Quote from Ivanovich:
Does Rogers even trade? I've heard lots of folks say they couldn't even tell where or with whom he even traded.
beeland
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Beeland Management Disputes Jim Rogers' Statements
CHICAGO, Oct. 28 /PRNewswire/ -- Beeland Management Company is currently
in a dispute with Jim Rogers, the majority owner of Beeland, concerning his
interests in the company. Despite Mr. Rogers representations that he
transferred his ownership, there has been no vote of the membership to approve
a transfer of Mr. Rogers' interests as required by Beeland's charter.
Also, Mr. Rogers is not a participant in the Rogers International Raw
Materials Fund, L. P. His claims that he has withdrawn his economic interest
from the fund are patently false and misleading.
In addition, his claims concerning miscalculations of the Rogers
International Commodity Index (RICI) relate to data provided by a third party
vendor. As a result of the incorrect data, the performance of the index has
been marginally understated and the index should show improved performance
upon correction. Beeland will continue to operate its commodity index. While
Mr. Rogers remains its majority owner, he has not been actively involved with
the operations of the Fund since RICI was created six years ago.
SOURCE Beeland Management Company
