Judge Bangs Heads Together
Deal Seen Near in Yellowstone Club Bankruptcy
After many months of legal warfare, Sam Byrne and CrossHarbor Capital Partners appear poised to become the new owners of the Yellowstone Club.
By Jonathan Weber, 5-16-09
A chaotic two-day auction of the bankrupt Yellowstone Club ended without formal resolution late Friday, but sources said a tentative settlement that would give control of the club to CrossHarbor Capital Partners has been reached.
Although parties including club founder Tim Blixseth and a group of club members had indicated their intention to take part in the auction, in the end only CrossHarbor and investment bank Credit Suisse made bids. Credit Suisse suffered a big setback earlier in the week when U.S. Bankruptcy Judge Ralph B. Kirscher ruled that the $375 million loan the bank brokered for the club in 2005 was “predatory” and erased the lenders’ priority claims, but the bank was able to muster a competitive bid that included $43 million in cash and a so-called “credit bid” component.
Much of the fighting over the last two days involved which of the two bids was actually superior. The Credit Suisse bid had a higher dollar amount than CrossHarbor’s long-standing “stalking horse” offer of $30 million in cash and a $70 million note, but the club and the committees representing creditors and members argued that Credit Suisse’s plan did not provide the club with enough working capital to ride out the real estate slump, and included too much debt at too high an interest rate. CrossHarbor had pledged $75 million in cash going forward.
Judge Kirscher was clearly frustrated with all parties and their insistence on fighting rather than working out a deal. He was repeatedly forced to intervene in the auction process, and at one point called CrossHarbor principal Sam Byrne and Credit Suisse representative Steve Yankauer into a private meeting in an effort to force a resolution.
If the two parties can finalize a settlement over the weekend, they will be back in court on Monday battling - together this time - to get the bankruptcy reorganization plan and sale approved. A number of parties, mostly members who have special claims, have objected to the plan, but approval is nonetheless likely if Credit Suisse and CrossHarbor are in agreement.
While the exact terms of the settlement were not clear Saturday morning, it will almost certainly involve full payment for all trade creditors and vendors; Kirscher made that a condition of Credit Suisse’s bid.
(Author’s note: This story, and many of our other Yellowstone Club stories, rely on anonymous sources, and I wanted to clarify our policy. We always prefer to have people on the record, but on a story like this most people refuse to be identified, for a variety of reasons. I have many sources for my information on Yellowstone Club, and in almost all cases (including this story) we will not publish based on unnamed sources unless we have at least three independent sources with direct knowledge of the situation.)
[End of article]JW, our sources say Cs is the winner. Clearly Bloomberg reports this as well but somehow this paper reports SB/CH. clealry we know who you would love to have a t the club
Comment By "No one of consequence"., 5-16-09U.S. Federal Bankruptcy Courts, unlike Criminal and Civil Courts, are “Courts of Equity” and Bankruptcy Judges are given a great deal of discretion in resolving their cases. The goal of Chap. 7 is to allow the person or orginization to reorganize, survive and thrive. It is well within the purview of a Federal Bankruptcy Judge to take discretionary action, within the law, that will protect the entity seeking protection and make whole the injured parties. CS offered a piddeling 10 million dollars more, but at a high interest rate, while demanding higher member fees (decreasing sales) and providing starvation ration working capital (decreasing service). All from an entity that has a stated intention of closing an economic power plant like the Club, and by the way, putting a seasonal workforce of between 300 and a big bunch of people out of a job. The Judge was correct to, again, rebuff CS.
The Judge has stated from day one that closing the Club is a non starter. CS has never, by word or action, implied their intention of doing anything else.
Resort insiders speculate that CS was the winner and they are bringing in a "big hitter" to manage the resort.
time will tell?
NEWS FLASH:
WSJ AND FORBES REPORT LIKE BLOOMBERG, CS WINS THE CLUB.
JW, why are you the only one reporting CH? by the way, insiders close to you said SHARKBAIT was actually Sam Byrne blogging. is this true?
