Goldbelt Greed

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“Take It To The Limit”

Since: Mar 11

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#1
Sep 4, 2011
 
Why does the goldbelt board of directors act like shareholders are a nuisence and not the reason that they have Jobs?
Why do they act like Our money is Theirs?
Why do they record record profits and We never see a dime of it?
Who are these people and why do we put up with them?
Six weeks ago, they made the final payment on the bill for the tram. They've made money every year on the operation, and have given shareholders a pittance. The board of directors act like shareholders are beggers on the street, and have nothing but disdain for us.
Yes, they put out an annual report, but if you're not an accountant, then it doesn't make any sense. Yes, they claim debts, but show profits every year, and YES, they give us some money, but the amount, compared to what is taken in, is a JOKE.
I think it's time that they came clean with us, with 'plain english' reports,and transparency on their dealings, and Real accountability. No More Free vacations, no more free plane rides. No More BS.
I think it's time we Stand Up and Demand open, honest accounting and real dividends from this company because it was set up to benefit Shareholders and Not just it's board of directors.
My name is Phillip Edward Abbott, and I own one hundred and fifteen shares in this company, and I am asking other shareholders to stand with me and, as one, Demand that the board begin doing us Right.

“Take It To The Limit”

Since: Mar 11

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#2
Sep 6, 2011
 
Is everybody Really afraid to speak out against the idiots that are holding our money hostage? They are nothing. We are the proprietors, and they are just our agents. We demand, and they comply, or Lose Their Frickin Jobs!
We make the changes. Thery do our bidding. It is our company and Our money.
Stand up and fight, or they're gonna treat us like garbage for the rest of our lives.
There are two thousand goldbelt shareholders, and we do Not need every member to go along. Half can force a vote, and sixty three percent can send them all packing.
If we begin right now, by Christmas, we can have bumpoer stickers Shouting 'We Kicked The Bums Out!'

“Take It To The Limit”

Since: Mar 11

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#3
Sep 7, 2011
 
'I can't do anything about it.'
Nah. you don't want to do anything about it.
The 'let the other guy take care of it' mentality is not going to work. And believing that you are helpless in this situation is just Plain wrong. If we band together, we can make them do what We want them to. No more of this sitting on the curb, holding our hands out, waiting for the 'powers that be' to throw us a crumb, and make like we're Happy for it.
It is true that one man, one voice cannot do this. But if you join in and assist, then more and more people will get involved, and then we can make a difference.
We Are Not Beggars. We are shareholders, and Must stand up to these petty tyrants.
Our strength will come in numbers, friends. Join in. Speak Up.
It can be done.

“Take It To The Limit”

Since: Mar 11

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#4
Sep 11, 2011
 
How can I put this so that the folks holding goldbelt shares understand that the board of directors is not going to change it's ways until We make them?
Goldbelt is currently worth around eighty million dollars. We shareholders didn't get a dime of it this year so far. They say we will get a dividend in december, but if it follows the pattern, the check Might be enough to cover HALF of your electric bill for november. maybe less.
They have BIG plans for our money. They get free vacations. They get free travel to and from wherever the board meeting will be. WE get a shareholder's ID card.
Sound fair to you?

“Take It To The Limit”

Since: Mar 11

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#5
Sep 14, 2011
 
'Shareholder appreciation day' is an illusion. The title sounds like they're doing something for us, but they're not.
If they really had our best interests at heart, then they'd have an outreach program to help shareholders in need, A foodbank, clothing closet, one time only, or once a year assistance for light bills for those who can't work but need their light bill paid, or any shareholder who loses his or her job due to the obama economy. That would be shareholder appreciation, and they could make it for SHAREHOLDERS ONLY. No frickin illegals allowed.
Also, why not a 70/30 split? Yeah, yeah, yeah. We always hear about the board of directors picking up this company or that company,'solidifying our base'. BIG DEAL! Know what? That doesn't do Squat for shareholders Now. It doesn't matter if the company is worth eighty million or eighty Billion if shareholders don't profit from it. Right now Goldbelt is 'a mountain of gold on the moon'. Doesn't matter how much equity we have because only the board profits from it.
'Shareholder appreciation day' is CRAP.
opinionated1

Port Orchard, WA

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#6
Sep 15, 2011
 
I agree with Everything that has been said about the Goldbelt Directors..They are THIEVES,CONARTISTS and LIARS at the Shareholders expense,and YES they treat shareholders like they are BEGGARS

“Take It To The Limit”

