Cosmopolitan Toastmasters

                   Cosmopolitan Investment Club Meeting Minutes, JUNE 2020

DoubleTree Hotel, Bloomington *  6:30 - 8:30p * 3rd Monday's * $20 dinner meeting

The DT Hotel dining is still closed, so we met online with the ongoing help of Lloyd Mielke who provided us with access to the Cisco Webex Meeting Application.  Later, Lloyd was also elected Club Education Partner Lloyd (CEPL). note: sounds like steeple.

Open:  Club President George Heim dropped the gavel and began the meeting at 6:30 p.m. sharp.  We ultimately had a quorum thanks to a proxy from Pat Stahl, who showed up a bit later.  There still seems to be some confusion as we get used to the Webex system.  These apps work best on a desktop or laptop. Using smartphones is more difficult.  President Heim introduced his guests, Ed VanCampenhout along with Ed's son.

Roll call:  With a quorum (over 50% ownership) were represented, so we were able to conduct business, without counting proxies.  note: David Mitchell explained that if a quorum is present, absent members have no voice whatsoever.  Proxies don't matter, unless we have less than 50% in physical presence.  Is this true? 

Special Orders:  There were none.

Meeting Minutes:  Sam read the May meeting minutes, but only the new business section.  note: We could save some time here, by everyone reading these minutes online on meeting day.

Treasurer's Report:  Jerry Doffing, as usual, read the comprehensive monthly treasurer's report:  Since Jerry sends the Treasurer?s report to all members, I have dropped repeating it here.

Please check your contributions since 1/1/20. If you have not made the required minimum contribution of $500.00 annually, consider making that at our next meeting. 

Membership:  We are currently at 18 members with room for 2 more.  Sadly, Education Partner John Drewitz  has dropped out of the club.

Current Holdings:  Jerry, performed his analysis of our current holdings, recommending buy, sell and hold ratings to each.  He later made a motion to modify our agenda to enable motions on our current holdings before thebreak followed by new business. Here's what took place:

Jerry moved to sell our 85 shares of AMD at market, then buy 200 shares with a buy-limit at $50.69.  Then sell the 200 at a sell-limit at $56.69.  If triggered, set another buy-limit at $50.69 again. When the confusion subsided, the motion passed.

Jerry moved to purchase another 100 shares of PAWZ at market ($52.87) based on Sam's wonderful presentation.  However, Sam argued we should buy the stock with a buy-limit of $50.50, which is its 4-week MA.  Not impresssed the club voted to buy at buy-limit $52.69.

Drunk with power, and playing channels, Jerry then moved to sell our UNH at sell-limit $307.69, if it rises that high, then buy back at $288.69.  Then sell it again if it rises to $307.69.  That too passed, with David Mitchell visably squrming in his seat.

Finally, Jerry moved to change our buy-limit on LULU from an insane $220.69 to $298.69 if cash is left after our trades are completed.  This also passed. 

Watch List:  What watch list?  There ain't no stinkin' watch list.  Why not?

Education Report:  There wasn't any education report. We elected Lloyd Mielke as our new Education Partner. Please support Lloyd by volunteering to give a 5-7 minute education lecture on any subject related to investing.  Just once every 2 years will do.  For example, the club could use a refresher on how "buy/sell limit-orders work and how buy/sell stop-orders work.  Lets stop assuming everyone understands all of this stuff.

Stock Presentations Outline:  Your stock presentation should contain 3 elements:  1) some basic fundamentals, 2) discuss the chart looking for standard and/or unique patterns, and finally 3) offer the story (no numbers or charts) just talk about this company, sector and/or industry.  These Covid-19 days, just #3 is enough. 

Stock Presentation:  Lloyd spoke about ZYXI and Sam spoke to PAWZ.

New Business:  The following motions were made:

Jerry moved we set the trailing stop on our first 100 shares of PAWZ to cover the second 100 shares we will buy.  That easily passed.  There was no further new business.

The Finale':  Once again, a very special THANKS to Lloyd who served as host for a virtual online meeting, and for agreeing to serve the club as Eduction Partner.  President George did a outstanding job (again) of keeping the meeting moving and forcing compliance to Sir Robert?s Rules. 

Closing:  It was  8:30;  President and Chairman George Heim dropped the gavel.

WiFi:  Choose "DT-Meeting" under wifi on your phone.  Enter password "HERO2019"...accept terms and conditions.  

                                                      -2018 Liar's Poker Highlights-  

We have lost several Liar's Poker Players, so here are some old highlights, until we admit some daring souls who would like to play.           Here's last October 2019 highlights:

We had 7 players for Liars' Poker with the inclusion of Dr. Dave and Tom Nyberg.  We missed Tim Deegan, but were fortunate to have a good group playing.  It started out with Dr. Dave determined to take the King of the Hill away from the pompous self-award bearing Norm Grant.  After several failed costly attempts, Dave backed off.  Art was his usual self, bidding conservatively sometimes, and then going forward like a madman with outrageous bids.  Norm and Jerry were somewhat subdued all evening until late, when a miracle and a misstep by Tom Nyberg enabled the normally subdued Jerry to go for the Grand Slam.  We were all shocked when he took the throne from Norm.  Bill Kalina actually was a bit more aggressive, which caused him to overstep losing a few rounds. Sam, played brilliantly and left with a few bucks ahead.  Art had a rough night...financially.  As usual, Jerry made a few "love dates" during the game, as his mind seldom roams from "chicks" and "strippers", except when he was watching the Packers game on his phone.  Winning K-of-the-H was a miracle.  See photos below.                        

Section 2 article d.- Dumb-Ass-Loser Rule:  If a slam bid is made (the bubble has none) and the total count is also zero, then the dumb-ass bidder (who went for the grand slam) is obligated to: rise, apologize, and pay out $2 to each player.  Optional: He should apologize profusely to the King and offer him a drink.

                       Click on:   Liars Poker Rules  to play properly.

Important Links:      Letters-to-the-Editor ;   Club Photos;   Official Partnership Agreement