On 11/12/2012 12:53 PM, David Graham wrote:
Hilmar Lapp wrote:
Awesome! -hilmar
Right. So instead of 37,510.86 we don't currently use for anything,
there are now 47,510.86 in the bank we are not likely to use for
anything either. Or did I misunderstand?
Even if that were the case, I'd argue that having $47K in contingency (which
would cover about the first month of a law suit) is better than being in the
hole a single penny.
Having a large reserve is a very good idea. We are a corporation after
all (not for profit but still). We need to have a rainy day fund. If, we
weren't providing for our projects in some way that is a different argument.
Thank you to Google for seeing the benefit to having an umbrella
corporation like SPI.
Sincerely,
Joshua D. Drake
--
Command Prompt, Inc. - http://www.commandprompt.com/
PostgreSQL Support, Training, Professional Services and Development
High Availability, Oracle Conversion, Postgres-XC
@cmdpromptinc - 509-416-6579
_______________________________________________
Spi-general mailing list
Spi-general@lists.spi-inc.org
http://lists.spi-inc.org/listinfo/spi-general
