Joseph Stilwell seems to control Google and seems to be able to move around the Constitutional Rights and the right to Free Speech. Why is Joseph Stilwell so powerful that the First Amendment does not seem to apply to What Big Bully Joe Stilwell Wants ?
Here is a Bit of Joseph Stilwell Information I Found Online.
Stilwell Value Partners, Stilwell Value Partners, Joseph Stilwell, Joseph Stilwell Group, Joseph Stilwell, Stillwell Parters LP, Stilwell Partners, Stilwell Group,
Stilwell Value Partners, Stilwell Value Partners, Joseph Stilwell, Joseph Stilwell Group, Joseph Stilwell, Stillwell Parters LP, Stilwell Partners, Stilwell Group,
Stilwell Value Partners, Stilwell Value Partners, Joseph Stilwell, Joseph Stilwell Group, Joseph Stilwell, Stillwell Parters LP, Stilwell Partners, Stilwell Group,
Stilwell Value Partners, Stilwell Value Partners, Joseph Stilwell, Joseph Stilwell Group, Joseph Stilwell, Stillwell Parters LP, Stilwell Partners, Stilwell Group,
Got a Tip Regarding Joe Stilwell?
Email me at SavvyBroker@Yahoo.com
Tuesday, June 19, 2012
Joseph Stilwell Investor. Joseph Stilwell First Savings Bank Northwest. Joseph Stilwell Value Partners. Joseph Stilwell Kingsway Financial Services. KFS:Toronto. Joseph Stilwell Hostile Take Over. Joseph Stilwell Proxy Battle. Joseph D. Stilwell Bank Take Over. Stilwell Value LLC. Stilwell Group. SCPIE Holdings Inc. American Physicians Capital, Inc. Joseph Stilwell Investments.
Black Cap Solar Project's Pacificorp Hit with Major Judgement. Looks like Pacificorp is in business with the Right Company in Oregon, Obsidian Finance Group. As it seems that Kevin Padrick is just as dirty as Pacificorp. Using other people's life's work to make millions on top of millions. The Black Cap Project, I believe was built from Tax Pay Money and handouts and the RICH get Richer and Sue you if you TELL on them. PacifiCorp (PPWLM). PacifiCorp Stock Quote.
Can you hardly wait til Pacificorp is SUED for hundreds of millions more over the Black Cap Project, when, down the road all the dirty deals, trade secrets, handshakes, and well I guess we will wait and see just who SUES Pacificorp next.
"SALT LAKE CITY (AP) A federal jury found PacifiCorp poached the unique design for a power plant and awarded a Texas bidder $134 million in damages.
Dallas-based USA Power Partners Ltd. says the utility copied its blueprints, called off bidding and did the construction itself.
The Salt Lake Tribune reports (http://bit.ly/LdxnVS ) that PacifiCorp plans to appeal Monday's verdict in U.S. District Court of Salt Lake City.
The Currant Creek power plant near Mona has a unique design that makes use of hot exhaust gases from a combustion turbine to produce steam that turns a second generator.
PacifiCorp built its plant a mile from where USA Power subsidiary Spring Canyon Energy says it obtained land and water rights for a power plant.
Spring Canyon Energy sued for theft of trade secrets and breach of contract.
___
Information from: The Salt Lake Tribune, http://www.sltrib.com"
Source of PacifiCorp Black Cap Project Post
http://www.krgv.com/news/pacificorp-hit-with-134-million-judgment
I believe that this HIT is costing the State of Oregon, as the Hand Outs in Oregon Land, Tax Breaks, Tax Credits and more deals surrounding Obsidian Finance Group and their many Solar Companies are what created the Black Cap Solar Project that Pacificorp has wattage contracts on for really big money and for many years into the future.
PacifiCorp seems to have stolen a valuable technology. Wonder if Tonkon Torp was in on any of this? Got a tip about the details of this story? Email me at SavvyBroker@Yahoo.com
Kevin D. Padrick is an Evil Snake, in my Opinion. Preying on victims in financial crisis and bullying companies and individuals into doing as he wishes so that he and Obsidian Finance Group can make Billions. The Lake County Solar Farms, as far as I see it are Government handouts to Millions like Kevin Padrick and David Brown of Obsidian Finance Group. The land was free or cheap, wasn't it? The solar tax credits were the assets to get loans on to build more and in the end the clients, customers of Pacificorp pay the price for all this high finance magic that used your tax dollars to make massive money for Obsidian Finance Group, Kevin Padrick, David Brown through deals with Pacificorp. And this legal battle is most likely just the beginning of perpetual litigation now that Pacificorp is in bed with Kevin D. Padrick and Obsidian Finance Group.
