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Re: PAM
FWIW, I am not in favor of association with PAM nor investing any money in this
venture. I have
nothing against Dave, but another aquatic plant magazine, IMO, will not "fly".
Look at what
problems the translators of Amano's magazine is having, and it is beautiful!
So, it's not
unanimous!
Merrill Cohen
On 10/21/99 09:11:12 you wrote:
>
> At last, we have a decision, we are unanimously in favor of PAM. Now,
>the next decision is "Do we want to invest in PAM, and if so, how much?"
>
> To review, a zero investment would give us zero influence on policy and
>content. An investment around $3000 would make us a majority share
>holder and give us the maximum influence, but still not control, we have
>to allow the editor some leeway and he probably wants a lot. An
>investment in between would give in between influence.
>
> One aspect to consider is the state of our treasury. I'd guestimate
>that about half of the current balance is owed to our printer who never
>sends us a bill. Neil, please bug him again about sending it.
>
> Another aspect is timing of the investment. Would it be expected all at
>once, or on a quarterly basis, to make up for the expected early losses
>as they occur?
>
> Still another is whether our need to make up losses is tied to the
>percent of stock we own and if there is a way to limit our exposure.
>
> I am copying the MC on this message so we can get their inputs and so
>they know the results of our vote. Please provide your inputs ASAP.
>
> Thanks, Bob Cashin