10 AM Emailed Bob to let him know it a go.
On Mon, Jul 1, 2019 at 11:48 AM Paty <pat.witt@xxxxxxxxx> wrote:
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
