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Millennium Exploration Co LLC

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Reviews Millennium Exploration Co LLC

Millennium Exploration Co LLC Reviews (9)

Complaint: [redacted] I am rejecting this response because: Regards,This offer side steps the issues brought up in my initial response letter, paragraph 2, again detailing the penalty provision andThe response does not address the fact that a rescission letter should have been provided according to the [redacted] Division of Securities [redacted]

Complaint: [redacted] I am rejecting this response because:***, I have reviewed Millennium’s response to my complaint and have the following comments: In paragraph 1- Mr [redacted] claims that I am aware of how “cash calls and special assessments are handled” This is not true as I would never willingly throw away over $30, I did receive the cash call e-mail, I still have, it, and the attachment does not open I did express concern over another cash call, and calls to [redacted] were not return to me Nothing in the agreement indicates that failure to pay a cash call results in abandonment of the entire investment To the contrary, Page of the JV prospectus and Page (the page following page submitted by Mr [redacted] but not included) again details a 300% penalty I cannot find language in the agreement that states a penalty of total forfeiture of the total investment for not paying a special assessment See attached pages If so, Mr [redacted] , if acting in good faith, would have called me and left a message explaining the dire consequences Not one call, to my home or cell phone, and an invoice could, and maybe should arguably have, been sent by overnight mail In paragraph 4- Mr [redacted] claims that I asked to pay the overdue invoice “months later” This is not true- I have had no communications with Millennium since 5/19/when I reached out to Mr [redacted] via e-mail In paragraph 6- Mr [redacted] states that these rules are in place to protect our valued clients If “I” was treated as a valued client someone would have called me In paragraph 5- Mr [redacted] claims that I am not entitled, “due to timing issues”, the rescission offer that Mr [redacted] is obligated to make to investors, per his agreement with the [redacted] Division of Securities I have confirmed with the State of [redacted] ’s Special Inspector for Security Fraud and Investment that the required, agreed to by Mr [redacted] , rescission offer should have been made The inspector has called Mr [redacted] in the past week and has not received a return call I am glad to give you the name and phone number of the inspector to confirm this statement Regards, [redacted]

We are in receipt of Mr [redacted] ’ response to our letter dated December 1, Please note that Millennium has made a very fair offer to Mr [redacted] in which we credit him for the full amount of his purchaseIt is our intention that Mr [redacted] not suffer a loss despite his violation of our agreementIt is our understanding that Mr [redacted] has rejected this offer.Mr [redacted] claims that there is no verbiage in the agreement stating that these will be a loss of investment if additional assessments are not paidThis statement is incorrect and proof of such verbiage from our agreement was submitted as Exhibit “A” in our previously submitted letterMr [redacted] signed a Subscription Agreement on June 12, in which he consented that he was provided adequate time to review the Private Placement Memorandum, Joint Venture Agreement and Subscription Agreement and has had the opportunity to ask questions, prior to investing in the projectAn executed copy of this document can be furnished upon request.Millennium sends hard copies of invoices if specifically requested by the client, otherwise it is only emailedIt was clear to us that Mr [redacted] received the email since he quickly responded to itHe did not share with us at the time that the email attachment did not open, nor did he request a hard copy for any reasonMr [redacted] did not follow up with a phone call until April at which time he did speak with Mr [redacted] about this invoice.Mr [redacted] is misinformed as to the nature of the rescission offer made to a [redacted] investor under certain circumstancesMr [redacted] ’ transaction does not meet the criteria for the rescission offer and therefore did not receive oneI did speak with MrJoe Burtness of the [redacted] Department of Securities and he has engaged in conversation with our securities attorneyMrBurtness called inquiring about Mr [redacted] ’ interest and Millennium, as always, has been fully cooperative on the matterMrBurtness and the [redacted] Department of Securities have not informed us of any decision granting rescission to Mr [redacted] .It is our strongest wish that we satisfactorily address Mr [redacted] ’ complaintMillennium Exploration, again, wishes to extend an offer to Mr [redacted] where his investment amount of $32,is credited in an upcoming ventureWe feel that, given the circumstances, this is a more than reasonable attempt to make our client happy and do good businessWe hope that Mr [redacted] accepts our fair and final offer

