There is a good deal of misleading information contained in the promotional material for Safe Island Land Alliance, and information that is not included in the materials I have seen.
The quarter section is not owned by the promoter(s). Only a relatively small deposit has been put on it, and the balance is due in mid March. The promoter will be able to purchase the land if he makes a few sales of "shares" before the middle of March.
Not only can each 10 acre "share" not be sub-divided, the entire parcel can not be subdivided, as there is no public road, only a legal easement, to the property. People who buy in to the project will be buying a share of a corporation, and a dream or a nightmare, not a piece of property.
The principal, Michael Ruge, has a record of less-than-trustworthy actions. If you, or anyone you know, are considering buying into the Safe Island Land Alliance, be sure to talk to a lawyer, and spend some time checking Mr. Ruge's reputation on the internet.
I have asked the BC Securities Commission whether their ban on him selling, promoting or trading shares applies to shares in property, but I have not heard from them yet.
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