I am so happy that the litigation has started!
It know has been over a year since we found our investments were in real danger, Frank Investments being closed by the Alberta Securities Commision then no interest payments coming from CBI we knew something was up. My Wife and I freaked out this cannot be happening to us, oh but it was and it did. As I write this I laugh about how Ron Cadman told me that the he didn’t like the tone of my voice when I confronted with a very simple question ‘Where is my $?” . Oh and laughed when He told me and my wife through his verbal accounting wizardry that all would be accounted for when the Red Deer Venue units get sold. A complete lie as I learned that others were in the same boat as we were. I remember Ron’s Words “Some times you win some and some time you lose some” . And we sure did lose some. I promised to Ron that this would be the last time we ever talked and that I will be reading about you in the papers, that’s just what I did happen in Macleans last Fall. Macleans article
If you have any questions about the Lawsuit against CBI et al check out McGuigan Nelson LLP at http://www.mnllp.ca/ Then Click the CBI Link at the top.
Now on to my response to CBIs response to Macleans article which describes my wife as the investor:
Ok my response is in bold after their response to the article.
“To our Valued Investors” Yes we are but we were more valued a few years ago then now most of us have no value left with you.
“would like to explain to investors, that while the economic slump in Alberta has dramatically impacted a few of the CBI Group Investments Exempt Market
funds they have not walked away from the projects and have full intention
of working through the Alberta economic downturn and returning as
much of the investment funds as possible.” What planet do you live on Alberta is booming ….poor excuse, I would have been more successful investing in boat for a 80 year blind East coast fisherman then you. Ya right returning as much as possible , I have heard recently of people getting their , CBI goose egg notification, like 0 and oh ya as mush as possible ! you would return negative dollars if you could so we would have to pay you! oh wait that’s what you did.
“The article describes multiple Exempt Market Dealers in the Alberta area that have taken or walked away with thousands of investor’s hard earned money. CBI Group investments would like to let investors know that Ron and Travis Cadman have not walked away from the investments that their clients have committed too, rather, they are pursuing all available options for investors with each fund.” No the entire article centers around my wife “Maria” and CBI. All available Options ya right: This is the option we will be getting: We get nothing, Cadmans get it all. and BY THE WAY THERE ARE NO OPTIONS LETIGATION IS PROCEEDING.
As an example, “The Lake House” Investors were provided a choice of 3 options on how they would like to move forward with this stalled project. What wasn’t discussed in the article was that all CBI Group Investors were provided Offering Memorandum’s, which they signed and agreed too. Ok I’m going to swear now; One of these Fucking options is to let the investors take over the whole mess, fuckin great for Ron and Travis, WE never even got a OM for the PIC.
It also wasn’t noted in the article that CBI Group investors continue to receive semi-annual updates on their investments. (Fuckin Lie never recieved one )
While we understand that a few of the Alberta investment funds have stalled due to the economic issues concerning central Alberta, ( You are in fuckin la la land ! , ya your the fuckin economic issue)
we would like to let investors know that two of the Arizona Investment funds continue to receive healthy returns on their investment and make any required interest payments.
yep when you Steal from Peter to pay Paul you can do this!
The founders of CBI Group Investments have been forthright in explaining the economic down turn and its effects on CBI Group Investments.
The issues surrounding the Alberta Securities Commission, and the sanction on CBI Group investments in previous years, was for print advertisement that did not meet the regulatory standard.
Yes True you lied like you are now!
The founders have also been straightforward with the issues surrounding their exempt market dealer Frank Capital Partners.
Made issue known to who? I talked with one of your brokers Kenton Rustulka last year after the sanction and he didn’t even know http://www.frankcapital.ca/kenton%20award%20press%20release.pdf
The current issues surrounding the ASC and Frank Capital Partners has resulted in many job losses, which has dramatically impacted the investor relations department.
excuses excues excuses
CBI Group Investments will be increasing their Investor Relations department staff to ensure that your receive a timely response to your inquiry and that CBI Group Investment keeps you up to date with the status of the funds you have invested in.
ok I’ll start calling… I’ll put down the number of calls I make and the number of times I get a staff member, I will post the results. If any one else would like to leave some stats about the fantistically improved Client Relation Management process me please do send those my way and I will post.
As mentioned in the MacLean’s magazine article, any further ventures Ron and Travis Cadman are connected with in Arizona, involve real estate transactions that are not connected with the exempt market or the securities regulators.
Right fucking on , no regulation …go to town with other investors
The founders, Ron and Travis Cadman, would like to assure investors that they have no intention of walking away from the CBI Group Investments projects and hope for investors cooperation as they make every effort to finish out the funds they have invested in.
You’ve already assured me that I will get nothing back, addtionally I will no doubt in some small fashion be paying part of your legal fees for the class action.
CBI Group Investors/Media Inquiries can contact the investor relations department.
Monday ‐ Friday
Phone: 1‐866‐900‐3683 ext110
716 – 10th
Avenue SW Calgary, Alberta T3C 0J8
GOOD FUCKING LUCK GETTING A HOLD OF THEM!