For anyone wondering where the payments are NOT going...
"200" Alberta = KW who now appears to be the sole owner of #NAFR #NAFTS
NOTICE
To: Former Trust Unitholders of Northwynd Properties Real Estate Investment Trust (“Northwynd REIT”)
From: 2008164 Alberta Ltd. (“200 Alberta”)
Reference is made to (i) the Final Notice of Wind-up and Termination of Northwynd Properties Real Estate Investment Trust dated January 16th, 2017 previously delivered to you by Computershare Investor Services Inc.; and (ii) Promissory Note dated January 03rd, 2017 delivered by 200 Alberta to Northwynd REIT (the “Promissory Note”) pursuant to the Purchase and Sale Agreement dated December 08th, 2016 between Northwynd REIT and 200 Alberta (the “PSA”). All capitalized terms used in this Notice, unless otherwise indicated, shall have the same meaning as set out in the PSA.
Pursuant to section 3(c)(ii) Promissory Note, notice is hereby given by 200 Alberta that the Principal Amount of the Promissory Note as calculated in accordance with its terms is $NIL as of December 31st, 2017, and accordingly the First Payment Amount and the Second Payment Amount (as both terms are defined in the Promissory Note) are $NIL. As a consequence 200 Alberta is deemed to have satisfied its obligations under the Promissory Note. No further distributions will be made to former holders of trust units of Northwynd REIT in connection with the wind-up and termination of the Northwynd REIT.
DATED at the City of Calgary in the Province of Alberta this 15th day of January 2018.
After reading the post from Petus@18...I have no words.For anyone wondering where the payments are NOT going...
"200 Alberta" = KW who now appears to be the sole owner of #NAFR #NAFTS
NOTICE
To: Former Trust Unitholders of Northwynd Properties Real Estate Investment Trust (“Northwynd REIT”)
From: 2008164 Alberta Ltd. (“200 Alberta”)
Reference is made to (i) the Final Notice of Wind-up and Termination of Northwynd Properties Real Estate Investment Trust dated January 16th, 2017 previously delivered to you by Computershare Investor Services Inc.; and (ii) Promissory Note dated January 03rd, 2017 delivered by 200 Alberta to Northwynd REIT (the “Promissory Note”) pursuant to the Purchase and Sale Agreement dated December 08th, 2016 between Northwynd REIT and 200 Alberta (the “PSA”). All capitalized terms used in this Notice, unless otherwise indicated, shall have the same meaning as set out in the PSA.
Pursuant to section 3(c)(ii) Promissory Note, notice is hereby given by 200 Alberta that the Principal Amount of the Promissory Note as calculated in accordance with its terms is $NIL as of December 31st, 2017, and accordingly the First Payment Amount and the Second Payment Amount (as both terms are defined in the Promissory Note) are $NIL. As a consequence 200 Alberta is deemed to have satisfied its obligations under the Promissory Note. No further distributions will be made to former holders of trust units of Northwynd REIT in connection with the wind-up and termination of the Northwynd REIT.
DATED at the City of Calgary in the Province of Alberta this 15th day of January 2018.
