[HamWAN PSDR] [HamWAN Board] VOTE: Approve purchase of 2 cell sites worth of gear

[Bart Kus]

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 at bartk.us 
> <mailto:me at 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
>
>
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>
>
>
>
> -- 
> Benjamin
>
>
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