I agree with the substance of these messages. On December 23 after
members of the LMA Committee reviewed the six-month financials, I sent
our analysis to President Goichberg and others. We predicted a fiscal
year loss in the $100,000-$200,000 and a serious cash crunch in the
summer. We recommended immediate cost-cutting measures in Crossville.
Bill chose to take the advice instead of two undoubted financial
experts in the Federation who projected a much rosier scenario.

Unfortunately weeds came in where the roses were supposed to be.

The new dues plan is fatally flawed for several reasons:
1) it is way too complicated and confusing.
2) It is not price-point sensitive.
3) It will lead to the demise of one important and tangible benefit,
Chess Life. I think something like half of our renewing regular
members
don't play in rated tournaments in any given year.
4) It will lead to declining revenues.

Cordially,

Tim Redman