Post reply

LATEST INFORMATION ON MANHATTAN CLUB INVESTIGATIONS (by Chris V.):

henryd30, lots to be said of your proposal to management. personally i would like to keep my ownership IF THE MAINTENANCE FEES PER WEEK WERE REDUCED MEGA-SUBSTANTIALLY (WHICH PROBABLY WILL NOT HAPPEN.) I ACKNOWLEDGE AND UNDERSTAND YOUR POSITION BUT OBVIOUSLY DO NOT SUBSCRIBE TO IT. WHATEVER POSITIONS WE TAKE EITHER IN COMMON OR INDIVIDUALLY, WE MUST AWAIT THE COURT'S DECISION (WHENEVER THAT WILL BE). FROM THE SOUNDS OF IT, IT APPEARS THAT YOU'RE HOPING FOR SOME SORT OF PLEA BARGAIN. IF THAT OCCURS, I WOULD HOPE THAT OWNERS WOULD HAVE OPTIONS FROM TMC TO CHOOSE FROM RATHER THAN A BLANKET SETTLEMENT WHICH ALL OWNERS WOULD HAVE TO ACCEPT.

chris

henryd30 wrote:

I HAVE READ ALL THE CORRESPONDENCE ABOUT THE MEETINGS, AND I AM PLEASED WITH THE REPORTING. YET IT SEEMS TO ME THAT A POSSIBLE SOLUTION IS (SOMEONE NEEDS TO OFFER TO THE TMC MANAGEMENT A PROPOSAL THAT IF THEY WISH TO CONTINUE TO SELL TIMESHARES AT THE MANHATTAN CLUB, AFTER ALL THIS IS SAID AND DONE, WHICH I BELIEVE WILL HAPPEN, THEY NEED TO OFFER TO OWNERS A BUYBACK OF THEIR PURCHASE PRICE, AND THEY WILL HAVE NEW INVENTORY, A VALUE THAT THEY CAN MORE THAN DOUBLE, AGAIN MAKING A BIG PROFIT, AND THOSE OWNERS WOULD BE SATISFIED, THE TMC WILL SETTLE THEIR PROBLEM, AND NO ADDITIONAL COSTS WILL BE INCURRED. THIS CAN ONLY HAPPEN, NOW, AND ONLY THE PURCHASE PRICE WILL BE REFUNDED WITHOUT ANY FINES, FEES, LATE FEES, OR PRIOR MANAGEMENT FEES TO BE DEDUCTED. THIS WOULD BE FAIR TO ALL, AND FOR THOSE WISHING TO KEEP THEIR OWNERSHIP, CAN PAY WHAT THEY FEEL THEY WISH TO KEEP THEIR OWNERSHIP. IF SUCH A PROPOSAL IS PUT ON THE TABLE, NOT ONLY TO THE TMC MANAGEMENT, BUT ALSO THE COURT SYSTEM, MAYBE THIS COULD BE SETTLE IN A TIMELY MANNER, SAVING EVERYONE AGGRAVATION AND EXPENSE.