los pandos vineyard

Froggitt

@truthbetold..........got a great *opportunity* for you if you want to diversify your property portfolio.

http://www.thisismoney.co.uk/money/investing/article-3038927/Would-invest-forest-Pensioners-promised-returns-20-eco-village-Norway.html

20% returns per annum. Its "secure" and "asset-backed".

Progress is pretty good as well

An architecture firm that initially drew up plans for the site says it stopped work on the project before last Christmas. And a local newspaper reports that the development has been postponed.

Great management team as well

They say that his bankrupt status is irrelevant to the Convent in the Hills opportunity

Gadfium

It's a bit of a howler that there isn't even a valid website for this [STRIKE]scam[/STRIKE] investment. And still TBT insists on ramping it :wall:

truth_be_told

• The Company has already admitted that it had encountered an unexpected cash-flow problem which prevented it from meeting its contractual obligations to some of its investors as a result of major changes in the UK financial legislation in 2013 that had a direct impact on the funding required to complete the planning process.

• If Mr Glamdring et al only took the time to read the bi-monthly updates in depth, they would note that the Company has provided its investors with the exact dates and registration numbers of the various documents and files in its possession which substantiate the progress that Mr Glamdring and friends say doesn´t exist. As the veracity of these documents may be easily verified, the Company would have to be completely stupid to publish details of these references without the supporting evidence.

• I should like to add here that, as an independent investor, “not Eduardo, Mike or any other kind of representative of the Company”, I have had the opportunity to see (along with some other investors who were present with me) these documents backing these references referred to in the various updates, including the one relating to the contractual relationship with Deloitte that Mr Glamdring has stated doesn’t exist after his “deep investigations”.

• When faced with the simpler option to put the Company into voluntary liquidation, in which case it could have taken many years before investors saw any return on their investment, Eduardo Martin strove bravely to keep the Company afloat against all the odds. Without his tenacity in the face of adversity, the Project would not have achieved and therefore benefited from the level of planning that it now enjoys.

• Thanks to Mr Martin’s leadership and guidance he has now not only been able to guarantee the complete security of all of the investors’ monies, as demonstrated by the independent market valuations on the Company’s assets undertaken in July 2014, but he has now the choice of a number of exit strategies which will generate sufficient profit to repay everyone, with interest, within a very short period of time.

• These are the facts presented above. Every Company faces issues to do with internal politics at some point or other, especially when it faces financial hardship, but regardless of the rights or wrongs of these side-shows, what matters most to EVERYONE (former employees included) has to be a SUCCESSFUL outcome to the project.

• There appears to be a small group of individuals on this blog, who are not investors but have clearly passed a guilty verdict on the Company without any basis or foundation, in much the same way as innocent folk were tried and sentenced to torture and death during the Middle Ages. It doesn´t makes sense to continue moving in circles in which the “inquisitors” continue playing a game of Judge and Jury.

• As anyone who has encountered severe turbulence during a flight, what matters most of all is that the pilots keep their nerve and ensure that the plane lands safely, with all of its occupants unharmed, even it means having to negotiate a change of course to avoid bad weather in its path. Do you think that by shouting, screaming and banging on the cockpit door you would have a better chance of achieving a safe landing? No, of course not.

truth_be_told

Froggitt wrote: »

@truthbetold..........got a great *opportunity* for you if you want to diversify your property portfolio.

http://www.thisismoney.co.uk/money/investing/article-3038927/Would-invest-forest-Pensioners-promised-returns-20-eco-village-Norway.html

20% returns per annum. Its "secure" and "asset-backed".

Progress is pretty good as well

An architecture firm that initially drew up plans for the site says it stopped work on the project before last Christmas. And a local newspaper reports that the development has been postponed.

Great management team as well

They say that his bankrupt status is irrelevant to the Convent in the Hills opportunity

well, I don't profess to know anything about this opportunity but, no doubt, it will provide you with the opportunity to open a new forum in which you may, of course, give everyone the benefit of your immense wisdom, considering that you are obviously something of a guru who has a fountain of knowledge on every single investment in the marketplace today!!

masonic

truth_be_told wrote: »

As anyone who has encountered severe turbulence during a flight, what matters most of all is that the pilots keep their nerve and ensure that the plane lands safely, with all of its occupants unharmed, even it means having to negotiate a change of course to avoid bad weather in its path. Do you think that by shouting, screaming and banging on the cockpit door you would have a better chance of achieving a safe landing? No, of course not.

