February 14, 2021
Our broker just received the latest wire sent to them on Friday and will begin purchasing shares from our December buy order. $24,000 was sent and we now have an excess of just over $29,000 in the account. This means that people adding to their blocks or new members joining will be invested the day the funds are received and will not be waiting until the funds are available in the trading account to be considered invested. I will continue to send funds over when that balance gets below 3 – 5 thousand and allowing as many to be invested up to the day the rate changes.
If there happens to be a float (I am highly against believing this is going to happen), we will look at the float amount and make a decision at that time whether or not to keep this investment open to new block purchases or adding to blocks. Since we have no way of knowing what exactly is going to happen, we’ll have to play this by ear and see. No decision has been made as to a specific rate at which we will close further investments.
We will likely pay out dividends through electronic checks which you will print and deposit. As we are getting more and more foreign accounts, paying out through ADP or another similar service will require multiple avenues of distribution which will slow down distributing dividends. Paying through Deluxe eChecks will be relatively fast and is also very secure. A final determination will come once we have an idea where we stand with the actual need for distribution.
There is far too much uncertainty to be sure how everything is going to work or what to expect. We remain ever hopeful for this event to quickly come to fruition. No matter what you are hearing, please remain grounded and know that whoever may call for this event to take place on a specific date or at a specific time is only their guess, so don’t let their being wrong (which happens far more than anyone wants) stress you out or give you any anxiety that it is never going to happen. Have faith and it will happen when it happens. No guru can change that or predict it with any certainty.