Investing in Timber

[David Knight]

pointer, I am not pursuing anything with the Texas AG.

On the contrary, I am in the process of buying some of justcfrall's trees right now.

There have been a few other people here on this forum that have recently also expressed an interest in buying other tree owner's older teak trees for $10 each. Anyone that believes they have lost everything they have invested with TATF should consider selling their holdings to those that want to buy them. Getting something today is better than never getting anything.

I'm not here to make excuses for TATF. All of us would have liked to have received distribution checks promptly after each thinning. The truth is, just receiving distribution checks wouldn't actually prove anything, though. Consider Ponzi schemes, such as what Bernie Madoff did, where he paid earlier investors with money invested by newer investors. Everybody believed the payments they were receiving proved they were earning good, safe returns, but in fact the payments they received were what allowed Madoff to keep growing his con ever larger.

I'm sure you've already read the reasons TATF has given for the terrible delays in paying distributions, so there's no need to repeat them here. If you don't believe them, then I suggest getting whatever you can get now by selling your holdings to anyone that will buy them. If you do believe TATF's reasons for the delays, then I suggest being patient. The third option, which is you're choice, is to pursue some legal action against TATF. That option entails its own risks, work, and delays, and isn't likely to offer any better return to you than just selling your holdings at a loss now. Generally speaking, returns following legal action take years to materialize (and some outside party always gets a major cut of the action), so there's no guarantee that even if a legal action is successful that you'd get any return sooner than you'd get just by waiting for TATF or greater than you'd get by selling now at a loss.