Foundation Capital Harvest Group of C...
Steve

Calgary, Canada

#558 May 11, 2012
EXACTLY!!!

QUOTE who="Maureen"]With yesterdays announcement from the Honorable Justice Romaine,
I just can't understand the argument and reasoning to allow The Harvest Group to continue on.
It's not like they haven't had enough time to demonstrate their effectiveness or lack there of in this case as being a successful developer.God they've had five years to get it going, that's exactly why their in CCAA!!And are any of the other investments blazing a trail to the bank LOL!!
Harvest Group has spent loads of time campaigning to the investors that their the right people to lead us to the promise land when the company should be concerned on getting a plan completed, and showing transparency to the investors. We have been in CCAA for 5 months already waiting for this. We needed credible management not the same batch of dysfunction we've had to get the investors control of our assets and assist in maximizing the potential of whats left of these assets.
The one thing we all can control is make sure this was the last investment they get from any of us!!
PS. Kudo's to the UCC for kicking these guys ass into the court house
<quoted text>/QUOTE
Peter

Calgary, Canada

#559 May 11, 2012
Thanks James for letting me know that Pinnacle Wealth Brokers was also a broker for The Harvest Group, I'll be firing them next week ,since then hold some other investments of mine as well, and I now understand why they were supporting Aiken's and his buffoonery.!!
James wrote:
They did not act alone, the "advisors" that sold it did not do their homework, as professionals. Pinnacle Wealth Brokers, formerly "Alberta Land and Investment Brokers", sold millions of Foundation and Harvest Group, and is still defending them. "Solid Financial" out of Red Deer Sold Millions as well. Foundation was only one of the debacles that that have come from those investment dealerships. Ask your financial guy if their dealership has sold failed investments before you invest. Many groups just want the commission without the responsibility.
Hang em High

Edmonton, Canada

#560 May 11, 2012
I was dismayed and extremely pissed off at Justice Barbara Romaine's decision today. With all the evidence provided by the UCC her decision is incomprehensible to me. So I did a search of her name and look what I found on WaterWarCrimes.com . I am pasting in quotation marks just part of a story from WaterWarCrimes website.

"We think Barbara Romaine is part of the judicial mafia that operates in Canada and we will explain why and you can make up your own mind".

"When Ms. Gibbs appeared in court to argue her case, the presiding judge, Ms. Barbara Romaine, not only refused to allow Ms. Gibbs permission to appeal but also displayed body language and demeanor on the bench that indicated she was hostile to Ms. Gibbs and operating under instructions from insiders".

I would paste the link but I don't know how to shorten it to make it work here. But if you key in her name and waterwarcrimes.com you'll find the story. I would paste more but it's too long.

Was anyone at the courthouse in Calgary on Thursday? I heard from a friend that it appeared the Justice Romaine had made her decision right at the start of the proceedings.

Something just doesn't smell right here in my opinion.
depressed

Edmonton, Canada

#562 May 11, 2012
Postman56, it appears like you can log off and back on to Topix and Juge a comment again every time you go onto the forum. I think the X and dim light bulbs are Ronny's misguided followers just leaving Topix and coming back to it again and reJudging. You don't see many comments from them any more though.
Mitt

Calgary, Canada

#565 May 11, 2012
I have to say the comments about not ever to investing with a broker or company that you bought an investment through that your investment lost money means those people must be changing brokerage companies ALL the time.
Since when have you ever invested whether its through a bank a trust company a CFA that you have NEVER lost money in some form or another??? Public markets ring a bell??
Remember the person who completes the paperwork with you is NOT responsible for the future outcome of the investment. You are not buying a GIC. I bought my investments from someone who I would never hold responsible. When you invest, no one is holding a gun to your head. At the end of the day you make a informed decision on your own.
Remember Nicole S. and Kyle Brown also sold these investments, lots of highly qualified people did who are CFP's FA's and also the unregistered people before the regulatory changes came in in 2009.
Question from Calgary

Edmonton, Canada

#566 May 11, 2012
In the interim, other than the monitor, Ron Aitkens, Roy Beyer, who continues to receive wages? Are Project Manners and others still being paid? Thx
Haditwithyouclow ns

