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VIS-6-3 Financial Requirements. January 8th, 1986
Financial Requirements.
The long term viability of Landsman Community Services Ltd. is
not in serious question. Estimates of net assets within five
years exceed $10 Million. Long term projections are somewhat
more optimistic.
Nonetheless, up to the present, considerable time, energy, and
money has been spent - and misspent - in development. Almost
$200,000 has been applied, $65,000 in cash and the balance in
contracts for shares.
The present liabilities of Landsman are approximately $5,000, of
which about $1,000 are current and critical.
Total necessary operating expenses, including a repayment
schedule for all outstanding accounts, is approximately $1200 per
month.
Revenue from local operations in the Comox Valley, from
registration of LETSystems worldwide, and from consultancy in
associated fields can confidently be expected to meet and far
exceed these expenses.
Almost any day now.
However, without some degree of assurance of support emerging by
January 31st, Landsman will be forced to curtail the scale of
present operations.
While this will not jeopardise the maintainance of existing
operations, it will seriously reduce the time available for
further developments if the principal designer has to go out to
work to pay the bills.
There are many people and organisations in the world, with
considerable assets at their disposal, who are concerned about
how best to deploy those assets.
Any degree of support for Landsman will be both secure and
profitable to all concerned.
We are willing to contemplate almost any options that will
satisfy the requirements of potential backers.
$10,000 will assure the continuity and success of this entire
program.
Lesser amounts will provide interim working capital to maintain
present levels of operation.
We can produce fully detailed accounts and projections for
serious enquiries.
Landsman Community Services Ltd. VIS-6-3 Page 1
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