Thank you very much for this message. I fully admit that I may have missed it somewhere
along the way, but I appreciate the succinct reasoning. I did go back and look at this is
way at the bottom of the "why we need money" page, but I appreciate you posting
about it here.
Sue Anne
sreed1234(a)yahoo.com
----- Original Message ----
From: Anthere <Anthere9(a)yahoo.com>
Beg your pardon ?
Financial statements go from june to june. So, "new" is at least 7
months ago.
7 months ago, we had a "cash at the end of the year" of 500 000 dollars.
Our auditors recommanded to increase cash reserve to at least 3
($875,000), preferrably 6 months ($1,650,000) of operating expenses for
fiscal security.
In june 2006, we were NOT overfunded, we were precisely within security
limits, with something like 3 to 6 months of operations in reserve.
Right now, we are VERY underfunded.
Anthere
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