X-Message-Number: 6445
Date: 05 Jul 96 03:36:22 EDT
From: Paul Wakfer <>
Subject: Prometheus Update

The Prometheus Project:

      Convincingly demonstrated, scientifically proven and published,
      fully reversible brain cryopreservation within 10 years.


     This is the first daily update and expansion of project information.

Project Funding Parameters

1.   In order to succeed the project needs to know before it even starts that
     it will have funding of $1M per year for each of 10 years.

2.   All funding will remain in the form of sincere pledges only, until the
     entire amount required has been collected. It is requested and expected
     that any individual who *sincerely* wishes to have a good chance for a
     vastly extended life and has a yearly income of over $50,000.00 should
     *be able to* pledge between $5K and $10K per year without any possible
     damage to his or her own health and longevity, and should *want* to do
     so in order to maximize his or her lifetime happiness (by having a
     longer lifetime, of course).

3.   Not a single penny is due or expected from any pledger until:
     a) More than the $1M per year for all 10 years required funding has
        been pledged.
     b) The scientific and business plans have been fully formulated and
        approved by all pledgers.
     c) A corporation has been formed which will:
          (1) issue a stock offering in accordance with SEC regulations,
          (2) conclude a share purchase agreement for the purchase of a
              fixed number of shares at a fixed price for each of 10 years
              with those wishing to purchase shares,
          (3) proceed to execute the project, and
          (4) produce as much profit for the shareholders as possible from
              the scientific results of the project.

4.   Pledges may be made by individuals or corporations either:
     a) directly to The Prometheus Project (to Paul Wakfer) for a minimum
        amount of $1K per year for all 10 years. Such pledges will be for
        the future purchase of shares in a corporation which will be formed
        to execute the project after the necessary pledge total has been
        reached and such share purchase payments will not be tax deductible.
     or
     b) to one of the following organizations as directed donations of any
        amount for any number of years. For these pledges tax deductible
        receipts will be issued when actual payments are made:
                    Alcor Life Extension Foundation
                    American Cryonics Society
                    CryoCare Foundation
                    The Immortalist Society
                    The Life Extension Foundation.

5.   Pledges from the organizations named in 4.b) (which may be from donation
     pledges which have been accumulated together by the organization) will
     be made under the same terms as 4.a) except that the minimum amount is
     $10K per year for all 10 years.

6.   In accordance with SEC regulations, I must state that this information
     is not a solicitation for the purpose of purchasing shares in any
     corporation.


Latest Pledge Total

     As of midnight EDT July 4, 1996, the total of pledges is $107,000.00 per
year for each of the 10 years. A $1,000.00 per year pledge was received from
Methuselah whose testimonial is given below, and another $4,000.00 per year
pledge was received for which I am waiting for a testimonial. Testimonials
from all those who agree to have their names made public will be presented
here in due course. Pledge totals in each category are now:

          8 for $10,000.00 per year for 10 years,
          4 for $5,000.00 per year for 10 years,
          1 for $4,000.00 per year for 10 years,
          3 for $1,000.00 per year for 10 years.


Testimonials and Correspondence

>From $1000.00 per year pledger Methuselah:

"I am pledging $1,000 per year for the 10 years, in support of the
Prometheus project to research brain vitrification.  If only my personal
finances would allow, I would make it much more.  Although I am not a
professional scientist, I am widely read in cryonics issues, and the way I
add it all up, this type of research seems to offer the best possibility
of success for eventual reanimation, and should be our priority focus.

"Paul Wakfer's "nonpartisan" approach is most encouraging, and entirely
necessary for this project to succeed.  There just aren't that many of us
who are sufficiently committed to cryonics to put our money on the line.
This project needs the support and involvement of every cryonicist and of
every cryonics organization.  The business plan for the research
corporation must also provide for equitable and fair access for all
participants, to the results of all research conducted.  If we do these
things, we will move forward together in optimal efforts toward making
cryonics really work for extending our lives.

Methuselah ()"

And Eric Geislinger wrote:

>Fantastic!

>One point - 10 years is a nice round number, but is it the *best*
>number? Is 8 possible? 7? Is 11 necessary? 12? (From my own impression
>of what's going on these days, I personally think that it could be
>shortened. If it can, it should. It's not just the urgency involved, or
>the total money, but the fact that if the goal is set too generous it
>may actually tend to be a factor that will *slow down* progress.)
>It seems like there may be a way to build into the
>funding what amounts to an incentive to finish early. Personally, I sure
>wouldn't mind if they finished in 6 years and got to keep whatever was
>pledged for years 7 - 10.

Yes, I do plan that the 10 years is the maximum that The Prometheus Project
should take. And yes, I plan to make the Share Purchase Agreement be for 10
years or successful conclusion of The Prometheus Project whichever comes
first, so that is the way all pledges should also be regarded. After that the
corporation which has executed the project will continue towards perfecting
whole-body suspended animation and previous share purchasers (pledgers) will
have the right to continue to purchase for the rest of the 10 years at the
same share price.

No question, we certainly *will* try to do it as quickly as possible and if
extra funding is forthcoming we *will* be able to do it faster.


>P.S. Yikes - *another* thought! Thinking over my own financial situation
>I wonder if it may be possible to come in at some point other than the
>beginning? Please leave it open to, say, fund years 4 through 8 or
>whatever.

This has not really been considered except for pledges of donations to the
organizations will can give tax receipts and will themselves make pledges to
the project of equal amounts for all 10 years. From the point of view of
administration and the necessity of finding someone to pledge for the other
part, I do not want to accept direct pledges in such form at the present
time. I am requiring that we have full funding for all 10 years, right up
front before we collect a penny from the pledgers. That is *my* pledge to
you, the pledgers.

I would be very open to having someone else take on the task of receiving and
organizing pledges for less than the 10 year time-span and passing them on to
me when a "pledge set" totalling an equal amount of $10,000.00 or more per
year for all 10 years has been grouped together (notice I'm requiring a
minimum "pledge set" total of $10K here). Even then, however, for several
reasons I would require that the "pledge set" and the later share purchase be
in one name (individual or corporate) only (just as for the tax receipt
issuing organizations named above). I hope this helps.


!!!!! REVERSIBLE BRAIN CRYOPRESERVATION *CAN* BE ACHIEVED IN 10 YEARS !!!!!

Paul Wakfer  email:        Voice/Fax:     Pager:
US:     1220 E Washington St #24, Colton, CA 92324 909-481-4433 800-805-2870
Canada: 238 Davenport Rd #240, Toronto, ON M5R 1J6 416-968-6291 416-446-9461
(currently in Canada)


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