Conversation Between DC Skeptic and jyc
Showing Visitor Messages 1 to 2 of 2
-
I think the new management gets the financial model much better. Whether they have solved it is a different issue. If you saw some of my other posts, timely financial disclosure is one of my issues. I just am no longer willing to take it on faith; too much can go wrong. I would be very concerned about how heavily they are discounting the new club. Why do they do it? It reinforces my cash crunch concerns. I am also uder the impression management feels the new club has more properties than they feel is appropriate for the membership. So my fear was they would just add a bunch of members with no or few additional properties. While this would improve the club's financial footing it would start crowding the reservation calendar. My view was if this played out and people started leaving it would be too late for me to get out. So I put my name in for resignation as a precaution; if I liked what I saw I could always rescind the resignation. I didn't like what I saw and kept going right out the door. If you have concerns I suggest you get on the resignation list while you try to figure things out. Just make sure you have the right to rescind. BTW, 6-9 months liquidity is only long enough to get you out.
-
Hey DC skeptic -
I share many many of your concerns. I'm a member of UE. To be frank, in your view should I be scared and do you think they have a 9-12 month liquidity issue even after the UR merger which I thought brought some more equity to the situation.
Any thoughts appreciated -