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Roberto
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| Quote: | Originally posted by Minnow
The flags go up when you see citygroup. Defiantly a play on Citigroup. Intended to deceive potential investors. |
Or, a typo.
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bajalou
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might be a typo - there are several in the post.
A month or two ago there were posts regarding CitiGroup investing there.
[Edited on 9-27-2007 by bajalou]
No Bad Days
\"Never argue with an idiot. People watching may not be able to tell the difference\"
\"The trouble with doing nothing is - how do I know when I\'m done?\"
Nomad Baja Interactive map
And in the San Felipe area - check out Valle Chico area |
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backninedan
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I think you may be right Lou. They list the company as CPI and that is Citigroup.
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Minnow
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I believe I have seen it spelled that way before in LB's sales literature.
Proud husband of a legal immigrant.
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tripledigitken
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If this is such a great development I wonder why the owners have bailed out?
Could be the lack of water, power, etc. that many here have been writing about. I would venture to say that the most money to be made here has been
made, and those with it have moved on to someplace else. Surprize, surprize!
Someone want to buy a $400,000 condo, with no golf course, marina, disco's, outlet malls, and Hummer rentals? "By the way that equity loan you
wanted for that Mexican second home, is now 9% and you can only qualify for $175,000."
It's going to be interesting to see what happens next.
Ken
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Al G
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Mood: Wondering what is next???
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You are right Minnow...any company that that finds it necessary to use a name Knock-off is already committed to deception.
That was not the main reason in this case...only the next step to break all promises and have deniable. look people we are new company and we
will screw you in the back door
It would surprise me if any of you believe they would do anything they promised...a desal plant...
They saw a way to screw the community and took it. Say good-bye to you water Loreto...
Albert G
Remember, if you haven\'t got a smile on your face and laughter in your heart, then you are just a sour old fart!....
The most precious thing we have is life, yet it has absolutely no trade-in value.
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Minnow
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Ken, One
only needed to take a trip to Puerto Escondido to see what is going to happen next. I wonder if LB took prospective clients there before they
bought.
I will lay dollars to donuts that in 5 years you will be able to pick up one of those houses for less than half of what the first owner bought it for.
Proud husband of a legal immigrant.
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Roberto
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Guys, before you go off the deep end with this Citygroup thing, check this:
http://www.loretobay.com/cms/page1236.cfm
and
http://www.google.com/search?hl=en&q=citigroup+property+...
It's a typo (and not the only one) in the reproduced letter above.
[Edited on 9-27-2007 by Roberto]
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Minnow
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Roberto, I have never seen a typo on any of my citigroup statements. They are
always professional, and I know who to call it I have a problem. Besides, they can throw all the money at it they want. Ain't gonna happen. You
have been there?
I am speaking from a purely financial perspective. Throw in the old hippies, and that is a completely different can of worms.
[Edited on 27-9-2007 by Minnow]
Proud husband of a legal immigrant.
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bajalou
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Looks like the poster's typo, not CitiGroup's
No Bad Days
\"Never argue with an idiot. People watching may not be able to tell the difference\"
\"The trouble with doing nothing is - how do I know when I\'m done?\"
Nomad Baja Interactive map
And in the San Felipe area - check out Valle Chico area |
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Minnow
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Lou, Petunia must be OldHippies' evil twin.
Proud husband of a legal immigrant.
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Petunia
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Sorry, boys! it is a typo! My fault! The letter say "Citigroup Property Investor" . Typing too fast, I guess
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tripledigitken
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With all due respect Roberto, does anything in that glossy brochure from LB, make you feel this project has more of a chance of success now?
The part that says that Citigroup has committed $50 billion over 10 years to address global warming should be enough for any investor of Citigroup to
sell stock or short it. (Unless that means they are going to retrofit the LB homes on poles ala South Carolina.)
Frankly all their published sales brochures have turned me off from the begining. IMHO Loreto will never be another Cabo or Cancun.
And yes Minnow some deals will be had for those first houses.
Ken
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Al G
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Mood: Wondering what is next???
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Roberto...that changes nothing...LB has been repossed and the bank will bail out at the best price point.
They will not put up the money to develop...they are not developers.
They will only finish sold houses...the can of worms will not change...
Albert G
Remember, if you haven\'t got a smile on your face and laughter in your heart, then you are just a sour old fart!....
The most precious thing we have is life, yet it has absolutely no trade-in value.
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Minnow
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No dude, stick to your never ending rehashing of the same old crap that takes 2 minutes to load.
This one is much better. It is full of quick whittled comments and misinformation.
What does yours got? Facts?
If I want that I will check out Fox news.
