Jeff Ream Posted November 7, 2023 Share Posted November 7, 2023 2 minutes ago, 2000Cadet said: This is exactly what I'm talking about. It does not matter what statement they put out, what questions they answer. People will still form their own assumptions as to why it happened. well....yes. and no. i mean if they planned a budget and didn't have the funds to pay for it all...that is a failure. I mean yes there's digging super deep and assumptions, but really what HockeyDad said is pretty much accounting 101. Link to comment Share on other sites More sharing options...
HockeyDad Posted November 8, 2023 Share Posted November 8, 2023 2 hours ago, 2000Cadet said: This is exactly what I'm talking about. It does not matter what statement they put out, what questions they answer. People will still form their own assumptions as to why it happened. (Reads new Cadets are being sued thread) Well, now I have my answer. 3 Link to comment Share on other sites More sharing options...
Slingerland Posted November 8, 2023 Share Posted November 8, 2023 And this is the info many of us knew was coming. At this time, the organization needs to focus their energy on resolving the legal question before spending another penny on anything drum corps related, and donations, while well intended, are not well placed until such a time as Cadets can accurately tell donors where and how the money will be spent. 3 Link to comment Share on other sites More sharing options...
Jeff Ream Posted November 8, 2023 Share Posted November 8, 2023 2 hours ago, Slingerland said: And this is the info many of us knew was coming. At this time, the organization needs to focus their energy on resolving the legal question before spending another penny on anything drum corps related, and donations, while well intended, are not well placed until such a time as Cadets can accurately tell donors where and how the money will be spent. may need to sell assets to generate revenue to pay the bills 2 Link to comment Share on other sites More sharing options...
cixelsyd Posted November 8, 2023 Share Posted November 8, 2023 13 hours ago, 2000Cadet said: This is exactly what I'm talking about. It does not matter what statement they put out, what questions they answer. People will still form their own assumptions as to why it happened. No... it does matter what they say, and whether it is true. Those things always matter when charitable contributions are an indispensable part of your budget. 5 Link to comment Share on other sites More sharing options...
LabMaster Posted November 8, 2023 Share Posted November 8, 2023 10 hours ago, Jeff Ream said: may need to sell assets to generate revenue to pay the bills Hearing they’ve sold nearly everything and what was borrowed rented or lease was returned. There may be nothing left of value to pay off all debt I’m guessing. 1 Link to comment Share on other sites More sharing options...
JimF-LowBari Posted November 8, 2023 Share Posted November 8, 2023 Just picturing Erie group thinking of this time last year when things were really looking up for the area drum corps wise. 😔 1 Link to comment Share on other sites More sharing options...
2000Cadet Posted November 8, 2023 Share Posted November 8, 2023 (edited) 16 hours ago, HockeyDad said: (Reads new Cadets are being sued thread) Well, now I have my answer. Congrats on your vindication. Now you all can continue with your schadenfreude. And when they fold permanently, you can all rejoice. As to the person who is suing them, GOOD. Sick of the bad behaviour from these stupid adults. I'm done for good with all this. Edited November 8, 2023 by 2000Cadet Link to comment Share on other sites More sharing options...
Jeff Ream Posted November 8, 2023 Share Posted November 8, 2023 1 hour ago, 2000Cadet said: Congrats on your vindication. Now you all can continue with your schadenfreude. And when they fold permanently, you can all rejoice. As to the person who is suing them, GOOD. Sick of the bad behaviour from these stupid adults. I'm done for good with all this. we don't want them to fold. we want them to run a smart business. however while getting out of YEA was good, i don't think enough was done to set them up financially for troubled times, especially moving 7 hours away 2 Link to comment Share on other sites More sharing options...
Terri Schehr Posted November 8, 2023 Share Posted November 8, 2023 3 minutes ago, Jeff Ream said: we don't want them to fold. we want them to run a smart business. however while getting out of YEA was good, i don't think enough was done to set them up financially for troubled times, especially moving 7 hours away It’s difficult without an off-season source of income. 1 Link to comment Share on other sites More sharing options...
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