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 Don't spend time here. 

Spend time here:  www.barkinvestors.wordpress.com

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Siena Watch

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Today is the day Barney, Clyde and their team of attorneys from Arent Fox are due in BK court before Judge Zive.  Noticeably absent, of course, are the attorneys from the Kelly Law Group.  We'll keep you posted if and when we hear anything.

Who Is James Kroetch?

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Who is former Bar-K attorney James Kroetch?  Will a deeper understanding of Kroetch lead us down a productive path?

An anonymous poster has pointed out that Kroetch now runs Medallion Silver, LLC:

Entity Name:	MEDALLION SILVER LLC
Entity Number:	201002510065
Date Filed:	01/22/2010
Status:	ACTIVE
Jurisdiction:	CALIFORNIA
Entity Address:	ONE NORTHWOOD DRIVE STE 1
Entity City, State, Zip:	ORINDA CA 94563
Agent for Service of Process:	JAMES E KROETCH
Agent Address:	ONE NORTHWOOD DRIVE STE 1
Agent City, State, Zip:	ORINDA CA 94563

If anyone out there believes an examination of Kroetch can be instructive, please share any information you might have below in the comments section.

Legal Discussion

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Insider Researcher asked the following:

"Would you consider a new topic were we can discuss some of the pending litigation, the status of the case, and what it means to us as investors? Even discussing the closed cases, like Alegria/Grassi can help to uncover the truth or get a better understanding of how the Ng family and their attorneys operate."

The answer is a resounding "yes".

We'll kick things off with a few updates.  First, it appears as though Dwight Dixon Collins and Kathleen D. Collins have sued Walter, Kelly, Bruce, RE Loans, Armanino McKenna, Greenberg Traurig and Elizabeth Cobey, an attorney at Greenberg.  Noticeably absent from the list is everyone's favorite villain.  Secondly, down south in Reno, the Debtors (Team Barney) failed to appear on the 25th, so the case has been continued until November 15th.  Lastly, Judge Zive denied the application to approve the Kelly Law Group and Matthew Kelly as Special Corporate Counsel.

So let's discuss.  Have at it....

Barney Finally Called On His High Jinx

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 On October 6, 2010 we discussed Barney's Supplemental Statement filing.  This filing asked the bankruptcy court to allow Barney's group to hire a few firms, amongst them the Kelly Law Group.  KLG was to provide legal services to the Siena.  As we all know, the Kelly Law Group is run by (virtual) legal dynamos Stephanie & Matthew Kelly, also known as Barney's daughter and son-in-law. 

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This blog is a safe place.  You can post anonymously.

Today we challenge you to take a step forward, hopefully fueled by the distressing news regarding the Siena.  We're not giving up hope.  We are continuing to educate ourselves, to uncover the truth and, ultimately, we will use these truths to recover what is rightfully ours.

We've had enough of the status quo.

Have you?

**BREAKING NEWS** SIENA HOTEL SHUTTERED

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Inside sources report that the Siena will close at noon today. 

This page will be updated as the story unfolds.

Per a document filed by Hi-Five's attorneys yesterday:

The Honolulu International Airport, Bar-K and "Gross Bad Faith"

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This unpublished opinion by Judge James R. Lambden is quite a nugget.  Bar-K sued First American Title Corp. If you are interested in the details, click the link in the first sentence.  If not, then focus on the excerpts below:

UPDATE: BAR-K LOSES REAL ESTATE LICENSE AGAIN - SEE STORY AND COMMENTS

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Note:  The following has been re-posted by request.  The original was posted on September 18, 2010.  New information has been provided in the comments section below.  Barney's license is/was listed as 'Salesperson', not 'Broker'.

Another day another doc.  Click HERE and scroll down to page 8.  Look in the middle column near the top.

Barney Joe NG (Real Estate Officer - "REO") and Bar-K (Real Estate Corporation - "REC") were suspended by the Department of Real Estate for a 2832 10177 (d) violation.

On page 5, you'll find disciplinary action definitions.

• A 2832 is for "Failure to comply with trust fund handling provisions." 

• A 10177 (d) is a "Violation of real estate law or regulations."

These violations were effective 10/31/01.  Barney and Bar-K were suspended for 180 days, but the suspensions were stayed on terms and conditions.  No word on what the terms and conditions were, but it does highlight a disturbing trend of questionable actions.

