Gary Posted December 11, 2019 Share Posted December 11, 2019 3 hours ago, Jambo said: As quite a high profile individual in Pattaya, I am sure Tommy has got a lot more common sense than to repond to your request. Reporting known facts is one thing. Contributing to rumour and inuendo is something completely different and potentually somewhat dangerous. I am going somewhat off topic and my next comment is by no means directed at your goodself but why do some forum members think they have a right to know the confidential dealings of a business they have absolutely no involvement? I have not heard any rumors but I did venture my opinion here that I believed it to be a risky scheme when it first started. I like to think that it may cause potential investors to look at it carefully and determine if the scheme is even financially viable. If something looks too good to be true, it likely is not true.Why would they want private investors when bank interest is cheaper? Link to comment Share on other sites More sharing options...
JDM Posted December 11, 2019 Share Posted December 11, 2019 15 hours ago, tommy dee said: as a a so called local media bloke, unless u can show me concrete evidence that this is any more than hearsay, than I would respecrtfulyl suggest u get back to the laundry matey. no media reports on gossip, especially here. IMHO this thread has got the wrong end fof the stick anbd it is a completely different group that is having these problems.. but far be it for me to enlighten the overlit en joy " but far be it for me to enlighten the overlit " Thats a knew one for me to hear love it . JDM Link to comment Share on other sites More sharing options...
Lemondropkid Posted December 11, 2019 Share Posted December 11, 2019 5 hours ago, Jambo said: As quite a high profile individual in Pattaya, I am sure Tommy has got a lot more common sense than to repond to your request. Reporting known facts is one thing. Contributing to rumour and inuendo is something completely different and potentually somewhat dangerous. I am going somewhat off topic and my next comment is by no means directed at your goodself but why do some forum members think they have a right to know the confidential dealings of a business they have absolutely no involvement? Fair enough on the first point, I was being mischievous and not really respecting a response. I'd agree also with your second point where the business is an "ordinary" bar, restaurant hotel e.t.c. Just how wound up people used to get over Secrets amazed me-dislike the bar, owner, fair enough, just move on to one of the hundred others. Here though the business is a public facing investment vehicle, in a market with no regulation, and a fair amount of deluded people to sell to. That would seem more than fair game for rumour and innuendo on a forum. Guess I'll have to fork out on airfare and buy Larry a Lipo to get the full story😲 2 Link to comment Share on other sites More sharing options...
Thai Spice Posted December 11, 2019 Share Posted December 11, 2019 On 12/10/2019 at 1:15 AM, KhunDon said: “Guaranteed investment rates” maybe. The disclaimer would put me off straight away. The interesting question, if somebody wants to dig a bit , is how that return of 9,5 % is calculated... The usual "trick" is : - calculated on a close to 100% occupancy rate during the 10 y. Buyer need to check the actual average occupancy rate over the last 3 or 4 y of a similar type of flat, in a similar location. And predictions 10 y in advance ? - calculated on a completely unrealistic rental rate. Make a quick Excell income simulation spreadsheet, play with the numbers and you'll see. I am sure plenty simulators available on the web. Same game goes all over the world, even in the West. The disclaimer is added exactly for that. And in case of LOS, Pattaya (or Phuket) please add in the "local legislation" and "law enforcement" ..... Happy investing ! 1 Link to comment Share on other sites More sharing options...
Jambo Posted December 11, 2019 Share Posted December 11, 2019 1 hour ago, Lemondropkid said: Fair enough on the first point, I was being mischievous and not really respecting a response. I'd agree also with your second point where the business is an "ordinary" bar, restaurant hotel e.t.c. Just how wound up people used to get over Secrets amazed me-dislike the bar, owner, fair enough, just move on to one of the hundred others. Here though the business is a public facing investment vehicle, in a market with no regulation, and a fair amount of deluded people to sell to. That would seem more than fair game for rumour and innuendo on a forum. Guess I'll have to fork out on airfare and buy Larry a Lipo to get the full story😲 Totally agree with you. You expressed my own thoughts exactly just far clearer than I did. 1 Link to comment Share on other sites More sharing options...
Lemondropkid Posted December 11, 2019 Share Posted December 11, 2019 3 minutes ago, Jambo said: Totally agree with you. You expressed my own thoughts exactly just far clearer than I did. How nice 👍- think I can hear strains of Kumbaya My Lord playing in the background 😉 2 Link to comment Share on other sites More sharing options...
tommy dee Posted December 11, 2019 Share Posted December 11, 2019 4 hours ago, Thai Spice said: Maybe to warn / inform some newbies who are not yet really aware of all the pitfalls about "investing" in a 3rd world country ? but to do that properly you would have to be "in the know" which we arent. NN has built and sold most of its properties successfully. i have yet to hear a report of a single invester not getting their dosh, tho my ears may not be what they used to be. so advising your freinds, first get the facts or we all just become bar room lawyers. if i printed every rumour we are fed, i would be bankrupt and inside. instead we have a team that checks facts before adding to the news. guess you need to know more about whats really happening here and not guessing from a neighbouring country. and there is a lot going on here, a real lot. a lot that concerns expats and thais. and much of it affects 2020. but you wont get it from a "mate". I suggest the newpapers as a start :) Link to comment Share on other sites More sharing options...
Skalliwag Posted December 11, 2019 Author Share Posted December 11, 2019 Don’t assume because people aren’t in country they don’t have a direct conduit to what’s happen.You never know who has money invested where,for how long and how much. That internets thing is amazing.Time difference is a fucker sometimes,but Only 9 hours. 1 Link to comment Share on other sites More sharing options...
