowed to sell, they could not give BGs which is illegal.
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Hi Adam,
Couldnt agree with you more, everytime i log on to this forum all you ever see is FIN & JA going on & on about SARC, i also agree with what you say about Briando whose posts make fair reading, he gets his points over without being personal!!
FIN, it was only a couple of weeks ago you said you were resigning from this forum..... it lasted a day!!!
There are MANY purchasers who decide not to post like Adam said either because they are concerned that they will be shot down or because you two (400 plus posts/250plus) simply monopolize the forum... No it alls!!!
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FIN I believe the Administrators are overseeing the running of the business, but ultimately SJ are still in control. Being illegal to sell properties without BGs hasnt stopped them shafting around 1300 of us at SADM!!! Cheers Joanniemac
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No Adam I am sure you are not being paid but I am also sure you are a friend of Tony and Brian .I have received threats from many of their friends threats of violence to me and my family the lot and so have FIN and others .That may be the reason many don't post anymore but it will not deter me from the truth .I hope you have done all you can to protect yourself there are things you can do even if you don't have a BG .Be sure you have done all that you should even if you think you still want your house .Do not listen to SARC when it comes to leaving ALL your options open if you cant have your house would your second choice be nothing at all I don't think so .Have you taken all action you should have ? my guess is if you have been listening to SARC you have not .Good luck. JA
PS Joannie you are right SJ should not be in control but clearly are they have the admin in thier pocket bribery and corruption spring to mind . Where is the judge he should have his eyes wide open. This message was last edited by julie anne on 10/12/2008.
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Mynesy is a very pleasant chap who has threatened me with violence in the past .He is also a good friend of Tony's .Therefor his opinion is very relevant to all of us in getting a good outcome in all of this for all . JA
Mynesy I ask you the same question as I ask Adam have you done all, you can do to protect yourself ? I would like to see some independant thinking on this forum for once bah ! bah! bah! baaaaah! This message was last edited by julie anne on 10/12/2008.
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