Good Evening:
I must say that I'm a little disappointed with some of the "bashing" I've read on this site, but I'll begin with telling you a little about me my story with this company.
Me: I'm an investor with offices in midtown Manhattan, I reside in Manhattan and on the south fork of Long Island, I'm in my upper 30's and look for various opportunities in real estate, merchant banking, deal syndication etc.
First of all this company/opportunity was given to me TODAY at about 11:00AM Eastern time, since that time we have determined the following to be true:
THE GOOD:
1) The product is real, we have had direct contact with one individual that was involved with the testing of the product, this blog actually helped us validate the product.
2) I have a sample in my possession and it looks good, there is no question that there is potential here.
3) There are several factories UP AND RUNNING, this blog mentioned the factory in Arizona, I am familiar with the hedge fund that funded that deal and they ARE HAPPY.
THE BAD:
1) Market Conditions: This is obvious, growth and development has come to a stand still so any product that will be fueled by new construction has issues.
2) Competition: With all of the issues out there the value in being "first to market" could be effected, other similar products (and they are out there) could gain momentum with proper funding and guidence.
THE UGLY:
1) Eric's issues (his past)
2) Issues with Eric and Vincent
3) Pending litigation
I think Its important to separate fact from fiction, there have been several statement that can't be confirmed and several statement that are simply false:
1) FBI investigation, if this is in fact accurate what field office is involved? who is the agent in charge? and how did you come across this information.
2) 50-100% returns: The general population has been conditioned to think that 8% is a good return and it may be depending on the circumstances around it but if you think that 50-100% returns aren't real I suggest you review the Forbes 400 list the overwhelming majority of the people there are quite comfortable with cash on cash returns in the 1000's. I have a great lifestyle that did NOT come from 8% returns.
3) Most don't use there own money the OPM game is everything, so because someone made 60MM in the 90's doesn't mean anything, I don't (usually) put a penny of my own money in my deals for one simple reason, I don't have to.
4) Ponzi Scheme: It's obvious that most people that have posted don't understand what a ponzi scheme is, I would suggest that you do 10 minutes of homework and educate yourself. Madoff has made the term "Ponzi Scheme" fashionable and because of this the term is often used improperly.
5) WHAT IS THE SCAM THAT PEOPLE ARE REPORTING HERE? I cant seem to find a scam and if there is one please post documentation. Scams are crimes has anyone been arrested? The only thing I can say with certainty is that there are "upset" investors, and thats fine (if I lost money I'd be upset too), but I don't see a scam, crime or ponzi
This appears to be an interesting opportunity with a lot of hair on it, in all likelihood my group wont get involved, but I will meet with Eric and give it a shot. There is some advise I'd like to offer to some of the "emotional" authors out there and thats that COOL HEADS PREVAIL.
If anyone has any fact please send me a message and I will reply with my contact information and be happy to assist you in any way possible.
Thanks,
Jon
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