X-Message-Number: 2419
Subject: CRYONICS: some questions
Date: Sun, 26 Sep 1993 23:01:31 -0400
From: "Perry E. Metzger" <>


> >From Steve Bridge, President
> Alcor Life Extension Foundation
> September 24, 1993
> 
>      I just got back from Scottsdale, Arizona last night.  While I was 
> there, Cryonics Property, LLC (an Arizona limited liability company) 
> closed escrow on the Acoma Drive building.
[...]
>      Not all of the potential investors have made up their minds yet, so 
> the private offering has been extended through October 15, 1993.  It is 
> too early to tell what percentage of the LLC is owned by Alcor and what is 
> owned by individuals.  I hope we can have final figures sometime after 
> October 15.

Given that a closing occured, money had to have been raised from
somewhere to pay for the property, and you mention that you don't have
all the private money you are expecting yet. Does this mean that money
has been "borrowed" from the patient care fund for this purpose? If
so, how much money? Was this in the form of a loan to Cryonics
Property, LLC or was this in the form of an investment in Cryonics
Property, LLC?

We heard promises at one point that if less than $400,000 had been
raised by the LLC from sources other than Alcor itself that there
would be no purchase. Does this mean that this much has in fact been
raised from outside sources, or has the board decided to commit a
third of the patient care fund to an investment in Arizona commercial
real estate? 

On a slightly different topic, I still haven't heard an answer to my
question that I posted to the politics subgroup a few weeks ago during
the "great eerie silence" following the board elections, which was
this: is Alcor in fact running an operating deficit, how large is this
loss, and what does my board of directors plan to do to stop the loss
if it exists?

Perry Metzger

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