Visual Summary
(updated, March 2025) For those who like their information presented graphically, here are two diagrams. The first shows the Redruth-Eden project using the figures and timescales given in the contractual Investors Presentation document. The second shows the project as actually conducted by Eden Land Planning Ltd. The Promise: 22 Investors raise a fund of £2.24m It is used to purchase land for £2.1m (total acquisition cost, £2.2m) ELP retains the unspent £40k for working capital The land is sold for £3.1m Investor profit, £584,500 ELP profit, £250,500 As per Shareholders Agreement, ELP's profit is taken after completion of sale. The Reality: 22 Investors raise a fund of £2.24m It is used to purchase land for £1.475m. ELP does not reveal the purchase price. The surplus funds of £661,750 are covertly transferred from Redruth Eden to ELP. ELP's appropriation of 30% of the equity breaches the Entire Agreement between the Parties. The land is unsold after more than 6 years....