X-Message-Number: 6576 Date: 21 Jul 96 18:59:24 EDT From: Paul Wakfer <> Subject: Prometheus: Reply to Olaf Henny Olaf Henney writes: >As a Canadian I am not familiar with tax incentives as they may >exist in the states. Sorry, I also am a Canadian who is not even familiar with *Canadian* tax write-off provisions. Others will have to speak to your tax related ideas. Naturally, from my point of view in trying to raise money for an all-out assault on Death, I welcome *any* moral methods which allow more money to be pledged to the Prometheus Project. > a front end lump >sum payment yielding 10 payments of $1,000.- annually if invested >at 5% would be $8,107.82 plus whatever administrative costs such >as service charges may be incurred. A pledge for a front end lump sum payment of $8,000.00 has already been accepted as equivalent to a pledges of $1K/ yr for 10 years. >The reason why I suggest $100.- per right rather than $1,000.- is >that some of the above proposed exploration into tax write-off >programmes may lead to some fracturing of the $1,000.- units, >which are now proposed. The $100.00 unit has always been part of the pledge parameters, as long as the minimum of $1K/yr is met. I also suggested that the initial share offering should be at $100.00 per share. Shares can then be split to smaller values when the company goes public. The entitlement of pledge/purchasers to purchase additional shares is: 1. Each pledger who becomes a yearly share purchaser (this includes lump sum pledgers since there shares will only be given to them yearly) will each year receive a warrant for additional share purchases at the same price of up to 25% of that year's purchase under the terms of a prior pledge. 2. This warrant will be valid for 10 year less the age of the company executing the project at the time the warrant is issued or until the company goes public whichever comes first. > Once this project shows some fruits of success, >interest in further cryonics research and thereby contributions >may well snowball. It may therefore be reasonable and an added >incentive to limit the offer of the above rights at least for the >time being to the contributors of the first $1mio/year. Yes, and that is why I urge everyone to seriously consider getting in on the "ground floor" of this possibly high rising project, which even if it doesn't rise high, will strongly contribute to the extension of their lives. I also believe that once we get past the pledge amounts of $500K/yr or over $5,000,000.00 total, we will start to get major recognition and publicity. Thanks, Olaf for your ideas. May I look forward to soon receiving your pledge? -- Paul -- !!!!! REVERSIBLE BRAIN CRYOPRESERVATION *CAN* BE ACHIEVED IN 10 YEARS !!!!! Paul Wakfer email: Voice/Fax: Pager: US: 1220 E Washington St #24, Colton, CA 92324 909-481-4433 800-805-2870 Canada: 238 Davenport Rd #240, Toronto, ON M5R 1J6 416-968-6291 416-446-9461 (currently in Canada) Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=6576