Sunday, February 8, 1981 High 30 low 20 Snow showers AM Sunny PM Windy
Worked on check writing – conceived plan for Judy to buy Hemmerlys with initial cost of about 15,000- I would finance or rather corporation would & she would buy assets for $125,000. @ 10% interest. She would pay for it with what my present salary is – first year. Int $11,000 – Principal $12,000. As interest declines each year if would give her about $1,000 a year raise. Payout about 10 years. She could setup new depreciation schedules & organize either a partnership with Greg or a corporation – selling shares to employees to raise money.
Wrote guidelines for new Ad Hoc Committe for meeting tomorrow with prospective committee members.
Wrote Walt.