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I signed with Podular March 7 2022. They have $235,000.00 and have only some framing up with no consents through council as of today 30 October. Speaking with the Christchurch builder the newest director has withheld outgoing money for all builds for the last six weeks. Approx the time he has taken over shareholding. Charles is 5% holder. Ilan 95%. They refuse to give a refund and won’t build our houses. The builder are at home getting paid. The builder told me this. This will be on all depots nationwide I would say.
Draining out our money to pay staff while stopping all builds (in Chch for sure) can only lead to receivership. The talk of an overseas buyer very possibly a smoke screen to keep the wolves from their door. Just another excuse. Won’t answer calls or emails. And if they do you get abused for demanding answers. Management not just clowns but thieves. Dishonest. Outright liars. I am on anti depressants soley because of Podular. My life savings are with them. No refund and no building. The builder has been asking for money to buy product for weeks and Ilan won’t release any. Money frozen. Could our money be in an overeseas bank account? Cause we are being ripped off blind. Gutted. Devastated.