Blockhead, link?
Comment By "No one of consequence"., 5-16-09Bloomberg - May 15, 2009
By Steven Church May 15 (Bloomberg) -- Credit Suisse Group AG asked a judge to rule that it has won an auction for the Yellowstone Club, the bankrupt ski ...
Is this what you are talking about?
Real Estate
Credit Suisse looks to Gets The Yellowstone Club
Kerry A. Dolan, 05.16.09, 1:46 PM ET
Funny, when I paste exactly that headline in the search box on the Bloomberg site, I get---nothing. Same by author. And WSJ search = no hits for any articles about YC today...
Comment By "No one of consequence"., 5-16-09"Looks to get", "Asks for", "Wants" and "Thinks that they deserve" don't count.
The words "Judge Kirscher" and "approved CS's bid" in the same sentence.
Blockhead seems to be hallucinating.
Comment By Yes we can't, 5-16-09It's completely laughable how Blockhead claims there is a third mystery bidder still waiting for their time to bid and also claims Credit Suisse have won. Blockhead can't even keep his internal story consistent.
Why?...it doesn't matter if a smokescreen is gray or brown. He's just muddying the water in vain attempt to protect master Tim's convenient exit.
Subservient Blockhead only supports the Credit Suisse bid as it reduces Tim Blixseth's exposure. If Cross Harbor wins, Credit Suisse et al sick Blockhead's master, Tim Blixseth.
it is absolutely amazing how you poeple will stand so firmly behind a guy who overleveraged OTHER PEOPLES MONEY to build condos that you all know will NEVER sell. His fund is so deep into real estate, that he could not come up with the cash to close the deal last year. Now you all expect him to pony up more cash to fund YC ops until the market turns around? Where the hell is BECKLEY to tell us exactly when that will be?
Comment By sidelineobserver, 5-16-09I can't believe either side of this argument is gloating ... The judge is simply ruling on the lesser of two evils. No one is coming out of this a winner. Least of all the members. Well, actually, the spec builders come out the worst, but they purposely took the risk. The members were just looking for a quiet place to ski.
Comment By Friend of Big Sky, 5-17-09Kitty - time to change your litter....
the facts are that SB/CH have never had trouble raising the money to execute on the sale of the club. It was dear Mr. B who refused to complete the diligence required on multiple occassions.
whether it is CS or CH, what matters is that someone can run the club well.
btw- buildling housing on spec/debt is what developers do - don't tell me you think that CH is the only builder using construction loans!
Hey Kitty....The condos were selling like hotcakes till it became obvious to all that TB was not getting the job done at YC, going to court with GL not coming through with promised YC completion etc...Yes we do borrow to fund projects. However not in the manner that TB bankrupted the YC to start YCW...Things arent so rosy in the TB camp these days by the looks of things. No one else was ready to pony up the cash. Did you count the bidders???Duhhhhhh let me see, the debt holder(cs) and CH...Think about it.
Comment By hello kitty, 5-17-09Hotcakes? How many of the how many condos actually sold? How many of those were sold to shells?
Comment By blockhead, 5-17-09Hotcakes, construction loans, shit sounds like a bunch of excuses they used in a trial against CS and TB. You are a bunch of two-faced hypocrits! You spin it to whatever fits CH.SB. Listen folks of Montana, the Judge will rule and the first thing we will do is throw the party to see who is on the CH BK Wagon, buy you a drink, say no heart feelings and then escourt you the hell out of the club.
