Big Burke announcement

[Big Wave Dave]

And yet have "no money" to contribute on their own (?)


this is what amazes me the most. if they actually have made what some people are speculating, how could they not pay peak CM off and make all this go away?

And the lack of an answer to that question is what scares me the most about the Quiros family owning Burke and Jay.

 

[thetrailboss]

this is what amazes me the most. if they actually have made what some people are speculating, how could they not pay peak CM off and make all this go away?

And the lack of an answer to that question is what scares me the most about the Quiros family owning Burke and Jay.

Exactly.

 

[BenedictGomez]

I just have this horrible feeling Jay/Burke are going to eventually be featured in a CNBC American Greed episode.

https://en.wikipedia.org/wiki/American_Greed

 

[thetrailboss]

WCAX is reporting activity at the QHotel--specifically lawyers meeting, changing the locks, and securing the area.


Sent from my iPhone using AlpineZone

 

[thetrailboss]

https://mobile.twitter.com/WCAX_Jennifer/status/720375434697834496


Sent from my iPhone using AlpineZone

 

[snoseek]

Wow...thats some escalation!

Sent from my LG-H345 using Tapatalk

 

[VTKilarney]

Qarma is a bitch.

 

[River19]

Well, let's just say a few of us on here sadly saw this coming for a while......didn't think it would come so soon......but let's see what the real deal here is.

If this was just Peak taking control, it would be quieter......this is something more.

 

[MEtoVTSkier]

Authorities on Site at Q Burke Offices have reportedly been secured and locks changed.

http://www.newenglandskiindustry.com/viewstory.php?storyid=421

 

[MEtoVTSkier]

Guess now we know why Ary's desk looked so clean!

 

[VTKilarney]

From the Burlington Free Press:

"I'm not worried about it," Quiros said. "They're not going to find anything, because we're doing everything right."

Quiros said "the only bad thing" about the investigation is that it is going to scare customers and employees.

"Hopefully we can start moving forward and start planning for the next ski season," Quiros said.

 

[MEtoVTSkier]

http://www.burlingtonfreepress.com/...ficials-situation-unfolding-q-burke/83004948/

 

[thetrailboss]

And, based upon who "supposedly" is going to be at tomorrow's Press Event, I am posting this and asking folks to look right in the MIDDLE of the picture:

 

[thetrailboss]

http://www.burlingtonfreepress.com/...ficials-situation-unfolding-q-burke/83004948/

As president and chief executive officer of Q Burke ski resort, Ary Quiros said he has no connection to the limited partnership that owns the Q Burke Hotel. The $50 million hotel was built using money from foreign investors under the federal EB-5 program. Foreign nationals investing $500,000 in projects in economically depressed regions of the country receive conditional green cards through the program. The cards can become permanent, offering U.S. residency, if the project creates a specified number of jobs.

Riiiiiiiggghhhht. So the guys in suits executing the search warrant just showed up at the wrong place.

Ary Quiros said Wednesday he was confident the investigation would reveal no wrongdoing.

"I'm not worried about it," Quiros said. "They're not going to find anything, because we're doing everything right."

Quiros said "the only bad thing" about the investigation is that it is going to scare customers and employees.

But didn't you just plead ignorance?

 

[BenedictGomez]

Well, let's just say a few of us on here sadly saw this coming for a while......didn't think it would come so soon......but let's see what the real deal here is.

Soon? This is about 2 years too late.

And I certainly hope offices at Jay Peak are being simultaneously raided, but sadly this appears to be orchestrated by State of Vermont and not the Feds, so my default belief is incompetence will prevail and that that's likely not happening.

 

[VTKilarney]

A month or so ago I posted a theory about the hotel not being open. My theory was that they weren't paying off the contractor because they were circling the wagons since the shit was hitting the fan.

I'm starting to think that this theory may have been fairly accurate.

 

[VTKilarney]

Soon? This is about 2 years too late.

And I certainly hope offices at Jay Peak are being simultaneously raided, but sadly this appears to be orchestrated by State of Vermont and not the Feds, so my default belief is incompetence will prevail and that that's likely not happening.

It remains to be seen if it's the feds or the state. The governor has said that it was "a coordinated effort." The state seldom acts this decisively (changing locks, etc.) whereas the feds often do. On the other hand, one argument for it being the state is that the state attorney general is going to be at the press conference tomorrow. So we shall see...

 

[VTKilarney]

Someone just posted this on Facebook: "Jay and Miami also visited by "agents"."

I have no idea if this is true or not.

Another person made a post on Facebook saying that this is merely a management company that is going to take over the day to day operations while the SEC investigates. That seems hard to believe, but who knows.

There is no doubt going to be a lot of speculation until the press conference happens tomorrow.

 

[VTKilarney]

 

[River19]

Soon? This is about 2 years too late.

And I certainly hope offices at Jay Peak are being simultaneously raided, but sadly this appears to be orchestrated by State of Vermont and not the Feds, so my default belief is incompetence will prevail and that that's likely not happening.

Fair point........I just assume the Feds don't really move too quickly.......see Bernie M...........and we have no idea yet what the deal is here so I will hold off on getting to fired up just yet......and also, there is the reality that even if Q is done.....this is a mess for the upcoming bike season and ski season.