beerguy

thanks........

so do you drink at the blues company?

Can someone let me know when the CoCo Blues company shuts down?

What about CoCo's main office above the China House, closed?

Are these already shut down?

The links for them are not working.....

No one answers any phones at any of their companies, did they finally file bankruptcy?

stay away from anything related to them for the forseeable future..........

They may have written the book, but their investors will write their final chapter!

stealth is always the best way to get your revenge..............

Heard recently that the investors where coming to Samui to treat Alan and Bruce to a beatdown ?

To many investors have gone to Samui and seen them in the Blues Bar acting so smug like everything is no problem and decided it's time to get them to take a more serious approach to the situation.

Their attitude to the situation has begun to infuriate people to point of taking the situation into their own hands.

It appears the financing has been resolved and building should start up once again by the end of the month.

Oh, I surely hope so......................

Hi to everyone on this forum - i have only just come across it.

I have been involved with the project as an investor (idiot maybe.) from almost the very beginning. I am now no longer based in Asia so tracking what is going on is difficult to sday the least.

I would share my knowledge / experience of the matter as follows:

1. If CoCo was going bankrupt then there is nothing all of us can do about it..the money has already gone!

2. Contract law is almost not worth the paper it is written on ( I see that know!) . If you try to sue for breach of contract - technically you will be correct but the lawyers could drag this process out for years by which time you will have spent more than you invested and there will be nothing left in the CoCO kitty if you win.

3. I thankfully used Bangkok lawyers to assist me and as a result am in a stronger position than most.

4. The Palm Villas project is a nightmare for all sides now. The deposit money has been blown on other futile businesses and now that the land separation issue has all but ground to a halt there is a real problem with how that will be addressed by CoCO going forwards. Pretty much investors have no legal asset right now.

5. Is COCO going bangkrupt. I hope not and I dont think so. I believe that the 2 figure head gentlemen will play less of a (incompetant) role and that some other people are calling the shots and looking to salvage a dire situation.

6. I believe some financing may be around the corner and that asset sales will hopefully allow building to restart and the project to be finished.

My dream too has been spoilt and it leaves a very bad taste in my mouth - even if it become finished.

I would be careful slinging accusations like the money was spent on other ventures. If you in fact have a Bangkok lawyer he will have shown you evidence that this was not the case as pointed out in a fairly recent audit of their books.

As far as financing being around the corner.........it's been around the corner for two years even though this concept was originally floated as a self-financed project that didn't need the monies of its investors.

Would love to see this project finished as it would be a great value for money as I've said in the past, however, I personally don't hold to much hope in that happening and am moving on to other properties elsewhere in the world as Thailand is in a difficult position as a whole with their new government.......

reply returned.......

Charma, sorry but although I have gotten many pm's I haven't gotten yours.

I'll try pm to you.

Beamer, I went the leasehold route and saw the villas very recently.

No, unable to get any answers but preparing for plan B

I'm in for about 3m baht at this point......Looking into a lawsuit as we speak.....

Worst excuse for an aprils fool day joke I've ever heard.......

I need hard answers not jokes !

I agree with you, it was the people at the exhibitions I was referring to....

I'm sure some triad (and yakuza money from their japanese clients) was involved.

Sadly I haven't been able to find out the truth regarding bankruptcy or not.

Don't know what else to do at this point but wait. I haven't been able to find a website for bankruptcy listings and no one here seems to know Alan, Bruce etc or at least they haven't answered my request.

Still hope things work out for CoCo as we really like Samui and the Villas they have already built.

I'm told that due to the company structure and lack of assets, there is not much one can do against this company (legally). I was advised to seek other methods......

Does anuone know of a website or a contact for bankruptcy listings on Samui so I can try and verify if in fact they are filing ?

Thanks in advance!

Thanks goldfish, at least it's a suggestion....

Because I thought maybe that I could get them (anyone that knows them personally) to privately email me to discuss this issue........

Does anyone here know Alan, Bruce, Paul or any of the other principals personally?

That's plan B