You all seem to be smelling your own stuff! CH / Sb are nothing more than dressed up wallstreeters who steal with a Pen. I agree, who cares who has the club at this stage as CS is already lodged an appea and lawsuits awaiting and I am sure TB will sue EB and SB the moment the dust settles. The only thing which comes with justice is seeing EB and SB wearing orange jump suits. All of you laugh but its right around the corner. Hey Kitty, do you know what the mortgage is from SB over Sunrise Ridge? Seems JW has lied about saying its 35m and oh yeah some internal loan (other peoples money---still a loan JW) but clearly we all know the truth and its over 100m! CH/SB are pulling out no stops to steal this club but the Judge has already stated CS is the best offer. Rubber stamp in the morning and then we bar-b-que and have a dunk tank. Invite SB AKA Sharkbait andd we can dunk his butt all the way off the mountain with Nancy sniffing all the way down to bigsky.
Don't worry, Blockhead, they can use Edra's secret terrorist software that finds hidden messages in emails.
Comment By Blockhead, 5-17-09Are you sure? That super-secret software was worth 1,000,000,000 according to Edra. I think we should be very careful. Do you know if there is any truth in the fact Edra and her Hacker (DM) actualy can hack computers? This is amazing as it would really mean that she was doing something which are not really that legal if they were huh? By the way, what is up with BLXWARE anyway? Is this part of Edra's plan to pay off the 157,000,000 running at default interest rates? Does this software really work or was this all one big fraud to extort money out of banks and her freinds?
Comment By blockhead, 5-17-09NEWSFALSH: (sorry my last two blogs were deleted so i will write with out copying the Judge's orders to ORDER Jory Russell , Jack Scalia and Juddith Redd to a 2004 Exam (Basically deposed under OATH). JW this is important news as Mr. Russell has all the emails and financial statements of Edra Blixseth and was intimate around the time Sam Byrne granted the loan. Why did you delte this fact? I was only stating relevant facts to this case. It goes to show that there will be multiple lawsuits filed against those parties who forced this club in BK and those responsible for dong it. The court has not heard this case yet. Banks were defrauded of over 157m and Mr. Russell, Juddith Redd and Jack Scalia have important information on their computers which go to demonstrate such facts to either prove they are innocent or guilty. This is called real NEWs reporting. Your readders have a right to know the Judge ordered them to be held to questioning under oath and the reasons for this as people are after the truth behind the 35m loan Sam Byrne gave edra! The creditors want this asset back to get their money. Need I remind you local montana banks were shafted by Edra, Stockmans bank, American bank are owed over 30m. Report the facts JW as there is more at stake then just YC creditors or do you feel Stockmans and American Bank should be found guilty to of predatory loans to Edra? That would be just the icing on the cake huh! The Judge's ruling put two more banks in the toliet. So do Stockmans and American bank need to be found guilty of predatory loans to Edra? Lets let the judge rule on it as this is all coming up in Edra's case s there will be a fraud case, a criminal case and multiple lawsuits coming your way to keep this blog site happy for another year. Sell advertising JW as I will keep the readers coming to your site for the Truth and REAL reporting!
Comment By Jonathan Weber, 5-17-09Just to clarify, Blockhead is referring to proceedings in Edra's personal bankruptcy case. I'm sure the court is capable of finding the facts, Blockhead has appointed himself judge and jury but I am going to put some limits on his using this forum for long, highly repetitive personal attacks.
Also to clarify, in case Blockhead has succeeded in confusing anyone: the Judge never said he thought the CS bid is better, he only ruled that it was a qualified bid. If you want to know what's actual going on re the auction proceedings, please refer to my coverage including the story above.
JW: your reporting is honest and above board, and good journalism. Keep it up.
Comment By "No one of consequence"., 5-17-09Mr. Weber,
At what point does Blockhead become Natachka?
Do you really think the YC will rise from the ashes and be sustainable as an ultra exclusive club after all this? Regardless of who gets the club, it's a failed concept and one that stinks up "Big Sky Country" with blatant and arrogant disregard for the land (remember all those fines for destroying habitat and fouling drainages?), and repeatedly burning their employees. Would YC.02 be any different? I think it's time for the world's biggest yardsale of antler chandeliers and custom wood furniture with that purposely distressed look. There are plenty of other places wealthy people can play cowboy, and there is plenty of untracked powder in Switzerland. YC has been a nice gravy train for some, but it's also been a toxic footprint on MT that tends to bring out the worst in people. Time to start selling season passes... or sell it off piece by piece.
