Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Walton International Goup, related entities obtain creditor protection CCAA

bizaro86 · 05-01-2017, 10:55 AM

I don't know, I looked at their documents probably 5-6 years ago for a friend who was thinking of investing. Way in the fine print, I noticed that they marked up the land after purchasing it before putting into the vehicle they sold to investors.

So they got their management and upside fees along the way, plus you had to pay them $2 for every $1 of land they put in. Didn't pass the smell test to me.

I should probably up the coffee my friend still owes me to a lunch given the outcome here...

05-01-2017, 10:55 AM	#5
bizaro86 Franchise Player Join Date: Sep 2008 Exp:	I don't know, I looked at their documents probably 5-6 years ago for a friend who was thinking of investing. Way in the fine print, I noticed that they marked up the land after purchasing it before putting into the vehicle they sold to investors. So they got their management and upside fees along the way, plus you had to pay them $2 for every $1 of land they put in. Didn't pass the smell test to me. I should probably up the coffee my friend still owes me to a lunch given the outcome here...