LilMaggie
newbie
- Joined
- Jan 11, 2018
- Messages
- 164
- Reaction score
- 290
- Resorts Owned
- I own Nothing!
Hey Barbados! That lunch conversation gave the best laugh I've had in a very long time! Thank youIt certainly should.
Unfortunately whatever Northmont did the Courts approved of it. The Courts are wrong in that. How could the Courts have said, 'If not the VIAs then who is going to pay for it.' without it ever crossing their mind that the Developer, the Owner of the Buildings and Land, has paid zero? How could the Courts have said, 'Can't blame a business for wanting to make money.' We don't blame Northmont for wanting to make money. They had a contract that described exactly how they are to make their money. We blame Northmont for making money outside the provisions of the contract.
Oh, I'm still on it.
The Courts were wrong. Geldert et. al. screwed-up but that was compounded by the Courts. How, how, could Loo and Fitzpatrick not asked the simple question, "Who pocketed the money from timeshare sales?" Or, how about this question, "If, as the Courts call it, it's a timeshare. Then if this timeshare chooses willfully to stop selling vacation intervals, is it still a timeshare?" Because God knows they had the inventory. Then, then, the Courts accepts that they have to reduce the number of buildings because ... too much inventory, like it's not the result of Northmont's actions. Well, Northmont stopped sales. That's what happens when you operate a #NAFR and fully 75% of the Leasees choose to pay-to-leave or not pay at all.
I can see Loo and Fitzpatrick eating salads in their chambers saying,
"25% chose to stay that sounds like it's a decent place."
"Oh, unhuh, we stayed at this place last summer that had a four-star rating on Tripadvisor and it was crap. So, you can't really tell by percentages and numbers and such."
"Oh ya, that Kirk fella he looks like he didn't have any friends I feel kinda bad for him."
"I hear ya, he is an accountant you know. They're good with those numbers and that long-division."
"Lordy, I had trouble with that in school. Good thing Daddy was tight with the former Premier or who knows what I'd be doing now."
"You'd probably be staying in some shabby timeshare."
...both laugh.
And, and, why did the Courts not scrutinize the overall behaviour of Northmont and their failures to comply with the Bankruptcy provisions? Don't know, well, neither do I.