Hi Neil,
I’m not going to be able to make the meeting this morning. The timing didn’t
work for me. Will there be a someone taking notes that can be shared with
those that can’t be there?
Thanks
Sent from my iPhone
On Jul 1, 2019, at 12:49 PM, Neil & Marilyn <nmr1311b@xxxxxxxxx> wrote:
Peach Tree is a 6600 NE hwy 99, Hazel Dell, WA
On Mon, Jul 1, 2019 at 12:46 PM Neil & Marilyn <nmr1311b@xxxxxxxxx> wrote:
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
