tag:blogger.com,1999:blog-12703782.post397016576792775981..comments2020-04-11T03:30:02.282-05:00Comments on Advance Indiana™: Brewer Election Complaint Hearing Moved To Next MondayGary R. Welshhttp://www.blogger.com/profile/15185079937305083438noreply@blogger.comBlogger31125tag:blogger.com,1999:blog-12703782.post-46634401549841041302015-02-20T11:19:44.140-05:002015-02-20T11:19:44.140-05:00What I now want to know is whether the Crimson Mer...What I now want to know is whether the Crimson Meridian investors have any equity stake in Soupremacy.<br /><br />If not, was a single dollar of Crimson Meridian money commingled with or invested in the Soupremacy project? <br /><br />It would be nice to see the Crimson Meridian PPM.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-16289918160414427812015-02-20T11:06:42.262-05:002015-02-20T11:06:42.262-05:00More interesting stuff.
The investors bought shar...More interesting stuff.<br /><br />The investors bought shares of Crimson Meridian. While working for behalf of Crimson Meridian, Brewer started Soupremacy.<br /><br />The trademark for Soupremacy, however, is not owned by Crimson Meridian, an entity to which Brewer owned a fiduciary duty. The Soupremacy trademark is held by Crimson Circle, LLC, the manager of Crimson Meridian. <br /><br />https://trademarks.justia.com/861/78/soupremacy-86178041.html<br /><br />Shouldn't the Crimson Meridian shareholders have some interest in the Soupremacy trademark?<br /><br />Here's a law firm Brewer uses.<br /><br />FOX, SWIBEL, LEVIN & CARROLL, LLP<br />200 W MADISON ST STE 3000<br />CHICAGO, IL 60606-3417Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-79979096852045020562015-02-20T10:48:01.211-05:002015-02-20T10:48:01.211-05:00What we now know is that Brewer took out a $300K S...What we now know is that Brewer took out a $300K SBA "Patriot" loan; he borrowed $100K from friends and family, and he did a $300K capital raise. <br /><br />That's $700,000 of funds to get this Potbelly going. Is a Potbelly worth this level of investment?<br /><br />For the $100K in loans from friends and family, did Brewer issue promissory notes? If so, those can be considered a security.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-76024033660264582182015-02-20T10:41:12.670-05:002015-02-20T10:41:12.670-05:00Gary, this blog is just about always at the top of...Gary, this blog is just about always at the top of my search results on Brewer.<br /><br />Remember, no person is more than three persons removed from any other person.<br /><br />All that needs to happen is for someone who knows someone to read this blog.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-88743895532043107322015-02-20T10:24:24.210-05:002015-02-20T10:24:24.210-05:00I don't know, Gary, but I hope he continues fr...I don't know, Gary, but I hope he continues frequent visits with his child: no amount of political advancement is worth rending a relationship with a child.<br /><br />As to getting called up, that is a concern, but it's one that the voters will have to assign weight to before casting their ballots.LamLawIndyhttps://www.blogger.com/profile/06039906566586150323noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-19238458601928369652015-02-20T08:16:18.430-05:002015-02-20T08:16:18.430-05:00And I very much appreciate your analysis. It's...And I very much appreciate your analysis. It's the type of digging good investigative reporters should do of people who are seeking to hold important positions in our government. I'm not sure the people who invested will see this blog. Someone is doing a good job manipulating the Google search engine to prevent my blog posts on Brewer from appearing anywhere near the top of hits. That's one of but many times I've noticed blog posts of mine being buried in the search engines.Gary R. Welshhttps://www.blogger.com/profile/15185079937305083438noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-74957692112933273942015-02-20T07:47:22.837-05:002015-02-20T07:47:22.837-05:00Gary, in a private placement, investors frequently...Gary, in a private placement, investors frequently do not complain, because they're embarrassed or have an affinity with the promoter.<br /><br />For this reason, regulators frequently act unilaterally in private placement cases.<br /><br />Anyway, the facts I post and the comments I make are frequently for the benefit of people who read this blog but will never post here.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-3613884287560695482015-02-19T21:49:43.197-05:002015-02-19T21:49:43.197-05:00I would be looking at it much more closely, anon. ...I would be looking at it much more closely, anon. 9:13, if there were investors complaining they were defrauded. We need victims. Because he relied on his family and closest friends to raise this capital, there may never be any complaining parties. Maybe he's got a problem as serious as another restaurant owner in town who regularly appears on Indiana Week In Business. I just don't know. <br /><br />I also think you are misreading part 16 of the SEC Form D he executed. The $4,167 is not stated as a monthly payment to him; rather, it's stated as the amount of the $300,000 proceeds he raised from the private placement offering that is being paid to him as promoter. Gary R. Welshhttps://www.blogger.com/profile/15185079937305083438noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-8509027256659115012015-02-19T21:13:52.899-05:002015-02-19T21:13:52.899-05:00Gary,
