Honorable Barry Russel, United states Bankruptcy Judge

TO THE HONORABLE BARRY RUSSELL, UNITED STATES BANKRUPTCY JUDGE, the undersigned creditors of Ezri Namvar (Namvar) and Namco Capital Group, Inc. (Namco) submit the following opposition to the proposed motion to establish sale procedures for the sale of the commercial office building located 12121 Wilshire Blvd., Los Angeles, California, (the Property). The creditors of both Namvar and Namco do not have the resources at this time to retain an attorney to represent their interests, but they feel very strongly that the Court be made aware that the creditor body of these two Bankruptcy Estates oppose the efforts of R. Todd Nielson, the Trustee for Namvar, to sell the Property. Attached to this opposition is a petition that has been circulated amongst the creditors of these Estates protesting the sale of not only the Property, but of all other assets of these estates. The Creditors intend on supplementing the signatures they have gathered at the hearing on this matter and submit them to this Court for consideration of the sentiments of the creditors.
By filing this opposition, it is the intention of these creditors to be allowed to address the Court at the hearing on this motion and express their opposition.


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PETITION TO HONORABLE BARRY RUSSEL,
UNITED STATES BANKRUPTCY JUDGE

March 21, 2010



We, the undersigned Unsecured Creditors of Namco Capital Group Inc. (bankruptcy number case # LA-08-32333-BR) and/or of Ezri Namvar (bankruptcy number Case # LA-08-32349-BR), hereby request you to instruct Mr. Todd Neilson and Mr. Brad Sharp, the trustees of these estates to immediately cease any sale of assets and/or conveyance of any interests in related LLCs to any of the partners involved and/or to third parties, ie.Wientraub, Torkian, Boucherian and/or others.

It has come to the attention of the Unsecured Creditors as a whole that the trustee of the Namvar estate has filed a motion with the court to sell perhaps the most valuable asset of the estate, the Wilshire Bundy office building.

The trustee of the Namco Estate has filed a global settlement with Mr. Weintraub in various LLCs which he is a minority partner.
With the utmost respect for the Honorable Judge, neither of these transactions nor any other transactions must take place.

Dear Honorable Judge Russell, please take into consideration the fact that hundreds of families have their total life savings tied up in these properties ,as a result of Mr. Namvar's business dealings. It is morally wrong and not in spirit of justice to throw away life savings of hundreds of hard working families in the current economic conditions. As a result of the hasty sales and transfers that are taking place, any and all monies that could be better recovered at a more opportune time is in complete jeopardy of complete loss.

The undersigned creditors are willing to wait for better economic market conditions in order to obtain a higher sales price especially the Wilshire Bundy property.
We, the Unsecured Creditors are well aware that a substantial part of the cash proceeds from the sale of the Wilshire Bundy property would go towards the payment of taxes, since all LLCs have exchanged at low cost basis. We are also aware that substantial part of the proceeds would go towards the payment of the outstanding and exorbitantly high bills of the professionals. With the utmost respect, these sales and/or transfers are a travesty of justice.

It is incumbent upon both trustees to work with one another as well as with the Unsecured Creditor body and the committees in order to increase the equity in any and all related properties, reversing any and all fraudulent transfers, stopping the sale or the foreclosure of any and all properties until which time there is a Plan of Reorganization for both Estates is submitted.

RESPECTFULLY YOURS