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* CLP REPORT *
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Author Topic: * CLP REPORT *  (Read 2277083 times)

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gore range

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Re: * CLP REPORT *
« Reply #11175 on: January 27, 2018, 10:10:15 AM »
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Squirrels In Hats

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Re: * CLP REPORT *
« Reply #11176 on: February 01, 2018, 06:02:59 PM »
Debbie Bearley is continuing to burn volunteers. Still wondering why she has that power.
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Re: * CLP REPORT *
« Reply #11177 on: February 01, 2018, 06:55:06 PM »
The only authority she has is in her own mind. The trustees and EPACC ignore her.
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Re: * CLP REPORT *
« Reply #11178 on: February 01, 2018, 06:57:00 PM »
The only authority she has is in her own mind. The trustees and EPACC ignore her.

You might be missing some scuttle that appears on other corners of the internet.
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Re: * CLP REPORT *
« Reply #11179 on: February 02, 2018, 04:21:54 PM »
I have seen all of her Facebook posts. I have talked to one of the current Trustees and they think she's nuts.
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gore range

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Re: * CLP REPORT *
« Reply #11180 on: February 06, 2018, 10:04:31 AM »
On a related insurance note, since the Meadville Tribune article several weeks reporting on Park Restoration’s suing the park for damages regarding Park Restoration’s loss of Beach Club insurance payments, I received numerous messages from new readers asking a variety of questions regarding the insurance matter. A summary of the various inquires is posted below.

HOW CAN PRIVATE INSURANCE MONEY BE TAKEN BY THE GOVERNMENT TO PAY FOR PROPERTY TAXES?

The Pennsylvania legislature enacted has a state law allowing such. The law has repeatedly been tested and upheld in court challenges.

The background on the law is that properties were often delinquent on paying their  property taxes paid,  and when those properties were insured and destroyed in a fire, the insurance payments were not being used to settle the delinquent taxes, repeating costing local tax bodies and communities needed tax revenues.

The Pennsylvania legislature passed a law requiring that if there was insurance on a property lost in a fire or other incident, that the local tax bodies had first claim to the insurance policy payments to recover a portion or all of the delinquent tax debt.

Summit township quickly filed for such a claim soon after the August 2013 Beach Club fire. Park Restoration, the Beach Club lessee, sued claiming a constitutional 5th amendment violation. After four court and appeals hearings on the matter in county and the Federal Courts,  the law and tax bodies’ legal right to claming a portion of the Beach Club insurance payment was once again up held.

While the park did not have insurance loss coverage on the Beach Cub, the facility lessee, Park Restoration LLC, did obtain and pay for a loss insurance policy reportedly to cover their investment in the structure’s  improvements Park Restoration was  paying for and making to the facility.

Park Restoration was contractually obligated to carry only liability insurance per the Beach Club managerial agreement/lease to indemnify the park trustees against facility injury tort law suits. Park Restoration no doubt thought they were being prudent in obtaining loss insurance on the cost of their physical structural improvements prior to opening the new facilities and recouping the costs of their investment.

Of a related note, Park Restoration reportedly did not secure or use the in-depth knowledgeable services of a real estate attorney when Park Restoration signed the Beach Club management agreement/lease  to investigate or learn of all the legal ‘in and outs’  inherent in the contract. To date, the result of such an oversight has  caused ‘double-whammy’ losses to Park Restoration with Park Restoration first losing its insurance challenge case, and then losing a second and separate law suit case legal case where Park Restoration was ruled liable for damages resulting from not returning the Beach Club to the trustees per the management agree/lease:





WHY DID THE PARK NOT HAVE INSURANCE ON THE BEACH CLUB?

For the same reason they didn’t have insurance on the Dreamland Ballroom. With the park’s documented continuing revenue losses, the park did not have the money needed pay for catastrophic loss insurance on park structures.

For the newer readers, the park had an insurance policy on the Dreamland Ballroom, however, per reporting in the Meadville Tribune, the two salaried court-appointed park caretakers, operating the park in the interim while a new board of trustees was formed, did not have the cash needed to pay the premium on the policy in early 2007 when it was due. 

