Foundation Capital Harvest Group of C...
Angry Investor

Saint Albert, Canada

#193 Apr 9, 2012
As I am not able to attend this week's meeting, would appreciate it if someone would post a review of the meeting tomorrow night.
WiseUp

Calgary, Canada

#194 Apr 9, 2012
Angry Investor wrote:
As I am not able to attend this week's meeting, would appreciate it if someone would post a review of the meeting tomorrow night.
A review based on facts and a non bias opinion on this Blog? Mostly likely you won't get that here.
Everyone will have their own version depending on what frame of mind they are in.(OPEN, CLOSED, ANGRY ETC)I would NOT rely on this blog.
Anyone on here that is in any way trying to look at both options and wanting to hear the full plan and options is being labeled an employee of Harvest. Apparently everyone has to be on the hate train and any thought away from that is shot down.
You might get a more honest report from the Monitor Ernest and Young. Oh wonder how many bloggers are ready to shoot this down too.
Think about it

Calgary, Canada

#195 Apr 9, 2012
I have been reading over this blog and there is soooooo much wrong information on here its crazy. I'm not saying it's all wrong but The wrong info is out numbering the correct info. Everyone who comes on here has to remember it's basically a gossip column. Would you really depend on that for important information??? of course NOT. The Monitor is court appointed and is working on the best interests of the investors. Maybe that would be a better source. Any information coming out of Harvest is monitored by Ernest and Young so what they share has to be true, good or bad.
What I'm trying to point out here is something everyone should know. If you want Important, Correct Information you should be getting it from the correct sources NOT a BLOG.
Dannyboy

Calgary, Canada

#196 Apr 10, 2012
This isn't a blog, it is a forum. The fact that Think about it and Wise up both refer to it as a blog makes be question if they are the same poster using different names.

Many of us have read the interim second monitors report, and are shocked.

So instead of relying on 'gossip', we can also rely on http://albertasecurities.com/Enforcement/Enfo...

http://www.newswire.ca/en/story/909017/asc-su...

http://www.bcsc.bc.ca/comdoc.nsf/0/72792de8b6... $FILE/2009%20BCSECCOM%20534.pd f

http://www.albertasecurities.com/Enforcement/...
Dannyboy

Calgary, Canada

#197 Apr 10, 2012
Think about it and Wise up: Forgot the Saskatchewan cease trade:
http://www.sfsc.gov.sk.ca/adx/aspx/adxGetMedi...

These aren't gossip, are they?
Dannyboy

Calgary, Canada

#198 Apr 10, 2012
By the way, you guys might want to check the purchaser's rights section of your Offering Memorandum.
Sharon Walter

Calgary, Canada

#199 Apr 10, 2012
"WiseUp" and "ThinkaboutIt" are the exact same person, your a clown, with a bias,delusional opinion of The Harvest Group of Companies.

We all ARE reading the monitors reports , we are all going back over the OM,and we All are getting the facts finally, something we couldn't get from Ron when asked for the last FIVE YEARS!!!

With all due respect, The Harvest Group and their salesman preyed alot on unsophisticated investors in Rural church communities, and this forum, enables visitors to leave comments,ask questions and learn of what other more informed investors know of the going ons around this dysfunctional company and investments!!

The UCC's feedback forum was advised to be taken out by lawyers
as it could be be used against them by Aitkens.

Also the ability to build a mutual community and obtain the contact information of other investors which (HG) wouldn't provide you, is exactly what the Harvest Group of Companies DOES not want us to do!!
It's called Strength In Numbers and there's s 13000 of us with as much as 600 million at stake!

Carry On!!

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Think about it

Calgary, Canada

#200 Apr 10, 2012
Sorry did I say "Everything" on here is "wrong"?? No I didn't. I said there are lots of mis understandings and incorrect info. eg. What Noel and David are getting paid among others.
I see that people on here just read what they want to read and then attack on that. The comment that I am Wish Up is not true. I used the term "Blog and gossip" because I believe it is more and more leaning towards that.
Hang em High

Sherwood Park, Canada

#201 Apr 10, 2012
Dannyboy wrote:
This isn't a blog, it is a forum. The fact that Think about it and Wise up both refer to it as a blog makes be question if they are the same poster using different names.
Many of us have read the interim second monitors report, and are shocked.
So instead of relying on 'gossip', we can also rely on http://albertasecurities.com/Enforcement/Enfo...
http://www.newswire.ca/en/story/909017/asc-su...
http://www.bcsc.bc.ca/comdoc.nsf/0/72792de8b6... $FILE/2009%20BCSECCOM%20534.pd f
http://www.albertasecurities.com/Enforcement/...
Danny you are so right. The SUF for Legacy especially, almost indicates he we using investors money as his own piggy bank. The $4.6 mil. spent on the Panama land showed that Legacy is not shown on the title of the property and would have no claim on it.. So we're to trust that Ronny was just going to give that back? According to the SUF from EY are evaluating to see if Ron's holding company has enough assets to pay it back. In the SUF there also a lot of other inconsistencies, over a million dollars worth I think, that the company needs to explain. Let's have all the pro Ron guys comment on the SUF for Legacy. C'mon Wise Up and Think about it, let's have your comments on the SUF.
Ian Gomm

