fabrizio

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    fabrizio
    Member

    8

    • in reply to: block c
    fabrizio
    Member

    quote:


    Originally posted by Mike and Louise

    Fabrizio

    I concur with One John – always good to have insider information, even if it is shared with a wider audience.

    I have to allow myself a wry smile and little dry jab at Turinvest, as it appears to me from all I have seen over the last 4 years is that Turinvest and Stefanina Group have relied on “luck” as their main management tool. As Stefanina Group have a board of directors some of whom are directors of quoted companies (on the Italian stock exchange) it might be an issue that they would care to review as it would be rather unfortunate if we discovered that ‘hoping for better luck’ has become the main management forecasting tool of such quoted organisations!

    I guess we should consider ourselves fortunate, at least an underage prostitute (a play on Berlusconi’s rumored activities) has not yet been appointed to the board of Turinvest but I bet she’d have better business sense; I’ll stay well away from commenting on the customer service skill activities…..

    Please take in the spirit of dry British humour as I am sure you are doing all you can to help us, but this is high farce and they are playing wild and loose with hundreds of people’s hard earned savings. That’s serious stuff and we are talking very big numbers on an international scale and “luck” is not a term accepted in most courts outside of Haiti (where as we know Voodoo is fully recognised by most state institutions).

    Best wishes and keep in contact.

    Mike & Louise


    As you said the information I share here is with a wide audience therefore I can’t say everything I really know as insider. What I can do is give you hints to understand the possible evolution in order to decide your path.
    I do know British dry humour and like it too.
    The company is not quoted on the Italian stock market. it is a stock company but not quoted.
    In my opinion at this stage they should worry about how to deliver more than correcting their customer service skills. As you said we are talking about life time savings in some cases and big numbers too, things you don’t play with. One of the reasons I decided to leave.

    • in reply to: block c
    fabrizio
    Member

    quote:


    Originally posted by one john

    Thanks for your insider information Fabrizio, as usual it is welcome. I take it from your recent post that i would be wasting my time requesting a meeting with the VP.Do you personally believe Block D will get completed in the future and what is your opinion on the fate of Block E ?


    Definitely a waste of time booking an appointment with VP, not because you would not make it, but because you would hear a lot of BS. I believe that block D will be kind of completed within 1 year or so if somebody decides to put money from personal accounts, otherwise ever. Read between the lines about faith of block E.

    • in reply to: block c
    fabrizio
    Member

    quote:


    Originally posted by Mike and Louise

    Fabrizio

    Many thanks – so that we are all clear, we were told by someone in Turinvest that “a new VP” was appointed, he had no permanent office, was still settling-in, and many other stories – being in post since 2006 does not sound very new to me.

    As for how he handles things – perhaps, just perhaps, and this is from experience of working in 19 countries around the world of which Italy is one, if the guy had the common decency to talk to us and explain what was going on (even Italian would be acceptable as most folks could run it through Google translate) then he’d not have a large number of people who have some fairly low views of him. It seems to me that in excess of 50 months, some 1,800 days is a long (long) time to spend avoiding your customer base….it’s a fairly unusual customer service model that has not found much favour in the world the rest of us live and do business in.

    Appreciate your inputs as always.

    Best wishes

    Mike & Louise


    Mike & Louise
    I can guarantee you that I know the person who is now the VP since 1997. He was the brain of the President by then. When big money started coming in with real estate he became VP and practically started passing from 2 to 3 weeks a month here in CV, before he would come for a week every 2 months.
    I think he knows that his behaviour customer care wise is very peculiar (to be polite), but he can’t face you and tell you all that’s going on for real with the group otherwise you would drop dead, believe me. He does not have an international experience work wise, so he thinks that this is the only way to buy time and see if luck turns.
    Regards,
    Fabrizio

    • in reply to: block c
    fabrizio
    Member

    quote:


    Originally posted by Mike and Louise

    Fabrizio

    A helpful post – can you tell us the name of the new VP and where he fits in; relationship with Stefanina himself, if he is a controlling director, what authority (and budget control) he actually has to sort things out?