When the new board of trustees was appointed by the court took over park operations in June of 2007, they reportedly found $1,200 in the park checking account. The park did not have the money to pay for opening preparations for the 2007 season much less insurance coverage on the ballroom. With no income generated in 2007, the board was unable to pay the Dreamland Ballroom insurance policy. The ballroom was lost in a February 2008 arson-caused fire.

Contrary to the popular erroneous misconception that the park is owned by the people of northwest Pennsylvania, it is not. The park is legally incorporated as a privately owed corporation. The park is owned lock, stock and barrel by the Trustees of Conneaut Lake Park Inc. Privately owned corporations have no legal requirement to obtain insurance coverage on corporation assets.

WHY DID THE TAX BODIES CLAIM THE INSURANCE MONEY FOR THE PARK’S DELINQUENT BACK TAXES WHEN THE PARK SAID IT WOULD PAY OFF THEIR BACK TAXES?

For the newer readers unaware of the factually documented history on the matter-

.....per the park’s approved bankruptcy plan, the park stated to the bankruptcy court and creditors it would pay off its 20+ year $1.3 million back property tax debt by April of 2017, and it would raise the money to pay its back tax debt by selling 'surplus' park property.

Selling 'surplus' property to try and raise the revenue needed to pay the back taxes was the only option available to the park as per the park's own official financial statements filed with the court factually document the park was and remains completely incapable of even remotely generating any net profits what so ever in the park’s day to day operations, which could be applied to paying the back tax debt .

The tax bodies are on record in their numerous court filings to the bankruptcy court stating that after their examination of the park’s detailed financial statements submitted to the court by the park, and studying the  park’s revenues figures proposed in the park’s numerous court-ordered revised proposed bankruptcy, that the park would not be able to, and would likely never, generate the revenues needed to pay off their back tax debt.

As borne out by the documented facts, factually, per the county treasurer’s reported figures, the park struggled to generate only $537.767.94 in revenue through ‘surplus’ land sales by April of 2016 towards paying down the park’s delinquent real estate taxes, interest and penalties, falling far short of by a factor of half in paying off their taxes as the park stated they would.

The county treasure held $428,000 of the Beach Club insurance policy in escrow until the ongoing court battles over the money continued. The treasurer sent the money to the tax bodies in September of 2017.


It was only thru the elected tax bodies correctly, legally, and appropriately perusing and exercising their fiduciary duties to the tax payers in utilizing state law-authorized legal procedures to secure payment of $428,000 from the Beach Club insurance policy and paid to the park's overdue back property overdue tax debt balance in August of 2016.

Factually, the often maligned as ‘greedy’ tax bodies are responsible for saving the park’s bacon in paying off the park’s property tax debt and keeping the park open for at least another season, and not having the park once again put on the block at another sheriff sale to be liquidated by the ‘greedy’ tax bodies for the park’s agreed-to payment of the park’s back property taxes.


IS THE PARK PAYING ITS CURRENT TAXES?

The latest court documentation indicates the park is making payments on their current property tax billings.

However,  on a related note, according to December 2017 court filings, Allan Shaddinger, attorney for the Conneaut Lake Joint Municipal Authority (the lake area sewer system agency), informed the bankruptcy court last month the park has not paid its sewer taxes/fees to the Conneaut Lake Joint Municipal authority since February of 2016.

DOES THE PARK HAVE CURRENT INSURANCE ON THEIR OTHER STRUCTURES LIKE THE MERRY GO ROUND AND BLUE STREAK?

For the new readers, almost four years back, former, and now retired, paid CLP executive director Mark Turner told the public gathering attending the July 2014 EPACC ‘saving CLP’ briefing at the CLPVFD that the park couldn't find affordable loss insurance on the carousel due to the extremely high cost of coverage on the aged structure.

When directly asked by a tax body panel member sharing the stage if  “...the revenue projections from rides and other places are enough to cover the expenses and provide insurance on the structures?”, Turner replied, telling the near capacity fire hall crowd, “For all insurance we have budgeted $75,000 that will not be enough to cover all things, so priorities have to be developed, and as the park gets more healthy the insurance coverage will also. In an amusement park business, liability insurance is more important than fire coverage.”

On August 20, 2014 Keith Gushard reported in his Meadville Tribune article “
Conneaut Lake Park's financial disarray making it hard to get insurance” that-

“...Trying to find additional insurance for Conneaut Lake Park’s assets has proved to be difficult given the amusement park’s current uncertain financial situation.
   
