So frustrating the conference call today people talking over the attorney
sharing information.
The man at the end was really rude talkungto family about how prolific the
blueberries are this year! Going on and on!
Apology?????
This was a stressful phone conference these people didn't help at all!!!
Apology?????
Sent from my iPhone
On Jul 25, 2019, at 5:48 PM, Denise <dmhood@xxxxxxxxxxx> wrote:
It got much better
Sent from my Verizon, Samsung Galaxy smartphone
-------- Original message --------
From: Neil & Marilyn <nmr1311b@xxxxxxxxx>
Date: 7/25/19 4:13 PM (GMT-08:00)
To: aem-vanc@xxxxxxxxxxxxx
Subject: [aem-vanc] Re: American Equities meeting Thursday
Tried listening via phone, but was a mess. Nice try, but didn't allow for
hearing anything without folks speaking over the speaker and phone squawking.
On Thu, Jul 25, 2019 at 1:50 PM Doug Meddaugh <dmmedda@xxxxxxxxxxxx> wrote:
Excellent. Thank you.
From: aem-vanc-bounce@xxxxxxxxxxxxx [mailto:aem-vanc-bounce@xxxxxxxxxxxxx] ;
On Behalf Of Denise
Sent: Thursday, July 25, 2019 1:28 PM
To: aem-vanc@xxxxxxxxxxxxx
Subject: [aem-vanc] Re: American Equities meeting Thursday
Doug, I spoke with Trey this morning and asked that question. He stated to
me that it would NOT affect any investors in any way. Only the business.
Denise Hood
Sent from my Verizon, Samsung Galaxy smartphone
-------- Original message --------
From: Doug Meddaugh <dmmedda@xxxxxxxxxxxx>
Date: 7/25/19 1:23 PM (GMT-08:00)
To: aem-vanc@xxxxxxxxxxxxx
Subject: [aem-vanc] Re: American Equities meeting Thursday
Thank you, Trey. Your efforts on behalf of all the AEM LLCs (by extension)
are deeply appreciated and I agree with almost all of what you stated below.
However, there is one huge red flag for me in the last paragraph if I
correctly understand the potential implications (and I well may not). You
mention the idea of collection against ‘the current and future income stream
of American Equities, Inc.’ I am invested in the Parklands Estates
development and in no way support any legal action that would touch any of
the assets or income stream of that project. It is completely separate from
the AEM pools and should NOT be touched in any way by the AEM legal actions.
That would be an absolute conflict of interest for me and other AEM
investors with financial interests in other American Equities investments.
I will not be able to attend the meeting this afternoon but will be
listening in via phone call. I would just like to add that I am hoping what
comes out of all of this is the installation of a new manager charged with
unwinding any comingling of funds and engineering the liquidation of AEM
assets and distribution of proceeds for each pool with review by an external
auditor and with minimal need for multiple lawyers and the resulting
syphoning off of money that few can really afford. I understand the need for
a lawyer(s) for any legal action being considered against Ross Miles but it
seems to me that would best be done as an action independent of the efforts
to liquidate and distribute assets of the pools. I don’t pretend to know
many of the ramifications and complexities of all this but I’ll just
reiterate what I expressed in an earlier email, that my bottom line is to
maximize the total return to the investors.
Thank you for your consideration and if I misunderstood what you were
saying, perhaps you would clarify in case there may be others who have
similar concerns. Again, I really do appreciate your efforts. Thank you.
-Doug
From: aem-vanc-bounce@xxxxxxxxxxxxx [mailto:aem-vanc-bounce@xxxxxxxxxxxxx] ;
On Behalf Of Trey Tennyson
Sent: Thursday, July 25, 2019 10:45 AM
To: aem-vanc@xxxxxxxxxxxxx
Subject: [aem-vanc] Re: American Equities meeting Thursday
Good morning, Roy. I felt we should probably speak directly regarding your
plans. My name is Eugene "Trey" Tennyson. My mother and I have
approximately 1.4 million dollars together in the AEM 600 LLC, but no
investments in other funds.
I am a recently retired Vancouver, WA trial attorney with 28 years of
experience. I have handled cases in courts in Washington and Oregon
(licensed in both states) and also in Oregon federal court in Portland.
