To: REW who wrote (23694 ) 4/3/1999 11:16:00 PM From: Zeev Hed Respond to of 44908
REW, now, kids selling stuff to raise money for their schools, gosh do I know this field, I had to go with my kids to do that door to door selling alright. But guess what, I doubt very much that there are 50 MM kids doing this. They start at about 8 and when they are 12 they do not want to hear any of this. Assuming that those kids that do that are active 5 years (I'll give you an extra year). There are 3.8 MM birth per year in the US annually (that is the very high end of the estimate), assume all of them survive you get total number of kids in the age group of 19 MM, you will be lucky if 20% of the kids in the country in the right age group participate, yielding 3.8 MM kids a far cry from 50 MM. The same applies to charities, there are literally hundred of diverse charities, for each you'll have to not only customize the card and the promotional material, you'll have to customize the product. All these are Herculean efforts, they do not happen by themselves. And, you will be competing with a plurality of other marketers in the field. I am not saying that you cannot make profits doing charitable work, but it is tough to support a chairman paying himself $360,000 a year on that and taking as a bonus 10% of the company stock (5 MM shares when there were about 50 MM), and a group of executive adding to their coffers 34 MM shares in one year on a preexisting capitalization of only 30 MM shares. To me that is nothing short of highway robbery. Does that not give you a clue as to who is really taken care off here, the insiders or the investing public? You are discussing too much the possibilities while you should concentrate on the probabilities. In reality, you should discuss the wonton robbery of assets from the investing public. Zeev