“The challenge has to do with the financial condition,” Mark Turner, executive director of Trustees of Conneaut Lake Park, told the trustees’ board at its meeting Tuesday at the Conneaut Lake historical society. “It’s the threat of a sheriff’s sale and even bankruptcy reorganization.”
   
There is liability insurance on the entire park property as well as property insurance on both the convention hall and a $2 million policy on the Hotel Conneaut and directors and officers insurance, too, Deana Burge told trustees Tuesday. Burge said insurance on the Hotel Conneaut is held by Park Restoration LLC, which leases the hotel, but trustees are named as an additional insured party. Burge handles leases for the economic progress alliance of Crawford County, the administrative agency for the amusement park.
   
Burge said Roger Janes, the trustees’ insurance agent, has been unable to obtain additional insurance on the hotel property.
   
Burge said Janes is looking at putting together an inventory of assets, such as rides, and determining insurance coverage possibilities.
...”

In its December 2014 bankruptcy filing, the park reported to the court and creditors that the only structure on which the park had loss  insurance was  the Convention Hall. The Hotel Conneaut at the time, however, has been reported insured for loss, albeit obtained and paid for by Park Restoration LLC (the former hotel lessee).

Since then, I have yet to note any official documentation in the thousands of the detailed-to-the-penny pages of the park’s own self-reported financial reports to the court which every vendor and creditor the park pays that the park has written a check for any loss insurance on any other structures. It could very well be included in, not identified as such, under another payment of some other  title of name. However, it appears the identified payment amounts reported over time are the relative consistent amount report which include the liability and D&O (directors and officers coverage) insurance payments. I have yet to note any sizable increase in insurance coverage indicating the separate, reported more costly loss insurance on aged, high, at-risk structures.

As has been the reported norm, per the mandated  park self-reported detailed reports,  it  appear the park continues to maintain liability insurance for the park to cover injuries, and D&O/directors & officers insurance on themselves. Tho, I have yet to see documentation of loss insurance coverage on anything other than the Convention Hall and hotel. 

An interesting side note - the park has declared the Convention Hall surplus property which is not essential to park operations, and publicly stated it intents to offer the Convention Hall property for sale to raise much needed revenues. 

Of course, the park is a privately owned corporation and not taking public funds to be managed and operated. Granted while financially prudent to have and pay for loss insurance coverage on revenue-generating structures, I am not aware of any legal obligation mandating the park purchase/secure loss insurance on park structures and rides.

Granted, perhaps the legal argument could be made similar to the 2014 State Attorney General office court case where the board was accused of not performing their fiduciary duties in protecting the public’s interest in using the park’s facilities. However, that case was concluded without any final determination regarding what the park was or was not required to do to protect the public’s interest in the park.

In the separate Beach insurance payment case determining final disposition of a large majority of the Beach Club insurance policy money, as noted above, while the park did not have loss insurance coverage on the Beach Club, Park Restoration LLC, the Beach Club lessee on their own motivation and financial self-protection and without any legal or contractual obligation to do so, did obtain and pay for loss insurance for the cost of the physical improvements they made to the structure.

But in the end, the majority of the insurance money was finally ruled by the federal court system to be paid to the tax bodies for the park’s unpaid back property taxes.

There was no argument made in the Beach Club insurance case, that insurance was required on the Beach club to protect the public’s interest in using the “public building” Beach Club as stipulated in the park “trust”:




On a related note of interest, the CLP carousel structure will be 118 y/o this year; however, the majority of the carousel figures  are modern replicas which were installed in 1989-1990 to replace the original 1910 animals which were sold by the park owner to raise money for several different reported park-related and non-park-related purposes.

The park is reportedly celebrating the Blue Streak’s 80th anniversary this coming season; the Blue Streak is one of two surviving Ed Vettle-designed coasters remaining in existence, and is the older of the two (its sibling, the Cyclone, is a year younger, located at Lake Side Park in Denver).

The Beach Club was 75 y/o when it was destroyed in the 2013 fire of undetermined cause.
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gore range

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Re: * CLP REPORT *
« Reply #11181 on: February 08, 2018, 02:06:43 AM »
....a mid-winter varied collection of assorted documented data and related discussion generated by reading the recent Federal Bankruptcy Court filings.

