X-Message-Number: 478
From att!cup.portal.com!alcor Tue Oct  1 00:57:13 PDT 1991
From: 
Subject: Please distribute
Date: Tue,  1 Oct 91 00:57:13 PDT

From: Paul_Wakfer

Subject: Reply to Eric S Klien

Contrary to what Eric Klien has written, I have in no way "backed off"
from my offer of a low interest loan, of up to the amount of the
donation, to anyone donating to Alcor.  If Eric Klien had chosen to
give a directed donation of $10K for Alcor to buy $10K worth of the UK
facility, then I would have been willing to lend him $10K at 75% of
current T-bill rate compounded quarterly.  He did not chose to do that
however.  What he wanted to do was to use my offer to personally
purchase a $10K share in the UK facility.  Although this clearly helps
the cause of cryonics, it is not a direct donation to Alcor.  Rather,
it is a least partially an investment with money making potential for
Eric Klien.  The market value of the UK facility will surely increase
faster that inflation.  Thus Eric Klien and not Alcor would have an
appreciating investment financed at my expense.  I'm not stupid.  That
was not the purpose of my offer.  Eric Klien was not the only one to
try to take advantage of my generosity in this manner.  With one I
might have been inclined to simply chalk it up to their not being able
to see the differences I have pointed out here.  But as it is turning
out I'm a little miffed at being taken for a sucker.  Judging by those
I have met so far, I would have not have expected it from cryonicists.

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