Comment By Concerned Local, 5-17-09Blockhead, you are full of such hatred. I think that you need to take a deep breath and stop your ridiculous ranting.
How many people are you going to accuse of being sharkbait?
I assume from your planning of a victory party a the T4 that you are here in Montana...It is a stunning day out there! Do you really have nother better to do that sit online all day and post your mean blogs? (before you get the chance to jump on me for the same, I am home with a sick child and have only logged on once).
You have made some great points in your posts, but you hostile tone indicates that you either have some great stake in TB and/or CS winning or that you are in dire needs of medication.
Call a friend and spend the rest of your day enjoying life.
Bearbait does not have a dog in this fight. None. He is just a follower of the TB Trail of Tears....from long ago. I had a good friend get stiffed by TB on a logging job. Just did not pay. Said so sue me. And when that got going, the banko shield was raised, and the TB person ran behind the legal shield and never paid. Galls you to see the man drinking the most expensive booze, flying his multiple jets, being the 400th richest sphincter in the world, and he can't seem to pay the little people, and never has. No moral imperative to pay his debts. If you had a few thousand in debts here and there, and were pimping yourself as this patriotic song writer, friend of the environment, big wheel developer, wonderful human being, and don't have it in you to go back and pay your bills from your past, which are legion but miniscule in comparison to your advertised wealth, you have no moral foundation on which anyone should trust you with their money for a moment. Anyone who did their due diligence, looked far back into his past, should have found that out. But the Montana press, until perhaps New West, did nothing of the kind. Just printed what he said, as gospel, and got seduced like so many before. Even bankers and others, all wanting in on the Big Sky-YC gravy train should have done a little more investigation. Leopards can't and don't change their spots.
I actually have no sympathy for the wealthy he screwed in this deal. If you don't do your homework, you flunk the course. They have flunked, and are now trying to get the grade erased and a new start. There is a valuable lesson here. You can trust, but you do have to validate, do due diligence, your homework.
I have to go now. I just watched Obama at Notre Dame, and then this, and all of the sudden, the theme from Paul Newman's movie The Sting is running through my head. Honky-tonk piano, for a honky-tonk deal gone sour in a beautiful part of the world. He can't take the beauty away. He can't take the snow. He can't take the community of fine people. But the longer he is around your end of the world, the more stuff like this that will happen. He can't help himself. It is who he is. And there goes that music again!!!!
It is quite apparent that as far as the future of Yellowstone Club is concerned, "the bloom is definitely off the rose."
They say that people love a good scandal; YC and its
founders, including all the other key players, certainly delivered the goods.
Bearbait:
You are so right on the mark. The public image cultivated by the Blixseths was so different than the truth. A lot of it was just spin and lip service with ulterior motives.
I'm with you, it's so baffling to ponder why these types of people operate the way they do, and have no moral compunction about shafting honest, hard-working people. They have enough money in many cases to live multiple lifetimes, and the impact on their lifestyle and net worth of acting honorably would be nil. Yet somehow they rationalize this behavior as "just business."
I personally think the YC type business model has seen its day and there is a sea change in values that will make the demographic for consumption of this type of product even shallower than it already is. Conspicuous consumption (even disguised as something different (e.g. a YC "we're just folks" mission statement) has gotten a taint.
Whats a blogger to do? The unsecured creditors will be paid and now there is nothing left to focus on but the rebuilding of a unique and beautiful place.
Yes, after being mired in all of the legalities and greediness, we can focus on positives. That would include the club creating jobs, the construction industry that will benefit greatly from a YC revitalization and the Big Sky and Bozeman communities that will get the benefit of member and employee spending.
Thank God for CH and Sam- they had the guts to put up the bankruptcy financing and are now seeing their business deal through that will benefit us all!
