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Roll back your stock's value in the Caribbean
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Elite Island Resorts
Are you sitting at home with a bunch of almost worthless stock, wishing you had sold it back in July before the market went sour? Do you wish you could just sell them and use the cash to go on a nice long, well deserved Caribbean vacation? Well, there is a luxury resort company that feels your pain and has come up with a very interesting solution to your problem.
Elite Island Resorts has some exceptional properties in Anguilla, St Lucia, Tortola, Grand Caymans, Nevis and the Grenadines. They have announced a deal of a lifetime: they will roll your currently depressed stocks back to their value from July 1, 2008 and then accept up to a maximum of $5000 per room transaction in these stocks. This is a very unusual marketing trick and it just might work!
Stocks will be accepted as payment when transferred to Elite Island Resorts from December 5, 2008 until January 31, 2009 and are valid for vacations from now until December 20, 2009. According to their website, Elite has set aside $10 million in resort accommodations toward this program and there are no blackout dates. Yes, that means you can treat someone with a great holiday trip, Spring Break or even a honeymoon and the resorts this company owns are some of the very top notch properties in the Caribbean. You could even come for Carnival 2009. Read more about Carnival in the Caribbean on a previous article here.
About 100 stocks have been selected for this promotion including: American Express, Boeing, Bank of America, Citigroup, Dell, General Electric, Google, Goldman Sachs Group, MetLife and many more.
While your stock is being transferred to a special Merrill Lynch account, you can hold a room reservation with your credit card, which will not be charged. Participants are also allowed to change their reservation as long as it remains within the December 20, 2009 time frame. These reservations can not be made online, you must call Elite directly at 866-237-1366 or email reservations@eliteislandresorts.com
Here’s an example of how this works. Let’s say your family of four decides to book at The Verandah Resort and Spa in Antigua. If you transferred your American Express stock, which closed at around $20 on December 1, 2008, Elite will value the stock at $40 per share in resort credit. So a seven night trip for the whole family will run $4,445 at The Verandah, but you will be purchasing it with only 111 shares of stock. Very clever.
What makes this offer even more enticing is that your accommodations at The Verandah is a cozy, 700 sq ft Caribbean cottage with an ocean view balcony. The cottage is furnished with a king-size bed and a queen sleeper sofa, vaulted ceilings, granite countertops, flat-screen, satellite TV, mini fridge, microwave and wet bar. The accommodations at all of their properties are quite similar.
So if you are itching to dig your toes in the sand, don’t despair, the Caribbean is getting very smart about finding ways to make it easier on your pocket book.
For more info: http://www,.eliteislandsresorts.com
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