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Aug. 2 TMC owner meeting; final advance story (by Jeffrey W.):

Thanks to many of you long-frustrated owners for keeping pace with all the activity out of the AG's office. Can be quite confusing, especially since their legal issues are not the same as your owner issues. We are doing our best to keep you up to date on RedWeek, but there are many nuances of the case we don't even write about.

All TMC owners deserve some straight talk about their issues. This is one of the primary reasons we are hosting, with NTOA and TST, an open meeting for owners on Aug. 2 in Manhattan, to discuss the status of the AG's case and what it means for owners who are frustrated with maintenance fees, reservations, resale issues and other issues --- like who is responsible for this mess? We don't promise to provide the answers, but we do guarantee an honest discussion of the issues. We also plan to record much of the event, so we will expect to post highlights here in the near future.

In any case, sleep on this. The AG is now accusing the Eichner group of fraud, including siphoning $6.4 million a year from owner maintenance fees for Urban, the alleged management company. AG claims Urban had NO employees until AFTER the AG filed suit, one year ago, to shut down the Manhattan Club's timeshare business and freeze bank accounts.

Happy anniversary to all followers of this saga. No end in sight. But we hope to provide some clarity on Sunday in the Big Apple. After that, next court event is a status conference Aug. 21.