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Original Message:
Re: Manhattan Club Lawsuit (by Chris V.):
roger s, your "story" is interesting, personal, resourceful and with strategies for other timeshare owners to consider. you apparently had the time (and perhaps the timeshare ownership maneuvering ability) to help you ease out of a financially poor investment at TMC.
"Did you really think the timeshare was an investment, instead of just a purchase?" YES, most of us accepted the fraudulent sales department's investment pitch which led us to believe that this purchase was, indeed, a legitimate investment as well as a getaway opportunity to the BIG APPLE. and obviously, YES again, it was a purchase, as is a stock transaction that assumes an investment goal. rather than a stock investment, many TMC purchasers/owners saw it as a possible real estate investment. this real estate obviously became a poor purchase investment due to how the unscrupulous distractions of the sale were presented.
not too many stock purchasers have the expertise of their brokers/advisors. therefore, they seek investment guidance from them. also, unsuspecting TMC purchasers depended upon their real estate salesperson to advise them honestly, an admittedly big mistake based on an initial trust.
your comment about reading redweek.com providing you with "comic relief" is insensitive to owners who had misguided trust in sellers whose initial effort was to defraud us. if that scenario makes you laugh and if your motive was to gain comic relief, then your degrading need was accomplished. until then, we TMC owners will continue to show dismay and reluctance for the fraud inflicted upon us. if you accepted the fraud, perhaps you consider that even so-called white-collar crime pays.
stay healthy, and good luck in vail.