Tell us what’s on your mind? 
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a train wreck, that was this meeting. run by a bully. that accountant was so out of his league with her it was pitifull to watch. she’s awful and only a few stppoed her. cowards. talk the talk already.
Got to love Ron who points out facts and the attorney just disagrees. Thank you Ron.
The main take I got was that the board agreed on a $30,000,000 mortgage. HOLY CRAP!!! I think this was double the existing mortgage!!! Some woman who seems to know her finances questioned what it was used for and whether monthly maintenance would go up. I hope she runs for the board.
I do NOT trust this board. Someone will be misappropriating the MILLIONS.
SCARY TIMES.
Hoping some brave souls run for the board and do NOT quit.
I would vote everyone off the board, starting with the president.
Unfortunately I work evenings, I would love to hear a honest recap of the meeting. Thank you
If you’re reading this today – July 26th – please show up at tonight’s shareholder meeting at the swimming pool area at 7 pm.
There are many questions to ask – why is the attorney the meeting moderator? how much is she being paid to do it? why isn’t the Board or Akam manager the moderator”
How much has the attorney been paid since the new Board was elected?
Why did they cancel the June elections when they had no power to amend or repeal the By Laws?
Zarina can not legally attend the meeting since she’s not a shareholder. As for new candidates, there are several people that have never run before that have indicated that they would run in a new election, including one with a legal background. We just need a legitimate election and shareholder involvement. The number of people attending this Tuesday’s meeting will be the first indiction of whether we are dealing with a concerned shareholder populous or an apathetic one.
Zarina and her lawyer run the complex, it is only reasonable they present
We did NOT elect a lawyer. We elected 9 shareholders (now 5 or 6 left). If they are not going to represent us at this meeting then we need to do the special election to throw them all out and get rid of the not-elected lawyer who seems to be running our co-op. We need to have a show of hands of who else is willing to be on the board. THROW ALL THE USELESS TRASH OUT!
Seriuosly? You want Rose or “Navid” to be the primary speaker at next weeks meeting? WHY?
Do you really need more proof of their babbling incompetence?
In two years we Will be billed and all the charges will appear suddenly. Taking a mortgage that is more than half of what we already have and also in the time of the worst interest rates. Get ready we are going for bankruptcy. If you are worried about the value of your apartments make sure we fight the new board out!!!
At the meeting we need to ask if the co-op lawyer is under any contract as to how long we are stuck with her. We should ask how much the co-op has paid her since October. We should also ask why she is hosting this meeting instead of the property manager or board president like it was done when either Chandra or Louis would hold these meetings in the past. And is “David’s” assistant Scott paid by Akam or the co-op – if by the co-op what is his experience. If by Akam are they absorbing his salary under the original contract or has Akam charged us more for someone doing the manager’s job?????
Louis and Lalit resigned the first week, Arthur resigned a few months later and Renee either resigned or was forced off last month.
Can you advsie which board members resigned? They were so damm excited to s-it on the old board and now they have already run for the hills?
Thanks Ron that is great news. Let’s organize to call a Special Meeting!
Hopefully the board members that resigned will attend the meeting to let us know what illegal actions the remaining board members have been up to.
The Board ILLEGALLY removed Article 1 Section 1 from our By Laws. That article covers annual shareholders meetings and election of new Board members.
The Board cited their authority to remove By Laws Article 1 – concerning the annual meeting and elections – under By Laws Article X Section 2. BUT WHAT THEY OVERLOOKED WAS THE LAST SENTENCE OF ARTICLE X SECTION 3 WHICH READS:
“anything herein contained to the contrary notwithstanding, so long as as any Unsold Shares are issued and outstanding, these By-Laws may not be altered, amended, repealed or added to without the unanimous consent of all shareholders.”
If the Board Members or the co-op attorney or Akam Management performed due diligence – they would have found the the original Sponsor holds title to 9 apartments – 3,497 Unsold Shares.
My attorney has informed the co-op attorney of that this afternoon.
Therefore the Board’s action was illegal. What is LEGAL is for us to call for a Special Meeting for the removal of Rose Markov and at least one other Board Member.
In accordance with our By Laws, by shareholder vote, we can demand their removal “with or without cause” and we should make a demand at the July 26th meeting to schedule a prompt Special Meeting for the removal of Board officers [see By Laws Article II Section 4 – second paragraph].
Ron Migut