Since: Mar 11

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#7
Sep 19, 2011
 
ANCSA was passed on December 18, 1971. Every Native born before that date qualified to receive shares in Goldbelt, or one of the other village corporations. That means the Youngest Shareholders are Forty Years Old, and a Lot of our elders have died without Any benefit from the corporation.
ANCSA was for the betterment of our people, but only a select few have actually benefitted from this company.
This is Wrong.
As for the 'shareholder appreciation' crap, a lot of the Native Artwork was practically stolen from the artists. Look at the office and the artwork on display. They have a long history of paying wholesale prices for retail goods. They get fine art, and the artist gets screwed. My father sold them masks and he never got 'end user' prices for his art. Both Goldbelt And Sealaska are guilty of this practice. In 1999, or 2000, My father sold a Ceremonial Rattle, a copy of one held By The Warrior Ka-De-Shan (Can be seen if you google the name) and it was Valued at Four thousand five hundred dollars. Sealaska 'bought' it from dad for fifteen hundred dollars. You can view it in the Sealaska building lobby. It is in the trophy case by the elevators.
I was there when the purchasing agent paid my father. I told dad to reject the offer, but we were going north to Haines to do Subsistance fishing, and he needed the extra cash. The thing that Galls me is the man Demanded that Dad shake his hand.'I'm doing you a favor.' he said to dad. I called him a thief.

“Take It To The Limit”

Since: Mar 11

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#8
Sep 26, 2011
 
Forums like this don't get anything done unless more people know about it. If you've read this and have followed it, or agree with what I've said here, then Please bring it to the attention of the powers that be. I do Not think that Goldbelt, Or Sealaska would knowingly steal art from our artistic community. I believe that if they knew that improprieties have been take with the artists, they would/will make ammends. But, if they don't know about it, then nothhing will be done. The arts community in Southeast ios small, and we each know at least One artist who has had his/her art stolen by underpayment by these corporations.
Money is tight for everybody, and the artists that have been hurt by bad policy are older, and could use the cash that was deined them.
Our corporations cannot and should not abuse our people the way the government has throughout history. We are supposed to be better than that. If we don't hold our corporate leaders to a higher standard, then we all suffer for it. If white america could see what the corporations have done to local artists, they would laugh at us, saying that 'they are no better. See what they do to their own? Why should the government do them right when they do that to their own people?'

“Take It To The Limit”

Since: Mar 11

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#9
Sep 29, 2011
 
Let's make those lazy bastards earn their money. OK, Tribes from the 'lower forty eight' get tax free status, so why don't we? All the 'casino indians' get tons of money and the government doesn't get a dime of it, but IF we get a dollar more than $2,000.00, then a capitol gains tax kicks in and we lose money.
WHY?
The casino indians only have their casinos because of ANCSA. Why do they get the breaks when we don't? Make the board of directors stand up for us and eliminate the tax angle from Our money.
In Fact, None of the money coming from our corporatiuons should Ever be counted against any government funds, just like lower forty eight tribes.
We will Not talk about what's fair, only what is Right.'Fair' is a child's argument, and Right is Right.
blue_zinc

Keene, NH

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#10
Oct 1, 2011
 
opinionated1 wrote:
I agree with Everything that has been said about the Goldbelt Directors..They are THIEVES,CONARTISTS and LIARS at the Shareholders expense,and YES they treat shareholders like they are BEGGARS
"opinionatedi" Goldbelt Directors..: or the "goldbrick waste your money and time Directors.." "Give, give give and thou shalt receive", you are giving away the gold and what have you received? you haven't received anything yet? Rich THIEVES and BEGGARS do not have oil or gold in their countries.
blue_zinc

Keene, NH

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#11
Oct 1, 2011
 
Rudyard Kiplingesque wrote:
Let's make those lazy bastards earn their money. OK, Tribes from the 'lower forty eight' get tax free status, so why don't we? All the 'casino indians' get tons of money and the government doesn't get a dime of it, but IF we get a dollar more than $2,000.00, then a capitol gains tax kicks in and we lose money.
WHY?
The casino indians only have their casinos because of ANCSA. Why do they get the breaks when we don't? Make the board of directors stand up for us and eliminate the tax angle from Our money.
In Fact, None of the money coming from our corporatiuons should Ever be counted against any government funds, just like lower forty eight tribes.
We will Not talk about what's fair, only what is Right.'Fair' is a child's argument, and Right is Right.
"Rudyard Kiplingesque- All the 'casino indians'-
Rudyard, are you writing about 'indians' from India or about the
OK, Apache, Cheyenne or Comanche tribes?

"Tribes from the 'lower forty eight' get tax free status", so why don't we?"

Dont forget the oil biggies who wants a tax 'free business'.

