Tag Archives: liquidation

Kicking The Can

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This is a highlights reel from the Pacifica national board meeting of 3/17. It’s a bit lengthy, but easier to absorb than the full 3 hour meeting.

It begins with the board mandating an “email election” to resolve the mess caused by the board’s determination to seat the last place finisher from an election 3 and a half years ago on WBAI’s local board. The board’s interference gives the Siegel/Brazon majority a 50% plurality by refusing the seat the independent candidate who won the seat in the 2015 election.

Independent rep Bill Crosier observes he was disconnected and kept off the call for a 14 minute interval despite calling in 4 times for reinstatement. Crosier finally emailed a public list-serv protesting he was being kept off the call to force his re-admission to the conference call.

The board passed the “WBAI email election” initiative.

Humorously, the board secretary then tried to announce the results of another “email election” done for a national committee and could only produce one winner for the two seats available (the one from the Siegel/Brazon faction). Not a good testimony to the efficacy of  “email elections”.

Then the board turned to the financial crisis and the dissolution motions passed on Tuesday at the National finance committee. The meeting broke into dissension with Siegel/Brazonite Jose Luis Fuentes breaking with board treasurer Brian Edwards-Tiekert over Pacifica’s failures to complete audited financial statements and attempting to send the dissolution motions and all the draft budgets back to the finance committee. He almost succeeded, losing due to one vote changed at the last minute.

Fuentes and chair Tony Norman then got into a conflict over whether Pacifica’s management letters from their auditors are confidential or not. (They always have been considered so and since the board has now decided they are not, they may be publicly released in short order).

Finally the clip contains the votes to a) refer the dissolution motions and budgets back to committee (i.e. reject them), which was narrowly defeated and b) the motion to require a plan for the DC station including liquidation or sale, which passed narrowly on a 6-5 vote with multiple abstentions.

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CFO Proposes Liquidating DC and NY In 60 Days

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dove

Berkeley-Pacifica’s new CFO Sam Agarwal reported to Pacifica’s national finance committee he anticipated a recommendation in a period of 60 days for the liquidation of Washington DC’s WPFW-FM and the sale, liquidation or lease of NY’s WBAI-FM. Agarwal stated that WPFW was three months behind in central service payments and two months behind in health insurance premium payments and WBAI-FM was two months behind in central service payments and one month behind in health insurance payments. Continue reading CFO Proposes Liquidating DC and NY In 60 Days

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