Local tax payers, voters and readers can contrast the official sourced  and documented information cited below with what they may repeatedly read in the  local press’ ‘reporting’ regarding CLP financial matters.
 
While to the continued local press upbeat ‘reporting’ of the park’s continued improving progress, the facts officially filed with the court do not support such. The court record indicates the park continues struggling to stem their day-to-day operations net profit losses (net profit = cash income remaining AFTER accounting for operating expenses and bills).



Several court filings indicate the park is not paying their current bills. It also appears the park may not be  making bankruptcy creditor payments as scheduled, and required by bankruptcy court rules.

Per the park’s latest financial statement filed with the court in January, the park reports they had $42,267.98 available cash in their checking account just prior to the October Pumpkin Fest held in the park last fall. And at the end of the quarter, as of December 31, 2017, the park officially states it had $33, 874.80 in their bank account.



Readers can consider/evaluate how far $33,000 of cash on hand will go during the off-season, non-revenue-generating late-winter and spring months in paying for the expenses incurred during the opening preparations for the up coming 2018 season, as well as meeting and fulfilling agreed to bankruptcy payment obligations.

To compare and contrast having only $33,000 in hand available to pay for preparations for the 2018 opening,  in the Spring of 2015, the park-paid management/operator, the EPACC, needed to obtain $300,000 in loans from the both the EPACC and the Northwest Planning Commission (NWPC) of Oil City, to fund opening the park for the 2015 season. The park self-reported to the court having $72,993.59 of cash on hand on January 1, 2015.

Both the EPACC and NWPC are privately owned corporations which, among other things,  lend otherwise unavailable funding to cash-strapped companies experiencing credit rating issues with the normal commercial lending industry. On a tangential pertinent note, at the time of the 2015 NWPC $150,000 loan, the NWPC was listed as an unpaid park creditor in the park’s bankruptcy filings application, with the NWPC having previously given the park a $30,000 which was never repaid. Coincidentally, at the time of the second NWPC $150,000 loan, to a business which failed to repay anything on a previous NRP loan, an EPACC executive was listed as being a member of the NWPC board. On a side note, I have not seen documentation indicating there have been any payments on the 2015 $300,000 loans; they could exist, but any such payments are not readily apparent in court filings. 

Per the Federal Bankruptcy Court rules, a debtor’s (the park) approved confirmed plan is a contractual agreement that the debtor will make the payments the debtor agreed to make in their confirmed and approved plan.

The park agreed in their bankruptcy confirmation plan to pay their delinquent  $1.3 million back property tax debt by the end of March 2017 by raising the needed cash  thru selling ‘surplus’ lakefront lots. However, subsequent court filings reveal the park struggled to  pay only 49% of their property tax debt by the end of March 2017 thru their ‘surplus’  land sales as they agreed to do .

After a lengthy tax bodies’ legal battle, the tax bodies were finally awarded a majority of the 2013 Beach Club insurance payment, with the tax bodies applying that money debt  in September of 2017 to the park’s overdue and unpaid back property tax debt balance.

Subsequently, the tax bodies’ attorney informed the court in a December court filing that the park still owes the tax bodies $76,000 on the park’s delinquent property tax debt, an unpaid debt which is quickly now coming up on a year after the park  officially stated they would pay that back property tax debt in full.

While, in February 2017, the Erie TIMES NEWS reported “Turning a corner: Conneaut Lake Park emerges from
bankruptcy  The lakeside amusement park has turned a corner, and its board will focus on revitalization”, the reality is the park is far from emerging from bankruptcy. Three of the Federal Bankruptcy Court criteria for a debtor to emerge from bankruptcy are:
1) the debtor must demonstrate they are successfully making payment pay on the bankruptcy debts they agreed to pay (the documented record shows the park is failing to do such),
2) the debtor must show they are not incurring any new unpaid debt (again, the documented record shows the park is failing to do such), and ,
3) the debtor must file an application for a final decree from the bankruptcy court ending the bankruptcy case (and, again, the documented record shows the park not done such).

While the park’s approved bankruptcy plan clearly states the park WILL make quarterly, (every three months) $30,000 payments to the park’s secured non-tax creditors to pay down the secured non-tax creditors’ bankruptcy debt claims, since the park’s bankruptcy plan was approved and the park was to begin making the quarterly $30,000 payments, six quarter have passed.