Simple yet profound GateCrasher. Storymilldawg, this business model has seen it's day? I do not think you have thought out what you are actually saying. We are experiencing a significant downturn in our economy but lets be realistic, the ultra-rich are not going anywhere and in a couple years the economy and sales at YC will be right back on track. They didn't sell 350+ memberships, mostly in the last 5 years or so because their business model is bad, ownership and the economy brought a halt to that. New owners with enough operational capital to make it through this downturn will save this club. As much as you might not like it the Yellowstone Club will be in Big Sky forever, guess everyone who doesn't like that will just have to deal with it.
Comment By Intuitive, 5-17-09BigSkyGuy, not to be arbitrary, but I don't think this club will
operate under the same guidelines as when it was initially
established. It was a concept that was taken to the extremes
by the Blixseths. YC may or may not continue to operate under
such exclusive parameters as in the past. We are all experiencing a sea change or paradigm shift if you will, as a result of the "shocked" global economy. True, there will always be those with tremendous wealth; however, if you are one of the elite then you surely must know that many fortunes have diminished over the last year and many others have lost sizable amounts of their net worth. In the final analysis, the YC may have to surrender its ultra elite status to some degree to remain profitable and solvent.
BigSkyGuy, I think you are overly optimistic. Resort markets everywhere are overplanned and overbuilt and there will be price restructuring that will make even the best, previously inaccessible markets (in terms of price point and inventory) look very attractive again. Also even the ultra-rich are questioning just how many memberships, homes, etc in how many places they really need. Just because they have a lot of money doesn't make them immune to or lacking in common sense. It is already happening in several markets. it doesn't make sense for people to have several homes that they barely use a few months of (if that), yet have a cost burden for 12 months of the year. If sales rebound at YC, I think a couple years is optimistic too. More like 3 or 4. YC was a project and market that didn't make sense to a lot of developers and investment capital at the time it was launched, even when times were crazy good and even poorly conceived and executed projects were making money. From its inception, the capital positions got shopped, and there were a lot of passes on the deal.
I don't mean to dampen people's expectations for a miracle that will infuse money and opportunity into the local market, but that's how I see it and a lot of resort analysts and capital investment funds sorta see the same trend.
But, I hope it comes true for ya, and as with all things, time will tell.
No question the club will likely undergo someone paradigm shifts in its operational and sales philosophy but the 350+ members signed up for a particular brand of product and they will not stand for it to shift much. They have spent enough and are powerful enough to ensure the club moves forward in a similar and likely better fashion in the future. Many are looking at the club in regards to the current economy, I think CH is looking at it from a longer term perspective, and lets face it the odds are that the economy will turn around soon enough, hurray for everyone!
Comment By elkaholic, 5-17-09For the record, I don't believe most members wish for the club to remain the over-the-top brand that was being pushed by the Blixseths. Most want to see that employees are well cared for, the slopes are groomed (but leave the powder alone!), the lifts are safe and there's a good, reasonably priced cheeseburger on the menu. Hopefully the new ownership will cater to the needs of the members and not to the pages of The Robb Report.
Comment By sidelineobserver, 5-17-09I don't know what ultra-wealthy people you know, but the ones I know are, quite frankly, embarrassed these days. They are re-evaluating just how much they actually need vs. want. They have stopped spending as if they will always have more than enough. If YC were that important to them as a particular brand, then they would have come up with the money themselves. The joke among skiers has always been that the slopes were empty because the members didn't really ski, not the exclusivity.
It will be interesting to see what happens, but I wouldn't be surprised at all if some families cull their multiple vacation homes and the YC house is dropped.
BigSkyGuy, I respect your optimism and your right to believe the business model is proven but I completely disagree. You could optimistically say that Madoff's ponzi scam/scheme only failed due to the global financial crisis too, but I wouldn't. The YC business has never proved viable and future conditions are far worse.
