Yesterday, in Joilet, Beartooth co-op members held a meeting to discuss their rate increases, their management and the direction of their electrical future.
According to one member's calculations, $41 million has been spent, but only $16 million can be accounted for as coming from the co-ops. Where did the rest come from? (SME and Beartooth representatives were invited to the meeting, but didn't attend).
These folks aren't able to track the spending, because just like the problems we are facing in Great Falls, the records are confidential.
As another by-product of this fiasco, homes that are for sale, which are currently being serviced by Beartooth, are not selling.
According to one member's calculations, $41 million has been spent, but only $16 million can be accounted for as coming from the co-ops. Where did the rest come from? (SME and Beartooth representatives were invited to the meeting, but didn't attend).
These folks aren't able to track the spending, because just like the problems we are facing in Great Falls, the records are confidential.
As another by-product of this fiasco, homes that are for sale, which are currently being serviced by Beartooth, are not selling.
One co-op member indicated that more than one Beartooth board member might be open to the idea of selling Beartooth's interest in Highwood.
Stay tuned.
3 comments:
Oh the tangled web they weave to deceive, the scoundrels......
If interest in highwood could be sold, Why is YVEC suing to get their money back?
Why didn't they just sell their share?
Rosenbaum said "we can sell our share tomorrow".
Pyramid schemes rely on a disproportionate majority of losers.
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