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Original Message:

Re: Manhattan Club Lawsuit (by William M.):

After speaking with Lynn O’Donnell, I learned that Bluegreen is not buying TMC. They are purchasing units/weeks that have been unsold and units that TMC has taken back by foreclosure and by-backs. As a former Bluegreen owner, I understand why this makes sense. When you own Bluegreen, you own points that can be used in any of its resorts. Bluegreen wants its owners to be able to book the Bluegreen owned units in TMC. Bluegreen will be TMC owners just as you and I are. It is my hope that they will not get any sort of discount or break when it comes to yearly fees, but who knows with the current TMC management. Of course TMC management is a mess and is required to change. I don’t know why it is taking so long. My understanding from Lynn O’Donnell is that Bluegreen will not manage TMC. These are my understandings after our conversation.