<div dir="ltr">I don't know if this is exactly how it would convert to a coop, but... <div>>>></div><div><div style="font-family:arial,sans-serif;font-size:13px">Finally, it is a goal of PCM to become an employee owned and controlled business in the future. </div>
<div style="font-family:arial,sans-serif;font-size:13px">Although the Company has not yet implemented any steps toward becoming an employee owned </div><div style="font-family:arial,sans-serif;font-size:13px">enterprise, and recognizes the possibility under certain circumstance that such steps may not be </div>
<div style="font-family:arial,sans-serif;font-size:13px">implemented, a general process for how the Company could potentially advance toward becoming an </div><div style="font-family:arial,sans-serif;font-size:13px">employee-owned business has been drafted. A central element of this process would be an equity </div>
<div style="font-family:arial,sans-serif;font-size:13px">incentive plan (EIP) that would provide employees with either option grants or restricted stock awards. </div><div style="font-family:arial,sans-serif;font-size:13px">
Stock would be awarded to employees on the basis of individual performance and merit. Employees </div><div style="font-family:arial,sans-serif;font-size:13px">would be eligible for such awards upon completion of their first full year of employment</div>
</div><div style="font-family:arial,sans-serif;font-size:13px"><<<</div></div><div class="gmail_extra"><br><br><div class="gmail_quote">On Tue, Feb 4, 2014 at 12:54 PM, Hol Gaskill <span dir="ltr"><<a href="mailto:hol@gaskill.com" target="_blank">hol@gaskill.com</a>></span> wrote:<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">they might say in their offering memo:<br>
<a href="http://peoplesmarket.wpengine.netdna-cdn.com/wp-content/uploads/2012/10/PCM-Offering-v8.pdf" target="_blank">http://peoplesmarket.wpengine.netdna-cdn.com/wp-content/uploads/2012/10/PCM-Offering-v8.pdf</a><br>
<div class="HOEnZb"><div class="h5"><br>
<br>
Feb 4, 2014 12:38:51 PM, <a href="mailto:jwentwistle@cryptolab.net">jwentwistle@cryptolab.net</a> wrote:<br>
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>If it were a loan with a portion of the profits going to the investors<br>
>(initial amount plus interest), which will eventually become a worker<br>
>cooperative, then that's an amazing idea. We need more people to<br>
>finance worker cooperatives, but I didn't see any evidence of that on<br>
>their website. I have nothing against investors or investment other<br>
>than they usually own the means of production after the initial<br>
>investment. I want workers to own the means of production after the<br>
>investment has been returned to the investor.<br>
><br>
>On 02/04/2014 11:19 AM, Hol Gaskill wrote:<br>
>> Looks like they give investors a 3% return, which is considerably<br>
>> lower than what would be sought by venture capitalist crowd. I am<br>
>> a huge supporter of cooperatives and worker ownership but there has<br>
>> to be room for financial engagement with the broader community who<br>
>> have other trades. Alot of cooperatives have to secure loans (from<br>
>> chase bank et al in many cases!) in the form of mortgages or to<br>
>> provide working capital. I think if in reshaping the economic<br>
>> landscape we have to wait for people who are going to be doing the<br>
>> entry level manual tasks to throw down their share of the working<br>
>> capital, we will die waiting. I don't really know much about this<br>
>> organization in detail, just had been looking over their site and<br>
>> wanted to put in my 0.02<br>
>><br>
>> I also recognize a few of these evil capitalists<br>
>> <a href="http://peoplescommunitymarket.com/testimonials/" target="_blank">http://peoplescommunitymarket.com/testimonials/</a><br>
>><br>
>> Anybody have info on what they pay their workers?<br>
>><br>
>> cheers<br>
>><br>
>><br>
>> Feb 4, 2014 11:04:22 AM, <a href="mailto:jwentwistle@cryptolab.net">jwentwistle@cryptolab.net</a> wrote:<br>
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>>> I support everybody who provides food to Oakland, as we<br>
>>> definitely don't have enough grocery stores in the area, but<br>
>>> these stores shouldn't be referred to as being the same thing.<br>
>>><br>
>>> While it's called the People's Community Market, it is not owned<br>
>>> by the people, it's owned by a corporation. It's capitalistic and<br>
>>> profits that are made by the corporation will go to the owners of<br>
>>> it, not the people working there. The worker's wages will always<br>
>>> be seen as a cost to the owners and the profits created by the<br>
>>> workers will be stolen from them. Meanwhile, the workers at the<br>
>>> Mandela Food Cooperative are the owners and the profits made by<br>
>>> the workers will go to them.<br>
>>><br>
>>> I understand that we need more grocery stores with fresh produce<br>
>>> in the area, but I don't see that as an excuse to exploit the<br>
>>> workers.<br>
>>><br>
>>> Take care, Jeremy<br>
>>><br>
>>> On 02/04/2014 06:26 AM, Marina Kukso wrote:<br>
>>>> you might want to just talk to them to learn more about the<br>
>>>> other activities they do and ways that you can contribute. that<br>
>>>> might be the best way to learn about ways to contribute that<br>
>>>> might be useful to them.<br>
>>>><br>
>>>> also, have you heard of the people's community market?<br>
>>>> <a href="http://peoplescommunitymarket.com/" target="_blank">http://peoplescommunitymarket.com/</a><br>
>>>><br>
>>>><br>
>>>> On Tue, Feb 4, 2014 at 3:14 AM, Romy Snowyla <a href="mailto:romy@snowyla.com">romy@snowyla.com</a><br>
>>>> mailto:<a href="mailto:romy@snowyla.com">romy@snowyla.com</a>>> wrote:<br>
>>>><br>
>>>> <a href="http://www.american.coop/content/video-mandela-foods-cooperative-and-west-oakland-youth-standing-empowered-program" target="_blank">http://www.american.coop/content/video-mandela-foods-cooperative-and-west-oakland-youth-standing-empowered-program</a><br>
>>>><br>
>>>><br>
>>>><br>
>>>><br>
>>>><br>
>I was at west Oakland Bart and shopped at a worker run and owned<br>
>>>> cooperative Mandela foods.<br>
>>>><br>
>>>> It's amazing ! I enjoyed the mass effect night of collectives<br>
>>>> at sudoroom.<br>
>>>><br>
>>>> What are ways sudoroom and or I can help support Mandela foods<br>
>>>> besides shopping there?<br>
>>>><br>
>>>> Sent from my iPhone<br>
>>>> _______________________________________________ sudo-discuss<br>
>>>> mailing list <a href="mailto:sudo-discuss@lists.sudoroom.org">sudo-discuss@lists.sudoroom.org</a><br>
>>>> mailto:<a href="mailto:sudo-discuss@lists.sudoroom.org">sudo-discuss@lists.sudoroom.org</a>><br>
>>>> <a href="http://lists.sudoroom.org/listinfo/sudo-discuss" target="_blank">http://lists.sudoroom.org/listinfo/sudo-discuss</a><br>
>>>><br>
>>>><br>
>>>><br>
>>>><br>
>>>> _______________________________________________ sudo-discuss<br>
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>>>><br>
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>>><br>
>>> _______________________________________________ sudo-discuss<br>
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>>><br>
>><br>
>><br>
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