Please see attachedRe: Revdex.com Complaint ID # [redacted] ( [redacted] ) Dear Ann, We are in receipt of Mr [redacted] ’ response to our letter dated December 1, Please note that Millennium has made a very fair offer to Mr [redacted] in which we credit him for the full amount of his purchaseIt is our intention that Mr [redacted] not suffer a loss despite his violation of our agreementIt is our understanding that Mr [redacted] has rejected this offerMr [redacted] claims that there is no verbiage in the agreement stating that these will be a loss of investment if additional assessments are not paidThis statement is incorrect and proof of such verbiage from our agreement was submitted as Exhibit “A” in our previously submitted letterMr [redacted] signed a Subscription Agreement on June 12, in which he consented that he was provided adequate time to review the Private Placement Memorandum, Joint Venture Agreement and Subscription Agreement and has had the opportunity to ask questions, prior to investing in the projectAn executed copy of this document can be furnished upon requestMillennium sends hard copies of invoices if specifically requested by the client, otherwise it is only emailedIt was clear to us that Mr [redacted] received the email since he quickly responded to itHe did not share with us at the time that the email attachment did not open, nor did he request a hard copy for any reasonMr [redacted] did not follow up with a phone call until April at which time he did speak with Mr [redacted] about this invoiceMr [redacted] is misinformed as to the nature of the rescission offer made to a Colorado investor under certain circumstancesMr [redacted] ’ transaction does not meet the criteria for the rescission offer and therefore did not receive oneI did speak with MrJoe Burtness of the Colorado Department of Securities and he has engaged in conversation with our securities attorneyMrBurtness called inquiring about Mr [redacted] ’ interest and Millennium, as always, has been fully cooperative on the matter(over, please) Page of Re: Revdex.com Complaint ID # [redacted] ( [redacted] ) Continued MrBurtness and the Colorado Department of Securities have not informed us of any decision granting rescission to Mr [redacted] It is our strongest wish that we satisfactorily address Mr [redacted] ’ complaintMillennium Exploration, again, wishes to extend an offer to Mr [redacted] where his investment amount of $32,is credited in an upcoming ventureWe feel that, given the circumstances, this is a more than reasonable attempt to make our client happy and do good businessWe hope that Mr [redacted] accepts our fair and final offerRespectfully, [redacted]

Complaint: ***
I am rejecting this response because:
In paragraph Mr*** states: We are in receipt of Mr***’ response to our letter dated December 1, Please note that Millennium has made a very fair offer to Mr*** in which we credit him for the full amount of his purchaseIt is our intention that Mr*** not suffer a loss despite his violation of our agreementIt is our understanding that Mr*** has rejected this offer.I am unaware and have not received any such offer, and therefore have not responded positively or negatively to such
Regards,
*** ***

Complaint: [redacted]
I am rejecting this response because:
Regards,This offer side steps the issues brought up in my initial response letter, paragraph 2, again detailing the penalty provision.  andThe response does not address the fact that a rescission letter should have been provided according to the [redacted] Division of Securities.
[redacted]

We are in receipt of Mr. [redacted]’ response to our letter dated December 1, 2014. Please note that Millennium has made a very fair offer to Mr. [redacted] in which we credit him for the full amount of his purchase. It is our intention that Mr. [redacted] not suffer a loss despite his violation of our agreement. It is our understanding that Mr. [redacted] has rejected this offer.Mr. [redacted] claims that there is no verbiage in the agreement stating that these will be a loss of investment if additional assessments are not paid. This statement is incorrect and proof of such verbiage from our agreement was submitted as Exhibit “A” in our previously submitted letter. Mr. [redacted] signed a Subscription Agreement on June 12, 2012 in which he consented that he was provided adequate time to review the Private Placement Memorandum, Joint Venture Agreement and Subscription Agreement and has had the opportunity to ask questions, prior to investing in the project. An executed copy of this document can be furnished upon request.Millennium sends hard copies of invoices if specifically requested by the client, otherwise it is only emailed. It was clear to us that Mr. [redacted] received the email since he quickly responded to it. He did not share with us at the time that the email attachment did not open, nor did he request a hard copy for any reason. Mr. [redacted] did not follow up with a phone call until April 2014 at which time he did speak with Mr. [redacted] about this invoice.Mr. [redacted] is misinformed as to the nature of the rescission offer made to a [redacted] investor under certain circumstances. Mr. [redacted]’ transaction does not meet the criteria for the rescission offer and therefore did not receive one. I did speak with Mr. Joe Burtness of the [redacted] Department of Securities and he has engaged in conversation with our securities attorney. Mr. Burtness called inquiring about Mr. [redacted]’ interest and Millennium, as always, has been fully cooperative on the matter. Mr. Burtness and the [redacted] Department of Securities have not informed us of any decision granting rescission to Mr. [redacted].It is our strongest wish that we satisfactorily address Mr. [redacted]’ complaint. Millennium Exploration, again, wishes to extend an offer to Mr. [redacted] where his investment amount of $32,408.13 is credited in an upcoming venture. We feel that, given the circumstances, this is a more than reasonable attempt to make our client happy and do good business. We hope that Mr. [redacted] accepts our fair and final offer.

