Thank you Sherrie Sent from my Verizon, Samsung Galaxy smartphone
-------- Original message --------From: sherry@xxxxxxxxxxxxxxx Date: 7/9/19
1:30 PM (GMT-08:00) To: aem-vanc@xxxxxxxxxxxxx Subject: [aem-vanc] Re: Status
of current objections to Receivership Hello,Wanted to let everyone know if we
need a meeting place with a room that will accomodate up to 40 people, we can
use my work office building at Remax Equity Group located right next door to
the Heathman Lodge, near Vancouver Mall. Just need an advance notice to make
sure no other meetings are going on. Wanted to put it out there.Sherry
Beattie360-921-5871-----Original Message-----From: "Neil & Marilyn"
<nmr1311b@xxxxxxxxx>Sent: Thursday, July 4, 2019 10:18pmTo:
aem-vanc@freelists.orgSubject: [aem-vanc] Re: Status of current objections to
ReceivershipThanksOn Thu, Jul 4, 2019 at 10:04 PM Ila Stanek
<timeout29@xxxxxxxxxxx> wrote:> Thanks so much.>> Sent from Ila's iPhone with a
mind of its own.>> On Jul 4, 2019, at 9:48 PM, Cbugas <chrisbugas@xxxxxxxxx>
wrote:>> The names and addresses of all the creditors are on the Hamstreet
website> under documents .>> The protective password is AEMdocs2019!>>>> Sent
from my iPhone>> On Jul 4, 2019, at 5:31 PM, Neil & Marilyn
<nmr1311b@xxxxxxxxx> wrote:>> Thanks Trey. Hope your efforts have an impact!
I'm out my entire> retirement funds, less any we may get back. And I'm
certainly not the only> one.>> On Thu, Jul 4, 2019 at 4:51 PM treytennyson3
<treytennyson3@xxxxxxxxx>> wrote:>>> The court has the power to authorize the
disclosure of investor and>> address information. I am going to ask Tim Dack
to look into this right>> away. We are all better off connected in this mess
and will have more>> power as a United front.>>>> Trey>>>>>>>> Sent from my
Galaxy Tab A>>>> -------- Original message -------->> From: Ila Stanek
<timeout29@xxxxxxxxxxx>>> Date: 7/4/19 4:35 PM (GMT-07:00)>> To:
aem-vanc@xxxxxxxxxxxxx>> Subject: [aem-vanc] Re: Status of current objections
to Receivership>>>> I doubt privacy laws would allow such a release without a
court order ->> and a good reason for it as well. Just sayin’>>>> Sent from
Ila's iPhone with a mind of its own.>>>> On Jul 4, 2019, at 3:40 PM, Neil &
Marilyn <nmr1311b@xxxxxxxxx> wrote:>>>> Trey..........Do you know if it is
possible to make Hamstreet turn over>> all the email addresses and or home
addresses of Investors? I'm given to>> understand they will not do it
willingly. Can the court make that happen?>> Thoughts? Neil 360 903 0055 or
nmr1311b@xxxxxxxxx>>>> On Wed, Jul 3, 2019 at 11:29 AM Neil & Marilyn
<nmr1311b@xxxxxxxxx>>> wrote:>>>>> Thanks Trey. Neil Rylander 360 903 0055,
1311 NW 131st Way, Apt B,>>> Vancouver, WA 98685 Please add me to your list.
Thx. Neil>>>>>> On Wed, Jul 3, 2019 at 7:49 AM treytennyson3
<treytennyson3@xxxxxxxxx>>>> wrote:>>>>>>> Thank you. I will be back in touch
after speaking with Tim Dack. Have>>>> a good July 4th!>>>>>>>>
Trey>>>>>>>>>>>>>>>> Sent from my Galaxy Tab A>>>>>>>> -------- Original
message -------->>>> From: Gay Maclellan <gay@xxxxxxxxxx>>>>> Date: 7/3/19 7:26
AM (GMT-07:00)>>>> To: aem-vanc@xxxxxxxxxxxxx>>>> Subject: [aem-vanc] Re:
Status of current objections to Receivership>>>>>>>> We will be a part of your
request.>>>>>>>> Robert and Gay MacLellan>>>> PO Box 61467>>>> Vancouver, WA
98666>>>> 360-609-7330>>>> gay@xxxxxxxxxx>>>>>>>>>>>> Gay MacLellan>>>> Cell
Phone:>>>> 360-609-7330>>>>>>>> Medford Office Address:>>>> 3126 State St. Ste.
