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Re: AMSAT-BB-digest V2004 #195




On May 31, 2004, at 3:00 AM, AMSAT-BB-digest wrote:

> The  consequences of not doing so are simple. It means that we will be
> somewhat  delayed in meeting the reserves that are necessary to 
> develop, design,
> construct, integrate and test EAGLE. As we have had to borrow from our 
> reserves
> in order to launch ECHO, all of our funding for satellite projects 
> comes from
>  your donations, membership dues run the organization, (ie Office, Lab,
> expenses,  journal, postage etc so the faster we recover the Launch 
> expenses the
> sooner we  can work on EAGLE.


Didn't we also take money from the reserve to pay for Echo?  The above 
statement isn't actually correct.  The bulk of the money for ECHO was 
taken out of the reserve and will never be replaced. Which is it? Do we 
pay for satellites from the reserve or donations?

73
Barry

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