Ok, we will try for the next meeting
Sent from Rob's iPad Pro
On Jun 30, 2019, at 5:53 PM, Neil & Marilyn <nmr1311b@xxxxxxxxx> wrote:
I have a busy schedule. Offered 10 AM on Tuesday. Those that can attend
great, but I haven't time to change schedule. Off to Idaho for a week of ole
guy Smokejumper trail crew in Sawtooth's. So it's respectfully 10 AM Tuesday
or not. Can't have one person try and change at expense of others. Neil ps,
there can certainly be more meetings.
On Sun, Jun 30, 2019, 5:37 PM Neil & Marilyn <nmr1311b@xxxxxxxxx> wrote:
Scheduled for 10 AM. Several attending.
On Sun, Jun 30, 2019, 5:13 PM Robert Johnson <rdj11256@xxxxxxxxx> wrote:
Rob n Eva can meet in Vancouver, Tuesday after 1pm, or Wednesday anytime
before 5pm.
Right now, we have a few options which have been brought up to think about.
1. Change receivership
2. Change management
3. Forced bankruptcy
4. Join Rob n Eva’s lawsuit
5. New lawsuit going after the other entities (lawyers, accountants,
Minsker’s, Mile’s, Wiles’, etc.)
Sent from Rob's iPad Pro
On Jun 30, 2019, at 3:42 PM, Neil & Marilyn <nmr1311b@xxxxxxxxx> wrote:
Anyone that wants to show up, please do. I don't kno0w how the logistics
will work for the Peach Tree Rest, but we'll.:-) Chance to exchange
thoughts and evaluate. Neil
On Sun, Jun 30, 2019 at 3:40 PM Neil & Marilyn <nmr1311b@xxxxxxxxx> wrote:
Good, if at least one of you shows it will help with being more informed,
for better or worse. :-) Neil
On Sun, Jun 30, 2019 at 3:37 PM Paty <pat.witt@xxxxxxxxx> wrote:
Neil
I already have apt Tuesday 10 am but will forward to Bob
Dang!
Sent from my iPhone
On Jun 29, 2019, at 5:20 PM, Neil & Marilyn <nmr1311b@xxxxxxxxx> wrote:
Got an email from Bob Johnson asking if I'd find a place to meet on
Tuesday. My first thought is the Peach Tree Rest on hwy 99 in
Hazeldell. Called, no ans. But, Bill, Julia, Troy for starters, can
each of you be there? Not trying to leave anyone out, just thinking a
n=meeting of about 6 would work at a big, private corner table at a not
busy hour. Perhaps 10AM? Thoughts? Open to other places to meet so
suggestions welcome. Neil 360 903 0055 or nmr1311b@xxxxxxxxx
On Fri, Jun 28, 2019 at 6:51 PM Neil & Marilyn <nmr1311b@xxxxxxxxx>
wrote:
Bill..I sent an email to a few others, but don't know if you received
it. Got one positive reply back right away, but about a meeting of a
small group very soon to meet to discuss the issue. I assume you live
in Vancouver/Portland? If we don't have ability to move forward
without the total of 200 on board, we still need to try and start
something. Your thought? Neil 360 903 0055 or nmr1311b@xxxxxxxxx. Thx.
Neil ps got a quick reply from Troy which was positive.
On Wed, Jun 26, 2019 at 9:52 AM William Pritchard
<drwilliampritchard@xxxxxxxxx> wrote:
Good morning, fellow AEM Investors,
While we are all trying wrap our thoughts around AEM’s problems, it
appears we are scrambling to catch up.
Because it is wise that we all have good legal representation, for
each investor to have an attorney working on this issue is
inefficient and expensive.
Would anyone be interesting in joining forces in a class action
process to pursue civil legal proceedings. I believe we are all in
this together, perhaps I’m incorrect. But if we pursue any remedy, it
would wise to work together.
With hearing from Hamstreet that there has never been no audit and no
tax filings for the last ten years, the possibility of illegal
financial accounting seems to be looming. So pursuing a class action
civil suit against AEM principles may be a feasible and aid in
exposing additional financial assets.
I am open to any thoughtful suggestions and any opportunity to get
together and redeem our investments.
We need a leader, a spokesperson and a mutually agreed upon legal
team to represent us, the investors.
I wish everyone the best in this difficult time. At the May 30
meeting I was disheartened to see many good people in the senior
years affected by this trauma.
Let me know what suggestions and ideas you all may have.
Thank you, best regards
Bill
Bill Pritchard
drwilliampritchard@xxxxxxxxx
I would appreciate it, as I am sure you do, that our emails need to
stay private and not broadcast all over. This may impossible, be at
least we try. Thanks.
On Jun 23, 2019, at 2:48 PM, Julia Pond <juliapond@xxxxxxxxxxx>
wrote:
At this rate, Hamstreet and company will bill a million by the end
of the year.
--
Julia Pond
juliapond@xxxxxxxxxxx
On Sun, Jun 23, 2019, at 2:41 PM, LARRY MANSFIELD wrote:
Julia, unfortunately I was in involved in a Ponzi scheme years ago
and it is not over yet as of a few months ago the receivership
attorney had received 2.96 million and other attorneys associated
over 1.5 million and about another half million for miscellaneous
and probably received $.10 back on the dollar and the people
involved in that. The master mine does not get out of prison Until
2027 and his accomplice is out now and spent about three or four
years in prison I had checked American Equities out with the Better
Business Bureau police fellow investors and being local and in
business since the 70s I felt pretty comfortable
Sent from my iPhone
On Jun 23, 2019, at 2:22 PM, Julia Pond <juliapond@xxxxxxxxxxx>
wrote:
Usually, a bankruptcy attorney is the receiver (if court-appointed
in the usual manner). They bill at about $400/hour, but would not
require a second attorney to liaise with the court, as Hamstreet
does. So that is a costly duplication of billings.
