Meeting Minutes

1.16.2005


Attendees: Nicholas Sarwark, Leroy Cain, Lynn Shniper, Derek Pomery, Jacob Aaronson
20:02 - 21:05 January 16, 2005
Quorum
It was determined that more than 50% of the members were present, constituting a quorum.

Treasurer's Report
We currently have $5441 in securities and $298 in cash.
In November we received $.60 from DIA, $6.60 from HET, and $.02 interest on our credit balance.
In December $3.87 from DIA, $3.51 from CD, $2.20 from EXPD, and $.02 interest on our credit balance.
Total dividends year-to-date: $59.58.

Stock Presentations
Netflix (NFLX)
Bottom line: No recommendation. Hold.
Independence Air (FLYI)
Restructured debt. Cutting some routes. Opening a route to Las Vegas on March 1.
Bottom line: No recommendation. Hold.
Next Meeting
February 20, 2005 at Nick's house.

Action Items
Derek to research Apple (AAPL). Nick to research ING. Jacob to research the pod coffee company (Senseo).