Meeting Minutes

6.12.2005


Attendees: Nicholas Sarwark, Leroy Cain, Lynn Shniper, Derek Pomery, Janelle Kihlstrom, Esther Whieldon
20:10 - 20:55 June 12, 2005
Quorum
It was determined that more than 50% of the members were present, constituting a quorum.

Treasurer's Report
We currently have $5561.79 in securities and $742.59 in cash.
Since last meeting we received $0.52 from DIA, $6.60 from HET, and $0.09 interest on our credit balance.
Netflix showed strong price growth since last month.
Proxy Statements
Independence Air - Voted in favor of a reverse split, reelection of directors, and approval of KPMG.
Member Issues
Leroy has not yet rescinded Irma's membership.
Voted to approve Esther joining the club.
Next Meeting
July 24, 2005 at Nick's house.

Action Items
Esther researching Whole Foods.
Leroy to do charts for the portfolio.