[meteorite-list] meteorites, state of our world etc...

From: Michael Farmer <mike_at_meteoritecentral.com>
Date: Wed, 16 May 2012 08:08:52 -0700
Message-ID: <E7ABED15-B67C-48D1-8FBC-7F5EC2C58814_at_meteoriteguy.com>

These types of financed trips have been tried before, it usually ends badly because of too many factors. I will not be involved again because invariably people feel left out, ripped-off, cheated, scammed or unhappy because someone else got what they feel is a better deal than they did.
accounting is a nightmare and expenses can spiral out of control. better to self-finance if at all possible.


Michael Farmer

Sent from my iPad

On May 16, 2012, at 7:57 AM, "Bob Loeffler" <bobl at peaktopeak.com> wrote:

> HI Chris,
>
> One problem that I can think of would be... what if you had 50 investors who
> financed the expedition and only 1 small stone was found? Many people would
> not want that stone to be cut up (besides cutting a window in it for
> classification purposes), so all of those people would come away with
> nothing even though a stone was found. So this would have to be agreed upon
> before any money is invested. I guess there could be some cutting scraps
> from the "windowing" that could be split up, but splitting that 50 ways
> would be almost impossible because it would be dust, not even sand-sized
> particles.
>
> If two or more stones were found, then keep the largest (or most aesthetic)
> intact and cut up the other one into as many pieces as there are investors,
> plus the meteorite hunter(s). So everyone gets a piece and the largest/best
> is kept in its natural state for all to see (museum or whatever). Again, it
> would have to be decided from the very start what to do with the
> largest/best stone. Does the met hunter get it or does it get donated to
> the hunters' museum of choice? Then individual investors can keep theirs or
> donate to museums of their choice.
>
> But I do like your idea. It would help the met hunters do their "job"
> because they wouldn't have to come up with the capital ASAP when a met event
> occurs like they do now, and it would allow some of us to get in on the
> action without doing the hunting ourselves. I won't be able to do this
> anytime soon (I have a baby due on June 1, although she might be arriving a
> little sooner because my wife was ready to pop a couple weeks ago), but I do
> like the idea.
>
> Regards,
>
> Bob L
>
>
>
> -----Original Message-----
> From: meteorite-list-bounces at meteoritecentral.com
> [mailto:meteorite-list-bounces at meteoritecentral.com] On Behalf Of chris
> handler
> Sent: Tuesday, May 15, 2012 6:29 PM
> To: meteorite-list
> Subject: Re: [meteorite-list] meteorites, state of our world etc...
>
> To be honest, I would consider doing this with an experienced hunter
> such as yourself. It wouldn't be too dissimilar to buying shares in a
> startup company.
> This may be a simple way of looking at it, but it could work something
> like this; A new fall occurs somewhere and it's going to cost roughly
> $10,000 to hunt (Just an example, I have no idea of the actual costs
> involved). As you are the one putting your time, personal risk and
> expertise into the hunt, the $10,000 represents only 50% of the total
> resources used.
> So, if I invested the whole $10,000 and you recovered 10KG of
> material, it would be split 5KG each way. Now $10,000 might be to much
> for any one person to want to risk on the venture or come up with up
> front, so you could offer smaller shares at a more affordable price.
> The $10,000/50% stake could be offered in 50X 1% shares. Each investor
> would only receive 100 grams of the 10KG in this scenario, but they
> would have only risked $200 (plus postage and handling, if the hunt is
> successful) and you've still received 50% of the meteorites without
> any of the capital expenditure. I'm positive there's aspects I haven't
> considered, so please critique it.
>
> On 5/16/12, Michael Farmer <mike at meteoriteguy.com> wrote:
>> I agree that the financial aspect of meteorites is difficult, yet who is
>> going to pay the expenses of hunters like myself who often risk life or at
>> least thousands to tens of thousands of dollars to go around the world and
>> bring them back?
>> If those who don't like the prices want to fund my trips up front, taking
>> the same risks I take, perhaps to lose all their money, the I will send
> you
>> my bank account # to prepay for your specimens up front. Of course if I
>> don't get any or get robbed then you
>> Lose all your money, any takers?
>> Michael Farmer
>>
>> Sent from my iPhone
>>
>> On May 15, 2012, at 11:26 AM, "Michael Bross" <element33 at peconic.net>
>> wrote:
>>
>>> Dear list
>>>
>>> I am really enjoying following this forum for many years now.
>>>
>>> I also have to say, that it is a great mirror of what is going on
>>> on our Earth, in our World... with the crisis, the $$$ being more
>>> and more important etc... etc...
>>>
>>> Just glad I didn't become too crazy about Meteorites, I mean for the
>>> prices...
>>> and the quite new trend and kind of mainstream "gold rush" feel.
>>>
>>> I really want to thank everyone here that continues to discuss about
>>> Meteorites
>>> in a "spiritual", metaphysical way.
>>> Because, beyond the "human" greed... the meteorites are much more...
>>> soo much more... don't you agree ?!
>>>
>>> Last sunday, I was in an "abandoned" ex-Royal Quarry in France,
>>> a quarry opened up by Louis the 14th.
>>> I was with a friend, we found some amazing looking rocks (shape and feel)
>>> ,some are fossils or dendrites or both...
>>> ... they are worth... a couple $$$... but so MUCH in feel and joy !
>>>
>>> Here my 2 cents... in a world which is somehow loosing track to what
>>> really matters... feelings, roots, our human condition... etc...
>>>
>>> Regards
>>> Michael B.
>>> ______________________________________________
>>>
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Received on Wed 16 May 2012 11:08:52 AM PDT