[amsat-bb] Re: Phase 4 versus Eagle

[Rick Hambly (W2GPS)]

That AMSAT's non-profit status is an impediment to our doing business like
any other corporation is a common misperception. We can hire employees, take
contracts, earn money, spend money and, in general, act as any other
corporation if we choose. It is in what we do with the money we earn that
differentiates us. We don't distribute the money to the owners through
dividends. Instead we reinvest all our funds into our educational missions
(like launching satellites).

Rick
W2GPS
AMSAT LM2232
 

-----Original Message-----
From: amsat-bb-bounces at amsat.org [mailto:amsat-bb-bounces at amsat.org] On
Behalf Of MKM
Sent: Wednesday, December 12, 2007 10:56 PM
To: amsat-bb at amsat.org
Subject: [amsat-bb] Re: Phase 4 versus Eagle

Then, it is time to make amsat a for-profit organization.


On Dec 12, 2007, at 10:08 PM, Andrew Glasbrenner wrote:

>
> The money has to come first, then the satellite gets built and  
> launched, not
> the other way around.
>
> 73, Drew KO4MA
>
>
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