Keep in mind that I am only taking responsibility for setting up a meeting.
I am not doing anything but that. I'm not leading. Just trying to get folks
together. :-)
On Sun, Jun 30, 2019 at 8:20 PM Neil & Marilyn <nmr1311b@xxxxxxxxx> wrote:
Yes, could be, Maybe bring it up at meeting? Neil
On Sun, Jun 30, 2019 at 7:47 PM Ila Stanek <timeout29@xxxxxxxxxxx> wrote:
Of course. My daughter has returned to BC but she was the one who set up
the listserv. I know there’s an option in the program for daily recaps
instead of the multiple messages. Is that something that some members might
want I wonder?
Sent from Ila's iPhone with a mind of its own.
On Jun 30, 2019, at 7:35 PM, Neil & Marilyn <nmr1311b@xxxxxxxxx> wrote:
I tried calling them (rest) late yesterday but no answer. I'll call, or
stop in tomorrow (Monday) to verify. Good to have you there. If anything
changes, I'll notify all. Thx for the reply. Neil
On Sun, Jun 30, 2019 at 7:31 PM Ila Stanek <timeout29@xxxxxxxxxxx> wrote:
I will be there as well representing my husband and my son and I. It
should help shake out some ideas that will give the investors a better feel
for control (even if our actual control isn’t what we’d like).
Has anyone notified the restaurant ?
Sent from Ila's iPhone with a mind of its own.
On Jun 30, 2019, at 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
