InvestorsHub Logo
icon url

belmontx

03/01/10 5:14 PM

#1914 RE: grongron50 #1913

The cost of thinning was not included in the purchase price of investors' trees but, rather, it was to be deducted from the proceeds of each thinning so that no out-of-pocket cost was to be incurred by the investor. Because the company is apparently not proceeding with the thinning necessary for the health of the purchased trees the present proposal by Jan is that, with proper safeguards, we advance this cost to TATF so as to get the thinning initiated. (In effect, this would not be a repayment as I stated in my last post).

Two problems with this approach are evident: how to ensure that the funds would be used solely for thinning of the participating investors' trees; and, as you pointed out, how to determine the actual costs for this work

belmontx