Proud husband of a legal immigrant.
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edinnopolo
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Petunia is a friend of mine and the letter she posted is the one I was referring to in my previous post.
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oldhippie
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haha, that's pretty funny! Fox news, hohoho.
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oldhippie
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for the baitfish still using dial-up:
SDE Business Partnering to Provide MRO Services for Loreto Bay Sustainable Development Project
Development Project Employs Sustainability Principles to Protect and
Enhance the Natural Environment
DETROIT, Sept. 25 /PRNewswire/ -- SDE Business Partnering (SDE), a
Detroit-based minority-owned provider of labor, MRO integrated services,
program management and vendor management services, has been awarded a
multi- year contract to manage the procurement, materials management, and
logistics services for the Loreto Bay Company. SDE will oversee all
purchasing, vendor management, inbound logistics, receiving, material
handling, warehousing, and disbursement for the sustainable development
project in Baja California Sur, Mexico.
"This is an exciting award for SDE on many levels," said Earle
Steinberg, SDE president, Construction/MRO. "This marks our first
sustainable development project and we look forward to following the
sustainability principles in every aspect of our work. This adds a unique
element to procurement, as well -- we will only seek out vendors who are
equally committed to the sustainability principles in an effort to protect
and enhance the Loreto Bay environment."
Loreto Bay, a $3 billion project to develop a series of romantic,
walkable seaside villages, will be the largest resort community in North
America committed to the principles of sustainable development and New
Urbanism. Loreto Bay will follow three important sustainability principles:
harvest more potable water than it consumes; create, through solar or wind
power, more energy than it uses; and enhance the habitat and nurture the
bio-diversity of the land it occupies. In addition, the new community will
foster economic opportunities for the region in the form of housing,
planning and training, as well as the creation of jobs and business
enterprises for the local community.
SDE will staff 21 management and purchasing positions in Loreto Bay,
all of which will be filled with Mexican American or Mexican citizens. In
addition to 15-20 years of professional experience in procurement and
logistics, every employee is required to speak fluent English and Spanish.
"We expect SDE to help us solve many of the procurement and logistics
problems that come with a sustainable development such as ours in a
relatively less developed location such as Loreto Bay," said Tom Nolan,
chief financial officer, the Loreto Bay Company.
"This is a truly dynamic development project and we're excited to be a
part of it," said Steinberg. "We have worked very hard to create a client-
driven model that brings additional procurement and project management
expertise to the projects we support. This award proves SDE's commitment to
its industry-leading MRO program and illustrates our dedication to deliver
truly exceptional value for our customers. We look forward to bringing this
expertise to other construction projects in the future."
About SDE Business Partnering
Headquartered in Detroit, SDE Business Partnering is a minority-owned
and operated custom services integrator in procurement, materials
management, logistics in staffing, serving customers in the automotive,
construction, education, and other industries.
About Loreto Bay
Loreto is located approximately 700 miles south of San Diego along the
Sea of Cortes in Baja California Sur. The $3 billion development project,
which will be built over ten years, will create a town of approximately
6,000 homes in pedestrian-oriented, car-free neighborhoods with the use of
bicycles and electric cars as primary transportation. The project includes
development of a world-class Beach Club and Spa, Golf Club, plus space for
retail, entertainment, artisans' village and recreational facilities. Of
the 8,000 acres encompassed in the master plan, 5,000 acres will be
maintained as a natural "green lands" preserve. This area will have trails
for hiking, cycling and horseback riding, plus areas for organic farming
and orchards.
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bajalou
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CitiGroup is NOT CitiBank although under the same umbrella company. CitiGroup gets private investors together for projects. Not risking the bank's
money, only the investors.
No Bad Days
\"Never argue with an idiot. People watching may not be able to tell the difference\"
\"The trouble with doing nothing is - how do I know when I\'m done?\"
Nomad Baja Interactive map
And in the San Felipe area - check out Valle Chico area |
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Roberto
Banned
Posts: 2162
Registered: 9-5-2003
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| Quote: | Originally posted by Al G
Roberto...that changes nothing...
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Reading comprehension ... a wonderful thing.
It changes everything when it comes to the statement I was adressing,
| Quote: |
The flags go up when you see citygroup. Defiantly a play on Citigroup. Intended to deceive potential investors. |
I pointed to the "glossy brochure" as a reference to the fact that they have always said it's Citigroup that it's their partner.
I'm not touching the rest of the letter with a ten foot pole.
1. I don't care.
2. It would be useless with this group.
Is that clear enough?
Minnow, does that put me in the category of posters who have nothing to share and are curmudgeons? (that's the correct spelling, by the way, DK told
me so). 
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