Complaint: [redacted]
I am rejecting this response because:[redacted],
 
I have reviewed Millennium’s response
to my complaint and have the following comments:
 
In paragraph 1- Mr. [redacted] claims
that I am aware of how “cash calls and special assessments are handled”.  This is not true as I would never willingly
throw away over $30,000.  I did receive
the cash call e-mail, I still have, it, and the attachment does not open.  I did express concern over another cash call,
and calls to [redacted] were not return to me. 
Nothing in the agreement indicates that failure to pay a cash call
results in abandonment of the entire investment.  To the contrary, Page 15 of the JV prospectus
and Page 9 (the page following page 8 submitted by Mr. [redacted] but not included)
again details a 300% penalty.  I cannot find
language in the agreement that states a penalty of total forfeiture of the total
investment for not paying a special assessment. 
See attached pages.
 
If so, Mr. [redacted], if acting in good
faith, would have called me and left a message explaining the dire consequences.  Not one call, to my home or cell phone, and
an invoice could, and maybe should arguably have, been sent by overnight mail.
 
In paragraph 4- Mr. [redacted] claims
that I asked to pay the overdue invoice “months later”.  This is not true- I have had no
communications with Millennium since 5/19/14 when I reached out to Mr. [redacted]
via e-mail.
 
In paragraph 6- Mr. [redacted] states
that these rules are in place to protect our valued clients.  If “I” was treated as a valued client someone
would have called me.
 
In paragraph 5- Mr. [redacted] claims
that I am not entitled, “due to timing issues”, the rescission offer that Mr.
[redacted] is obligated to make to investors, per his agreement with the [redacted]
Division of Securities.  I have confirmed
with the State of [redacted]’s Special Inspector for Security Fraud and Investment
that the required, agreed to by Mr. [redacted], rescission offer should have been
made.  The inspector has called Mr.
[redacted] in the past week and has not received a return call.  I am glad to give you the name and phone
number of the inspector to confirm this statement.
Regards,
[redacted]

Please see attached. Re: Revdex.com Complaint ID # [redacted] ([redacted]) Dear Ann, We are in receipt of Mr. [redacted]’ response to our letter dated December 1, 2014. Please note that Millennium has made a very fair offer to Mr. [redacted] in which we credit him for the full amount of his purchase. It is our intention that Mr. [redacted] not suffer a loss despite his violation of our agreement. It is our understanding that Mr. [redacted] has rejected this offer. Mr. [redacted] claims that there is no verbiage in the agreement stating that these will be a loss of investment if additional assessments are not paid. This statement is incorrect and proof of such verbiage from our agreement was submitted as Exhibit “A” in our previously submitted letter. Mr. [redacted] signed a Subscription Agreement on June 12, 2012 in which he consented that he was provided adequate time to review the Private Placement Memorandum, Joint Venture Agreement and Subscription Agreement and has had the opportunity to ask questions, prior to investing in the project. An executed copy of this document can be furnished upon request. Millennium sends hard copies of invoices if specifically requested by the client, otherwise it is only emailed. It was clear to us that Mr. [redacted] received the email since he quickly responded to it. He did not share with us at the time that the email attachment did not open, nor did he request a hard copy for any reason. Mr. [redacted] did not follow up with a phone call until April 2014 at which time he did speak with Mr. [redacted] about this invoice. Mr. [redacted] is misinformed as to the nature of the rescission offer made to a Colorado investor under certain circumstances. Mr. [redacted]’ transaction does not meet the criteria for the rescission offer and therefore did not receive one. I did speak with Mr. Joe Burtness of the Colorado Department of Securities and he has engaged in conversation with our securities attorney. Mr. Burtness called inquiring about Mr. [redacted]’ interest and Millennium, as always, has been fully cooperative on the matter. (over, please) Page 1 of 2 Re: Revdex.com Complaint ID # [redacted] ([redacted]) Continued Mr. Burtness and the Colorado Department of Securities have not informed us of any decision granting rescission to Mr. [redacted]. It is our strongest wish that we satisfactorily address Mr. [redacted]’ complaint. Millennium Exploration, again, wishes to extend an offer to Mr. [redacted] where his investment amount of $32,408.13 is credited in an upcoming venture. We feel that, given the circumstances, this is a more than reasonable attempt to make our client happy and do good business. We hope that Mr. [redacted] accepts our fair and final offer. Respectfully, [redacted]

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