Foundation Capital Harvest Group of C...
Loosing money

Calgary, Canada

#955 Jul 10, 2012
If we invested in Stoney View can we withdraw our money at this time if its not all gone ?
Hang em High

Edmonton, Canada

#956 Jul 10, 2012
RODIN THE THINKER wrote:
Hang Em High I saw it in the FOG OM but I want to see all paperwork, in particular, who owns Leader, is there a "lift" quick back and why is the Note for $4 million and not a lesser amount as to the date Leader attempted redemption
Will that paperwork be in the package we will get soon from Corval?
Hang em High

Edmonton, Canada

#957 Jul 11, 2012
Mr Naive wrote:
<quoted text>
Ernie, I am invested in Stoney Crossing, are we lumped into this mess? I can't seem to find anything on this forum that would indicate Stoney is in trouble...
All the projects will be included in this case, is what I was told. That's what it says on the HLC site. If you look at what happened to the ones in CCAA, I think you should be able to see the trend. Has anyone been there to see if any work has been done?

I think Stoney and all the others will all be in CCAA by year end, and folow the same trend as Legacy and Airdrie. No money left, nothing done..they're all just a repeat of the others. I was told that the suit may be able to get control of those not yet in CCAA. Then the bleeding can stop from management and consulting fees, and draining of accounts. If we can't get at until next fall, surely the money will be all gone again, just like the projects in CCAA now. I think if you don't participate you should sit at the back of the bus and get nothing!
Ernie

Meadow Lake, Canada

#958 Jul 11, 2012
Turn a page find out new crapola, turn a page find out more crappola. Each and everyone of you, it is time to refocus what we CAN do and not try to change what we can't. We could serch and search adnd search for years and still find stuff on these clowns. We have a lawyer, one that Mr Aitkens knows from his past and attacking me with HOW DID I GET THE LISTS is working out just fine. For me!! Mr Akins and Mr. Roy Byers are trying to slow me down and it ain't working. Our lawyer has ben indiscussions with me and I'm not the one with egg on my face. We continue to hear from many disgruntled investors daily and that is going to be my focus on going. So please check out your group The Harvest Litigation Committee and call me or send and e mail. One thing I promise you is that I will still be standing when this is all said and done. Bull dogs are tenasious little bastards and I am one.
Mr Aitkens and Mr. Beyers I will go away just return the money!! Good men of God as I have been told you are by Brad then he threatened me with litigation don't give me the warm fuzzys. Good Men of God don't take advantage of people from all walks of life and don't even stand up and face these people look them in the eye and say SORRY I PROMISE TO MAKE THIS RIGHT.
Ernie

Meadow Lake, Canada

#959 Jul 11, 2012
Claudia seven months ago I found this forum and now we are finely at the point of legal action.
45 pages and over 898 messages with basicaly all the same thoughts. You started something that long ago that motivated me to do something and that was to post my email with my intent being litigation. Many people contacted me and shared their stories and some were difficult to hear but I listened to each and every one. At times they shared feelings of dispair and the fact that they didn't have much HOPE. Many of these people were small investors who believed in what the advisers told them and much of their retirement money was invested. Now people who thought this was the greatest opportunity since sliced bread, today do not have the financial ability to retire. Our lifes are built on dreams of family, good job, financial success and others and when you loose that financial success many loose HOPE. BE ASSURED PEOPLE THAT WE ARE WORKING HARD TO RETURN HOPE TO YOUR LIVES SO THAT YOU HAVE A CHANCE TO FULLFILL YOUR DREAMS.

TToday was a tough day for me but so gratifying in what I accomplished. I was able to provide a bit of HOPE to an individual that was hurting. Thank you to your litigation team and the dogged determination that we have--I know we will PERSEVERE.

Claudia Thank you for what you accomplished with that initial post and my personal THANK YOU for giving me the drive to start the process and seeing it through to the end. Your concerns brought us to where we are today. I don't recall ever having talked to you so if you would send me your number I would be honored to chat with you. The fight will be well worth the outcome.

Ernie
paul shykora ARTs

Calgary, Canada

#960 Jul 12, 2012
Calgary wrote:
Additionally googling Ron aitkens & Roy Beyers is insightful browsing material for profile.
..are'nt you's ..toooo???...eh..

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paul shykora ARTs

Calgary, Canada

#961 Jul 12, 2012
Loosing money wrote:
Rob Petersens wife is Maxine .
..hymmmmm...and vhat is you's name,here..??....hiding ..hiding...

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OO7Bond

Fort Saskatchewan, Canada

#962 Jul 13, 2012
In my own opinion the UCC has received approx $1,000,000 of investors money from the previous CCAA Restructuring process, and now they are asking for another 1 % of investors money to go directly to Nicole Shurko’s office. Here’s a question to ask the UCC, do they have a legal binding disclosure of how they have spent investors money??

