There's a lot of financial terminology in there that I don't really understand, so maybe a conversation is needed to unpack the details more. Certainly the introduction of a whole new share structure needs to be discussed in detail as it is a big departure from the way we've already been thinking.

monthly share buyback as ELF can afford it

To me, it all still reads as "this work probably will not be compensated, and ELF makes no guarantees to recognise the work". Like if ELF folds then everyone who has worked on the property will be compensated and those who have worked on management & governance will not. That is a problem.

No it reads as stated. All social enterprise work will be recorded as ses shares. All SES shares will be bought back for cash or in kind eg rent/ lease rebates if elf thrives. There will ultimately be more liquidity in elf than lbpl shares so they would not be thought of as second class assets. The only reason they would be considered less secure is if ELF is mismanaged

It's a bit of a side-tangent to all the much more important discussion above, but I just wanted to throw https://www.toggl.com into the mix as a great time tracking tool that you can use for free. It basically gives you a button you can press to time yourself so that you don't have to think about it; and there's a mobile app, too ;) Using it to track time spent on ELF matters is starting to give me a good sense of my actual commitments and the effort needed to keep things moving, which is important to get realistic expectations of what living in community entails.

Hi all, i am just reading this thread now for the first time. I appreciate all of the effort and energy @deancameron and @pospi have put into this conversation. My comments:
- I can not find the spread sheet on GD for the working bee hours
- i think details are important, however i feel a bit uneasy about having to track when i take out the bin or do the dishes - do we really need to track to that detail?
- the large items you are discussing around sensitive subjects of room rentals, equity and mortgage i think are highly important for everyone to have clarity on... and yes, most people will be sensitive around money. I think we need to all be ok with the sensitivity and allow it to come up... get out the whiteboard and have a house meeting around this and resolve it all with clarity as it seems an underlying tension? I feel this will be a very long thread for people to jump on and read and will go in some circles otherwise? There are just so many ways to look at it all.
- my vote is that this discussion should be all in person with a called meeting around Finaces in general.

I can not find the spread sheet on GD for the working bee hours

That's because there hasn't been a location set up for this yet. The tokenized ownership tracking spreadsheet has no page to record non-equity contributions yet. A task for this was set up some time ago and clearly communicated but as yet none of the working bee task leaders has engaged to take the lead on where to record this.

i feel a bit uneasy about having to track when i take out the bin or do the dishes - do we really need to track to that detail?

No, I don't think so. Chores are less about tracking, more about setting up a fair rotation schedule.

Agreed that we should discuss much of this in person, but in my experience it often needs to come back to written discussion to iron out all the fiddly details as people still leave conversations without having really understood the full picture.