Club Orient deal Reached

April Fools!

That will be a good one for the next 10-20 years.

Wendell

Like Mullet Bay!

So you are starting a new resort at Mullet Bay?

Wendell

not funny my heart went aflutter

cruel joke

I know, it hurts me too.

Thought three times, then did it anyway.

But better than talking medical and maybe someone will have some news they are holding to make it closer to true.

Maybe the DA holdouts will see the stupidity and Cut a deal.

Probably should have gone with the voice that said no.

I know, I’m sorry.

Ouch!
carib cheers,
got me for sure!
doctorj

Thank you.

Maybe they can apply for some French equivalent of our US airline bailout money?

Got me. I had a sudden moment of joy.

One in every crowd. A brief moment of joy before I opened the post and a realization it was April Fools day as I knew I'd been had.

I was amused, and I knew that it was not true. I'm fortunately enough to still be working so I haven't totally lost
track of time...

Pian in the butt

Sorry to all, but it had been quiet here On the topic and it does change the subject from even worse topics.

It was a positive thinking headline though and maybe petty differences will end

So are you saying the check I mailed yesterday for a deposit to Club O will end up where my other checks to my Saudi Prince Uncle in Jamaica who has an Inheritance fortune for me, and the money I sent to extend my auto warranty, and my free college loan payoff that cost me $10,000 ?? Is that what you are telling me ???

I think you got it. I see that college degree paid off. Lol

Does anyone out there think this may actually happen one day?

Yeah, short of a global pandemic, things usually get sorted out over time. Oh wait, that’s now. Still think demand is there for the best paradise On earth. And maybe something like this will lead to concessions and less fighting.

I really wish there would be a settlement. I don't believe that there will be a deal reached in the near future. Since I do not own a unit nor am I privy to meeting(s) that have occurred, I have to base my opinion on hearsay. It appears that there are a select few owners that are holding the remainder of the owners hostage and are not willing to concede. It's truly a shame because in less than 6 months it will have been 3 years since Irma and no sign of any movement in a positive manner. Unfortunately it appears that the government has little ability to litigate this situation. Truly a shame because I think the island, in light of this current pandemic, needs tourism to recover and Club O was a big draw and money maker. If this was a privately owned corporation, it would have been rebuilt by now.

Management structure is the problem. Like many partnerships/arrangements they start out well but don’t endure the test of time with death, divorce, depression, hurricane and pandemic.

I would think the majority should sue the insurance company that is waiting for things to sort out. You could payout the undisputed amounts and hold the disputed share amounts in an account to eventually go to the holdout dissidents or to the majority owners however it sorts out. Clearly the majority is accruing damage in this non-lawyer’s eyes. Any lawyers in the house? 😀

The insurance company should be encouraged to file an interpleader complaint, deposit the policy limits with the court, and let the various claimants present their claims to the court for a court-ordered distribution of the funds.
I’m retired now, so don’t ask for advice !
Don

I’ll be happy to buy out the holdouts for $1 each, which is about the present value of their property. Heck, I’ll give ‘em $2.

I was hoping that this thread would prompt someone in the know to give us a legitimate update on what is going on. I am to old to wait for ten years for this to get sorted out. I remember how long Pat was in the French courts over at coconut beach. If it takes that long I'll never see Club O again, and neither will most of the owners.