Gurney's Timeshare Owners Inc.

... a not for profit corporation to educate, inform and share information about our resort Gurney's Inn Resort and Spa, Inc

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This site was started by Gurney's Timeshare Owners, Inc. a not for profit corporation to educate, inform and share information about our resort Gurney's Inn Resort and Spa, Inc. It's purpose is to begin the process of organizing the timeshare owners so that we can enforce our rights to full disclosure and obtain an independent board of directors.

Gurney's has one of the most beautiful beaches in the world. Sitting on the deck, listening to the surf, walking on the beach or fishing is restful and relaxing. It's our little bit of paradise at the tip of New York. The indoor pool is a great place to workout and the spa has every amenity imaginable. There's no place like it. It's Gurney's Inn and we love it and hope to enjoy it for many more years to come.

Gurney's Timeshare Owners

We Won! Unofficial Results: Linda - 109,900, Berardino - 20,000

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6-29-11 
Linda has won again in spite of everything they did to shorten her last term. Thanks to  all of you who came out to support her, both at the meeting and by your vote.

They should post the meeting on the website as they did last year, but here are some of my comments.
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Linda's June 27th Election Speech

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It is crystal clear that cooperating with the Monte-Cooper controlled Trust and their two appointed directors is the equivalent of sheep being led to slaughter. We, the timeshare owners, have been unknowingly ensnared (caught) in a web of deceit woven into the very fabric of OUR Gurney's through the total control and stewardship of the Trust for 29 years.ALL of our problems stem from a single source – the Trust's control over Gurney's board of directors by virtue of its alleged ownership of all of Gurney's Class B shares.Let me explain...
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ANOTHER MONTE TRUST CLANDESTINE AGREEMENT

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From: Linda Benjamin, your Class A Director
Date: June 16, 2011
Subject: THE WEB THEY HAVE WOVEN, part II

At the time of Gurney's bankruptcy in 1999, there were 125,000 UNSOLD Gurney's Class A shares. The court “split the pot”, giving the Monte-controlled Trust a future-interest in 62,500 unsold Class A shares and giving the timeshare owners a similar 62,500 shares. Payment for these unsold shares was to occur upon either of two events – (1) the sale of the Gurney's property, or (2) the year 2032.

Sounds equitable, right?

Apparently not to Lola Montemarano and Paul Monte, Trustees of Gurney's Inn Corp. Liquidating Trust and Thomas Carusona, then Vice-President of Limited and now Chairman/President of the Board.

Realizing, post-bankruptcy, the only hold the Trust had over the timeshare owners was their reduced $2,700,000 second mortgage (the“Trust Mortgage”), on May 12, 2005 the three individuals mentioned above entered into the following clandestine agreement:
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PROXY INSTRUCTIONS & PROXY FORM

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JUNE 17, 2011
BELOW ARE THE PROXY INSTRUCTIONS AND OUR PROXY FOR LINDA BENJAMIN AS CLASS A DIRECTOR FOR THE JUNE 27TH  ANNUAL MEETING.  YOU WILL ALSO BE GETTING OUR PROXY IN THE MAIL SOMETIME NEXT WEEK, AS WELL AS A PROXY FORM FROM GURNEYS.  DUE TO THE LATENESS OF THE MAILED PROXIES, YOU MAY WANT TO USE THIS ONE TO BE SURE YOUR VOTE ARRIVES ON TIME.
IT IS NOT NECESSARY TO SEND MORE THAN ONE PROXY, BUT PLEASE FOLLOW THE INSTRUCTIONS WE HAVE ATTACHED.
IF YOU HAVE ANY QUESTIONS OR PROBLEMS PLEASE DO NOT HESITATE TO CONTACT US.
PAT BOFFA, PRESIDENT OF GTO
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WHY CAN'T WE SELL UNSOLD UNITS?

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From: Linda Benjamin, your Class A Director
Date: June 15, 2011
Subject: THE WEB THEY HAVE WOVEN...

It is no secret that the surrender or forfeiture of weeks/units by Gurney's timeshare owners is due to the vastly increased maintenance fees and assessments. It is also no secret that these surrendered/forfeited units revert to non-financially contributing Treasury Stock resulting in the remaining timeshare owners being forced to bear the brunt of deficit caused by the decrease in Gurney's ownership base.

One logical solution to this financial dilemma – RESELL SURRENDERED UNITS!

Why has this not been happening?

The answer is simple: IT WOULD NOT BE IN THE BEST INTEREST OF THE MONTE-CONTROLLED TRUST SINCE THEY OWN 18% OF ALL SURRENDERED/FORFEITED TREASURY STOCK, ALTHOUGH THEY PAY NO PERCENTAGE OF THE MAINTENANCE/SPECIAL ASSESSMENTS ON THEIR 18%.

Allow me to explain.....
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