Difference in units
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Difference in units Our club just joined with bivio this past January. We were an already established club with equal partners, so we all have the same number of units. A new member recently joined and wanted to be a full member. On the day she gave me her check, I figured out the units and the amount she had to pay the club. It took me a few days to deposit her check, and in the interim the market rose. She now has fewer shares than the rest of us, and therefore, the value of her portion is a few dollars less than the rest of us. Can we equalize her shares? I realize that if the market had gone down, she would have had more units What do other clubs do in like circumstances? I'm sure we are not the first club to experience this. |
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