I believe that Kevin Padrick is the king of stealing trade secrets and putting companies and individuals to ruin, and Tonkon Torp's David Aman helps him to do it. Just what I believe, in my opinion. Obviously you will want to READ and do your own due diligence.
Got a Tip?
SavvyBroker@Yahoo.com
MidAmerican : Pacific Power : Rocky Mountain Power
PacifiCorp (PPWLM)
Stock quote for PacifiCorp (PPW^)
If I had PacifiCorp stocks, I would be Paying Attention to deals with Obsidian Finance Group. Do your homework on this company, it is not about one blogger. Read the Facts for yourself. Find out just who Kevin D. Padrick really is.
PacifiCorp Chairman and CEO: Gregory E. Abel PacifiCorp Energy President and CEO: Micheal Dunn Pacific Power President and CEO: R. Patrick Reiten
"SALT LAKE CITY (AP) A federal jury found PacifiCorp poached the unique design for a power plant and awarded a Texas bidder $134 million in damages.
Dallas-based USA Power Partners Ltd. says the utility copied its blueprints, called off bidding and did the construction itself.
The Salt Lake Tribune reports (http://bit.ly/LdxnVS ) that PacifiCorp plans to appeal Monday's verdict in U.S. District Court of Salt Lake City.
The Currant Creek power plant near Mona has a unique design that makes use of hot exhaust gases from a combustion turbine to produce steam that turns a second generator.
PacifiCorp built its plant a mile from where USA Power subsidiary Spring Canyon Energy says it obtained land and water rights for a power plant.
Spring Canyon Energy sued for theft of trade secrets and breach of contract.
___
Information from: The Salt Lake Tribune, http://www.sltrib.com"
Source of PacifiCorp Black Cap Project Post
http://www.krgv.com/news/pacificorp-hit-with-134-million-judgment
I believe that this HIT is costing the State of Oregon, as the Hand Outs in Oregon Land, Tax Breaks, Tax Credits and more deals surrounding Obsidian Finance Group and their many Solar Companies are what created the Black Cap Solar Project that Pacificorp has wattage contracts on for really big money and for many years into the future.
PacifiCorp seems to have stolen a valuable technology. Wonder if Tonkon Torp was in on any of this? Got a tip about the details of this story? Email me at SavvyBroker@Yahoo.com
Kevin D. Padrick is an Evil Snake, in my Opinion. Preying on victims in financial crisis and bullying companies and individuals into doing as he wishes so that he and Obsidian Finance Group can make Billions. The Lake County Solar Farms, as far as I see it are Government handouts to Millions like Kevin Padrick and David Brown of Obsidian Finance Group. The land was free or cheap, wasn't it? The solar tax credits were the assets to get loans on to build more and in the end the clients, customers of Pacificorp pay the price for all this high finance magic that used your tax dollars to make massive money for Obsidian Finance Group, Kevin Padrick, David Brown through deals with Pacificorp. And this legal battle is most likely just the beginning of perpetual litigation now that Pacificorp is in bed with Kevin D. Padrick and Obsidian Finance Group.
I believe that Kevin Padrick is the king of stealing trade secrets and putting companies and individuals to ruin, and Tonkon Torp's David Aman helps him to do it. Just what I believe, in my opinion. Obviously you will want to READ and do your own due diligence.
Got a Tip?
SavvyBroker@Yahoo.com
MidAmerican : Pacific Power : Rocky Mountain Power
PacifiCorp (PPWLM)
Stock quote for PacifiCorp (PPW^)
If I had PacifiCorp stocks, I would be Paying Attention to deals with Obsidian Finance Group. Do your homework on this company, it is not about one blogger. Read the Facts for yourself. Find out just who Kevin D. Padrick really is.