--
Julia Pond
juliapond@xxxxxxxxxxx
On Sun, Jun 23, 2019, at 1:48 PM, Troy Rendon wrote:
Hi everyone,
To add to what Eva has said, my attorney has recommended similar
advice. Going after the funds / pools may be fruitless b/c they
are going to be liquidated in receivership, etc. So what is left?
The other entities (managers, accountants, attorneys , etc) that
remain. This would include Davis Wright Tremaine potentially
b/c they wrote some or all of these contracts for American
Equities. However, he warned this would be no slam dunk. There
is no guarantee what Ross, et al is worth (if anything) and Davis
Wright Tremaine is a large law firm that has the ability and
motivation to defend itself (it could be expensive).
I’m on the fence about appointing a different receiver. I agree
that the current firm is charging very high fees and that this
will get expensive. However, I believe that would be true of any
receivership. I would like to hear more about forcing a
bankruptcy and having a public entity (the federal courts)
overseeing the distribution of funds. However, what are the
risks of having a public entity overseeing a bankruptcy? I think
we need to learn more about all pros and cons of these potential
decisions.
Troy Rendon
Sent from my iPhone
On Jun 23, 2019, at 12:35 PM, Eva Johnson
<los-johnsons@xxxxxxxxxxx> wrote:
Julia,
We are in Oregon and more importantly, so is our attorney, so I
do not know if we could file for the motion to change
receivership. It’s my understanding that if we file for
involuntary bankruptcy (in Oregon or federally), it would make
it easier for our attorney to intervene. In any case, our first
step should be in my opinion, to get us together and have
someone who knows tell us our options. For instance, our
attorney suggested that we should go in mass to the District
Attorney’s office in Vancouver and/or to the US District
Attorney’s office in Portland. Or that we go after the entities
that are not in receivership, so the accountants and lawyers
working for AEM, along with the family.
But I am only relaying these ideas and cannot elaborate much ,
because I am not that well versed in the law. So it would be
better to hear these from a lawyer.
Eva Johnson
On Jun 23, 2019, at 11:39 AM, Julia Pond
<juliapond@xxxxxxxxxxx> wrote:
Yes. It changes the outcome for everyone if there is found to
be illegal activity.
The receiver also did not explain our options or procedures for
objections. He said only (and somewhat flippantly) that if we
didn’t like something we could take it up with the court.
A couple of weeks ago I contacted the FBI and made a report. I
pointed to the discrepancy between liabilities and assets as
well as the amount of money involved as evidence of a Ponzi
scheme. The agent who took my report said that the
entity/situation is known to them. They could not elaborate.
--
Julia Pond
juliapond@xxxxxxxxxxx
On Sun, Jun 23, 2019, at 11:33 AM, LARRY MANSFIELD wrote:
Also at meeting at Red Lion, he was asked if he would contact
or report any illegal issues to proper authorities and his
response was I am not here to prosecute or judge illegal
activities only to liquidate assets or words to that effect
were said, you are right he is representing Ross only.
Sent from my iPad
On Jun 23, 2019, at 11:15 AM, Julia Pond
<juliapond@xxxxxxxxxxx> wrote:
Agreed. The current situation is neither objective nor
least-cost, as we are entitled to as creditors. We need to
pursue the option to change receiver at a minimum. I am
willing to be one of the two that makes the motion. Can your
attorney file it?
My attorney is filing my objection to the notice of intent to
compensate. We have a couple of reasons in our objection, so
at least the runaway train that this has been is momentarily
paused.
--
Julia Pond
juliapond@xxxxxxxxxxx
On Sun, Jun 23, 2019, at 10:13 AM, Robert Johnson wrote:
Hello,
My name is Eva Johnson, I am Robert Johnson's wife. We
wrote and sent the letter to all we could, in an attempt to
get everybody together. This list-serve is a great idea,
thank for setting it up.
I think that we should pursue Julia's suggestion and file a
motion to change receivership. My husband I have been
talking to our attorney and we were told that we could also
force AEM into involuntary bankruptcy (possibly in federal
court), which takes it out of the receivership and puts it
into court. We need to meet ASAP. I am not sure how to
make this happen, anyone have an idea or would want to take
this on? We will have our attorney show up and help us
figure out our options. But time is of the essence. We
want to meet with as few or as many as are willing to do so.
Thank you,
Eva and Rob Johnson
On Thu, Jun 20, 2019 at 4:24 PM Julia Pond
<juliapond@xxxxxxxxxxx> wrote:
All,
It only takes a motion of two or more creditors (served and
filed within 30 days of the notice mailed to creditors) to
make the court order a meeting of all creditors to determine
whether a person other than the assignee named in the
assignment should be appointed as a general receiver.
I think we ought to at least try to get someone who doesn’t
have such high fees AND get Ross’ attorneys out of this
process.
As it stands, Hamstreet and the attorneys are on track to
bill over a million dollars by year end, and in any tough
decision will favor Ross over any or all of us—if it keeps
the money flowing.
--
Julia Pond
juliapond@xxxxxxxxxxx
