stanno

JimmyT,

Thanks for the reply.

So it appears as though if it did get to an Adjudicator he could call it either way.

The votes would have made the difference depending on who they were given to, as some voted for and some voted against, and the proxies would have made majorities. With the lack of a proposed budget and management agreement prior to the AGM, it also would make it difficult for the members to tell their proxies how to vote (just thought I would throw that in as it would be part of my argument about the premeditated position of our SM).

What I plan on doing is at the next EC meeting (this will be the first EC meeting) that the SM attends (do they attend all of them?) we will negotiate terms of the SM agreement, being 3 years (try for 1) and the high costs down as well. Supposedly the SM is open to talking about the agreement (probably because everyone is now against it and they are being cautious so we wont dig into the records – too late) and we voted to get quotes at the EGM (had an EGM after the blow up by owners from the AGM) to which the SM would then look at and consider at the EC meeting.

So if we can negotiate with them prior to pulling out the stat-decs that will be great, but if not we can go down the path of; well actually this whole thing is a sham, heres our evidence, and rather than lose our business for the next 10 months, what you could do is come half way with us as we both know – putting it all on the table – that we were taken advantage of at the first AGM and have evidence to fight it.

Fingers crossed that will be a turning point. I dont particularly care about the costs of the strata (they are a couple of grand higher than our quotes from several others) I just want them talked down to 1 year. If they dont move on the contract date, then I’m pushing my EC to start mediation and take it to an Adjudicator/Court etc.

The problems we have with them and the way this whole thing has panned out at the beginning has everyone off side and we can only imagine how bad it will get in a year or twos time, not to mention the company might even go insolvent (its a new company, suprise suprise).

Any thoughts?