The park has filed a quarterly summary report with the court for each reporting bankruptcy payments the park has made. The first three quarterly summaries show one $30,000 payment for each of those quarters. There is no $30,000 payment listed in the Jan 2016 to March 2016 quarter summary report. There is a $30,000 payment in the April 2016 to June 2016 quarter summary report. However, there are no $30,000 payments listed by the park in both of the July 2017 to Sept 2017 quarterly summary and the Oct 2017 to the December 2017 quarterly summary.

On a parallel non-payment matter, while the Federal Bankruptcy Court rules mandate the debtor is required to stay current on all new bills incurred after filing for bankruptcy, the attorney for the Conneaut Lake Joint Municipal Authority (the lake area sewer system agency and operator), informed the court in December the park has not paid its sewer taxes/fees to the Conneaut Lake Joint Municipal authority since February .......of 2016. The recent unpaid sewer taxes/fees are in ADDITION to the $606,074.84 of secured creditor bankruptcy debt the park owes and has yet to pay to the local sewer municipal authority for the past years of delinquent sewer taxes/fees. 

Per the park’s latest court filing, the park just requested its SECOND extension for having to filing an application for a final decree (the document which officially ends the bankruptcy), and the park IS NOT emerging from bankruptcy as erroneously reported to local tax payers and voters by the local press. Park creditors currently not being paid are essentially stymied in initiating collections efforts against the park while the park remains in bankruptcy.

Since filing for bankruptcy, and even AFTER selling the lakefront ‘surplus’ properties,  while the figures vary markedly. For example, the park officially reported the cash on-hand on June 30, 2017 was $34,005, a mere 24 hrs later, the park officially  reported a negative $3 (minus $3.00) on-hand on July 1 2017. Given the conflicting park’s self-reported numbers, it appears the park’s newly incurred debt since filing for bankruptcy increased by an additional aprx $1.5 million, which appears to be aprx $1 million more than the original bankruptcy amount. While the debt amount may appear ‘variable’ in court files due to the park’ inconsistent documentation in their required accounting reporting, the local press’ ‘reporting’ the park’ is turning a profit’ is not  found or verified in the court records. 

Of note, the park stated they were going to significantly increase park day to day operational gross revenues in 2017 ($154,000) with their  opening the newly constructed and expanded Camperland, and the new Go Kart attraction in the Convention Hall ( gross revenues ar all money earned BEFORE accounting for bills and operation expenses) For newer readers, the park failed to have the cash available to pay for adding both  the new Camperland expansion or the Go Kart attraction in 2017. 

In 2018, the park has stated they will begin the process of building the new Beach Club. Interestingly, the park has also stated they will generate $89,500 less gross revenue on the newly expanded Camperland operation in 2018 compared in to the stated  2017 gross revenues, and will generate $12,900 less gross revenue on the Convention Hall Go Kart attraction compared to the stated 2017 Go Kart gross revenues, both without any explanation of the notably lower second year gross revenues for the two new park operations. Still no word regarding the likelihood of adding the ‘new’ attractions to the park in 2018. 

« Last Edit: February 08, 2018, 02:24:09 AM by gore range »
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The Wraith

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Re: * CLP REPORT *
« Reply #11182 on: February 08, 2018, 11:58:26 AM »
The reported financials "are what they are", but you continue to only look through half the window. As I have said in the past, those reports are but only one of several places you need to look for a complete view through the window. There is only one company in bankruptcy that is "required" to report their financials, and those are only what the court spells out in their "rules" or established from other cases.

To get a truer view of this situation, a forensic audit should have been ordered, or demanded, by the creditors. If it has, I am not aware of it. That would be the only way to get all the facts together in one place and make an accurate evaluation of the situation instead of just one part of the equation.

You are not going to get that information from "those" court filings or "media" accounts.

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gore range

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Re: * CLP REPORT *
« Reply #11183 on: February 09, 2018, 03:21:37 AM »
....for the newer readers unaware of such, the Federal Bankruptcy Court rules require the debtor to officially report  a continued flow of financial data to the  court detailing and completely revealing the debtor’s entire, full, and true cash flow trail. The specified purpose of such reporting is  so that the creditors can examine the debtor’s official financial figures in order to make a fully informed evaluation and appropriate decisions regarding the debtor’s ability to navigate and weather the debtor’s planned course through bankruptcy.

