5/30 More questions ....

Notice from BOD continued:  “Your Board of Directors will be available to answer any question …any issue …In the lobby …  June 2^nd & 3^rd  …. between 12:00 and 2:00 P.M.” 

Re: ASSESMENT for legal fees/expenses: Shareholders keep asking about the Assessment and for information about legal fees/expenses. Responses are none or incomplete, inadequate and insulting.  That includes, “It’s none of your business.” Estimated cost is $7,500 per month for an unknown period of time. That’s $90,000 (estimate) per year. We can’t be accurate because Jill and/or BOD refuse to answer questions.

  Shareholder money

Questions: Who authorized you to assess Shareholders for legal expenses for apparent personal or political matters?  Why didn’t O&D insurance pay? How and why did you select the lawyer you chose? Was there a vote? Did you do background and complaint checks? Where are the hard copy reports? How much has been paid and will be paid for legal expenses? (Why do you refuse give information after repeated Shareholder requests?) What is your lawyer paid for? Where are the bills and invoices? Who signs checks to the lawyer?

Jill repeatedly told me/us Adam Leitman Bailey is a ‘Super Lawyer’. Why repeatedly stress SUPER LAWYER? What is a ‘Super Lawyer’? Who advised you? Is there a link to Vision? You (Jill) mentioned the lawyer as well as police is ‘looking into threats’. Is the lawyer investigating, filing charges or taking any actions against Shareholders?  Are you ‘setting up’ the lawyer? More to come………….. For information and interest: 

Re: Adam Leitman Bailey    http://www.alblawfirm.com  

Re: Super Lawyers    http://www.superlawyers.com  

Re: Super Lawyers   http://www.newyorkpersonalinjuryattorneyblog.com/2009/10/im-a-super-lawyer-now-what.html  

*Note. I never communicated in any way with Mr. Bailey or his firm. I have no idea what he/they did or didn’t do. Information came from Ms. Schachter and/or links above.

There are also ‘Super Accountants’, 'Super Mice,' 'Super Mouses', 'Super Mooses' and more.

We need ‘Super Shareholders’ and a ‘Super BOD’ with good judgment and common sense. 

Financial records (Long overdue)

Questions: When will we receive accurate Annual and other Financial Statements? Why are statements overdue? Who writes the checks? Do we have reviewed invoices and bills for every irregular disbursement? Where are VA’s financial records? Are the records copied, safeguarded and stored? What banks do we use? Account numbers? How much do we owe? More …  

Pool

Questions: Who is responsible the pool fiasco? When was it discovered work was needed? Why wasn’t it done in a timely manner? Who gave pool workers permission to start 7:30 AM on Holiday mornings? Who supervises work? Are there competitive bids? Who and how was the ‘fix’ company selected? Is there a bottom line for costs and time?  

Endless letters.

We constantly receive letters that many Shareholders don’t or partially read.Letters from Marc (and friends) and Maggie are ‘signed’. They also note they are responsible for contents and pay the costs.

Questions: Re: Jill and BOD’s letters re; personal election, personal philosophy, personal nonsense, etc. matters. Who writes the letters? Why aren’t they ‘signed’ for responsibility? Who pays for the postage, printing, etc? Are you using Shareholder money? 

Please write questions on paper for your records. Please take notes on responses, if any. It is important we have a record. More to come …(Why did Vision Eneterprises quit?) Also .....

Happy Decoration Day and BOD will finally answer questions (Maybe)

There is a notice posted (Under glass? To protect from evil-doers? ??? )

Notice To All Shareholders (No date)
“Your Board of Directors will be available to answer any question ….. any issue …. In the lobby between …on   June 2^nd & 3^rd  …. between 12:00 and 2:00 P.M.” 

At the bottom: Names of all Directors. 

