Post by Explorer 1 on Jul 25, 2013 13:36:40 GMT -8
OK let's get this closed and move on! 
The cash on hand from the sale and petty cash left over is $2,768.00.
Each share of ownership (10) is worth $276.80.
However, we have all the bills (which I paid along the way) which are still owed. They come out to a total of $1,378.00. This includes the money owed to Ryan for the tags renewal (minus the refund from the insurance when we sold the vehicle).
So each owner's share owes $137.80 if your staying in. If you cashing out I would subtract what you owe from you share and give you a check.
I'm sure some of you want to cash out, as of now the only one for sure I know who is out is Neil, so I'm writing him his check.
Now I'll give you until next Thursday, August 1st, to bring your account current ( that means pay what you owe) or I'm just going to write you a check for your balance and you will be cashed out.
Once we has those who still want to stay in we'll look for the next project vehicle.
Thanks and sorry this has taken so long.
I'll have all the paperwork here for your review.
Fred
Explorer 1
The cash on hand from the sale and petty cash left over is $2,768.00.
Each share of ownership (10) is worth $276.80.
However, we have all the bills (which I paid along the way) which are still owed. They come out to a total of $1,378.00. This includes the money owed to Ryan for the tags renewal (minus the refund from the insurance when we sold the vehicle).
So each owner's share owes $137.80 if your staying in. If you cashing out I would subtract what you owe from you share and give you a check.
I'm sure some of you want to cash out, as of now the only one for sure I know who is out is Neil, so I'm writing him his check.
Now I'll give you until next Thursday, August 1st, to bring your account current ( that means pay what you owe) or I'm just going to write you a check for your balance and you will be cashed out.
Once we has those who still want to stay in we'll look for the next project vehicle.
Thanks and sorry this has taken so long.
I'll have all the paperwork here for your review.
Fred
Explorer 1