FLASR Inc. (fka FLSR)

[QaB2i]

HOW ANTI-RESALE IS THE TIMESHARE INDUSTRY?
To obtain the facts to support this argument, I had only to go directly to the source, the presented statements of the timeshare developers themselves.

Specifically, each and every one of the timeshare developers who file documents with the Securities and Exchange Commission to support their public filing requirements have included language in each of their filings that specifically addresses the secondary resale market as a threat to their bottom line. I'm not in any manner exaggerating or embellishing the characterization of these statements. To borrow a direct quote from Bluegreen’s SEC filing, "The resale market for VOIs [vacation ownership interest] could adversely affect our business" is the title line to a paragraph within their filing.

Similar incendiary, anti-secondary market language is found throughout the filings for other resort developers, as well. (We can supply the relevant SEC web pages upon request). It is amply clear that these developers, in their own words and in their own public filings, all express open antagonism to the very existence of a secondary timeshare resale market!

In summary, these developer resort SEC filings conclusively establish that even simply stepping out of the resale channel and permitting other market forces to come in to help stabilize the resale timeshare marketplace without interference from the developers is not an option to be considered, clearly because of the perceived threat to their bottom line.

http://www.bridgeportgroup.net/