This is a good thing! Important you go, ask questions and demand answers. It is important to have your questions on paper. The purpose is so that you don’t forget or get distracted by a barrage of talk, evasions, babble and gobbledygook. Also, if necessary, this can be part of the complaints filed with NYSAG, Queens DA, etc.

Suggested questions:

Re: New Management Company. Who is the new management company? How much are they getting paid? Are there any services not included or add-ins? What services will they provide? Where are the other written bids? Who recommended them? How often will they be on site, etc.? Did you visit and/or interview a minimum of three of the Co-ops they currently manage? Did you do credit checks? Did you do searches with the NYS Secretary of State and NYS AG?  Are there any complaints with Queens DA? Show us the ‘contract’ and terms. When did the BOD vote? We want to see the Minutes that recorded the vote. Why did the BOD refuse to tell Shareholders who they are? Why did you keep repeating “None of your business” to our questions? Are you hiding things? What are you hiding? 

Suggested questions:

Re: Threats. Have you (Jill and BOD) made any complaints with the 111^th Police Precinct regarding alleged threats? If so, please provide information. Have you filed or do you intend to file legal actions against Shareholders? If so, please provide information. Are there pending legal actions against Shareholders relating to you (BOD) and Vision? Are you receiving personal protection? If so, who pays for the protection and how much? Does anyone use Valerie Arms Security for ‘personal’ matters?

Suggested question:

Re: Be nice. Why don’t you and everybody ‘back-off’, stop doing ‘bad stuff’ and work for the benefit of all Shareholders? If you are nice, maybe people won't be so angry.

 We know Jill and the BOD read this blog. It will be good they know these questions. It will be good if they make available written answers.  

Once again, this blog is for ALL Shareholders. Jill and the BOD and friends can post their answers, make comments, etc. 

Action: If you have questions that should be asked or have not been answered, please post your questions in comments.

Repeat! Please post your questions and comments. 

Nice is nicer than not-nice. 

Also … Happy Decoration Day and go to watch the LN-Douglaston Parade on Northern Blvd.

More to come ...

5/24 More on Proxy

More on Proxy…
The proxy and solicitation we received from Jill/BOD is outrageous. To me/us it reflects total disrespect, disregard and hatred. It reminds me of the HATE cult. Why hate us?

More information about proxies: (Thanks Marc)

http://www.lawserver.com/law/state/new-york/ny-laws/ny_business_corporation_law_609 

http://realestateqa.blogs.nytimes.com/2008/07/25/can-the-president-of-a-co-op-reject-a-shareholders-proxy

Re: Blog + Free Speech + Threats. 

I keep repeating, I am not a lawyer. Go to the ACLU website.

http://www.aclu.org/affiliate/new-york

You will find information, etc. about our rights of free speech. To the best of my knowledge, you/we have the right to speak, write, post, picket, protest, etc. anything, anyway and anywhere you/we want, including posting a blog or comments on the Internet (with certain limits).  See and/or contact the ACLU for further guidelines and info. 

If any member of the BOD or Management or Employee threatens you with ‘legal’ or ‘police’ actions, carefully write and report the threats/comments. Have any of you been threatened in any way?

Our blog is a public forum. Comments share good ideas, bring new information, provide insights and focus our attention. Good for you! And thanks.

Repeat: Our blog is a public forum which means members of the current BOD and/or friends can contribute. It may be a way to offer new/different information and/or make more enemies. If you disagree or oppose what is posted, speak up and contribute. Be open!

Important! Please distribute this blog to every Shareholder. It is important we all know what is happening. Despite denials, we know Jill, the BOD and all involved see this blog.

Please answer. Who wrote the proxy from Jill/BOD?
We will ask the NYS AG to review.

For your information: Websites, e-mail access, Shareholder information, forms, Minutes, etc. is provided by Management Companies. We don’t know which company Jill/BOD picked. She/they refuse to tell us. Why? Why secrets? "None of your business!"

If you see or speak with them (Jill/BOD),

demand answers. 

