Wednesday, October 8, 2008

What A Joke!

Did you see the financial's that the board MADE UP!! They are not certified. They do not mention anything about the insurance money. We need to know what happened to the insurance money? They do not show who paid for the private penthouse balconies. The pool revenues are only$11,911(they make that in 3 months). Where is the revenue that we collect from the washers and dryers?? It goes on and on!!! I WILL ASK AGAIN WHEN ARE WE GOING TO GET CERTIFIED FINANCIALS FOR THE PAST 4 YEARS!!

According to Ricks made up financial's why did we pay $40,964 on attorney cost??? All they need to do is spend $8,000 on audit financials, and there would not even be a lawsuit.( At this point that would save us of $32,964). The question is not if they are guilty,but HOW BAD IS IT !!!!! I do not think that any one would sign for the off on those made up financial's(they would be afraid that they would go to jail!!!)

Posted by Anonymous
at

7 comments:

  1. AnonymousOctober 8, 2008 at 6:24 PM

    You are wright,where is the revenue from the washers and dryers?
    All you need to do is count the unbrellas at $10 per unbrella, and the beach chairs at $5 chair.You would see that they avarge $500 per day (do the math that comes to $31,500 for 9 months)they say they only collected $11,911 in 9 months.

    ReplyDelete
  2. AnonymousOctober 8, 2008 at 6:35 PM

    How come the insurance revenue is not in Ricks,AND Normans made up financials as revenue income?
    They want to make believwe that they never received it.I think that is where they got the money to pay for the privatet penthouse balconies.THAT INSURANCE MONEY IS OUR MONEY WE PAY THE PREMIUMS.IT IS NOT THE BOARDS PERSONAL MONEY THAT THEY CAN SPEND ON THER UNITS,
    OR CAN WRITE CHECKS TO THEMSELVES FOR HUNDREDERDS OF THOUSANDS OF DOLLARS!!!!!!!!
    You are wright the question is not if they are guilty,but HOW BAD IS IT!!!!!!

    ReplyDelete
  3. AnonymousOctober 8, 2008 at 6:37 PM

    I would like to know how bad is it!!!!!!!!!

    ReplyDelete
  4. AnonymousOctober 10, 2008 at 9:09 AM

    What we were provided is nowhere close to financial statements. They look like they were written by someone who both doesn't know how to write financial statements and someone who is attempting to hide the facts. The longer it takes to stop the boards's actions, the worse off all other owners will be. Given the state of the real estate market, it only is logical to assume that the board, if they are invested in real estate, are in financial ruin. I hope that when a judge rules against them, they have assets remaining with which to pay us back...

    ReplyDelete
  5. AnonymousOctober 10, 2008 at 6:17 PM

    As a multi unit owner in the hotel program where 50 percent of revenues are charged the same false record keep is maintained.
    The employees of the hotel either maintenance or cleaning crew are very informative in these reports of mangement abuse. Would suggest to stay away from the Hotel Program.

    ReplyDelete
  6. AnonymousOctober 12, 2008 at 10:55 AM

    The made up financials that Norman and Rick did,look like a 5th grader did them.Why are they so vague? Are they hiding something?Why is the revenue collected from the washers and dryers not reported as revenue collected? Did they forget it,or did they just put our money in their pockets????
    WE NEED CERTIFIED FINANCIAL STATEMENTS!

    ReplyDelete
  7. AnonymousNovember 6, 2008 at 9:58 AM

    this building is full of pigs

    ReplyDelete

Subscribe to: Post Comments (Atom)