Help Needed Please!

Sorry to hear your having trouble.

I am looking forward to seeing further posts.

I connected with Jason via a Skype call around 4 months ago and he seemed professional and was prompt with replies.

Did you actually buy a property or just gave the funds as a off the plan purchase?

Thanks and have a great day.

Unlucky,

I would be happy to give you hand here.. If you get me the specifics in a private e mail.. I can have my National Title company pull all the records on the subject propety and I can have other contacts I have there do a drive by etc.

In addition I can tell you who you need to talk to in the Town or county the project is in and what questions to ask… IE regarding the development and contruction..

With these few things you should get a good feel for where your project is at in the entitlement phase. And or if its ready to go vertical.

Jay Hinrichs

From what I have heard, a ton of Aussies have jumped into this North Dakota nonsense.  Some will  make some money I suppose but it doesn't make long-term sense to do these kinds of deals.  Black gold is an interesting thing and there are lots of places in the US that boomed and busted over time when the oil ran out.  I wish those investors well but I would think the only way to get a good return there would be to flip it out to someone else.

I invested in a property in Florida USA in November 2013 with a group of members from around the globe.  The property has been rehabbed and is now up for sale.  Being my initial investment I only put a small amount of money as my share.  This group averages around 10% to 15% net profit paid out to members … is this okay for short term investment of 3-4 months?  Also, the group will have 7 properties in South Africa in the investment pool shortly – does anyone know or have experience in South Africa's real estate market?

H Unlucky, I alsoinvested in this Watford City North Dakota deal in multiple shares in the LLC.

I’m also very nervous. I spoke to Jason last month. His responses are not as prompt as before and he says he’s under a lot of personal strain.

Latest is he says he’s going to get a loan to pay all investors back just their investment. No money left for profit. Says it’ll take 12 weeks to complete, that was 6 weeks ago. I’ve not heard anything since.

Jason would rather take emails than phone calls.

If anyone else is in the same boat and would like to explore ways in which we could possibly safeguard our investment collectively please do share.

Perhaps see if this loan pans out over the next 6 week and legal recourse options if it doesn’t?

If any other investors went in as part of this and are nervous right now,please post here. We could network and maybe explore some legal options together if the proposed finance solution doesn’t pan out in 6 weeks. I know 1 Investor bought 10 units .Perhaps she would like to make contact.

Hi Ripeka,

I was not aware of any legal action in the US to recover investments in the Baken Saga. Are you referring to CF Gold specifically?

To date, I have not joined any legal action, the reasons being:

1. Jason continues to give monthly updates on his efforts to get a loan to pay out investors.
2. If 1, above, eventually works out, it will save a lot of legal wrangling (and personal drama, time, cost etc)
3. It might actually be counterproductive to sue the guy if he’s genuinely trying to work out a means of settlement. If he is trying to get a loan and has to deal with a court case, he might decide it is all too hard and go bankrupt.

He’s trying to pay everyone back what they invested, so in any case, it wouldn’t be a good investment, as the opportunity cost would be great, even if he achieved this. However, getting the sum invested back would be infinitely better than nothing at all.

I would be interested in networking with other investors who are in a similar boat to just share info for now and I’m holding off on legal action but I’m not going to wait forever and I am not ruling out legal action at a later time (especially if he stops being communicative).

Collectively, it would be useful to share any info beyond the monthly updates so we all are aware of details any one of us might know regarding getting our money back. Also we would be much stronger collectively if it ever gets to launching a class action or legal recourse of that nature. If you have not given up getting your money back, and you have a stake in this, you should post here.

If anybody in the same boat wises, I can be contacted by calling 08 9467 3377.

Please leave a means of contacting you and I will share everything I know. I will also share my real details once we are personally in contact.

Thank you.

Draaagon

Hi,

I invested into 4 shares in 2012. 6 years on investors still haven’t seen anything back.

However Jason is still providing monthly updates and it certainly doesn’t sound like here’s given up.

That all said I’d be interested in connecting with other investors for information and to work out if there’s anything we can do to help.

My email address should be in this signature.

Hello there, I ‘invested’ with Jason Simpson in the Watford city debacle, I did receive about half my money back, the last email I received was in Feb 2022, I was wondering how everyone else is going? I would hope to have some closure this year

Hi Purdo,

I don’t have any more info.  Jason going silent is the scenario I thought would happen if he decided to stop trying to get investor’s money back and just go AWOL.  I have the contacts of some other investors but I have not talked to them in a while and I am not sure if they have heard anything.

Have you tried emailing him?

Feel free to contact me but sorry I don’t have more for you.

Good Luck.