    Seems that there is a barrier bewteen the buyers and who is today calling the shots – so who do we really need to be speaking with? This constant talk of “the VP” is a bit like the story most cultures tell their children if they do not go to bed on time…’the VP will come and get you’.

    If Turinvest are serious they’d start acting like a serious company and this VP would come out from the dark and start talking to the folks who ultimately pay his/her salary.

    Best wishes

    Mike & Louise


    The VP name is Andrea VIta Finzi, he is the VP since 2006 and is a very god friend of Stefanina (the came here together in 1993), he has authority to make any kind of decision including how to use the budget (if there was one).
    It is very hard to talk to him directly for two reasons: First he does not speak English, second he wants to give the answers with the time to think of one which will make you happy and calm. This would not be possible in a direct confrontation.
    I think this answers to most of your questions.
    Yesterday Stefanina called me and among other things he told me that in the next months he will try to find the way ($) to finish block C and D even if it is not easy but in the reality besides his intention he did not give any time line for this to happen.

    • in reply to: block c
    fabrizio
    Member

    It is a very good thing to get the deeds done, that’s priority compared to the others issues.
    For the dump the drainage it is the only work that can be done from TH at this stage, it would help a lot but not solve the problem, but as I told you I don’t see this happening very soon.
    For the swimming pool there is a person in Boavista who solved the problem in block A (after TH re-built it 4 times)and did the one in Block B, but when I suggested his name in a meeting the chief of works told me to mind my business because he would solve the problem in block C all right. Well the meeting was over one year ago…

    • in reply to: block c
    fabrizio
    Member

    quote:


    Originally posted by jean

    Hi Fabrizio
    Do you know if the pumps have arrived ,and if the pool in block c as been repaired.thanks Jean

    j robinson


    Hi JR
    The pumps have not arrived and the swimming pool is still not working.
    I don’t think that the pumps have been purchased and about the pool they have no idea where is the problem.
    Regards, Fabrizio

    • in reply to: block c
    fabrizio
    Member

    quote:


    Originally posted by flyersnap

    Block D.

    Whats your gut feeling on completion as i’ve just been told Dec 11 with a 5% discount if i accept.
    What would you do in this situation?


    As far as I’m concerned there is not a real completion date on block D. At the moment there are no works going on since October 2010 and if TH won’t find some finance there will be no money to buy materials to complete nor pay salary to workers, who have been all fired anyway.
    I would definitely seek legal advice urgently in order to put some pressure on the developer and get some real answer. They really have no money but they do have assets, so you could block some of those if they don’t give you the apartment nor your money back

    • in reply to: block c
    fabrizio
    Member

    quote:


    Originally posted by typical

    Hi Jean/Fabrizio

    The most useful information would be a telephone/fax/e-mail address for Turinvest that is manned. Any information as to employed personnel would really be a gift. I have some papers that Turinvest need to see.

    I would love to see some recent photos of the Djadsal.

    Any information that you consider relevant would really be helpful and I thank you for your interest and concern.

    Turinvest telephone is 00238 2422004, fax 00238 2422005, email info@turinvestholding-realestate.com
    Vice Presodent: Andrea Vita Finzi, his right hand Mrs. Leonilda Soares, Chief of works Mr. Pietro Grammatico.
    They now all work in the same building in Santa Maria, where the brewery is.


    • in reply to: block c
    fabrizio
    Member

    Hello, this is fabrizio former sales manager of Turinvest. I do follow this forum and if you have any questions about anything concerning your properties, Turinvest, Diadsal Moradias or Sal, please fell free to ask.

    • in reply to: block c
    fabrizio
    Member

    Pleasure. You just have to ask.

