RE: Front Sight bankruptcy (November 3, 2022)

Dear Ladies and Gentlemen:

My name is Greg Raven and I am an unsecured creditor of Front Sight. I have filed Proof of Claim #52-1 in this case. (Note that docket filings 442 and 444 misstate my name as Gary Raven, even though acknowledging my claim as Greg Raven.)

I was a member of Front Sight for many years and bought/upgraded my membership(s) in Front Sight because of the many benefits that Ignatius Piazza promised to me in his incessant e-mails, including explicit promises that I would soon play a role in administering Front Sight, and eventually would become an owner of Front Sight in proportion to the number of memberships, course certificates, FS Bucks, various loyalty points, etc. He made these promises to me and other Front Sight members multiple times. Most of these promised remain unfulfilled.

Now I see in the Debtor’s Second Amended Chapter 11 Plan of Reorganization that Mr. Piazza and the Debtor have allocated only $3 million to the entire class of unsecured creditors (which currently has monetary claims exceeding $1 billion) and, unbelievably, states that the $3 million will be used to FIGHT our claims. In short, we, the unsecured creditors will likely receive nothing given that Mr. Piazza is among the most deceptive, vindictive, and litigious persons I have ever encountered. More importantly, perhaps, is that the Plan includes the following outrageous conditions:

• Mr. Piazza will receive $7 million over 10 years through an irrevocable Consulting Agreement that still has not been disclosed even though the voting date is less than one week away. This is nothing more than a backdoor way for Mr. Piazza to extract equity ownership benefits from a company that he intentionally drove into bankruptcy.
• Mr. Piazza is not being held to account for the tens of millions of dollars in fraudulent transfers that he engineered in the years before the bankruptcy filing because the new owner of Front Sight (PrairieFire) has agreed with Mr. Piazza NOT to prosecute those claims.

I vehemently oppose the approval of the Plan and urge the Unsecured Creditors Committee, the U.S. Trustee, and the Bankruptcy Court to reject the Plan.

Sincerely,

Greg Raven, Apple Valley, CA

Sent to: [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected]