Big Canoe Matters . . .

A time of reckoning . . .

On June 26^th, a representative and partner of the accounting firm, Mauldin & Jenkins, declared the Association books to be “clean and in good order”. (1a)

This audit opinion was made possible only after the required write-off of $1,544,897 in capital assets (associated with the Clubhouse and Choctaw renovations) resulting in a similar reduction to 2024 income and property owner equity. For example, management’s restated financial results (2) now reflect a net loss from operations of ($761,185) versus the $730k positive result originally reported.

Continue reading “A time of reckoning . . .”

Back to the numbers again . . .

With a lengthy May 29^th board meeting that was informative at times and misleading at others along with the recently posted April financial package, there is much to talk about. Perhaps it’s time to put the trademark discussions on the back burner for a moment and refocus attention to other financial matters. Continue reading “Back to the numbers again . . .”

An albatross updated . . .

The trademark business continues to be alive and well in Big Canoe as it has just been learned that leadership has applied for yet another new trademark registration on May 21^st in the name of Big Canoe Brokerage. Same name as included on the May 16^th application but absent the LLC designation. Strange. Continue reading “An albatross updated . . .”

An albatross . . .

Well now. With the clubhouse renovation nearing completion and the $15 million line of credit fully drawn, it seems that the Association’s recently obtained ownership of various trademarks may have become leadership’s newest and latest pet project. Continue reading “An albatross . . .”

The charade . . .

It appears we have been told a lie.

According to the FAQs found on the Renew Big Canoe website soliciting property owner approval for the clubhouse renovation, (1) no additional work was needed for the clubhouse kitchen as it had been recently renovated and was functioning in an efficient manner. Continue reading “The charade . . .”

The untouchables . . .

It seems that our elected board has managed to escape a self inflicted crisis unscathed and without consequence and with the continuing power to create new dramas some other day. This is Big Canoe. Continue reading “The untouchables . . .”

Walking it back . . .

There’s a lot going on in Big Canoe. So much so, that it can be a challenge just to keep up. Because of that, this post will once again address a variety of subjects rather than present any cohesive discussion on one specific topic. Let’s now begin with several updates to information found in recent posts. Continue reading “Walking it back . . .”

And for now . . .

As we anxiously await an announcement from the board that the trademark agreement with Big Canoe Brokerage has been executed, complacency can easily set in when in actuality nothing else has really changed. Continue reading “And for now . . .”

More about that Big Canoe trademark . . .

Now isn’t it remarkable that our Board of Directors actually considered changing the name of our beloved community when the outright purchase of the name and trademark was available for less than the cost of the recently purchased clubhouse dining furniture? (1) It is quite frankly unfathomable that our elected leadership instead chose to subject the property owners and our community to so much distress and reputational damage (2) by arrogantly announcing their intentions to “unbrand” at the February 27^th board meeting. Continue reading “More about that Big Canoe trademark . . .”

About that Big Canoe trademark . . .

By now, most property owners have either read the POA e-blast (1) or listened to the January 30^th board meeting (2) regarding the issues surrounding the Big Canoe trademark. The board is embarking on two parallel paths to either purchase the trademarks “at an acceptable cost” or proceed with plans to change the name of our fifty two year old community. No further comment is needed by this writer at this time. Instead, this post will serve only to provide additional important details about those negotiations. Continue reading “About that Big Canoe trademark . . .”