Each and every financial report and/or statement submitted to the federal court by the park for the  creditors’ examination, analysis, and evaluation is an official sworn oath attesting the contents of the documents are true and correct.



Knowingly making false or misleading statements under oath to the court is a ‘no-chump-change’ federal felony.
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The Wraith

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Re: * CLP REPORT *
« Reply #11184 on: February 09, 2018, 11:32:22 AM »
For newer readers and those who pick and choose what they read:

  "A complete and accurate accounting" is only as good as the information being put into it by the DEBTOR with information known through documentation or knowledge readily at hand. I am sure those court financials are a "true and accurate" representation of the situation as the person submitting them attests at that point in time - FOR THE DEBTOR.

  As has been shown many times in the past, much of the figures in those are "forecasts" or "assumptions" and they have been far from accurate (and no charges of falsification or perjury have ever been filed). Add to the fact that some of the accounting practices of past Trustee Boards (or their representatives) has not exactly been up to GAAP standards and one could opine after a preponderance of the facts that the current Trustees, or their accounting service (wink-wink), may never have a true and accurate accounting to report......... what's the old saying.......... garbage in, garbage out.

  I have never said - or inferred - those reports are false, or that anyone has "lied" in the submission of same. They should be considered, on their face, an accurate representation of the financial fitness of the company at that specific point in time as submitted by the DEBTOR.........ONLY........ as required by the bankruptcy rules. The bankruptcy court relies on the DEBTOR to honorably supply the information unless or until facts and circumstances dictate otherwise.

  A forensic audit has more reach beyond the DEBTOR.
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gore range

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Re: * CLP REPORT *
« Reply #11186 on: February 09, 2018, 01:14:53 PM »
The creditors’ views of matters are well documented regarding their further  need or requirement for  ”...a truer view of this situation...”

There is, of course,  absolutely no documented evidence that the creditors have found the park’s current record of accumulated financial data inadequate for their (creditors’)  purposes, or that they are in need of or require a ”...
a truer view of this situation...”

Tho, certainly, I am proud and honored to experienced the opportunity to invest a full military career repeatedly taking a solemn oath proactively defending and supporting the constitution of the United States, guarding guarantying the freedom of speech rights of out-of-state parties with no legal standing in the matter  to allege there is a need for a forensic audit of the park’s financials to be conducted  to-

 “...
get a truer view of this situation...”.

I certainly encourage those parties so inclined to continue to their pursuing obtaining a forensic audit of park’s financials “...
To get a truer view of this situation...”

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The Wraith

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Re: * CLP REPORT *
« Reply #11187 on: February 09, 2018, 02:58:24 PM »
LOL true deflection and reapplication of facts to suit your purpose......

The GORE responded:
The creditors’ views of matters are well documented regarding their further  need or requirement for  ”..
.a truer view of this situation...”
Never said there was, but are they "well documented"? Just said that the option was still available should they wish to verify presented facts. Glad you speak for them, I don't.

There is, of course,  absolutely no documented evidence that the creditors have found the park’s current record of accumulated financial data inadequate for their (creditors’)  purposes, or that they are in need of or require a...a truer view of this situation...
Your wording is careful here as you split hairs. There is documentation from early in the process that certain creditors called into question the ability of the Trustee's to properly account for their debts/assets since the inception of the Board and because the EPACC had just taken over operations before the filings. You insert the word "current" record to which you are correct, the creditors (that are still left) have not recently deemed them inadequate, but the park still has not emerged, so stay tuned its always an OPTION.... The cost associated with such and endeavor probably discourages it, and limits the number of creditors who could afford it, outside of the BC being "asked" to order it.

Tho, certainly, I am proud and honored to experienced the opportunity to invest a full military career repeatedly taking a solemn oath proactively defending and supporting the constitution of the United States, guarding guarantying the freedom of speech rights of out-of-state parties with no legal standing in the matter  to allege there is a need for a forensic audit of the park’s financials to be conducted  to-  “...get a truer view of this situation...”.
And your military service applies here how? Is it supposed to make your assumptions more valid? Would not "out of state parties" include a retired public servant offering repetitive mind numbing treatises vicariously from the Rocky Mountains? LOL

Standing is not an issue this humble contributor has ever implied or claimed, but I do know someone who could have standing and has begged for a forensic audit to be conducted....


