Tell us what’s on your mind? 
- This topic has 2,119 replies, 2 voices, and was last updated 41 minutes ago by
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Banks don’t hand out loans without a plan and outline fir how the loan will be used. We just haven’t been informed yet.
To the below comment, we do not know the conditions, consultant fees, or planned use for this money. Did they borrow the maximum possible without any idea how to use it or do they have actual plans with estimates, I suspect the first option. In my humble opinion is the problem with electing a board (almost half of which has resigned already) who have no idea what they are doing, who are acting as puppets of a real estate broker for whom the board president is financially dependent.
What kind of bank gave this co-op (or any other in RP or FH) 30,000,000,00 in this economy.
Board President Rose Markov is a real estate agent working for Zarina and she is now doing the interviews for new shareholders that are using Zarina’s real estate company. This is a clear conflict of interest! If a new election is not held by October, we need to get the appropriate agencies to investigate all the inappropriate actions (such as changing our bylaws without shareholder approval, not giving financial statements, etc.) of the remaining Board members.
IT’S OFFICIAL!
The co-op corporation closed out our Mortgage with Wilmington Trust National on June 13th and took out a new mortgage on June 30th for $30,000,000.00 with the National Consumer Cooperative Bank in Arlington Virginia according to ACRIS filings of July 8, 2022
Park and Playground should open Morning 6:00AM to 9:30PM.
After the cheap shot of the Board deliberately invalidating our By Laws Article 1 Section 1 (elections and annual meetings) just to remain in power – the One Voice Tenants Association membership grew by 63 more RESIDENT shareholders.
Ron
If true these people canceld election just to be longer on board then I want being on new board to get them all out of this co-op and make them sell there apartments. Now we throw all trash out.
THE BOARD HAS NO AUTHORITY TO REPEAL THE BY LAWS. It takes a75% vote of the outstanding shares – at a meeting held for that purpose.
That is clearly stated in both By Laws and the Certificate of Incorporation.
That’s just another example of their incompetence and lack of leadership and failure of their legal representation.
I hope a replacement Board will hold all parties who voted for the repeal as acting in Questionable Conduct of the shareholder body and move to revoke their Proprietary Leases.
More facts – we now have 4 people, plus a fake consultant, plus Akam, doing the same amount of work (incompetently, I’m most peoples experience), that 3 people were doing in the management office. The payroll and management cost is likely a multiple higher then last year, which is another reason they are not releasing financials.
We are taken seriously when we stick to the undisputed facts, so here are just some of them:
It’s a fact that 4 of the original 9 Board Members left the Board within the first 6 months. It’s a fact that shareholders never received a budget for this year. It’s a fact that shareholders have not been told why we needed to borrow $15,000,000 or how it will be used. It’s a fact that Doris was fired and threatened with eviction. It’s a fact that Management and the Board President have a connection to the real estate agent who orchestrated the creation of our present board.
One thing that is not yet a fact is that the present board members will be voted out in just a few short months. Apathy among shareholders will be the greatest asset to the status quo. There are already several highly qualified shareholders that have said that they will run. A new and fair election with all shareholders participating will make the difference.
NOTE TO ALL:
There will soon be a posted change to THOUGHTS comments, as advised by my attorney. Specifically I can’t edit your comments so if you are making serious accusations without fact – I can’t insert words like “allegedly” to keep your comment posted; nor can I remove an offending word or discriminatory description of (really deserving) individuals. My one and only choice is delete the entire comment.
So please choose your words carefully.
If you Register as a member of the “free” tenants association – I can assign you a non-descriptive name (like kiwi or blue) and you can go into the Shareholder Discussion section of this website and scream to your hearts content and only the other Registered members will be able to see it and add to it or comment about it (almost like whatsup) except only I would know who ‘kiwi or blue’ actually is.
Ron
Your answer to “stupidity” only shows your absolute insanity. You are asking people to prove what their personal thoughts are. I bet you think you are smart enough to challenge people’s thinking. but your answers prove you are not. If there’s a cult level behavior – don’t look at the shareholders OPINIONS. Look at the people who are factually screwing the shareholders. You are most likely one of them. Do you even know what cult level behavior is? I doubt it. You should stop embarrassing yourself by posting your ignorance to this page.
Stupidity? Excuse me? Then show some proof because at this point calling people who disagree with you stupid is some cult level behavior
Stupidity – that’s when someone posts “a personal opinion” and an ignorant person comes along on June 22 and 23 screaming “Show me proof pls pls pls show proof NOW.
That’s all I got to say and that’s my personal opinion!
