Posted Jul 1, 2008, 5:11 PM
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Registered User
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Join Date: Sep 2002
Location: Chicago
Posts: 10,419
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Quote:
Originally Posted by PIZ
Not a good sign in the slightest IMO...
This just shows Shelbourne's expectations of sales were cut short, they obviously expected a more progressive sales launch. YES indeed, this does sound to be desperation on Kelleher's part (he did say he expects a sell-out).
The only other thing I could think of, is that Kelleher is trying to rush to that 50% sales mark to get another bank (Other then Anglo Irish) to back him for the financing needed to finish the project. It's quite possible he could be just rushing this process as progress on the site is moving along rather quickly, and the last thing he wants is the continuation of out-of-pocket financing.
One thing we can all agree on, Kelleher in not your average thinking developer, he thinks so out-side the box his brain boarders along the lines of weird, risky, psycho, and genius! Lets just hope the last one prevails in the end...  |
Oh hush!
Quite always being Mr. Negative
Someone's already that this is a common European practice.
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titanic1
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