Comments on: Payment Trouble – Another AMC Failing?

By: NatalieA

NatalieA — Thu, 11 Feb 2016 21:25:29 +0000

interesting… years ago I did alot of work for this AMC, fee’s low, and had to follow up on payment more than once. However I liked working for a local company, and enjoyed their staff. Still a couple times a year I receive requests from them, but have not accepted due to low fees paid. However just today (haven’t had a request in at least 6 months) I received 3 new order request from them.

By: Mike Ford CA AG; AGA, GAA, RAA

Mike Ford CA AG; AGA, GAA, RAA — Thu, 11 Feb 2016 18:10:40 +0000

Why have they not been turned in to CFPB?

I would ALSO immediately file claims (send bills) to THEIR lender clients. They ARE an agent of the bank as far as ASC is concerned.

The proposal they had IS novel and interesting, but the real problem is that if they do not already have a profitable model then the stock is worthless. Also, doesn’t this count as a regulated stock offering under SECC rules?

Prospectus; disclosures, that sort of thing?

Two companies were referenced but only one discussed? If you are warning your peers please make it a meaningful warning.

Thanks

By: GW

GW — Thu, 11 Feb 2016 17:33:19 +0000

In reply to GW.

Because most amc s are owned by banks.

By: Leslie Barilone Robbins on Facebook

Leslie Barilone Robbins on Facebook — Thu, 11 Feb 2016 17:23:08 +0000

In reply to GW.

Yes! How is that part of the process so unregulated?!?

By: GW

GW — Thu, 11 Feb 2016 17:20:10 +0000

In reply to bubba jay / Retired Appraiser II.

The money should be held in an escrow account for appraisers. Sure that won’t happen.

By: GW

GW — Thu, 11 Feb 2016 17:18:42 +0000

Just got paid from an AMC in PA. Took over 60 days. No more working for them. Just

divorce and Superior Court work from now on.

By: bubba jay / Retired Appraiser II

bubba jay / Retired Appraiser II — Thu, 11 Feb 2016 17:02:46 +0000

this is another reason in a sane environment, the middleman gets erased from the equation, not added into.

if this AMC cant pay its bills now, it wont be long till its “stock” is completely worthless too. something wrong is going on somewhere.

the bleeding continues . . . . .

By: KenQ

KenQ — Thu, 11 Feb 2016 16:28:00 +0000

It’s gotta be this one http://web.archive.org/web/20150919131434/http://www.wcci.biz:80/about-us/

By: Koma

Koma — Thu, 11 Feb 2016 16:14:13 +0000

Two minute Google search and you’ll see the name..lol Learned my lesson the hard way to keep track of payments. Making sure it don’t happen again. I have no problem cutting them off. Hopefully that 100 grand will cover everybody.

By: Elizabeth Morse Rhodes on Facebook

Elizabeth Morse Rhodes on Facebook — Thu, 11 Feb 2016 14:26:50 +0000

Oh come on, say the name of the AMC! Why protect them when they are hurting us?

By: Bill Hattaway on Facebook

Bill Hattaway on Facebook — Thu, 11 Feb 2016 13:41:27 +0000

Why are they afraid to say the name of the failing AMC?