Alex Hirsbrunner
Lifetime Supporter
Hello Folks,
As some of you are aware, there is a group of RF customers that have an attorney in Australia attempting to remove the friendly administrator (to Robert Logan) that was installed as a result of his going into "voluntary" administration with respect to Roaring Forties PTY LTD.
Ron Earp is spearheading this effort but has business commitments that must be attended to so I am temporarily acting on behalf of the group.
At this point in time, the group has decided that we will be attempting to fund the approximately $9500.00 US in legal fees required to install a new administrator by proportionally dividing the costs based on the size of the deposit that is at risk for each person. Fortunately, once we reach this milestone there will be no more legal fees, as the administrator assigned to RF will perform any activities that are possible that will result in satisfying creditors on our behalf.
Currently, we are approaching this amount, but there are some folks that simply do not have the financial ability to participate as a result of their loss, so we will be offering some of the information that the group has in the hope that some folks will be contributing to the legal fund that Ron has set up at PayPal ([email protected]) - especially for anyone that has any deposit at risk or even parts they have paid for but not received.
An example of the proportional payments that have already been made includes my $1500.00 based on my outstanding deposit of $32,000. Ron Earp has a proportionally higher loss that he has committed to.
I understand that many may believe that we are wasting our money and we will never see any additional returns on this outlay of funds to the attorneys. Let me say that we understand this, and I would ask you to review the attached and documents that I post following this one describing why we are doing this.
As a quick summary, it boils down to this – with a friendly administrator in place there mayl never be a complete and thorough investigation of any possible financial wrongdoings associated with RF. As a result, the directors will not have any of their personal property at risk.
Let me be clear, I do not have any information that there was any financial impropriety (such as operating an insolvent corporation), but likewise, I have no idea what happened to our funds. The other threads on this forum that you have seen stating that deposits for X chassis were taken, yet only only a fraction of X were actually commissioned for build with Camco, which leaves some questions that still need to be answered.
Finally, we believe that taking this action will make it clear that we, as a forum will not standby idly and allow such actions to be swept under the carpet, potentially allowing for the repeat of this story in the future.
Regards,
Al
As some of you are aware, there is a group of RF customers that have an attorney in Australia attempting to remove the friendly administrator (to Robert Logan) that was installed as a result of his going into "voluntary" administration with respect to Roaring Forties PTY LTD.
Ron Earp is spearheading this effort but has business commitments that must be attended to so I am temporarily acting on behalf of the group.
At this point in time, the group has decided that we will be attempting to fund the approximately $9500.00 US in legal fees required to install a new administrator by proportionally dividing the costs based on the size of the deposit that is at risk for each person. Fortunately, once we reach this milestone there will be no more legal fees, as the administrator assigned to RF will perform any activities that are possible that will result in satisfying creditors on our behalf.
Currently, we are approaching this amount, but there are some folks that simply do not have the financial ability to participate as a result of their loss, so we will be offering some of the information that the group has in the hope that some folks will be contributing to the legal fund that Ron has set up at PayPal ([email protected]) - especially for anyone that has any deposit at risk or even parts they have paid for but not received.
An example of the proportional payments that have already been made includes my $1500.00 based on my outstanding deposit of $32,000. Ron Earp has a proportionally higher loss that he has committed to.
I understand that many may believe that we are wasting our money and we will never see any additional returns on this outlay of funds to the attorneys. Let me say that we understand this, and I would ask you to review the attached and documents that I post following this one describing why we are doing this.
As a quick summary, it boils down to this – with a friendly administrator in place there mayl never be a complete and thorough investigation of any possible financial wrongdoings associated with RF. As a result, the directors will not have any of their personal property at risk.
Let me be clear, I do not have any information that there was any financial impropriety (such as operating an insolvent corporation), but likewise, I have no idea what happened to our funds. The other threads on this forum that you have seen stating that deposits for X chassis were taken, yet only only a fraction of X were actually commissioned for build with Camco, which leaves some questions that still need to be answered.
Finally, we believe that taking this action will make it clear that we, as a forum will not standby idly and allow such actions to be swept under the carpet, potentially allowing for the repeat of this story in the future.
Regards,
Al
