El Pinet

I can believe the cost of electric where to they get their figures from? The UK isn't cheap but Iberdola must be laughing all the way to the CAM bank.

there are a few meters on the site..........and.....sj had some deal with the builders of the non sj appts........i believe they have not paid anything...which is less than me

These are the apartments as you come from the village end?

sure is

Why does that not surprise me! Its like the overhead cable across the roundabout. The one that runs down to the seafront properties. Why is it down to or COH being granted?

I think it may also be the case that new power supply lines and a substation are needed to give a proper supply. This once more must be an SJ inspired problem as they did not do the infrastucture first.

Does anyone know if the water and electric are still off in the villas and quads

My daughter is out there at the moment and the electricity went off in M8 for about 24 hours - from last Thursday.  I don't know if the whole site was affected.       All has been well since it came back on sometime on Friday. 

Many thanks for the info

Sorry not been in touch but is there anyone in the UK arranging to give Power of Attorney as per recent correspondence  form San Jose

I am glad that more are seeing it my way. Taken for mugs for too long. Perhaps someone can confirm if any of the following is true.

SJ to give refunds to those that want them but it will be only 80% of that paid and not for 5 years.

Iberdrola get more cash from the present situation than if people were billed properly.

The palm trees are being sprayed against termites at a cost of 400€ a month for each area and that this will go on fo 4 years.

SJ are demanding another 20k for a recently found bill.

Victor

There is suppossed to be a meeting with the creditors this month? Are they trying to call in monies they think they can get?

VM the refunds are for those who have or who have or have not got their property yet? Is it 80% of the declared value or un-declared.

We have had a proper AGM yet or if we have should we not have got the minutes and accounts.

I don't know the answer to that. I thought it would be for those who had put down deposits. Of course if the directors had a true moral spirit they would honor the lot as the company is turned around to make sure all are repaid. Possibly from the account where the 'under the table' money went.

My understanding of the situation is quite different from the previous posters .

The voting process that is on going just now is for registered creditors of the company .Therefore that would include  those who  registered their credit through the court in the first part of the admin process ie purchasers with deposits paid but  who had not completed as the properties were not started or not  finished many of those  purchasers would have already  gone to court to have their contracts resolved or ruled to be  in breach by SJ .This is a route which many who had already completed could also have followed if given the correct legal advice  

This group will  also include all creditors of SJ ie suppliers ,banks ,councils (for unpaid  licences etc ) utility companies or contractors etc and even some other companies in the SJ group,  that are owed monies from SJ. 

All of these creditors must have already  registered their credit in the first part of the process . (SJ were  very careful about how and to whom  this info was circulated !!! )

Therefore I do not think the list of creditors will include many of those who have already completed and taken possesion of their properties.They could  have registererd as creditors  ( a few have !  )  If challenged in law they are in  the same position as those waiting for properties not completed or started this is because  SJ have not been able to provide or make it possible for completed purchasers to get certificates of habitation .This is a breach of contract

At any stage of the purchase ie before the forming of a "community "  (This is where El Pinet faulters )  purchasrs could have become creditors however as SJ were very active in promoting the setting up of a community  to take on their legal responsibilities  , it looks like this route is no longer an option .

All of the above mentioned regestered creditors now have a vote to accept the schedule of payments (which is different depending on which catogory the credit has been classified ie priviliged, ordinary or subordinate etc ) and to vote as to whether the company is allowed to come out of admin and continue trading or not .In order to continue trading they need more than 50% of the registered creditors to vote yes .If they get a yes /continue to trade vote the court  will oversee that the schedules of repayment and that  all conditions placed upon the company are adhered to.  

Not sure how closely the court will oversee  this and we may just be back to the same old same old SJ  ! Who knows !!

I  will try to post the proposal  documents explaining this process so people can discuss and comment on what it means for all of us  .Hope this is of some  help .JA

This message was last edited by julie anne on 06/11/2010.

This message was last edited by julie anne on 06/11/2010.

This message was last edited by julie anne on 06/11/2010.

This message was last edited by julie anne on 06/11/2010.

Julie anne, thanks for the information.

Meeting seemed to go ok with SJ, all to agree proposals for completion or refunds for the Judge to grant coming out of Administration, lesser of 2 evils.

If all approved by Nov 30th, usual promises of completion, CoH, building commences in New Year , just have to wait and see. Some very sorry stories around for those yet to complete

Victor

What source are you getting your information from? Spraying the palm trees against termites 400 euros a month for 4 years?

SJ demanding another 20K for a recently found bill.

Perhaps you could let us know when the electricity supply will return to the M2 apartments. The Administrator does not appear to know.

I hate to say this but when all is said and done I hope SJ are  finished .

If they continue I can only see more  years of corruption ,heartache and misery  for all concerned .

I would rather be thinking and planning for plan B !!!!! 

SJ will never deliver anything except more of the same old same old crap we have had for years and years   

The only sad thing is SJ will be more than delighted to be  dumped and to off load El Pinet . It will save them a fortune and allow them  carte blanche to scam the next load of mugs on one of their other  less notorious  developments  !!!!!!!!  

SJ make me sooo mad I could spit !!!!!!!

I totally agree J A. However I suspect that they will try to extract / extort more and more from us who bought in good faith and have fulfilled our part of the contract.     Paid in full.

This message was last edited by victor meldrew on 12/11/2010.

Thank you JA for last and previous info/comments.

It will be the banks (CAM etc) that decide if they want to put more money into SJ I guess. This will mean if there is no more money for the adminisrator to waste or call in from us then its good by San Jose?

I have got to the point where I couldn't care less what happens. That is not to say that I really feel for those who have nothing to show. But who knows what will happen to the propertys that are completed. Will in years to come in Jungle Drums there will be an articale saying about poeple coming from the UK, Ireland, Sweden, Poland and Elche to spend time by the beach.

Just  been looking through holiday lettings ' checking out the competition' and noticed  £40 per weeek being charged for air con on top of the rental..........mmmmmmmmmmmmmm..... make your own minds up about who is fleecing whom!