SJI Vote

Dear All,
We were informed today by Almudena that the SJI creditors vote is provisionally over 50% for yes , as the vote has to be checked and ratified by the court . Therefore, SJI will be coming out of administration like HdT, which is good for HdT purchasers/creditors as SJI owns 50% of HdT. An update report will follow in the next few days.
 
All the best
Tony
On behalf of the SARC Committee

 

Hi Tony

Good of you to share your inside information with me about Albatera, and Almudena's comments concerning the interests of their company.

To balance off her euphoric news of the vote can you point out to her and your SARC members that the parcel of land at Albatera is not going to be developed now, and the options are to offer their clients places that they didnt want to go to, at an unspecified time, or a reduced pay back, not guaranteed, with a promise of timescale for pay back they can not support.

I remember you saying a couple of years ago that I didnt have any say in the way SARC was developing, because sadam was nothing to do with Albatera.  I have to now reinforce my case that our deposits were always supporting the survival of SADM and we have been completely stuffed, by SJ and by your organisation.

Any comments from Almudena will be gratefully received.....starting with 'if i say i want my house, whos house will i get?

Can anyone help with a little information from Spain please?

Is there a department, like in England we have the Land Registry, that can help me find the ownership of the land at Albatera/

I am referring to the land that San Jose have sold property deposits on, and not issued any bank guarantees.  I want to clear up the ownership of this parcel of land and would be gratefull to have any information about how I may find this out, or who to approach

Thanks in advance

Brian