REMOVAL_OF_RECEIVER


Guest

/ #22

2013-07-16 07:24

I would like the receiver removed from the managing role for the General Partnerships. As expressed by several other investors, I also recognize that this has been, and always was, a long-term investment. The recent actions of the receiver are diluting precious liquidity from the accounts that was intended for various expenses such as taxes, insurance, and administration of the vacant land parcels. I am also concerned about the ordering of appraisals by the receiver, which seems to denote the serious possibility of a forced sale in the near term, which would be disastrous for the value of our investments. In addition, I hope the Court looks closely at the basis of the receiver's fees up to this point in time, and if not warranted, then the total amount of fees for collection by the receiver should not be approved. Above all, why is control being taken away from the General Partners? Controlled should be returned to the General Partners immediately, where it rightfully belongs!