Club commitment was discussed. Ike questioned where we wanted to be financially speaking. Should we expand into real estate or mutual funds?

Gay expressed a need to spend more time learning about the SSG and stocks.

The mission statement of the club was addressed as well as the need to set aside petty cash in the operating budget.

Starting the meeting on time was brought to the forefront. It was also noted that members should take it upon themselves to reach out to fellow WIG members who may be more knowledgeable, for help.

Renee expressed the feeling that her personal expectations have been met. Articles we passed out which covered re-examining data when choosing a stock.

Zandra expressed the fact that she felt we were where we should be from an educational point of view and that the growth of our stocks would become better. She recommended that we write the SEC and Congress as a group to express our concerns and dissatisfaction with the behavior of large corporations involved in the stock market.

Greg stated that he would like to see the SEC police the investment industry with specific guidelines.

The question was posed, “Does anyone know how to invest in real estate or mutual funds?”

FINANCIAL REPORT: The target of the club is to earn 15% within 5 years. We received a dividend check from JNJ in the amount of $1 7.43.

Stock Updates:

CAKE	- up $35.40
JNJ	- down $52.26
BBBY	- up $37.15
ADCT	- down $2.29
NOKIA	- down $14.48
PFIZER	- down $35.00
Factset	- down $29.70
GE	- down $29.00

STOCK CONTEST: Gay is presently winning with 34.68%. The person with the largest percentage gain will win the contest.

The new partnership agreement will be posted on the website. Some areas of the partnership agreement were changed and others omitted. Voluntary termination was one of the areas that had been changed. Bring comments to the next meeting.

The subject of new officers was discussed. The specific roles for each officer are stated in the by-laws, but not the length of each term. All officers should not be changed at one time. Members were urged to consider what role/office they would like to hold in the future.

A Valueline subscription is $500.00 per year. A trial subscription at the cost of $65.00 for 10 weeks was taken by a few members. Those who took the trial offer were offered a 1 year subscription for $299.00. The group voted to make the purchase. The question of how the subscription would be paid for was raised. WIG will pay for the subscription.

The group voted to purchase Krispy Kreme shares if the stock splits. It is preferred that the paperwork, (stock analysis, stock checklist and SSG) be completed even if the stock does split.