We're @ 0% interest until Oct 31st, then we go up to 20.99%. --Bart On 5/19/2013 7:17 PM, Benjamin Krueger wrote:
Can we have more details about the terms of the credit account please?
On Sun, May 19, 2013 at 7:09 PM, Bart Kus <me@bartk.us <mailto:me@bartk.us>> wrote:
Hello,
We're moving into a busy deployment season. We must be ready to capture sites for expanding the HamWAN network as they become available. The sites don't work on our schedule, we must be ready to work on theirs. The discussions we're holding with site owners are indicating we're about to need 1-2 more sites worth of gear in the next few weeks. This spending request is to approve a purchase of enough equipment to stand up 2 cell sites, with a spending limit of $4000. It should come in just a little above $3000 from what I can tell.
Despite the low current donation levels, we have a credit limit of $8000 we can use. I believe it'd be best to get the network on the air, allow the user base to expand, and then pay down the initial build-out costs. The only reason we have anything on the air right now is because of this policy. We do have enough cash on hand (about $1400) to make interest payments on this debt for a year should the fund raising continue to be a challenge even with a larger network footprint. Since my report of last week's fund raising, we've raised another $100 dollars, making for a total of $220 raised in the last week. I'm trying to hang on to at least $1000 of cash as a float in case of emergencies, so we're still shy $1100 on the cash-only cell site purchase.
Directors, please cast your votes. My vote is for approving this spending. Voting will close 24 hours from the time of this email. (Monday, just after 7PM PST) List members, feel free to talk to directors to influence votes.
--Bart
_______________________________________________ Board mailing list Board@hamwan.org <mailto:Board@hamwan.org> http://mail.hamwan.org/mailman/listinfo/board_hamwan.org
-- Benjamin
_______________________________________________ PSDR mailing list PSDR@hamwan.org http://mail.hamwan.org/mailman/listinfo/psdr_hamwan.org