I certainly encourage those parties so inclined to continue to their pursuing obtaining a forensic audit of park’s financials “...To get a truer view of this situation...”
I concur!! Whoever they are...   And where in my previous post does the phrase which you keep quoting, "
To get a truer view of this situation" appear? It doesn't. It was used at the outset (beginning - meaning several years ago) of bankruptcy conversation when I listed it as an OPTION for the creditors. Context means everything.

More fantasy you wish to heave upon me. You once again missed the point of the last post because you wanted to argue a meaningless point.


CLP LIVES: You can sue anyone, any time, there will be hearings on whether to go forward in the preliminary stages. As the article stated, the topic of the hearing was limited to specific topics related to injunctions and whether/how to proceed in the short term.
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Re: * CLP REPORT *
« Reply #11188 on: February 09, 2018, 03:32:30 PM »
If you think the park now is anything but a big money pit you are kidding yourself.  The only way they are staying afloat is by auctioning off everything of value, borrowing money they are not paying back, screwing vendors and businesses and avoiding legitimate bills.


LOL true deflection and reapplication of facts to suit your purpose......

The GORE responded:
The creditors’ views of matters are well documented regarding their further  need or requirement for  ”..
.a truer view of this situation...”
Never said there was, but are they "well documented"? Just said that the option was still available should they wish to verify presented facts. Glad you speak for them, I don't.

There is, of course,  absolutely no documented evidence that the creditors have found the park’s current record of accumulated financial data inadequate for their (creditors’)  purposes, or that they are in need of or require a...a truer view of this situation...
Your wording is careful here as you split hairs. There is documentation from early in the process that certain creditors called into question the ability of the Trustee's to properly account for their debts/assets since the inception of the Board and because the EPACC had just taken over operations before the filings. You insert the word "current" record to which you are correct, the creditors (that are still left) have not recently deemed them inadequate, but the park still has not emerged, so stay tuned its always an OPTION.... The cost associated with such and endeavor probably discourages it, and limits the number of creditors who could afford it, outside of the BC being "asked" to order it.

Tho, certainly, I am proud and honored to experienced the opportunity to invest a full military career repeatedly taking a solemn oath proactively defending and supporting the constitution of the United States, guarding guarantying the freedom of speech rights of out-of-state parties with no legal standing in the matter  to allege there is a need for a forensic audit of the park’s financials to be conducted  to-  “...get a truer view of this situation...”.
And your military service applies here how? Is it supposed to make your assumptions more valid? Would not "out of state parties" include a retired public servant offering repetitive mind numbing treatises vicariously from the Rocky Mountains? LOL

Standing is not an issue this humble contributor has ever implied or claimed, but I do know someone who could have standing and has begged for a forensic audit to be conducted....


I certainly encourage those parties so inclined to continue to their pursuing obtaining a forensic audit of park’s financials “...To get a truer view of this situation...”
I concur!! Whoever they are...   And where in my previous post does the phrase which you keep quoting, "To get a truer view of this situation" appear? It doesn't. It was used at the outset (beginning - meaning several years ago) of bankruptcy conversation when I listed it as an OPTION for the creditors. Context means everything.

More fantasy you wish to heave upon me. You once again missed the point of the last post because you wanted to argue a meaningless point.


CLP LIVES: You can sue anyone, any time, there will be hearings on whether to go forward in the preliminary stages. As the article stated, the topic of the hearing was limited to specific topics related to injunctions and whether/how to proceed in the short term.
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IC2ITUC

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Re: * CLP REPORT *
« Reply #11189 on: February 09, 2018, 07:51:30 PM »
Debbie Bearley is continuing to burn volunteers. Still wondering why she has that power.
........... How is she "burning" them ?  She said something about me a few years back (can't now remember what- but it was NOT KIND and was UNTRUE)  Those on here that know me, KNOW that I ADORE the Park, having worked there a couple years in the Summer, during my college days, and would come up there from Virginia to Volunteer to help the Park.  I did this from the HEART, worked HARD and that was what I got from someone I DIDN'T EVEN KNOW !! (Bearley)  I would still like to Volunteer BUT I won't due to the Disrespect thrown my way WHICH WAS NOT DESERVED !
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