    • in reply to: block c
    fabrizio
    Member

    I first arrived in Sal in August 1996 and the lake was not there, neither after some rains (it would last 2/3 days). It started in 2007 to be permanent after the sewage works along the road and even worst after they started the development in front. It is a fact that this development dig under the ground level to make garages and they had to pump water continuously in order to build. What nobody has understood is that Turinvest can not pump that water because the plot is not their property. What they will do (when the drainage will be finished and the pump will arrive) is pump the water underneath Moradias and since the lake leaks there too, it hopefully dry out with the pumping. When block A started in 2004, ,the water bed was 1.7 meters below foundation, now is 0.7 lower something happened, maybe naturally or caused artificially by the works I mentioned before. I own an apartment in block A and so I share your concern about the development. My opinion is that TH is not and I don’t see they will respond to the several issues quick enough. This could damage the overall value of our investment.

    • in reply to: block c
    fabrizio
    Member

    Hello people. It is good to see all this interest and life around block C. If sometimes you may need some infos from a local, an insider and an old timer, please don’t hesitate to ask. I’ll give you a couple of infos concerning matters I’ve been reading along: Claudio was fired about a month ago, now there is only one person for finishing block C, with the promise they will give him 2 more people starting January (he is 20 something years old capeverdean with a very small salary and already asking for a rise), The pumps have not arrived and even so the drainage is only partial, does not go all around the development. Who pumps the water in the plot where there should be built another Italian development is capeverdean and the development is owned by Portuguese company Oasis (the same who own Hotel Belorizonte). The mayor does not do anything about it because the builder is capeverdean and obviously well connected, they pump at night and so nobody can say to have seen it happening.

    fabrizio
    Member

    Hi T, thanks for your straight answer.
    The answers I might have given or things I might have said to investors like yourself, were the result sometimes of imposition from my superior after presenting them the issue or simply reporting what I was told which then I found out to be a lie too. This is also one of the reasons I left, there is a limit when you start to go against your principles.
    Frankly block D and E are not looking good. They told me they will start working on block D in January, but I don’t believe it is possible. KNow for sure the intention to complete is there, but I don’t see how knowing the actual financial situation of the company.
    I had a meeting in September with about 10 owners of Moradias (some from Block C and others Block D), where I gave my advise. Basically what I was explaining is that you guys are not a priority at the moment because you paid most of the money and apparently there is not much you can do if they don’t deliver. What you should do is get together as many as possible, hire a good lawyer and sue for the reasons your promissory contract explains very well. Would be very good if the case were dislocated in an International court in Europe where things are more serious and faster than here. From the moment hey will realise to be in serious trouble they will start paying the proper attention to your matter.
    If you want to find somebody responsible for this fiasco you must go all the way to the top: wrong choice of people in certain areas, wrong investments, waist of huge capitals in unprofitable activities, not using the money coming from real estate to finish the projects they were paying for, not listening to people who are in the front line every day etc.
    Hopefully I gave you most of the information needed.

    quote:


    Originally posted by typical

    Fabrizio, firstly can I commend you for your honest and frank admissions that whilst you were a turinvest employee you may have misled people not on your own doing but as a turinvest employee. I think what you’re saying is that you were not truthful to people because turinvest told you to lie or misled you. What is the case? I’m not of course suggesting you’re the devil. What I want to know is did you keep the pitchfork warm?

    I have an apartment in block d. Bought and fully paid.Completion under contract was due in nov 2007. The block is not finished nor indeed has moved on in any recognised way since that date and I’m pretty pissed off. I have no idea if the block is going to be finished or levelled. I have no compensation no explanation no home, nothing.

    To earn my( and others)gratitude and to wash away your involvement with turinvest I think it is your duty to tell the investors, (your former wage payers) what the hell is going on out there!! Who is responsible for this fiasco? Who should I be writing too? Who should I sue? What information can you give us?

    The decent thing to do is help those you did not help before. You have a chance now to make amends.

    T


    • in reply to: Turnivest
    fabrizio
    Member

    For your information Turinvest contacts still working are the following:
    info@turinvestholding-realestate.com
    info@turinvestimobilia.com
    info@altomondeio.com

    Telephone 00238 2422004

    The office is nowlocated on the groound floor of the building called CLUB 1, a seven stories tower that you can’t miss right on the road to Espargos very close to SHELL gas station of Santa Maria.

Viewing 15 replies - 1 through 15 (of 36 total)