I wanted to update you on my efforts re: the AEM 600 LLC, as these have
bearing on the status of the entire global receivership. Through my
local attorney, Tim Dack of Vancouver, we have filed (1) an objection to the
Receiver's motion for compensation and other professional fees; (2) an
objection to the Receiver's request for court authority to sell property on
short notice and without hearing. We are also filing a Motion to Terminate
AEM 600 Receivership. The primary grounds for these motions are that the
court lacks subject matter jurisdiction over the receivership proceeding,
because it was not commenced properly as required by RCW 7.60.025.
Instead, it was commenced through an invalid assignment of LLC assets to the
creditors. This assignment of assets was an act which was clearly outside
the normal court of the LLC real property mortgage investment business (as
it true for all the LLCs which are part of the receivership) and it required
the unanimous consent of the members pursuant to RCW 25.15.121. It also
has the legal effect of removing the Manager, replacing the Manager, and
changing the management agreement (compensation of the Manager), all of
which require a 2/3 vote of the membership interests.
We expect that the court will grant our motion and, having determined that
all other LLCs have made invalid assignments, will have to dismiss the
receivership due to lack of statutory foundation (which deprives the court
of subject matter jurisdiction). Our hearing on our objections and motion
is scheduled for August 2, 2019 and we have requested a special setting off
the court's normal 9:00 a.m. docket.
I am interested in discussing your thoughts briefly re: collection against
Ross Miles/spouse, other principals/spouses, available liability insurance
(if any), and against the current assets and present and future income
stream of American Equities, Inc. I am concerned that federal court is not
the way to go because it requires considerably more legal time which will
jack up expenses significantly. I cannot attend the meeting today as I
live in Phoenix, AZ but I am also not satisfied at being unable to ask
questions. Give me a call today if you can at (360) 904-1767. Thank
you,
Trey Tennyson
On Wed, Jul 24, 2019 at 3:14 PM Robert Johnson <rdj11256@xxxxxxxxx> wrote:
From: Roy Thompson <roythompson@xxxxxxxxxxx>
Date: July 24, 2019 at 2:31:16 PM PDT
Reply-To: Roy Thompson <roythompson@xxxxxxxxxxx>
Ladies and Gentlemen,
As you may know, my firm represents Rob and Eva Johnson in regards to the
American Eagle/American Equities matter. They have been instrumental in
arranging a meeting involving as many of you (and your legal counsel) that
can attend and participate regarding the following issues:
1) Selection of a legal team;
2) Legal options available;
3) How to collectively reach out to law enforcement, and other federal and
state agencies; and
4) The creation of a fund pool for expected attorney fees and costs.
The meeting is scheduled for tomorrow, July 25, 2019 from 4:00pm to 7:00pm
at the Oregon State Bar, 16037 SW Upper Boones Ferry Rd, Tigard, OR 97224,
Columbia Suite B.
Because some of you have scheduling conflicts or cannot attend due to
distance issues, we have made arrangements for a general conference call-in
number so that you may be able to listen in on the meeting. Unfortunately,
we will not allow questions to be posed by those calling into the meeting
due to technology and time constraints.
The information for the conference call-in is as follows:
Call-in Number : 1-888-740-4219
When prompted enter the Participant Code : 792021
One of the important issues to discuss during this meeting is that the scope
of this project may require involving several law firms. I want to stress
that this law firm cannot work on this proposed project alone - we will need
legal partners to work collectively together to make this proposal feasible.
I will be there with other representatives of my law firm, but we are
hopeful that other legal counsel, including any legal counsel you wish to
invite to participate, will also be willing to participate and discuss
various concerns with this project. We are inviting any legal counsel who
cannot attend personally to listen in by phone and email me if there any
questions or ideas.
As Rob and Eva Johnson have already stated, one of the more important issues
to be addressed during this meeting will be the anticipated costs and
expenses (which would necessarily include attorney fees, legal filing fees,
depositions and other reasonable legal costs) that would likely be incurred
over the course of any litigation. In our experience, those anticipated
costs will be onerous if incurred individually. That is why we wish to
discuss during the meeting, the creation of a general fund pool to which we
would all contribute to cover the legal fees and other costs mentioned above.
In addition to the above, we are asking any and all of you to bring and/or
provide a list of the AE pools you belong to and how much you are owed in
each. Your latest statements or 1099’s would be most beneficial.
We look forward to meeting with you tomorrow. In the event that either
yourself or your legal counsel cannot participate, please let us know if you
still have interest in working towards a mutual goal as described above.
Roy B. Thompson
THOMPSON BOGRAN, P.C.
