X-Message-Number: 24734 Date: Wed, 29 Sep 2004 10:45:19 -0400 From: Subject: Alcor: No Outstanding Debts, but Were They Paid? In response to Tuesday's post by Joe Waynick, current Alcor president, an individual with the handle "Finance Department" posted the following to the Eschaton Outlook forum (http://www.network54.com/Forum/291677). Although opinions may differ on whether past unfunded persons, especially any from long ago, should be "thawed," I think there are important issues and questions raised by this post, which Alcor could only benefit from by clarifying. Here is a copy of the post: "No Outstanding Debts" May Be a Deceptive Answer September 28 2004 at 10:09 AM I see that Joe Waynick spoke to the subject of unfunded suspensions on Cryonet today. He stated "There are no outstanding debts for any patient." Since there are accounting indications that there have been one or more outstanding debts in the past, the above statement does not fully answer how they were resolved. Paid off is the only acceptable answer, but the possibility remains that they were merely written off. And now there is also information that Alcor has changed their accounting system -- one has to wonder if this will make such "outstanding debts" more, or less, visible. In order for Alcor to regain credibility and its good reputation, there is an obvious need for clear statements from its board and management on: 1) Affirm that current and future policy will provide no service to unfunded customers under any circumstances. 2) Identify publicly any unfunded cryopreservations (even if no longer listed as receivables) and the unpaid amounts and state what they intend to do to resolve the problems (collect or thaw). Answers and actions on those two points would tell us if, in a time they are announcing price increases, Alcor is serious about not burdening its members with the costs of giving away its services to "privileged people." Content-Type: text/html; charset="us-ascii" [ AUTOMATICALLY SKIPPING HTML ENCODING! ] Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=24734