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Looks like you can buy a piece of Seminole



 
 
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  #51  
Old August 10th 20, 12:49 AM posted to rec.aviation.soaring
Bob Youngblood
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Posts: 390
Default Looks like you can buy a piece of Seminole

If you do not control anything how can you guarantee a return?
  #52  
Old August 10th 20, 01:48 AM posted to rec.aviation.soaring
2G
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Posts: 1,439
Default Looks like you can buy a piece of Seminole

On Saturday, August 8, 2020 at 5:44:30 AM UTC-7, wrote:
On Friday, August 7, 2020 at 11:25:04 AM UTC-4, 2G wrote:
On Wednesday, August 5, 2020 at 11:01:48 AM UTC-7, wrote:
Hi Walt. From another former tow pilot. Seminole was doing a rip-roaring business until covid-19 hit. There's money being made there. It's just not being spent where it should be.


That is pure speculation. SLGP has not released any financials, let alone audited financials, whatsoever so we don't even know if SLGP has been profitable and for which years, or by how much. These are essential for any serious investor - omitting them means this is just a trial balloon to test how many suckers there are out there.

Tom

SLGP would not be obligated to release any financial information to anyone other than those buying in. Of course it would be most prudent to have on your side a Business/Real Estate lawyer and of course have your own accountant do a complete audit of the books to establish profitability. I would assume that one would be sharing in the profits at the end of the quarter/year commensurate with their percentage of ownership, perhaps along with the four percent dividend that Mihai guarantees? If NOT then in my Constitutionally protected opinion it would be stupid to purchase any shares. The real telling point will be how many shares RICH buys.

Walt


The very brief offering (sets a record for the shortest prospectus I have ever read) makes no mention of disclosing financials to prospective buyers, only a vague mention of a 4% rate of return. This, in itself, raises concerns: how can any business partnership guarantee a rate of return, especially in the very uncertain times we are in now? This is commonly done in closed-end funds by selling principle to generate cash payments to shareholders, but that would mean selling assets such as aircraft or hangars for SLGP. It sounds more like an aspiration than a guarantee. And then there is the bizarre statement that SLGP will follow all US laws as if that is optional. I strongly urge anyone who is interested in investing in SLGP demand to see audited financials (I doubt that any audit has been performed, but do not know), and unaudited financials should be viewed with a strong dose of skepticism.

Tom
  #53  
Old August 10th 20, 02:30 PM posted to rec.aviation.soaring
[email protected]
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Posts: 88
Default Looks like you can buy a piece of Seminole

On Sunday, August 9, 2020 at 8:48:13 PM UTC-4, 2G wrote:
On Saturday, August 8, 2020 at 5:44:30 AM UTC-7, wrote:
On Friday, August 7, 2020 at 11:25:04 AM UTC-4, 2G wrote:
On Wednesday, August 5, 2020 at 11:01:48 AM UTC-7, wrote:
Hi Walt. From another former tow pilot. Seminole was doing a rip-roaring business until covid-19 hit. There's money being made there. It's just not being spent where it should be.

That is pure speculation. SLGP has not released any financials, let alone audited financials, whatsoever so we don't even know if SLGP has been profitable and for which years, or by how much. These are essential for any serious investor - omitting them means this is just a trial balloon to test how many suckers there are out there.

Tom

SLGP would not be obligated to release any financial information to anyone other than those buying in. Of course it would be most prudent to have on your side a Business/Real Estate lawyer and of course have your own accountant do a complete audit of the books to establish profitability. I would assume that one would be sharing in the profits at the end of the quarter/year commensurate with their percentage of ownership, perhaps along with the four percent dividend that Mihai guarantees? If NOT then in my Constitutionally protected opinion it would be stupid to purchase any shares. The real telling point will be how many shares RICH buys.

Walt


The very brief offering (sets a record for the shortest prospectus I have ever read) makes no mention of disclosing financials to prospective buyers, only a vague mention of a 4% rate of return. This, in itself, raises concerns: how can any business partnership guarantee a rate of return, especially in the very uncertain times we are in now? This is commonly done in closed-end funds by selling principle to generate cash payments to shareholders, but that would mean selling assets such as aircraft or hangars for SLGP. It sounds more like an aspiration than a guarantee. And then there is the bizarre statement that SLGP will follow all US laws as if that is optional. I strongly urge anyone who is interested in investing in SLGP demand to see audited financials (I doubt that any audit has been performed, but do not know), and unaudited financials should be viewed with a strong dose of skepticism.

