Diversity Investment Group Minutes of the Meeting

In attendance: Ron Kozak, Mike Wall, David Jones, Todd Fibus, Brian Alexander, John Brock, Andy Bain, Steve Shockly, Tom Saunders, Peter Carnell, Roger Drury, David Robinson, David Brodeur, Holly Deveny.

Absent: Larry Corse (David J. has proxy), Vreni Ludin (Tom has verbal proxy).

The minutes were approved for last month.

Visitors: Marcia Ratka, guest of Holly.
Tom reviewed the DIG Valuation Statement.

Unit Value is $20.44 by end of January.

Portfolio is pretty flat from the last month.

To invest tonight: $2,380.

David B: Amending the Partnership Agreement. David proposed that the payout be made to resigning members be made within 30 days, rather than current 10 days. Motion was seconded and approved by DIG members.

The partners present unanimously approved the following amendment to our Operating Procedures. Add the following:

"The valuation statement provided at the monthly meeting will be considered provisional, pending receipt of the printed brokerage statement for the prior month. The final monthly valuation statement will use the closing prices of stocks as listed on the printed brokerage statement received by US mail."

Elections:

Andy Bain elected as President.

Holly Deveny elected Vice President.

Tom Saunders re-elected as Treasurer.

David Robinson re-elected as Secretary. Russ Douglas volunteered to be Asst. Secretary.

VP Corner, Roger:
Tonight's presentations:
Roger and David R.

March's presentations:
David B. Andy, Steve

John Brock suggested giving presentations as a "challenge" to the strong holdings we currently hold.
Todd suggested giving presentations on an "industry" as a whole. Other suggestion…also we could have several presentations on companies within an industry.

David R gave a presentation on OCA…Orthodontic Centers of America.
Shopping mall concept (like LensCrafters) for Orthodontic services.
Current price of $22.80 is in the BUY. Buy up to $27.16.

John discussed ADC Telecom. Volatile stock but great upside potential….very low price right now.

David B. took a straw poll of votes for stocks the members would be interested in.

Motion to buy ADC Telecom was seconded. Motion carried to spend tonight's funds on ADC Telecom.

Roger presented DeVry, Inc. Practically no debt. Great job of recruiting. Great job expanding. Additional education seen as a necessity due to "shelf life" of an education. People go through 5 careers during their life.
Current price of $37.14 is in the HOLD zone. Buy up to $34.77.

(Tom reported that $1,375 was collected this evening.)

Meeting adjourned.

Minutes respectfully submitted by David Robinson

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