PacifiCorp Chairman and CEO: Gregory E. Abel PacifiCorp Energy President and CEO: Micheal Dunn Pacific Power President and CEO: R. Patrick Reiten
Monday, June 11, 2012
Tina Jacobson, chair of the 71-member Kootenai Republican County Central Committee. Tina Jacobson sues a commenter and attempt to squash Free Speech Rights for ALL.
Tina Jacobson, chair of the 71-member Kootenai Republican County Central Committee wants to sue a commenter on a newspaper website and xxx is trying to force the newspaper, the Idaho Spokesman-Review, to turn over the commenter’s information? Really?
What is Tina Jacobson, Kootenai Republican County Central Committee thinking? There is massive national coverage of this issue of anonymous commenting and Free Speech, suing was NOT the way to make this go away.
Surely Tina Jacobson, Kootenai Republican County Central Committee knows that she is a Public Figure being a "Republican Party Official". Surely Tina Jacobson, Kootenai Republican County Central Committee knows of Anti-Slapp Laws, and of the Constitutional Right to Free Speech.
Has Tina Jacobson, Kootenai Republican County Central Committee heard of the "Streisand Effect"? Well Tina Jacobson, Kootenai Republican County Central Committee surely has now. For now the Tina Jacobson, Kootenai Republican County Central Committee alleged money in her blouse sage is GLOBAL.
So what is Tina Jacobson, Kootenai Republican County Central Committee so darn upset about being exposed?
Tina Jacobson, Kootenai Republican County Central Committee has damaged her own reputation by not simply letting a silly comment go. And trying to suppress the Free Speech rights of ALL.
Is a Kootenai Republican County Central Committee chair a Public Figure? Does Tina Jacobson of the Kootenai Republican County Central Committee respect the constitution of the United States of America? Does Tina Jacobson, Kootenai Republican County Central Committee know about actual malice or any laws really that apply to the RIGHTS of this commenter?
If Tina Jacobson, Kootenai Republican County Central Committee is not hiding money in her blouse, then why is Tina Jacobson, Kootenai Republican County Central Committee so darn upset about this comment? I mean come on Tina Jacobson, Kootenai Republican County Central Committee, it's funny, its political commentary, it's Free Speech.
Look at this jackass quote "“You can’t call someone a thief and expect to get away with it,” said C. Matthew Andersen, the aggrieved Republican chair’s counsel, according to the Spokesman-Review." Really? Ummm.. are you sure about that? What if they are a public figure and you are just speculating where the money is, I mean come on, the money being in her blouse does not mean she stole it. C. Matthew Andersen is probably going to use up a lot more then that $10,000 on this lame lawsuit wasting the courts time.
A Bit from the C. Matthew Andersen / Tina Jacobson, Kootenai Republican County Central Committee Defamation Article I am Quoting..
"Although the post didn’t have anything to do with the issue in particular, “Almostinnocentbystander” questioned whether $10,000 that was allegedly missing from the Kootenai County Republican Central Committee could be “stuffed inside Tina’s blouse,” as the Spokesman-Review recalled the statements.
The original blog and the comments have since been deleted, and the Spokesman-Review noted that it had banned the commenter, who sent an apology note: “I apologize for and retract my derogatory and unsubstantiated commentary regarding Tina Jacobson.”
But in order to actually press the claim, she needs the commenter’s identity, as well as those of two others who posted replies to the original comment, which Jacobson’s attorney argued were witnesses to the alleged defamation."
...
"As the newspaper’s attorney Duane Swinton countered, as quoted The Associated Press: “We’re here for the rights of people to speak anonymously on the Internet…We’re here as an advocate for First Amendment rights.”
Source of Tina Jacobson, Kootenai Republican County Central Committee Post Quotes and full article regarding Tina Jacobson Butthurt and Suing an anonymous commenter.
http://idealab.talkingpointsmemo.com/2012/06/idaho-anonymous-commenter-lawsuit-latest-in-online-free-speech-war.php
We have a constitutional right to question the actions of folks such as Tina Jacobson of the Kootenai Republican County Central Committee.
