- 64 -
Andres Gelabert indicated that the minority
shareholders would have no objection to this idea.
* * *
* * * * * * *
Do not treat any of the monies spent already as either
advances to or equity contributions to MC [MCI] or GC
[GCI]. Instead, MDT should treat its advances or
potential equity contributions as divisional
expenditures and the “equity” contributions from the
minority shareholders, if needed, should instead be
treated as loans to MDT which, in turn, were used in
the divisional projects.
IX. Dividends
MTNV paid dividends from the 1983 through 1985 profits on
January 27, 1986, and May 1, 1986. The payments consisted of the
following:
Spectrust $ 31,070.42
Promidux 45,676.99
Dapy 45,674.67
Roundabout 29,413.55
Holiday 29,413.55
Wayout 25,892.41
Alfonso Chavez 12,946.21
Gloria Chavez 12,946.20
$233,034.00
The payments were approximately in proportion to each payee’s
ownership interest in MTNV.
MTNV paid dividends on 1986 profits on October 7, 1986, in
the following amounts:
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