Punta Perla Sales has now been re-branded and is now known as Emerging Earth, for those that didn`t already know. They are now no longer exclusive to Punta Perla which I`m sure also means there participation here will be less than before and there focus will be directed elsewhere. I am by no means suggesting they are not as keen as us to see this development started, but when you have another project to get underway and new properties to sell, the urgency may not be what it was 6 months ago.
They are merely the sales force in this project with little or no say in the developers plan. The developer is responsible for providing investors that have parted with hundreds of millions of pounds with explanations as to what is happening and there hasn`t been jack. This is what really disappoints me and something that concerns me for the future. It`s the worst business ethic that can be applied and leads to much discontent, and lets face it, there has been no word in nearly 3 years so lets not expect photos or updates or statements or anything else that is relevant here, after all, we`re only investors, we don`t matter, we`ve paid our money, signed our contract, and that`s as much as we need to have done and to know.
I think we all know what is expected in 2008, these next few months will confirm the reality of this project and if nothing happens I certainly know what I will be doing.