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<body class='hmmessage'><div dir='ltr'>Dear Ms. Courtney,<div><br></div><div><br></div><div>I just found the following quote from Stuart Campbell: "(John Coate)</div><div><br></div><div><br></div><div>has implemented sound financial procedures and dispatched the huge</div><div><br></div><div><br></div><div>debt and generally navigated the KZYX ship through quite choppy</div><div><br></div><div><br></div><div>waters, under lots of stress and he has done so with aplomb. He will be</div><div><br></div><div><br></div><div>missed." I found that quote here:</div><div><br></div><div><br></div><div><a href="http://theava.com/archives/44886#2" target="_blank">http://theava.com/archives/44886#2</a></div><div><br></div><div><br></div><div>Have you checked those waters lately? If we're to believe the so-called</div><div><br></div><div><br></div><div>audit from last year, MCPB had $78,000 in net assets under its keel then:</div><div><br></div><div><br></div><div><a href="http://kzyx.org/Board/audits/MCPB-Audit-Report6-30-15.pdf" target="_blank">http://kzyx.org/Board/audits/MCPB-Audit-Report6-30-15.pdf</a></div><div><br></div><div><br></div><div>Today that figure is only $11,000:</div><div><br></div><div><br></div><div><a href="http://www.kzyx.org/index.php/about-us/volunteering-at-kzyx/102-station-business/249-mcpb-2016-budget-as-passed" target="_blank">http://www.kzyx.org/index.php/about-us/volunteering-at-kzyx/102-station-business/249-mcpb-2016-budget-as-passed</a></div><div><br></div><div><br></div><div>And who's your navigator today? Why, it's Mr. Campbell!!! The very</div><div><br></div><div><br></div><div>same fellow who praised Mr. Coate for dispatching KZYX's 'huge <span style="font-size: 12pt;">debt'.</span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;">If you'll recall, Mr. Coate calculated a 'burn rate' for KZYX. You can see</span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;">that in the so-called audits. MCPB's net assets in 2014 amounted to</span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;">$160,506. One year later, that amount was $78,446. Can you subtract,</span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;">Ms. Courtney? MCPB went through $82,060. That's $6,838 a month.</span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;">Those so-called audits are all here:</span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;"><br></span></div><div><a href="http://www.kzyx.org/index.php/about-us/station-business/mcpb-bylaws-and-financial-statements" target="_blank">http://www.kzyx.org/index.php/about-us/station-business/mcpb-bylaws-and-financial-statements</a></div><div><br></div><div><br></div><div>Have you measured your freeboard lately? That's the distance between</div><div><br></div><div><br></div><div>the waterline and the deck. Why would you? Your navigator has been</div><div><br></div><div><br></div><div>telling you that everything's fine. <span style="font-size: 12pt;">Have you spotted any leaks? How </span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;">could you? Somebody nailed the hatch covers shut. The same fellow</span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;">your navigator was praising.</span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;"><br></span></div><div>How about your navigator? Have you checked his work for accuracy?</div><div><br></div><div><br></div><div>Ask him to show you KZYX's debt before Mr. Coate arrived. And after</div><div><br></div><div><br></div><div>he left. Ask him to pull the nails out of the hatch covers first. If you've</div><div><br></div><div><br></div><div>got the nerve. Otherwise, leave everything to him. Like you've been</div><div><br></div><div><br></div><div>doing all along.</div><div><br></div><div><br></div><div>If the Good Ship KZYX runs aground, somebody <span style="font-size: 12pt;">will take the blame for </span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;">it. And it won't be your navigator.</span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;">Sincerely,</span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;">Scott M. Peterson</span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;">Mendocino</span></div><div><span style="font-size: 12pt;"><br></span></div><div><span style="font-size: 12pt;"><br></span></div><div><div style="line-height: 21.299999237060547px; color: rgb(68, 68, 68); font-size: 15px;"><span style="line-height: 21.299999237060547px; background-color: rgb(255, 255, 255);">cc: (MCPB Board Members)</span></div><div style="line-height: 21.299999237060547px; color: rgb(68, 68, 68); font-size: 15px;"><br style="line-height: 21.299999237060547px;"></div><div style="line-height: 21.299999237060547px; color: rgb(68, 68, 68); font-size: 15px;"><br style="line-height: 21.299999237060547px;"></div><div style="line-height: 21.299999237060547px; color: rgb(68, 68, 68); font-size: 15px;">- - - - - - - - - - - - - - - - - - - - - - - - - - - - </div></div><div style="line-height: 21.299999237060547px; color: rgb(68, 68, 68); font-size: 15px;"><br></div><div style="line-height: 21.299999237060547px; color: rgb(68, 68, 68); font-size: 15px;"><br></div><div><br></div><div><br></div><div><br></div><div><br></div><div><br></div><div><br></div> </div></body>
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