How can deposits be taken on land that does not have a license?How can such a huge project be promoted by famous people that no nothing about the companies finances?Who would have expected the company to collapse ?
Will all desposits be returned?Lets wait and see!
Quote:
Originally Posted by Marben
As you all know Grupo Sanchez has now filed for Bankruptcy. At the current time there are claims that this will not effect their Project "Elegance Natal Golf" in Brazil, however the licences still have not been finalised on this project and the 12 month cut off date for all those pre-release investors is now just over 1 month away (29th May 2008)
All those of you that reserved prior to the official launch at SIMA last year will be entitled to a full refund on your deposits once this date has past, whether GS bankruptcy effects the project or not.
I am currently compiling a list of buyers that wish to cancel and get these refunds, as I am currently working on behalf of a number of buyers already.
If any of you would like my help, irrespective of who you reserved your original units through, then please just drop me a PM with your email address and the units you have reserved.
Many thanks
Lisa Nicol (formally known as Lisa Nic)
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