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>Date: Fri, 23 Jul 1999 10:45:06 -0400 (EDT)
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>From: "Meeks, Brock" <[EMAIL PROTECTED]>
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>Subject: RE: What if ICANN implodes?
>Date: Fri, 23 Jul 1999 07:35:30 -0700
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>ICANN is already "broke."
>
>During yesterday's testimony, Mr. Roberts acknowledged that ICANN is more
>than $730,000 in the RED. Actually, they owe about $800,000, according to
>Roberts. Of that amount, Roberts said, some $500,000 is owed to ICANN
>lawyer Joe Simms, who has, as yet, not been paid.
>
>Ester Dyson, when questioned on how the organization "keeps going" said,
>"we're doing what any good compnay does: manage cash flow." At which point,
>she was asked, "do you have any cash flowing?"
>
>"Some," she said.
>
>But basically, she made it sound like everyone is footing their own bill and
>racking up unpaid expenses.
>
>ICANN has STILL not filed its 501(c)3 papers, Roberts said, but they are
>doing that soon. Roberts, I believe, said that the IRS wants to see a
>financial statement first, which now that I recall, isn't correct.
>
>Anyway, they now have a financial statement, which they consider
>confidential because it wasn't disclosed in public yesterday (at the
>hearing). From what Roberts said, the financial picture isn't pretty.
>
>-----Original Message-----
>From: Roeland M.J. Meyer [mailto:[EMAIL PROTECTED]]
>Sent: Friday, July 23, 1999 3:54 AM
>To: [EMAIL PROTECTED]
>Cc: [EMAIL PROTECTED]; Meeks, Brock; IDNO
>Subject: What if ICANN implodes?
>
>
>That was an interesting note from Meeks. What I still don't understand,
>with their avowed concern for stability of the net, that NTIA/DOC
>transfered the root to an organization that admitedly has only two month
>operating capital left in the bank and NO visible prospects for getting
>more and no forseeable revenue stream before the current cash stash runs
>out.
>
>I was at work during the hearings, did someone mention this to the
>congress-critters? I know that we are all expecting ICANN to make $$$
>magically appear. But, if any other contractor, with the USG ( and ICANN
>are one), were to fall into such a situation, the last thing the FARs
>would allow is giving them even more responsibility without proving that
>they had the $where$with$all$ to stand the gaff.
>
>I am more and more certain that NTIA/DOC is acting illegally. But,
>IANAL, and therefore not sure about that.
>
>What if ICANN does go broke, while they control the a,root-servers.net?
>Yes, I know that the other root-servers would instantly take up the
>slack, but it's a scarey thought, isn't it?
>
>If they [ICANN] can continue to operate without visible funding, or
>declaration of additional funds infusion, then ICANN would lose whatever
>credibility they have left. At that point, the IDNO might consider
>standing alone, as an independent association.
>
>This is just something to think about folks. What does it mean when the
>ICANN can continue to operate without visible sources of funding, or
>revenue? That should scare the bejeesuz out of everyone.
>
>
--
Richard Sexton | [EMAIL PROTECTED] | http://dns.vrx.net/tech/rootzone
http://killifish.vrx.net http://www.mbz.org http://lists.aquaria.net
Bannockburn, Ontario, Canada, 70 & 72 280SE, 83 300SD +1 (613) 473-1719
