[HCoop-Discuss] Financial situation

[Nathan Kennedy]

Tanveer Singh wrote:
> Ok, so thats how I understand.
> If I pay off the 46$ debt in two months by paying 23$ for two months
> or maybe paying something like 20$ for 3 consecutive months, this will
> eventually get back to me over some period of time.
> I would like to know whats the period of time the coop is talking
> about. Is it one year, 2 years....?
> I'm okay with giving this amount for a couple of months or 3 months,
> and I think its a reasonable expectation that within 2 years I will
> have this amount coming back to me in the form of lower costs etc.,
> I feel another thing is that people feel that if they give 100$ or
> whatever to bail out the coop, its like a donation not a loan.
> Could the board clarify this part.
> If few of us over a period of 3 months give out 60-70$, it is a sort
> of loan or a donation to the coop.
> I am sure if its a loan, many more will be willing to chip in.
It is neither a donation nor a loan.  The co-op has been paying $750 a 
month to Peer1 since December (and a prorated amount + installation fee 
in November) to Peer1.  No co-op member's account was billed for these 
charges during that time.  This, I said all along, was a mistake.  
Instead, the amount came out of floating cash (from member balances) and 
a loan from Adam.

It's a matter of the co-op recouping these amounts that have already 
been paid.  The co-op is not in debt to the hosts, rather, the co-op is 
low on cash and should recoup these paid amounts to its members.  In 
other words, if they were properly billed, co-op members would be in 
debt to the co-op for costs already incurred.  As long as we bill 
charges from here on out and there's no run on member balances, there is 
no immediate insolvency problem, but these amount DO need to be billed, 
whether it's immediately or over a period of time is what we need to decide.

-ntk