Calgary, Canada

#202 Apr 10, 2012
I'm pretty confident "Disgusted " from back on page two is the same as well." Good friend of his was or is a salesman. He often will write a second
note following the first.. Just a pattern I've noticed!
Hang em High

Sherwood Park, Canada

#203 Apr 10, 2012
The other important thing that bothers me is that they have no audited financial statements on hand for any of the projects. I talked to their IR and said as an investor I should be able to see Finacials on any of the projects I am invested in. He agreed. Well they just don't have them. What kind of chicken shit accounting is that? It's coming up on three weeks since CCAA protection and as far as I know they have not supplied the audited financial statements to the monitor yet. The SUF for Legacy almost seems like it was hastily put together without much back up documentation. I think we'll see that on all of the upcoming projects.Anyone who is attending tonights meeting might want to bring up that item. Where are the audited financials for each project? Christ they should be available immediately for the at least the last fiscal period on all of the projects. Their answer to that is the books fell behing. To that I say BULLSHIT. If they are that incompetent that they don't have audited financials on hand why the hell would we trust them with anything!
Calgary Guy

Calgary, Canada

#204 Apr 10, 2012
Today is the latest round of 'Dog and Pony' shows that Harvest is hosting to update everyone on the Legacy and Airdire 'projects'. Could someone in Edmonton take a few notes and post how the meeting goes tonight? Will be interesting to compare and contrast how things go once they reach Calgary. Thanks in advance.
Hang em High

Sherwood Park, Canada

#205 Apr 10, 2012
Angry Investor wrote:
As I am not able to attend this week's meeting, would appreciate it if someone would post a review of the meeting tomorrow night.
Angry Investor, I am not invested in Airdrie or Legacy but I would love to attend the first of the "Dog and Pony Show" meetings. Maybe you could register and do a proxy document allowing me to attend for you? Can anyone comment on this? Can I attend as a proxy for an investor who cannot attend?
Keeping A Cool Head

Calgary, Canada

#206 Apr 10, 2012
Some insite on the UCC update sent out yesterday with CRO Information.

2. Who is the CRO Candidate and what is his background?

The CRO candidate suggested by the UCC is Keith Prosser.

This gentleman of Sterling Bridge Mortgage Corporation is the partner and Director of the mortgage operations team for Frank Lonardelli's Arlington Street Mortgage Investment Corporation.

Frank had him in a few seminars at the Harvest office last fall. But don't take my word for it...google Arlington Street Investments...it is there.
Reality Bites

Calgary, Canada

#207 Apr 10, 2012
As an investor in these projects concerned and listening to Noel Winters last meeting, I am willing to give him a chance. As far as I can see he is the ONLY person that has any track record of getting projects done, like Balzac. A few more years with Noel Winter, not Ron Aitkens, and I think he could move things forward. Voting with the UCC is voting for Frank Lonardelli and his "beyond the bond" plan which puts millions in his pocket and his buddies and at least 10 years for me to even break even. NO thanks. Didnt like the plan back then and dont like it now. He had evaluations done on the land at firesale scenarios, so that the numbers were low and he could profit fast on the turn around. He did the same with FROG bringing in "his team". Absolutely disgusting. I also wonder about the credibilty of a man when they have to hide behind others. I invested with Ron Aitkens with no track record to really speak of (my own poor decision) and Frank Lonardelli's is worse. I AM DISGUSTED AT HOW MANY PEOPLE STAND UP AND SAY THEY WANT WHAT IS BEST FOR INVESTORS AND THE TRUE AGENDA IS PUTTING HUGE DOLLARS IN THEIR OWN POCKETS OFF OUR BACKS, WHICH DOESNT MAKE THEM ANY BETTER THAN RON AITKENS.
Grass is not always greener on the other side, sometimes patience is a virtue.
Calgary Guy

Calgary, Canada

#208 Apr 10, 2012
Well this is just great - when you google 'Keith Prosser' you can see that his page has been removed from the Arlington Street website ("Fabulous Frank" Lonardelli's company)but, you can see a cached version of the page here which was valid until March 31, 2012 -> http://webcache.googleusercontent.com/search...