More to come ..........

*Note - Previous posting from

outsideshareholderMay 23, 2012 3:49 PM

I am an outside shareholder I have a question for Maggie Warford,I recieved your letter that says that you will create and run a corporate website for the Valerie Arms. to my knowledge most Management companys create, manage and maintain these websites for their clients. What kind of Management Company did you hire? I know IT IS NONE OF MY BUSINESS but why won't you tell us who it is? I am starting to be afraid that you geniuses re-hired Vision Management. What is the matter with you people.

Proxy

Proxy      More ... to come 

We Shareholders received a letter signed by the VA Corp Secretary dated 5/18/2012

.Attached was a ‘Proxy’. It requested you sign. Signing commits you to …

“The undersigned does hereby specifically authorize the proxy to ratify and confirm the acts of the Officers and Directors of the Corporation since the last Annual Meeting of Shareholders.”               

                                                   ??????                 

I am not a lawyer. I don’t/can’t give legal advice. I will not sign. I believe their proxy is not a good thing for Shareholders. I believe it does us all a lot of harm. (Is the proxy legal?)

The BOD sent this proxy to all Shareholders. Was Shareholder money used? Bet?

The instructions want you to give your proxy to Jill Schachter or ….?    

This letter and proxy leads me to ask …

Question: Do they (Jill and the BOD) believe we are all morons? Idiots? Senile old people? Gullible fools? Sheep?

Answer: …….. yup!

I am not a moron or idiot or the other stuff (I hope). I will not sign. This is insulting!

They want us to give up our right to protect ourselves?

I believe this is part of a conspiracy to aid and abet and sanction past and ongoing ‘bad things’. The ‘bad’ things include defrauding, looting and harming Shareholders of Valerie Arms.
They enrich themselves, gain power or something at our expense.

As this is a product of the current BOD and goes to protect themselves and Vision Enterprises, I assume the conspiracy involves both parties.  

Qui bono? (look it up) My guess is the beneficiaries are Vision (Peter Mesos, Jill and the BOD). The losers are us, the Shareholders. 

The following links are from Shareholders, newspapers, etc. They believe we should know more about Vision, our sponsor and Peter Mesos. 

http://www.queenstribune.com/archives/featurearchive/feature99/11/index.html 

http://articles.nydailynews.com/1998-02-06/local/18071933_1_co-op-homeowners-attorney

You can find a lot more on the internet or call the Queens newspapers, Newsday, etc. 

Don’t sign your proxy to Jill/Vision/Peter Mesos, etc.  

More to come ….. and ….    Happy Birthday.

Elections + conversation with Maggie

Elections are coming in Egypt, Greece, Valerie Arms, America, Senegal, Kazakhstan and other troubled places around the world. All have severe financial problems. America may survive. The citizens of VA (Valerie Arms), like Greece, Senegal and others, are at severe financial risk. We don’t know the severity of our problems because we can’t get information.

Vision is on the way out and according to those who know a lot more than I, Vision is a big part of the problem and cannot be trusted.

The current BOD (Jill) refuses to answer questions, supply information and says, “None of your business”. I suspect she/they doesn’t know.

Three candidates sent resumes. They claim some business sense, financial experience and knowledge. That’s good. We need people who know something and have some sense.

I know little about the members of the current BOD but have a lot of reason to believe they are making very bad decisions. 

We all received a letter from Maggie letter dated May 10. It was great! Among other remarkable things, she wrote, “I am currently a new target of the ‘negative blog’.” So much for nice.

Her letter included an invitation to call. I called, asked some questions, listened to a lot of stuff that included allegations about others. I asked her to provide documentation or proof of what she was saying. Nothing. She told me the Blog is ‘disgusting’, said in an e-mail ‘Do you wear a hearing aid?’, called me a ‘liar’, complained about Shareholders ‘micromanaging’ or other stuff.

