Terri Schehr Posted January 13 Share Posted January 13 That’s great news. These things probably take some time to get untangled. It sounds like Mr. Gavin has been working tirelessly to clean up this mess. It couldn’t have been easy and he’s accomplished a lot. Kudos to him.👏👏👏👏 3 Link to comment Share on other sites More sharing options...
gbass598 Posted January 13 Share Posted January 13 11 hours ago, Richard Lesher said: I congratulate Russ (the new CEO) getting the audits pushed through that the CFO/Treasurer/President couldn't do in the last four years. I caution them that Bingo is still operating upside down, and the Vanguard Cadets will never be able to return until they fix whatever is going on with Bingo (why did they make $1.5M less in face of earning $6M more in revenue). I caution that recent accomplishments of the Board of Directors are: 1) Reduction of SCV's net worth by $3M in a single year. 2) The perpetual termination of Vanguard Cadets. 3) The entire illegal operation of Bingo for the Fiscal year of 2023 (they started the year in a negative liquidity position, there were no reserves to ever pay bingo staff and meet current debts, and there were no sufficient non-bingo income streams to cover that). 4) SCV is still not a member of DCI. All of those things still happened, and bingo remains unreconciled regarding 50% reduction in net income in face of $6M more in revenue (for 2022). I hope irrational excitement doesn't take over. ************ My spouse couldn't be happier that I have no justification to keep focusing on this. 1 Link to comment Share on other sites More sharing options...
IllianaLancerContra Posted January 13 Share Posted January 13 11 hours ago, scheherazadesghost said: This is all I ever wanted since discovering the delinquency months ago. Compliance is a low bar but a very important one that I'm grateful for. My mentor always said a single accomplishment can be dismissed as a fluke so now, keep it up. 👍🏽 This does nothing to change my concerns about safeguarding of members and alum, which is now just policy on paper and must also be demonstrative and consistent. Dogged alumni oversight continues. Bingo! 1 Link to comment Share on other sites More sharing options...
Mello Dude Posted January 13 Share Posted January 13 12 hours ago, Richard Lesher said: 2 3 Link to comment Share on other sites More sharing options...
scheherazadesghost Posted January 13 Share Posted January 13 16 minutes ago, IllianaLancerContra said: Bingo! Double bingo now, technically. 🧐 1 Link to comment Share on other sites More sharing options...
Jeff Ream Posted January 13 Share Posted January 13 54 minutes ago, Terri Schehr said: That’s great news. These things probably take some time to get untangled. It sounds like Mr. Gavin has been working tirelessly to clean up this mess. It couldn’t have been easy and he’s accomplished a lot. Kudos to him.👏👏👏👏 in months he got done what sat for basically 3 years. thats impressive 4 Link to comment Share on other sites More sharing options...
Jeff Ream Posted January 13 Share Posted January 13 36 minutes ago, IllianaLancerContra said: Bingo! i'm hoping they fund more revenue to rely on besides that alone 1 Link to comment Share on other sites More sharing options...
LabMaster Posted January 13 Share Posted January 13 More work to do to be all cleaned up. But so far it appears he has done a good job herding the cats. More power to him. Literally. 4 Link to comment Share on other sites More sharing options...
mcjordansc Posted January 13 Share Posted January 13 A couple of posters have a lot more time on their hands now. 1 Link to comment Share on other sites More sharing options...
Barneveld Posted January 13 Share Posted January 13 7 minutes ago, mcjordansc said: A couple of posters have a lot more time on their hands now. One of them has already moved on to beating up on the Cadets. 2 1 Link to comment Share on other sites More sharing options...
Recommended Posts