Leisnoi Native Corp. CEO’s husband was hired as a “Consultant.” He researched ways to log, sell and ship the timber to the Asian markets. He was unable to find financing for equipment or working capital, so he started looking for a qualified logging company to do the work.
In March 2010, Leisnoi CEO, Vice-President, and their “Consultant” met with Tom Loushin from A-1 Timber Consulting from Chehalis, WA. They negotiated a contract for A-1 to log 100 million bd. feet of timber at Chiniak for the next 4 years, with an option to log another 50 million bd. feet.
June 24, 2010, A-1 Timber Consultants presented Leisnoi Native Corporation with a check for $500,000 to begin logging operations. The logging contract was signed, and at a cost to A-1 Timber of over $1.5 million dollars they moved their equipment from Washington State to the dock at Womens Bay in Kodiak.
A1 began logging the Chiniak timber in July of 2010, and loaded the first log ship on September 22nd. The second ship was loaded in October 22, and the 3rd ship was loaded December 20th. Total net revenue of $1.8 million dollars was paid to Leisnoi Native Corporation in the first 5 months of operation.
After the first ship was loaded on September 22, 2010 the “Consultant” demanded a closed door meeting with Tom at the Lash Dock office and requested a payment of $30,000. The request caught Tom by surprise; his answer to the “Consultant” was,“I’ll have to think about it.” Later that evening in front of witnesses, at the Comfort Inn hotel in Kodiak, Alaska, the “Consultant” threatened Tom Loushin, reminding Tom that it was the “Consultant” that had secured the logging job for Tom with Leisnoi and he was damn well going to be paid on the backend for his efforts. The “Consultant’s” demand went from $30,000 to 50% of the net profits on all logging proceeds.
When Tom refused the “Consultants” extortion attempts, the “Consultant” and the CEO put their plan into motion to remove Tom Loushin and his A-1 Timber crew from the Chiniak logging operation.The “Consultant” and the CEO’s plan of action was to use Leisnoi’s attorney, to revoke or void the contract between Lesinoi Native Corporation and A-1 Timber with minor and frivolous contract violations.
Leisnoi’s attorney, told the “Consultant” and the CEO that he could not represent them in voiding the contract with A-1 because they had no valid, legal case. On December 2, 2010 Leisnoi hired the “Consultant’s” friend, another attorney to take over the logging operation issues with A1 Timber.
January 7, when A-1 wanted to go back logging, they brought their escrow account up to $400,000 and pre-paid for 2.6 million board feet of timber, but were refused access to the timber. The money was never refunded. There was never a vote taken to void the contract or stop Tom Loushin from logging. The CEO told the other board members not to worry about it; she was going to take care of it.
If you are a Leisnoi Native Corporation Shareholder you owe it to your corporation to get rid of the corrupt board members. There has been a petition for a recall, but the meeting has never been scheduled. The CEO, Vice-President, and the “Consultant” have made sure that will never happen as long as they are in control.
Isn’t 33 years of litigation enough? Here is a businessman that has come to Kodiak, performed as he was supposed to, and generated over $1.8 million dollars for Leisnoi Shareholders. How much have you received? The problem is, if you leave this board in power, the shareholders are going to be left with no money, and hundreds of thousands of dollars in attorney fees.
You can hear the full story by watching this YouTube video.