Re: [ga] Motion # 1

[George Kirikos <gkirikos@yahoo.com>]

Hello,

--- "Ross Wm. Rader" <ross@tucows.com> wrote:
> I am firmly against taking this motion to a vote.

Ditto. It continues to be inappropriate and out of the scope of the GA.

I checked out the website of cptech.org, to look at their "agenda". I
found some of their positions to be simply hilarious. For instance,
they're angry that Microsoft stock doesn't pay dividends!! Sheesh!

http://www.cptech.org/ms/rn2bg20020104dividend.html

What's incredulous is that their point #1 is actually a *justification*
for not paying dividends, i.e. that shareholders are better off due to
the minimization of taxes. In point #2, there are thousands of other
stocks that one can buy, besides MSFT. Also, if one needed funds, one
can sell a few shares, instead of getting a dividend cheque. If a
dividend is paid, all that happens is that the stock goes down by the
amount of the dividend. So, if it goes down from $50 to $49, and one
had 1000 shares of stock, one could have raised the $500 in funds by
simply selling ten shares of stock at $50, and then holding 990 shares
at $50, with no dividends. Microsoft also saves a lot of cash from not
having to mail out cheques every quarter. (I'm not a MSFT shareholder,
but can understand there are good reasons for not paying dividends)

And these folks at cptech.org expect to be taken seriously? They've
marginalized themselves, and are probably proud of it, too. Let's not
do the same to the GA.

Sincerely,

George Kirikos
http://www.kirikos.com/

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