Rally at GGM: Thursday, March 18, 2010 at 7:00pm

We are holding a rally on Thursday, March 18, 2010, at 7:00pm by the Laundry Room to share information regarding the Board of Directors, HUD and the recall process. We will also have a new HUD petition to sign to stop the Board from taking out any new loans without the approval of shareholders. Be sure to visit our new website for regular updates and information.

As shareholders know, the March 4, 2010 recall meeting was canceled by the attorney for Garden Grove Manor because the Board of Directors failed to fulfill their duties and tried to hold a recall election in violation of the GGM by-laws and California law. The Board delivered ballots the night before the meeting to selected shareholders only and tried to prevent 33 of 76 shareholders from voting in the recall election under false pretenses. On-Site Manager Dyan Gibbs sent those 33 shareholders a misleading letter claiming that they could not vote in the recall election because copies of their stock certificates were missing from the office files. There is absolutely nothing in the GGM by-laws that prevents shareholders from voting in any GGM election due to missing copies of their stock certificates. All shareholders in good standing are allowed to vote and “good standing” has always been defined as shareholders who are current in their carrying charges.

Shareholders have their own attorney and he is helping those who signed the petition to recall the Board and who received the misleading letter from Dyan. Our attorney shared information about what the Board has been doing with the GGM attorney, which stopped the Board from holding the phony recall meeting. Our attorney continues to work for us to protect the rights of GGM members and preserve the integrity of the recall election process, as well as to hold the Board of Directors accountable to shareholders for their improper actions or lack of appropriate action. He is also communicating the concerns of shareholders directly to the GGM attorney.

At this time we are compiling a list of all shareholders who received the letter from Dyan Gibbs. The list will be shared with the GGM attorney. If you received the letter about missing stock certificates, please sign the list at the March 18th rally and keep your letter in a safe place for future reference. We look forward to seeing you at the rally! If you can’t make it to the rally, see Darlene about the stock certificate letter and petition (10692 #7).