Originally Posted by Golfingworld

This "Due Diligence" cliche is another nonsense. A Solicitor cannot check if a Firm and/or their Associates or Agents are, might be or could be in Financial trouble sometime in the future. It could well be that a Solicitor dots every i and crosses every t, but he cannot and will not give you a gut feel on the market or the future. These developments like GNG and Lagoa may indeed have all the permissions, they also didn't plan (hopefully) to get into difficulties...but they allegedly did, so it seems, for whatever reason. And as Mitico says, he did his but his gut tells him others. You cannot just sit there and say "Due Diligence" this means nothing apart from covering your backs, it is real market information, proper knowledge and extensive in the market research. Even then, these developments seem to have (allegedly) big problems and many invested. Why, because they were unlucky, didn't properly evaluate things, didn't go there and smelt, saw and tasted and almost certainly believe the hype which is/was peddled about. There is no substitute for rolling your own sleeves up, not saying "They've done The Due Diligence" so it must be ok.