Letter 1 from Rocky Wood on 11/19/2014

sent to 69 people:

Due to various circumstances, ABATE of Colorado has found themselves in financial dire straits. In an attempt to overcome this situation, we’d like to secure a loan to help us through the winter months.
A bank we contacted will give us a loan equivalent to the amount of a purchased Certificate of Deposit (CD). We’re asking supporters of ABATE to invest in a CD. We realize your investment wouldn’t be a “great” return on investment, but it would enable ABATE to secure a much needed reasonable interest loan to pay off our extremely high interest / short term loan.
When the CD matures in about 7 to 8 years, your investment will be returned along with the appropriate interest earned. Your investment will be deposited in a separate account until enough money can be secured to purchase an appropriate CD (which we hope will be only a few weeks) and will not be used for anything else. We’ll contact you when the CD is purchased with the mature date and rate of return. A signed receipt will guarantee the above promises.
Thank you for supporting ABATE and investing in a CD to help our financial situation. Please respond by Friday, November 28, 2014.
Below is a temporary receipt for investment, to be followed by a formal official receipt for investment from the ABATE State Office.

Receipt for Investment:
From __________________________________ Amount_________________________
Contact Information: E-mail________________________________________________
Phone ________________________________________________
Address __________________________________________________________
ABATE of Colorado guarantees your investment will only be used to purchase a CD. You will be contacted when the CD is purchased with the mature date and rate of return.
Signed ___________________________________________ Date ________________
ABATE of Colorado (position) _____________________________________________

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About Dandooligan

Dandooligan CO, United States Every ride spurs the yearning for another and as such, has pushed me to adopt the riding lifestyle and all of it's challenges. This blog concerns those challenges from bikes to gear, media about bikes, and maybe even some psychology/sociology on the subject as well. Dandooligan, a mash-up of Dandy and Hooligan, both very important parts of me and my outlook on life. I'm also known as Spooph

4 comments

  1. Pingback: OPINION: ABATE of Colorado, WTF?! | thedandooligan.wordpress.com

  2. Pingback: What Really Happened in ABATE of Colorado: An Insider’s Perspective | The Dandooligan

  3. Pingback: Interview with Deb Craig on the inside workings of ABATE of Colorado | The Dandooligan

  4. Pingback: Making sense of ABATE of Colorado’s situation | The Dandooligan

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