“Take It To The Limit”

Since: Mar 11

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#13
Oct 16, 2011
 
In 1994 at a Seattle meeting, a former goldbelt board member said that because there was no distribution of funds to shareholders, the company should be turned into a holding company with government oversight, and that instead of a Very few attempting to show off their business acumen at the expense of all other shareholders, the assets be liquidated, put into an interest bearing trust and the funds generated be distributed on a regular basis.
He stated that this plan would benefit All shareholders, and only the few who are dipping into the assests right now would be 'hurt'. But the overall effect would be better than it is now.(meaning then in January 1994.)
As it is, the board gives themselves inflated salaries, paid vacations, free holiday trips to wherever They decide the next board meeting will be, wqhether its Vegas, Los Angeles, Hawaii, or wherever.
They give themselves raises, bonuses, and perdium for travel.
Again, we get to watch, which doesn't pay a dime, or help US in any way at all.
It doesn't matter if the company is worth eighty million, eighty Billion, or eight Trillion dollars if we don't get any of it.
Shareholders all over Southeast face the threat of losing their electricity every winter, and some do. Does the board give a rip? Nope.
Not their problem.
The goldbelt board of directors is a bunck h of jerks, and 'owning' shares in this company is a Bad joke.

“Take It To The Limit”

Since: Mar 11

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#14
Oct 28, 2011
 
Almost November and not a peep from the board of directors on what they're going to do with OUR money.
Back in 1975, they were running around begging shareholders to sign up to be on the board. they even asked Me. Heck, if I'd have known that that was going to be the only way to get money out of the company, I'd have signed up then.
Now they control the purse strings. They have jobs in a dead market. they have no problem paying Their light bill. IF they need more money, all They have to do Is vote themselves a raise.
Meanwhile, tribal elders are going without food, have trouble paying their light bill, trouble keeping their homes warm, and have no 'extra' for whatever favorite snack they want, mainly because their light bill is more than they can afford.
But that isn't the board of drectors problem. They have to figure out which vacation spot to hold their next directors meeting at, and how much perdium they should be given each of them for their meals and entertainment. It's trickier than you think. See, it has to be more than they need, but not so much that shareholders scream bloody murder. They have to make it enough so they can pocket a couple hundred bucks for when they get back home. They use this money to sit in the bars and brag about how great the meeting was, and how spectacular their hotel accomodations were, and it Didn't Cost Them A DIME.
Nope. it cost Us plenty.
We will not see any changes in their habits until WE make them. Goildbelt Shareholders will Always get the shaft from the board of directors because we let them do it.
The U.S. Government was forced to give us this money for the benefit of All Natives, and Not just the board of directors. They believe that we have no say.
It's OUR money, folks. They just have everybody believing that it's theirs.

“Take It To The Limit”

Since: Mar 11

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#15
Nov 15, 2011
 
How much money,if any, do you think the board of directors will give shareholders this year? a Whole Dollar a Sahre? You can bet every penny you own that they will act like they just gave you the whole world if they give that much, and they will expect you, and all the rest of us to kiss their asses because of it.'Look What We Did For You!' they will say. Never mind that it is OUR money to begin with.
Our people have been treated badly ever since the invaders showed up, from the government on down. Look at the 'gift' of land that they 'gave' us. Again, it was Ours to begin with. white people running us off our histric homes, and the church. Back in the early part of the twentieth century, the methodist church Took My great grandfathers land to build a church on, and co-opted the surrounding lands as well. Grandpa didn't receive a dime for his loss, and the church still stands, right in the middle of Haines. That was understandable, in a way, because They set up Their laws to take advantage of us 'dumb indians'. But to have it done by our own, folks we hired and bestowed our Trust in. That is Disgusting. And Our board of directors is a despicable bunch of liars, cheats, and oppotunistic thieves. For that is what they are doingt. Stealing our Birthright. For that is what the government money was supposed to be after they stole our land.
If you see a director on the street, spiut on him, for he is lower than any thief, rapist, or politican you will ever meet.
Worthless scum.

“Take It To The Limit”

Since: Mar 11

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#16
Nov 17, 2011
 
I understand that it's hard to make waves like this for many folks because they fear reprisal from the directors. I have no such fear because f they take action against me, like if they 'messed up' with the address on my check, or it 'happened' to get lost in the mail, or wasn't printed for whatever reason, this will just Prove everything I've said about them is true.
The fact is that they Don't care about you, or me, or anyone that doesn't sign their checks. They think they have all the power. and soon, very soon, I'm going to show all members how to take them down. We're going to Kick them out without retirement pay, without the so-called 'Golden Parachute', and without any meaningful references, because when you are recalled and thrown out of office, the last thing you want is for a perspective employer to coontact the company that tossed you.
Soon it will be Our company. The way that the government wanted it to be. They have had access to the bank accounts for far too long, and didn't do a damn thing right.
Look at things the way they are right now. IF you called goldbelt tomorrow and asked if there was going to be a distributio9n, you will get a huffy response.'WHEN we Have a distribution, We Will Let You Know.' and they will hang up on you. They don't even have the class to treat shareholders with common courtesy, let alone respect.