Was not aware of any of this. What do you propose in doing?From FB
To all those who say "1st time aware of this", from the beginning there were 4 distinct groups that went before Judge Loo way back in 2013. 2 of them did a lot of talking, while 2 did not. Without reliving the history or pointing fingers, a CLASS action is for the benefit of ALL the members of a group or class. Where this fell off the rails from the outset was that this group with MG who hailed itself a "class action" was in truth a special interest group created for only those that had held their leasehold interest for a period of time and wanted "out". Mistake #1 as now the group was fractionalized and motivated to get behind and spend money on a lawyer that was destined to lose when NOT serving the entire class of 15,000 leaseholds (all of us). This special group went on to be fractionalized more than once after that - always creating more division and weakness while mysterious 50 to 80 vested interested parties of Northwind REIT (a TRUST not a corporation so it could hide its identity) got stronger. It even hired professionals like Kirk Wankel and Doug Frey and Jud Virtue to kick our asses. Ranting at Mr Wankel for doing the job he was paid to do is pointless ... I myself would not take on scumbag clients like Northwind, but if I lacked a moral code and ethics, I would surely do my job just as well as he did and is doing. YES, we did a lot of research and spent a lot of time ($10,000 out of pocket and in excess of 200 hours that I would bill my clients for had I been working for them instead of this). On June 25, 2013, you can find S-134766 still listed as an active court filing (Lee Merriman V Northmont et al). Admittedly this filing was not well written by Kellie Hamilton (limited time) on behalf of myself, my wife, and perhaps the smartest man I know, Adam Hedayat. BUT at least it laid out the issues we ALL faced and formed the requisite information to BE A CLASS ACTION as we cared about ALL of you, not just some of you. Since Riverview is already a registered Strata property and our lease was exclusive to Riverview, the best course of action then and now was to ALL band against Northwind REIT, take our resort back, set up a Board, and manage it ourselves - allowing folks to buy in and out of it like a Strata / Condo property should. What I think is simply this ... when you folks can quit fighting amongst yourselves and going in multiple directions, we would be willing to help out with an already put together Corporate structure that will blow your socks off. This "deception" by lawyers started way back in 1994 with a Firm called McLeod Dixon that is now TWO Firms .. Norton Rose and Shinnour Matkin ... yes thats right .. our "trustee" and the Northmont lawyers have slept in bed together way back in 1994. Another little tidbit of information for you folks ... PRE Bankruptcy .. Our good old Trustee Philip Matkin had his wife and 2 other wives of his Firm owning 75% of Farimont thru a Company called 1287069 Alberta Ltd. Right again folks, our own Trustee had his wife PUT Fairmont into bankruptcy by calling a loan that was backed by our very own "capital investments" (ours was $35,000 paid in full) that were never recorded as income in Fairmont as they were funneled out to the FRPL Companies owned by 1287069 Alberta Ltd. Accordingly, you ALL have heard this before as I have posted more than once ... you just just chose to ignore it while riding the JEKE/MG train into oblivion. I was even aware that JEKE was a shell company that held only 1 thing, the Belfrey family leasehold interst and accordingly bore no financial risk that you all did. Even directors liability wouldn't apply as the debt would not be a CRA witholding debt. As Sandy has mentioned, we are out of the Country Feb 4 to 18 (we are every year). Upon our return, IF this group can UNITE, we will be glad to help as best we can however, I am aware that by letting JEKE waste our time and your money, this is an even more uphill battle than it would have been had we all united 4 years ago.
Was not aware of any of this. What do you propose in doing?
inkMore from FB
Ms Stoner .. its not "ignorant" to have trust in people or a contract. We live in an age where the "wolf in sheep's clothing" seems to be more than children's story. Only 2 of us attended the depositions in Calgary in July 2013 .. Mr Hedayat and myself where I saw first hand Lindsey LeBlanc of Cox Taylor agree with Jud Virtue to hide the indenties of those in Northwind REIT. In Court you are entitled to face your accuser ... but the BC Court system has allowed Northwind REIT to remain a "secret society" using its minions to do the dirty work while Judge Loo denied us the email list to each other so we could band all 15,000 of us together. Judges are lawyers first and it is quite possible that NO ONE wants this thing to get out into the public eye. Even Justice Romaine way back 2008 / 2009 failed on the due diligence to ascertain that Fairmont had over $40,000,000 in un-allocated deferred revenue (our capital investments) that would not have allowed the Bankruptcy in the first place.
Thank you for confirming your identity.
Now that you have identified yourself as a non-client of MG, are you going to discuss what your motivations are for being here? I think as you have so much to say and are so keen to comment on the motivations of others, you should be happy to come clean.
ink
You are a moderator who thinks that the nearly 4,000 posts on this thread are nothing but complainers complaining. You think they are wrong and Northmont and its predecessor Fairmont are good people doing good time share work.
Some duck this is.
Thank you for confirming your identity.
