At 09:01 PM 10/3/1999 -0400, David Lass wrote: My concerns/thoughts : 1) There is no cost shown for acquiring the subscribers over the AGA subscribers DG: This will happen thru APD and ad exchange, very low cost methods. 2) There is no cost for acquiring the distributors DG: I do not expect significant cost for acquiring distributors. 3) I think that AGA should have a maximum they would be asked for each quarter -- may be more than these losses DG: I am not sure I understand this point. Certainly, AGA cannot and should not invest more than they think wise. 4) Assuming that AGA can own a part of a profit making entity (which I do not know) I would suggest that ownership be establish in a typical venture capital manner -- founders are given a %, and capital is invested as required in tranches over time. Assume that the venture needs a maximum of $10,000 to cover losses for the first 5 - 6 quarters. Manager and editor could not be paid and would get more stock that way DG: If the stock being dividendable is a serious problem, we can probably create a separate class of non-income producing stock for AGA. But that stock could still vote. I don't know what a tranch is. I expect that manager and editor will take stock rather than cash for a while. If anyone has any additional questions, please feel free to ask. -- Dave Gomberg, San Francisco mailto:gomberg@wcf.com For low cost CO2 systems that work: http://www.wcf.com/co2iron Tropica MasterGrow in the USA: http://www.wcf.com/tropica -----------------------------------------------------------------