Foundation Capital Harvest Group of C...
Dannyboy

Calgary, Canada

#351 Apr 14, 2012
One thing I would encourage, no matter where you stand on the various issues, is to contact your new MLA and provincial treasurer once the Alberta election is over.

The ASC has failed us. I issued complaints early on about both FROG and Concrete Equities. They were ignored.

If you take a look at E+Y's main page, you will see a lot of similar investments are listed.
Hang em high

Sherwood Park, Canada

#352 Apr 14, 2012
Thinkabout it wrote:
OMG...this blog is being over taken by the blame game and finger pointing, there is so much of it I'm crossed eyed. So I'm getting the message that its UCC members and Foundation people on here and some lost soles trying to make sense of this whole thing. It's worst than a bunch of women argue on "The View" Where's Judge Judy when you need her.
There a lot of pissed investors posting here, me being one of them. They are not lost souls, they are pissed investors venting. Please don't trivialize the ruining of people's lives, with a stupid comment like this.

Yes, they are doing finger pointing just like me. But our fingers are pointing directly at Aitkens. His greed is the cause of all of this. He's the one that has ruined our lives, and his supporters who are likely being paid well with our money, should be ashamed of themselves.

I hope we get a judge like Judge Judy. She would look at the issues that have come to light so far and throw the bastard in jail where he belongs! This is just the beginning, wait until everything comes out.

I cannot get any of the Ron supporters on theis board to comment on Kyle Brown's affidavit. c'mon guys, let have some comments.

Someone on this board managed to post a link to the affidavit. I tried posting the link last night but couldn't make it work. Could you please post it again? Thank you.
Hang em high

Sherwood Park, Canada

#353 Apr 14, 2012
Dannyboy wrote:
One thing I would encourage, no matter where you stand on the various issues, is to contact your new MLA and provincial treasurer once the Alberta election is over.
The ASC has failed us. I issued complaints early on about both FROG and Concrete Equities. They were ignored.
If you take a look at E+Y's main page, you will see a lot of similar investments are listed.
Go one better. Let the Feds know about this too. Send an email to the Prime Minister, The Minister of Justice and The new leader of the official opposition. Their emails are all listed on the Government of Canada's website. They have to know that we need to bring in legislation like the U.S has to deal harsher sentences to offenders of white collar crime. Maybe if the Justice Minister gets enough complaints he might get the head of RCMP to have a look into this. The numbers are staggering enough to maybe get their attention.

Since: Mar 12

Abbotsford, Canada

#354 Apr 14, 2012
Now that we know these projects are being revealed to have missing funds how does one find out about projects that are not in CCAA protection, can one assume that other projects (Harbour View, RockyView,etc) have been raped or will Aitken take anything that me be left in any of these and transfer it to ACE/Legacy like he did with Liberty Crossing. If he does then he really doesn't pay anything back but I'm sure the monitor will see that. Alot of investors have money in other projects other than the ones discussed so far and are wanting to find out. Would Aitken truthfully give financial statements of the other projects to see if there's anything left to the investors or would they have to be obtained by court order?
watching from a distance

Calgary, Canada

#355 Apr 14, 2012
http://www.foundationinvestorsucc.com/docs/Af...

Copy and paste the link above to fully read the affidavit of Kyle Brown regarding the appointment of a new CRO for the Airdrie, Railside and Foundation Place properties.
watching from a distance

Calgary, Canada

#356 Apr 14, 2012
Randy_N wrote:
Now that we know these projects are being revealed to have missing funds how does one find out about projects that are not in CCAA protection, can one assume that other projects (Harbour View, RockyView,etc) have been raped or will Aitken take anything that me be left in any of these and transfer it to ACE/Legacy like he did with Liberty Crossing. If he does then he really doesn't pay anything back but I'm sure the monitor will see that. Alot of investors have money in other projects other than the ones discussed so far and are wanting to find out. Would Aitken truthfully give financial statements of the other projects to see if there's anything left to the investors or would they have to be obtained by court order?
As expensive as CCAA protection has been, it does do some very good things. A monitor that is appointed by the court goes through all transactions and provides a full accounting to the bond holders. In consideration of the way these first 4 projects were handled, one could hope the others also follow course and bond holders are at the very least able to get truthful information on what is happening with the projects and their money. You could attempt to contact your salesperson, or Harvest directly, however their brand of "truthiness" might not be what you are hoping to get.