She also kept talking about being 2^nd ‘runner-up’ winner and talking and talking and talking ...................................................................................

I wonder if Maggie knows George Wallace was also 2^nd ‘runner-up winner' in the 1968 election. If he wasn’t dead, could he be on the Board?

Union Rags was 6^th runner-up winner in this year’s Kentucky Derby. Caroline Cheptonui Kilel of Kenya was 4^th runner-up winner in the NYC Marathon for 2011.

My favorite stuffed rooster was 4^th runner-up winner in the 1919 Maryland State Fair. (see pic)

Maggie also threatened to ‘record’ our conversation if we speak again.

I doubt that I will call again. (I always take notes.)

(What is a "runner-up winner"?)

I do agree with Maggie’s ire at the sublet charges/fees. More about that to come.

I also understand what Maggie and Jill have in common.

Re: Maggie’s letter …  res ipsa loquitur

Rip-offs + VA

Co-ops are ‘gold mines’ for thieves, embezzlers and endless varieties of crooks.

VA (Valerie Arms) has cash flow of millions of dollars (approx. $3million). Besides mandated costs (utilities, taxes, water, etc.) we have many ‘flexible or variable’ expenses. This includes repairs, improvements and “urine wine and cheese parties”. Irregular or ‘special’ expenditures (above a limit) require a recordered BOD vote.

 

Co-ops are controlled by a BOD (Board of Directors) elected by Shareholders. The BOD authorizes all expenses and disbursements. Usually, two BOD members MUST sign every check. All checks are issued by the MC (Management Company).

Co-ops have money. Money + unscrupulous people = RIP-OFFS

Rip-offs include; ‘Kickback’s , ‘fees’, ‘finder fees’ and ‘commissions’, etc. paid to MCs, Board Members and Superintendants, etc.  All are illegal. They range from 2% of everything to 20% of contracts, goods and services.

Bottom line1: There are multiple ways to ‘rip-off’ VA Shareholders.

Q: Is it happening?

A: I have no evidence, but it ‘smells’ that way.

Q: How and why is it happening?

A: I find a lack of financial knowledge, insight and an almost total lack of interest of financial controls.

A: Multiple ‘conflicts of interest’.

A: A BOD that refuses to provide information.  

A: A BOD that gives ‘none of your business’ responses to Shareholder questions and has an attitude of apathetic ignorance. 
A: Shareholders apathy and apathy. (We are all guilty!)

 

MCs (Management Company) play a very important role for Co-ops. The BODs are not-paid volunteers. They can be teachers, clerks, lawyers,, firemen, housewives, retirees, etc. They usually have very little experience managing multi-family property. BOD usually rely on the expertise, experience, resources and most important, honesty of MCs.

Sadly, ( To the best of my knowledge. I asked. ) There is no City, State or Federal licensing or regulation of MCs. Many MCs (Management Companies) provide the expertise to ‘guide’ the BOD. Many Co-op attorneys, accountants, superintendants, etc. do a good job and don’t continually ‘rip-off’ and laugh at the BOD and Shareholders. 

Many don't!

VA has a ‘not good’ reputation. We are known to have ‘problems’. We now are included with other Vision Enterprises’ troubled Co-ops. VA apartment values and our reputation have been dropping.

Albert Einstein said, “Insanity is doing the same thing, over and over again, but expecting different results.”

Conclusion: The current BOD and associates MUST be replaced.

Vision Enterprises will soon be gone. We have to get our money back. Jill and the BOD refuse to identify or answer questions about the ‘new’ MC. Remember, “None of your business.” We must review.

Action: Do something. Get every neighbor to pay attention, be concerned, vote, etc.

Need help. Who is at fault?

We are a Co-op. We own Shares. We are Shareholders. We share the risks, rewards, responsibilities, etc. Ideally we contribute and share our skills for the benefit of all. 

We have big problems. And if we/Shareholders don’t act it will get a lot worse. And we will be guilty for allowing it to happen. Your fault! My fault! Our fault! 

