Marsa Alam Beach Resort Alarm Bells RINGING

[duped]

I posted this in the 'WARNING_ZAFARANA BEACH RESORT', but I think developments regarding MABR deserve a new thread.

IPI has apparently gone into liquidation.

Regarding Marsa Alam Beach Resort I received an email from Global Investment Concepts, a legal entity, asking if I'm interested in seeing all official paperwork with a view to joining in a collective legal action against El Sery, the project's owner. Meanwhile, El Sery has asked investors to be patient and wait a few weeks for more news on a new major investor. Has anyone here had dealings with Global Investment Concepts?

[Dark_Ninja]

I have not received any of these letters although I have seen copies of them posted elsewhere. Although I have "invested" in an apartment in Pure well Being resort formerly known as MABR. I know of a few people who have received them. They appear to me to want to exploit those who are in a vulnerable position already. The worst kind of vultures!

[duped]

Originally Posted by Dark_Ninja

I know of a few people who have received them.

Are you saying you know of people that have received a completed property in MABR?

[scubadoo1]

Originally Posted by duped

Are you saying you know of people that have received a completed property in MABR?

Hi Duped,

I recieved email contact from GIC same as you.

[duped]

Originally Posted by scubadoo1

Hi Duped,

I recieved email contact from GIC same as you.

They kept pestering me to talk to them on the phone or Skype but I refused and told them I preferred e-mail where I could consider my questions and answers; they stopped contacting me.

[Dark_Ninja]

Originally Posted by Dark_Ninja

I have not received any of these letters although I have seen copies of them posted elsewhere. Although I have "invested" in an apartment in Pure well Being resort formerly known as MABR. I know of a few people who have received them. They appear to me to want to exploit those who are in a vulnerable position already. The worst kind of vultures!

Nobody has received an apartment yet as they are only half built. They have received the letters. There seems to have been a lot of them sent over the last few weeks and it appears to me to be either a scam or an opportunist trying to sell property.

[duped]

Originally Posted by Dark_Ninja

Nobody has received an apartment yet as they are only half built.

Exactly! It's just that you said that you knew of a few people that had received one.

[tomnellyuk]

Hi,
I received an email today from this GIC legal company! saying the inveter had not signed up as the agreed 31 March. They wanted me to join in on the legal fight but wanted £1800.
Has anybody heard the same or heard from El sery about this?

[scubadoo1]

Originally Posted by tomnellyuk

Hi,
I received an email today from this GIC legal company! saying the inveter had not signed up as the agreed 31 March. They wanted me to join in on the legal fight but wanted £1800.
Has anybody heard the same or heard from El sery about this?

A few people have been contacted by GIC legal but all are staying well clear of the from what I understand. As far as El Sery goes I think a couple people have had a response from the aftersales people.

[SJH11]

Is anyone going to the "GIC FIRST MABR CLIENT MEETING UK" at Stansted Airport later this month?