Tina Jacobson, Kootenai Republican County Central Committee Article Links for Research
http://www.spokesman.com/blogs/hbo/tags/tina-jacobson/
http://www.spokesman.com/blogs/hbo/2012/may/31/roundup-sr-subpoena-date-nears/
http://www.spokesman.com/blogs/hbo/2012/may/01/seattle-weekly-follows-jacobson-suit/
http://www.usnews.com/news/technology/articles/2012/06/01/judge-considers-idaho-anonymous-comments-lawsuit?s_cid=related-links:TOP
http://m.cdapress
What is Tina Jacobson, Kootenai Republican County Central Committee thinking? There is massive national coverage of this issue of anonymous commenting and Free Speech, suing was NOT the way to make this go away.
Surely Tina Jacobson, Kootenai Republican County Central Committee knows that she is a Public Figure being a "Republican Party Official". Surely Tina Jacobson, Kootenai Republican County Central Committee knows of Anti-Slapp Laws, and of the Constitutional Right to Free Speech.
Has Tina Jacobson, Kootenai Republican County Central Committee heard of the "Streisand Effect"? Well Tina Jacobson, Kootenai Republican County Central Committee surely has now. For now the Tina Jacobson, Kootenai Republican County Central Committee alleged money in her blouse sage is GLOBAL.
So what is Tina Jacobson, Kootenai Republican County Central Committee so darn upset about being exposed?
Tina Jacobson, Kootenai Republican County Central Committee has damaged her own reputation by not simply letting a silly comment go. And trying to suppress the Free Speech rights of ALL.
Is a Kootenai Republican County Central Committee chair a Public Figure? Does Tina Jacobson of the Kootenai Republican County Central Committee respect the constitution of the United States of America? Does Tina Jacobson, Kootenai Republican County Central Committee know about actual malice or any laws really that apply to the RIGHTS of this commenter?
If Tina Jacobson, Kootenai Republican County Central Committee is not hiding money in her blouse, then why is Tina Jacobson, Kootenai Republican County Central Committee so darn upset about this comment? I mean come on Tina Jacobson, Kootenai Republican County Central Committee, it's funny, its political commentary, it's Free Speech.
Look at this jackass quote "“You can’t call someone a thief and expect to get away with it,” said C. Matthew Andersen, the aggrieved Republican chair’s counsel, according to the Spokesman-Review." Really? Ummm.. are you sure about that? What if they are a public figure and you are just speculating where the money is, I mean come on, the money being in her blouse does not mean she stole it. C. Matthew Andersen is probably going to use up a lot more then that $10,000 on this lame lawsuit wasting the courts time.
A Bit from the C. Matthew Andersen / Tina Jacobson, Kootenai Republican County Central Committee Defamation Article I am Quoting..
"Although the post didn’t have anything to do with the issue in particular, “Almostinnocentbystander” questioned whether $10,000 that was allegedly missing from the Kootenai County Republican Central Committee could be “stuffed inside Tina’s blouse,” as the Spokesman-Review recalled the statements.
The original blog and the comments have since been deleted, and the Spokesman-Review noted that it had banned the commenter, who sent an apology note: “I apologize for and retract my derogatory and unsubstantiated commentary regarding Tina Jacobson.”
But in order to actually press the claim, she needs the commenter’s identity, as well as those of two others who posted replies to the original comment, which Jacobson’s attorney argued were witnesses to the alleged defamation."
...
"As the newspaper’s attorney Duane Swinton countered, as quoted The Associated Press: “We’re here for the rights of people to speak anonymously on the Internet…We’re here as an advocate for First Amendment rights.”
The judge’s ruling on whether or not to quash Jacobson’s subpoena against the newspaper is expected soon. But the case has taken on national significance as the latest test of the limits of anonymous speech in the electronic age.
“As far back as 1784, Thomas Jefferson wrote anonymous letters published in various newspapers,” wrote attorney Brian D. Spitz from Ohio, in an email to TPM. He continued:
“John Adams, Ben Franklin, both repeatedly had anonymous letters published in newspapers. Anonymous publications have always been a strong foundation for the open exchange of ideas in the United States. I think that publications that want more interaction with their end-users will continue to allow anonymity. But, that anonymity is not a license to post unlawful comments without any possible legal consequence. Back then, if our founders’ identities were revealed, they would have been hung. Now, posters are only sued.
