Foundation Capital Harvest Group of C...
HeyRoyStayOffThi sForum

Airdrie, Canada

#127 Apr 5, 2012
Hey "cooler heads" AKA... Roy Beyer.
1.There have been absolutely ZERO distributions on any lands for 5 years, so what the he'll are you talking about.
2.The CRO does not cost anymore money and in fact is the standard in a reorganization, I know because our oil and gas company went through one and we needed a CRO.
3. The monies have been misappropriated from our investments by Ron
4. The "new management" is the old management
Lastly, if you are so in love with this then a CRO will also listen to the old managments idea's as well as other third party group. Then it's his/her responsibility to report all the options and the investors vote. Thats the way to do this!
It's not that complicated.
Either-way, the very idea or allowing Ron to still be in control is INSANE.
By the way Roy, when Everything comes out in the wash and everyone knows what you have done with Ron..........YOU ARE FINISHED!
Your the guy who sold everyone on the $12 dollar FROG shares as you pocked 2 million in commissions. I want a statement from you as to how much you made in total comp and what you did to protect investors when you sold this crap.
Oops......new update, FROG shares have been revalued $2.75!!!
Is Ron going to give back the 9 million he pocketed, I know Roger Baker thinks he should?
WiseUp

Calgary, Canada

#128 Apr 5, 2012
Of course a new CRO would cost more money that will come out of our (investors) pockets. They can charge anywhere from 20k to 50k per month and it will take 4-6 months just to get caught up on the details. We need to calm down and STOP THE GOSSIP AND LOOK AT ALL SIDES.
Keeping A Cool Head

Calgary, Canada

#130 Apr 5, 2012
1. To the best of my knowledge you are correct only in the syndicated land projects. They had a 5 year term on them....distributions were not slated to be paid out until maturity....hence why we are here now.

2. Copied and pasted from the latest FAQ that the UCC sent out

"The UCC wishes move as quickly as possible to appoint the CRO. While the CRO would have to be paid, it is hoped that the CRO’s review would remove any unnecessary costs and eliminate any duplication of cost."

3. E & Y is working on this. It was already divulged where the money went...not a secret.

4. From what I have heard I don't think Roger Baker's word is one to be trusted either but not sure.

Sorry to disappoint you but there is no Roy Beyer here. But if it makes you feel better in your venting, go for it. I am sure everybody is interested in your opinion....provided you are an investor in these related projects.
where is his side

Edmonton, Canada

#131 Apr 5, 2012
Can someone point me to Ron's side? I would like to be educated on his side.
Thanks
Dannyboy

Calgary, Canada

#133 Apr 5, 2012
Cool Head, I know about Payday Today USA because one of their salesmen tried to sell it to me somewhere around 1999. Same thing with Phil Archer's 'The Land Development' company. The salesman now regrets that, and says there was at least one other bad investment they sold. Thus I know very much what I talk about.
I used to be friends with Roy Beyer, but whenever I told him he was selling something that was bad, he just attacked me. No wonder he is going through a divorce. Turns out I was right with both Parklane and Harvest.
If I was too smart to have an interest in these proceedings, it is not something you should hold againt me. I tried to warn everyone I knew about both Harvest and Concrete Equities.
It is not that I am agaist Beyer and Aitkens, but I am for the poor investor.
Keeping A Cool Head

Calgary, Canada

#134 Apr 5, 2012
Not going on hearsay...provide us back up on Payday Today USA. All the literature I read on it has nothing to do with Mr. Aitkens...his name is mentioned nowhere. Only people that reside in good old USA

Not holding anything against you. So far your credibility is failing as you have already insulted, I am guessing, at least 50% of investors when you brought in religion and people without business degrees. And furthermore we are not interested in Mr. Beyers personal life. Shame on you for even putting it out there! It is not relevant and has no place in this forum.
Lesco

