First I have to thank you for the service you provide investment clubs.
Ours started out as kind of a joke in April of 2009 when we saw how many
stocks that appeared to be excellent investments at unbelievably low
prices. We ran a screen on all those under $10 a share and with over $20
billion in sales. There were 70 plus stocks on the final list. We did
more research and picked what we thought were the 30 highest quality
companies. At those prices we were able to buy a 100 shares in each. Of
course our biggest gains were in the 24 months or so after our purchases.
Then we experienced a few flat years, and now are growing again along with
the market.

My point is none of this could've been done if we hadn't found Bivio after
an Internet search. I don't have the knowledge, or time to do all the
things you guys do to facilitate our operation. If I hadn't found Bivio,
I wouldn't have started the club. So, thank you again. We don't have a
large fund, we started with $27,300 and have grown to about $64,000. Along
the way we've done some culling, and added stocks that we liked. This
first person of our original 13 partners to cash out is my youngest
daughter. The project has made me something of a minor "expert" or "hero"
to my family. It's been a social experience too, we set up an investment
committee, and the four of us get together for dinner and some stock
picking 3 or 4 times a year.

The other thing I did to keep things manageable was to limit partners'
meetings to once a year. We do almost all communication, including voting
by email.

Sorry for the lengthy memo, but I wanted to be sure you knew how much your
service is appreciated!