I have reopened the ownership tracking spreadsheet for another week so that everyone can have a chance to remove items they purchased and claimed as ELF expenses. I have already removed all of the tools I bought or contributed from my equity claim. They will be of no value to ELF once the property sells and i don't think we want to have to auction them off. Fixtures such as the container which we won't move have been left. Basically, anything you contributed that will not be sold with the property must be removed from your equity expenses claims.

Any personal property which is stored on the property must be removed before the end of this month as first impressions make an impact on the real estate agents valuation report. The caravan, the old ute body, logs, timber, All the personal stuff stored in the shed and workshop and anything that any of us owns that detracts from the look of the property must be removed in the next 10 day. Please don't leave this to the last minute. I'm sure we are all smarting from the large losses we each will suffer from having to wind up at a time when all the effort and investment we have put in is not going to add much if any value to the sale price. True integrity will shine through if people pitch in and cooperate respectfully and on this final project that we all know none of us is going to be paid for, but our effort may increase the amount we get for the property. I am personally devastated that it has come to this for ELF. We set up in a way that could have lasted indefinitely. We have known since Kim loaned us the finance that he wanted it repaid before his pension eligibility was compromised. 4 to 5 years max were his initial terms. Sadly we haven't been able to get it together to refinance and no one has been found to buy out the debt so here we are.

There are some equity adjustment dependencies on success or failure of LBPL refinance application. If ELF remains on foot then the tools and equipment that have been taken out of all of the equity calculations will need to go back into the calculation. If the property is sold then they should remain out. until we have exhausted all attempts to keep ELF alive as a viable entity we need to defer conversion of spreadsheet calculations into Capital Shares.