Hi all,
Just an update and a clarificatiion. I am an owner at Reef Village and would like to clarify some things that Bill Nitchman the chairman for the new HOC claimed. He is correct that there is a new homeowners corporation in place to run the resort. What he is not telling you is that the reason this came about is because the owners came together to force a showdown with Jeff Pierce. He is also not telling you that he is a staunch supporter of Mr. Pierce and is working to try and keep him in power. He is also not telling you that the "few disgruntled" owners represent nearly 80% of the units and that well over 50% of the owners have signed on to a class action lawsuit against Jeff Pierce and his developement company RVEL. Just to clarify his statement of no power shutdown "THE POWER WAS SHUTDOWN FOR SEVERAL HOURS DUE TO NON PAYMENT" by Mr. Pierce. He is also behind in water and cable payments.

For the timeshare owners, THERE ARE NO TIMESHARE UNITS. Mr. Pierce rents some units from owners to house the time share owners. He has in the past put timeshare owners into owners units without their knowledge or consent and they were never given compensation. I would suggest that the timeshare owners start banding together and find legal representation because their will be few if any units to house timeshare owners in the foreseeable future. I am sorry to be the bearer of bad news but that is the reality of situation as it is today.