Re: Gomberg's proposal for TAG replacement

[Dave Gomberg <gomberg@wcf.com>]

To answer Neil's question:

At 06:27 AM 8/21/1999 -0400, Neil Frank wrote:
>Bob has pointed out that for a relatively small investment ($3K) we can
>maintain control of the publication. I would like to know if this is a one
>time thing. 

I expect PAM (Planted Aquaria Magazine, today's title) to bleed some cash
during startup.  I have a roster of angels willing to catch the flow and
make up for it.  I would be happy to put AGA at the top of that list.   If
it elects to do that it will receive shares proportionate to its
contribution.  I think $5.5K should be enough blood-letting to get us thru
the startup and in that case $3K would buy a majority of the shares.   And
AGA could "control" the board of directors of APM. 

I am not promising that $6K will be enough.  More may be needed, and in
that case $3K would not be enough.   But in any event, the purchase of
shares would (I hope) not be an annual fund raiser, but a one-time thing
while the subscription list and advertiser list gets built.

Neil, if I was supposed to answer any other questions from your post,
please remind me.   I looked thru your mail a couple of times but could
only find this one that clearly needed an answer.
--
Dave Gomberg, San Francisco            mailto:gomberg@wcf.com
For low cost CO2 systems that work:  http://www.wcf.com/co2iron 
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