The "weeds" are the whole thing, ...Gary,<br /><br />The "weeds" are the whole thing, because nobody understands the weeds, so you can do all sorts of things in them.<br /><br />"Parenting time" is small-potatoes reality-show nonsense that the dimmer minds can grasp and discuss endlessly.<br /><br />Who are the investors in the Reg D? What was contained in the offering materials? What law firm drafted the PPM? Were any offering limits exceeded? Did he promote this himself, or was a broker involved? Were commissions paid?<br /><br />Franchisors want to know where your money is coming from. Did he disclose to Potbelly he was doing a capital raise in addition to the a debt raise?<br /><br />Did you see where he is taking a $4,167 monthly fee for managing the $300,000 capital raise?<br /><br />That's a 17% portfolio management fee. Any decent investment advisor doesn't exceed 2%.<br /><br />This is where the real activity occurs, Gary. Parenting time is "the weeds."<br /><br />Just what are the Reg D investors ultimately getting? What, truly, do they own a stake in?<br /><br />Hogsett, are you or your people reading this? Ask some of your BigLaw securities-law friends in D.C. how the investors have a path to recovery of their investment, never mind investment growth. Is transferring your residence to a LLC contemporaneous with a SBA loan signing and a capital raise kosher?<br /><br />Notice that the investors are buying shares of Crimson Meridian, LLC which is managed by Crimson Capital Holdings, LLC. Brewer has himself well parked behind a few layers.<br /><br />How much of Brewer's time will be spent running the Chicago-based LLC and the local business?<br /><br />Was Brewer offered as a prophylactic to ensure the Republicans wouldn't run anyone serious? He sure looks like a guy who wants to get his name out then go back to his businesses.<br /><br />Hey, Indiana Securities Division, this concerns an Indiana company and an Indiana capital raise. Do you know how to look at these things?<br /><br />The lawyers that do the type of law the public understands get paid a pittance compared to the attorneys who do the work you describe as "the weeds."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-37045792147250760442015-02-19T20:00:22.326-05:002015-02-19T20:00:22.326-05:00Will he be able to make those frequent trips to Ch...Will he be able to make those frequent trips to Chicago for his parenting time if he becomes mayor, Carlos? What if he gets called up for active duty like South Bend's Pete Buttigieg? We're just supposed to have some stand-in mayor for 6 months or however long he's called up for service?Gary R. Welshhttps://www.blogger.com/profile/15185079937305083438noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-38850154958563022352015-02-19T19:31:53.084-05:002015-02-19T19:31:53.084-05:00We're really getting deep into the woods, but ...We're really getting deep into the woods, but he would have to satisfy the safe harbor provisions under Regulation D to issue the type of securities he issued in a private placement offering. The individual purchasers needed to be "accredited investors", who either had a net worth of $1 million or annual income of at least $200,000 and were made aware of the fact that there were restrictions on the resale of those securities. Securities law isn't my area of practice, but I thought the purpose of doing a private placement offering was to raise start up capital for the business in lieu of turning to traditional lenders for start-up capital. I might not want to invest in a start-up company if there was a superior lien on the company's assets right out of the starting gate, particularly if the promoter failed to disclose that fact to me before I purchased equity in his company.Gary R. Welshhttps://www.blogger.com/profile/15185079937305083438noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-63382009061978461412015-02-19T18:54:17.211-05:002015-02-19T18:54:17.211-05:00I'd say making the roadie to Chicago to exerci...I'd say making the roadie to Chicago to exercise parenting time IS a laudable activity.LamLawIndyhttps://www.blogger.com/profile/06039906566586150323noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-48356969547143480712015-02-19T18:26:03.106-05:002015-02-19T18:26:03.106-05:00Fascinating.
