Re: Gomberg agreement

[Neil Frank <nfrank@mindspring.com>]

>> Let's review the original Nov 19 motion:
>....
>> 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
>
>Actually, I'm OK with David's response.  I don't see much difference
>between 2000 and 3000 extra copies ($4k vs. $6k).

I have to disagree. I originally specified a TOTAL of 2000 copies, and the
remainder to be obtained with reasonable negotiation. 

David said: "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 interpreted the above statement to mean we will be acquiring more than
3000 - some in exchange for membership and the remaining 3000 for a cost of
$6k. So, the total AGA investment is $6K plus the lost dues revenue.

How many are we getting for unexpired subscribers?

In an earlier message, Gomberg said: "AGA offered to buy out the back
copies of PAM, about 2000 at $1.25 worth of AGA membership and about 3000
at $1.50 cash.

[it is more like $2 - 2.50 of AGA membership and $2.00 cash]

This tells me that we just acquired 5,000 PAMs!

>Hopefully we are going to get the remaining 60
>copies of Issue 2 so we can sell all eight as a set to the first 60 lucky
>buyers... (see, that's 400 right there, 1/3 of our break-even).

I sure hope there are 60 copies. However, I am not even sure there are 40.
When I talked to Gomberg last week about issue number 2, he told me that
there were NONE. Without issue 2, it will be VERY difficult to sell
1200-1500 issues to break even. Ask Diane how long it takes her to sell
that many TAGs.

Neil 
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