Thread: due diligence
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Old 09-06-2008, 04:58 PM
JMBroad JMBroad is offline
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Join Date: Jun 2007
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Quote:
Originally Posted by mitico67 View Post
Hi JB, just to let you know that back in Sept 2007, the Brazilian solicitor referred to me assured me that the due diligence for Lago de Coello was fine. I didn't go ahead with the deal just because of my gut feelings. If you cannot trust a solicitor........

I know but at the same time, I've received several DDR's from different lawyers sent to me by different agents and some of them state categorically "can not be sold" - the problem is it was in Portuguese so the agent sending it to me didn't even realise.

However although the DDR report from the lawyer I received for Lagoa was also fine, when I went out there and stood on the plot it was easily apparent that things weren't fine, which is why we decided not to market it.
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