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Original Message:
Class Action Against Diamond Resorts? (by Irene P.):
That's great! I can walk away from $50,000, get nothing and then Diamond will resell the points for full value. Not one of the 64 members of LTRBA will sell them. They told me they are worthless. Our contract says we can sell them. So, in Diamond's generosity they will take back our points for no value.
Latticework stock analysts explains in their article, taught by ADW venture capital firm of our LBO, why this is such a good benefit for shareholders of Diamond's stock. Diamond does not have to build resorts. As long as they maintain a 2 to 5% default rate stated as a goal in their annual report and keep up the voluntary surrenders they can keep going through their inventory recapture program known in the industry as "The Diamond Effect". Maybe it's just me, but I really don't like being owned by Apollo, founder of DBL junk bond fame.
In addition, voluntary surrenders are case by case. TUG says they are accepting 93% but they can also turn the program on an off whenever desired or shut it off at certain resorts.
Read Winning the Timeshare Game's accurate pro and con report. http://timesharegame.com/c/companies/diamond/