Re: Gomberg agreement

[Neil Frank <nfrank@mindspring.com>]

At 12:30 PM 12/11/2001 -0500, you wrote:
>> > d.  AGA shall pay to Gomberg the sum of two dollars ($2.00) for each
>> > copy of PAM delivered by Gomberg under subsection b above, less the
>> > issues of PAM given to AGA by Gomberg in accordance with subsection c
>> > above.
>>
>> Woah, how many is that?  I thought he printed like 1000-2000 copies of
>> each?  Did we just agree to give him $10,000 or so?
>
>By the time we get done with getting PAMs for each 3 months of AGA
>membership we give his unexpired subscribers there should be around 3,000
>PAMs left. I think we will get rid of most of them, at a good profit, via
>the bookstore, and we should be able to unload plenty of them at next year's
>convention. The treasury of AGA has been pretty much the same since I took
>it over -- including a $20,000 CD just sitting there in the bank, not doing
>anything for our members.

Like Erik, I am concerned about getting the large number of PAMs. I am
definitely not confident that we will be able to sell 3,000 extra PAMS.
Even though we have the money in the treasury, I do not support making this
$6K investment. This is in addition to a loss of AGA dues income of at
least $1K because of the arrangement to extend memberships. 

Let's review the original Nov 19 motion:

"I move that David (thanks David) act on behalf of the SC and in the best
interests of AGA to acquire back issues of PAM as follows:

acquire a number of issues of PAM in exchange for AGA memberships for all
PAM subscribers who
are not currently AGA members (3 month AGA membership for each 3 month
unexpired subscription to PAM, non-AGA members only); to purchase
additional copies of PAM, up to a total number of 2000 inclusive of the
exchange copies, for a per issue price not to exceed $2 and that they
consist of as many SETS as possible (i.e. we get all of his limited supply
issue no. 2); and for the remainder of available back issues of PAM, if
there are any, negotiate their demise (e.g. AGA gets them on consignment
for long term storage and sale, also at a per issue price not to exceed
$2). Then, if Dave does not agree, we walk.

Neil
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