Sherwood Park, Canada

#135 Apr 5, 2012
Keeping A Cool Head wrote:
1. To the best of my knowledge you are correct only in the syndicated land projects. They had a 5 year term on them....distributions were not slated to be paid out until maturity....hence why we are here now.
2. Copied and pasted from the latest FAQ that the UCC sent out
"The UCC wishes move as quickly as possible to appoint the CRO. While the CRO would have to be paid, it is hoped that the CRO’s review would remove any unnecessary costs and eliminate any duplication of cost."
3. E & Y is working on this. It was already divulged where the money went...not a secret.
4. From what I have heard I don't think Roger Baker's word is one to be trusted either but not sure.
Sorry to disappoint you but there is no Roy Beyer here. But if it makes you feel better in your venting, go for it. I am sure everybody is interested in your opinion....provided you are an investor in these related projects.
Coolhead, your number 3 response. Where did the money go? Sure, the Legacy project money went into other investments, but let me bring your attention to Railside. There are two financial statements posted 3 weeks apart. In early February it showed about 6.2 million due from Ron's numbered company. Three weeks later the description is magically changed to Developmental, management & consultant fees and the amount increased by 1.6 million to 7.8 million. The way I interpret the late February financial statement, it shows the Ron's 125 company no longer owes Railside the money, but it appears to have gone to the above mentioned costs. Please correct me if I'm wrong.
I think the first statement was mistakenly included in the court documents when he applied for CCAA protection. That's the one that should grab the attention of the monitor, the inspector and the investors. Looks totally inappropriate to me, and I think a judge will see it that way too. I think I'll take the new CRO fees over the price Aitkens charges for his fees anytime, after seeing those numbers.

So Coolhead, give me a guess, where did this money go?

I can't wait to see Aitken's response on that one.
Keeping A Cool Head

Calgary, Canada

#136 Apr 5, 2012
I am not into guessing. This was brought up at the last meeting I attended and I believe it was said that the upkeep of the books fell behind. To the best of my knowledge the Monitor is aware of this and will look into the backup required to straighten this out for us. I don't think it is Mr. Aitkens response to this that matters so much as it is the backup and paper trail the Monitor will be reviewing.
WiseUp

Calgary, Canada

#137 Apr 5, 2012
Hidden agenda's? Nicole Shurko is a RAINTREE dealing Rep. Oh and is only a 10k investor in Airdrie. Why would she give up her full time job to do this pro bono? I suspect back end bonus and hidden agenda's. She has shown from her actions that she is NOT interested in talking to Harvest. I have heard that one of the UCC members resigned due to the conduct of Nicole and Kyle. I would love to hear that person's side. The UCC didn't let investors know that Harvest asked to be at the meetings held in March. Ron was told he wasn't welcome from Nicole and Kyle. Then when confronted with that question Nicole said they didn't have time to look at Ron's agenda so they weren't comfortable letting him speak. WHAT A LOAD OF BS.
Installing doubt and fear is what the UCC is about. I hate to say that but it is clear that they are NOT LOOKING OUT FOR THE BEST INTERESTS OF THE INVESTOR. If they were they would be way more open and not so one sided it's CRAZY. Plus how much did Nicole and Kyle sell in FCC investments? How much commission have they made? WAKE-UP PEOPLE. LOOK BOTH WAYS BEFORE CROSSING. Do Not depend soley on the UCC for information.
Check out the ASC web under registration.
http://www.albertasecurities.com/registrants/... ('Last%20Name'%3AShurko)%20and %20('First%20Name'%3ANicole)
Keeping A Cool Head

Calgary, Canada

#138 Apr 5, 2012
Finally, another person that can see past the end of their nose! I already mentioned previously that Nicole isn't interested in working with Harvest and tried to acquire court orders to stop Harvest from meeting with their investors and they turned Ron away from their meetings. I did not know however that she was a Raintree Rep. I did know that she sold for Harvest.
Keeping A Cool Head

Calgary, Canada

#139 Apr 5, 2012
where is his side wrote:
Can someone point me to Ron's side? I would like to be educated on his side.
Thanks
Hi

This really isn't about taking sides. This forum should be for investors in the related projects who want to voice their opinion (without mud slinging & name calling). I cannot speak for the others but I would like to see as many investors as possible involved. Would also like to see the distribution of accurate information not inuendos and hearsay.

With that being said hopefully all of us investors can work together and will be able to make a rational decision after hearing the go forward/restructuring plan of the current management team when it is time to vote.
Keeping A Cool Head

Calgary, Canada

#140 Apr 5, 2012
Legacy & Airdrie Investors....Have you all received your invitation from Harvest for the Information Presentations to be held in Edmonton, Red Deer & Calgary? I received mine and will be happy to copy and paste it for you incase you have not yet received it.
Calgary Investor

Calgary, Canada

#141 Apr 5, 2012
Wow, this has all been an interesting read. I'm invested in Legacy and have been following all this since Dec. 2011 when the company went into CCAA.

