If they don`t pay then they have no rights to vote at the agm.

We are also neighbours in M7 (in E13) - although we only make it over quarterly at the moment.
Mike & Linda

A word of warning, you do realize anybody can read this information ?

Shares in Fadesa have been suspended on the stock exchange this morning after another fall in their price.

http://elmundo.es/mundodinero/2008/0...216016190.html

Yes you may as well have a neon sighn up.In the uk at the moment.Please help yourself.

I contacted my Spanish solicitor today, and he confirm what others said yesterday "If you own the land or property its not a problem" and also says it will not affect the electricity supply whenever it arrives!!

Anyone got Paula's email address at the shed please? Tried emailing her - I beleive she is back at work now but the email bounced back.

So should those of us who have not completed complete or lose our deposits??? Thanks John for your advice but I really cannot find out whether we have a bank guarantee or not??

This makes interesting reading

http://bonoboathome.blogspot.com/http://bonoboathome.blogspot.com/

[email protected]

also [email protected]

phone 0034 902442 222

Thats all I've got but if the shares have been suspended all coms are probably shut down as there is no body to pay the bills.

morehttp://www.guardian.co.uk/business/feedarticle/7651092

More

This suggests assets at the last filing were strong...fingers crossedhttp://www.bloomberg.com/apps/news?p...d=agtawN1.3ekw

Have been looking on Reuters and it appears that at 4.29pm today Martinsa Fadesa filed for Administration.

As we had paid 50% on our plot and were waiting for electricity to complete does anybody know what our position will be?

Looks like some sleepless nights ahead.

Dave & Lynn

Did you have a bank guarantee with the builder?

Hi Dave,

There are so many variables that you need answers to before you decide on your best course. Do you have and have you seen a bank guarantee thats your fallback position. If you don't and you still want to build the house you may able to complete and put yourself in a similar position to me, viable plot no electricity. It will arrive someday but until then there will be no Fadesa provided generator and diesel so the design might have to be modified to use re-newables. Who knows you may be able to buy the plot cheaper from the administrator but you might also loose the deposit and just be a creditor well down the list.

You have my absolute sympathy but we are all in this together to a greater or lessor extent and we should share real "hard" info so that we are as smart as the people who will take over the running of the company.

Regards, :curse:

John.