X-Message-Number: 24734
Date: Wed, 29 Sep 2004 10:45:19 -0400
Subject: Alcor:  No Outstanding Debts, but Were They Paid?

In response to Tuesday's post by Joe Waynick, current Alcor president, an 
individual with the handle "Finance Department" posted the following to the 
Eschaton Outlook forum (http://www.network54.com/Forum/291677).

Although opinions may differ on whether past unfunded persons, especially 
any from long ago,  should be "thawed," I think there are important issues 
and questions raised by this post, which Alcor could only benefit from by 
clarifying.  Here is a copy of the post:

"No Outstanding Debts" May Be a Deceptive Answer
September 28 2004 at 10:09 AM

I see that Joe Waynick spoke to the subject of unfunded suspensions on 
Cryonet today. He stated "There are no outstanding debts for any patient."

Since there are accounting indications that there have been one or more 
outstanding debts in the past, the above statement does not fully answer 
how they were resolved. Paid off is the only acceptable answer, but the 
possibility remains that they were merely written off. And now there is 
also information that Alcor has changed their accounting system -- one has 
to wonder if this will make such "outstanding debts" more, or less, visible.

In order for Alcor to regain credibility and its good reputation, there is 
an obvious need for clear statements from its board and management on:

1) Affirm that current and future policy will provide no service to 
unfunded customers under any circumstances.

2) Identify publicly any unfunded cryopreservations (even if no longer 
listed as receivables) and the unpaid amounts and state what they intend to 
do to resolve the problems (collect or thaw).

Answers and actions on those two points would tell us if, in a time they 
are announcing price increases, Alcor is serious about not burdening its 
members with the costs of giving away its services to "privileged people."

 Content-Type: text/html; charset="us-ascii"


Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=24734