Calgary, Canada

#567 May 12, 2012
Mitt what the above writers have been referring to if I may, was, that many of these saleman( brokers) knew little or nothing about these investments they were selling, jut chasing the 10 percent commission. And then when these investments were showing signs of failing very few of them where actually following them closely enough to get back to people and inform them on the situation or maybe didn't want to!
I know my salesperson knew things were unravelling at Harvest ,left them but conveniently forgot to inform me of the state of affairs, it didn't impress me the least, he's now at Pinnacle.
And on other note, many of these salesman have been in support of Aiken's continuing on , which I completely disagree with! Not sure what their allegiance is, but I too will be moving on with this clown! The most import element in investing is trust and it' lost!!

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WTF

Canada

#568 May 12, 2012
How can any of the agents, past or present, still be supporting Ron. I agree that it is dependent on the broker and I don't think all of the brokers should be painted with the same brush but please... there are agents that have stood up in meetings and sent me emails defending Ron. Those people should be reported to the Securities Commission. After reading the legal documents and considering the fact that Ron has NEVER actually made anyone any money I wonder how the agents can continue to support him! The agents who believe this is all just about the real estate downturn DO NOT understand what is going on. If those guys at Pinnicle or Solid are telling you that everything is going to be ok if you stick with Ron then I would fire them immediately. I fired Brad Fisher, especially after he sent me that stupid email saying Ron just needed more time! Give me a break. More time to do what, steal more of my money?
Haditwithyouclowns wrote:
Mitt what the above writers have been referring to if I may, was, that many of these saleman( brokers) knew little or nothing about these investments they were selling, jut chasing the 10 percent commission. And then when these investments were showing signs of failing very few of them where actually following them closely enough to get back to people and inform them on the situation or maybe didn't want to!
I know my salesperson knew things were unravelling at Harvest ,left them but conveniently forgot to inform me of the state of affairs, it didn't impress me the least, he's now at Pinnacle.
And on other note, many of these salesman have been in support of Aiken's continuing on , which I completely disagree with! Not sure what their allegiance is, but I too will be moving on with this clown! The most import element in investing is trust and it' lost!!
Hang em High

Edmonton, Canada

#569 May 12, 2012
I think the situation with Ronny and his supporters is nicely summed up by a lyric from a song By Dr. Hook called Cover of the Rolling Stone.

"We have all the friends that money can buy so we never have to be alone. We keep getting richer but we can't get our picture on the cover....

I think all of us should make sure that Ronny and his crew all get their pictures and the story on every newspaper and television station in this country.

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Mitt

Calgary, Canada

#570 May 14, 2012
Hang em High wrote:
I think the situation with Ronny and his supporters is nicely summed up by a lyric from a song By Dr. Hook called Cover of the Rolling Stone.
"We have all the friends that money can buy so we never have to be alone. We keep getting richer but we can't get our picture on the cover....
I think all of us should make sure that Ronny and his crew all get their pictures and the story on every newspaper and television station in this country.
Anybody awake? That will just devalue our assets. Thanks but NO THANKS. Negative press on "OUR LANDS" won't do us any good. I Think there has be enough damage.
Mitt

Calgary, Canada

#571 May 14, 2012
Email from the UCC regarding the court case on may 10th

Dear Fellow Investors:

The hearing for the UCC’s application to remove Ron Aitkens as a Director and appoint a Chief restructuring officer has concluded.

While the CRO –“Chief Restructuring Officer” was not installed, the Judge increased the powers of the Monitor to Co-Manager (CM) which puts the Monitor in charge of many aspects of the companies' operations. The UCC is happy with this change, which we expect will allow for an efficient and timely restructuring.

One of the specific changes that pleases the UCC is that the Monitor will now review all communications by the UCC and the Companies before they are issued. The UCC believes this will eliminate the confusion caused by the conflicting messages issued in the past.

The UCC is dedicated to working with the Monitor to ensure that the plan for the investors to exit CCAA is going to be acceptable and timely. We believe this is good news for the investors and is progress forward.