“Take It To The Limit”

Since: Mar 11

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#17
Nov 25, 2011
 
I took my own advice on wednesday, and called goldbelt at about three-thirty in the afternoon. The phone rang for five minutes before someone answered. I asked if there was going to be a distribution, and the man on the other end of the line said,'The board Might vote on it sometime before the end of the month, but even though things are good, there might not be a distribution. The board doesn't like the way it's being treated.'
In effect, he said that we have to kiss their butts before they will do anything for us.
I'm in contact with a Boston law firm, and getting advice on how to do a full recall on the whole board of directors. They proved with that phone conversation that they should not be in charge.
IF you are in charge of money that belongs to a bunch of people, and they get angry because you are not doing what you were gired to do, you cannot let 'hurt feelings' be a part of your response. If you are that immature, then you need to be replaced.
I am drafting a recall petition, and will send copies to all ANB/ANS halls in Southeast, and to as many folks who want to assist in this effort. We have been pushed too far. They cannot hold our money hostage and act like it's some kind of treat to give us when we act the way they want us to.

Of course, they could short-circuit the process by giving the people their money. They cou;d also act like adults and quit snivelling about their hurt feelings.
I think that it will take two weeks to get the petition worded right, and find the dozen or so people to help solicit signatures. Hopefully, by mid-january, we will be ready to file it with the state. And then it's Good-Bye to the whole voard, and new elections can be held by the first of February.

“Take It To The Limit”

Since: Mar 11

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#18
Dec 2, 2011
 
OK, things are picking up. A guy from Anchorage said he was going to move Back to Juneau to orchestrate a recall of the board of directors of goldbelt. He announced it on 'Problem Corner', but the host of the show wrongly called it 'occupy goldbelt', which may confuse shareholders into thinking that it is part of the national 'occupy' movement, which has nothing to do with goldbelt Shareholders.
The host od the show, like most outsiders sees this as nothing more than 'greedy indians' who want 'free money'. This is wrong as well, because as I stated before that this company was put in charge of a Part of our birth right, and is Far from being free money.
I don't want to alienate anyone with bad language, or misunderstandings of what I say. I just wanted it to be clear that the recall of the goldbelt board has nothing to do with the wall street protesters.
Step one begins on Saturday, december 3, 2011. I am going to call 'PC' and give my number and ask for signature solicitors for the recall.
Here we go!

“Take It To The Limit”

Since: Mar 11

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#19
Dec 18, 2011
 
goldbelt has the resources to give us five dollars, or even ten dollars a share, so what do they do?
a buck and a half.
not enough to cover the electric bill for anyone in southeast.

I did say that a distribution would derail the recall, but a dollar-fifty? That's just a bad joke.

Have to see if they actually do it.

They should triple the pauout.

“Take It To The Limit”

Since: Mar 11

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#20
Dec 18, 2011
 
PAYOUT.

Damn. I hate this keyboard.

“Take It To The Limit”

Since: Mar 11

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#21
Feb 18, 2012
 
Do you folks know why the board of directors waited until after January 1, 2012 to make the distribution? So they can avoid having to give us any money in March, or April. They Still think of Our money as theirs.
It is our right and responsibility to remove this board of directors at Goldbelt Incorporated. They do Not have Our best interests at heart. When they make an average of forty grand a year, and we get MAYBE two hundred dollars in dividends, Who is actually benefitting from the money?
Here's a hint. Not The Shareholders. That's for Damn sure.
We can vote them out, and if they refuse to go, we can Force the U.S. Government to remove them, and turn the whole thing inot a holding company, with quarterly distributions. That would be a lot better than the Jerks who hold office right now, acting as if our money is their personal treasury.
One more thing. The guy who is hosting 'Problem Corner' right now, Wade, I think his name is, is a lot better than the racist idiot that was hosting back in November. Remember when the elderly woman called and asked why Goldbelt wasn't distributing a dividend, and the jackass told her to 'get a job.", then had the audacity to compare our shares to his GM stocks? Sorry, Jerk. the Native community, with few exceptions, aren't as rich as you are and cannot afford GM stocks, or anything more than basic cable.
Quit the radio game sir. There's enough racism on the streets of Juneau. we don't need it broadcast over the airwaves as well.

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