Thanks Neil
What time?
Sent from my iPhone
On Jul 1, 2019, at 10:46 AM, Neil & Marilyn <nmr1311b@xxxxxxxxx> wrote:
I did stop in at The Peach Tree to ask about our meeting there. It's a go!
They will be ready for us I was assured. :-)
On Mon, Jul 1, 2019 at 12:32 AM Paty <pat.witt@xxxxxxxxx> wrote:
Good on you!🙏👍
Sent from my iPhone
On Jun 30, 2019, at 6:20 PM, Neil & Marilyn <nmr1311b@xxxxxxxxx> wrote:
Great, look forward to you 2 Being there. We are up, I believe to over 8 or
10. Thx. Keep in mind I'm just trying to provide meeting place, not be
leader of the pack. 😀
On Sun, Jun 30, 2019, 6:15 PM Cbugas <chrisbugas@xxxxxxxxx> wrote:
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
