Greetings, “Research Colorado law re: statute of limitations for causes of action against directors and officers for fraud.” Docket 200 page 32 of 42 “First Interim Fee Application of Ballard Spahr” Even the chronic nay sayers need to take a dose of reality this month. Brundage-Bone reports losses of 2.7 million in January. True to form, this month Aurora and SunTrust get to become acquainted with the Brundage-Bone school of ethical behavior. Former owners of Brundage-Bone are writing letters to the court giving their take on the Ponzi scheme. Reviewing the YTD losses of Brundage-Bone they are obviously pricing their services at 32% of cost. Just when Aurora was getting dumped by Brundage-Bone the Brundage-Bone attorneys were spending time looking over UCC filings, cross-collateral, intercreditor agreements, and studying limitations for fraud in Colorado. Brundage-Bone projected losses November 2010, 929 thousand, actual losses 3.045 million. Projected losses January 2011, 1.562 million, actual losses 2.739 million.. Estimated Fiscal Year to date losses January 4.914 million, actual FYTD losses 7.623 million. [Docket 1455 exhibit L] There is a clear recurring blueprint here, never does Brundage-Bone perform anywhere near their own abysmal projections. After cutting costs and personal, Brundage-Bone has FYTD sales of 16 million, Brundage-Bone has FYTD losses over 11 million [adding back the 4.1 million sale of assets]. Here is some advanced arithmetic for all the financial wizards working on this project; Brundage-Bone is losing $68.75 for every $100 they’re billing [11divided by16]. Or even more simply put Brundage-Bone is selling their services at 32% of cost. Additionally, current expenses don’t reflect the 2 million plus in post-bankruptcy monthly equipment payments. Adding another six million in losses! 16 million in sales17 million in losses! How can any creditor with any common sense be expected to confirm this plan? This is not a plan this is a suicide note. Brundage-Bone was forced from Broadway to Bankruptcy Street January 2010. Properties in Utah, Iowa, Washington, Wichita Kansas, Kansas City Kansas, and Texas all liquidated the proceeds going to Wells Fargo, to repay the DIP financing which according to Brundage-Bone was never borrowed. Over 4 million in assets sold perhaps bilking the creditors out of millions. Much of the former monopoly money has been dispersed to directors. Attorneys researching fraud, there is nothing left, the skeleton of a former Ponzi scheme. It is time to clang the door shut and throw away the key. SunTrust Financial is one of the lenders in this bankruptcy. SunTrust repossessed at least nineteen of the trucks they had secured with UCC filings. Brundage-Bone is now asking the court heave SunTrust’s claim out because SunTrust secured the truck and not the pump [not uncommon]. The only question is; Did SunTrust loan on the equipment they secured? To that there is no dispute. You can judge how ethical it is to borrow money and then try to finagle out of paying. Many would refer to that as unethical, dishonest or maybe even corrupt, all traits which have been thoroughly discussed previously. Without Aurora’s involvement Brundage-Bone would have been forced into Chapter 7 in 2010. Aurora was the instrument that coerced Wells Fargo to provide Brundage-Bone DIP financing. Allegedly Brundage-Bone signed super priority liens to Aurora for their work. Now Brundage-Bone is representing Aurora provided no benefit whatsoever. Brundage-Bone supposedly believes Aurora spent millions just for the enjoyment of facilitating Brundage-Bone. The Brundage-Bone school of business ethics, entitlement. This month Aurora will be taking the deposition of John Hudek, William Snyder [chief turnaround officer], and designated representatives of the Brundage-Bone. William Snyder has no ghost in this closet but the sweat will be rolling off the others. “I worked with and overheard numerous conversations by members of the proposed new board of directors. I would not trust two of those members with my grandchild’s piggy bank” Docket 1519 Mike Cook is a former owner of the Ponzi scheme stock. His letter to the court provides his glimpse of the integrity of some of the management and the devastation of losing his entire retirement to this Ponzi scheme. Cook believes as others this whole bankruptcy is for the personal gratification of members of the new board. As delusional as it may be he is requesting stock in the new company! “Research statute of limitations for causes of action against a director or officer for fraud.” Docket 200 page 35 of 42 “First Interim Fee Application of Ballard Spahr” January 2010 when the mêlée between Wells Fargo and Brundage-Bone was in full heat suddenly Brundage-Bone discarded Aurora and climbed on Wells Fargo’s wagon. First application for compensation docket 200 provides inklings into the real reason why. Mary Schwebach one of the many attorneys representing Brundage-Bone was spending a lot of time on updating UCC filings, cross-collateralization of loan documents, collateral secured under Wachovia loan documents, due diligence letters, intercreditor agreements and several other matters involving the Brundage-Bone bankruptcy. Time and time again after she has been working on some of these matters she has an uncontrollable urge to research the statute of limitations for fraud in Colorado. Take notice she is not researching; what fraud is, she is apparently assuming there is no question of fraud only what is the statute of limitations for the committed act. Could it be Wells Fargo was threatening prosecution? For the nay sayers; isn’t time take heed and believe? It is no more complicated than that. Yellowstone

