In his letter to investors of 7th January 2012, Liam Collins writes that we were instrumental in preventing a large investment being made in C&G.
At the end of December, 2011, we were contacted by a major-league property investor who was considering putting a very large sum into Castle & Gatehouse and had travelled to Newcastle to visit the C&G team. Before talking to us, be it noted, he already had some reservations about proceeding: for one thing, he was surprised Liam Collins and David Bone Jr were not present as part of the team and also that the company had no proper offices. He was concerned to check that what we were writing on the Blog was accurate. He researched it thoroughly himself and found that it was, and was therefore disinclined to invest in C&G.
This man knows how to calculate and assess probable profits; he established that any deal involving a rolling investment of up to £20m in C&G, where the investor has ownership of the properties, would not be able to generate sufficient surplus to repay investors in previous failed ventures, where the debts amounted to £2m.
Here we note that this sum of £20m has never been given to or secured by Castle & Gatehouse, despite being frequently mentioned in their literature and on their website, no doubt by way of impressing potential investors. (See documentation below, second paragraph).
At the end of December, 2011, we were contacted by a major-league property investor who was considering putting a very large sum into Castle & Gatehouse and had travelled to Newcastle to visit the C&G team. Before talking to us, be it noted, he already had some reservations about proceeding: for one thing, he was surprised Liam Collins and David Bone Jr were not present as part of the team and also that the company had no proper offices. He was concerned to check that what we were writing on the Blog was accurate. He researched it thoroughly himself and found that it was, and was therefore disinclined to invest in C&G.
This man knows how to calculate and assess probable profits; he established that any deal involving a rolling investment of up to £20m in C&G, where the investor has ownership of the properties, would not be able to generate sufficient surplus to repay investors in previous failed ventures, where the debts amounted to £2m.
Here we note that this sum of £20m has never been given to or secured by Castle & Gatehouse, despite being frequently mentioned in their literature and on their website, no doubt by way of impressing potential investors. (See documentation below, second paragraph).
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