22/07/2021
*Minutes of the Monthly General Meeting which held on the18th of July, 2021.*
* The Meeting officially started by *5:15pm* with an opening prayer led by Mr Festus Bake
* The meeting was honoured by five members:
1. *Mr Benjamin Uriesi*
2. *Mr Festus Job Bake*
3. *Mr Friday Akhigbe*
4. *Mr Nurudeen Obabiyi*
5 *Mrs Obanigba Abiola* (new member)
* Mr Benjamin Uriesi welcomed all the members that were present *and encouraged members to be punctual and regular*.
He reiterated that the Meeting is Scheduled for *4.00pm - 5.30pm* so as to give members ample time to return home.
*Matter arising*
*Meeting attendance and monthly equity*
* Mr Benjamin Uriesi encouraged members to *always attend Meetings and to consistently pay their Monthly equity and dues*...
He reminded members that in this month of July the *cooperative first investment will mature* and profits will be reinvested on behalf of those whose Equity contributions were part of the investment.
He went on to say that *the proceeds from our first investment will be reinvested immediately into Bitcoin using the OmegaPro platform.*
* Mr Benjamin Uriesi, speaking on behalf of the Executives said we *intend to invest about $2000 into Bitcoin* with an ambitious ROI projection of between *$6,000 and $20,000 in 14 months* (If speculations are anything to go by)...
The plan is to use the proceeds from all of these investments to purchase our first property before the end of next year.
*Advertisement for the cooperative*
* Mr Benjamin Uriesi encouraged members to *advertise the cooperative and the benefits of joining both on and offline*.
*Financial report*
* Mr Festus Bake stated the financial report as at the 18th of July 2021
* Total Investment thus far = *$2,800*
* Investment & Profits = *$6,496*
* Outstanding Loans = *N135,000*
* Bank Balance = *N27,187*
* Total Asset = *N3,410,097*
* Mr Benjamin Uriesi noted with excitement that our asset has crossed the *N3 Million Naira mark* and requested that the milestone be celebrated with a round of applause.
* Mr Benjamin welcomed Mrs Obanigba Abiola as a new member and told her more about the aims and goals of *Realty Edge Cooperative Multipurpose Society*
*Refreshments*
* Refreshments were served as the meeting was brought to a close.
The meeting ended with a closing prayer led by Mr Festus Bake (the able Treasurer)