It looks like Brewer has done a Reg ...Fascinating.<br /><br />It looks like Brewer has done a Reg D offering on Crimson Meridian. I don't know SBA loans. Can you sell an equity stake in a company for which the SBA is the primary creditor?<br /><br />http://www.edgarcompany.sec.gov/servlet/CompanyDBSearch?page=detailed&cik=0001492883&main_back=17<br /><br />http://www.sec.gov/Archives/edgar/data/1492883/000149288310000001/xslFormDX01/primary_doc.xml<br /><br />His total equity offering is $300K.<br /><br />The facts seem to indicate that Brewer got a $300,000 loan from the SBA and securitized the value of the entire loan.<br /><br />How much shareholder equity can there be in a business venture for which the SBA stands first in line for the entire value of the equity raise?<br /><br />Gary, what do you see here?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-15405366798778032302015-02-19T18:06:19.638-05:002015-02-19T18:06:19.638-05:00Actually, if you click on "MGR" in the I...Actually, if you click on "MGR" in the Illinois search, it lists the addresses of the managers of 2206 LLC:<br /><br />BREWER, HELEN DEAN 635 W BUCKINGHAM PL STE 3W, CHICAGO, IL - 60657<br />BREWER, CHARLES WESLEY 350 N MERIDAN ST #607, INDIANAPOLIS, IN - 46204Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-11599646679056313172015-02-19T17:59:53.880-05:002015-02-19T17:59:53.880-05:00Gary:
Here's his Chicago address: 2206 N. Sou...Gary:<br /><br />Here's his Chicago address: 2206 N. Southport<br /><br />http://chicago.blockshopper.com/property/14321090350000/2206_n_southport/<br /><br />The owner is listed as Charles Helen Brewer.<br /><br />http://chicago.blockshopper.com/property/14321090350000/2206_n_southport/<br /><br />It looks like he took the property out of his personal ownership and assigned it to a LLC he formed.<br /><br />2206 N. SOUTHPORT, LLC<br /><br />The Illinois Secretary of State website lists the 2206 LLC as having an address of 635 W. Buckingham, on other sites listed as Helen's Address.<br /><br />If he assigned the house to a LLC, this move may have reduced the amount of personal assets he had available to be used as collateral for the Potbelly SBA loan.<br /><br />http://cookcountyassessor.com/Property_Search/Property_Details.aspx?pin=14321090350000<br /><br />014 Tax Year Property Information<br />propertyimage<br />PIN: 14-32-109-035-0000<br />Address: 2206 N Southport Ave<br />City: Chicago<br />Township: North Chicago<br />Property Classification: 2-11<br />Square Footage: <br />3,200 (Land)<br />NBHD: 12<br />Taxcode: 74001<br /><br />Assessed Valuation<br /> 2014 Assessor Certified 2013 Board of Review Certified<br />Land Assessed Value 22,400 22,400<br />Building Assessed Value 52,032 52,032<br />Total Assessed Value 74,432 74,432<br />Property Characteristics<br />Estimated 2014 Market Value $744,320<br />Estimated 2013 Market Value $744,320<br />Description Two to Six Apartments, Over 62 Years<br />Residence Type<br /> Two Story<br />Use<br /> Multi Family<br />Apartments<br /> Two<br />Exterior Construction<br /> Frame<br />Full Baths<br /> 2<br />Half Baths<br /> 0<br />Basement1<br /> Full and Unfinished<br />Attic<br /> Full and Unfinished<br />Central Air<br /> No<br />Number of Fireplaces<br /> 0<br />Garage Size/Type2<br /> None<br />Age:<br /> 129<br />Building Square Footage<br /> 1,460<br />Assessment Pass<br /> Assessor Certified<br />Note <br />Parcel Contains One or More ImprovementsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-88035682286885387922015-02-19T17:30:08.689-05:002015-02-19T17:30:08.689-05:00"After two tours in Iraq, USMC Lt. Col. Chuck..."After two tours in Iraq, USMC Lt. Col. Chuck Brewer left the service in 2010 to buy a Potbelly Sandwich Shop franchise in downtown Indianapolis. All he needed was $300,000 to get it off the ground—money he borrowed from Chase with help from the Patriot program. His advice: Come with cash in hand. Even though Patriot loans are backed by the SBA, banks still want collateral to the tune of 25 to 33 percent of the loan value. Brewer ponied up $100,000 thanks to family and friends. While he would have preferred to have that cash as working capital, the bank insisted he keep it on the side as collateral. Patriot can get you a speedy loan, but you’ll still need to put skin in the game. "<br /><br />http://www.nfib.com/article/?cmsid=63818Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-24252772858101396212015-02-19T16:46:05.964-05:002015-02-19T16:46:05.964-05:00"Crimson Circle" might very well refer t..."Crimson Circle" might very well refer to his Harvard colors from his New England heritage, but every coincidence needs to be researched.