Dear Steve,
I am afraid the critics here have a good share of truth and substantiated claims.
My experience, so far, is equal if not superior (due to the large amount of money that I entrusted you) to their comments and frustrations.
I am not sure if this is the right forum to write the following, but as some one that is feeling uneasy, I think that it will be helpful for others before the jump to write a check.
I thought, I asked you the right questions, and I did some decent research before I send you my first check.
Today, I am not so sure if I received truthful answers.
Still hope that most of what you claim is the truth, but I am having a hard time reconcile what you claim and your website claims, with the reality of the facts and actual answers I receive from TATF about thinning, expected sale and $ value of the wood.
Steve, you market all kind of trees in your web site, but there is not a single indication of ROI for those trees except for Teak.
It is obvious to me that the teak information is far away from actual reality. My personal ROI due to the schedule that I received from your office is $0.
A1 past posting projections are more in tune with my experience than the projection you have in your web site. That’s hurting me to say.
It will be helpful if you add and post information in your web site related to the other products you market, as you do with the teak.
Please, be more realistic with the teak projections.
Clearly, the information in your web site is off base on your projections by many thousands of dollars and many years of ROI, it seems I am not alone feeling the pain of such error.
Your web site indicates in the Projections page that those prices “Raleo” can pay after year 7 plus are far higher than the market but it can take “up to one year for drying and processing“ the fact is, so far your told us the present experience is, that it can take up to five years more that is 12 years not 7. A correction is warranted in your projections to reflect the reality of those "worthless" trees.
You must correct that in your web site.
Any ROI with a 5-7 year error estimation is grossly misleading, unless you can prove that the projections you claim have been paid on an average to those investors in that projection range. My guess is that for you to disclose such information will need to be due to a police or interpol intervention of your boooks, other wise I understand that you will not disclose such information, but I will trust you if you say the case is, that most people owning teak get money in the renge of 7-9 years at a higher rate than $0.623 cents per board foot the local market pays.
Steve, in your comments here it seems not to be the case for investors receive after 7-9 years any check, it seems near 13 years, and to be more accurate at much lower $ per board. This does not account the loss value to inflation and paralyzed capital.
(Continued)