Tuesday, June 21, 2011

president of Board state that he does not know what self dealing is, BOD remains silent, did not correct him,nor licensed MA

a couple of years ago i wrote a fax that highlighted self dealing,inside dealing by the president and vice president of the board of directors. The case in point was another long time shareholder, one of the few honest pre conversion share holders that fights fir what is right and in the written garage rulkes , whic were being blatemnly viloated my the presidet son and vice presdient drandson. the son had no claim on a indoor parking spot period. His grandmother and father gave ij a upstairs spot, bypqssinf sharehoolders who has been waiting fir 10 yeqs to move upstairs. The really appalling thing was that another long term shareholder who had also been on the board traded her spot with the son, which gave her a better spot. It just goes to show that some people have zero ability to say this is wrong.
myself and my other BOD member that pointed out the self dealing, we paid at least $8000 each out of our pocket, so that we would not be self dealing or inside dealing, in any shape or form.

president of Board state that he does not know what self dealing is, BOD remains silent, did not correct him,nor licensed MA

a couple of years ago i wrote a fax that highlighted self dealing,inside dealing by the president and vice president of the board of directors. The case in point was another long time shareholder, one of the few honest pre conversion share holders that fights fir what is right and in the written garage rulkes , whic were being blatemnly viloated my the presidet son and vice presdient drandson. the son had no claim on a indoor parking spot period. His grandmother and father gave ij a upstairs spot, bypqssinf sharehoolders who has been waiting fir 10 yeqs to move upstairs. The really appalling thing was that another long term shareholder who had also been on the board traded her spot with the son, which gave her a better spot. It just goes to show that some people have zero ability to say this is wrong.
myself and my other BOD member that pointed out the self dealing, we paid at least $8000 each out of our pocket, so that we would not be self dealing or inside dealing, in any shape or form.

$600 raises for the managing company for the last 3 years

i didnt get a chance to go further back than the 3 years m but it looked like the BOD gave the managing company a 60 raise every year for the last three years. this was the time period from the $27,000 zero drop mistake that was never explained to my satisfaction.
IMO the only way that you can drop a zero when the numbers are pretty consistent is to farm the work out.
if you ran 5k's and someone told you their friend was running a 50k this weekend, you knew they really were running a 5k. if you were a deep-wreck diver like i was, and someone said that they were diving a 1000ft wreck, or said in the paper that scuba divers were dong a 1000ft wreck, you knew that whoever edited it wrote the article added a zero and meant 100 ft. once you are in the testing and use of numbers fields you know when there is an added or missing zero.
next i will highlight the pictures of the garbage work that out managing company oerformed or eve when told of a condition , 6 months later the trip and fall hazard was stil there

Tuesday, June 14, 2011

managing agent constantly gives fraudulent statements to the board and shareholders, why do they keep this managing company? is it some connection that we don't know about?

i remember last year annual meeting when i handed over a copy of the case law concerning occupancy of the apartment.  i stated that out co op  was around 50% owner occupied and that our proprietary lease stated AND. The managing agent said it stated OR, i corrected him and said it stated  AND

i Just found out that he also told the board of directors that it stated OUR and we couldn't get rid of certain people living in the apartment without the shareholder.
The board of directors are not covered by indemnity insurance  it falls under their not doing due diligence, self dealing, not stopping self dealing when it is made aware to them or they know about it,  and Failing in their fiduciary responsibilities.
I have paperwork, my faxes ,  that covers all of the above and also includes the managing company.

14.  The Lessee shall not, without the written      Use of consent of the Lessor on such conditions as Lessor      Premises may prescribe, occupy or use the apartment or
permit the same or any part thereof to be occupied or used for any purpose other than as a private dwelling for the Lessee(s) and members of the Lessee's family, but no unit may be occupied by more than one family at a time without the written consent of Lessor. As used herein, members of the family shall include spouse, parents, children, parents in law, brothers, sisters, grandchildren or no more than three persons unrelated by blood or marriage.  The term "spouse" as used herein shall also include -a member of the same or opposite sex with whom the Lessor actually resides.  In addition to the foregoing, the apartment may be occupied from time to time by guests of the Lessee for a period of time not exceeding one month, unless a longer period is approved in writing by the Lessor, but no guests may occupy the apartment unless one or more of the permitted adult residents are then in occupancy or unless consented to in writing by the Lessor.