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Claimant's opinion: Promissory notes are written deceptively since the investor is led to believe that promise is based on a time frame, but the maker is holding the signed note based on security performance which is not what the promissory note says.
Claimant's opinion: It has almost been a year now that I went into an agreement with this company and they have not come through on any of their projections. This is not the only promise that they have not fulfilled with me. Out of five deals that I am in with them not one has come within the time frame that they have stated.
Claimant's opinion: Since all of these deals were supposed to be short-term funding opportunities. I have lost income from other investments that I could have done which would have gained me a larger percentage investment opportunities had this company only been truthful of money time commitments.
Claimant's opinion: A promissory note is worded to get the money from investors, however, once they get your money the switch is done to tie the non-payment of your money with the lack of success of moving the security.
Jimmy,Now I suppose I need to add to the way your company treats investors - intimidation for the receipt of a letter from your attorney a demand to cease and desist defamatory and disparaging statements. Defamatory is something that is not true and all of my comments are correct, and I have documentation for every one of them. 2 Promissory Notes (original) - due and payable on August 15, 20182 Promissory Notes (Modify) - due and payable on October 15, 2018Emails from you and Angie promising payment of both of these notes no later than March 15, 2019, or before after I sent an email to accelerate the notes.Email from Preston asking me to convert the money toward a rental propertyInformation from missed opportunities, because my money was not returned to me promptly, that with a higher potential than 1% a month. Jimmy, as you know, the other investments that I have with you are rehabs that have not materialized in the manner in which they were presented. My first investment with your company was on May 31, 2018, with a projected closing date of December 2018 and has not closed yet. The next one I invested in on June 22, 2018, with an anticipated close of August 2018 and this too has not yet closed. I will not post it here how much is invested with your company but with the promissory notes and these rehab investments it is a lot. This situation would cause any investor concern with a company in which none of the investments that they are in have materialized anywhere close to the projected dates. When I add to that fact that these grossly exaggerated timeframes have caused me to have to go back to a full-time job in order to pay the debt that this has placed me in therefore leaving me less time to explore new investment opportunities. These notes are way past due and instead of you paying them off as they are written, instead, you have tried any means in which to keep money that is owed back to an investor. I will be very happy when all the investments that I have with your company are finalized so that we can part ways. The original notice stands that I want to be paid for the two promissory notes that are now eight months delinquent.
I would have to say that the claimant is much smarter than Pwb Pg Ihg, Llc - Partners W/ Benefits and/or its attorney. Defamation is very specific; if the claimant can document that Pwb Pg Ihg, Llc - Partners W/ Benefits indeed owes the claimant the money and has not paid it, I would be very, very interested to know exactly what its attorney considers to be defamatory about this claim.
Furthermore, the American Bar and state Bar Associations take ethics violations very seriously. An attorney may not use their superior knowledge of the law "to harass or intimidate others."
In my opinion, the claimant should submit the attorney's letter and their own documentation of the debt to the State Bar of Texas and make a formal complaint. If the attorney is a member of a firm, it should be copied to the senior partner.
As for the debt, Pwb Pg Ihg, Llc - Partners W/ Benefits needs to pay it if it's due--past due--instead of hiring attorneys. Good grief.
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