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 →

CEF/DIL Lightning Round: April 30, 2019

ASC's April Hearing Earlier this month the ASC held another hearing related to the upcoming panel hearing into alleged financial misconduct by ABC District and related people. Sources have it that this hearing was another attempt by a non-party group to delay the proceeding until some later date. When the ASC posts the result of... Continue Reading →

CEF/DIL: ASC Application Hearing Update

Counsel for the prosecution and the defense have made their case. As I expected, counsel for the defense want to delay the proceedings until the representative action has concluded, or have the proceedings sealed so they cannot be used against them when the representative action commences. Considering that the AB real-estate market is somewhere between... Continue Reading →

CEF – Parsonage Lot Sale

As things wind up with the CCAA proceedings things have gotten pretty quiet and it's just a matter of dotting the "i"s and crossing the "t"s. In this case one of those "administrative details" is the status of the parsonage lot that's been a thorn in the side of the CRO for some time. The... Continue Reading →

CEF/DIL – ASC Notice of Hearing

When you sell investments to the general public, there are rules you must follow to ensure that people make informed decisions with their savings and that what they buy is what they get. When you don't follow the rules, tell them one thing when the reality is something else, and deprive people of their investments... Continue Reading →

CEF/DIL: Monitor’s 35th Report – Apr 18, 2018

The Monitor's 35th report details - a settlement between CEF and the Prince of Peace Church and School. the future of the ABC District after LCC restructured, the sale of the vacant parsonage lot, Georg Beinert's affadavit pertaining to perceived allegations against him, and the Monitor's perspective, the current state of Sage's Application pertaining to utilities... Continue Reading →

Change the LCC ABC District 2018 Convention Theme to “It is a fearful thing to fall into the hands of the living God.”

As the various districts plan for what is probably their last convention, I saw that the ABC District had picked a rather...unusual theme for their 2018 convention: ​ "Called to Proclaim His Righteousness... ​To a People Not Yet Born"   Psalm 22:31   Dictionary.com defines righteousness as: noun 1. the quality or state of being righteous. 2. righteous conduct. 3. the quality or state of being just or rightful: They came to realize the righteousness of her position on the matter. it then defines righteous as: adjective... Continue Reading →

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