FastSaying

The company that purchased our mill closed down.

Dennis Scott

Company

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At the end of the day when all this money is paid for legal fees the company will be forced into bankruptcy and nobody will get anything from Eel River Sawmills because the shares will be worthless.
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Many people have asked me what will happen to the company now that Mel is gone. Mel's death does not cause a change in our operation or philosophy. Even though Mel owned the majority of the stock in Eel River Sawmills, there is a plan in place that will transfer the majority of the voting stock to the employees over time. The Mel and Grace McLean Foundation now owns Mel's shares. Eventually, some company shares owned by the Foundation will have to be sold to meet certain regulatory requirements. We have ample time to accomplish this.
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