Quote from @Dwaine Beck:
I just received a response from Marco. I asked for more information on what happened and how long he expects the suspension to last. He doesn't provide much more information than what was provided in the notice all investors received yesterday evening.
I want to acknowledge your concerns regarding the recent changes. Your feedback is incredibly valuable to us, and we understand that such adjustments can be unsettling.
The reason for our decision was this: Due to economic conditions our investments suspended and/or delayed distributions, and out of an abundance of caution we chose to act expeditiously and with conviction to convert everyone so that the temporary storm can be weathered and everyone comes out the other side.
I understand that this might not be immediately apparent, but we decided to implement these changes after careful consideration and analysis to ensure the long-term stability and sustainability of our business, which we believe will ultimately benefit all our investors.
We fully recognize that you might have additional questions, and we are more than willing to address them in the coming weeks.
Thank you for your understanding and continued support. We value your trust and are committed to ensuring our partnership remains strong and beneficial for both parties.
Please rest assured I'll provide further updates as additional information becomes available.
Sincerely,
Marco Santarelli
I asked a specific question and received this exact response which is clearly a form letter. There was no acknowledgement of my question whatsoever. I do not anticipate any actual transparency all things considered, unfortunately. I also received a marketing email from them this morning advertising this very fund that is now defaulting its distributions. This has some hallmark behavior that are worrying to say the least.