Since: Mar 12

Abbotsford, Canada

#357 Apr 14, 2012
Thank-you very much, I did reach my salesman about what I have learned from all the information that I've been privy to but the first thing he said was "You've got some information that's not quite right, it's not as grimm as you think it is" so I have a feeling he's dedicated to the Harvest Group and their thinking but I will rely on the monitor's findings and keep reading affidavits as I am not able to go to meetings because it is not my project that is subject yet to CCAA protection. There is good info on this forum, and I understand the venting and name calling and I am guilty of some of it but no one wants to see their money go to something else it wasn't meant for in the first place. We dealt in good faith and we weren't treated in the same respect.
Anonymous

Calgary, Canada

#358 Apr 14, 2012
A shout out to "MY" Harvest Group dealer/salesman,
broker whatever your title and company your now with is. If I hear of you or learn of you still supporting this dysfunctional investment group after all the information now exposed, your FIRED and don't bother calling me ever again trying to pitch another investment,for were through!
The minimum I now expect of you is to keep me informed of the UCC,support a change in management,strongly express the concerns from your investors to Aikens and keep a close rein on the other investments you have me invested in with HGC.Unfortunately your reputation is attached to this debacle whether you like it or not and I won't forget it.
Calgary Investor

Calgary, Canada

#359 Apr 14, 2012
For those looking for a link to the affidavits, judges orders, monitors reports, etc. they are all available from the main page or Ernst and Young's page dedicated to this CCAA proceeding. The link to the main page is http://bit.ly/rPxVSo

The link to the most recent affidavit filed by Kyle Brown that some have been referring to is here: http://bit.ly/HBuEJ8 This is a pdf document that is quite large so it may take some time to download depending on your internet speed, but well worth a read as are the other documents on the site available through the first link.
Calgary Investor

Calgary, Canada

#360 Apr 14, 2012
Randy_N wrote:
Now that we know these projects are being revealed to have missing funds how does one find out about projects that are not in CCAA protection, can one assume that other projects (Harbour View, RockyView,etc) have been raped or will Aitken take anything that me be left in any of these and transfer it to ACE/Legacy like he did with Liberty Crossing. If he does then he really doesn't pay anything back but I'm sure the monitor will see that. Alot of investors have money in other projects other than the ones discussed so far and are wanting to find out. Would Aitken truthfully give financial statements of the other projects to see if there's anything left to the investors or would they have to be obtained by court order?
If your project is not in CCAA protection, your likely limited at this point to ask for information from Harvest/Ron Aitkens or if there is a designated person to your project, go to him/her. I wouldn't bother going to your salesperson as they won't have all the answers. Remember they were hired to sell the project and some I've talked to recently readily admitted they didn't know all of what was going on. They only get told what their bosses tell them.

As to getting financial statements, etc., I would suggest going over your offering documents (e.g. OM, bond agreement, etc.) that you got with your project and see what the company is required to provide. If you are unclear about it, consult your own lawyer. You can spend a few hundred dollars for a competent lawyer to review your docs and give you advice. Most people likely have at least $10K invested so it's probably worth it but obviously its your choice. Once you know what the company has to provide then go directly to top to try to get it. Your lawyer could help with this as well too, but of course it will cost some money. Lastly, following along with what's happening with the Harvest projects that are in CCAA will likely be useful as well, if only peripherally.
Hang em high

Sherwood Park, Canada

#361 Apr 14, 2012
Randy_N wrote:
Now that we know these projects are being revealed to have missing funds how does one find out about projects that are not in CCAA protection, can one assume that other projects (Harbour View, RockyView,etc) have been raped or will Aitken take anything that me be left in any of these and transfer it to ACE/Legacy like he did with Liberty Crossing. If he does then he really doesn't pay anything back but I'm sure the monitor will see that. Alot of investors have money in other projects other than the ones discussed so far and are wanting to find out. Would Aitken truthfully give financial statements of the other projects to see if there's anything left to the investors or would they have to be obtained by court order?
I doubt you'll see any of the other financials right now without a court order.