Tom


While this does resemble a closed end fund type of transaction simply in that there are a limited number of shares being offered, these will most likely not be sophisticated venture capitalists stepping in to buy. Pursuing a public listing is a very expensive option and very demanding in terms of legal, auditing, and disclosure requirements. I'm not sure that is what he is trying to do but a prudent investor as I have said would insist on an audit by an independent concern. Looks like an attempt to raise some cash and maintain status as an owner until Ms LUCULESCU pays off her loan which appears to be thru him. Okay, I'm in for the same number of shares that Rich buys BUT the investors must be granted 51% ownership and even at that I can see lots of ways this situation could be problematic. Just my humble and Constitutionally protected opinion.

Walt
  #54  
Old August 10th 20, 08:33 PM posted to rec.aviation.soaring
Bob Youngblood
external usenet poster
 
Posts: 390
Default Looks like you can buy a piece of Seminole

On Monday, August 10, 2020 at 9:30:30 AM UTC-4, wrote:
On Sunday, August 9, 2020 at 8:48:13 PM UTC-4, 2G wrote:
On Saturday, August 8, 2020 at 5:44:30 AM UTC-7, wrote:
On Friday, August 7, 2020 at 11:25:04 AM UTC-4, 2G wrote:
On Wednesday, August 5, 2020 at 11:01:48 AM UTC-7, wrote:
Hi Walt. From another former tow pilot. Seminole was doing a rip-roaring business until covid-19 hit. There's money being made there. It's just not being spent where it should be.

That is pure speculation. SLGP has not released any financials, let alone audited financials, whatsoever so we don't even know if SLGP has been profitable and for which years, or by how much. These are essential for any serious investor - omitting them means this is just a trial balloon to test how many suckers there are out there.

Tom
SLGP would not be obligated to release any financial information to anyone other than those buying in. Of course it would be most prudent to have on your side a Business/Real Estate lawyer and of course have your own accountant do a complete audit of the books to establish profitability. I would assume that one would be sharing in the profits at the end of the quarter/year commensurate with their percentage of ownership, perhaps along with the four percent dividend that Mihai guarantees? If NOT then in my Constitutionally protected opinion it would be stupid to purchase any shares. The real telling point will be how many shares RICH buys.

Walt


The very brief offering (sets a record for the shortest prospectus I have ever read) makes no mention of disclosing financials to prospective buyers, only a vague mention of a 4% rate of return. This, in itself, raises concerns: how can any business partnership guarantee a rate of return, especially in the very uncertain times we are in now? This is commonly done in closed-end funds by selling principle to generate cash payments to shareholders, but that would mean selling assets such as aircraft or hangars for SLGP.. It sounds more like an aspiration than a guarantee. And then there is the bizarre statement that SLGP will follow all US laws as if that is optional.. I strongly urge anyone who is interested in investing in SLGP demand to see audited financials (I doubt that any audit has been performed, but do not know), and unaudited financials should be viewed with a strong dose of skepticism.

Tom


While this does resemble a closed end fund type of transaction simply in that there are a limited number of shares being offered, these will most likely not be sophisticated venture capitalists stepping in to buy. Pursuing a public listing is a very expensive option and very demanding in terms of legal, auditing, and disclosure requirements. I'm not sure that is what he is trying to do but a prudent investor as I have said would insist on an audit by an independent concern. Looks like an attempt to raise some cash and maintain status as an owner until Ms LUCULESCU pays off her loan which appears to be thru him. Okay, I'm in for the same number of shares that Rich buys BUT the investors must be granted 51% ownership and even at that I can see lots of ways this situation could be problematic. Just my humble and Constitutionally protected opinion.

