“Whoever receives one such child in my name receives me, but whoever causes one of these little ones who believe in me to sin,it would be better for him to have a great millstone fastened around his neck and to be drowned in the depth of the sea. “Woe to the world for temptations to sin! For it is necessary... Continue Reading →
CEF: Update from Deloitte
Recently "Repicheep" on the CEF Investor's Forum asked Deloitte where things were given that the parsonage lot and the Tuscany properties since both been sold and the funds were still waiting to be distributed. Joseph Sithole at Deloitte responded as follows: The Alberta securities commission settlement is the reason why the final distribution has been delayed.... Continue Reading →
Inspirational Friday: Sept 27, 2019
One of my readers sent in a quote from the novel "The Kite Runner” by Khaled Hosseini. It reads: "When you kill a man, you steal a life. You steal a wife's right to a husband, rob his children of a father. When you tell a lie, you steal someone's right to the truth. When... Continue Reading →
Sage Properties Divestiture Update
"Sage Properties" is the company that was formed during the ABC District District CCAA process wherein the District's businesses and assets were folded into one corporation with a mandate to clean everything up, sell off the assets, and return as much funds as possible to the CEF depositors. Long story short, there's reason to hope... Continue Reading →
My Thoughts about the LCC – ASC Settlement
To start - here's the timeline of the ASC's actions along with the documentation that was released along the way. I've made backup copies of all the original documents and provided links to them 'just in case'. ASC: Alberta Securities COQB: AB Court of Queens Bench ABC BOD: ABC District Board of Directors 2018-06-27 ASC... Continue Reading →
Since the scheduled post for today had technical errors, I've replaced it with this more time-appropriate one. 🙂
Higgerty Law Weighs in On LCC – ASC Settlement
Higgerty Law represents that CEF depositors in their representative action against the various respondents to the ABC District CEF implosion. Today they posted the following statement to their Lutheran Church Representative Actions web page in response to the LCC ABC District - ASC Settlement. September 17, 2019 The hearing by Alberta Securities Commission (the “ASC”)... Continue Reading →
The Babylon Bee Channels Martin Luther
The Babylon Bee is a Christian satire site that makes humorous commentary about matters of religion and current events. Some of their satirical comments are so plausible that Snopes will fact-check them. Recently the Bee crossed Martin Luther with Amazon Echo - and this is the result. 🙂 https://www.facebook.com/TheBabylonBee/posts/2488697308026828?__xts__%5B0%5D=68.ARABWrnxuayvnHgWFuqaOLKemvNC_Ytugx-XhZkbhf9aVV4Z9sVdQ03vcPEkOOQe9ueL9sqjUpxF3k2FLoH6CjfeblZNPWmOcLQqaTxQetPM-s3JtOzK5pBXjysp2QEK09IbFbwL18PhyBkCg1eYhrxS2LKwGR6-gf-YjZIixBlkQJkasFSA84Z8HcHlvVA-7iMesn0TINSWMU1caj3ePm_Mj0QjXtoau2TMk8bzHWMQSL9TSmzpLyIvA0dieWGOLaE-2a7VTrDjTJHGlZ1I_iLGMOnELtbERlbMCL45gQ84_qwd8jWvzde8FVVHlew0pwwvQlu880FsiVSk1ICL6IZnHpCy&__tn__=-R
CEF/DIL and the ASC Settlement – Answers to Carl V’s Questions
In the article "CEF/DIL – ASC Settles with Lutheran Church Respondents" "Carl Vehse" asked some questions I'd like to address here. Does this mean that the possibility of jail time has been removed for the Respondents? If this case proceeds along the same lines as the Concrete Equities timeline the next step in this process would... Continue Reading →