We have witnessed the most greedy, heady and credit loving period in history and still the ultra rich club was two thirds under subscribed. There also was no negative publicity about the club like there is now. You look to 350 memberships...I see 500 available memberships being entirely subsidized by current members fees.
Whoever wins the auction has to prove they can operate the club for 2+ years with zero sales so the judge has no confidence in sales at all. The club's operating projections for the next 2 years are truly scary and only red.
The Yellowstone Club is a relic of a greedy lustful era and the poster child of high-end sub-prime. I think it may exist in some form or another but member fees will need to triple just to the operate chair lifts. It will never be the same, which is probably a good thing. Being Tim and Edra Blixseth free at least will be a start.
2/3 under subscribed? Memberships, especially memberships at ultra-exclusive clubs don't sell overnight. That argument is suspect at best. A relic from a greedy and lustful era?...that maybe, but the bottom line is that the ultra-rich are not going anywhere, the economy will more than likely come around in 2 years or so and the club will be able to again move forward and hopefully in a more responsible manner. Hence the 2 years of operating funds from the judge. I am not saying it's going to be all roses by any means, but to count out a club that sells a very unique product, aimed at an economic sector that does not play by the rules that the majority of us do, largely based on today's economic situation is short-sighted at best.
Comment By Yes we can't, 5-17-09I think the key difference between Yellowstone Club during the Blixseth 'era' and post bankruptcy is the ludicrous burn rate. Tim needed to paint a picture of money being no object and burnt cash at such an embarassing rate that his lies needed to compound until the infamous Yellowstone Club 'Pinnacle' plea for help.
I think that will be gone. I think staff to member ratios will need to more than half...either that or annual member fees need to double+...Blixseth was pyramid trading using the large new member fees that have now evaporated. Left trading on annual fees alone the club is simply unviable, I think even if fully subscribed.
Don't worry, even I think a return back to reality actually makes it more attractive, but I think you need to drop this 'ultra-exclusive' talk as this club is exclusive in only one respect...people duped by Tim Blixseth. (discerning people need not apply?)
A private ski resort is about as viable as a private shopping mall. Those high-speed chairs aren't cheap. The Warren Miller Lodge??! That's like the Hearst Castle of base lodges. Paying staff to drive up death canyon and stand around all day adds up after a while too. Private Powder is dead... or should be. Certainly Bill Gates can arrange for his own security, and if they dropped the whole ultra-exclusive nonsense and opened up to the rich... not just "uber-rich", it might work again- they'll have to change the name and drop the "club" part. The golf course could stay private but not the skiing. They could allow as many skiers in per day as there are parking places, and make a better link to Big Sky. The powder will still be relatively un-tracked for perhaps 2 hours as opposed to the standard 15 to 30 minutes at any other North American ski area... and eventually you'd have some great bump runs off the ridge!! They'll still have to auction off the elk chandeliers and Native American kitsch and they'll have to attach about 500 more chairs to the lifts. BBQ Cheese burgers, ice cold PBRs...no problem... maybe a good tubing hill and your back in business! Oh, ya, they'll need ticket checkers- plenty of ex-YC ski instructors and baby-sitters could fill that role. So what's this new entity going to be called? How about 'Big Hole at Big Sky'?... 'Bankrupt Basin'?... 'Blogger Bowl'?...
Comment By YCBurma, 5-18-09...'Mt. Lumineer'!!!
Comment By YCBurma, 5-18-09Edra's run... they'll have to rename it. How about 'Sharkbait'?... 'Facelift'?. Maybe some other ski runs could be renamed too... names like: 'Bailout'; 'Ego Trip'; 'Gravy Train'; 'Kirscher's'; 'Pipe Dream'; 'Foreclosure';...'Litigator';...'Yardsale'...