I asked to see them for Spruce Ridge, and it was the same story. The books fell behind and right now their priority is getting the financials done for the CCAA protected projects. Pretty lame excuse since it is their job to keep financials current.

The Monitor does have inspectorship of the bank accounts of Ron's two personal numbered holding companies though, which is great for us since that's where most of the transactions were done.
FROG SCUM

Canada

#362 Apr 14, 2012
Does anyone have any thoughts on what part Olympia Trust or the CDIC might play in solving this theft.

Since: Mar 12

Vancouver, Canada

#363 Apr 14, 2012
Thank-you both for your insight and I will consider your recommendations.
Anonymous

Edmonton, Canada

#364 Apr 14, 2012
Hi, I'm not Nicole, just so we're clear, but I am a big fan of any woman who has the balls to stand up to a bully corporation that has been mismanaged and responsible for many squandered investor dollars. I have no idea why she would be burning with embarrassment, unless perhaps on behalf of you, for being so easily swayed in the obviously WRONG direction.

Tsk tsk.
funny but sad wrote:
<quoted text>
Oh, Hi Nicole!
are you still burning with embarrassment from the past couple of nights?
STOP THE INSANITY

Airdrie, Canada

#365 Apr 14, 2012
People. People.

Was anyone listening in Red Deer?

The little old retired guy stood up and said "Mr. Aitkens you have taken my life savings and have made over 70 million dollars and have nothing to show for it for investors like me, are you going to give some of our money back?"

Ron’s answer, "NO!"

Neil and Dave this and that; let’s use some common sense.

Noel is Ron’s partner in Sullivan Landing and Sullivan is failing.

You think you’re going to get the 8% from interest from FM3, think again and then let’s ask how they paid the last interest payment?

If you don’t believe that then let's get the lawyer Wayne Tinker, Noels partner to swear that’s not the truth.

So you want Noel to take over a 200 million dollar portfolio and he can’t even build a small development on time and on budget?!

I toured Sullivan, these guys blew all our money in FM3 on infrastructure and have not sold a home.

That’s called SPECULATION NOT DEVELOPEMNT! That’s a fact Cooler heads/wise up/ Roy Beyer’s.

Noel is the President of FM 3 do you think anyone has asked him in the meetings to disclose for the record how that fund is doing? NO!

How stupid are you going to feel when they announce in there next payment date that they can’t make the FM 3 payment?

You guys have your blinders on and I know why.

The monitor is NOT A CRO DID YOU NOT HEAR WHAT NEIL SAID IN RED DEER???

Forget the name calling these are the facts and everyone at Harvest is CONFLICTED.

GET THE LAND AND HERE IS A SIMPLE 5 STEP PLAN.

1. Now we the investor’s controlling the land

2. Call for offer from all the developer’s for Joint Ventures’; Jayman, Apex, Melcor, Trico, Shane Homes, Cardel, Hopewell etc etc. This costs us absolutely NOTHING!!!!!!!!

3. Choose the top 3 plan’s we like then vote on it and let the Pro’s do their job, neither Noel and or Dave hold a candle to any of the guys above so why would we pay them a commission to do what we could do for ourselves for FREE.

4. Go after Ron both civilly to get all the outstanding monies and if need be criminally.

5. Hand the file over to the ASC and call the newspapers to exert some pressure.

I spoke to a very good lawyer who was involved in Shire and Concrete and all they said was everyone needs to stop and realize there are lots of agenda’s so focus on getting in control and go look for some professional real estate developers that have nothing to do with the company that got you to the bad place.

