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Proposed spending plan for 2005


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Subject: Proposed spending plan for 2005


I understand from the minutes of the last conference call that Patrick Gannon has asked us for:

 

1)       a monetary cap on the consultant contract, and

2)       a spending plan for 2005.

 

I attach a memorandum proposing how we should respond to both requests.  It also contains a financial report that I received today providing very helpful detail on our income and expenditures.

 

I gather from the minutes that Patrick wanted these answers ASAP.  I am willing to hold off on these decisions until our next conference call on November 10th if any member of the Steering Committee so requests.  Otherwise, we may be able to reach agreement on these issues by email.

 

I look forward to your responses. 

 

John M. Greacen

Greacen Associates, LLC

HCR 78, Box 23

Regina, New Mexico 87046

505-289-2164

505-289-2163 (fax)

505-780-1450 (cell)

 

2005 spending plan proposal.doc



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