Bill labels Q sent through O/49r, "inanities." There is just too much to do to bother with such inanities. "
He adds: most of it [GATA funds raised] will go to the lawyers, PR firm ( so that we can raise more money )
Here are the dreaded questions, again, Bill...feel free to point out the "inane ones" There is now a 7th and 8th Question added now acc'd to this AM's eMails from the Silent Six to the bottom:
original post = 4503 on Dutch Central Bank Selling SI thread
3/18/99 at 1:47 PM PST
The Questions are: (again for the 7th [MIRROR] time:)
1) Since GATA is a For Profit Corporation,
there are you and 2 others as officers. Is this correct?
Answered 3/18/99: GATA is a "Not-For-Profit" organization.
Answered 3/19/99: In reply to Darleen (see above) this appears to not be the correct
answer, so this is still unanswered by a yes or a no.
Writes: Pete S 3/20/99: "GATA is a 'not for profit' but I don't know any details."
2) What is the retainer fee being requested by the law firm you, as GATA are pretty set
upon using?
3) Since you are exploring an anti-trust action --and have noted many times on this
thread how much cash settlement M&B won on their most visible previous action-- is or
is not this case being taken on a
contingency fee/split agreement?
4) If yes it is a contingency fee case, then why is there a retainer
fee requested in advance?
5) Assuming success in your actions, what is the current GATA plan for
splitting of their portion of the judgement award?
6) Since this is a private, for profit corporation, how do contributors secure timely,
audited financial statements?
Partial Answer/extrapolation: this is now declared to be a "Not for Profit" as of
3/18/99. ººº
As such, there are legit avenues, governed by the state of Delaware, and the
particular IRS organizational code, for GATA contributors or any interested
party who wishes a look into the books on a timely manner a means to do so.
ººº Readers: Please refer to retraction/modification under point one. Delaware
filing structure is back in the non-disclosed category, and remains to be answered.
NEW ADDITIONS
#7 What is the A) estimate of costs of fundraising by your target PR firm, B) initial deposit amount currently requested as the result of your inquires of the PR firm.
Bill sez: thus far the biggest contributors to GATA are the Committee members themselves.
#8 So if your much ballyhoed lawfirm choice and your dittoed PR firm choice take the committee members biggest proportion of contibuted funds (what 85-90% of $38,000 is from you 3?) will any of the 3 of you be able to eat?
You can spend your personal funds anyway you want, Bill, no problem there.
But just how is the PR firm going to put money into your organization and get the tax write off they want for their "donation?" Big bucks don't come cheap, or without strings! But you should already know that since you won't answer the "stringy questions" from the Silent Six behind my posts!
And what is the percentage they will keep of the funds they raise? There are not for profit organizations in the real world who barely spend 3c on every raised dollar to the actual "educational and political cause" as Chris Powell describes it. How much of each dollar is YOUR P/R firm going to feed back to you XYZ committee members
We await your answers, Bill
O/49r |
