Regina | Capital Pointe | 29F | 11F | 91M | ?M | Cancelled

[Treesplease]

Originally Posted by Joe Kerr

Hmmmmm, well this quote from the article is interesting....

"In any event, Westgate is not legally obligated to return the deposits, Black added."

Now why would he say that? To instill a sense of confidence in the people who have made deposits? Well, I guess you pay your money, you take your chances.

Read more: http://www.leaderpost.com/business/Capit...g+Black/5373641/story.html#ixzz1XPxyAa8D

My thoughts exactly - what kind of turrets moment was that? Even if that is the case, I would not, as the VP of blah blah blah and communications, address that question in that way, even if asked directly. Keep your eye on the ball in terms of the other 89 units that need to be sold and the more sold before construction starts the better. Unless they secured financing from a wealthy benefactor with deep pockets that eliminates the need for conventional financing - they don't make things easy on themselves.