[FPSPACE] More on MirCorp
Fri, 22 Sep 2000 14:13:20 -0400
Would Mir make a really good tax shelter, like the
At 01:59 PM 09/22/2000 -0400, Dwayne Allen Day wrote:
>On Fri, 22 Sep 2000, Anatoly Zak wrote:
>> MSNBC piece partially based on this story I did this week:
>> Yes, MirCorp people told me they needed more money to keep Mir operational
>> in addition to $40 million they currently raised, and they were very
>> optimistic that new customers will be found and the station will continue
>> flying. Tito does go to Mir, not to the ISS, it is decided and was paid
>Well, I wonder how much of that $40 million is actually in MirCorp's
>pockets right now. I doubt that they have all of it. It may be in
>Think about it: if you were Dennis Tito or Mark Burnett
>(Survivor) would you give MirCorp $20 million (each) up front for a
>service that you don't get until 6-12 months from now? First, there is
>the issue of not wanting to give away money for something that might not
>happen at all (why not 50% now and 50% upon completion?). Second, if I
>had $20 million, I would want to keep it in the bank, earning interest,
>for as long as possible. So I would argue with MirCorp that I should only
>pay part of the money now and the rest months from now.
>I don't know of many businesses that pay all of their cash up front and
>then wait 6-12 months for delivery.
>> Next Mir expedition not "might" be downsized, like Lenorovits said, it WAS
>> downsized already: 10-14 days instead of 3-4 months. MirCopr can't pay
>> replacement crew at this point, and Tito does not want to fly for three
>> months I was told.
>Yeah, but are they talking about additional downsizing of missions? This
>part struck me as odd, because it seemed as if the MSNBC article was based
>upon new reporting--unless the reporter did not realize that the missions
>had already been downsized and he was reporting this as "new to him."
>(I noted two months or so ago that MirCorp managed to spin their story
>very well when they announced their next missions--nobody noticed that
>they essentially slipped their fall 2000 mission to early 2001. Instead,
>it was covered as a major announcement of their plans.)
>I think that the financing of this thing could end very ugly. What
>happens if MirCorp folds before Tito and Burnett get their part of the
>deal? What if MirCorp goes bankrupt? Do they lose their cash?
>I think it was Mr. Portree who said that this whole thing seems a lot like
>Biosphere II. Remember how that ended--with lawsuits and court orders and
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