Previous month:
November 2012
Next month:
April 2013

January 2013

Teamwork

If anyone has the time and resources and wants to help research and gather evidence to help the lawsuit here are areas of interest we are currently working on:

Hammerstone Corp. Acquires Voting Rights on Whitemud Resources Debentures

Brookfield Special Situations Partners Ltd. Acquires 891,843 Common Shares of Insignia Energy

Brookfield/Timerlands/Pattison/Canfor/Western Forest Products

General Growth Properties

Atlantis Resort

What is helpful?

Just think Who, What, When, Where, Why, How. For instance:

Who are the main players, who are the decision makers?

What is at stake, what are the assets, value?

When did it start, when did it change?

Where are the players, assets, money located?

Why did events, contracts, connections, deals happen? Why did it change?

How did it happen – the sequence of events? How are they related? How much money?

When in doubt – follow the money!

If you are considering investing your time, energy, and resources to help shareholders, contact us through birchmountain@hushmail.com to discuss the areas of interest and where to submit your findings. Please DO NOT send evidence to that email.


2 Deaths in 9 Months at the Hammerstone Quarry

Our sincerest condolences

to the families.

 

Do the deaths call into question the ability of Brookfield to effectively manage a limestone quarry safely?  http://www.hammerstonecorp.com/our-commitment/health-safety

December 2012: "A 32-year-old man was killed in a workplace accident at a limestone quarry 75 kilometers north of Fort McMurray, the second fatality to occur at the location in nine months." Source: http://www.fortmcmurraytoday.com/2012/12/10/man-killed-in-quarry-accident

April 2012:  “A 29-year-old man has been killed while working at a gravel quarry north of Fort McMurray, Alberta. ‘We are not providing any details in terms of the accident, but I can confirm that it did happen at our Hammerstone site,’ said Terry Owens, president of Hammerstone Corporation.” Source: http://www.journalofcommerce.com/article/id49969/--worker-killed-at-gravel-quarry-north-of-fort-mcmurray-alberta

Terry Owen is the CEO of Hammerstone.  According to the Norton Rose web site (formerly MacLeod Dixon), Terry Owen is a lawyer who practiced corporate and securities law.  Does Brookfield recognize this as adequate qualifications to run a quarry? Just how did Mr. Owen get the top job at Hammerstone? 

Background:  "Terry began his career with Macleod Dixon in 1985 and became a partner of the firm in 1993. While at the firm, Terry practised corporate and securities law.  He joined Hammerstone in 2009 as chairman, president and chief executive officer.   Hammerstone was formed to purchase an active limestone mining operation in the Athabasca oil sands area of Alberta with over 1 billion tonnes of limestone reserves. Future plans include expanded quarry operations together with lime production facilities." Source:http://www.nortonrose.com/people/58512/Terry-Owen

Brookfield, through its subsidiary Tricap, “acquired” (through receivership) Birch Mountain’s quarry assets valued at $1.6B for an outlay of less than $50M…tragically leaving Birch stakeholders with nothing. 

Before Hammerstone, Mr. Owen was the President of Trimac Transportation Services Inc., the leading provider of bulk trucking and logistics services in North America. Source: http://www.brookfield.com/content/2009_press_releases/tricap_announces_launch_of_hammerstone_corporation-28695.html

Coincidentally, Trimac  was awarded a contract to haul a “significant volume of limestone aggregate on behalf of Hammerstone Corporation.”  Source: http://www.prnewswire.com/news-releases/trimac-announces-new-business-award-with-hammerstone-corporation-155976835.html

What can we garner from this information? Just what sort of expertise does Brookfield have other than a plethora of securities and receivership lawyers to run the assets they are gobbling up? Just how does a securities lawyer get the top job at Hammerstone?

 

 


BHMNF trading on the PinkOTC

We just want to clarify that any shares purchased OUTSIDE of the class period (1 April 2005 through 5 November 2008) are not eligible to be included in any recovery as a part of the class action lawsuit should there be one.

Why and how the BHMNF shares are trading is a mystery considering BHMNF is a shell company. Perhaps the market makers need some lunch money so they are trading between themselves. Money only makes a profit when it is moving.

Here are a list of the market makers for BHMNF as per Issuer Services from the PinkOTC as of February 2010.

Name

Location

 

Natixis Bleichroeder, Inc

New York, NY

 

Automated Trading Desk Fincl Svcs

Mt. Pleasant, SC

 

Domestic Securities, Inc.

Edison, NJ

 

E*Trade Capital Markets, LLC

Chicago, IL

 

Hudson Securities, Inc

OTC Trading - Jersey City , NJ

 

LaBranche Financial Services, Inc.

Trading Dept. NY

 

Maxim Group LLC

Red Bank, NJ

 

Knight Equity Markets, LP

Jersey City, NJ