 

We elect the BOD (Board of Directors). They hire the Management Company, lawyer, accountant, employees, sign contracts, make financial decisions, etc. They are supposed to serve the interests of all Shareholders. They are not supposed to act for their own self-interest. They are not supposed to pursue personal vendettas, do harm, be abusive, threaten, etc. They are supposed to be nice, not nasty. And the BOD is supposed to be honest and truthful. 

Honest and truthful is very important! If they or others lie to you/us one time, it means they are liars. It means you cannot and should not trust them.
Cockroach theory: ‘If you see one, there are lot more you don’t see and a lot more to come’. 

CAUTION: If you see a posted letter/notice, receive a letter, get a phone call or read something in this blog, try to make sure it is true before you believe or act on it.

We/Shareholders obviously need help.  We need your help: File complaints. Contact local newspapers. Review statements. Provide input. And more.    You can volunteer by announcing your willingness to help. Post a note in comments in our blog, e-mail to vasc11362@aol.com or contact the Shareholders you know and trust. If you e-mail to vasc11362@aol.com

Note Attn: Joel.  

All Shareholders: There is monthly newspaper that provides a lot of valuable information and insights. The advertisers and newspaper want to sell you things, so be skeptical. Contact them at link below to get a complimentary issue. No cost. Learn something.

http://www.cooperator.com

Cooperator.com is an online edition of The Cooperator newspaper. The publication serves the co-op and condo community with thousands of free articles on management, finance, maintenance and more...

Letters + Hate + Lies + Threats + Disrespect + ??????

Would you buy at Valerie Arms now? 

Letters + Hate + Lies + Threats + Disrespect + ?????? 

Re: 5 page letter dated 5/10/12 from Jill and the BOD. The sentence structure, syntax, spelling and grammar was good. The content is not good! Over 1600 words! That’s a lot of words in a letter to Shareholders who are insulted and disrespected by your words. I reread it to try to understand.

Much of it (seems to me) was gobbledygook, silly accusations, ‘non sequitur’ statements, allegations and recapping mistakes by previous BODs. You spent Shareholder money to explain your personal philosophies?

The letter (diatribe) posted behind glass is more bizarre.

Are Marc and Ellen also responsible for the murder of Teyvon Martin and starvation in Somalia and Sudan?

If you wanted to generate more animosity, anger and hatred, you are succeeding. Ask you fellow Shareholders.

Why does Jill and the BOD do this? HATE? ANGER? THREATS?   ???? Nobody likes this stuff.

To: BOD and Jill: Please stop using our money for mailings that insult us. Please stop using our money to resolve personal disputes and punish Shareholders.

Disrespect: (M-W)    contempt, insult, offend, dishonor, … go to

 http://www.merriam-webster.com/dictionary/disrespect  

We (Shareholders) want to know. We don’t get information we request, are told they (Jill, BOD) will give info when they decide to, “none of you business”, are called names (cowards, liars, disgusting, etc.) and treated with gross disrespect, contempt, etc. 

STOP!

Why do they treat us with contempt/disrespect? This is a very bad thing! 

Q: Why does it happen? A: Because we let it happen!

Q: What can you/we do? A: Speak out and act out (legally). 

Confront every member of the BOD. Their silence evidences they are all responsible.

Repeat: “Evil succeeds when good people are silent. Therefore, people who are silent in the face of evil are evil.”

Are you threatened because of speaking out? Voicing you opinion, blog, posting comments? 

Action: Go to   https://www.aclu.org/contact-us .  File complaint. Learn your rights and what we can do. 

This blog is open to ALL Shareholders to comment and/or ask questions.

Stop and Think

The problems at VA didn’t start recently. The problems have been growing and getting worse for years. Shareholders MUST wake up and get involved!

