What the outlet published · Sentence 14
“Consideran que la incorporación de Amoda y las sucesivas comunicaciones sobre supuestos avances sirvieron para proyectar una imagen de continuidad mientras el desarrollo real permanecía, según su versión, prácticamente paralizado.”
Translation · ES
They consider that bringing in Amoda and the successive announcements of supposed progress served to project an image of continuity while the actual development remained, on their account, practically at a standstill.
What this claims, in our words
THE FACADE ACCUSATION: that Amoda and the progress announcements served to look like continuity while the work stood still. It is the affected investors' reading, and the outlet marks it as such.
What the other side says
This is an allegation by complainants, not an established fact. The claim that the development was “practically at a standstill” can be tested objectively against construction records, photographs, completed units, infrastructure and dated evidence from Indonesia. It should not be established merely by repeating the interpretation of dissatisfied investors. There is also a fundamental contradiction in this allegation: if the company progresses and announces new construction and developments, this is characterized as an attempt to “create an image of continuity”; if progress is slower than expected, the same parties characterize the project as being “at a standstill.” The existence of a large-scale development being built progressively in phases should not be interpreted negatively in either scenario. Before the current media coverage and public allegations, the company was actively helping investors who no longer wished to remain in the project by assisting them with the resale of their plots to new investors. This was one practical way of providing an exit route for investors who wanted to leave while allowing other investors who wanted to enter the project to acquire plots. The current media campaign and allegations have, understandably, made this process considerably more difficult. Selling a plot in a development that is being publicly portrayed negatively is significantly harder than selling the same asset before such allegations were circulating publicly. This creates an additional challenge for both existing investors seeking an exit and new investors considering entering the project. Despite these circumstances, the project continues to move forward. A team of more than 15 people is working on the ground and across the project on construction, operations, infrastructure, investor support and development. The company continues to make efforts both to advance the development and to provide solutions for investors who want to remain in the project as well as those who no longer wish to do so. The progress of the development can also be independently verified through dated photographs, construction records, completed units, infrastructure and the project’s publicly available map and regular investor communications. These objective records are substantially more relevant to determining whether a project was “at a standstill” than the subjective characterization of a group of dissatisfied investors.
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