There is one indisputable fact about the current state of TATF, if facts are all that count in this discussion: no investor is getting any information about his trees, and this is in spite of the alarms that have been sounding for two years on this forum. Don' think for a minute Steve doesn't continue to compulsively read this forum on a daily basis and make his expressions known regularly through vicarious means. The single fact of his not responding to any of his investors in the face of all this negative coverage is called negligence at best and abdication of responsibility at worst. However you cut it his failure for three years now to answer his individual investors puts this investment in the category of failed.
On top of this, there is the second fact that TATF is making no effort that anyone knows about to market any of the thinned lumber from years ago. This is in the face of several posts here from people who have tried to buy lumber from this company.
And for those who think critical posts are trashing the company and affecting the future of their investment this assumes that these posts cut off new investments (probably true) and that new investments are required to get the trees from old investments maintained and marketed so that old investors can get their projected distributions. It further assumes that the previously invested tens of millions of dollars were not sufficient to create a pool for taking care of the trees sold. If that is true, and endless loops of new investors buying newly planted trees throughout Costa Rica will be necessary, how would this be different from a Ponzi scheme? And how will it end?
belmontx
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