Spitz has more experience than most when it comes to navigating the uncharted legal waters of anonymous online commentary. He represented Shirley Strickland Saffold, an Ohio judge who sued The Cleveland Plain Dealer for $50 million back in April 2010 after an editor with the paper disclosed that an email address she used was attached to an online pseudonym that made comments questioning the mental health of a relative of a newspaper reporter, as well as opined on Saffold’s own case."
Source of Tina Jacobson, Kootenai Republican County Central Committee Post Quotes and full article regarding Tina Jacobson Butthurt and Suing an anonymous commenter.
http://idealab.talkingpointsmemo.com/2012/06/idaho-anonymous-commenter-lawsuit-latest-in-online-free-speech-war.php
We have a constitutional right to question the actions of folks such as Tina Jacobson of the Kootenai Republican County Central Committee.
Tina Jacobson, Kootenai Republican County Central Committee Article Links for Research
http://www.spokesman.com/blogs/hbo/tags/tina-jacobson/
http://www.spokesman.com/blogs/hbo/2012/may/31/roundup-sr-subpoena-date-nears/
http://www.spokesman.com/blogs/hbo/2012/may/01/seattle-weekly-follows-jacobson-suit/
http://www.usnews.com/news/technology/articles/2012/06/01/judge-considers-idaho-anonymous-comments-lawsuit?s_cid=related-links:TOP
http://m.cdapress
Sunday, June 10, 2012
Crystal L. Cox Investigative Blogger - For Hire. Crystal Cox Blogger for Hire to Turn up Discovery, Dig Deep into Finding what You want to Know .. Email Hire Crystal L. Cox Investigative Blogger NOW. Crystal Cox Search Engine Reputation Management Services.
Crystal L. Cox Investigative Blogger and Search Engine Reputation Manager
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Need the Worlds BEST Investigative Blogger ? Hire Crystal L. Cox Investigative Blogger - Internet Investigations, Deep Research, Turn up Discover for Lawsuits, make connections between parties, locate people concerned of the issue and lots more.
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Crystal L. Cox Investigative Blogger is the world's best Independent Search Engine Reputation Management Specialist. Email SavvyBroker@Yahoo.com - to Hire Crystal L. Cox as your Personal Search Engine Reputation Manager.
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(406) 624-9510 - Crystal L. Cox
Friday, June 1, 2012
Joseph Stilwell, Robert Klein, Sharon Gans Research Links. Joseph Stilwell Investor. Joseph Stilwell and First Financial. Joseph Stillwell Takeover Expert. Stilwell Value Partners. Stilwell Partners LLC. Joseph Stilwell
Joseph Stilwell Research, Blog Links and Resources
Joe Stilwell - Joseph Stilwell
http://joestilwell.blogspot.com/
Joseph Stilwell - Hostile Takeover Expert
http://josephstilwelltakeover.blogspot.com/
Joseph Stilwell - Joe Stilwell
http://josephstilwell.blogspot.com/
Joe Stilwell - Joseph Stilwell
http://joestilwell.blogspot.com/
Joseph Stilwell - Hostile Takeover Expert
http://josephstilwelltakeover.blogspot.com/
Joseph Stilwell - Joe Stilwell
http://josephstilwell.blogspot.com/
Joseph Stilwell, Robert Klein, Sharon Gans
Joseph Stilwell Investor, Information
Joseph Stilwell - Millionaire Right Wing Supporter
Joseph Stillwell Takeover Expert...
Stilwell Value Partners
Sharon Gans - Joseph Stilwell
Stilwell Partners LLC - "Introducing the REAL Joe Stilwell"
Joseph Stilwell and Harvard Illinois
"Wikipedia - Joseph Stilwell, Activist Investor"
Thursday, May 31, 2012
"Kevin Padrick, Joseph Stilwell and Oregon Trail Financial Corp." Kevin D. Padrick - Joseph Stilwell.
"What is it like when you are a Joseph Stilwell wannabe?
