Announcement

[jpsnana]

Was anyone told about Diamond going public and what does this mean?

[ace2000]

Was anyone told about Diamond going public and what does this mean?

It means that the company will be driven by profits and making sure the shareholders stay happy. Hold onto your wallet! For an example, just look at Wyndham over the last couple of years.

[lawren2]

I'm going to move your 2 posts over to the Diamond forum. You'll get your answers there.

[T. R. Oglodyte]

It means that the company will be driven by profits and making sure the shareholders stay happy. Hold onto your wallet! For an example, just look at Wyndham over the last couple of years.

How would that differ from the current situation, in which the company is driven by profits and making sure the shareholders are kept happy?

I also haven't seen anything on any announcement of DRI going public.

[jpsnana]

They wanted us to sign off on our equity. If we didn't they would take it and just say refused to sign. Needless to say we didn't sign and they said they left it open for a while. But when they go public there was nothing we could do. I'm so confused!!!!

[tonyg]

Never believe anything a timeshare salesman for a developer says- if you have a deed they cannot take it away from you. If you don't have a deed---lots of bad things can happen.

[T. R. Oglodyte]

Never believe anything a timeshare salesman for a developer says- if you have a deed they cannot take it away from you. If you don't have a deed---lots of bad things can happen.

And if you do have a deed lots of bad things can happen.

[jpsnana]

what do you mean bad things can happen. Such as >

[T. R. Oglodyte]

what do you mean bad things can happen. Such as >

Special assessments. Losing control of the resort to a captive owners group and being taken for a ride by the controlling ownership group. Being stuck with a deed that you can't get rid of forever (versus having a non-deeded right to use for which you can match the lifte of the ownership to the period in which you expect to be traveling). Being stuck with spiraling annual dues to cover operating costs when other units go into non-paying status (particularly an issue with resorts where there are large variations in seasonal demand and off-season weeks aren't worth the annual fees).

[dougp26364]

Sounds like there were just tyring anything to get you to convert to a trust based ownership. I have deeds with HGVC and Marriott, both of which I'm certain are publicly traded companies.

I wouldn't worry about anything a TS salesman tells you. They're masters of confusion and typically run around like Chicken Little crying the "The sky is falling. The sky is falling." The last presentation we were at, they wanted us to convert from deeded weeks to a trust. The sales manager did her best to try to get us to believe a BIG special assessment was on the way for our home resort. She might have been right had we owned at the Point at Poipu. As it was, the one trust we might have been interested in was the Hawaiian trust. She'd have been right about a big SA but, that would have happened had we actually converted.

We'll likely go through an owners update next week. It's been a couple of years and I suppose it's time to see what's new. I'm afraid if they try this line on me I won't be able to stop laughing during the remainder of their presentation.

What resort were you handed this line of BS at anyway?