200>>>> Medford, OR 97504>>>>>>>> Vancouver Mailing Address:>>>> PO Box
61467>>>> Vancouver, WA 98666>>>>>>>> On Jul 2, 2019, at 4:28 PM,
treytennyson3 <treytennyson3@xxxxxxxxx>>>>> wrote:>>>>>>>>>>>> Good afternoon,
fellow investors. My name is Trey Tennyson. My>>>> mother and I have very
large investments in the AEM 600 fund, but no others.>>>>>>>> I am a recently
retired trial attorney from Vancouver. As I relocated>>>> to Arizona a few
years ago, I hired Vancouver attorney Tim Dack to>>>> represent my interests in
the AEM receivership.>>>>>>>> After reviewing the legal documents (pleadings)
that American Equities>>>> filed with the court to start the receivership, I
became convinced that the>>>> receivership had been improperly started. The
documents that were filed>>>> with the court showed that American Equities (as
Manager of each of the>>>> different funds) had made what is called an
assignment of assets to the>>>> Receiver in favor of its creditors. This is a
fancy way of saying that>>>> American Equities simply transferred our assets to
a third party who will>>>> now act as our new fund Manager. Unfortunately,
this new Manager (the>>>> Receiver) wants to be paid $500 per hour and wants
its attorneys (((Miller>>>> Nash) to be paid $500 per hour. These fees are
well in excess of the .50>>>> percent management fee we were paying to American
Equities.>>>>>>>> As you all know, each fund is set up as a separate Washington
Limited>>>> Liability Company(LLC). The investors in each LLC became its
members and>>>> also its creditors. LLCs in Washington are governed by
statutes. The>>>> most important statute relates to member voting rights, and
provides that>>>> ALL members must consent to any dissolution (dissolving) of
the LLC or to>>>> any action of the LLC Manager which is outside the ordinary
course of>>>> business of the LLC. The receivership would effectively dissolve
each of>>>> the LLCs and it is clearly not part of the normal course of the
business>>>> which is managing real estate investmen>>>>>>>> Last week, Tim
Dack filed an objection to the Receiver`s request for>>>> compensation
(including attorneys fees, receivers fees, accountants, etc)>>>> on the grounds
that the LLC investors did not vote to approve the>>>> receivership and it is
therefore illegal. We also onjected on the grounds>>>> that the receiver and
his attorneys were requesting that they be paid>>>> different amounts of money
from each LLC for work that they claimed>>>> benefitted each fund equally.
This could cause some funds to pay far more>>>> than their fair share and hurt
the investors in these funds.>>>>>>>> My mother and I were the only investors
to file an objection to the>>>> Receivers request for compensation. However, I
am sure many of you share>>>> these same concerns and would agree with these
positions. None of us voted>>>> to set up an expensive receivership. What we
need is a new Manager of the>>>> LLC funds who is competent , will work for a
reasonable fee and can>>>> gradually liquidate the funds in the way that
returns the most money to the>>>> investors.>>>>>>>> As a result of our
objection, the Receiver will have to file a legal>>>> motion and set a hearing
in front of Judge Gregerson. This will be done in>>>> the next week or two and
the hearing will likely be in late July.>>>>>>>> The Receiver has also
scheduled a hearing in July where he is>>>> requesting approval from the Judge
to sell property owned by all the LLCs.>>>> We are objecting to this request
because the receivership was not properly>>>> approved by the
investors.>>>>>>>> My attorney has requested that I find other investors in the
AEM 600>>>> fund and the other funds who will join in writing and support
our>>>> objections. This will show the Judge that many investors object to
the>>>> receivership and the sky high fees that come with it. If you are
willing>>>> to sign such a statement, please email me with your name, address
and>>>> telephone and either myself or my attorney will contact you. With
our>>>> combined effort, the Receivership can be terminated and a new
Manager>>>> properly appointed that will return a much larger amount to the
investors.>>>>>>>>>>>> Trey Tennyson>>>>
treytennyson3@xxxxxxxxx>>>>>>>>>>>>>>>> Sent from my Galaxy Tab A>>>>>>>>>>>>