Now that you have identified yourself as a non-client of MG, are you going to discuss what your motivations are for being here? I think as you have so much to say and are so keen to comment on the motivations of others, you should be happy to come clean.
ink
What is the plan for Thursday's meeting at the Edmonton Town Hall. Time is running out. Can we all gather the information we have and walk to the Justice Minister's office next week as a group. Atleast we can ask that the February 15 deadline be pushed back until things are sorted out. At this point there seems to be no clear plan of action among us the victims of this fraud.
What has this got to do with buying a timeshare that is a business allowed to be sold in Canada. All the victims as far as timeshare goes bought in good faith and never new all the fraud and scam that went on behind close doors. Now we know why there was not many Lawyer firms that would not take this case on. Throwing good money against bad money will not protect Consumers and all Governments have to get their Act together and not just say Consumer Protection but also know what it means. What was this document Fairmont Vacation Villas Consumer Protection Agreement all about. Do not blame Consumers. Freedom to Choose sure the hell did not give you any choice. You could see from day one the end of the Vacation Villa Leases. This was set up this way to scam time owners to replace KWs Resort. Do not tell me there was nothing wrong with that Cancellation Agreement.I am now finding it difficult to determine who should be believed or followed on this thread. This whole experience has been a nightmare. There are posts questioning the integrity and competence of MG, Cox Taylor and the effectiveness of the judicial, legal and regulatory systems. Probably most of these criticisms are justified. I have not seen anyone put forward any course of action that will move us towards avoiding a significant financial loss. CBC Marketplace, more lawyers and litigation, politicians, RCMP fraud squad, Service Alberta bureaucrats, law societies - I am not optimistic that any of these will avoid the inevitable - that I will eventually have to pay up. The Settlement we have in front of us is not what I had hoped for, but I am not prepared to prolong the agony of more uncertainty and possibly face more serious financial and emotional consequences. I don't want Sauvageau and his soldiers banging down my door.
I am close to capitulating. I will be turning 76 in a few days. I don't want my last memories to be this quagmire. Time to pay up, walk away and try to enjoy the rest of my life.
MG TROLL ALERT!! Timing of threats of libel against myself this a.m. Looks like we've exposed a nerve. I was "warned" that I was being "watched" on facebook and in this forum.What?? Who are you??
Does anyone knows who is this person? He started to follow me and others?
I'll put money on this being MG or KW!!As a moderator:
Lamplit,
Since you are reporting multiple posts on this forum as being "hate speech", please take a moment to introduce yourself. It would also help posters (and moderators) here if you likewise discuss your motivations for being here and participating in this discussion.
Thanks
HANG TOUGH! I am getting a sense of desperation on the part of MG and probably KW, as well. Direct email threats telling me to "keep my mouth shut" or face legal consequences (when MG has not been my lawyer since end of December and I do not fall under the "gag" order) have indicated we are ahead of these gamers!I am now finding it difficult to determine who should be believed or followed on this thread. This whole experience has been a nightmare. There are posts questioning the integrity and competence of MG, Cox Taylor and the effectiveness of the judicial, legal and regulatory systems. Probably most of these criticisms are justified. I have not seen anyone put forward any course of action that will move us towards avoiding a significant financial loss. CBC Marketplace, more lawyers and litigation, politicians, RCMP fraud squad, Service Alberta bureaucrats, law societies - I am not optimistic that any of these will avoid the inevitable - that I will eventually have to pay up. The Settlement we have in front of us is not what I had hoped for, but I am not prepared to prolong the agony of more uncertainty and possibly face more serious financial and emotional consequences. I don't want Sauvageau and his soldiers banging down my door.
I am close to capitulating. I will be turning 76 in a few days. I don't want my last memories to be this quagmire. Time to pay up, walk away and try to enjoy the rest of my life.
I think...."why didn't this come up earlier? Why are you just now bringing this up?"All of these findings are overwhelming, we need to check with someone with some legal knowledge. For now, let's share it with everyone (ie Law Societies, Justice Minister, etc.) What do you think?
I think...."why didn't this come up earlier? Why are you just now bringing this up?"