Walt


This could really be something that could resemble the popular show ,"Wheel Of Fortune". Go ahead and spin the wheel and you could become part owner off a great gliderport. I can see Pat and Vanna spinning the wheel for the big prize. If Rich and Walt are in then I must consider investing, but we all need to see the audited financials. I have a great firm in Ft. Lauderdale, Marcum, right on Los Olas Blvd, ask for Mitch. Make sure you tell him that Bob Y wants for him to look at the books.
  #55  
Old August 13th 20, 03:22 AM posted to rec.aviation.soaring
2G
external usenet poster
 
Posts: 1,439
Default Looks like you can buy a piece of Seminole

On Monday, August 10, 2020 at 12:33:19 PM UTC-7, wrote:
On Monday, August 10, 2020 at 9:30:30 AM UTC-4, wrote:
On Sunday, August 9, 2020 at 8:48:13 PM UTC-4, 2G wrote:
On Saturday, August 8, 2020 at 5:44:30 AM UTC-7, wrote:
On Friday, August 7, 2020 at 11:25:04 AM UTC-4, 2G wrote:
On Wednesday, August 5, 2020 at 11:01:48 AM UTC-7, wrote:
Hi Walt. From another former tow pilot. Seminole was doing a rip-roaring business until covid-19 hit. There's money being made there. It's just not being spent where it should be.

That is pure speculation. SLGP has not released any financials, let alone audited financials, whatsoever so we don't even know if SLGP has been profitable and for which years, or by how much. These are essential for any serious investor - omitting them means this is just a trial balloon to test how many suckers there are out there.

Tom
SLGP would not be obligated to release any financial information to anyone other than those buying in. Of course it would be most prudent to have on your side a Business/Real Estate lawyer and of course have your own accountant do a complete audit of the books to establish profitability. I would assume that one would be sharing in the profits at the end of the quarter/year commensurate with their percentage of ownership, perhaps along with the four percent dividend that Mihai guarantees? If NOT then in my Constitutionally protected opinion it would be stupid to purchase any shares. The real telling point will be how many shares RICH buys.

Walt

The very brief offering (sets a record for the shortest prospectus I have ever read) makes no mention of disclosing financials to prospective buyers, only a vague mention of a 4% rate of return. This, in itself, raises concerns: how can any business partnership guarantee a rate of return, especially in the very uncertain times we are in now? This is commonly done in closed-end funds by selling principle to generate cash payments to shareholders, but that would mean selling assets such as aircraft or hangars for SLGP. It sounds more like an aspiration than a guarantee. And then there is the bizarre statement that SLGP will follow all US laws as if that is optional. I strongly urge anyone who is interested in investing in SLGP demand to see audited financials (I doubt that any audit has been performed, but do not know), and unaudited financials should be viewed with a strong dose of skepticism.

Tom


While this does resemble a closed end fund type of transaction simply in that there are a limited number of shares being offered, these will most likely not be sophisticated venture capitalists stepping in to buy. Pursuing a public listing is a very expensive option and very demanding in terms of legal, auditing, and disclosure requirements. I'm not sure that is what he is trying to do but a prudent investor as I have said would insist on an audit by an independent concern. Looks like an attempt to raise some cash and maintain status as an owner until Ms LUCULESCU pays off her loan which appears to be thru him. Okay, I'm in for the same number of shares that Rich buys BUT the investors must be granted 51% ownership and even at that I can see lots of ways this situation could be problematic. Just my humble and Constitutionally protected opinion.

Walt

This could really be something that could resemble the popular show ,"Wheel Of Fortune". Go ahead and spin the wheel and you could become part owner off a great gliderport. I can see Pat and Vanna spinning the wheel for the big prize. If Rich and Walt are in then I must consider investing, but we all need to see the audited financials. I have a great firm in Ft. Lauderdale, Marcum, right on Los Olas Blvd, ask for Mitch. Make sure you tell him that Bob Y wants for him to look at the books.


I am not holding my breath waiting for Rich to jump in here. After all, we're talking real money here.

Tom
  #56  
Old August 16th 20, 01:29 PM posted to rec.aviation.soaring
[email protected]
external usenet poster
 
Posts: 88
Default Looks like you can buy a piece of Seminole

On Wednesday, August 12, 2020 at 10:22:03 PM UTC-4, 2G wrote:
On Monday, August 10, 2020 at 12:33:19 PM UTC-7, wrote:
On Monday, August 10, 2020 at 9:30:30 AM UTC-4, wrote:
On Sunday, August 9, 2020 at 8:48:13 PM UTC-4, 2G wrote:
On Saturday, August 8, 2020 at 5:44:30 AM UTC-7, wrote:
On Friday, August 7, 2020 at 11:25:04 AM UTC-4, 2G wrote:
On Wednesday, August 5, 2020 at 11:01:48 AM UTC-7, wrote:
Hi Walt. From another former tow pilot. Seminole was doing a rip-roaring business until covid-19 hit. There's money being made there. It's just not being spent where it should be.

