jbaa1 said:
Wonder what’s going on .

KSV is really chilling on that update lol. Everybody must have taken all summer off lol.
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That $5m+ Ksv took for maint uptowns noway they spending that amt there ..half in their pockets .. just 2 guys doing crap there pumping out water and walking around lol
 
Update from KSV.
1724878612784.png
 
Hello All,

I received following reply for my email to KSV
"
Thank you for your email on August 13, 2024. Purchase agreements remain in full force and effect. The Receiver is working to finalize construction manager contracts, construction financing arrangements, and other ancillary documents that are required prior to commencing construction. We will be providing an update on next steps in due course. For further information see our website below:
https://www.ksvadvisory.com/experience/case/vandyk "

Same sad story continues.....
 
Mahendra said:
Hello All,

I received following reply for my email to KSV
"
Thank you for your email on August 13, 2024. Purchase agreements remain in full force and effect. The Receiver is working to finalize construction manager contracts, construction financing arrangements, and other ancillary documents that are required prior to commencing construction. We will be providing an update on next steps in due course. For further information see our website below:
https://www.ksvadvisory.com/experience/case/vandyk "

Same sad story continues.....
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Isn't this the same copy paste email from a few weeks ago?

Who is the receiver?
 
Mahendra said:
Hello All,

I received following reply for my email to KSV
"
Thank you for your email on August 13, 2024. Purchase agreements remain in full force and effect. The Receiver is working to finalize construction manager contracts, construction financing arrangements, and other ancillary documents that are required prior to commencing construction. We will be providing an update on next steps in due course. For further information see our website below:
https://www.ksvadvisory.com/experience/case/vandyk "

Same sad story continues.....
Click to expand...
If the market was in a better place I would be worried that the new buyers would simply terminate the current unit purchase APSs. Luckily, market isn't in that state unless the receiver can wait 12-18 months - doubtful.
 
Mahendra said:
Hello All,

I received following reply for my email to KSV
"
Thank you for your email on August 13, 2024. Purchase agreements remain in full force and effect. The Receiver is working to finalize construction manager contracts, construction financing arrangements, and other ancillary documents that are required prior to commencing construction. We will be providing an update on next steps in due course. For further information see our website below:
https://www.ksvadvisory.com/experience/case/vandyk "

Same sad story continues.....
Click to expand...
evanbrooks0 said:
If the market was in a better place I would be worried that the new buyers would simply terminate the current unit purchase APSs. Luckily, market isn't in that state unless the receiver can wait 12-18 months - doubtful.
Click to expand...
This is the same old generic message we have all been receiving as a reply. Nothing has changed. Shame on KSV
 
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