In my opinion the bottom line of the UCC & Litigation now is, they want control of the investors assets. This was the same plan that Frank Lonardelli created with beyond the bond, causing FEAR and telling investors that he would buy them out for pennies on the dollar, this is why he was terminated. However the beyond the bond strategy still keeps resurfacing in the UCC & now this Litigation issue. The CCAA & Restructuring actually places control of assets into investors hands. This in my opinion is the better way, investor’s controlling the assets, not the UCC or Litigation committee. Please educate yourselves on the CCAA process at Pricewaterhouse Coopers,explains what is CCAA & Plan of Arrangement. http://www.pwc.com/ca/en/car/what-is-ccaa.jht...

In my opinion the main reason why someone would pursue this action relentlessly is to obtain control of approx $300,000,000 million in assets, the development value would be over a Billion and 25% profit share of a billion is $250,000,000 million and what exactly has it cost him or her to obtain this real estate if investors are paying all the legal bills?

Please note everyone has an agenda,My agenda is to get investors property that they invested into, to be developed by a developer, not a wannabe. Education is empowering, understand the CCAA process.

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Carol

Edmonton, Canada

#963 Jul 13, 2012
I agree, why are we suing a company that supposedly is defunct? There is no money to recoup. The better plan is to forge forward, not invest any further of your funds, and pray they are able to restructure and come out further ahead. I have invested a substantial amount of my retirement fund and would rather support a going forward plan, then paying out more money to pay lawyers to represent us in a law suit. Lawsuits just conjur up more negative energy, and we have more then enough of that already.

Since: May 12

Location hidden

#964 Jul 13, 2012
If you want reality, read the Monitor's eight reports. The legal fees paid on behalf of Aitkens and cohorts from the start of the CCAA are $216,724,the legal fees paid on behalf of the UCC are $99,759, the monitor with his legal fees has been paid $281,442.
The UCC has not received $1 million and that number has no basis in fact or speculation. Meanwhile Aitkens and group in the interim have received tens of thousands in fees.
The legal binding disclosure of how the money has been spent is quite clear from the Monitor's reports. The UCC legal fees are clearly set out and the UCC does not spend investors money, it submits legal fees approved by the Monitor who reports to the judge.
Both Airdrie and Legacy are now coming under control of the investors in mid-July exactly the purpose of the CCAA. The directors have been appointed by the investors will be able to participate in hiring a developer and the recovery will go to the investors. In addition the Monitor's reports make it clear there will be no profit but at best a recovery of some but not all the investment.
The purpose of the lawsuit is to recover the damages from the persons who caused the losses, it has nothing to with the CCAA process, the UCC or control of the projects as control is already going to the investors. The third parties such as Aitkens will be made responsible to cover the shortfall in the recovery after the lands are developed. That shortfall amount should be in the tens of millions.
The request for funds for litigation only relates to starting the class action lawsuit to recover damages. Those investors who want a lawsuit to recover losses are being asked for 1% of their investment as a contribution and will get it back first from recovery. As some people do not want to be in the class action, then after the class has been certified there is a process to ensure that the objectors to the class lawsuit can opt out. Not being in the class action may or may not affect their recovery on the development of the lands in the projects, it is just that they will not recover a shortfall. Obviously if you believe that there will be no shortfall or have some other objection to a class action lawsuit you can be accommodated later.
Concerned

Calgary, Canada

#965 Jul 13, 2012
Boy are people misinformed. To my understanding, the lawsuit is primarily against Ron Aitkens, Harvest is in CCAA, so basically it is gone. Ron made over $100 million on all these "Deals" that investors are now going to receive pennies on the dollar for. They only way to recover that money is by litigation.

The super expensive CCAA plan outcomes are a joke, the lands are returned to the investors in the AS is shape. Management walks away and a board of directors made up of investors with no development experience take over, and people think this is a viable plan? We had no choice but to accept the plan as the lands would have been sold for even cheaper than they are now.

People talk like these are still incredible land deals, these lands are NOT desireable!

Airdrie has an undisclosed Sour Gas Well and Pipeline on it, that legally has to be disclosed to anyone we would try to sell it too. There is a ton more land out there, that is actually in the airdrie annexing or in the balsac east ASP, that don't have a sour gas issue. So why would anyone buy our farm land?

Legacy has an undisclosed flood plain where 1/2 the land isn't developable, plus $9.5 million missing that was supposed to be able to by the options on this land that is 1/2 flood plain.

Has anyone asked or thought what the new bonds from these CCAA plan are currently worth? I am guessing less than $0.20 on the dollar of your initial investment. So us investors are getting 1/5 (and that is being generous) of our initial capital returned and Ron Aitkens get's 40% of the total money raised on the project? For doing nothing, and then overcharging management fees to boot? Use your common sense and just look at the numbers.

