Hi Caleb, Thanks for the information. I'll wait for the report from the Committee.
However, in view of the fact that we keep on getting new members to the net every now and then, it might be good if you could clarify the difference, if any, between this (Investment Club pay) and the earlier issue of membership fee for the WNN. I suppose the two are different and go to different accounts, right? Maandera On Tue, Jan 25, 2011 at 11:31 AM, Caleb Alaka <calebal...@yahoo.com> wrote: > Dear Maandera, > > The suggestion for 100,000 quarterly was just muted but not yet adopted. > Some Members suggested that it should be 100,000/= per month say for two or > three years. The fund will have an investment manager who will be an > investment advisor. The committee is seating tomorrow to fine tune, its TOR > which will be discussed and approved by the Forum. > > --- On *Tue, 1/25/11, Maandera <ibmaand...@gmail.com>* wrote: > > > From: Maandera <ibmaand...@gmail.com> > Subject: Re: [WestNileNet] Science Cafe & Birth of West Nile Foundation > Investment Club > > To: "A Virtual Network for friends of West Nile" <westnilenet@kym.net> > Date: Tuesday, January 25, 2011, 5:40 AM > > > Hi All, > > I have browsed the ideas shared on this net on the Investment Club. Since I > am among those who missed the Science Cafe presentation, I have two requests > to make. I suppose the first one is part of the report. All the same let me > pre-empt it. > > 1. *About the quarterly payment*: Does it go on forever or is there a time > period e.g 2 years, etc when one pays this 100,000/= quarterly? What happens > when one defaults payment in one or two quarters? > > 2. *About the venue for the Science Cafe* -- if it does not infringe on > the privacy and security of our hosting brother, may I request that a > "how-to-get-there" direction is posted for those who are not familiar with > K'la or Naalya for that matter? I might not be the only one in Jerusalem who > does not know the place. It would be nice if you could kindly provide > options for those of us who use public means, including boda-bodas and those > who use their own vehicles. > > I must appreciate the fact that this time members have some video recording > of the presentation. I remember requesting this towards the beginning of > these Cafe presentations. No one even commended on it. I still think for > documentation purposes, recording these events are useful. > > Thanks for all your efforts. > > Maandera > > > On Mon, Jan 24, 2011 at 9:40 PM, Caleb Alaka > <calebal...@yahoo.com<http://mc/compose?to=calebal...@yahoo.com> > > wrote: > > > > --- On *Mon, 1/24/11, Caleb Alaka > <calebal...@yahoo.com<http://mc/compose?to=calebal...@yahoo.com> > >* wrote: > > > From: Caleb Alaka > <calebal...@yahoo.com<http://mc/compose?to=calebal...@yahoo.com> > > > Subject: Birth of West Nile Foundation Investment Club > > To: "A Virtual Network for friends of West Nile" > <westnilenet@kym.net<http://mc/compose?to=westnilenet@kym.net> > > > Date: Monday, January 24, 2011, 5:49 AM > > > Ladies and Gentlemen, > > As you are absolutely aware, one of our objectives as stated in our > memorandum and articles of association is to venture into a collective > investment scheme. The same is also reflected in our strategic Plan. Good > news, Yesterday, during the science cafe under the tutelage of our able > sister Christine Munduru, Our own investment expert Denis Aliga together > with our ebullient elder Geoffrey Onegi Obel who is the God father of > Capital Markets in Uganda made a breath taking presentation on collective > investment schemes. Members then resolved to move forward and as a result > the Committee on the WNFIC was formed. The members of the committee are the > following: > 1. Chairperson Richard Okuti Borao > 2. Vice Chairperson Adiga Jimmy > 3. members Alemi Kenyi William, Akille Igu Rocks, Adukule Winnie, Azabo > Francis, Abati Nickson. Azabo Francis is the treasurer, meanwhile Denis > Aliga is the Investment advisor and Caleb Alaka is an ex-officio by virtue > of his position as the President. Members also agreed that the committee > formulates its TOR, and members are urged to contribute a minimum of 100,000 > per each three months to the scheme, the funds will be managed by a fund > manager registered and approved by the capital markets authority. > > > > -- > This message has been scanned for viruses and > dangerous content by *MailScanner* <http://www.mailscanner.info/>, and is > believed to be clean. > > _______________________________________________ > WestNileNet mailing list > WestNileNet@kym.net <http://mc/compose?to=WestNileNet@kym.net> > http://orion.kym.net/mailman/listinfo/westnilenet > > WestNileNet is generously hosted by INFOCOM http://www.infocom.co.ug/ > > All Archives can be found at > http://www.mail-archive.com/westnilenet@kym.net/ > > The above comments and data are owned by whoever posted them (including > attachments if any). The List's Host is not responsible for them in any way. > _______________________________________________ > > > > -- > This message has been scanned for viruses and > dangerous content by *MailScanner* <http://www.mailscanner.info/>, and is > believed to be clean. > > -----Inline Attachment Follows----- > > > _______________________________________________ > WestNileNet mailing list > WestNileNet@kym.net <http://mc/compose?to=WestNileNet@kym.net> > http://orion.kym.net/mailman/listinfo/westnilenet > > WestNileNet is generously hosted by INFOCOM http://www.infocom.co.ug/ > > All Archives can be found at > http://www.mail-archive.com/westnilenet@kym.net/ > > The above comments and data are owned by whoever posted them (including > attachments if any). The List's Host is not responsible for them in any way. > _______________________________________________ > > > > -- > This message has been scanned for viruses and > dangerous content by *MailScanner* <http://www.mailscanner.info/>, and is > believed to be clean. > > _______________________________________________ > WestNileNet mailing list > WestNileNet@kym.net > http://orion.kym.net/mailman/listinfo/westnilenet > > WestNileNet is generously hosted by INFOCOM http://www.infocom.co.ug/ > > All Archives can be found at > http://www.mail-archive.com/westnilenet@kym.net/ > > The above comments and data are owned by whoever posted them (including > attachments if any). The List's Host is not responsible for them in any way. > _______________________________________________ > > -- This message has been scanned for viruses and dangerous content by MailScanner, and is believed to be clean.
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