Kevin Padrick at Obsidian Finance hitched a ride with Joseph Stilwell and his group of proxy prize fighters lat in 2000 against a small, unsuspecting, bank in Baker, OR. Oregon Trail Financial Corp, known commercially as Pioneer Bank, was blindsided by Joseph Stilwell. Stilwell blew in and stated that “management was not maximizing shareholder value and proposed that Oregon Trail voluntarily place its nominees on the board of directors”. One of those nominees would be Kevin Padrick. Kevin Padrick seems to sneak himself in places where he sees DOLLAR SIGNS like the very cash rich Summit 1031 bankruptcy – $13.6 Million in cash, $10 Million Bond, $3 Million in E&O, approx $11.8 Million in real property and business assets. See all the DOLLAR SIGNS. It is my opinion Kevin Padrick start drooling when he sees he can get his hands on other people’s money. Anyway….
Oregon Trail rejected the proposal and the fight was on. And did it ever get nasty!! Stilwell announced its intention to solicit proxies to elect an alternate nominee. They needed someone from Oregon (residency requirements for all board members). All he needed was the shareholder list but Oregon Trail said “NO WAY!” Stilwell sued and convinced the court to make Oregon Trail turn its shareholder listing over plus pay for $10,000 of Stilwell’s legal expenses. What the heck? Is this a case of Pit Bull Magic?
The Stilwell group also filed lawsuits against two of the Oregon Trail directors – Chuck Rouse and Ed Elms. The charges: ONE was charged with violating the Oregon Trail’s residency requirements which the OTHER was charged with perjury based on his testimony in the first lawsuit. BOTH CASES WERE DISMISSED pretrial but legal defense of the directors cost the bank $200K. But never say die, Stilwell filed an appeal on one suit and re-filed the other suit in state court. Elms and Rouse sued back. Both sides requested injunctive relief from the courts.
US Magistrate Judge John Jelderks denied both requests. However, he stated that Oregon Trail would probably succeed on its claim at trial (violation of the anit-fraud proxy regulation). He also said that there was a strong possibility that the allegations against Rouse and Elms were not well founded. And finally, that there was a strong probability that Oregon Trail could show Stilwell’s conduct was part of a calculated attack upon the integrity of the incumbent directors and management. Whew…sounds like dirty pool, but that doesn’t stop a guy like Stilwell or his study – Kevin Padrick.
Stilwell used proxies to force the election of Kevin Padrick to the Oregon Trail board. This seems to be Kevin Padrick’s style – Go around and force whatever you want on unsuspecting victims. Why did Kevin Padrick play along with this attack on Oregon Trail? Stilwell gave Padrick 20,000 shares of stock options for his willingness to run for a seat on the board. Ahhh – there had to be DOLLAR SIGNS somewhere.
Per the La Grande Observer, Padrick said he intended to ask probing questions during board meetings, but said he wasn’t elected to the board to shake things up. Seems to me the words coming out of Padrick’s mouth never match his actions. Wonder what he told the Summit 1031 Creditors’ Committee. Do his actions in the case, match what he told them? Don’t know yet, but will sure find out.
So Kevin Padrick packed his lunchbox and flew to each Board meeting for the next 16 months. By March 12, 2002, Stilwell entered into a standstill agreement with Oregon Trail. Among other things, Oregon Trail agreed to drop all lawsuits and Stilwell even got Oregon Trail to pay for his expenses incurred in the proxy fight. Where do these guys learn this stuff? They teach this at law school? There was also an agreement to keep one Board position filled with a Stilwell “lieutenant” for 5 Years.
On statements filed with the SEC, Stilwell’s goal in these proxy fights is always “to profit from the appreciation in the market price of the shares of Common Stock and through the payments of dividends by asserting shareholder rights“. Seems to me that Stilwell’s goal was to force a sale of the bank from the beginning because that is exactly what happened. In February 2003, Oregon Trail announced the sale of the bank to FirstBank NW Corporation of Lewiston, Idaho. The sale price was $22/share and it was completed by November 2003.
Padrick took his share of the sale soon after the announcement. Per Kevin Padrick’s filing with the SEC, his option price was $14.05/share. He exercised his options on 3/10/03 and immediately sold them for $23.05/share. So he netted $180,000 in a little over a year. Not too bad for experience building!
Kevin Padrick could just hang onto Stilwell’s coattails and make a wad of money!! But that wasn’t to be.
