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Davidwhite

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  1. Patt, I didn't get a phone number, they called me but the number was withheld. They did send email contact as below: [email protected] This was on the 30th Jan and they said Terra Firma had promised to get back to them within a week or two so possibly hear something next week. I'll let you know if any news. Good luck David
  2. I purchased one acre of land back in 2008. Exchange rate was over C$2 to the pound, so seemed like a good idea at the time. I'm also from the the UK down in the sunny south. Good to share the pain with everyone. David
  3. Anthony, This looks very interesting at first glance and could be a possible option to persue. I would be wary though that this might just be an opportunistic lawyer who has picked up on the current situation. I'd be inclined to take advice from the Escrow agents, they did assure me that if TFDC do go into liquidation they would be there for investors to explain our options. If you get the call from them it might be worth mentioning this article. Keep hoping. David
  4. I received a telephone call from the Escrow agents. The gist of it was they are also in the dark about the current development. They have been told by Terra Firma that a communication will be sent out in a week or two. The main problem seems to be that Terra Firma based their forecasts on prices before the Financial crash and are now struggling to honour them. The basic infrastructure is in place and a few properties are complete with some sales completed. The golf course is half complete which seems to be the main influence for generating sales, I think this has been taken on by a German consortium so should eventually get completed. The worst case scenario is that Terra Firma announce they are going into administration. If this happens then the LLC members become creditors for any settlement payments. The agents would then work on the members behalf and advise on our options. We'll just have to wait on the Tera Firma announcement, if it ever comes, but a least I've had some contact. Any straw is worth grasping, I'll keep posting if any news. David
  5. Here is the letter I got back from AV corporation Services
  6. Anthony, Here is an extract of an email I sent to the agents. I'll let you know if I hear anything. David With reference to the above investments we hold I would be grateful if you can advise the current situation with Terra Firma. They have cut all communication with investors and just give automated replies that ' updates will be sent'. I understand they have severe cashflow problems but the lack of communication is unacceptable. I imagine a chapter 11 filing and administration is the inevitable outcome. I would be grateful if you have any contact from Terra Firma or can provide any updated information. I would also be obliged if you can let me know where we stand with regard to the 1% Annual fee being charged.This appears to be becoming a meaningless charge if there is no prospect of a return on our investment. I look forward to you reply David & Claire White I've attached their reply below
  7. Anthony, Here is an extract of an email I sent to the agents. I'll let you know if I hear anything. David With reference to the above investments we hold I would be grateful if you can advise the current situation with Terra Firma. They have cut all communication with investors and just give automated replies that ' updates will be sent'. I understand they have severe cashflow problems but the lack of communication is unacceptable. I imagine a chapter 11 filing and administration is the inevitable outcome. I would be grateful if you have any contact from Terra Firma or can provide any updated information. I would also be obliged if you can let me know where we stand with regard to the 1% Annual fee being charged.This appears to be becoming a meaningless charge if there is no prospect of a return on our investment. I look forward to you reply David & Claire White
  8. Anthony I am in exactly the same boat as you, I also invested back in 2007/8 and have not been able to get any communication over the last month. I am also just reaching retirement. I have found this contact form which I have just sent, it promises a reply within 1 working day: .https://forestlakescountryclub.ca/investor-relations-contact-form/. I'm not holding my breath but you never know. Good luck David
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