Post reply
Original Message:
Re: Dream Travel Condos anyone? (by Carole P.):
Also correct me if i am wrong, again these numbers?? Let's see
Dream Travel Bankruptcy - $582,030 (WHY would you advance pay someone that kind of money is beyond me) Cost to fix weeks gone bad to date - $200,000 Cost to fix future weeks* - $225,000 Reserve fund replenishment - $150,000 - lets look at this. You had $150,000 in reserves that we need to "replenish", so that means you used it, correct? So. because the 582,000 is already gone, according to you, to prepaid weeks, then lets move on to "fix the weeks". You say it cost you $225,000. Well, now you had $150,000 in reserves, to cover this, so shouldn't the "fix weeks" be only $75,000? But in YOUR version, we still need to "pay" the full $225,000 PLUS an extra $150,000 to recover your "reserves" (again, which i re-instate, that you did NOT HAVE INSURANCE FOR) So, what did your Reserved Fund pay for?
Explain to me, in case I am missing something here, why you are asking for an extra $150,000 from your members??? Just thinking out loud....
Oh, yes, I'd also to know how you "increase" your yearly maintenance fees. As an example, from 2013/14, it went from $99 to $119. As per our contract of not being able to go up more then 5%, to me that would be an extra $4.95, not $20. Same with this year. $119 to $129....again, only $5.95, but an extra $10. So, does that mean, if you have 3000 members, that you owe US a total of $57,3000.00 between us in over payments? And thats just the 2 current years. And I am just talking those with "Suitelife" not Restort Villa, as you used to be called...i can't believe you charge them $264 in 2014 and then $295.00! Which again is more then 5% So please, if I am wrong with my calculations PLEASE let me know, others wise us members will be expecting a cheque in the mail. Which also means another breach in your contract.
If i am wrong, you would think you would be fast to defend yourself
Again, just thinking out loud....