That is pure speculation. SLGP has not released any financials, let alone audited financials, whatsoever so we don't even know if SLGP has been profitable and for which years, or by how much. These are essential for any serious investor - omitting them means this is just a trial balloon to test how many suckers there are out there.

Tom
SLGP would not be obligated to release any financial information to anyone other than those buying in. Of course it would be most prudent to have on your side a Business/Real Estate lawyer and of course have your own accountant do a complete audit of the books to establish profitability. I would assume that one would be sharing in the profits at the end of the quarter/year commensurate with their percentage of ownership, perhaps along with the four percent dividend that Mihai guarantees? If NOT then in my Constitutionally protected opinion it would be stupid to purchase any shares. The real telling point will be how many shares RICH buys.

Walt

The very brief offering (sets a record for the shortest prospectus I have ever read) makes no mention of disclosing financials to prospective buyers, only a vague mention of a 4% rate of return. This, in itself, raises concerns: how can any business partnership guarantee a rate of return, especially in the very uncertain times we are in now? This is commonly done in closed-end funds by selling principle to generate cash payments to shareholders, but that would mean selling assets such as aircraft or hangars for SLGP. It sounds more like an aspiration than a guarantee. And then there is the bizarre statement that SLGP will follow all US laws as if that is optional. I strongly urge anyone who is interested in investing in SLGP demand to see audited financials (I doubt that any audit has been performed, but do not know), and unaudited financials should be viewed with a strong dose of skepticism.

Tom

While this does resemble a closed end fund type of transaction simply in that there are a limited number of shares being offered, these will most likely not be sophisticated venture capitalists stepping in to buy. Pursuing a public listing is a very expensive option and very demanding in terms of legal, auditing, and disclosure requirements. I'm not sure that is what he is trying to do but a prudent investor as I have said would insist on an audit by an independent concern. Looks like an attempt to raise some cash and maintain status as an owner until Ms LUCULESCU pays off her loan which appears to be thru him. Okay, I'm in for the same number of shares that Rich buys BUT the investors must be granted 51% ownership and even at that I can see lots of ways this situation could be problematic. Just my humble and Constitutionally protected opinion.

Walt

This could really be something that could resemble the popular show ,"Wheel Of Fortune". Go ahead and spin the wheel and you could become part owner off a great gliderport. I can see Pat and Vanna spinning the wheel for the big prize. If Rich and Walt are in then I must consider investing, but we all need to see the audited financials. I have a great firm in Ft. Lauderdale, Marcum, right on Los Olas Blvd, ask for Mitch. Make sure you tell him that Bob Y wants for him to look at the books.


I am not holding my breath waiting for Rich to jump in here. After all, we're talking real money here.

Tom


Perhaps Mihai could give Rich a free share for his good and faithful and unpaid service? In my Constitutionally protected opinion I do not believe Rich would spend $150K to own a piece of the pie. At his advanced age it makes no sense. Again, just my Constitutionally protected opinion.

Walt
  #57  
Old August 16th 20, 02:24 PM posted to rec.aviation.soaring
[email protected]
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Posts: 4
Default Looks like you can buy a piece of Seminole

Walt You have beat this horse enough
  #58  
Old August 16th 20, 02:54 PM posted to rec.aviation.soaring
KG[_2_]
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Posts: 15
Default Looks like you can buy a piece of Seminole

On Sunday, August 16, 2020 at 9:24:40 AM UTC-4, wrote:
Walt You have beat this horse enough


Agreed, I was about to report him the the ASCPA.
  #59  
Old August 16th 20, 02:59 PM posted to rec.aviation.soaring
KG[_2_]
external usenet poster
 
Posts: 15
Default Looks like you can buy a piece of Seminole

On Sunday, August 16, 2020 at 9:24:40 AM UTC-4, wrote:
Walt You have beat this horse enough


Agreed, I was about to report him to the ASPCA.
  #60  
Old August 16th 20, 08:27 PM posted to rec.aviation.soaring
[email protected]
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Posts: 281
Default Looks like you can buy a piece of Seminole

On Sunday, August 16, 2020 at 9:59:28 AM UTC-4, KG wrote:
On Sunday, August 16, 2020 at 9:24:40 AM UTC-4, wrote:
Walt You have beat this horse enough

Agreed, I was about to report him to the ASPCA.

Who let the Gorilla out of the cage??
 




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