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  • FIRST POST
    • jammyjoe
    • By jammyjoe 27th Jun 17, 6:13 PM
    • 6Posts
    • 2Thanks
    jammyjoe
    GWD Forestry Investment
    • #1
    • 27th Jun 17, 6:13 PM
    GWD Forestry Investment 27th Jun 17 at 6:13 PM
    Iím invested with a company called GWD forestry since Aug 2015. I have Christmas trees and Annatto Seed changed from a Coconut investment in brazil gone south. The reason why Iíve generated this thread is because Iím due a payment from GWD owed to me for a coconut payment due for 2016. I have since discovered that others are due the same payments for 2015. A group Iím with, have been in discussions with GWD since Feb this year and as such GWD have stopped discussions with my group and I feel I need to go a different direction.
    Would be interested with others to discuss their experience with this topic.
Page 6
    • rabarbaro
    • By rabarbaro 21st May 18, 3:43 PM
    • 3 Posts
    • 0 Thanks
    rabarbaro
    same situation for me. I've invested 2.000, first tranche of payment epected in 2017... nothing at all up to now. Is it possible to do something ?
    • rabarbaro
    • By rabarbaro 21st May 18, 3:44 PM
    • 3 Posts
    • 0 Thanks
    rabarbaro
    no news ?
    hallo, have you had news ? thank you
    • alibaba88
    • By alibaba88 21st May 18, 4:32 PM
    • 1 Posts
    • 0 Thanks
    alibaba88
    Emails Unanswered and Poor excuses
    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.
    • rabarbaro
    • By rabarbaro 21st May 18, 5:58 PM
    • 3 Posts
    • 0 Thanks
    rabarbaro
    can you explain better
    How we can proceed ? I'm not used to this situation and I don't know what to do.
    Thank you
    • MTMCN
    • By MTMCN 27th May 18, 8:28 AM
    • 1 Posts
    • 0 Thanks
    MTMCN
    GWD Forestry Investors Community on Facebook
    • fabiensf
    • By fabiensf 9th Jun 18, 1:38 PM
    • 1 Posts
    • 0 Thanks
    fabiensf
    Same story here. I invested with them in 2010 in the Eucalyptus project which stipulated a 5 - 8 year period until a payout. I had received the paperwork for a harvest agreement together with a request for my bank details. After not hearing from them after the 8 year deadline I got in touch with my account manager via email. My numerous emails went unanswered.

    on the 21st May I received emails from both the info email address as well as my account manager informing me that the director had passed away and that arrangements were being made to reorganise. The email also stated that my account manager hasnt really been working for the company for the last 6 months.

    I find it hard to believe this series of events. I dont quite understand how the loss of the director could cause a company to reach a complete standstill. Furthermore, there didnt seem to be any problems with them sending out their usual barrage of upselling emails during this period.

    I would be interested in keeping in touch with any other investors here.
    • Sarah87892
    • By Sarah87892 9th Jun 18, 2:07 PM
    • 2 Posts
    • 1 Thanks
    Sarah87892
    I have the same problems
    • Moneysworth
    • By Moneysworth 15th Jun 18, 10:03 AM
    • 3 Posts
    • 0 Thanks
    Moneysworth
    Hi all. Similar story for me. Unanswered emails but some contact lately offering assurances etc. Googled their late Director and couldn,t find any record!! which only added to my unease.
    • Sergio Carpano
    • By Sergio Carpano 5th Jul 18, 10:01 AM
    • 1 Posts
    • 0 Thanks
    Sergio Carpano
    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 sergio@carpano.net.
    • Nic0las
    • By Nic0las 5th Oct 18, 3:49 PM
    • 1 Posts
    • 0 Thanks
    Nic0las
    Hi Folks, just received yet another email today stating...

    “It is with much regret we would like to inform our clients, that it appears our client list has been shared with a third party company by a previously trust worthy ex-member of staff.”

    Plus much more blah blah’s including “In the interest of our clients we would also like to announce that GWD proposes to safeguard its clients by transferring ownership of all company assets in full, to our clients. This will be expected to be done using share issue and is now with our legal advisers”.

    Has anyone heard anything else?
    • Malthusian
    • By Malthusian 5th Oct 18, 11:58 PM
    • 4,988 Posts
    • 8,062 Thanks
    Malthusian
    First part sounds like someone has flogged the client list to either some Claims Management Companies or possibly a fraud recovery fraud outfit.

    Second part sounds like they are proposing to exit-scam by exchanging worthless forestry plots for worthless shares in a worthless company.

