Foundation Capital Harvest Group of C...
paul shykora ARTs

Calgary, Canada

#861 Jun 28, 2012
Beth wrote:
Hey Paul Shykora 'the artist", your contributing absolutely nothing with your encrypted writing to this forum, nor are you an investor,so why don't you do us all a favor and go play with your water colors somewhere else..
..vhy???....jealous..??...who says ...nothing..???...vhy....''we do MAKE our own ----Future''...,NOT some financial Institution...whew....WAKE-Up. .Girl...

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Curious

Red Deer, Canada

#862 Jun 28, 2012
http://cawidgets.morningstar.ca/ArticleTempla...
The First Leaside affair in Ontario.

Since: May 12

Location hidden

#863 Jun 28, 2012
Curious: The First Leaside Group looks the same as the Foundation/ Harvest mess.Debt or new investors paying debt until collapse.
Beware of The League Asset Group out of Victoria and the Oak Bay Beach Hotel investment in Victoria. There is no logic to the investments if you dig deeply. Appears to be more debt or investors paying old debt and no realistic cash flow to cover it.

All exempt offerings should be required to produce an audited financial report within 60 days of year end and give the investor a right to sue if no audit.

The Foundation problems would have appeared years ago if there had been an audit of all associated companies, for instance, money going to Panama or overpayment of management fees
Other Projects

Edmonton, Canada

#867 Jun 29, 2012
Anyone know more about Privest Wealth Management Inc? They are going to help us with questions about FROG. I have this feeling they are going to support the new company.
Postman56

Invermere, Canada

#868 Jun 29, 2012
Since many investors are alsotied into Legacy, Airdie ,ect ect ,tensions been brewing for months with FROG, I get the sense it's to avoid a big conflict with the original management of "Foundation/Harvest/Aiken s!!! There is loads of built up animosity towards them and being they lost 60 percent of the original investment and are six months late with the financials to the investors, they might want to get security!!
Think of Privest as like a mediator!!
Wtf

Canada

#869 Jun 30, 2012
Other Projects wrote:
Anyone know more about Privest Wealth Management Inc? They are going to help us with questions about FROG. I have this feeling they are going to support the new company.
Privest is an exempt market dealership and they hired most of the ex-agents from foundation. The hard core supporters that lasted till the bitter end are now working for Privest.
Investor from the North

Grande Prairie, Canada

#871 Jul 3, 2012
Does anyone know any results of the vote that took place on the 28th.
paul shykora ARTs

Calgary, Canada

#872 Jul 3, 2012
Investor from the North wrote:
Does anyone know any results of the vote that took place on the 28th.
..MOST STRANGE...Vhy are you's not ''contacted''...directly,here. .??...eh..
Calgary Investor

Calgary, Canada

#873 Jul 3, 2012
Investor from the North wrote:
Does anyone know any results of the vote that took place on the 28th.
The Legacy plan of arrangement was approved by the bondholders.
paul shykora ARTs

Calgary, Canada

#874 Jul 3, 2012
..MOST STRANGE,here....Is dHis NOT ALL...Internal-Mimos',here.... E-Mails and,such....??....eh
paul shykora ARTs

Calgary, Canada

#875 Jul 3, 2012
..OH...Oh...the NO-NAME-Brand Internet-Names are ...NOT.. REVEALED,here....they are ----Strangers...''pretending to be....Financial-Friends......a h ha....eh..

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SpitFire

Regina, Canada

#876 Jul 3, 2012
Let me say it again:
Individually everyone needs to take Aitken's and whoever else is named in their OM and contracts, for which ever "projects" they bought into, to Small Claims court for breech of contract. Sue them for the max, what ever it is in your juridiction. Let's say it's $25,000. For those who invested less than that, include what you purchased, plus the "guarenteed" interest and don't forget your pain and suffering and time spent working on your suit. Max it out.
For those who invested more, the small claims max is more than you are going to get waiting this out. These F*cks will continue to piss away what they haven't already stole from you.
If even a few thousand people (there will be over 10,000 investors by the time all of the projects are under CCAA protection) hit Aitkens and the others with $25,000 small claims suits, it will have many effects. ie: 2,000 people x 20,000= 50 million dollars, him having to respond to every Claim and go to or send someone to every day in court, in the juridiction where the Claims are made (you file where ever the deal was done when you purchased).
Aitkens is who has the cash, the one who promised 6% interest in Spruce Ridge and Legacy and others, the one who broke the contracts by sending money away from where it was stated on paper to go, who sold promises of building homes with sour gas wells on the land, and places where no water was feasable. It goes on and on. Pick your breach and make him pay.
Tie the prick up in court until the cops come around.
Burn in Hell Aitkens and all who were knowing participants in the Foundation Fraud along side you.
Ernie

