Sage Properties – More Good News

"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 →

Sage Properties Update Sept 4, 2020

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 →

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 Hearing Date Set

LCC's ABC District and various people involved in the CEF/DIL debacle will be required to explain themselves to the government this coming May 2019 - nearly 9 months from today. I haven't seen an official announcement from the ASC yet so it looks like CTV had someone keeping a close eye on developments. CTV's article... Continue Reading →

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