I do not know who yellowstreak is and I certainly do not appreciate him using my name completely out of contex. 

I would suggest that yellowstreak crawl back under his rock and that no one pay any attention to him since he is not man enough to say who he is.

Mike Cook

wow yellowstone you so smart!!!!!! NOT like mike said go crawl back under your rock.. DO NOT BELIEVE ANYTHING THAT YOU READ FROM YELLOWSTONE ITS ALL LIES!!!!!

well maybe you should go read the court docets. its all there

All there in black and white. Not looking good for big orange.Cant say I will miss them LOL

I won't say anything about YSM, but Todd hasn't seen this yet when he does its bye bye.

I did see it. I called and asked BB if they wanted me to take it down or leave it up and they said to leave it up for now. The rule for this web site is that you dont talk crap or trash about anyone or any company but BB has asked me to leave stuff up and has posted on this web site so now I ask them if they want it up or to pull it. Normally I just pull this type of stuff.

Anyway please be professional when posting.

I have a feeling this yellowstone woman is just starting trouble. Only been on the site for less than a month and already comes up with this huge story. I think you belong on a reality T.V. show.

Pink Panther if you only new who you might understand, I go along with Todd this site has been clean and stays talking about pumping concrete and good stuff.

Well i for one know that t-town happens to be short for "tacoma" so who ever you are ms. "ttowngirl" you've sure made it known what company you keep.  Your obviously quite the smart one, being that you get to hang out with the great wise one that they call "yellowstoned".  Well what ever your hang-up is i hope that you and your partner in crime mr. stoned enjoy your truth or so-called truth, or whatever you call it because you seem to have some serious issues other than what your talking about on this site.  I hope you get the help you need. Sincerly BIG G

This post is coming from somebody who worked at a branch that was left in filth, rat poop on desks....dog crap in office rooms....good to know that they can't live in normal conditions but they can post shit like this

Why are you guys getting so upset at what somebody is writing? If you work for the company keep on pumping! If you don't keep on pumping! You guys are like a women at the check line reading US weekly. "everything must be true if they wrote it." let's share story's and pictures and stop worrying about BBCP and their bs! P.s. If your going to talk shit don't be scared to sign your real name Earl

AND, READ THE COURT DOCUMENTS!!!!!! Don't believe him, don't believe management. It is all there to read yourselves. God you people don't get it. You can't operate at a loss and survive!

I've been reading the court documents and from what I can tell, they are letting Jack and Dale "buy" shares in the new company.  What I can't figure out is where they're gonna get the money.  Key Bank has a $2 MILLION judgement against Jack Brundage!!!!

Court: King Co Superior Ct
Case Number: 10-9-32415-7

They (he or she) yellowstone/ttowngirl-are just mad! they are pissed off that there ARE! STILL! orange boom's up all over the U.S.!!   IF YOU HAVE NOT GOT IT THROUGH OR IN TO YOUR LITTLE BRIAN'S THAT THE BBCP TEAM!!! THAT MEAN'S ALL OF US ACROSS THE U.S,HAVE NOT! WILL NOT! BACK DOWN!!!! We Are Here To Stay!Say what you will.stick's and stone's, I do not care ILL PUSH IT THROUGH MY ORANGE BOOM!!..  STICK THAT IN YOUR HOPPER AND PUMP IT!!!    

