Superintendent

Board of Directors made a strange statements in their announcement on October 25th. We discussed it in our blog the same day and wrote:  

"BOD even hints that possible litigation is coming. Are they set to fire one or more employees?" 

Well, our prediction, unfortunately, turned out to be true. 

On October 30th, the Board of Directors announced they have fired the Co-op's superintendent Bobby. 

We strongly believe this action will cause an expensive litigation that all of us in the Co-op will eventually pay for.

The reason for the Board of Directors to fire Bobby was not disclosed. 

Shareholders should demand the Board of Directors to explain their decision.

If no adequate response is published by the BOD, the shareholders should request a special shareholders meeting as allowed by the By-Laws.

Such request should be in writing by the shareholders of record of at least 25% of the outstanding capital stock (shares).

Exercise your rights! Demand answers from your Board! 

Now, let us make another prediction here. We believe BOD wants to appoint one of the members - Iosef Gelfenboym - to become the next superintendent.  That would explain why they fired Bobby. 

Send us your questions and comments to CoopDoctor@gmail.com

Thank you. 

BOD roles finally announced!

In response to many requests from shareholders the Board of Directors finally announced who is who there:

Board of Directors Announcement 10/25/2017

Here are the comments we've received so far:

Many shareholders are complaining that they do not know people who ended up on the Board of Directors. And some shareholders said there were integrity issues with elections, and that quorum did not happen. 

Please keep sending us your thoughts on this to CoopDoctor@gmail.com

Shareholders expressed many concerns at the annual meeting. Why doesn’t the Board report on how they are addressing these concerns? Instead, the Board chooses to report on the results of the work the Board is proposing for the future. So far, they removed parking waiting lists from the lobby boards. Shareholders are now concerned this may result in more mismanagement of the parking spots allocation. 

Please keep sending us your thoughts on this to CoopDoctor@gmail.com

Yes, Board of Directors, please tell the shareholders what specific issues you have already addressed.  Help shareholders know what you are doing, make not only employees accountable, but make yourselves accountable to all shareholders.

 Please keep sending us your thoughts on this to CoopDoctor@gmail.com

The latest notice from the Board regarding every employee to be accountable for their work.  Well, it looks like some employees may feel threatened by the new Board.  Now BOD tells the shareholders not to support the employees who are doing good job for them? If a handyman fixes a stove or a leaking faucet really fast, can he not ask for a good review of his work? BOD even hints that possible litigation is coming. Are they set to fire one or more employees? Why don't they just ask the shareholders directly about the work performed by those employees? And instead of saying that shareholders know nothing about job responsibilities, they should educate the shareholders on the employees’ responsibilities. Educated shareholders will help make the Co-op run better.

 Please keep sending us your thoughts on this to CoopDoctor@gmail.com

Thank you.

New Board of Directors

Annual meeting of shareholders was held on October 4th, 2017. Board of Directors Election Results were posted on October 9th, 2017:

One of the questions we have received so far:

"It’s been 10 days since the election of new Board of Directors.
As of today, we do not know who are the new President, Vice-President, Treasurer, Secretary?"

We know that Board members read our blog, so hopefully they will post the announcement for the shareholders soon.

Thank you.

Please send any questions and comments to CoopDoctor@gmail.com and stay tuned to this blog!

Welcome to the Seacoast Towers Online!

The Purpose of this Blog is to provide accurate and timely information about Seacoast Towers as well as a forum for shareholders and residents to express opinions and engage in a dialogue to improve their Coop.

This blog is not affiliated with The Board of Directors or the Management of the Coop.

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Этот блог не контролируется менеджментом или Советом кооператива. Этот блог для жильцов и акционеров.