In my opinion, there has never been any doubt as to the honesty and integrity of the "boys" of Red Frog. I have always gotten the feeling that they want this project to succeed, and that message was surely communicated in the latest conference call.
However, will combined problems of the strike, the mortgage "crisis" in the US and government corruption be too much to overcome? It certainly sounded like the timing of each affected the outcome of the others... that the financial partners were not coming to the table because of the strike delay... and the issue of ROP land turning out to be a bigger deal than originally thought.
Being an optimist about this project (and not really financially hurt by the strike delay, though our money is just sitting there earning nothing) I think perseverence will win out. But Joe's voice sounded tired and I am wondering how much more he can take.
The gist of the conference call was essentially what was said in the newsletter. The only really new thing was the fractional ownership option being introduced. It sounds like a good option for some of those people from whom I've heard that are having money problems and wonder if they should stay in. I don't think it will affect property values that much, if at all.
One thing I did notice was that Chris was not in attendance. At first I thought they were going to announce that he'd left the company. Happily, only his position has changed. I can only speculate that he was traveling, and this could have been the reason he did not participate in the call.
We will see if patience will win out!
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