From EcoReality

Recent Happenings

Here are some highlights of recent meetings and events. Click any entry for details.

Saturday 26 April 2008: Member's Meeting 

AGREED: Shannon is new group process steward, and will create a page for that role and begin planning and supporting group process activities.

Friday, 4 April 2008: Members' Video Conference 

AGREED: EcoReality will freeze sales of Class A investment shares until after the liquidation of Sharp Road. Additional funds required to purchase Nightingale will be written as short term, interest-free loans, to be automatically converted to Class A shares upon liquidation of Sharp Road. (If an individual's loan plus their outstanding Class A share balance at that time is less than $10,000, the loan will not be converted to Class A shares, but will remain as a loan with the same redemption terms as Class A shares, in accordance with Rule 21.2.2 in our bylaws.) Due to the need to balance the books when Sharp Road is sold, a stock split will be required, affecting all shareholders as of that date. This proposal ensures that equity from new investors, as well as additional investment from existing investors, will have the same par value as that of original investors.

Saturday, 29 March 2008: Members' Meeting 

AGREED: Provisional member added as new member class, with no decision blocking rights for six months.

Friday, 7 March 2008: Member's Video Conference 

AGREED: Time that Jan and Carol put into the purchase of 2152/2172 Fulford-Ganges Road, whether the purchase is ultimately successful or not, will be "banked" for use in the future.

Saturday, 23 February 2008: Member's Meeting 

Annual report 2008 released in preparation for AGM.