All Forum Posts by: Jason Monaco

Has anyone heard anything…there was supposed to be a weekly newsletter..I received the first 2 but then nothing last week. The previous newsletter said a WebEx at the end of July but I haven’t got any notification for that… the previous mentioned buyout doesn’t seem to be materializing. It started out sounding like a sure thing and now Sean with investor relations is real cagey about it when I ask him.

Is the buyout actually going to happen…I have heard it mentioned that it was an idea being talked about but I have not heard that it was a for sure option that will be available.

does anyone have any kind of an update? I haven't heard anything in awhile....

 I talked to Sean at AHP. he said Jorge was uploading them last Friday, then it was Monday, then it was Tuesday, Wednesday, Thursday, etc. He'll tell you anything you want to hear just to kick the can down the road. I have no idea what to expect at this point.

Guys I don't think were ever getting a dime back. I think this whole lawsuit thing is a distraction to cover up what's really going on.. If I owed 60 million to investors I would be out front causing a distraction as well. I just hope for this ride to be over and hopefully try to recoup some of our money through the tax code. I've done research and know some people in the same industry as Jorge and here's what I've found and/or been told by reliable sources.

1. AHP Servicing never filed their 2022 Audit.

2. AHP Servicing closed their servicing arm and never provided an update in a SEC filing.

3. AHP servicing assets (investor money) was allegedly used as collateral for other affiliated entities controlled by the sponsor which are now tied up in litigation. (If this is the case, that is really really really bad).   

4. In reading the files in the case, there appears to be a dispute between Oak Harbor and AHP where AHP was to buy back loans and never did. What is transpiring now is clearly disputed on who has rights to what assets.

5. if you read everything in the SEC and their 1-SA and financials, if you see how much they paid in salaries/bonuses you would vomit. I invested in another servicing company and the payroll for the company that was smaller but not drastically as AHP was around $800k, I believe AHP was $6M... That's a lot of salary and bonuses....

My questions are....?

- For the loans sold to Oak Harbor, which entities were those loans from?

- Were AHP Servicing and its investors funds/assets used as collateral for loans from affiliated entities?

After listening to this months webinar I have a few questions.... the total amount of investor money is 60 million. According to the info on the webinar Oakhill capital has stolen or is in control of 65 million. My questions are....

1. why if ahp owed only 3 million to pay off the debt in October did ahp give oak harbor access to 65 million of their assets? 

2. If ahp owes 60 million to investors and oak harbor has 65 million held up..say best case ahp wins there is no way they are going to net 65 million.          Where is the 60 million going to come from to pay back investors.

Something is not adding up.

 Sam the same thing happened to me...I logged into the portal to see my subscription agreement with AHP Servicing and it is gone. I could of sworn it was there. The only documents I have there are the prior years K-1's I have been signed up since May 2020 and all my documents are gone. I tried all day yesterday to contact someone over there through email and phone and got nothing...

At what point can we consider the investment lost. Does AHP have to officially give out a statement that says our investment is worth 0 or by them going silent and not being able to be contacted does that count as a lost investment? Can they keep sending out yearly K-1's to prolong this for a couple of years?

 They did mention the company but I don't remember it exactly. There were two companies involved.

do we as investors have any recourse? is there anyway to get our money back other then wait around to see if this thing works out and wait to see if Jorge returns the investor funds?