    Correct me if I am wrong.
    • Canadian
    • By Canadian 30th Oct 18, 8:58 PM
    • 1 Posts
    • 0 Thanks
    Canadian
    Gwd
    Hi everybody,
    First of all, I am a french speaker so the way I express my thinking my be funny. Please excuse me.
    I am new here and also have problems with GWD Forestry. I went to Palma de Mallorca 3-4 days ago and visited both, there old and new offices. The old office is for sale or rent. There is still a small sticker by the knob to ring to door bell but the office seems to be empty.
    The new office, in which they moved in some months ago, seems very quiet for a business office. I showed up around 12:30 and there was nobody. I went for lunch and come back abour 45 minutes later. Nobody. I waited in front of the door until 18:25 and nobody came. It was a Thursday.
    I read on this blog somebody received a word saying the CEO had passed away. I received that mail too. However, since a year an a half I had 3 (if not 4) different account managers. One was a guy from England (don't know if I can write his name here) and needed time to returns mails as he was doing the job of others accounts managers (yes, plurial) who had left the company (including MY account manager). On top of that, he had to take care of his mom who was having Chimio (for a cancer) so he had very little time to answer mails. He was asking to be patient and not to send to many mails...

    Is there something going on to suit them? I might be interested.
    • AnotherJoe
    • By AnotherJoe 30th Oct 18, 9:25 PM
    • 11,833 Posts
    • 13,780 Thanks
    AnotherJoe
    I would say you've lost your money and everything else is "a tale told by an idiot, full of sound and fury, signifying nothing."
    Please dont criticise my spelling. It's excellent. Its my typing that's bad.
    • Despondent Investor
    • By Despondent Investor 11th Nov 18, 4:27 PM
    • 1 Posts
    • 0 Thanks
    Despondent Investor
    Has anybody been approached by Insolvency Services organisations re GWD. They claim that they have obtained limited information regarding GWDs clients. They are requesting further details from clients.



    Despondent Investor
    Last edited by Despondent Investor; 12-11-2018 at 1:42 PM. Reason: too much identifiable information
    • dealer wins
    • By dealer wins 11th Nov 18, 6:49 PM
    • 6,133 Posts
    • 11,958 Thanks
    dealer wins
    I would have thought if they were legit they would have all information about you that GWD had on you. Sounds very scammy to me.
    Choose life
    • Glen Clark
    • By Glen Clark 12th Nov 18, 6:04 PM
    • 4,304 Posts
    • 3,324 Thanks
    Glen Clark
    First part sounds like someone has flogged the client list to either some Claims Management Companies or possibly a fraud recovery fraud outfit.

    Second part sounds like they are proposing to exit-scam by exchanging worthless forestry plots for worthless shares in a worthless company.

    Correct me if I am wrong.
    Originally posted by Malthusian
    How long before they start asking for money to cover "fees" /"admin" / whatever
    ďIt is difficult to get a man to understand something, when his salary depends on his not understanding it.Ē --Upton Sinclair
    • FROMSOUTHEAST
    • By FROMSOUTHEAST 21st Nov 18, 8:51 PM
    • 3 Posts
    • 0 Thanks
    FROMSOUTHEAST
    HI, I invested in 2016. I read a forum and of course I'm not happy. I've got a phone call from Tao Feng Associates. They want to make me an offer for invested money. Does anybody else received the similar phone call?
    • Malthusian
    • By Malthusian 22nd Nov 18, 8:02 AM
    • 4,988 Posts
    • 8,062 Thanks
    Malthusian
    Tao Feng Associates is almost certainly a scam, and the answer to your question is "very probably". If this thread is any guide the investments have been worthless for years.

    (No evidence has been presented of anyone successfully exchanging their investment for money or money's worth despite the administrators of the scheme blithering on about independent valuations a few years ago.)

    This could be the scam outfit that the original scammers sold the client list to in October.

    By all means reply if you want to make certain, but as soon as they ask you for money for "legal fees" or similar you know it's a scam. The way buying an asset from an investor works is that they give you money, you don't give them money.
    • Reaper
    • By Reaper 22nd Nov 18, 8:53 AM
    • 6,341 Posts
    • 4,632 Thanks
    Reaper
    Tao Feng Associates say on their web "We are proud to be one of Asiaís largest Strategy Consulting firms".

    However the web site was only registered 3 months ago, their address in Hong Kong is a place that offers virtual offices, and there are no other references to them on Google.

    The scam alarm bell is ringing.
    • FROMSOUTHEAST
    • By FROMSOUTHEAST 23rd Nov 18, 5:05 PM
    • 3 Posts
    • 0 Thanks
    FROMSOUTHEAST
    Thanks for answers. Thus I should wait or what? Does anybody else in this forum received the same phone call??
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