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Originally Posted by Satellite101w
I too have money in the Project. Mine is in a self directed IRA and I have yet to receive a payment. My contact there was a guy named Bill who is seemingly incapable of returning phone calls. The office was closed today for some strange reason, but I was able to get in touch with a guy named John Shelling. There is going to be a teleconf on Wed this week at 2030 EST to discuss the lack of payments and state of the business (or so I am told). If you have questions or would like to join me on this call, get in touch with John at 423 504 2103. He can provide you with the phone# and access code. I'm pissed too and if I can get out, I am. If looks like a duck, walks like a duck and quacks like a duck... I have reason to believe they are too close to margin with their sub-par traders and need the 90 days to roll up their sleeves and make some money. That's just not good enough for me. I know he buys his guys houses and they really live high on the hog with our money, but are now unable to uphold their end of the bargain. I was also told I'd get a signed promissory note from Luis...and guess what...I didn't.
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Luis makes a good impression and I am suprised at the turn of events. I would like to know what is going on. You guys also seem reliable. It sounds like bad management, reliance on untrained-untested subordinates, and less on foul play. However, when I hear he is buying houses for idiots with investors money and those same idiots are losing money on trades that moves the needle closer to foul play. How do you know this is really happening?