At 11:28 AM 7/23/99 , Richard J. Sexton wrote:
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>>Date: Fri, 23 Jul 1999 10:45:06 -0400 (EDT)
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>>From: "Meeks, Brock" <[EMAIL PROTECTED]>
>>To: "'[EMAIL PROTECTED]'" <[EMAIL PROTECTED]>, [EMAIL PROTECTED]
>>Cc: [EMAIL PROTECTED], IDNO <[EMAIL PROTECTED]>
>>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.
Just a subtlety, but I don't remember anyone
ever admitting that Jones Day had *never* been
paid before, only that they have accumulated
around $500,000 in A/R.
It is entirely possible that they have been
paid, and that the true legal bill is higher
than figure above.
Jay.
>>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
>
Respectfully,
Jay Fenello
President, Iperdome, Inc.� 404-943-0524
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