HBR NEWS
NOTICE TO ALL HBR OWNERS
BANKRUPTCY IS HERE FOR HBR OWNERS
Are you one of the Condo Owners who never question anything? Are you one of the Condo Owners who believe there are sides to take at the HBR Resort? Are you one of the Condo Owners that just pay one assessment after another and never bother to ask where all the money is going or even check to see the money is going for what the Assessment represented? If you are, you may be one of the reasons our Association is at the brink of bankruptcy. The HBR Association is bankrupt when the payables are more than the receivables and the money in the bank.
This is the case today ( September 25, 2013).
If you believe Michel Jekic & Laura Welliver have been telling you the truth and protecting our Association- DON'T. If you believe our Association has money in the bank- DON'T. If you believe money has been diverted and the Association Reserve Account and the Association Special Assessment Accounts have been drained -YOU ARE CORRECT.
If you don't believe any of this, you need to get a copy of the Association Financial Reports for 2012 and 2013 and give them to your attorney, CPA, or anyone who understands accounting. They will confirm to you that the Association has no money and even KW Management Company (Association Manager) warned both Jekic & Welliver, over one year ago, that what they are doing is against Florida Law and not acceptable for Condo Accounting.
READ THE ACCOUNTING NOTE ON THE BOTTOM OF THE ASSOCIATION FINANCIAL STATEMENTS - KW has given the HBR Board written notice that immediate action is required to address the issues. This was done over one year ago. No action was taken and today the Association is all but bankrupt. We don't have money in the bank and we have fake unacceptable accounting entries that confirm money was taken from Reserves for Operating Expenses.
If you would like to get a spreadsheet analysis of 2011, 2012, and 2013 Association Financials completed by an independent CAM Licensed property manager that illustrates just how critical the financial collapse of our Association is, jut email info@schechergroup.com to request it and one will be sent. Keep posted for the upcoming video that reviews the irregularities in Association Accounting that is scheduled for publication on Youtube in the upcoming weeks.
IT is time for the Condo Owners & Timeshare Owners to approach the State of Florida and request a Receiver or Special Master to take control of our Association before the bank accounts drop to a $0.00 balance. COMING SOON !
TODAY - the only course of action requires an independent receiver appointed by the court or a Special Master appointed by the State.
SHOCKING NEWS FOR JEKIC-WELLIVER RENTAL PROGRAM OWNERS
If you are a member of the Condo (Jekic-Welliver) Rental Program, you need to read your contract because it appears to make you liable to pay back over $600,000+ that have been diverted from Association Funds to cover the costs of the new bar & hotel business started by Jekic & Welliver. The Jekic-Welliver contract clearly states that the owners are responsible for all operational costs. These costs are being diverted from the Association and must be paid back.
Guess Who pay back? -You will if you are on the Jekic-Welliver Rental Program. Did you listen to what Jekic & Welliver were telling you or did you read or have your attorney read their contract. If you are on their rental program, you just may find yourself on the hook for all operational costs taken from the Association which is over $600,000. Are you ready for this?
HOW DO YOU GET PAID FOR YOUR UNIT RENTALS ?
Owners are now reporting that the Condo Rental Program pays in credits and not US Dollars - this should be your first red flag - they are out of money and can't pay their bills. The SG Resorts Program pays owners first and owners never pay any hotel operating costs.
It is time to demand the resignation of Jekic & Welliver and get responsible owners in charge of our Association. Listen to the numbers and read the Association Financial Report. This is the official cry for help. It is you money that has been part of a very clever disappearing act preformed by Michel Jekic, Laura Welliver, and their Board of Directors.
At the end of the day - the Association has no money and a "BS" entry on their financial statement that shows DUE FROM sources with no ability to pay and no ability to collect. The Association and you have been the victim of fraud and a personal agenda of Jekic & Welliver financed by the diversion of Association Funds. Just ask KW Management Company for the facts! THE END IS NEAR and only your action can protect your investment.