At the 2006 AGM, on the second day when a quorum of members are needed to cast votes, we find out that some way, some how, RRG / TAPRC/ FIP tries to vote the whole Block of 4004 votes.
When questioned by an owner about weeks that were foreclosed on, we find out that there are in fact 558 weeks that had been foreclosed on. AMF's for these 558 weeks are now owed to the PRC by FIP / RRG.
Q#1: Why didn’t Any foreclosed on units go back to the Pelican Resort Club inventory as per contract?
Q#2: We pay huge legal, accounting and independent auditor fees, representatives of which were present at the AGM. Why did no one question FIP’s right to vote these weeks?
Q#3: FIP/ RRG suggests that PRC received enough in rental fees to cover the annual maintenance fees. Wouldn’t it be nice if we could rent out our weeks for that kind of money? MOST OF ALL how come we ended up owing them $3,000,000 when we first hired them, didn't they collect rent to cover the AMF then??? If so where did thet money end up?
Corruption once again? But hey, maybe they just made a simple mistake here??? I'm sure they would like us to believe so, but with all the money that is being spent on lawyers accountants etc.; does a big company like this make such a serious mistake as this... My thought is that they are so bold, they think there are no owners out here watching them... We are here and won't go away anytime soon... I believe our best bet would be to sell the whole resort to a real company let owners get some money back and lets just start all over again. This way owners who wish to stay can and owners tired of all this BS could move on!
The History of the Pelican Resort Club, St.Maarten
The main goal of this site will be to keep owners informed of past and future events of the resort. More sites – links and comments will follow so be sure to check back often. I have tried really hard to be factual on the events posted below. I ask all of you to help keep me straight on these issues below and what issues may follow. In all fairness I had given up on Pelican just after the take over by RRG in the way of the voting rights they are in possession of. I had hoped they would do the right thing and listen to what owners wanted. After ten years we are no better off then we were since first hiring RRG. In my opinion we are heading for another bankruptcy. History is repeating itself if one would only open their eyes to see. Is it greed and or corruption at foot here, I can’t say for sure. Let me ask you this if I may? At the Annual General Meeting of last Dec 2006 with 2 lawyers, accounting firm, RRG, TAPRC and Judy Young present they in fact tried to use the 508 FIP votes of units in default. Had they used any of these same-defaulted on unit votes any prior years? Now that has to make some of you wonder – just who is looking out for us owners? I don’t just make this stuff up. This type of thing has been going on since day 1. Just look up St.Maarten on the U.S. Department of State. They warn of a large number of complaints about misuse of maintenance fees. Is this true, I think we need to find out. Lets all help each other in getting to the truth here.
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Sunday, June 10, 2007
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