Please contact us if you have any further questions to this regard.(The Monitor Has approved this communication)
Hang em High

Edmonton, Canada

#572 May 14, 2012
Mitt wrote:
<quoted text>
Anybody awake? That will just devalue our assets. Thanks but NO THANKS. Negative press on "OUR LANDS" won't do us any good. I Think there has be enough damage.
Mitt, the damage that has been done is not to our lands, it is the systematic robbing of our money by Aitkens and his crew. Media attention will not "devalue" our lands, they are what they are. If you look at Larry Elford's site albertafraud.ca he lists more than a dozen investments like this in Alberta that have failed or at risk of failing. Harvest Group is by far the largest and I think will go down as the biggest scam of this type of investment in Canadian history. Bringing it into focus by media and hopefully getting some Government attention is the only way we will be to get better support next time the UCC applies for a court action of any type. Otherwise we'll just keep getting screwed over until it's all gone.

I disagree with the UCC statement that this court action last week was good news for us. It may bring us out of CCAA protection a bit faster, but then what? We're still being robbed of fees while Harvest sits on their ass and does nothing.

I went back and visited some of your other posts that makes me suspect you are a low key Ron supporter, or an ex-agent that doesn't want to be sued. Yes Kyle and Nicole are both ex-agents but they left because of Ron's shenanigans. Did I ever lose money on an investment? Of course, but I have never had my investment raped and pillaged like these guys have done.

Pinnacle Investments sold me this crap as well, and my feeling is that my agent stressed only the "great return" I was going to get. During our whole conversation while signing up the word "RISK" never even came up.

No, they didn't put a "gun to my head" but the high risk factor was ignored by them. IMHO they put their commisions interest before my interest. If you look at the previously mentioned list on albertafraud.ca Pinnacle sold a whole bunch of the ones that have failed or are failing. Not sure how they would get any repeat customers after losing all those millions for them on just Harvest alone. And they still support Ron. Unbelieveable!
Calgary

Calgary, Canada

#573 May 14, 2012
Mitt wrote:
Email from the UCC regarding the court case on may 10th
Dear Fellow Investors:
The hearing for the UCC’s application to remove Ron Aitkens as a Director and appoint a Chief restructuring officer has concluded.
While the CRO –“Chief Restructuring Officer” was not installed, the Judge increased the powers of the Monitor to Co-Manager (CM) which puts the Monitor in charge of many aspects of the companies' operations. The UCC is happy with this change, which we expect will allow for an efficient and timely restructuring.
One of the specific changes that pleases the UCC is that the Monitor will now review all communications by the UCC and the Companies before they are issued. The UCC believes this will eliminate the confusion caused by the conflicting messages issued in the past.
The UCC is dedicated to working with the Monitor to ensure that the plan for the investors to exit CCAA is going to be acceptable and timely. We believe this is good news for the investors and is progress forward.
Please contact us if you have any further questions to this regard.(The Monitor Has approved this communication)
Glad we are getting communication approved from the Co-manager and not getting the UCC giving one story and getting a different one from Harvest. As far a I am aware since CCAA Harvest communications had to be approved by lawyers before they sent them out. Now the monitor will over see the UCC emails as well. Now it should be one message that everyone can understand clearly.
Hang em High

Edmonton, Canada

#575 May 14, 2012
Calgary wrote:
<quoted text>
Glad we are getting communication approved from the Co-manager and not getting the UCC giving one story and getting a different one from Harvest. As far a I am aware since CCAA Harvest communications had to be approved by lawyers before they sent them out. Now the monitor will over see the UCC emails as well. Now it should be one message that everyone can understand clearly.
I agree with you on that one. I think I got about 3 or 4 emails in the last four years from Harvest. They gave all kinds of excuses on that, yet in the last two weeks I probably got ten emails trying to get my vote. This oversight of communications is a good thing.
Kyle Brown

United States

#576 May 14, 2012
I had a couple people call me to point out that people on here were saying I was selling foundation stuff. I am a Professional Engineering working in the oil and gas industry. I have never, nor will ever, sell anything. I am just an investor who came to realize early that there were issues and brought them to light.

Nicole has never worked directly for Foundation, she worked for an independent firm up in Edmonton that sold foundation products as one of many products offered. She also started getting concerned after not seeing financials, as well as the lack of communication from the company.