Assignments to Wells Fargo Foothill

A quick search of the Harris County (TX) Clerk's Office website shows that RE Loans assigned its interests in the Bravo Marshall development to Wells Fargo Foothill (pasted below).  It's not difficult to track down these assignments to WFF.  REL noteholders were led to believe that each and every loan was assigned to WFF.  Is this the case?  If not, why would B-4 Partners exclude certain properties from the deal with WFF?  If there were certain properties not assigned to WFF, where did they go and who got them?  Could they be viewed as preferential payouts to preferred investors?  What makes one investor more important than another?  If this happened, B-4 could be much more ethically challenged than we imagined.  As we methodically work our way down the list, loan-by-loan, we'll see if this is true. If anyone has information on this subject they care to share, please do so here.

File Number Description Type Vol. Pg. Names File Date YYYYMMDD Sec. Lot Block Misc. Pgs Film Code 20080153115 SEE INSTR ASSGN Grantor: RE LOANS LLC Grantee: WELLS FARGO FOOTHILL LLC 20080328 9 RP055290556 20080433825 SEE INSTR SUBORD Grantor: RE LOANS LLC Grantee: BARRINGTON SEC 2 20080819 2 RP059241310 20070467886 KINGWOOD LAKES SOUTH ASSGN Grantor: RE LOANS LLC Grantee: WELLS FARGO FOOTHILL LLC 20070801 01 INSTR 5 RP047860917 20090113699 BARRINGTON SUBDIVISION PT REL Grantor: RE LOANS LLC ETAL Grantee: BRAVO MARSHALL COMMUNITIES LP 20090319 01 B0002 INSTR 5 ER010971715 20090113702 NO 096693Z REL Grantor: RE LOANS LLC ETAL Grantee: BRAVO MARSHALL COMMUNITIES LP 20090319 5 ER010971720 << Previous 1 Next >>

Siena BK Venue Change Confirmed

The latest filing from Barney's attorneys lists the following:


Hearing
DATE: October 21, 2010
TIME: 11:00 a.m.
PLACE: 300 Booth Street, Courtroom 3
Reno, NV 89509

The judge is the Honorable Gregg W. Zive .  Zive is also handling the Station Casinos BK.

Siena GM Clyde Callicott: "The staff and management of the Siena have made a major commitment to you."

The August 2, 2010 Siena Newsletter from Mr. Callicott speaks of such good things to come.  Do you remember all the way back in August when the Siena was on top of the world?  Yeah, neither do we.  Clyde teases us with this statement:  "We a few (sic) new surprises this time just to shake things up a bit."  Who knew that meant they would stop allowing gambling at the casino?

Perhaps the Nevada AG should investigate this sentence:  "Everyone is a guaranteed winner."  We're not winners on this deal.  Are you?

Callicott ends by saying, "See you on the floor," but fails to alert us to the fact that the table games will be gone, the slots will be unplugged and the gambling floor will be walled off two short months later.  Details, details....

 Message from the Siena General Manager – Clyde Callicott

Another Reno Summer is whizzing by at the Siena and the action is getting even hotter. We a few new surprises this time just to shake things up a bit. Let’s start with tournaments. Not only do we have $2K Open Slot Tournaments, now on it’s new day Tuesdays from 12vnoon to 8PM where you could win your share of $2000.00 in cash and prizes, we’ve added a new tournament, The Siena $1000 Free Video Poker Tournament, Saturdays from 12noon to 3PM . For River Club card member we are rolling out the Red Carpet as we host special “Guest Appreciation Days”.

Wikipedia Needs Your Help

There's so much left unsaid on the Siena's Wikipedia site.  Who wants to take a stab at correcting the record?

http://en.wikipedia.org/wiki/Siena_Hotel_Spa_Casino

Siena - This Is A Must Read

Our favorite Reno-centric blog, REreno -- Hardcore Real Estate News -- does a great job of providing local (and insider) analysis and information, especially concerning the Siena.  This witty repartee can be found RIGHT HERE (yes, please click HERE). 

They ask some great questions.  Does anyone have any of the answers?

Hoping these questions will, at the very least, spur ongoing dialogue.

RGJ Update: Siena shifts money "to other obligations"

Update at 3:38 p.m.:

 Dennis Neilander, chairman of the Nevada Gaming Control Board, said the Siena requested temporary closure of its gaming operations. Its sports book will remain open because it is run by the Cal Neva under a separate license.