From what I have seen in attending a variety of the meetings and doing my own diligence by reading all the filings on the monitors site, I certainly have no confidence anymore in Ron Aitkens ability to manage the Legacy project. It's more than just a downturn in the economy that got us to where we are today. In my opinion, it's very poor management and seriously questionable business practices. Whether or not there were things done illegally remains to be proven in court, but most investors would probably agree things are at the least quite shady. So why should I give Ron another opportunity when he's clearly shown he wasn't able to manage the investment we made initially. When CEO's of companies screw up, they usually don't get a second chance. I don't expect I'll see a dime of my investment back, but I'd much rather have another qualified person try to make something out of this vs. the person who has shown he isn't capable of it.

I'm not sure what relevance it is that Nicole is an agent for Raintree unless I'm missing something. Speculating that there is somehow some financial gain for her in this is just speculation unless there is some evidence to contrary. She use to be an agent for FCC. Why is she involved? In my discussions early on with her it was because when she realized things weren't making sense with what was going on with the investments she had invested in, she that with her experience and knowledge she could be of help to other investors with less knowledge. Could it be she feels some moral or ethical responsibility to help investors? There are some people with good moral fiber in the world - I highly doubt that Ron Aitkens is one of them.

I'm glad there are a few people that have stepped up to lead an effort to give investor some voice. The monitor doesn't represent or advocate for investors. They are independent. Good at tracking down info and giving opinion on things, but they are not here to represent the investors.

I will be going to the meeting put on by FCC next week to see what they have to say. However I will need to see documented evidence that things are progressing vs. just talk if I'm to be convinced that Ron will be able to move this forward in a manner beneficial to investor vs. his own pocket.
stressed out

Winnipeg, Canada

#142 Apr 6, 2012
I am a FM2 investor any of you out there that are also FM2 investors? My bond is due and we are not receiving any interest payments or return of capital. Why hasn't FM2 filed with CCAA. Harvest is not communicating with us about a specific plan.
Keeping A Cool Head

Calgary, Canada

#143 Apr 6, 2012
stressed out wrote:
I am a FM2 investor any of you out there that are also FM2 investors? My bond is due and we are not receiving any interest payments or return of capital. Why hasn't FM2 filed with CCAA. Harvest is not communicating with us about a specific plan.
Hello Stressed Out

To the best of my knowledge the plan for FM1 & FM2 was put out to all of these investors in 2011. I believe it is approximately a 3 year plan. Another investor has told me that quarterly updates & statements are going out. If you are not receiving them then you should probably call the Harvest office and make sure they have your correct mailing address.
Keeping A Cool Head

Calgary, Canada

#144 Apr 6, 2012
Just a thought but did anyone stop to think that the individual waiting in the wings to take over these projects as a new CRO may be Mr. Frank Lonardelli? He was the past CEO at Harvest who created the Beyond the Bond Plan. While I attended those investor meetings it was clear that he stood to make millions off that plan. It is thought that Ms. Shurko and Mr. Brown are being coached by this man and/or another ex-member of Harvest that he brought in (once a politician always a politician). The marketing person that was brought into harvest during beyond the bond was brought in by Mr. Lonardelli and is Ms. Shurko's father-in-law. Who do you think is doing all the marketing material for UCC? I noticed that 95% of their handouts is very much the same as harvest material was during beyond the bond time.
Justin

Canada

#145 Apr 6, 2012
QUOTE who="Calgary Investor"I certainly have no confidence anymore in Ron Aikens ability to manage the Legacy project. It's more than just a downturn in the economy that got us to where we are today. In my opinion, it's very poor management and seriously questionable business practices"

Well Said!!

Not an expert by any means,but in my 30 plus years of investing trust is key. Although that might sound elementary,but the need to cultivate trust through careful communication,transparency,ope nness and ethics have been my guiding factor.
The issue of trust here commands greater attention,for The Harvest Group of Companies has seriously eroded confidence through the exposure of their business dealings reported in the monitor reports.These are Facts!
Without trust there is nothing upon which to build a relationship and hence no reason to move forward.

The Harvest Group led by Roy Aiken's was granted our trust and his role to a client was to take consistent action and implement a plan to reach the client's goals for the reasons that are important to them not his own!

