IraS1@aol.com wrote:
> In a message dated 6/28/2005 9:39:27 A.M. Eastern Daylight Time,
> ripwest@comcast.net writes:
> Ira,
>
> <<
> Personally, I believe this is
> counterproductive. Members who make late
> payments are penalized already by
> owning a smaller share of the profits.
> >>
>
> While I agree with
> you that assessing a late payment fee is not all that
> important, I do take
> exception that late payments will result in members
> owning a smaller share
> of the profits. If there are losses between the
> date of the regular monthly
> payment and the date the offender's
> contribution is credited, the late
> member may actually benefit by the
> delay.
>
>
> Agreed. I like to think positively (that is, the club will be
> profitable).
>
> Ira Smilovitz


thanks for your responses, i do appreciate your input! Tim
Thomas