Draft, Letter to Shareholders (3)

Explains that the mill will cease operation on June 22, 1996, and more general information on how the liquidation is proceeding, such as notifying employees, paying creditors, curtailing operation costs, etc.

Closure Letter

Mebane, current president of RMM is explaining the reasons for the mill closure, citing operating losses and inability to meet creditors’ demands in the long term. He also outlines how liquidation will proceed with the mill distributing funds to all creditors equally and selling its machinery and existing materials.

Staff Release Dates

The release dates of 28 staff members and details about additional pay for them.