Neilander said there is a requirement for licensees to maintain a minimum bankroll, calculated based on the types of games they have and potential jackpots.

“They decided to shut down (their) gaming operation and take that bankroll to other obligations as part of steps to make the property viable,” Neilander said.

Gaming was shut down about 4 a.m. Friday morning and agents from the board were on hand to observe the final drop about 6 a.m.

Neilander said the Siena is working on proposals to redo the slot floor.  “I think they decided this was the best course of action,” he said.

Temporary closures are done by quarter. The approval runs through the end of this quarter. If the Siena wants to remain closed for another quarter they can make another request.

Jeff Siri, CEO and president of the Cal Neva, said they will continue to keep the sports book in the Siena open.  “Our sports book’s done OK business today, surprisingly,” he said, noting that a 6-foot wall had been placed around the slot machines. “Hopefully we can spruce up the area and stay active. If they can keep the hotel business open I think it could do OK.”

Reno Mayor Bob Cashell said about 3 p.m. he hadn’t spoken with anyone at the Siena yet, but had heard they closed the gaming to do a renovation.  “I’m just hoping they’re not closing,” he said.

Siena's Gaming Operation Halted

Siena Hotel & Casino - Is The End Near?

According to a local TV station, the Siena's casino floor is not currently open due to money woes. 


READ THE STORY BY CLICKING HERE

More here, too

Kelly Ng's New Business Partner

William H. (Bill) Bachrach has joined forces with volleyball coach extraordinaire Kelly Ng.  Their new business, called Lend, Inc. was brought to our attention by new poster Lu.  Thank you, Lu.  Whether Bachrach is involved or simply just Kelly's legal agent, it's still a newsworthy development. 

Bachrach's firm provides legal services "including Estate Planning and Probate, Domestic Relations including dissolution of marriage and child custody, as well Business Matters and Civil Litigation."

Question for the blog readers:  Should investors in the Bar-K family of funds be concerned about this new development or thrilled?  Please share your opinions.

Comments on the Siena's Supplemental Statement re: BK

On September 22, 2010, Andy S. Kong of the law firm Arent Fox submitted a "Supplemental Statement in support of: (1) Motion for authority to obtain post-petition financing; (2) Motion for order authorizing debtors and debtors-in-possession to employ certain professionals in the ordinary course of business and to set procedures; and (3) Joint motion of One South Lake Street, LLC and Wild Game Ng, LLC for order authorizing the interim modification of the debtors' hotel casino lease and land lease."

We have already discussed the lease and the suggested modification (3), so let's focus on items (1) and (2).

Siena Bankruptcy Update

Following up on the September 14th posting entitled "Siena Bankruptcy", we stated that we were anxiously anticipating the day the Wild Game Ng / Hi-Five and/or Five-Way Development lease would be made public.  That day is upon us.

There are two leases that we could find.  The original lease from March 6, 2000 and the amended lease from April 14, 2000.  Are we to believe that the original lease Barney signed with Barney wasn't rich enough for Barney in hindsight (6 weeks later)?

It turns out that we were way off on the numbers from the September 14th posting.  The monthly rent wasn't $350,000 per month. It's actually $553,333.34 and, prior to the Siena BK filing, was scheduled to balloon its way up to $774,666.67 shortly, as the lease hits its tenth year. It was scheduled to escalate to $885,333.34 in its 15th year. Anyway, the latest filing seeks to suspend these $553,333.34 monthly payments from Wild Game Ng to One South Lake, substituting $11,000 monthly payments instead.  For those of us who are mathematically challenged, that's $132,000 a year - a nice income that many of us would be thrilled to have given the state of our investment(s)...but let's move on, shall we?

Tri-Ng to look out for our Well B Ng?

Sometimes it feels like we're just "Tri-Ng" too hard in life, doesn't it? Or maybe we're not "Tri-Ng" hard enough.  The information is out there, but we've all been too oblivious, too lazy, or too gosh darn blind to search for the truth.  Whatever the truth may be, we're certain Barney Ng is always Tri-Ng really hard to get ahead.

Tumwater Brewery Sold

According to the Tacoma News Tribune, an ownership group has purchased the "200,000-square-foot brick (Tumwater) brewhouse, 32 acres of property that surrounds the building and two parking lots".  George Heidgerken and Patrick Rhodes spent $1.4 million in cash on the purchase.  It's important to note that we believe this isn't the entire Tumwater property.  We think there's more to sell.  Mackinac Partners' promise to maximize the value of this asset can't be fully blamed on them given the fact that the water rights were sold out from under the property by Barney. Gut wrenching as it might be, if you check your loan summary list on the Bar-K website, you'll be troubled to find that the original appraisal for the property was $57 million and the loan amount was $26 million.