Obviously, Vision is/was a major part of the problems. The past and present members of the BOD are at fault because of the things they did, are doing and didn’t do.  Shareholders (including you and me) are at fault for not participating, not paying attention and allowing our problems to happen. 

The current infighting, personal attacks, accusations, distortions, etc. are making our problems worse, not better. The value of VA apartments (shares) is falling. And if we don’t fix things, we all suffer.  We don't want to become a kakistocracy.

It is possible to disagree without becoming evil, vicious, nasty, liars, etc. We should all make things better, not worse. 

The BOD (Board) should be people who are knowledgeable, active, willing to learn and volunteer their time and efforts for the benefit of all Shareholders. The BOD is NOT for personal agendas, therapy, ‘power trips’  or a social club for people with problems. 

Every Shareholder should be fully informed, all our questions promptly and courteously answered and never never never told, “It is none of your business”.  

Did Ms. Schachter just appoint someone who lives in Atlanta to the Board? She just appointed a new Management co. and refuses to give us their name or any information. She is using Shareholder money for a “Meet and Greet” party.   She advertises she is going use our money to serve “Wine and Cheese” at a party.  Forgive offensive language but since she is ‘pissing away’ our money, serving urine and cheese would be more appropriate.

The people who control Valerie Arms (VA) are the BOD (Board of Directors). Who controls them? The BOD controls and is responsible for Management, employees, lawyers, contractors, etc. These people control your homes and investments. We MUST do a lot better. 

“The enemy of my enemy is my friend.” Proverb

When someone tells me bad things about someone else, I ask. Is it true? Are they telling me for my benefit or their benefit? 

Reminder: The reason and aim of this blog is to inform, alert and protect Shareholders. Also to provide a forum for your input, comments, opinions, questions, suggestions, etc. You can click on button at the bottom of each blog or go to vasc11362@aol.com 

*Note- I invited Jill and friends to comment or post stuff on the blog.  We are for ALL Shareholders. We are ALL Shareholders.

I am not a lawyer, or a former Board Member and have only spoken with a handful of people involved. I am a Shareholder like you. And being a ‘concerned’ Shareholder does not make me a "coward". Calling people names is not nice. 

Jill kept repeating the blog is ‘disgusting’. The comments posted by Shareholders are ‘disgusting’. This blog is to inform and alert. It is not restricted. It is not ‘disgusting’. Shareholders are not ‘disgusting’.

‘Disgusting’ is telling Shareholders, “It is none of your business”. 

Bottom line: I/we believe the BOD needs improvement/replacing. I/we strongly suspect VA’s financial condition is not good. How bad? VERY BAD! The BOD and Vision do not answer our questions. Jill states “It is none of your (our) business”. The BOD is spending our money without our knowledge and/or consent. 

Action: Our money is being taken and spent without our knowledge and/or consent. To the best of our knowledge, the BOD authorizes payments and Vision issues the payments. Shareholders want this to stop. Tell the BOD, the Attorney, Vision and your fellow Shareholders.

Personality or emotional conflicts should not affect Shareholder welfare.
All involved should be nice, polite and work for Shareholder welfare.

Suggestion: Go to  http://www.cooperator.com  Learn stuff.

Info from Jill Management Co.

News: I spoke with Jill Schachter (phone) on 5/10/12. She called me again on 5/11/12. What follows is some of what she told me or what I inferred as a result of our conversations:
They hired a new Management Company She wouldn’t tell me who or what or why. She wouldn’t tell me how much VA is paying or what they will do. She admitted she had limited knowledge of management Companies, what they are supposed to do and how much they should be paid. She relied on the advice of “someone”.
Who? Who is the ‘they’ that makes the decisions? Is it Jill, or the BOD or Vision or other secret advisors? She refused to tell me. Quote from Jill, “It is none of your business”.

 (*Note – I have experience with RE management companies. I and other Shareholders had suggestions and wanted to help and provide input.)

