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Re: Manhattan Club Lawsuit (by Dennis C.):

To complicate things further, those PURCHASERS who have stopped payments on mortgages and/or maintenance may no longer be OWNERS.

fibon wrote:

dennisc283 wrote:

There are about 14,000 purchasers of TMC. judging from the various facebook, redweek and yahoo groups, I'd guess that only several hundred or maybe a thousand are even aware of the legal proceedings...so getting a large group of purchasers to act in concert is not possible.

According to the MC Annual Budgets, interests sold =14, 872 which is calculated form amount of units =286 and number of weeks =52. Interestingly, the same numbers were used every year since 2006, except 2015 and 2016 where the number of units was shown 296. Like there were no sales/purchases or any kind of dynamics over the years. Owners were never informed how many interests on sale, number of buy-backs, purchases, etc. Tricks.

In regards to the number of OWNERS, it's a great MC secret which was not disclosed even to the AG so far. Though when searching public records, we can see lots owners who purchased 1 or more interests. On the other hand, MC was selling Triennials 1/156 interests and Quadrennials 1/208 interests and they did not report that in the Budgets.

Interests were also sold to different companies. How many interests are owned by 1 Owner-company in that case? Only Vacation Trust (Bluegreens) purchased 2520 packets (variety of interests) in 2011-2014 .

Therefore number of OWNERS might be 10 times more or 10 times less. We are in a such deep bs , literary equaled to slavery under MC crooks. More owners stop payments, the boat will sink faster.