BarryL Posted December 11, 2019 Share Posted December 11, 2019 pattaya newspapers for news now that is funny 1 Link to comment Share on other sites More sharing options...
tommy dee Posted December 11, 2019 Share Posted December 11, 2019 46 minutes ago, BarryL said: pattaya newspapers for news now that is funny bkk post is pretty fair in reporting and goes the xtra mile, no i agree on pattaya papers ") Link to comment Share on other sites More sharing options...
BarryL Posted December 11, 2019 Share Posted December 11, 2019 39 minutes ago, tommy dee said: bkk post is pretty fair in reporting and goes the xtra mile, no i agree on pattaya papers ") yes bp is ok. Link to comment Share on other sites More sharing options...
misteregg Posted December 12, 2019 Share Posted December 12, 2019 Is New Nordic the Israeli company that Mr Drummond upset? He did not have much polite to say about whichever company it was.No Link to comment Share on other sites More sharing options...
Gary Posted December 12, 2019 Share Posted December 12, 2019 A Som Property rip off. That is just another reason to be very careful. Pattaya area residents and foreigners lose 45 million baht from real estate scammer in Pattaya Link to comment Share on other sites More sharing options...
Stillearly Posted December 12, 2019 Share Posted December 12, 2019 1 minute ago, Gary said: A Som Property rip off. That is just another reason to be very careful. Pattaya area residents and foreigners lose 45 million baht from real estate scammer in Pattaya Do you have a link ? Link to comment Share on other sites More sharing options...
Gary Posted December 12, 2019 Share Posted December 12, 2019 Am I paranoid? I didn't turn loose of the money until the land office had the chanote in my name. Trust is nice but be very careful where it involves money, especially a large amount of money. Link to comment Share on other sites More sharing options...
Gary Posted December 12, 2019 Share Posted December 12, 2019 5 minutes ago, Stillearly said: Do you have a link ? https://thepattayanews.com Link to comment Share on other sites More sharing options...
tommy dee Posted December 12, 2019 Share Posted December 12, 2019 4 hours ago, misteregg said: No no thats the mob that tried to build at bali hai , now beset with pr4obs. NN is owned by nordic owners, and of course the condo owners themselves 1 Link to comment Share on other sites More sharing options...
KWA Posted December 13, 2019 Share Posted December 13, 2019 New Nordic seem to be in bed with the company Emerging Trends who as Emerging Trends Advisors (I think) used to be where The Pagoda Bar is now on Soi Buakhao. I thought they'd gone tits up and were ran out of town but apparently not, or they've changed their name slightly. According to this blog, Emerging Trends' boss also ran lovepattayathailand.com which tried for a while to sell all inclusive holiday packages in Pattaya, but didn't appear to take off. https://bondreview.co.uk/2018/03/06/new-nordic-emerging-trends-re-corp-unregulated-bonds-paying-up-to-7-per-annum/ 1 2 1 Link to comment Share on other sites More sharing options...
tommy dee Posted December 13, 2019 Share Posted December 13, 2019 15 hours ago, KWA said: New Nordic seem to be in bed with the company Emerging Trends who as Emerging Trends Advisors (I think) used to be where The Pagoda Bar is now on Soi Buakhao. I thought they'd gone tits up and were ran out of town but apparently not, or they've changed their name slightly. According to this blog, Emerging Trends' boss also ran lovepattayathailand.com which tried for a while to sell all inclusive holiday packages in Pattaya, but didn't appear to take off. https://bondreview.co.uk/2018/03/06/new-nordic-emerging-trends-re-corp-unregulated-bonds-paying-up-to-7-per-annum/ NN stopped dealing with them years ago. but the rest od the report is mostly right Link to comment Share on other sites More sharing options...
Starshine Posted December 14, 2019 Share Posted December 14, 2019 Under mattress...withdraw nightly and put it back in morning. 2 Link to comment Share on other sites More sharing options...
Lemondropkid Posted December 14, 2019 Share Posted December 14, 2019 6 hours ago, Starshine said: Under mattress...withdraw nightly and put it back in morning. Dreaming of when they were all £50's ?😭😭 1 Link to comment Share on other sites More sharing options...
KhunDon Posted December 14, 2019 Share Posted December 14, 2019 10 hours ago, Starshine said: Under mattress...withdraw nightly and put it back in morning. “Withdraw nightly and put it back in the morning”. So, LT then? How much? 🤣 2 Link to comment Share on other sites More sharing options...
Thai Spice Posted December 18, 2019 Share Posted December 18, 2019 Always beware in Thailand..... https://thethaiger.com/news/phuket/the-dream-is-over-phuket-resort-owners-castlewood-group-goes-into-liquidation A Phuket resort in the booming Layan Beach/Cherngtalay area, funded by a Singapore-based property developer, has gone sour. The project was opened in 2016. The resort attracted over $90 million of funds. Now some retail investors are lodging a police report after the company suddenly went into liquidation. Some investors of the failed developer, Castlewood Group, now suspect that they “may have fallen prey into a scam”, according to The Straits Times. 1 Link to comment Share on other sites More sharing options...
KhunDon Posted December 18, 2019 Share Posted December 18, 2019 Promised 8% ROI and got a tiny percentage of that and will probably now lose all their investments. Where have I heard that before? 🤔 2 Link to comment Share on other sites More sharing options...
Pumpuynarak Posted December 18, 2019 Share Posted December 18, 2019 I can't quite believe that farangs can be that stupid to invest anything in Thailand let alone Pattaya, the historic evidence is all there for all to see. Just sayin like 1 Link to comment Share on other sites More sharing options...
Recommended Posts