Jill told me the legal stuff (advice, costs, bills, etc.) is in the hands of Co-op’s attorney. (Adam Leighton Bailey)  Jill hired him because of ‘something’ and he is a “Super Lawyer” and a “Leading American Attorney”. The information is available from Jill and his website. (http://www.alblawfirm.com ) I/we still cannot get information. (Costs? Invoices? Why? How much?) Jill told me the legal costs and commitments are a result of ‘legal advice’. She refuses to answer questions. “None of your business”.

VA also hired a “forensic accountant’ to investigate ‘stuff’. (Sounds like CSI Little Neck) How much? Doing what? 

Jill also reports she receives threatening, nasty and obscene letters, e-mails, phone calls and messages.

If this is true, it should stop. If it is not true, she should stop.

She should not make accusations that she will not or cannot substantiate. She refuses to answer who and what and when. (If she wants sympathy, she should follow Mark Twain’s advice.)

She told me the Police and her lawyer doing something and she has “protection”.

Are the Police investigating Shareholders? Is the lawyer taking some actions? What does “protection” mean? Does she carry a weapon? Does she use employees to be bodyguards or something with Shareholders funds? Is this a ‘bad movie’? 

Jill also stated/accused this blog is ‘disgusting’, my wife left a ‘nasty’ message, others made or said ‘bad things’, etc. Jill made disparaging remarks about the people commenting or making critical remarks about her.  Questions about financial and other things are “None of your business”, etc. 

Jill finally told me she would not answer my/our questions. She kept repeating, “It is none of your business.” Why doesn’t she answer Shareholder questions and give us requested information?

“It is none of your business.” She kept repeating, “It is none of your business.” (I take notes.) At which point, I said goodbye.  

In response to a Shareholder request, Jill did not give me permission to give her home phone number. It will probably be available from her ‘buddies’ or Vision. Jill also refused to give me her e-mail address.

(The lengthy call she made to me on Friday, 5/11/12, was at 1:12 PM. Yes, I do have record.) 

More to come …..


Also .... PLEASE ... No personal comments or attacks.

Thanx .... joel

Queen Regnant or Empress or ????

So … Jean Quinn, member of the BOD quit or resigned or got kicked out or something.

And then …. Jill Schachter, the all powerful PRESIDENT of the BOD appointed or anointed

Maggie Seminara Warford as Jean’s replacement.

Did the remaining three, Fran Rothkin 54-40 Apt. 5F, Barry Nelson 54-40 2R and Alicia Spiegel 54-44 6N, have a part in the decision? Did they simply follow orders? 

The appropriate thing to do was announce a vacancy. And next ...

Ask Shareholders to submit indications of interest to serve on the Board.

The arrogant disrespectful thing to do is what they did. 

Question: Who gave them the ‘right’ and the ‘power’ to do whatever they want?

Answer: You, the Shareholders did. You let it happen. You did nothing. (Some are trying.)

Are you powerless, timid, dead sheep? Are you spineless jellyfish?

The current BOD is making bad decisions.

Their actions are costing you money. (Assessments, repairs, legal fees, etc.)

The value of your home/investment is falling. And it will get worse.

Is your attitude is ‘let someone else’ fix the problems?

If so, you are part of the problem. DO SOMETHING!

Volunteer to help.

Action: Confront members of the Board. Demand all arbitrary assessments be rescinded. Demand full disclosure. Demand we (Shareholders) have access to all records. If they don’t listen and respond, perhaps they have hearing problems. In that case speak VERY LOUDLY. Shout at them, “STOP WASTING OUR MONEY!”. Contact the NYS Attorney General’s Office. I sent you the complaint form. If you need it, we will send it again. Contact every neighbor and get them involved.

Do it now! (All the above.) 

*Note – A shareholder is now in contact with the NYS AG office. One complaint is received and being worked on. Hopefully, more will follow. 

Important – Please read notes and comments from fellow Shareholders. 