Comment By YC Member, 5-18-09The club will stay private. Unlike the image the Bs wanted to paint, the club is not about exces and spending mega-$$$. Yes - most of the large homes are over the top. But I, and most members I know, just want the peace and quiet, unhassled skiing experience. In fact. most would be happy if the club had no name and was just a a quiet place which faded away in publicity, etc. Members have come to YC for that. The ones whoo want glitz and to appear to be over the top consumers tend to go to Vail, Aspen and Sun Valley. You can not be "seen" by enough people at YC. Excess is a relative term -- when a BS local sees thing at YC they look excessive. Compare YC to Aspen and YC is modest. The slopes at YC are not a fashion and jewelry show.
My family and I like almost every employee we have met. They are welcoming and friendly. Otghers feel the same way and that is why the membership has been very strong and vocal about not having a wholesale change of employees. Thanks!
YC Burma---those are all great. Maybe a Blockhead run too.
Comment By GC, 5-18-09Hello Miss Kitty. You tell me how many SR condos sold and how many sit empty since you are the one claiming they were a debt ridden failure. I only heard good energy associated with the condos. Had a friend flip one for a nice profit etc...I am maxed out on my blogging these days. Jonathan please continue to filter Blockheads broken record jibberish. Spinning and reposting and spinning again. I have a feeling the more this goes to CH the more ridiculous crap BH will come up with.
Comment By blockhead, 5-18-09GC or shall we call you J. Harris? Nice try but please, the above want to name a run after me. I am flattered as long as I can have the EBITDA run! You can have IBKYC run!
You think I am jib and jab which is true but with facts, something you can do. sorry for you. did you get the mortgage figures of SR yet? Thought not. duck and dive you CH supporters! today could be the day. JH, sailing is looking better for you. Maybe you buy out the Freedom of Spirit which is for sale correct? How funny isnt that! Times are tuff and going to get tuffer! Blokhead lives and Blockhead will return.
YO GC, give the Kitty what the Kitty asked for. Where is the proof of sales, what remains and how much debt. Stop the nonsense and hand over the facts or pick on someone of your own size on your ridiculous claims! Prove the Kitty wrong. The flip comment says it all. Pure Greed at any cost huh! Go Kitty Go.
Comment By WeeJohnnyMc, 5-18-09Oh Blockhead....I can hear the fat lady warming up in Butte and hear the crackling of the ice as that Eagle Rare is poured into the glass.
Comment By blockhead, 5-18-09WEWE....you gave away your hand as you work for NEW WEST. Do you deny you work for NEW WEST? Dennis hacked into your system and located the IP address coming from NEW WEST SERVER. Dennis is Blxware, the anti terrorist super duper deluxe hacker so your busted. Either way the drink will be poured! Even though you blogged as a NEW WEST employee! fair play
Comment By blockhead, 5-18-09WEWE, are you surprised? Blxware works and we monitored your entire system for the last 4 months. Had you going! But we got you but you did a good job reporting! Fair play but you were being monitored to see what was going on. Thats what blxware does. We do not call it hacking at Blxware we call it getting information the IT was and using it to gain more knowledge. Its an incredible system I encourage everyone to invest into. You can be in 20 locations all at the same time and take over other computers and write from them in all different locations. Amazing stuff.
Comment By WeeJohnnyMc, 5-18-09Blockhead....please step away from the crack pipe. You are now delirious. If you say that you know who I am...please I urge yo...to reveal who I am.
Your screen name is becoming more and more a reality
For the record, Blockhead's assertions above are ridiculous, no one from New West blogs except under their real name and our server is not being hacked by Blxware (which is a video compression technology anyway and has nothing to do with server hacking).
Update of today's news story coming shortly.
http://www.newwest.net/topic/article/crossharbor_wins_battle_for_yellowstone_club/C35/L35/
Huh. Blockhead's a nut case. Who'd a thunk it.
Comment By spiritsurfer, 5-19-09Good luck Montana. Smart money will ski Whistler and Squaw and Telluride and Aspen and Purgatory and Alta and Jackson Hole, Chamonix etc. and stay as far away from YC and Montana as possible.
Gotta keep those lovin good vibrations happening with you...