Re: Specific Questions

[Karl Denninger <karl@Mcs.Net>]

> Simon Higgs writes:
> > Would someone like to explain why applications for administration of a
> > public trust are $20,000 (est.) when there is $7 million sitting on
> > deposit to cover internet infrastructure and organizational costs?
> 
> In other words, money that can be used for non-profit purposes should
> be spent to subsidize for-profit companies expenses in entering into a
> for-profit business?
> 
> Perry
> Speaking for myself, and not for the IAHC

Excuse me, but the for-profit companies don't HAVE that expense.

The IAHC has them -- or it wouldn't need to recover them through a TAX,
would it?

Is this the activity of a public trustee or not?  If it is, then the $7M 
should be properly allocated to this use.  If its not, then please let us
know so that we can properly label the IAHC as a for-profit entity which is
NOT acting as a public trustee.

Thanks.

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