Meadow Lake, Canada

#877 Jul 3, 2012
Hi Spitfire get a hold of me at [email protected] I would like to have a visit. I have some questions that you might have the answers for
WTF

Edmonton, Canada

#883 Jul 4, 2012
Investor from the North wrote:
Does anyone know any results of the vote that took place on the 28th.
The Plan Passed.
WTF

Edmonton, Canada

#884 Jul 4, 2012
Ruth wrote:
<quoted text>
Away Paul Shykora.. let go...use some restraint..walk away from this forum...go paint..your making an ass of yourself...eh...(+)
Don't waste your breath Ruth, this person is obviously suffering from Mental Illness. It's sad really.
Other Projects

Edmonton, Canada

#885 Jul 4, 2012
What do people think of the Frog meeting tonight?
Hang em High

Edmonton, Canada

#886 Jul 4, 2012
The FROG meeting tonight was presented by the long lost Roy Beyer. I must say he looks a little worse for wear than he did 5 years ago. Of course I translate everything that comes out of his mouth as bull shit so it was hard to retain what he was trying to say.
Don't try looking for the Corval site because it is not up and running yet. The plan forward should be in investors hands within the next two weeks.

Audited financials even, won't that be a treat. It looks like they are aiming for August 15th as the vote date. They need 66 and 2/3% approval to go ahead with the agreement. That is not the percentage of the investors, that percentage is based on the amount investment dollars, so a $200,000 single investor pulls as much weight as 40 $5000 investors.

Corval will be a private company with an aim of being a public entity (maybe) 3 or 4 years down the road. Investors will probably not be able to liquidate before the BOE reaches 1500 barrels a day.

Corval feels they need about $100M to reach their goals, but after raising 30M through institutions that the rest of the money will be generated through an increase in income. Easy to say, but we've heard that before.

to be continued....
Hang em High

Edmonton, Canada

#887 Jul 4, 2012
They did have one slide of where some of the money was spent, and what those assets are worth now. It's a sorry mess with all the money blown on the Cardium field, and NEO which are now worth squat. The saving grace is the White North aquisition. Without that, the unit value would be zero. I added up the numbers spent on assets and came up with about $47M according to their slide. Now take off say 6M for commissions, that means there's about $15M that is missing. Gee, wonder where that went.

They claim NEO and Foundation walked away from the law suits. Rodin, can you confirm that?

There is $6M in promissory notes that are for unit holder redemptions at about 90% of value. Wish I was one of those! They explained that away as units given in payment to Leader Resources for part of the Bakken Field making up 85-90% of that. The rest for people who needed to redeem because of stresses like death in the family etc.

Only heard from Tom Stan mostly. He is an investment banker. I'll say no more. The only one I was impressed with on the Corval team is Scott Rohrer. He seems genuine and says he has a lot of money invested in FROG so has a personal stake in this. Corval management claims they are all putting their own money in, and taking nothing off the top.(Unlike others that don't need mentioning.)

I get the impression they are doing this in a rush to distance themselves from Aitkens and Foundation before that becomes more of a liability. The other reason is that they cannot raise any money to continue drilling in their current situation.

It was hard to get questions in because there were so many people wanting answers.

Just one more story in all this mess. How can one man be responsible for creating so much havoc? Financial abuse for sure, maybe even be labelled as Financial treason considering the damage he has caused to our citizens and our economy as a result.
Nelly - Chilliwack

Chilliwack, Canada

#888 Jul 4, 2012
Any clear idea of what happens to NEO's lawsuit against FROG/RonAitkens if this deal with Corvel goes through? Any liability to the investors that will linger on if the takeover comes together. Did they give any indication how the unit value could or would increase from the offering of $2.70?
Hang em High

Edmonton, Canada

#889 Jul 4, 2012
Nelly - Chilliwack wrote:
Any clear idea of what happens to NEO's lawsuit against FROG/RonAitkens if this deal with Corvel goes through? Any liability to the investors that will linger on if the takeover comes together. Did they give any indication how the unit value could or would increase from the offering of $2.70?
The claim was that both have abandoned the lawsuits and walked away.

They threw out vague numbers of an increase, and maybe a share value of $5 or $6 if they acheive their goals, but those are all forward looking statements so cannot be guaranteed. For now, our units will be illiquid for a while either way.

I think other liabilities for FROG holders might be there as this all progresses. Just can't quite tell yet.

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