   NORTHWEST63

SORRY TODD. they are just reading the bit's of it I,E the bad part's i have not posted on one of them yet but enough is enough. that's all i have to say

and not make a profit.

I agree with 95schwing - don't believe anything anyone is "saying."  READ the actual court documents available online for free.  This looks like a disaster that will continue to unfold.  BBCP is still quietly dumping used pumps on the market to the detriment of everyone and will probably continue to do so.  I'm not much able to understand their complicated financials but it doesn't take a whiz to think that their old strategies just won't work now any more than they did before. And who pays for that???  Key Bank's shareholders??  Wachovia's??  AIG's??  Wells Fargo's??  It seems like the BBCP team is looking after their own pockets at the expense of everyone else in the pumping and banking industry.

court documents don't lie, management will though.

Read the court documents,make your own decision, me I could care less about BB, I just hope there operators that have been so loyal through all this crap doesnt end up with the short end of the stick, every company needs operators that are loyal lets just hope that loyalty goes both ways.

Again if your a real man sign your post with your real name! Who care's what bbcp is doing? If you don't work for them then keep on pumping, if you do then keep on pumping. Leave the Us weekly at the store girls! Earl

@schwputz:

Problem is - what they (Brundage Bone) do DOES effect a lot of people in this industry.  If you don't see that, don't read about it.

My name is Earl. I know all about bbcp, because i use to work for them. I don't care for them but what you don't get is if they do go away this whole industry will have to worry. Think of all the good operators they have that might take your job! Look at what happen to pump prices when pumpco went under! Schwing went from 600 employee's down to just 80 as of today. All Im saying is just focus on yourself and not a company that you dont work for.

Many you are old as me.

That wasn't meant for you roy. I'm getting tired of hearing about BBCP. I want to see more pictures and hear about some of the crazy jobs. Like that big water tank your guys did back in the day with the 52's and 42's. do you know which one im talking about?

Ed,it's terrible getting old.The trick is,don't worry,be happy

Read docket 1573

LONG LIVE THE BIG BAD BRUNDAGE BONE

Todd i cant believe that you would take down if BB wanted. These are all court documents, not lies, right there for all that can read to do so. I would lose alot of respect for you and this site if you did remove this post, as its very truthfull.

 I also worked for BBCP for 7 years and left on my terms. They have alot of good guys there, and sme guys there that have no idea what they are doing. Every yard is different, but lies start at the top and roll down hill. The last thing any branch manager is gonna do is say " Yeah guys its not looking, so watch your spending etc " everytime you ask them its gonna be the same old shit " we are getting busy, prices are going up, get ready to work some long days"

 Dont shine the brass on the Titanic orange kool aid drinkers

Dear JRaptor.

As a rule i never leave this kind of stuff up. The last thing I want is to have this site or this message board used as a place to bag or rip on people or companies, even if its all true. This web site is about Concrete Pumping not who is doing what crap or who sucks the most and so on. They only reason I left this one post up is because I was asked to leave it up by BB.

CONCRETE PUMPERS ALERT When you can buy pumps and parts cheaper than anyone else and you main objective is to put the small pumper out of business and give him stock that is not worth the paper that it is written on maybe Yellowstone has something we should pay attention to. When you are out pumping concrete for less than what you can buy fuel and operator even though you got pumps for free for long period of time the road does end with cliff. Pumpers if you triple you prices you will still not get paid enough for what your service is worth. Nobody remembers we went threw the biggest construction boom in the country and just about every pumper is broke. Think maybe Yellowstone man has some very important information. Before you Bitch think a minute!

wounder what would happen to YELLOWSTONE and the company he/she own's/works for if you read all the court document's he/she have had to deal with?

We call him the Yellow snow man,  full of Piss   no facts