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Originally Posted by Golfingworld
In which case, where did the "Due Diligence" help all those that invested in the failing developments that are now out of money or in Administration? "DD" might tell you that everything is in place and that a Bank Guarantee is watertight, but it won't tell you about a downturn in flights, currency fluctuations, economic changes etc etc. Even if the Bank Guarantee is in place, just read the other posts on here about trying to recover deposits! "DD" probably said they were all "cast iron", but it didn't stop some of them failing before they started!
As for Thomson, I find it very hard to believe that a Winter 08 Programme is not now available for sale if it is going to happen. Remember that flights should start in October, only 4 months away!
Simple and easy way to confirm it is go to The Visual or Pestana and ask "Are Thomsons coming again this year"..they'll know!
Sorry, we couldn't find any holidays to match your requirements.This might be because we don't have any flights available for the dates you selected.
Thats the result of a Thomson Brazil search for Holidays, Oct-Dec 08!
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Erm no, the DD on those developments said "stay away" - so the idea is that having done the DD, you can advise clients to invest elsewhere. That's how doing DD helps. For GNG it was the legal DD, for Lagoa it was the finall DD - visiting the site.