A review of SEC filings indicate that Stilwell pretty much dumped Padrick for his future proxy contests. He nearly pulled him in on the Board of American Physicians Capital, Inc. in 2002, but that never happened. All in all, it appears that Stilwell triggered proxy squabbles in 16 other publicly traded companies, but left Kevin Padrick in the dust.
Since Kevin Padrick could not ride that gravy train, he tried to do his own profit ventures. You saw what happened with Longview Fibre in 2006. Padrick and Obsidian Finance weren’t quite able to seal that deal, but what the heck – it was their first try. Give them a chance, they were on a learning curve.
Luckily, Kevin Padrick ran into the naive and trusting Summit principals in late 2008. They needed help. They were told Kevin Padrick and Obsidian Finance could help. Yeah, Kevin Padrick and Obsidian Finance helped shove them off a cliff! They sold themselves to the Summit Principals, they took their money, they took their priviledge information, they went to the other side with that money and they got themselves a more lucrative job. They also know there is no Ponzi Scheme and No Embezzlement, but that won’t stop them from using the Media to make a play for it. It won’t be an $850 Million they looked to get from the flip ofthe Longview Fibre shares, but the Summit 1031 deal is easy pickings. The money is just sitting there and there doesn’t appear to be anyone at the wheel for the Creditors!!!
With now one watching out for the 1031 exchangers, what do you think Kevin Padrick & Obsidian Finance will do? I think there may have been some dealing and wheeling on this case too. In Obsidian’s billings detail, I found early conversations with Steve Hedburg of Perkins Coie. I wonder what was said at these meetings. Who knows, but shortly after Perkins Coie was pushing to replace Terry Vance CRO (person in charge of liquidating) with Kevin Padrick. Sounds familiar doesn’t it?
Next POST – WHO IS Protecting Summit 1031 Exchanger Monies??? Who is representing the BEST Interests of the Summit 1031 Exchangers??? Can you figure this one out?"
Source of Above Kevin Padrick, Joseph Stilwell and Oregon Trail Financial Post
http://www.summit1031bkjustice.com/?page_id=1845
Kevin Padrick at Obsidian Finance hitched a ride with Joseph Stilwell and his group of proxy prize fighters lat in 2000 against a small, unsuspecting, bank in Baker, OR. Oregon Trail Financial Corp, known commercially as Pioneer Bank, was blindsided by Joseph Stilwell. Stilwell blew in and stated that “management was not maximizing shareholder value and proposed that Oregon Trail voluntarily place its nominees on the board of directors”. One of those nominees would be Kevin Padrick. Kevin Padrick seems to sneak himself in places where he sees DOLLAR SIGNS like the very cash rich Summit 1031 bankruptcy – $13.6 Million in cash, $10 Million Bond, $3 Million in E&O, approx $11.8 Million in real property and business assets. See all the DOLLAR SIGNS. It is my opinion Kevin Padrick start drooling when he sees he can get his hands on other people’s money. Anyway….
Oregon Trail rejected the proposal and the fight was on. And did it ever get nasty!! Stilwell announced its intention to solicit proxies to elect an alternate nominee. They needed someone from Oregon (residency requirements for all board members). All he needed was the shareholder list but Oregon Trail said “NO WAY!” Stilwell sued and convinced the court to make Oregon Trail turn its shareholder listing over plus pay for $10,000 of Stilwell’s legal expenses. What the heck? Is this a case of Pit Bull Magic?
The Stilwell group also filed lawsuits against two of the Oregon Trail directors – Chuck Rouse and Ed Elms. The charges: ONE was charged with violating the Oregon Trail’s residency requirements which the OTHER was charged with perjury based on his testimony in the first lawsuit. BOTH CASES WERE DISMISSED pretrial but legal defense of the directors cost the bank $200K. But never say die, Stilwell filed an appeal on one suit and re-filed the other suit in state court. Elms and Rouse sued back. Both sides requested injunctive relief from the courts.
US Magistrate Judge John Jelderks denied both requests. However, he stated that Oregon Trail would probably succeed on its claim at trial (violation of the anit-fraud proxy regulation). He also said that there was a strong possibility that the allegations against Rouse and Elms were not well founded. And finally, that there was a strong probability that Oregon Trail could show Stilwell’s conduct was part of a calculated attack upon the integrity of the incumbent directors and management. Whew…sounds like dirty pool, but that doesn’t stop a guy like Stilwell or his study – Kevin Padrick.
