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Metro Country Club ? Are they BROKE ??? Metro Country Club ? Are they BROKE ???
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  #1  
Old 06-12-2009, 07:10 PM
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mrweepa1 Level 1 (10)
Default Metro Country Club ? Are they BROKE ???
I have invested in Las Olas and the construction had stopped last September or so. Does any one know if it will ever get going again?
Last edited by mrweepa1; 06-12-2009 at 07:11 PM.. Reason: mispelled
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  #2  
Old 06-12-2009, 07:23 PM
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Matilda Level 6 Matilda Level 6 Matilda Level 6 Matilda Level 6 Matilda Level 6 (452)
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there are lots of rumours going around. i do not participate in rumours but I know 2 facts. Fact 1. A friend of mine sold a large piece of land to metro and they are unable to pay him now. Fact 2. They have liquidated their team of engineers and architects.
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  #3  
Old 06-12-2009, 07:31 PM
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mrweepa1 Level 1 (10)
Default MCC- Las olas
OK, Thank you. I ghess it will sit until someone wants to develop the properties.
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  #4  
Old 06-13-2009, 02:01 PM
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niopo Level 1 (10)
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It looks like they're using the money from Las Olas to finish Marbella. Asilis is trying to get $30million to finish his projects but has no cash whatsoever now.
Apparantely they still owe wages and commissions to laid of employees for more than 6 months. They're in bad shape!!!!!!!!!!!!!!!!!
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  #5  
Old 06-13-2009, 04:17 PM
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Hillbilly Level 8 Hillbilly Level 8 Hillbilly Level 8 Hillbilly Level 8 Hillbilly Level 8 Hillbilly Level 8 Hillbilly Level 8 (705)
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Article in today's Sociedad section of Listin Diario...Asilis, Ankron and people..

HB
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  #6  
Old 06-13-2009, 08:53 PM
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Celt202 Level 8 Celt202 Level 8 Celt202 Level 8 Celt202 Level 8 Celt202 Level 8 Celt202 Level 8 Celt202 Level 8 (719)
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Can SteveG put a shine on this sneaker? Is mikey007 available as a straight man?
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  #7  
Old 06-14-2009, 11:25 AM
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frank recktenwald Level 2 frank recktenwald Level 2 (147)
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Quote:
Originally Posted by Hillbilly View Post
Article in today's Sociedad section of Listin Diario...Asilis, Ankron and people..

HB
HB, can you enlighten me on what the article was about? Couldn´t get a paper and online there was no mentioning about it.
Thxs
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  #8  
Old 06-14-2009, 10:43 PM
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Hillbilly Level 8 Hillbilly Level 8 Hillbilly Level 8 Hillbilly Level 8 Hillbilly Level 8 Hillbilly Level 8 Hillbilly Level 8 (705)
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Quote:
Originally Posted by frank recktenwald View Post
HB, can you enlighten me on what the article was about? Couldn´t get a paper and online there was no mentioning about it.
Thxs

Sure. It says

León Bond emission for Las Olas Project

Metro Country Club and Valores Leon presented the emission of corporate bonds for a value of $16 million dollars for financing the Las Olas project. The event took place in the corporate offices of Metro Group Real Estate. During the event, the director of Business of Valores Leon, Manuel Castillo and Carlos Cortina, executive Vice-president of the group presented the description of the emission.
They pointed out, moreover, the details and the advantages that the financial instruments offered, as well as their structure and principle characteristics.

It also named the folks in the six pictures..Asilis, Ankrom etc


HB
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  #9  
Old 06-15-2009, 10:32 AM
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frank recktenwald Level 2 frank recktenwald Level 2 (147)
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Quote:
Originally Posted by Hillbilly View Post
Sure. It says

León Bond emission for Las Olas Project

Metro Country Club and Valores Leon presented the emission of corporate bonds for a value of $16 million dollars for financing the Las Olas project. The event took place in the corporate offices of Metro Group Real Estate. During the event, the director of Business of Valores Leon, Manuel Castillo and Carlos Cortina, executive Vice-president of the group presented the description of the emission.
They pointed out, moreover, the details and the advantages that the financial instruments offered, as well as their structure and principle characteristics.

It also named the folks in the six pictures..Asilis, Ankrom etc


HB
HB, thanks
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  #10  
Old 07-25-2009, 02:51 PM
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mrweepa1 Level 1 (10)
Smile MCC- Las olas
I just wanted to say that I have found out Metro Country club is not broke. There financial standing can be looked at Feller-rate.com.do

Does any one have any photos of Marbella, las Olas Construction ? I would like to know when they will start building again. Thank you.
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