Help Us Sell Shares

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Help Us Sell Shares

Co-op Share Sales: We Need You - Now More Than Ever

Share sales are critical to the Co-op’s long-term stability. The current shareholders have always been our best resource for new shareholders and we need your help to meet our share sales goals. If even half of our shareholders could buy an additional share for a family member or help us sell ONE share each, we could easily secure the mountain’s financial future. It’s that simple! If you want to buy another share or if you know someone who may be interested in purchasing a share please contact Eric Friedman in the Co-op office (802) 496-3551 ext. 111 or via email: eric@madriverglen.com . Use the referral form below to let us know of a prospective shareholder.

The ability of Mad River Glen to consistently reinvest in the mountain’s infrastructure is a testament to the success of the Cooperative. Capital projects are funded by a combination of operating income and Co-op share sales. Since Mad River Glen will continue to have significant capital needs in the future, Co-op share sales are always critical. New shareholders will know that their support will enable the completion of critical projects such as the Single Chair while also protecting and preserving the Mad River Glen ski experience for future generations.

The Co-op is stable and has overcome many of its initial obstacles, but new share sales are still vital to the Co-op’s future. This past year we budgeted for 40 new shares to be sold with a net gain of 20, accounting for attrition among our shareholder base. We are pleased to announce that we finished FY 2005 with very strong share sales number.

We work hard to minimize the number of shares tendered by appealing to the shareholders’ affinity to Mad River Glen, encouraging them to transfer their shares, or to convert to a Preservation Certificate. Realistically we must expect to have shares tendered each year due to deaths, finances, relocation, or a number of other reasons.

In the Co-op’s first nine years we have reinvested over $2 million in capital and paid off the mortgage. These are tremendous accomplishments, but the work is far from over. By 2010, the 20 year capital plan calls for another $2 million to be spent on capital projects including the refurbishing of the Single and a new Patrol/Ski School building. Please help us to assure the Co-op’s long-term sustainability.


Last modified December 15 2005 02:43 PM

 
    Mad River Glen Cooperative - PO Box 1089 - Waitsfield, VT 05673 - ski@madriverglen.com