Brock and all,
Esther Dysons answer regarding handling financing is a laugh! She
has known sense last November that they had other methods for
financing and didn't follow up on a single one of them. For this reason
alone, the ICANN (Initial?) Interim board should be removed....
Also see:
http://www.ntia.doc.gov/ntiahome/domainname/proposals/ineginc/ineginc.htm
Meeks, Brock wrote:
> 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.
> -
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Regards,
--
Jeffrey A. Williams
Spokesman INEGroup (Over 95k members strong!)
CEO/DIR. Internet Network Eng/SR. Java/CORBA Development Eng.
Information Network Eng. Group. INEG. INC.
E-Mail [EMAIL PROTECTED]
Contact Number: 972-447-1894
Address: 5 East Kirkwood Blvd. Grapevine Texas 75208
