How to Invest

Procedure for Investing

For those that have pledged financial support, or those that are interested in supporting this project, the procedure is now in place to send your funds to the trust account that has been created. Working in conjunction with Parker and Richter Law Offices, in Greenwood, NS, we have developed a trust fund for all investments that are collected. The procedure is as follows:

1/ Please mail a certified cheque, bank draft  or postal money order payable to “Parker and Richter In Trust” and write on memo line “for Michel Palmer.”

2/ Certified cheques , bank drafts or postal money orders to be sent to : Ron Richter, c/o Parker and Richter, PO Box 629, Greenwood, NS, B0P-1N0.

3/ Please make it very clear when sending funds whether or not you choose to receive the four (4) % interest option or the zero (0) % interest option that some investors have selected.

4/ When sending your cheque please include your name, telephone number, a valid email address and a mailing address so that clear communication can occur.

5/ Send an email to to Michel at openeyeswider@hotmail.com  letting him know when it was sent, how much was sent and what option was chosen.

THANK YOU!

If you want to wire the money electronically then you will need to contact Ron Richter and make those arrangements personally. (ron@parkerandrichter.com)

How this Trust Fund Works

All monies received by Parker and Richter Law Offices (www.parkerandrichter.com) will be deposited into a designated bank account that can only be utilized for the purchase of this land. When cheques are received, they are cashed and deposited into this account. When this occurs, Parker and Richter will issue a receipt of the deposit and send an electronic copy of the Promissory Note to the email address supplied by the investor. At this point, the funds and the original Promissory Notes, are held in Escrow, which means they can only be used for the purchase of the land.

When the land is purchased, the original Promissory Note will be mailed to the address supplied by the investor. It is at this point that interest will start to accrue.

If for some unforeseen circumstances, the land is not purchased, Parker and Richter will issue a cheque for the value of the original investment and return it to all investors.

For sample use only:

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Where the money comes from to pay back the investments

Many have asked how can 4% interest be paid on the investments. When the caretakers association is created there will be 10 to 12 memberships at $25 000 that will provide a building lot and share in the communal land. This will generate $250 000 to $300 000. Then there will be a second level of memberships at $5000 that will allow people to have a temporary shelter on the land and that will generate more money. The money generated from the memberships will be used to pay back the initial investments. The extra money from those memberships will help build the infrastructure of creating the communal spaces and to create the projects that will be happening on the land. There has been much interest in this concept and approach to stewardship of a piece of land by creating abundance with edible forest gardens.