Stilwell used proxies to force the election of Kevin Padrick to the Oregon Trail board. This seems to be Kevin Padrick’s style – Go around and force whatever you want on unsuspecting victims. Why did Kevin Padrick play along with this attack on Oregon Trail? Stilwell gave Padrick 20,000 shares of stock options for his willingness to run for a seat on the board. Ahhh – there had to be DOLLAR SIGNS somewhere.
Per the La Grande Observer, Padrick said he intended to ask probing questions during board meetings, but said he wasn’t elected to the board to shake things up. Seems to me the words coming out of Padrick’s mouth never match his actions. Wonder what he told the Summit 1031 Creditors’ Committee. Do his actions in the case, match what he told them? Don’t know yet, but will sure find out.
So Kevin Padrick packed his lunchbox and flew to each Board meeting for the next 16 months. By March 12, 2002, Stilwell entered into a standstill agreement with Oregon Trail. Among other things, Oregon Trail agreed to drop all lawsuits and Stilwell even got Oregon Trail to pay for his expenses incurred in the proxy fight. Where do these guys learn this stuff? They teach this at law school? There was also an agreement to keep one Board position filled with a Stilwell “lieutenant” for 5 Years.
On statements filed with the SEC, Stilwell’s goal in these proxy fights is always “to profit from the appreciation in the market price of the shares of Common Stock and through the payments of dividends by asserting shareholder rights“. Seems to me that Stilwell’s goal was to force a sale of the bank from the beginning because that is exactly what happened. In February 2003, Oregon Trail announced the sale of the bank to FirstBank NW Corporation of Lewiston, Idaho. The sale price was $22/share and it was completed by November 2003.
Padrick took his share of the sale soon after the announcement. Per Kevin Padrick’s filing with the SEC, his option price was $14.05/share. He exercised his options on 3/10/03 and immediately sold them for $23.05/share. So he netted $180,000 in a little over a year. Not too bad for experience building!
Kevin Padrick could just hang onto Stilwell’s coattails and make a wad of money!! But that wasn’t to be.
A review of SEC filings indicate that Stilwell pretty much dumped Padrick for his future proxy contests. He nearly pulled him in on the Board of American Physicians Capital, Inc. in 2002, but that never happened. All in all, it appears that Stilwell triggered proxy squabbles in 16 other publicly traded companies, but left Kevin Padrick in the dust.
Since Kevin Padrick could not ride that gravy train, he tried to do his own profit ventures. You saw what happened with Longview Fibre in 2006. Padrick and Obsidian Finance weren’t quite able to seal that deal, but what the heck – it was their first try. Give them a chance, they were on a learning curve.
Luckily, Kevin Padrick ran into the naive and trusting Summit principals in late 2008. They needed help. They were told Kevin Padrick and Obsidian Finance could help. Yeah, Kevin Padrick and Obsidian Finance helped shove them off a cliff! They sold themselves to the Summit Principals, they took their money, they took their priviledge information, they went to the other side with that money and they got themselves a more lucrative job. They also know there is no Ponzi Scheme and No Embezzlement, but that won’t stop them from using the Media to make a play for it. It won’t be an $850 Million they looked to get from the flip ofthe Longview Fibre shares, but the Summit 1031 deal is easy pickings. The money is just sitting there and there doesn’t appear to be anyone at the wheel for the Creditors!!!
With now one watching out for the 1031 exchangers, what do you think Kevin Padrick & Obsidian Finance will do? I think there may have been some dealing and wheeling on this case too. In Obsidian’s billings detail, I found early conversations with Steve Hedburg of Perkins Coie. I wonder what was said at these meetings. Who knows, but shortly after Perkins Coie was pushing to replace Terry Vance CRO (person in charge of liquidating) with Kevin Padrick. Sounds familiar doesn’t it?
Next POST – WHO IS Protecting Summit 1031 Exchanger Monies??? Who is representing the BEST Interests of the Summit 1031 Exchangers??? Can you figure this one out?"
Source of Above Kevin Padrick, Joseph Stilwell and Oregon Trail Financial Post
http://www.summit1031bkjustice.com/?page_id=1845
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