GWD Forestry Investment

Hi
I invested back in 2014 - a jump on when they released additional plots for Canadian Christmas Tree. I was supposed to receive a payment in 2016, 2017 and supposedly one for this year 2018 plus future one for 2019. I have not received one payment so far. Emails sent to them go unanswered and they send out poor excuses. The company did not pay, it is a trusted company partner of theirs and they hope to get it soon etc (however they have insurance for these events but still not triggered). When i email them asking for an update no calls or responses back from the account manager, but they will send emails out asking for interest in new plots that they have or additional investments.

What concerns me is that today i have finally received an email with an update, however it was not as expected as unfortunately, as a result of a death of a Director in the business, (I understand that it is sad and tragic when it happens inside any business - the impact is felt,) but to use that as an excuse for not communicating effectively especially when individuals are waiting 2 - 3 years for a return i think is incredibly crass. Say for a moment you accept what they are saying and the death of the individual has affected them significantly:

1) Did this director pass away recently? If so then prior to his passing why were issues left unresolved/unanswered?

2) Did this director pass away a long time ago? If so why it raises questions on the current management structure competence in replacing them?

3) Furthermore, whilst this has happened has the loss of this director prevented them from taking on new business from new investors?

Again - i understand that the company is affected by this, but to send out an email saying this is why and attempt to hide behind this factor as a reason for poor service i think is incredibly crass given the experiences of some of us with our investments and not receiving any money now for years and no further information.

May 25th is approaching - GDPR kicks in across the EU - at this stage i would advise everyone to make a Subject Access Request to the company for all information held. They are legally obliged to provide this within 30 days. You should be able to requesting information pertaining to your records and what notes and information is held on you and hopefully then we can get some answers.

GWD Forestry Investors Community on Facebook

I have the same problems

Hello everyone,
it seems I am not the only one getting troubles from GWD Forestry. Unfortunately I am in the same situation as yourselves, no payment from the 2017 harvest from the Christmas Tree project - large unit, and good money invested overall. On 21st May did you receive the communication that the Director Gordon Simpson has passed away? GWD puts it forward as the main reason for the delay and the present situation.
I think the situation is pretty bad, we need getting together to make a class action but against whom? I am waiting a reply from my lawyer in Palma de Maillorca.
If anyone interested please reply here or write to s[EMAIL="sergio@carpano.net"]ergio@carpano.net[/EMAIL].