Mortgage Fund '08 September 2010 Newsletter

We received the September 2010 MF '08 newsletter in the mail this weekend. Thank you to Walter and Kelly for keeping us abreast of the latest developments.

At first blush, the outlook seems rosier for the '08ers than it does for the REL'ers or the RE Reno'ers.  '08 doesn't have a $60+ million line of credit and isn't contemplating a secondary loan of $20 million like RE Loans, nor were they subordinated to junior status like the RE Loans noteholders.  '08 also isn't a secured creditor staring down the barrel of a bankruptcy filing by Wild Game Ng/One South Lake/Hi-Five like RE Reno.  That's the positive news.

The not-so-positive news is embedded within the newsletter and many of the statements beg for further clarification.

Bar-K and Barney NG were suspended by the CA Dept. of Real Estate in 2001

Another day another doc.  Click HERE and scroll down to page 8.  Look in the middle column near the top.

Barney Joe NG (Real Estate Officer - "REO") and Bar-K (Real Estate Corporation - "REC") were suspended by the Department of Real Estate for a 2832 10177 (d) violation.

On page 5, you'll find disciplinary action definitions.

• A 2832 is for "Failure to comply with trust fund handling provisions." 

• A 10177 (d) is a "Violation of real estate law or regulations."

These violations were effective 10/31/01.  Barney and Bar-K were suspended for 180 days, but the suspensions were stayed on terms and conditions.  No word on what the terms and conditions were, but it does highlight a disturbing trend of questionable actions.

Siena Bankruptcy

There are a few documents that we are anxious to see as the bankruptcy moves forward.  The first document is the supposed lease signed in March 2000 between Wild Game Ng (Barney) and Hi-Five (Barney) where Barney is supposed to be paid approximately $350,000 per month in rent.  The second document is the underlying paperwork attesting to the fact that Hi-Five (Barney) owns 25% of One South Lake (Barney).

If you're confused, it's quite simple.  Barney will come out of this filing smelling like roses.  The rest of us won't.  We're not surprised.  Are you?

Jim Weissenborn's September 9, 2010 Newsletter

We will spend time breaking down the newsletter in the near future.  In the meantime, here are our initial thoughts:

1. The money is gone.  If you can't figure this out after reading the newsletter, we feel sorry for you.
2. On page 3, the nifty pie chart shows 0% of the loans Walter, Barney, Bruce and Kelly made are performing.  Note that everyone's favorite, Walter, is included in this list.  Conventional wisdom these days is to point the finger at Barney, but it's not too difficult to understand that sweet Walter may have unclean hands.
3. Speaking of Barney, Capital Salvage is a far bigger player in this whole mess than I anticipated. 
4. Speaking of Bruce, it's sad that such a well-respected member of the community found it so easy to mislead us.  These investments were safe according to Bruce.  They'd never lost a penny according to Bruce. Don't worry, said Bruce.  NONE of the loans were safe.  Not a single one.  The exchange agreement is no big deal, said Bruce.  Nothing will change if you sign the exchange agreement, said Bruce.  The exchange agreement subordinated every single investor to WFF.  Forever. 
5. WFF drew down all but half a million dollars of REL's cash reserves.  Question - how much was in the account before WFF drew it down?
6. Weissenborn wants to take out a smaller loan to cover taxes and carrying costs in the amount of TWENTY MILLION DOLLARS!   Weissenborn is simply digging a deeper hole for us.  Question - Will the noteholders be subordinated even further down the list?  Likely pecking order if/when the new loan is secured:  1)  WFF 2) Company loaning $20 million 3) noteholders. 
7. The Ad-Hoc Creditor's Committee isn't supposed to communicate with the other noteholders, but they are supposed to help Weissenborn gain a better understanding of "investor concerns."  How can the committee understand what we're going through if they're not allowed to converse with the rank-and-file?  The hand-picked committee is a sham.
8. Pearl Tom is a member of the Creditor's Committee.  Why does her name keep popping up everywhere?  Ms. Tom's name appears on all the Siena/Wild Game Ng/High Five/Five-Way/One South Lake bankruptcy filings.  Somehow she's figured out how to receive notice on all the BK filings.  Just who is Pearl Tom?  We'll delve into that at a later time, but it's becoming abundantly clear she's in cahoots with sweet Walter.

