I want to speak to Jim Lewis, so why can't I?

[Dean]

I looked at the POS, as I knew it would have to be for them to do this but I could not find it.

Do you know were or what it says, does it say they use historical data.

I'm looking at the Multi Site POS. See section III.4.d for some breakage info. Also III.9 under home resort rules and reservations also in the Multi site POS. Where it says

Some or all of this inventory may be made available for rental reservations if it is anticipated that the Vacation Homes will not be utilized by Club Members.

They also have the right to change the breakage from as low as 30 days to as high as 90 days. My info suggests they are very conservative in making sure they don't impinge on real reservations that would occur before the 60 days window so I don't see this as a problem as all. Overall this is a good thing for members but like everything else in timeshare, it assumes the company is playing above board.

They way the POS works is just like state laws. You have the law, then you write the rules based on the law. The law must give authority for a given item and not preclude it. It does not need to spell out the details in the law. Sometimes there are conflicts between one section vs another, likely the best example of this type of conflict is the section requiring turnover to the members at a certain point vs the retention of control by DVC in the form of the voting rep.

 

[Brian Noble]

but like everything else in timeshare, it assumes the company is playing above board.

This is an important bit. Ultimately, you either trust DVCMC, or you don't. If you do, it's probably not worth trying to figure out how it all works. If you don't, there is no way you can *really* know how it all works no matter how much time you spend trying to figure it out.

 

[Sammie]

This is an important bit. Ultimately, you either trust DVCMC, or you don't. If you do, it's probably not worth trying to figure out how it all works. If you don't, there is no way you can *really* know how it all works no matter how much time you spend trying to figure it out.

This I totally agree with. I might not agree with everything they do, but I do trust them to adhere to the policies that are legally required. For one thing I figure anything related to Disney is under intense media focus, anything that smelled like a rat would be found out.

 

[Brandis]

Getting back on the topic of "talking to Jim Lewis".

I like it how Philippe Gas, CEO of Euro Disney SCA is handling this, every couple of months, he announces a date for a shareholders round table to which interested shareholders can sign up on a first come, first served basis and where they then can talk to Philippe in person and ask questions.

The number of people that can sign up for each session is very limited. But this makes it possible for them to listen to everyones concerns.

Another drawback is that the dates for those sessions are usually very short notice, usually less than a week, but the reason is that Mr. Gas' schedule is obviously very busy and with the short notice he can make sure that no other meetings will interfere with the round table shareholder meet.