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Re: Update on Lawsuit against RCI (by Mary D.):

Well, if 5% or more of the owner class refuses the settlement, RCI stated that it will back out of it and then even the baubles will be lost. Why do we keep overlooking the fact that RCI was not judged and found guilty of anything?

Have you read the testimony RCI gave as to the multiple sources of the weeks it offers for exchange and rent? I'd love to see a detailed break down of each of these sounces and how they were used in some specific year, but the fact is that they did not all come from you and me. We belong to RCI, II, and a couple of other exchange companies. All of them also rent timeshares to provide more options for their members with limited ownership.

If, indeed, there is now less available for exchange than in previous years, I am wondering if this could be the outcome of more people owning in resort groups which offer broad internal exchange options. Owners of fixed weeks at individual timeshares had to exchange through an organization like RCI in order to get any variety of vacation experience, so many weeks were constantly deposited. Today, many of us own with resort groups which offer extensive flexibility within their own group for little or no exchange cost, so why should such owners deposit in RCI? We only deposit if we are unable to use or save weeks in any other way or need something specific which our own group does not have.

I am thankful that the exchange companies do tap into additional weeks from resorts with unsold inventory, etc. If 1000 or 100,000 owners deposited their weeks in the pot and took out the same number, how mathematically possible is it for each of them to get the location they want for the one in 52 possible weeks they requested? Consider this. MD

MD