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Recent Destination Club News

no comment.

what would AK/m/ee/hideaways propose, as equity..? very curious.

interesting EE lonestar is $1.5mm>$2.5mm (m/hideaways) and 8-10 properties with 50 full memberships (rocksure's first 2 funds)
(although they list 12 targeted destinations)
clearly biggest question is how reciprocity works.

do we really need the personal stuff?
 
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ClubsRDead said:
but like everyone else, they want to wait for the BK so all the stuff can be dealt with. No one will want to bite the debt apple on this mess.
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One of the reasons why I thought this would be attractive to an acquirer before Chapter 11 is the tax loss carryforwards. As of Q2, there was an accumulated deficit of $81.6 million. That's $30-35 million in value right there for a company that can see the club eventually turning a profit under THEIR watch. I thought -- and hopefully a tax expert here can clear it up -- that a bankruptcy reorganization would wipe that away.
 
wilkes591 said:
You are getting pennies for dollars. Not everyone, paid huge deposits to join the club as you will see in the filing. So some decisions are based on different circumstances then yours.
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Would love to address this falacy....will at another time
 
wilkes591 said:
The legal outcome was posted many moons ago. I guess that was his "BIG NEWS", If I recall from the old forum, BestHC had health issues and could not travel anymore, at least he got part of their money back. Good for them!

What is the benefit of coming around now and posting? Perhaps he does not realize the majority of UE members did not post large deposits and basically travel for dues only. I think the reason and what he is posting is obvious from the post. Some people like to throw salt in wounds or gasoline on a fire. Others just think they are smarter then everyone else, with out realizing the facts. Evryone has reason for posting here and they are not very hard to figure out.

Anyway, who cares. I do not. Great for him, I hope he is happy. My only interest is the outcome of my planned vacations coming up and achieving that with the least amount of out of pocket money to me and the most enjoyment.

If there is any information in regards to that, I thank you for the Info and help!

Best of luck to ALL!
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LOL Health issues.....share your stash
 
Torn and Frayed said:
As an old poster from the former independent forum, I believe that it would be in everyone's best interests (including that of BestHCs'-are you listening?) if BestHC cultivated another hobby other than wasting his time posting on this forum. Hey, but what the heck do I know? ;)
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Yah Yah you made your point......OK I'll stop but these people deserve....
 
www.ultimatemembers.org

I understand that this web site is now active.

www.ultimatemembers.org

This is a web site that has been used twice previously (during the T&H bankruptcy and the assessment process) for members (and, one assumes, others) to communicate.

It is certainly NOT at all a "commercial enterprise", as the originator simply pays the very modest costs himself and has the tech background to make it work.

If it is OK to post here the email address of a group of UE members trying to get organized, I certainly would assume it is OK to post this URL. I also would hope that the moderator here at TUG will understand that the UE members, many from T&H and once again about to lose $$$ millions in dues and deposits, would like to have a place to communicate on many topics.

Please leave this info available here so others can find it.
 
Kagehitokiri2 said:
i hear from good source that in addition to Q and ER there is one other DC, and one other company.
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That's awesome news, if true. I think the best thing would be a non-DC buyer. With a capital infusion, new management, realistic cost structure, and perhaps even a new brand, UE can work.

ER's name is obviously interesting. Maybe Case is eyeing this as a way to go public by acquiring a smaller public shell of a club. This happened a couple of years ago when NYSE Group combined with publicly traded Archipelago to go public (and NYSE got most of the stock).

Either way, the more interested parties the better for us, regardless if something gets done pre or post bankruptcy.
 
Q made an offer today to the members - or most of them. Collecting the details, my email just arrived...
 
There's nothing from Q in my inbox.

It may have gone out to only Elite or maybe T&H members, but as a PE Legacy Signature, my inbox and Spam inbox didn't catch it.

Is the offering being done in cahoots with UE, like when Q would pay Lusso for everybody who signed up if a certain amount did? Didn't that offer go out AFTER the bankruptcy filing. I find it odd that UE would do this when there are still, reportedly, other interested parties out there.
 
Q offer

given some questions/comments i received from UE including requesting a copy which I declined to send to them I'm pretty sure they were not involved or authorizing this....I suspect someone has a member list but maybe it was incomplete (or only people that converted or something). I have no idea but I know I'm signature and received it and I know other signature members also received it and also Elite members that came over from PE. Do you feel left out Desties?
 
willmyclubmakeit said:
Do you feel left out Desties?
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If Q is still demanding that folks on the resignation list for years continue to pay the escalating dues, it's not going to sway me one bit -- though I hate being the last kid picked in the sandlot.
 
not private

Heck yes people at UE and people that used to be at UE and probably others that are making or considering offers are monitoring this. This is NOT private but a public bulletin board and I personally have received responses from many at UE and former UE "employees" about postings so they are surely reading this stuff.
 
willmyclubmakeit said:
Do you feel left out Desties?
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I don't know if UE approved it or not, but somehow Q got our names, info, club levels, etc. Don't feel left out.

If anyone just wants to send me $50k, I promise I will in 5 years give you back all sorts of money based on figures and dollars that I don't have at some arbitrary percentage. Isn't this how a good portion of us got into this problem in the first place - paying to prop up an unsupportable deal?

Just drop your money off behind the brick building tonight after sundown...
 
Isn't this a pretty strong indication that Q was the suitor that had been negotiating with UE for six months, went through the due diligence process with, etc. as discussed in the filings? I assume that they would have access to all of that member information in that case. However, assuming good counsel, you'd think the NDA paperwork would also prevent them from using proprietary information to their benefit.

As I speculated previously, it also may explain why UE was not making the most significant cost cuts until immediately before the "crisis" (presumably because they thought they had a deal).

Do fill us in on the offer, crd or wmcmi? I'd be curious if it's similar to the Lusso offer. Also, would be curious what EOD and Scifrog think?
 
TarheelTraveler said:
Isn't this a pretty strong indication that Q was the suitor that had been negotiating with UE for six months, went through the due diligence process with, etc. as discussed in the filings? I assume that they would have access to all of that member information in that case. However, assuming good counsel, you'd think the NDA paperwork would also prevent them from using proprietary information to their benefit.

As I speculated previously, it also may explain why UE was not making the most significant cost cuts until immediately before the "crisis" (presumably because they thought they had a deal).
Click to expand...

And then JT overplayed his hand, wanting an employment contract and assumption of his loan?
 
I doubt JT is involved with the offer. Just doesn't seem to fix enough of his issues....I would love to count him out, but this guy has more lives then a cat...
 
AKTHUE said:
Is UE monitoring this forum?
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Within hours of exposing their purchase of DC4Ms, the DC4Ms site was completely down, no longer pretending to be down temporarily for improvements (as the landing page message read for, what, 8 months?). I'm not surprised they are keeping close tabs of this forum now, but that was before the sh**storm over the last 7 days. So I'd guess that they spend an inordinate amount of time monitoring what is said, and maybe even by whom...:ponder:

With that in mind, I'd just like to say that I think JT is a standup, straight-dealing, selfless man with the scruples of a nun. Honest as the come. Really.:)
 
Best laugh I had all week.Thank you. Surprised you could type AND pull the knife out of your back at the same time. Very talented I must say.
 
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