hi dee
as far as i could make out the letter was trying to get us to agree to sign a sale contract before the bank guarantee kicks in thus making it worthless. I think sanchez were trying to make sure they could get to keep all the lovely deposit money regardless of obtaining licences.
I did note that to disagree with this arrangement a letter stating that had to be sent recorded delivery to GS within 14 (15?) days. I have already sent one telling them to politely get f****d and a copy to mananzares.
really not sure how they could make the claim that getting rid of all our protection (bank guarantee) without them obtaing licences would be "solely for the benefit" of the clients.