From FB
To all those who say "1st time aware of this", from the beginning there were 4 distinct groups that went before Judge Loo way back in 2013. 2 of them did a lot of talking, while 2 did not. Without reliving the history or pointing fingers, a CLASS action is for the benefit of ALL the members of a group or class. Where this fell off the rails from the outset was that this group with MG who hailed itself a "class action" was in truth a special interest group created for only those that had held their leasehold interest for a period of time and wanted "out". Mistake #1 as now the group was fractionalized and motivated to get behind and spend money on a lawyer that was destined to lose when NOT serving the entire class of 15,000 leaseholds (all of us). This special group went on to be fractionalized more than once after that - always creating more division and weakness while mysterious 50 to 80 vested interested parties of Northwind REIT (a TRUST not a corporation so it could hide its identity) got stronger. It even hired professionals like Kirk Wankel and Doug Frey and Jud Virtue to kick our asses. Ranting at Mr Wankel for doing the job he was paid to do is pointless ... I myself would not take on scumbag clients like Northwind, but if I lacked a moral code and ethics, I would surely do my job just as well as he did and is doing. YES, we did a lot of research and spent a lot of time ($10,000 out of pocket and in excess of 200 hours that I would bill my clients for had I been working for them instead of this). On June 25, 2013, you can find S-134766 still listed as an active court filing (Lee Merriman V Northmont et al). Admittedly this filing was not well written by Kellie Hamilton (limited time) on behalf of myself, my wife, and perhaps the smartest man I know, Adam Hedayat. BUT at least it laid out the issues we ALL faced and formed the requisite information to BE A CLASS ACTION as we cared about ALL of you, not just some of you. Since Riverview is already a registered Strata property and our lease was exclusive to Riverview, the best course of action then and now was to ALL band against Northwind REIT, take our resort back, set up a Board, and manage it ourselves - allowing folks to buy in and out of it like a Strata / Condo property should. What I think is simply this ... when you folks can quit fighting amongst yourselves and going in multiple directions, we would be willing to help out with an already put together Corporate structure that will blow your socks off. This "deception" by lawyers started way back in 1994 with a Firm called McLeod Dixon that is now TWO Firms .. Norton Rose and Shinnour Matkin ... yes thats right .. our "trustee" and the Northmont lawyers have slept in bed together way back in 1994. Another little tidbit of information for you folks ... PRE Bankruptcy .. Our good old Trustee Philip Matkin had his wife and 2 other wives of his Firm owning 75% of Farimont thru a Company called 1287069 Alberta Ltd. Right again folks, our own Trustee had his wife PUT Fairmont into bankruptcy by calling a loan that was backed by our very own "capital investments" (ours was $35,000 paid in full) that were never recorded as income in Fairmont as they were funneled out to the FRPL Companies owned by 1287069 Alberta Ltd. Accordingly, you ALL have heard this before as I have posted more than once ... you just just chose to ignore it while riding the JEKE/MG train into oblivion. I was even aware that JEKE was a shell company that held only 1 thing, the Belfrey family leasehold interst and accordingly bore no financial risk that you all did. Even directors liability wouldn't apply as the debt would not be a CRA witholding debt. As Sandy has mentioned, we are out of the Country Feb 4 to 18 (we are every year). Upon our return, IF this group can UNITE, we will be glad to help as best we can however, I am aware that by letting JEKE waste our time and your money, this is an even more uphill battle than it would have been had we all united 4 years ago.
More from FB
Ms Stoner .. its not "ignorant" to have trust in people or a contract. We live in an age where the "wolf in sheep's clothing" seems to be more than children's story. Only 2 of us attended the depositions in Calgary in July 2013 .. Mr Hedayat and myself where I saw first hand Lindsey LeBlanc of Cox Taylor agree with Jud Virtue to hide the indenties of those in Northwind REIT. In Court you are entitled to face your accuser ... but the BC Court system has allowed Northwind REIT to remain a "secret society" using its minions to do the dirty work while Judge Loo denied us the email list to each other so we could band all 15,000 of us together. Judges are lawyers first and it is quite possible that NO ONE wants this thing to get out into the public eye. Even Justice Romaine way back 2008 / 2009 failed on the due diligence to ascertain that Fairmont had over $40,000,000 in un-allocated deferred revenue (our capital investments) that would not have allowed the Bankruptcy in the first place.