More later....

A Spotlight on Kelly NG

One fourth of the B-4 partnership happens to be a BIG volleyball fan.  He plays volleyball.  He coaches volleyball.  He even trains for volleyball by dancing along with some sort of video game. 

Money Manager, Volleyballer and Dancer Kelly NG was highlighted in this SF Chronicle blurb.

That, my friends, is 1/4 of the B-4/Bar-K/RE Loans/Mortgage Fund '08 brain trust.

Investor: Barney NG is "An Egomaniac"

The RGJ takes a superficial look at the Siena.  Barney speaks, but continues to blame the Siena's failure on the slot machines.  You can read the article here:  Siena Doomed To Fail?
The paper also runs a companion article.  This one is kind of fun given the title on the RGJ headline about Barney:  "He's An Egomaniac".

Labor Day Weekend

Today is Friday, September 3rd, 2010.  Labor Day is on Monday.  It's also the day before most kids go back to school across the country.  The importance of Labor Day to investors in the Bar-K family of funds is that the majority of the investors *must* labor, more often than not because our investment has stopped paying interest.


It is going to take a lot of energy to continue the fight to recover our money lost to the NG dynasty.

In that spirit, may you enjoy the national holiday to the fullest.  Rest, relax, sit in the sun, have a cocktail, a picnic, or a barbeque and, hopefully, take some much needed time with family and friends.

Revolving Door Policy

Finally a bit of press coverage on something important to us.  Unfortunately, Rolf Boone, the author, got it wrong at the end, as Capital Salvage, as we all know, is Barney's entity.  RE Loans recently "won" the property back at auction, essentially recovering the note for no money down. Get an NG out, replace that NG with another NG.  That's the theory here.

If, in months or years past, "the brewhouse was listed for $2 million and the two parking lots were listed for $1 million," then RE Loans (or Capital Salvage, if you will), isn't taking home a lot of cash, which means the WFF LOC isn't going to dwindle much, if at all due to this potential sale.  Also, what's with the NG propaganda machine touting potential sales?  It's all horse manure until there is something concrete to tell us. 

Scouring the internet for NG dirt

Technology is really amazing these days.  Back when I invested in RE Loans, the internet wasn't what it is today.  Now, a simple Google search turns up some really incredible information.

Read this story about Michael Ohayon & David Papera.  Then scroll down to the comments section and check out the posting made by my favorite internet poster of the month, AnotherNgVictim.  If you check the 2009 (de)valuation document written by Mary Ann Lerch, you'll spot Loan Number T0467.  Loan Number T0467, as Lerch states, is "REO. Property is owned by R.E. LOANS, LLC (3XS, LLC)."  3XS, LLC is a registered business in the state of California.  The Agent For Service Of Process is none other than Michael Ohayon.  The comments made by AnotherNgVictim do a great job of pointing out the NGs history of doing questionable deals with crooks (see All American Bottled Water in Tumwater, WA).

The Press, The Government and Disappointment

There are a few issues that have caught the attention of Bar-K investors lately.  You know what they are, right?  The Olympia Brewery in Tumwater, WA and the Siena Hotel and Casino in Reno, NV.

I've been disappointed by the lack of media coverage on these two issues, with the exception of the Channel 4 in Reno and an obscure blog.  When the local TV station  and a blog upstage the local newspaper, something is wrong, especially when it comes to investigative journalism.  The Reno Gazette-Journal ("RGJ") writes a story here and there on the Siena, but, ultimately, they are just skimming the surface, which does less harm to the local economy.  I get it.  I really do.  There are jobs at stake here.  This has a profound effect on lives, relationships and families.

December 31, 2012

MARK YOUR CALENDARS!

December 31, 2012 is the maturity date of the RE Loans note.  As we all know from our thorough reading of the October 2007 RE Loans Reorganization Plan And Note Program (the "Exchange Agreement"), we can get our money back if the Ngs feel like it.

It's so close we can almost taste it!

An open letter to our savior

On July 15th, James Weissenborn ("Jimmy"), the Chief Restructuring Officer of RE Loans and the Managing Partner of Mackinac Partners wrote a letter to RE Loans noteholders.  If you haven't seen the letter, check out the RE Loans website (recent news section) and look under Mackinac Correspondence.  Click on the link for "Message from Chief Restructuring Officer (CRO)".   Now, onto the response...

