The Banks Cash Point Scam

Hi Marc,

I last posted back in late Jan and kept 'popping' back to see if there were any other replies..... but it took a while before any new posts appeared. It's good to hear from other investors, and get their thoughts. 

Like you say, having invested via IPIN, my thoughts were exiting 'during' the process, rather than go through to build. Clearly the build will require a significant amount of capital and may not be what a potential purchaser likes. Of course at full planning, there is also a large VAT liability to take into account and will need to review the potential benefits.

You did well to take them up on the 'pay early' offer, I'm not sure I had the same level of confidence at that point. I'm looking forward to hearing more at the presentations they plan. 

Thanks everyone for the updates.

Regards, John.

Hi John,

Good to hear from you.

Going through to build was never my intention and this remains the case, build cost is simply beyond my means at present and timing, what with the delays thus far, is too long given the initial investment forecasts. To be fair, I have faith in both M & C and IPIN. M & C have appeared to remain very professional, focused and honest throughout to date particularly during these troubled times within their industry and to that end, I can understand why they may want to persuade current investors to go the distance with the temptation of greater gains and a standout development plan to induce the additional funding platform and relieve them from bothering with too many onward sales for those of us who have opted for their 'dedicated resale programme'.

It will be interesting to see their upcoming presentations as there is no indication of marketing the development for villa's or any property for the site since outline planning, only heavy marketing for the vinyard investments but I can fully understand if this is a strategic timed marketing approach as well as the fact that outline planning was only granted a few months ago. 

To me, it is simply a case of carrying on with the strategy first sold to me: exit following outline planning; despite the market conditions and upgraded development plans and to continue to have faith in M & C and IPIN (hopefully not misguided in either).  

Keep in touch and let me have any of your thoughts.

Regards, Marcus

Hello

Has anybody heard anything about the roadshow and presntations for new investors.I was told when paying my second installment that there maybe a resale programme starting soon

Majormolar

completely dishonest and unbelievable management to this. avoid.