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Author: booyaka Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 33  
Subject: Re: logistics Date: 4/29/1999 5:23 PM
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1: (settled on 4 people for now)

2: $25/month at least due on the 1st of every month (we can go up from $25
to $75 and then back down to $50 - correct me if I'm wrong)

i think so, but since shawn is treasurer, he should reply b/c he'll need to
keep track of it if it gets complex.

THIS IS A YES UNTIL AND UNLESS SHAWN OBJECTS.



3: We buy out equally to maintain equal risk of someone leaving.

i feel buying out people, but with luck our stocks will rocket up and we
won't be able to afford to buy peps out, what then? i don't want to have to
liquidate good stocks to cover, but maybe we figure out how much $$ they
get, then the remaining members get to choose which stocks, how much
needs to be liquidated or who is willing/able to buy them out (maybe we'd
all chip in)

THIS IS ALSO A YES (on equal buy-out) but as Jaasi points out we might not have to "buy-out" someone at all if we liquidate stock, or someone from the group is willing to buy-out the necessary amount of stock. Jaasi's idea about the group picking the stock to be liquidated, if any, is a good one. I just meant that if ALL ELSE FAILS, we should share risk by "chipping-in" equally for a needed buy-out as opposed to sticking to then current percentages of stock owned per person. Giving stock itself (while choosing which stock) as compensation to the departing member is another option to avoid an actual cash buy-out.

4: We invest with consistent (possibly unequal) percentages from jump and
stick with it. So if Jaasi invests $100 in a stock while Brian invests $50,
they have to maintain that 2 to 1 ratio? THIS IS THE ONLY ISSUE
DISCUSSED SO FAR WE REALLY NEED TO IRON OUT NOW

again, i wouldn't think so but shawn should answer. i'd like to be able to
have a minimum (say $50 for me) then be able to invest more next month if
i like the stock.

SEE #2, IT's a No (meaning we can invest more or less in a particular stock without maintaining past ratios as time goes on) unless and until Shawn objects.

Now Let's Produce Some Capital!!!
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