cybersnyder

Members
  • Content Count

    687
  • Joined

  • Last visited

Posts posted by cybersnyder

  1. 2 minutes ago, Fred Windish said:

    Flo subscriptions to rise?

    Likely, but does Flo pay the venues for the right to broadcast the performances. Based on the price, I doubt it’s much. If butts aren’t in seats, cancelation becomes more likely. Flo seems to have issues with normal levels of traffic. 

  2. 1 hour ago, HockeyDad said:

    I wonder if anyone is thinking this through. We are in such a nanny state mentality we want “somebody” to take care of us while we hide under the covers and hope it all goes away. Ok. And so the nanny state responds.  Example - close schools. Ok. School is closed. Now what?  Where do the kids go?  Do they have to stay inside their homes?  Can they play together?  Do they need adult supervision?  Who will do that?  And - when will you reopen the school?  What criteria will you use to decide?  When no new cases exist?  What if that means school remains shuttered until the end of the school year?   Ugh. Yes it’s bad. The flu is bad. There are deaths. That’s horrible. So is the panicked reaction. How about  - Wash your hands. Stay home if you’re sick. Stay away from people if you’re sick. Avoid large crowds if you’re at risk. And if you’re at risk you know it. You know what to do. Stop panicking. 

    One key difference is that there is a vaccine for most strands of the flu. 

    • Thanks 1
  3. 6 hours ago, GUARDLING said:

     not close...Think about everything from food , transportation, rehearsal locations, etc etc it's crazy .

    Even a small winter program struggles with costs, especially rehearsal facilities " IF " you can get one

    “Also” the key word meaning in addition to. Tuition doesn’t cover their costs, but the corps don’t play for free. 

  4. 23 minutes ago, DCIat14 said:

    Can we all just agree that these kids are no elderly people living in a retirement home?  Moving on...

    60+ attend shows and people like bus drivers tend to skew older. It's not just what's on the field. But 30-40 groups of 150 "kids" traveling all across the United States could help spread the virus more quickly. I'm not calling for the end of the 2020 season, but there certainly is a risk to it.

    • Thanks 1
  5. 31 minutes ago, HockeyDad said:

    I’ll predict this will have burned itself out by June and the shows will go on. Let’s revisit this in a couple months. 

    It's unlikely that they'll wait until the last minute to make a call. The Bond film was delayed due to Covid-19, DCI can't really delay a season so the only options will be to hold the event or to cancel the event. I don't think corps will be impacted much, but attendance at events could be severely limited. There always seems to be a large number of 60+ at DCI events.

  6. 3 minutes ago, Brian Tuma said:

    Beat me to it! The entire class would lift them to their noses in unison. 

    I remember being asked to take the test to the office to be copied. YES!!!!!

    Edit: TIL - it was  a mix of methanol and isopropanol. Also, it was "spirit duplicator" or "ditto machine". Mimeograph was a competing process that used a forced wax stencil. 

    • Like 1
  7. On 2/28/2020 at 5:09 PM, Poppycock said:

    Believe the sales is a result of how DCA is perceived. Little league town and Labor Day weekend probably doesn’t help much either. Might be a lot of let’s wait and see type of buyers too. It all comes down to perceived value. 

    Why buy now when you can buy day of and skip if the weather is bad?

    • Like 2
    • Thanks 1
  8. If it begins to spread in the US, it will likely end a lot of things that his year. It depends on how well it is contained. Impacted will be gyms, theaters, malls, restaurants, sporting events, etc. They’re even talking about the possibility of canceling the Olympics.  For now, it’s speculation, the number of deaths is lower than the flu, but the rate is 20x higher. 

  9. The only shout out I despise was the 2000 SCV / Crystal one on the recording. But I guess I shouldn't complain too much, my daughter was about 4 and we were high up in the stands, forget the corps but right at the big pause in the ballad my daughter yells, "Look! A fire tuck!" There was one off in the distance driving somewhere. She was not into the shows that night and we were luckily not anywhere near a mic and the diehard fans around us thought it was cute.

    • Haha 2
  10. 23 minutes ago, garfield said:

    They were, until YEA! booted Cadets out to be their own entity.

    Booted, but what did they take with them? YEA lists ~ $1.3 million in assets, none of it land nor buildings in their 2018 990. What are their assets after the divorce and what are the Cadets assets now?

  11. 25 minutes ago, garfield said:

    So, how much of a million dollar debt does a highly customized equipment trailer offset in a liquidation sale?  I can tell you how much the staff-sleeper is worth, and you can buy empty trailers galore for $2,500.  The kitchen probably has value, but I'll leave to someone else to describe what it may be worth to another drum corps.  All told, I'd be shocked to find out that their rolling stock is worth $100m.

    Most likely, a bk judge will look at the equipment that Cadets took as being the minimum necessary for them to provide their mission.  Generally, bk judges don't look to destroy what's good about an org facing liquidation.  If the bk judge is actually a Blue Knights' vet (see what I did there? Heh.) he might enjoy being the last nail in Cadets' coffin.  But, I would argue that the societal benefit of Cadets continuing to provide their mission is worth much more, if even only societal benefit, than settling Cadets' equipment for cents on the dollar. 

    Also, it's unlikely that a judge is going to interject his financial views into an agreement made between the parties, and I doubt many judges would be familiar enough with the demands of a competitive drum corps to suggest one number might be more appropriate than another.  The parties don't have to agree to allow YEA! to spin off Cadets, and almost anyone can see that Cadets are YEA!'s biggest obligation and anchor.  I would imagine a judge would whole-heartedly agree to let YEA! spin that off.

     

     

    Good points, just saying that there is definitely a risk and I hope the Cadets have competent counsel.

    • Like 1
  12. 4 hours ago, garfield said:

    Not to mention that there's Chapters 11, 13, 7...

    Not all of those treat creditors in the same way.

    A presumption being made here is that Cadets made deals by themselves out from under the YEA! umbrella.  Not even GH would be so stupid.  And, frankly, because Cadets was not a  separate entity with their own Fed Tax ID, I'd bet almost all, if not all, debt was incurred under the YEA! banner.  In fact, a case can be made that YEA! was prudent in shedding Cadets as their biggest expense.  If their biggest revenue source, USBands, can't make it anymore, well, then bank-o it is.

     

    But do they allow them to take YEA assets? Maybe they purchased them from YEA with some kind of repayment plan that was generous.

  13. 6 hours ago, dbc03 said:

    IANAL but in terms of program costs/revenues it makes financial sense for YEA to drop The Cadets since they have historically cost more than they bring in. I think there is a hope that detaching from YEA brings in more money for The Cadets because it will be clearer where your money is going, the impression I got from the livestream the other night is that some people weren't willing to donate to YEA because they didn't know where there money was going, was it going to The Cadets or was it going to some other YEA program?

    It legitimately seems like the intention is for this to be in the best interests of both organizations and not just a way to drop a bunch of debt on YEA who then goes bankrupt. The unknowns are how much more The Cadets can bring in as a stand alone entity and how much the rest of YEA suffers from losing the connection to The Cadets.

    I guess I'm just looking at worst case scenario of them being on tour and the equipment truck or food truck being repossessed. I believe that the instruments were on loan due to a generous benefactor, so they should be safe. Hopefully the equipment was sold to the Cadets when they spun off. The lawyers would know how to shield things like that.

    • Like 1