The UCC is doing the best they can it’s obvious but I was in Red Deer and as ridiculous as the “Harvest” presentation was these UCC don’t have the horse power to do what’s needed and it’s clearly obvious to me that Noel and Dave are willing to say almost anything to make themselves look good and save Ron’s bacon. What are bunch of belly dragger’s.

Let’s direct Neil at PWC to do this and STOP THE INSANITY.

Judged:

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Robert

Airdrie, Canada

#366 Apr 14, 2012
Finally some reason!

thanks sti :-)
Ernie

Phoenix, AZ

#367 Apr 14, 2012
I am enjoying a holiday in sunny warm spot but I have some time to kill. As a child my parents told me that there were two valuable traits that I should live by. They are honesty and integrity and without them your life sucks!!! I am now retired and I still live my life that way.

My point is that all of us on this board best be willing to live and die by our comments and be truthful about your connection to the Harvest Group. I wonder if wise up and keep a cool head have the intestinal fortitud to show some honesty and integrity. In fact we all better as then we can form a vocal group that reads, learn, and discuss all the pertinent facts. Lets work cohessively as one. Is changing management the right thing to do or is the UCC group the right way to go or is the idea collectively to go to the Monitor choose a new CRO from outside Harvest. Also collectively contact a good class action law firm and jump on these guys right now before they can hide anymore money or assets. We need the monitor to go in front of a judge and ask to seize all Ron,s assets along with all his family aseets that can be tied directly to him and/or The Harvest Group and take his passport and that of any close associates so they don't end up in the Caymans.

I would happily sell my investments to wise up or Keep a cool head since its obvious you are closely tied to Ron and that group.
Roy Beyers is up to his neck in this and we shouldn't loose sight of him. not to bring religion into this but every time we had a talk it was ended with a God Bless. Check out Roy's bio on roybeyer.tumblr.com A Honorary Dr of Law Degree. Come on lets become proactive. Just so you know since I brought up the honesty thing my wife and I were the ones that went to the Saskatchewan Finance Commission and I would suggest that any investors reading this from Sask make a call!!!!
Hang em high

Sherwood Park, Canada

#368 Apr 14, 2012
FROG SCUM wrote:
Does anyone have any thoughts on what part Olympia Trust or the CDIC might play in solving this theft.
Someone posted on this board a few days ago about Googling Richard Skauge, Olympia Trust and Eyelogic. Well I did that and found that Mr. Skauge is the CEO of Olympia Trust and he has also served as the President of Eyelogic Systems Inc. If you look at the documents on E&Y you will see that Eyelogic charges some of the administration fees and I believe does that on all of the projects.

This is the Eyelogic business information I found on infomart

Key Executives
Richard Skauge, CEO
Ryan Hoult, CFO

Holds proprietary and patent rights to the Eyelogic System™, an equipment and software package that allows technicians to perform sight testing in concert with ophthalmologists and doctors to generate prescriptions. The system can interface with existing automated devices or be delivered as part of a turnkey operation including the sale and rental of computer hardware, software and equipment.

Sound a bit fishy to anyone?
Ernie

Phoenix, AZ

#369 Apr 14, 2012
Hi after I posted the above comments I went searching too and isn't interesting that things are so closely related! One thing I wanted to say in my lengthy post was it's apparent that Ron or Roy being the God fearing men that they are haven't shown alot of honesty or integrity no matter which angle you look at it!!
postman56

Calgary, Canada

#370 Apr 14, 2012
WiseUp wrote:
<quoted text>
. I am not a Harvest employee. I am however in the financial industry and have been of over 13yrs"
As we all long figured out, not technically a monthly employee of such, but a salesman of
this SHAT we all have grow to regret!

It's been suggested there has to be a motivating factor why they are all so loyal to Romping Ronny ,many have speculated they all have backloaded deals tied to Harvest. More investor money heading their way if Ron stays at the helm. Certainly explains their strong stance here on the forum!

I'm going to ask my salesman flat out if there's a back end load on these investments, if he's lying to me, I'll hand him a fist full of other redemptions and he's FIRED!!!

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