Galt's Gulch Chile, Jeff Berwick respondsSubmitted by Ira Freeman on Sun, 08/31/2014 - 20:37
Jeff Berwick spills his guts here. Thoughts anyone?
I agree with a lot of what he says. As an entreprenuer myself, he hits on many key points that resonate with me.
Time will tell if he can unfcuk the mess he's in.....
It's my fault.
Those who have been reading some of my internet scribblings over the past months or years know I've been going down a very interesting path. Having graduated with a MASTERS DEGREE from the school of hard knocks in Austrian Economics and political "science" over the last decade I've begun to dig even deeper into an understanding of the very question of life. Heck, we'll see if I am still alive by the end of this blog entry. Yes, I am serious about that (I think I will be... but I'll explain below why I haven't killed myself yet).
I also want to state that I am not drunk and am just a few sips in to a glass of red wine RIGHT now and won't be drunk by the end of this article. This is all coming straight from my heart after a year of looking in the mirror daily and asking myself who is this person and does he deserve to be here and after spending most of the day today meditating in my underwear and a lot of eye water .
This may get wacky or weird by the time I'm done writing. But before I drizzle digital ink upon you I do want to clarify a few things about the Galt's Gulch Chile (GGC) clusterfuck.
It appears that many PEOPLE have taken Wendy McElroy's and my writings as being that GGC was and is an outright scam, all the money has been stolen and fuck you very much. That is not the case at all if everything I currently know about it is true. I have a fairly high degree of certainty that GGC owns the property where it has been selling lots and that that property has water RIGHTS. This is information I have been told by GGC's past lawyer about a year ago... which was also the last time I had any access to information to anything related to GGC. It has more or less been verified by others investors over the course of the last year as well.
Unless things are even worse than I know about GGC, it can and should be fine and saved. There may need to be $1-2 million brought in to shore up some things, pay contractors and probably renegotiate some incredibly unbelievable contracts but if GGC owns the property (and it should... I know millions have gone into it) this can and should be an epic turnaround story after a period of incredibly horrendous MANAGEMENT.
The investors and buyers at GGC, as I stated before, are more than passionate about fixing GGC and as soon as we can find a way for them to get control of the company they INVESTED in it may be relatively easy to fix everything. By relatively easy I mean a number of months of untangling a mess, stress and work... but that will be easier than what many of us have gone through at GGC over the last 1-2 years.
So, with that said, here we go.
IT'S MY FAULT
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