There is no hope for these projects, they are coming out of CCAA with an board of directors that have little or no development experience, massive debt from the CCAA proceeedings, and all these problems? Litigation is the only choice right now in my opinion.
Wtf

Edmonton, Canada

#966 Jul 13, 2012
Thanks rodin!! All the same things I was going to point out. Where are people getting their information!! Must still be from Ron. I think in the monitors report the high point of recovery was 57% of recovery and 27% in airdrie? Please correct my numbers if they are wrong. I think people believe that is profit on top of their principal. Sadly they are wrong. Also, 007, please answer this .... Where will all the money come from for actual development ?

And please, can we end this frank lonardelli conspiracy ? All of the info about him and his supposed motives have come from Ron and his koolaid drinkers..... We all know how truthful they have all been through this!!
Calgary

Edmonton, Canada

#968 Jul 13, 2012
What is the timeframe for going after Aitkens before he potentially spends $ and/or leaves the country?
paul shykoraARTs

Calgary, Canada

#969 Jul 13, 2012
Sharon Walter wrote:
<quoted text>
Hey Paul,I also think the easiest way to keep from being called a moron,idiot,spam, is to not be an obnoxious moron but maybe that's just me.
You nonsense posts with garble text is irritating, annoying, off topic in most cases, and it only serves to tire people out.
Please find something else to do with your time, were busy here with this shit mess of Ron Aikens!!
..THEN...Then ..''focus'' on $$$Success,here...eh..WAKE-Up. .NAIIVE---Girl....eh..(-)...

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Ernie

Meadow Lake, Canada

#970 Jul 13, 2012
007 you probably know that I am leading the charge from small town Saskatchewan. Tell me where the $ 300,000,000.00 in assets are and the $100,000,000.00 that Ron took out and stuffed in his off shore mattress. If you and Ron would get a certified cheque to our lawyer by Monday in those amounts I would gladly stop our action but until or unless you put your and Ron's money where that thing that you put your food into everyday (mouth just in case you don't know what I am referring to)then stop yapping on this forum talking pure nonsense. Call me we can talk but don't waste my time if you can't be a straight shooter!!! Enjoy your weekend and I will advise our lawyer the cheque should be there by Monday. I don't think you can actually sleep at night knowing what you have done to people lives and the up heavel you have caused. I can because I am honest about what I tell people can you say the same??8903
Hang em High

Edmonton, Canada

#971 Jul 13, 2012
I think 007 may be a bit confused. Maybe he meant to say there was $300M stolen by Aitkens and his cohorts? Or maybe he is actually one of the Aitkens crew who cannot help themselves but to spurt forth lies and misrepresentation.

One thing for sure, from what we have seen so far the actual value left in any properties is a pittance, and it will be a slim chance any that come out of CCA will survive for long without financing. Without financing they will certainly fall into bankruptcy.
Ernie

Regina, Canada

#972 Jul 14, 2012
Oh where oh where is 007 oh where oh where can he be?? He has said much since his last ridiculos post nor has he contacted me...Hmmmmmmmmmmmmmmm!!
Other Projects

Edmonton, Canada

#973 Jul 14, 2012
Maybe he is a secret agent for Ron.
BFI

Canada

#975 Jul 14, 2012
Sharon Walter wrote:
<quoted text>
Hey Paul,I also think the easiest way to keep from being called a moron,idiot,spam, is to not be an obnoxious moron but maybe that's just me.
You nonsense posts with garble text is irritating, annoying, off topic in most cases, and it only serves to tire people out.
Please find something else to do with your time, were busy here with this shit mess of Ron Aikens!!
I just noticed on the home page of Calgary discussions that Paul Shykora ARTs posts on just about every blog on topix. His brand of confusing, disorganized, babble is on every one of them, so my suggestion is to just completely ignore him. He is just trying to be an irritation and obviously gets his kicks getting under people's skin.
I can just see him sitting there, no friends, no one to love, no one to love him. He's probably some pathetic loaner who's only conversations are on these blogs. Just feel sorry for him. He clearly has no stake in Harvest or has even invested. He's a sad, no body that likes to cause sh*t
Hang em High

Edmonton, Canada

#976 Jul 16, 2012
Rodin, in previous posts you mentioned backloading on FROG, and I think that was one of the NEO lawsuit claims. Did that pertain to them buying the shares at $1.75 then selling them back to investors at $3.25? Bastards took $21M right there. At the meeting they say that was because natural gas prices had moved up to the $6 range. I believe NEO's statement of claim also mentioned high handed dealing. Is this what the gap in share prices refers to? I have not had an opportunity to check if that lawsuit is still active. Do you know? As I mentioned before, Roy Beyer stated at the meeting that both parties had abandoned the lawsuit. What other grounds might there be proving that money was removed from FROG?

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