Superior Worldwide

[Goldberg Global]

No I dont think you will.

The money goes to the developers, the developers pay superior. You money would of gone to the developer not Superior. That is the way they worked, or did before, it does not go to Superiors pockets, they are paid from the developer.

It is inconvienent remember superior were an agent not a developer. You have a lawyer, speak to them and the developer direct.

[Investy]

I understood Superior were the developers for the Oasis properties. I realise Superior were an agent also.

Im wondering if Superior clients shouldnt all club together and petition the Moroccan King. Saidia is the showcase for his vision 2010, surely he wouldnt want anything to taint the resort?

Im not sure, but I thought Fadesa were actualy contracted to do the build, so I wonder if they will take over the Oasis development.

I was under the impression Superior have built many properties themselves in the US / Caribean, so there must be a lot of disgruntled buyers out there.

[NZDonkey]

I've had the same email from the AIPP. I took Superior to a Disciplinary Hearing through the AIPP which was adjourned until 29 January 08 for Superior to make further representation about their mis-representation of prices. Something else they've got away with - I have no time for them what-so-ever!

[Mr Goodliving]

I have spoken to the developer Oasis and they are a totally seperate entity, which only had affiliation with Superior as a marketing arm.

Oasis is still going strong and all buyers including myself will get the property they have reserved in time, according to the Oasis team.

[Investy]

Thats good news. I heard the developer, by which I assumed they meant Superior, had gone into temporary administration pending a new funding line which was to hopefully be agreed next week?

Now your saying Oasis is untouched by all this. I wish someone from the developer (whoever it is) would issue a post on here!

[NZDonkey]

When I was looking to invest, I had to pay my cash over to Superior and I assume everyone else who purchased through Superior has done the same?? If so, with Superior going into administration today it would certainly be adviseable for investors to seek legal advice extremely quickly as it is Superior who has taken stage payments from everyone - not the builder or Oasis or anyone else. With no staff left at Superior who will be issuing further stage payment invoices? I assume nobody unless PWC take over. Just some thoughts for everyone to ponder on.

[Mr Goodliving]

I did enquire on this, and apparently all monies have been accounted for by Oasis and the developer will be contacting one and all with the next stage payments.
Legalex have been helping me with this and have assured me of this too.
Oh, Oasis also have set up a UK company who will be contacting us soon, as a costumer centre.

[NZDonkey]

Have you been making stage payments to The Superior Real Estate Group Limited? When you're asked for another stage payment and it's not from Superior (as I assume your contract is with them) I certainly wouldn't be paying over any more cash until you've spoken to your solicitor about what's going on. If Oasis (and I think Oasis is a part of Superior anyway) asks for the next stage payment, check your contract as I don't believe the money is due to them and any claim for more money should now come from the appointed Administrators as they are now legally running the company.

It may be worth contacting the appointed Administrators at PricewaterhouseCoopers to get their thoughts on all this. Don't trust anyone! This is your money!

[Mr Goodliving]

My lawyer has done all the due diligence and has assured me that Oasis is independent of any company and that the contracts are with them and not Superior.

Therefore the administrators have nothing to do with Oasis or their clients.

[NZDonkey]

That's good news. However, the £2,000 reservation deposit was paid directly to Superior? which forms part of the payment structure for the entire contract? It might be worth checking with someone as this may or may not have been accounted for somewhere along the line?