by Colin » Fri Aug 24, 2012 12:40 pm
Hi Myriam,
I am very glad you enjoyed your time in Alcudia Smir.
So because you see some improvement, you don’t think the syndicate should have to justify themselves by way of accounts, or have to submit themselves to a democratic election?
I won’t be giving anyone any further money until such times as I can see some proper audited accounts, until I see the people looking after that money as being willing to submit themselves to a proper and fair election.
If Mr. Houali is the best person for the syndicate, then he should be prepared to prove it by allowing all of the other owners to select him for the job, and he should be able to provide accounts to prove he is spending our money in an appropriate and accountable way.
The work that has been done by the syndicate, in my view, does not cost the thousands and thousands that Mr. Houali has collected from owners, where is all the money? (and why have we paid to build a shop for his friend without paying us rent?)
His defence of “I am doing all of this work without pay and for the good of everyone” does not wash – whoever is in charge of the syndicate needs to be effective and accountable, Mr. Houali is neither.
I pray that the EGM being called for is a success and this situation changes – the current situation is far from being good for the value of our investment, who on earth would buy into a situation where they have to give a huge amount of money to someone and have no idea how it is being spent!
I would urge everyone to make their vote count, whichever position they agree with, if you support Mr. Houali either attend or ensure you make arrangements for a proxy vote, if you wish things to change in the syndicate, then either attend or ensure you make arrangements for a proxy vote. What we need is for whoever is in charge of the syndicate to be elected by the owners.
Thanks,
Colin.