Are they trying to bury a link between the two of them??

When I went and saw Fabulous Frank talk about 'beyond the bond' last year he struck me as being so full of grease and slime that I had to go home and take a shower after listening to him.

And here I always thought that 'Sophie' had a tough choice to make! Is there an option 'C'?
Confused investor

Lacombe, Canada

#209 Apr 10, 2012
I don't understand how appointing a CRO at this point in time is in the best interest of the investors. Here's where I get confused

1. E&Y is not done with their investigating. How does a CRO go about restructuring when there is not yet a clear picture of what he/she has to work with in the first place?

2. How is it not a huge conflict of interest that Keith Prosser (name suggested for CRO) is apparently involved with Frank Lonardelli?

3. Where does the UCC get off retaining lawyers and negotiating a salary for the CRO (and rumour has it, a % of the return)? That is the investors money they are spending. I don't recollect being asked if that's what I wanted my money being spent on. With the DIP process, my investment is going to be paying for E&Y, legal representation for Foundation/Harvest AND now legal representation for the UCC AND a salary for a CRO? seems like a lot of fingers dipping into the pot that holds my investment.

4. What's the rush? Why are they so impatient to get their own CRO installed? Why can't they wait for the monitor to finish the due process?

Foundation/Harvest are under the microscope now - one can only hope that means no more funny business but with the connection between Prosser and Lonardelli, the connection between the UCC and Foundation/Harvest (father-in-law of one UCC member former Foundation/Harvest employee, one UCC member a former Foundation/Harvest agent), I am really starting to wonder what the agenda is here. I am fast losing confidence that the agenda is protecting the investors.
Keeping A Cool Head

Calgary, Canada

#210 Apr 10, 2012
Confused investor wrote:
I don't understand how appointing a CRO at this point in time is in the best interest of the investors. Here's where I get confused
1. E&Y is not done with their investigating. How does a CRO go about restructuring when there is not yet a clear picture of what he/she has to work with in the first place?
2. How is it not a huge conflict of interest that Keith Prosser (name suggested for CRO) is apparently involved with Frank Lonardelli?
3. Where does the UCC get off retaining lawyers and negotiating a salary for the CRO (and rumour has it, a % of the return)? That is the investors money they are spending. I don't recollect being asked if that's what I wanted my money being spent on. With the DIP process, my investment is going to be paying for E&Y, legal representation for Foundation/Harvest AND now legal representation for the UCC AND a salary for a CRO? seems like a lot of fingers dipping into the pot that holds my investment.
4. What's the rush? Why are they so impatient to get their own CRO installed? Why can't they wait for the monitor to finish the due process?
Foundation/Harvest are under the microscope now - one can only hope that means no more funny business but with the connection between Prosser and Lonardelli, the connection between the UCC and Foundation/Harvest (father-in-law of one UCC member former Foundation/Harvest employee, one UCC member a former Foundation/Harvest agent), I am really starting to wonder what the agenda is here. I am fast losing confidence that the agenda is protecting the investors.
BINGO!!!!
Reality Bites

Calgary, Canada

#211 Apr 10, 2012
Confused investor wrote:
I don't understand how appointing a CRO at this point in time is in the best interest of the investors. Here's where I get confused
1. E&Y is not done with their investigating. How does a CRO go about restructuring when there is not yet a clear picture of what he/she has to work with in the first place?
2. How is it not a huge conflict of interest that Keith Prosser (name suggested for CRO) is apparently involved with Frank Lonardelli?
3. Where does the UCC get off retaining lawyers and negotiating a salary for the CRO (and rumour has it, a % of the return)? That is the investors money they are spending. I don't recollect being asked if that's what I wanted my money being spent on. With the DIP process, my investment is going to be paying for E&Y, legal representation for Foundation/Harvest AND now legal representation for the UCC AND a salary for a CRO? seems like a lot of fingers dipping into the pot that holds my investment.
4. What's the rush? Why are they so impatient to get their own CRO installed? Why can't they wait for the monitor to finish the due process?
Foundation/Harvest are under the microscope now - one can only hope that means no more funny business but with the connection between Prosser and Lonardelli, the connection between the UCC and Foundation/Harvest (father-in-law of one UCC member former Foundation/Harvest employee, one UCC member a former Foundation/Harvest agent), I am really starting to wonder what the agenda is here. I am fast losing confidence that the agenda is protecting the investors.
Brilliant!
You just put in words what was rolling around in my head. Well said!
Disgusted

Hamilton, Canada

#212 Apr 10, 2012
I can see there are a few on here with eyes wide open

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