Sale of Strathmore club upsetting to bondholders

To our surprise, we read in the Independent that the Strathmore Bath and Tennis Club was being sold. Having been bondholders since 1963, how come were were never contacted by the board concerning the sale, nor has our bond ever been repaid? Therefore, we are still owners of the club.

We have written to Lori Gleason, the president of the club, April 14, but have not received a reply to our letters.

As bondholders, we are entitled to know the details of the sale and how any proceeds will be disbursed.

How can the club be sold without a majority vote of all the bondholders?
Nancy and Ernest Braca
Smithville
Velia and Phil Bauso
Manasquan