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-69168901771147142912015-02-19T16:07:41.126-05:002015-02-19T16:07:41.126-05:00Only one is representing the "family values&q...Only one is representing the "family values" party though. We must hold him accountable to their own standards!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-83090370649840419942015-02-19T13:28:23.291-05:002015-02-19T13:28:23.291-05:00According to his former general manager, Sarah Hoy...According to his former general manager, Sarah Hoyt, Brewer spends a lot of time in Chicago exercising his parenting time with his son and battling his ex-wife in court over child support/custody issues. I did look at the court docket in Cook County about a month ago. It's ugly for everyone but the attorneys who are making off well from the ongoing disputes that have dragged on for the past five years, replete with protective orders, orders to turn over funds, order for psych evaluation and so on. A trial on one disputed matter was originally scheduled for early March but was vacated on the motion of Brewer's attorney. It's my understanding he still maintains a residence in Chicago where he stays when he's spending time with his son. Gary R. Welshhttps://www.blogger.com/profile/15185079937305083438noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-88028302553403901852015-02-19T13:20:16.476-05:002015-02-19T13:20:16.476-05:00Haven't the Republicans beat us over the head ...Haven't the Republicans beat us over the head that "Chicago politicians" are a bad thing?<br /><br />He obviously a puppet for developers that like welfare.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-74992214653163581412015-02-19T13:00:51.735-05:002015-02-19T13:00:51.735-05:00I found an Indiana connection to one of Brewer'...I found an Indiana connection to one of Brewer's Chicago businesses.<br /><br />One of the websites associated with Big Meadow is sarahshomepage.com.<br /><br />Research that page, and you'll find it was connected to a realtor named Sarah Waddell from Greenwood.<br /><br />The page has since been abandoned.<br /><br />After researching what Brewer is into, I'm not sure whether the Potbelly is just a insertion point into the Indianapolis real estate market.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-68369924509114088642015-02-19T12:45:26.915-05:002015-02-19T12:45:26.915-05:00Look up the Chicago entities
CW Brewer
Big Meado...Look up the Chicago entities<br /><br />CW Brewer<br /><br />Big Meadow Design<br /><br />Both of 900 West Fullerton, Suite 2H<br /><br />Great, Brewer is an East Coast guy with a History degree from Harvard.<br /><br />He's spent time in Chicago, and it seems he's part of the Chicago wave moving to Indianapolis to take it over.<br /><br />At least the food is getting better in Indy (Potbelly not included).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-3069727446206019372015-02-19T12:04:53.285-05:002015-02-19T12:04:53.285-05:00Are we allowed to cheer and boo at this hearing, l...Are we allowed to cheer and boo at this hearing, like at the sporting events most of these fraudsters force down our throats through taxation? We'll call Chuck the Patriots since he is a cheater and Jocelyn the Indians (been here longer and with less tax dollars than the Baltimore Irsays).Eric Morrisnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-14319615699729347782015-02-19T11:49:04.955-05:002015-02-19T11:49:04.955-05:00The Election Board needs to subpoena rent and mort...The Election Board needs to subpoena rent and mortgage checks from Brewer, the apartment complexes and lenders. Both sides need to be subpoenaed.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-74404529702187848122015-02-19T11:46:33.075-05:002015-02-19T11:46:33.075-05:00Gary:
Look up this Cook County domestic relations...Gary:<br /><br />Look up this Cook County domestic relations case:<br /><br />2004D007387<br /><br />Is this our Chuck? The case required military service and military calendaring.<br /><br />Also have a look at this page:<br /><br />http://chicago.blockshopper.com/search?classes=Sale&q=Charles+W+Brewer<br /><br />And this:<br /><br />http://www.whitepages.com/name/Charles-W-Brewer/Chicago-IL/4i91ehp<br /><br />If this is our Chuck, he enjoys the buying and selling of properties.Anonymousnoreply@blogger.com