As the old saying goes, "Give me 2% of your trust and let me earn the rest" I think many here have give these people far more than 2 percent and they never earned the rest!

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Lesco

Sherwood Park, Canada

#146 Apr 6, 2012
Keeping A Cool Head wrote:
Just a thought but did anyone stop to think that the individual waiting in the wings to take over these projects as a new CRO may be Mr. Frank Lonardelli? He was the past CEO at Harvest who created the Beyond the Bond Plan. While I attended those investor meetings it was clear that he stood to make millions off that plan. It is thought that Ms. Shurko and Mr. Brown are being coached by this man and/or another ex-member of Harvest that he brought in (once a politician always a politician). The marketing person that was brought into harvest during beyond the bond was brought in by Mr. Lonardelli and is Ms. Shurko's father-in-law. Who do you think is doing all the marketing material for UCC? I noticed that 95% of their handouts is very much the same as harvest material was during beyond the bond time.
Please enlighten me on Frank Lonardelli? Has he been involved in any scams of this nature in the past? Please tell me why having him coach the UCC is a bad thing for the investors? I think having former insiders on the UCC team is a great thing. They know how the company works. It's a bad thing for Harvest Group and Aitkens, I can see that. Please explain why it is a bad thing for investors to have them leading our group?
Lesco

Sherwood Park, Canada

#147 Apr 6, 2012
Lesco wrote:
<quoted text>
Please enlighten me on Frank Lonardelli? Has he been involved in any scams of this nature in the past? Please tell me why having him coach the UCC is a bad thing for the investors? I think having former insiders on the UCC team is a great thing. They know how the company works. It's a bad thing for Harvest Group and Aitkens, I can see that. Please explain why it is a bad thing for investors to have them leading our group?
Hey Wise UP feel free to comment on this one too!
Keeping A Cool Head

Calgary, Canada

#148 Apr 6, 2012
Lesco, I don’t think it is a bad thing if he has the investors best interest at heart instead of looking for the best way to line his pocket book with a considerable amount of investors money. Go back to posting #6, this might help explain a little bit of Frank’s plan which received much disapproval from investors, agents & harvest. We investors didn’t want to see all the syndicated land projects bundled together as one we definitely didn’t want anymore of our money lining pockets. Some of these projects that have not gone through CCAA do not mature for a couple more years yet and still have the potential of being lucrative for us investors. If I was a betting person I would have to say that Frank knew all the information that has been put forth to the Monitor. Did he tell any of us then….NO! It looks as though he kept that under his belt until a time that would benefit him the most. Why didn’t he stay on as CEO and work with Mr. Aitkens when he was informed that his beyond the bond plan had some flaws & the investors didn’t like it? That I am unable to answer but my theory is he felt his beyond the bond plan was the best and not wanting to change it, he left and it is believed that he left with a grudge. It was no secret back then that some of these projects were going into CCAA. Do you think that harvest is that naïve to think that they wouldn’t have to divulge all accounting information to the Monitor in regards to these projects. Come on…of course not but someone gave that information to Nicole (UCC) to put out there to instill doubt & fear into the investors so they would take out the current management team asap before they had the chance to put forth their restructuring plan. Dirty pool if you ask me but I guess that is what cut throat business is all about. The UCC is not working for us, That has already been made quite clear in their actions….

What did WiseUp say, LOOK BOTH WAYS BEFORE CROSSING! It is up to us as investors to confirm for ourselves any information that is being put out in this forum. In reading all the posts I have found that there are malicious people out there that are not even investors in these projects & have nothing to gain or loose during these proceedings….they can’t even vote! I don’t take anyones word for anything anymore…..I do have opinions & theories that I feel should be put out there for everyone to contemplate but if I read anything that looks suspicious I do my best to confirm it for myself….everybody should do the same.

Look it all comes down to us investors in the end…..it is my opinion that the current management team should have the chance to explain the past 5 years and put forth their restructuring plan. I for one would like to hear what they have to say. They don’t need to be thrown out on their ear just yet. We have waited 5 years, what is another few months. They have the right to defend themselves. Even murderers in this country have that right. If we don’t like or agree with the reasoning behind the actions or the new plan going forward then our votes will represent that. It is us INVESTORS that have the final word when it comes time to vote!!!

HAPPY EASTER EVERYONE!

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