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Pastimes : Christmas for Sick Kids -- Ignore unavailable to you. Want to Upgrade?

To: LANCE B who wrote (77)	11/2/1999 8:12:00 AM
From: Green Receipt	Read Replies (1) \| Respond to of 94

Organizations such as the one you mentioned, do follow accounting rules and disclosure. They are up front and tell you that x percentage goes to their administrative expense. Wayne admitted to a conflict of interest which is what a reasonable person would expect him to do. However he should have just stated the COI up front. If he had, you wouldn't be trying to defend & justify the awkward position he put himself in. If he had said (hypothetical), Please donate to this worthy cause, 5% of the amount raised will go towards administrative expenses, and my company bearhonstock will be the one supplying the bears, ... If he'd said something like that up front, there would be no issue. Wayne said he resolved the issue, but you aren't happy with his remarks. I guess you would have preferred Wayne not admit COI. oh by the way: I have had an alternative for years now.

To: LANCE B who wrote (77)	11/2/1999 8:22:00 AM
From: Wayne Rumball	Read Replies (1) \| Respond to of 94

The whole problem is that there was not alot of time so I tried to cook up something quick for this cause. Yes I own 40% of Bearhonstok. So why not start where I know I have an ear. The other 60% agreed it was a good cause. We were offering toys manufacturered on premises at factory prices. Not retail prices. A consumer connot buy directly from the company, has never been able to and probably never will. Now the original plan we agree to minimum order of $100/hospital. At wholesale prices, less $15 shipping and $25 customs clearance that is gross $60, take off overhead and production costs and that order would have left us about $30 in the hole. Somewhere around $250-300 is break even, $500/hospital would have yielded maybe $40 profit. No one was going to get rich, and if the majority of donations were $100 scattered all over USA it would have been a big losing proposition. But the offer is off the table in any case. The scam yellers will never believe any of it and will just continue to give me a headache. I thought it was a chance for all of SI to pull together and do something, but seems it is impossible for all of us to agree on anything. So for this year I suppose we will have to just hope people here the call and make the effort to get out from behind their computer and actually do something about it. I was just trying to make it easy for everyone and be able to keep a tally (and get some matching $) BTW this thread may be deleted shortly, SI has warned that it is probably against the TOU.