Kelly NG. Volleyball Coach / Fund Manager. WHAT WERE WE THINKING?

Math Camp

It's summer, and children across the country are having the time of their lives at camp.  Maybe it's art camp, perhaps it's religious camp, or something more athletic like soccer camp.  I figured the good readers of the Bar-K Investors website might want to join me at math camp.

As we all know, there are too many people who have had to end their retirements and go back to work.  Some have had to stop watering their lawns, or scrap the remodeling of their homes.  Others had to swallow their pride and move in with family members.  Even worse, some of us have skipped medical treatments or been unable to pay our medical bills.  I have heard stories about some unfortunate noteholders losing their homes to foreclosure.  It's far from uplifting.

Where is Contrada Hills and What Does It Have To Do With Me?

Click HERE to learn more

Is Mortgage Fund '08 A Ponzi Scheme?

Sadly, the Courthouse News Service looks like the only outlet interested in covering this $64 million issue.  Then see this document (page 6 Box 13).  You'll notice that the total amount sold is actually $84,868,977 according to Coach K, everyone's favorite volleyball coach/fund manager, brother of Barney and, of course, son of Walter.

How To Play A Shell Game -- A Tutorial

This post deals specifically with the Siena Hotel and Casino in Reno, NV. Close your eyes and cover your ears if you're scared to read scary things. It's like Halloween in August.

Siena Creditors

This is pretty interesting...

Hi-Five Enterprises filed for BK. It's only creditor is none other than Barney Ng in the amount of $75,000 for "services."
Want to guess who is the Managing Member of Hi-Five Enterprises? Bingo. Barney Ng.

One South Lake filed for BK the same day as Hi-Five. One South also has one creditor. RE Reno in the amount of $106 MILLION. That includes anyone who invested in RE Reno. Are there any of you out there?

Then there's Wild Game Ng, Barney's LLC. Wild Game Ng also filed for BK, believe it or not! There are over 400 pages of creditors. Scanning the Top 20 creditors list, two really stand out:
1. Barney Ng for $36.5 MILLION for "Rent Payments"
2. Walter Ng for $450,000 listed as a "Loan"

The takeaway, you ask? Barney bankrupts his company, then lists himself and his dad as the biggest creditors.

B-4, aka a story by Mario Puzo

According to those in the know, B-4 includes the following:

-- Walter Ng
*81 years old...coincidentally born the same year as the beginning of the Great Depression. Walter, the patriarch, is the Godfather, Don Corleone in this story. Loved and trusted by many, despised by some...will the people ever really know who the real Walter Ng is?

-- Barney Ng
*Some consider Barney to be either Michael Corleone or Sonny Corleone. He's probably a little bit of both -- he's smart, devious, impulsive, lives in the shadows, pulls all the strings....

-- Kelly Ng
*Some consider Kelly the Fredo Corleone of the family. Call him up on the phone and come to your own conclusions.  To make ends meet, Kelly coaches volleyball (Kelly's Other Day Job - go to roster, then scroll down to coaches).

-- Dr. Bruce Horwitz
*This is the guy who got people to trust the investment pools. Who better to trust than a pediatrician?
*Consider him the Tom Hagen of the family, the consigliere, in a way, except for the fact that Michael Corleone and Tom Hagen never sued each other.

Tumwater needs united front in brewery redevelopment - Editorials - The Olympian - Olympia, Washington

Tumwater needs united front in brewery redevelopment - Editorials - The Olympian - Olympia, Washington

There has been very little public discourse about the Olympia Brewery in Tumwater, WA (Loan #A00977 if you're scoring at home). This is a weird one. The property is a hot potato. First All American Bottled Water owned the property. Then they defaulted. Who scooped it up? One of Barney's companies, Well Be Ng -- or was it Capital Salvage? -- anyhow, it now looks like RE Loans has claimed title on the defunct brewery. There are a ton of unanswered questions, but I'll pose just one today:
Who received the 3 x $1.76M from the cities of Lacey, Olympia & Tumwater? Was it Well Be Ng, All American Bottled Water, RE Loans or one of the B-4 individuals?

Does anyone know?

More Trouble At The Siena

This isn't getting better.

Well...this isn't good

Looks like our good friends at the Siena have been dipping into their employee's paychecks, charging them for their health care benefits, but not passing the funds along to the insurance company. That's not good, right?