The difference here is that, unlike when you are in a plane mid-flight, such as in one of the 24 fatal plane crashes since January 2014, people are not completely powerless to extricate themselves from the situation here. Sure enough, in this analogy, 'Los Pandos Airlines' is completely unregulated, and in the aviation industry would likely be breaking the law by even taking off, especially since the pilot appears to be unlicensed and has probably imbibed a few to many glasses of vino to have a hope of bringing the plane down safely. However, this is not a flight and people can intervene through legal process should they deem it necessary. If this "company" is legit, then they would have nothing to fear from such action, yet you seem intent, desperate in fact, to persuade them to stop what they are doing. Why is that?

cloud_dog

truth_be_told wrote: »

* The Company has already admitted that it had encountered an unexpected cash-flow problem which prevented it from meeting its contractual obligations to some of its investors...

Anyone want to guess at the most prevalent cause of a company going in to administration?

truth_be_told wrote: »

... as a result of major changes in the UK financial legislation in 2013 that had a direct impact on the funding required to complete the planning process.

Any chance you could point me in the direction of the "UK financial legislation in 2013" that impacted a scheme which is not UK financially regulated and adversely affected the planning process?

Although TbT does raise a useful point for people to bear in mind... If you plan to extend your home please remember to check in with the FCA, to be safe possibly even the PRA.

Crystal78

I lost 50K with International Commercial Investment, absolute scumbags.

I invested into the Convent with Innovo, so far so good.. returns are paid a little late sometimes but no complaints. I wouldn't invest into the Norwegian project though.. the plans haven't even been confirmed.. the project relies heavily on speculation and i foresee it going belly up!

TCA

truth_be_told wrote: »

• The Company has already admitted that it had encountered an unexpected cash-flow problem which prevented it from meeting its contractual obligations to some of its investors as a result of major changes in the UK financial legislation in 2013 that had a direct impact on the funding required to complete the planning process.

• When faced with the simpler option to put the Company into voluntary liquidation, in which case it could have taken many years before investors saw any return on their investment, Eduardo Martin strove bravely to keep the Company afloat against all the odds. Without his tenacity in the face of adversity, the Project would not have achieved and therefore benefited from the level of planning that it now enjoys.

• Thanks to Mr Martin’s leadership and guidance he has now not only been able to guarantee the complete security of all of the investors’ monies, as demonstrated by the independent market valuations on the Company’s assets undertaken in July 2014, but he has now the choice of a number of exit strategies which will generate sufficient profit to repay everyone, with interest, within a very short period of time

You should try reading your own posts. Painting Snr Martin as some kind of hero is just ridiculous. No new business should have "unexpected cash-flow problems" before it has even properly started!

glamdring

I can assure everybody on this forum that the bi monthly updates are not in fact bi monthly updates..so lets clear that up lol...i can also ensure everybody that the contents of the updates are nothing but unsubstantiated phrases...anything that I have thought may contain factual details I have endeavoured to substantiate with no success. My return was due in Feb 2014...then it was mid 2014...then it was Nov 2014...then it was mid 2015....this company and others have used severe flaws and loopholes in the uk sipp sector to get their hands on peoples pension pots...i agree the investor i.e. me should take some responsibility for doing the correct due diligence..however like many other people in this investment and others of its type the sipp provider bears some responsibility for taking business from these unregulated indivduals/companies..these are regulated sipp providers who have thought it prudent to take business from these companies..charge the investor a huge sum in fees..but take no responsibility..they yhave stretched the guidelines set out by the regulator to its extreme in order to try and demonstarte that they have no responsibility for anything...m&c tried to tell investors that the late return of funds was due to the FCA changing regulation...no...what the FCA have done is hammer down on the negligence of UK sipp providers thereby making it impossible for them to continue taking these shoddy UCIS investments...the FCA are not too blame...m&c are too lbame for taking people investment money for years and years without even having planning permission...the SIPP provider i was using told me that they performed due diligence on not only the introducer but also the investment...whatever they may have done was an utter waste of time and i fail to see how they did any form of due diligence

truth_be_told

I have to disagree with Glamdring's latest comment regarding the 'unsubstantiated facts' in the bi-monthly updates because they are easily substantiated. I have managed to do it, as have others, so it is not impossible, especially if you look in the right directions.


And the whole point of the fundraising exercise which involved investors' contributions was to provide the financial means that enabled the Company to fund the planning process which was always going to take 7-8 years to complete. The Company has, in effect, had to borrow money to fund its employees, architects, administrators,designers, legal and financial teams. Back in 2007 the banks had no appetite to lend to any business on the back of the credit crunch so the only way forward for the Company was to raise funds from private equity which is perfectly legitimate. This information was clearly provided in the original literature.


You have waited this long for the return of your investment so why not wait a few more months to determine if the Company returns your money in the timescales indicated in its updates. You have nothing to lose by being patient but everything to gain.