Regina | Capital Pointe | 29F | 11F | 91M | ?M | Cancelled - Page 30

someguy · #**581** Posted **Aug 10, 2011, 2:47 PM**

Quote:

Originally Posted by Treesplease

Is there a parking lot thread on this board anywhere? Might be more action there than the construction thread.

I think the new downtown plan for the city eliminates ground level parking as a land use in the downtown. I am doubtful that a parking lot would even be allowed.

Trinity Wealth · #**582** Posted **Aug 12, 2011, 7:05 PM**

INVESTMENT PRESENTATION:

Tuesday August 16, 2011
Radisson Hotel
Saskatchewan Suite
7:00 p.m.

Seating is limited, please confirm your attendance:
306-545-7888 or [email protected]

All the players will be there. Come and hear the latest news!

Migs · #**583** Posted **Aug 12, 2011, 8:35 PM**

Quote:

Originally Posted by Trinity Wealth

INVESTMENT PRESENTATION:

Tuesday August 16, 2011
Radisson Hotel
Saskatchewan Suite
7:00 p.m.

Seating is limited, please confirm your attendance:
306-545-7888 or [email protected]

All the players will be there. Come and hear the latest news!

I assume this will be good news?

jlousa · #**584** Posted **Aug 12, 2011, 8:54 PM**

Pretty sure it's unrelated spam, waiting for a local mod to look into it.

Trinity Wealth · #**585** Posted **Aug 12, 2011, 9:50 PM**

Good news, yes! The new OM was finalized August 10th and now we are ready to move forward...again. I thought you may want to know about the presentation since there has been so much speculation on this thread.

Migs · #**586** Posted **Aug 12, 2011, 11:17 PM**

Quote:

Originally Posted by Trinity Wealth

Good news, yes! The new OM was finalized August 10th and now we are ready to move forward...again. I thought you may want to know about the presentation since there has been so much speculation on this thread.

Excellent news, looking forward to hearing more.

radam_22 · #**587** Posted **Aug 13, 2011, 12:22 AM**

Quote:

Originally Posted by Trinity Wealth

Good news, yes! The new OM was finalized August 10th and now we are ready to move forward...again. I thought you may want to know about the presentation since there has been so much speculation on this thread.

What is an "OM" ?

BrannyMuffin · #**588** Posted **Aug 17, 2011, 3:25 AM**

Quote:

Originally Posted by Trinity Wealth

INVESTMENT PRESENTATION:

Tuesday August 16, 2011
Radisson Hotel
Saskatchewan Suite
7:00 p.m.

Seating is limited, please confirm your attendance:
306-545-7888 or [email protected]

All the players will be there. Come and hear the latest news!

Did anyone go?

jlousa · #**589** Posted **Aug 17, 2011, 3:32 AM**

Still believe it has nothing to do with the project and is just spam trying to get people to go to an investment seminar. Anyone want to prove me wrong?

CGY · #**590** Posted **Aug 17, 2011, 3:43 AM**

OM stands for "offering memorandum" I believe. It can be described as a presentation given to investors, which I'm guessing this may be.

brithgob · #**591** Posted **Aug 17, 2011, 4:07 AM**

I believe I saw somewhere that they are selling shares in the project to individual investors.

osmo · #**592** Posted **Aug 17, 2011, 5:47 AM**

Quote:

Originally Posted by brithgob

I believe I saw somewhere that they are selling shares in the project to individual investors.

Uh oh.

BrannyMuffin · #**593** Posted **Aug 17, 2011, 5:55 AM**

Quote:

Originally Posted by brithgob

I believe I saw somewhere that they are selling shares in the project to individual investors.

Yeah, it was earlier in this thread...

http://www.fortressrealcapital.ca/projects/capital-pointe.php

osmo · #**594** Posted **Aug 17, 2011, 6:40 AM**

What the hell have initial monies been used for ? Maybe I am reading that site wrong. But they need the 12.5M to get things "going" such marketing vehicles (promo, sales center, show suites), while going still having to get to the magic number of 75% of units sold to even start building (which as time passes becomes more and more doubtful as potential buyers loose confidence)? And to do this they are slicing up a pie smaller, when a number of 12.5M could easily be made in the open investment world by high-end investors. ??

With such generous returns why isn't money lining up for this build? These fools @ Brightstar will leave a ugly barren lot in our downtown. Damn them if they can't make this project work.

Maybe somebody can clarify this for me if I'm reading it wrong. ?

MadMax · #**595** Posted **Aug 17, 2011, 6:51 PM**

Quote:

Originally Posted by jlousa

Still believe it has nothing to do with the project and is just spam trying to get people to go to an investment seminar. Anyone want to prove me wrong?

There was an announcement posted on kijiji about it but that's the only advertising I ever saw: http://regina.kijiji.ca/c-community-events-Capital-Pointe-Investment-Seminar-W0QQAdIdZ304502575

This seems to be new also: http://www.youtube.com/watch?v=4b8_4VTn4Xg

It mentions construction is set to begin mid 2012???

TechnicalRecession · #**596** Posted **Aug 17, 2011, 8:12 PM**

Quote:

Originally Posted by brithgob

I believe I saw somewhere that they are selling shares in the project to individual investors.

Yeah that doesn't sound good if it's true. I thought they had the financing all lined up, now they are trying to sell shares to regular Joes?? If that is the case this thing will never happen. Who would invest in something that has continuously missed dates and been poorly managed. You might as well flush your money down the toilet..

brithgob · #**597** Posted **Aug 17, 2011, 10:24 PM**

Quote:

Originally Posted by TechnicalRecession

Yeah that doesn't sound good if it's true. I thought they had the financing all lined up, now they are trying to sell shares to regular Joes?? If that is the case this thing will never happen. Who would invest in something that has continuously missed dates and been poorly managed. You might as well flush your money down the toilet..

You're nothing if not consistent. Do you set alarms so that you can post one second after every reported "deadline" passes?

blacktrojan3921 · #**598** Posted **Aug 17, 2011, 11:03 PM**

I still think that demolition of the plains hotel is going to happen, with Mr. Fiacco pressuring the guys to get the damn project started. xD

Regina Boi · #**599** Posted **Aug 17, 2011, 11:13 PM**

Quote:

Originally Posted by brithgob

You're nothing if not consistent. Do you set alarms so that you can post one second after every reported "deadline" passes?

Don't be such a hater. The developer has missed every deadline they've set. Zero credibility.

DowntownRiderFan · #**600** Posted **Aug 17, 2011, 11:59 PM**

Quote:

Originally Posted by TechnicalRecession

Yeah that doesn't sound good if it's true. I thought they had the financing all lined up, now they are trying to sell shares to regular Joes?? If that is the case this thing will never happen. Who would invest in something that has continuously missed dates and been poorly managed. You might as well flush your money down the toilet..

First, it is not the developer themselves 'selling shares to regular joes'. It appears the developer is getting a mortgage from Fortress Real Capital who then offer investment opportunities to 'regular joes', not shares.

I don't think it is all that uncommon for similar commercial/residential large projects to secure funding in this manner. There is a list of past, current and future projects Fortress Real Capital has done this for. And I know several other investment firms offer similar opportunities (ROI Capital being one).

Your comments about missed dates and poor management are still be valid but I don't see this as a negative towards the project. As for throwing your money down the toilet, there are obvious risks with any investment but the mortgage Fortress would provide the developers appears to be secured with the property as collateral so there is some risk management in place.

I will admit I am far from an expert on how these big construction projects work and could be wrong on my understanding of the above. I have just started looking into some less-than conventional (not stocks, bonds or mutual funds) investment opportunities and was looking at similar products through other companies.