Big Burke announcement

[thetrailboss]

Would you point us to where you got this info?

"The money was promised to be paid back by 2012"

Because if it is true I would like to know about it.

I think he did in that link.

 

[Masskier]

I think he did in that link.

Watch the video, at 2:38 it contradicts what he said.

 

[Masskier]

Can you comment as to how the EB-5 investors are making out at Jay?

No, I have no idea. However I would think that if things were not going as per the agreement between Stenger and the investors we would all know about it.

 

[thetrailboss]

No, I have no idea. However I would think that if things were not going as per the agreement between Stenger and the investors we would all know about it.

I think we have a lot of indications as to how things are going and you seem to be ignoring them all!

 

[thetrailboss]

Watch the video, at 2:38 it contradicts what he said.

2:38 has nothing to do with the point that you were all arguing over and that was if Jay has been paying back its first investors as promised! It was the investor saying that his primary motivation was the Green Card and that he would not have invested in the project without it.

 

[VTKilarney]

Masskier, here is an example of Jay blowing the "five year payback" horn: http://jaa.org.za/documents/docs/EB-5_International Ad_SA.pdf

And guess what, Masskier. We DO know that they missed the target with at least Phase 1. The attorney who invested made that EXTREMELY clear.

Stop playing games, Masskier.

 

[Masskier]

Thanks for the link

2:38 has nothing to do with the point that you were all arguing over and that was if Jay has been paying back its first investors as promised! It was the investor saying that his primary motivation was the Green Card and that he would not have invested in the project without it.

My point was, I wanted to know if this is true;

"It is now known that Stenger is not coming close to meeting his promise on payback of capital. Phase 1 investors were promised 5 years."

specifically I wanted to know where the 5 year pay back came from. He offered the link, in the video it states that investors will wait many years. That was my point.

 

[thetrailboss]

My point was, I wanted to know if this is true;

"It is now known that Stenger is not coming close to meeting his promise on payback of capital. Phase 1 investors were promised 5 years."

specifically I wanted to know where the 5 year pay back came from. He offered the link, in the video it states that investors will wait many years. That was my point.

The latest flier above does say a 5-year pay back with a return on investment (or the hope of one). And I do recall hearing in here that investors in the earlier phases were seeing the timetable for repayment pushed out beyond what was initially stated.

I also recall press a year ago or so about an investment firm pulling out of Jay and commenting that it was very skeptical of Jay's promises. That was a short blip on the screen that Stenger brushed off and came a long time before the latest scrutiny (which I don't think we've heard Masskier comment on at all).

 

[VTKilarney]

Masskier,

Let me try to simplify this so you can understand it:
a) The attorney in the WCAX video plunked down $500,000 in 2007.
b) As of late 2013, he had no idea when or if he would get his money back.
c) The Wall Street Journal just reported that EB-5 investors are becoming very picky about where they choose to invest. They expect a real return on their investments.

If you don't see how this puts Jay (and by association Burke) at a competitive disadvantage, then you are an idiot.

 

[VTKilarney]

Mind you, the only evidence Masskier has ever produced in all of this debate is a phone call with Ary insisting that work would begin on the hotel just as soon as the ground had thawed. Note to Masskier: The ground has thawed.

 

[Masskier]

Masskier, here is an example of Jay blowing the "five year payback" horn: http://jaa.org.za/documents/docs/EB-5_International Ad_SA.pdf

And guess what, Masskier. We DO know that they missed the target with at least Phase 1. The attorney who invested made that EXTREMELY clear.
.
Stop playing games, Masskier.

Thanks for the link. i had not seen that before. The Atty. made it very clear that he was tying up his money for many years and the green card for him and family was his main motivation.

No games, just because a promotional flyer has a 5 year pay back doesn't necessarily mean that is what is in the investors contracts. Clearly this Atty is very happy with the program thus he is helping many others get involved.

I would have to think that if in fact there was a default that we would all know about, especially you.

