Hopes And Doubts From ABATE State Board Meeting
At Saturday's state board meeting.
I want to start off by quoting this to you:
Whether you support ABATE or not, they represent you legislatively, in state policy making, and as a face of Colorado riders. It reflects directly on you whether you acknowledge it or not. At the very least, care about your reputation…
I’ve wondered in recent weeks if readers here groan when they see ABATE in the titles of these posts. If you’re not a member, why should you care. That statement, from a thread on the Colorado Sportbike Club forum, is the reason. So, proceeding . . .
So, I went to the ABATE state board meeting on Saturday as I said I would, and found both reason for reassurance and for doubts. State Coordinator Bruce Downs stressed one point he has made before, which is that lax practices of conducting business in the past make it hard now to reconstruct the events that led to the group’s current financial crisis. That laxity has been banished as of right now, he noted, and he proceeded to run the meeting by the book. This is definitely a good thing.
The end of the year balance sheet was discussed, which shows the group in the black for 2014, and members present made a point of asking that the monthly reports be made available to all along with other related information. That members are paying attention is also a good thing.
Of course then there’s that issue of that towering load of debt with usurious interest rates, and ABATE has simply defaulted on that. There’s still only one way to characterize that and that’s very bad. The lender will not be going away.
Gary Davis, the representative from District 5, asked if discussion of this whole thing was on the agenda, and when Bruce said it was not he asked if it could be added. That discussion ensued immediately. Gary proposed that ABATE contact the lender, Quick Bridge Funding, to see if any sort of accommodation can be worked out. Another member who has experience as a loan officer agreed that it is far better to be in communication than to not be. As a motion to that effect seemed to be moving to a vote, Bruce said he felt it would be best to consult with an attorney with experience in this sort of thing first. Motions for both those proposals were passed.
That’s the bare bones of it; what was interesting was the discussion.
Early on, Bruce said that the loan was in default and, as for the lender, “they’re gonna play their hand.”
In what I thought was a very perceptive question, D-10 rep Rocky Wood asked if that meant that the group was just sitting back waiting to see if perhaps the lender would pursue Terry Howard, the former state coordinator, rather than ABATE, with the expectation that they would have a better shot at getting their money from Terry. Terry, of course, personally co-signed on this load and thus is liable if the group defaults.
The former loan officer spoke up at this point saying that considering the loan was to ABATE, and Terry was only the co-signer, they would definitely be coming after the group, and probably Terry as well. But no hope that all eyes would be turned toward Terry. So if the answer to Rocky’s question was yes, well, too bad. Ain’t gonna happen.
Several board members asked questions about how all this came about and I was struck with two thoughts. First, it’s extremely interesting to see board members, who were presumably there when this all occurred, asking the same questions I’ve been asking. Maybe that means those questions will eventually get answered. Second, however, is the disturbing thought that the people who were there when this all happened were apparently not paying enough attention to know what was going on. That seriously tempers the confidence the first point starts to build. What were you guys doing?
In the meantime, support for ABATE is diminishing, largely because a significant portion of membership feels Terry Howard has been thrown under the bus while another officer who would seem to have been every bit as much involved in the situation has felt no repercussions. Rocky’s question about ABATE waiting to see if the lender would go after Terry instead of the group goes straight to the heart of that thinking.
So I return to that quote I started with: “Whether you support ABATE or not, they represent you legislatively, in state policy making, and as a face of Colorado riders.” Can this group be saved? Does this group deserve to be saved? There are a lot of people asking these questions and they’re not finding any easy answers. I’m not finding any easy answers. I did just renew my membership but I know others who have not. ABATE of Colorado is facing a tough road going forward.
Biker Quote for Today
Never spit at a competitor when you’re wearing a full-face helmet.
Tags: Colorado Sportbike Club, motorcycle rights organizations
January 22nd, 2015 at 8:40 pm
I say let them sink like the rats they have become! It is sad that the board knows not of the happenings, how can this be? Because they don’t care enough, I sent numerous emails to them in 2012 and received not one answer. Hmmm that tells you how much they care about what goes on
January 23rd, 2015 at 6:37 pm
[…] refer to Ken Bingenheimer’s latest blog article for insight as to how the last board meeting went, and how it seems that there will never be the […]
January 31st, 2015 at 9:06 am
Ken,
This bit from your article is the heart of the matter, “…the disturbing thought that the people who were there when this all happened were apparently not paying enough attention to know what was going on. That seriously tempers the confidence …. What were you guys doing?”
As we both know, the Board of Directors was aware of what was going on, back in 2012 and earlier. Anyone on the Board that says they were not aware was either absent (for years), willfully ignorant, or is lying. I would guess that many of the current Board are the same folks who were on the Board when all of this was beginning. So why would anyone expect them to behave differently now? I’m afraid you have thrown your membership money into the sewer, as it’s going to be managed by the same bunch that caused/allowed the current fiduciary mess.