Oh, we got one M pundit now in FF. He has been at it chanting every day at the Devi Mandir temple on Burlington Street.
Probably everything positive the Tmorg recently points to as having happened has actually come along in that one pundit working on our behalf, separate from the TMorg, don't you think? I don't know what the movement did with the 190 million cash raised but a pundit was brought through the immigration hoops to FF recently pretty easily by private effort. May be the TMorg. should fork some of their money over to others to help if they can't succeed with it. -Doug in FF --- In [email protected], "jyouells2000" <[EMAIL PROTECTED]> wrote: > > > --- In [email protected], "markmeredith2002" > <markmeredith@> wrote: > > > > --- In [email protected], bob_brigante no_reply@ wrote: > > > > > > --- In [email protected], "markmeredith2002" > > > <markmeredith@> wrote: > > > > > > > > --- In [email protected], bob_brigante <no_reply@> > > > wrote: > > > snip > > > > > As far as the MGDF having $3 million in cash, that's cash, not > > > investments, which is what constitutes the bulk of the $190 > > > million.You are incorrect in saying that the $190 million in assets > > > of the MGDF is "old money" from the 1990s. The MGDF was nearly empty > > > after it "lost" the value of the Global Link stock (which never had > > > any real value, anyway): > > > > > > http://groups.yahoo.com/group/FairfieldLife/message/996 > > > > Wrong again Bob. The MGDF had net assets of $552 million in 1999. In > > 2000 it took a loss of $325 million on its investments, primarily > > Global Link stock, as well as a few others, leaving it with $241 > > million in net assets at the end of 2000. I wouldn't say that $241 > > million in assets is "nearly empty", in fact it's more than the latest > > $190 million value of the fund, so your implication that the fund has > > built itself back up since its big globallink loss is wrong, since the > > fund has actually declined in value since then. > > > > It you analyze the inflows and outflows you'll see that most of the > > donations since 2000 are being spent on domestic operating expenses or > > transferred to offshore accounts. The main investments in MGDF have > > been there since before 2000, primarily real estate, but also a host > > of other things, including a $1.8 million yacht for example. > > > > As far as your initial claim that this fund is funding the pundits > > with the interest earned on its $190 million in net assets, that just > > can be as most of its assets are real estate and other non- interest > > paying investments -- in 2000 the fund earned $175,000 in > > interest/dividends, in 2004 it earned $185,000. Periodically it sells > > some real estate for a capital gain. > > > > > A 1.8 million dollar yacht? I can just see it. Let's get those pundits > just outside the US 10mi limit! Or is it to inspire people to start > meditating? Retrieve tired yogic flyers from a rough landing at sea? Or > was King Tony tired of his house in Fairfield? Pundit vacations? Oh, > wait the yacht's just to ferry building materials to the Indian > Brahmastan... > > > JohnY > To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/FairfieldLife/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