 

[Masskier]

The latest flier above does say a 5-year pay back with a return on investment (or the hope of one). And I do recall hearing in here that investors in the earlier phases were seeing the timetable for repayment pushed out beyond what was initially stated.

I also recall press a year ago or so about an investment firm pulling out of Jay and commenting that it was very skeptical of Jay's promises. That was a short blip on the screen that Stenger brushed off and came a long time before the latest scrutiny (which I don't think we've heard Masskier comment on at all).

Do you know if that is a current flyer, Are they still offering a 5 year pay back?

 

[thetrailboss]

Do you know if that is a current flyer, Are they still offering a 5 year pay back?

I think the question was answered as no. They readjusted the pay back plan from what I understand.

And I think that this issue is a red herring considering Pomerleau's skepticism and pull-out.

 

[Masskier]

Masskier,

Let me try to simplify this so you can understand it:
a) The attorney in the WCAX video plunked down $500,000 in 2007.
b) As of late 2013, he had no idea when or if he would get his money back.
c) The Wall Street Journal just reported that EB-5 investors are becoming very picky about where they choose to invest. They expect a real return on their investments.

If you don't see how this puts Jay (and by association Burke) at a competitive disadvantage, then you are an idiot.

Certainly agree that investors today are being much more picky on their eb5 investments, as far as safety of investment and a ror. I haven't looked at any eb5 prospectus so I don't know how Burke and jay are compare to others. Have you? I had the opininion that VT had a distinct advantage over other eb5 investment states, in as much Vt is the only state that is regulated by the state government. I don't think you abc above gives any merits to how good an investment may or may not be.

 

[Masskier]

Mind you, the only evidence Masskier has ever produced in all of this debate is a phone call with Ary insisting that work would begin on the hotel just as soon as the ground had thawed. Note to Masskier: The ground has thawed.

You might be surprise, Those trucks may be going by your house any day now.

 

[the original trailboss]

Another interesting conjectural discussion here but if any potential investor did even a little homework he would find that internally Burke is a mess with the most unhappy and frustrated group of employees I can ever remember and that the Kingdom Trails issue is far from resolved - this aside from the fact that Q and company have publicly dissed the history any successes from the past AND the entire community that has been the soul of Burke since Day One....

 

[VTKilarney]

You might be surprise, Those trucks may be going by your house any day now.

Which would be after Uncle Ary told you. I wouldn't go around bragging about that.

 

[VTKilarney]

In light of the discussion lately, I think something important needs to be said. To the extent that I and others, particularly Trail Boss, have been critical of Q-Burke, it is because we care about and love Burke Mountain. We are critical because we want the mountain to succeed, and to be around for many generations to come. In order to succeed, we believe that a mountain needs the following:
- Experienced, competent management
- Fiscal stability
- Experienced, competent staff
- Good relations with its partners
- Good relations with its community
- Good relations with its adjacent land/condo owners
- Good relations with the local media
- A respect for the mountain's history
- Integrity in its leadership

This is why we criticize. Not because we like doing so - but because we want Burke to be the best it can be, and to be there for our children and their children. It's because we care. We're not trying to be popular, we're not desperate to have Ary be our friend, and we're not willing to pat someone on the back while they are walking off a cliff.

 

[VTKilarney]

No games, just because a promotional flyer has a 5 year pay back doesn't necessarily mean that is what is in the investors contracts.

Oh, I feel much better now. This could have just been false advertising. And here I thought that people might have been upset?

In all seriousness, given this advertising, as well as the statements of investors saying that they were promised a 5 year return, the burden is on you to prove that something different was in a contract.

And this still does nothing to change the reality that we know that Phase 1 investors are still left hanging - and what that means in a competitive marketplace.

 

[fbrissette]

They expect a real return on their investments.

That's the part I don't get. If there is the need to dangle a greencard in your face to get your money, you should automatically know that it is a high risk investment.

If you expect to get your money back AND a return on investment AND a green card, I think you're being unrealistic, no mater how it is marketed.