Doing the Business of the Church
On Jan 5, 2015 DP Schiemann misled the public by declaring a “sufficient cash flow shortage” as opposed to "we took your money, put it in some speculative real estate / business ventures, told everyone their money was safe, and then we ran out of depositor funds." Today my webpage monitoring software "bing"ed to let... Continue Reading →
Hi Gang - Yes, I've been gone for a bit. Repeatedly pointing out LCC's ongoing and unrepentant bad behavior has gotten rather tedious so I've been working on other things. However - when news like this comes up, I had to fire up the old editor to get the word out. First - Sage Properties... Continue Reading →
Earlier today I got the following comment / question: "In regards to the last meeting which was held November 28 / 2020 are. We going to get some information sent out? I could not get it on my Computer,would like to know what happened and was discussed. Thanks . Or it can be Emailed." I... Continue Reading →
Well, I've learned something. And now I've learned something else. Tyler of Deloitte returned my phone call tonight. Tyler's been helping with this case for the past few months and was able to give me an update on where things are. What follows is from my notes of that conversation and not to be considered... Continue Reading →
When I learn something, I'll post it here. Well, I've learned something. "Luke" is on holidays, he's expected to be away for two more weeks, and nobody else can check the file to see where things are. The Calgary office has also been getting peppered with calls. I wonder why? 🙂
In the previous article I wrote about the lack of activity on the Monitor website pertaining to the ABC District CCAA case. I didn't get a callback in the morning so I called Deloitte again and got routed to voicemail. Not satisfied with leaving another message I called the switchboard to learned what I could... Continue Reading →
Back in September 28, 2019 I posted an article "CEF: Update from Deloitte" which posited that the Tuscany property had been sold, a distribution was waiting for court approval, with the expectation the distribution would be out the door sometime in Nov 2019. Fast forward to Jan 2020. The Deloitte insolvency website hasn't been updated with... Continue Reading →
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 →
If there's one thing that can be said for this whole CEF/DIL mess is that it's attracted a considerable amount of time, attention, and expenditures. There's accountants, lawyers, courts, and the mass news media that's involved in this, and a number of them maintain websites where they publish their various reports and updates. Since checking... Continue Reading →
The "eyes and ears" of the court for a CCAA proceeding is Deloitte and they have a web page where they track their progress as the ABC District situation is being worked through. On Oct 1, 2018 they posted their 36th report to update where things are. In summary: The Sage Application to resolve the... Continue Reading →
ANO / Lutheran Watch 