Sample Letters from Shareholders to vasc11362@aol.com

From LUDVA     Subject: Ayatollah Schachter

What is wrong with her? She is a sick lady.

She has no right to yell and make fun at people. She makes jokes about old people, young people, foreign born people.She is nasty at everybody.

I asked why we got assessed and other things. She yelled and threaten me.

I will vote against her and all her friends.

Who should I vote for. Please write names of people who are good neighbors.

Thank you A neighbor.

From Levelheaded I would like to know why we don't have a surplus in our operating account.....we had a very mild winter, so our heating bills must have been extremely low as compared to past years, as well as little/no snow removal costs....where's the money? Someone I know who is running for the board would have informed shareholders of this money (not in exact amounts) and considered 1) pay down the mortgage 2) capital improvements 3) Local law 11 compliance 4) roof 5) landscaping 6) actually hire an engineer to find what's wrong with our water 7) maybe even hire a REAL NAMED forensic accountant to help us go after stolen money 8) get those contractors back into the building to finish the crappy job on the hallways 9) pay off the mechanics lien 10) upgrade the lobby ..... Or maybe just put it aside for a rainy day and make our books better. WHERE'S THE PRIORITIES? To the current BOD, use your heads, we as shareholders are not stupid and deserve information!

more to come ....

Job of Board and ....

We are a Co-op. The BOD (Board of Directors) is/are not-paid volunteers. They are supposed to contribute their time, efforts, skills, etc. for the good and welfare of all Shareholders. The people on the BOD should NOT be there to exercise petty vendettas, as a means of therapy, to have power over others, solicit ’kick-backs’ and/or other sick, sad stuff.
(Alliteration. Cool!)  

Bottom line: Job of BOD is to work for Shareholders, NOT against Shareholders. 

Who is/are the BOD? I am told Jean Quinn 54-44 1M just resigned/quit.

Her replacement is Maggie Seminara Warford. She is/was appointed or anointed by Ms. Schachter. (Please correct me if I am wrong.)

Other Board members are now; Jill Schachter, 54-40 Apt. 5R.

Fran Rothkin 54-40 Apt. 5F.

Barry Nelson 54-40 2R.

Alicia Spiegel 54-44 6N.

Do they all agree with everything Ms. Schachter does and says? Do they all follow orders? (*Nuremberg defense: “We were just following orders,”) Are they allowed to speak? Why are they silent?

"Evil succeeds when good men do nothing." – Edmund Burke, Albert Einstein, George Washington, etc.  The silence of BOD members  speaks for itself.

The BOD hires Management, Legal, Auditing, Accounting and other advisors. They are all supposed to work for you, Shareholders.
Sadly, frequently they don’t. They work for money. They work for their own self-interest. Frequently they generate expenses to enrich themselves at Shareholder expense. Who is ‘pushing’ these ‘legal’ bills?

Management is very important. I/we (Shareholders) want to be part of the screening and decision process to select a new Management Company. Some of us have the experience, expertise, knowledge and judgment to help make a good choice. The BOD actions is evidence they need help. I/we will help.

 We must be skeptical, we must be diligent and we must know. The BOD does not answer our questions. We have the right to know. What are they hiding?

Ms. Schachter and VE did not respond to our calls, messages, letters, etc.

To Ms. Schachter please contact me or post a good contact to vasc11362@aol.com or on this blog. (joel).

Sad Thing: VA (Valerie Arms) has troubles. VA’s reputation and values are declining. Our financial and infrastructure problems are increasing. And the internal disputes and BOD actions are making things worse.

Hopefully, it is a matter of good people making bad choices, not bad people doing evil. 

Help wanted: We need intelligent, emotionally stable, people with some knowledge or experience to serve on the new Board. If you have ideas, want to volunteer or thoughts to share or something to say, please post it on this blog. 

ANNUAL MEETING + ELECTIONS coming soon.