They're regulated by Florida timeshare law. In a nutshell, they have an existing base of points that represents the current inventory. In order to sell more points, they need to add inventory. While there is a carve out for pre-sales, the new inventory has to be ready within a certain period, and those buyers informed that they cannot use their purchase before the inventory is ready. To prevent unscrupulous sellers from pre-selling, there are requirements to get to a specific percentage of completion before pre-sales, and significant penalties for not meeting the projected opening dates. Since this is a second phase of an existing timeshare, there may be even more rules regarding pre-sales. So, don't expect "VGF2" points to be sold until a LOT closer to the projected completion date than 9+ months away.