We have been advised not to post on blogs, but I thought it was important to clarify these issues.

I do thank you all for your support, and I hope people keep pursuing the truth (follow the facts). We are in this together.

Kyle.

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Hang em High

Edmonton, Canada

#577 May 14, 2012
Kyle Brown wrote:
I had a couple people call me to point out that people on here were saying I was selling foundation stuff. I am a Professional Engineering working in the oil and gas industry. I have never, nor will ever, sell anything. I am just an investor who came to realize early that there were issues and brought them to light.
Nicole has never worked directly for Foundation, she worked for an independent firm up in Edmonton that sold foundation products as one of many products offered. She also started getting concerned after not seeing financials, as well as the lack of communication from the company.
We have been advised not to post on blogs, but I thought it was important to clarify these issues.
I do thank you all for your support, and I hope people keep pursuing the truth (follow the facts). We are in this together.
Kyle.
Thanks for clearing that up. I for one appreciate very much the time and energy that you and Nicole have put into the UCC! Without you guys we would be nowhere!
KMA

Calgary, Canada

#578 May 14, 2012
Hang em High wrote:
<quoted text>
Thanks for clearing that up. I for one appreciate very much the time and energy that you and Nicole have put into the UCC! Without you guys we would be nowhere!
Without you guys we would of saved $150,000+ you spent. I think we are in the same spot we would of been without the UCC. I agree that all communication from ucc and harvest be over seen by the co-manager is great. If the rules are abided by the ucc, though seeing a post on here from Kyle makes me wonder if they will repect the process. Did you "Kyle" get permission to post on here before doing so? Im guessing not, and if you did, who gave it to you? The UCC lawyers???, how much did they charge for that advice? IF thats the case. I'm not saying it is but just asking. The UCC should not be costing us anymore money. Remember it's their lawyers that are getting paid so a UCC is costing money.

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Poorer In Edmonton

Edmonton, Canada

#579 May 14, 2012
If I am not incorrect, you need legal council for representation in a CCAA? You failed to mention that the company is the one who put us here, as well the entire dip fiancing that is gone, what is that $1.2-$1.8 million now? What have they accomplished? I am willing to bet that we come out of this CCAA without an acceptable plan. Then we will be no better off than we were in December, except we will be $2 million+ poorer. At least the lawsuits will be able to start flying once we are out of CCAA.
KMA wrote:
<quoted text>
Without you guys we would of saved $150,000+ you spent. I think we are in the same spot we would of been without the UCC. I agree that all communication from ucc and harvest be over seen by the co-manager is great. If the rules are abided by the ucc, though seeing a post on here from Kyle makes me wonder if they will repect the process. Did you "Kyle" get permission to post on here before doing so? Im guessing not, and if you did, who gave it to you? The UCC lawyers???, how much did they charge for that advice? IF thats the case. I'm not saying it is but just asking. The UCC should not be costing us anymore money. Remember it's their lawyers that are getting paid so a UCC is costing money.
Other Projects

Edmonton, Canada

#580 May 14, 2012
So if they don't have a plan how are they able to come out of CCAA? Why did they even go into it if nothing has changed?
Hang em High

Edmonton, Canada

#581 May 15, 2012
Other Projects wrote:
So if they don't have a plan how are they able to come out of CCAA? Why did they even go into it if nothing has changed?
Because Ronny drained all of the money from the bank accounts and there isn't any left to pay his fees,(you know, those fees he has done so much to earn) so he would have to sue the syndicates to get his money. That would force them into bankruptcy and they would have to be fire sold. This way with the dip financing Ronny can suck us dry, while sitting on his fat F***ing" ass doing nothing until the land is worth nothing. I will post a definition of fraud just a bit later on.

This was the plan all along. There was no development plans, it was all a ruse to suck our money into their pockets.

"Poorer" in Edmonton, there is no need to wait for CCAA protection to file a lawsuit. It is only the 4 properties that are in CCAA protection. The Harvest Group, Ron Aitkens, Roy Beyer and all the reps who are not in CCAA protection. That's who you want to sue. Don't sue the land syndicates, that will force them to bankruptcy and they will need to be "firesaled".

The sooner we can cut off these leeches from sucking our money out, the better!

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