Would it be useful to respond affirming you're going so a head count can be
made. Jim and I will add two more into the mix.
Chris Bugas
Jim Kulik
Sent from my iPhone
On Jun 30, 2019, at 5:59 PM, Neil & Marilyn <nmr1311b@xxxxxxxxx> wrote:
Thx Bob, it's just hard to go changing days or times now. Expect not just
several, which by definition is only 3, but many more I think. Neil
On Sun, Jun 30, 2019, 5:56 PM Robert Johnson <rdj11256@xxxxxxxxx> wrote:
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
