Doing the Business of the Church
Some mixed news from Sage's mailing list. I haven't seen it on their website yet so I'm quoting it in its entirety here. ANO September 2, 2022 Dear Shareholder, Please see the below update from the management and the board of Sage Properties Corp. (“Sage”): A. Waterline Update The Conrich Waterline to the Prince of... 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 →
Sage has been working on subdividing some lands, and, if the normal process had been followed, they'd have had to get over 100 condominium owners to sign the pertinent documents. Since this was a huge undertaking, Sage applied to the court to waive this requirement. On Mar 5, 2021, the court agreed with Sage's request.... Continue Reading →
Sage has issued a new newsletter dated Feb 12, 2021. You can read the original here - following is my summary. Share Redemption - 587 shareholders asked to redeem ~$13M worth of shares which is way in excess of the $5.6M of available cash. The newsletter outlines the distribution of the share redemptions they were... 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 →
"Reepicheep" on the "CEF Investors" forum recently did a news search and came across two articles pertinent to the properties under Sage's management. "Reepicheep" posted an article here - I'm copying the news articles and posting them here. RVC allocates MSP funds to infrastructure projectsSeptember 8, 2020 Rocky View County (RVC) will break ground on... Continue Reading →
Right after I posted the Sage Properties Update Sept 4, 2020 I got a note from one of my readers that cases of COVID-19 had been diagnosed at the POP community: September 8, 2020 Dear Shareholder Prince of Peace Harbour and Manor ("POP") Update We regret to inform you that this past weekend cases of Novel Coronavirus (“COVID-19”)... Continue Reading →
Sage Properties has released a letter the shareholders today, and overall I'm encouraged by what I read. My "layman's summary" follows. First, all the Prince of Peace Harbour and Manor (POP) residents have been well-cared for and it has not experienced any COVID-related deaths. Second, like any other business, Sage has to hold an AGM on... Continue Reading →
With COVID 19 making a mess of things, the long delay since we'd last heard from Deloitte Restructuring, Sage, and KPMG, along with some accidental comments on past articles pertaining to "where are things" and "I've waited long enough for my money", I thought it'd be a good time for a refresh on where everything... Continue Reading →
The CCAA Monitor website for the Lutheran Church - Canada, the Alberta - British Columbia District et. al. bankruptcy has been updated with the following entry: 8. Notice to CEF depositors re final distribution, dated April 1, 2020 Long story short - The scheduled Apr 22, 2020 court appearance to get approval for the final distribution... Continue Reading →
ANO / Lutheran Watch 