SSA
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SSA has not written any posts yet.
At this stage we have 9 investors and are talking to 2 more people.
We've incorporated but disciplined ourselves to having at least the first 10 before we start spending significant amounts of money on development. Looking for land and construction are therefore set to start very soon but we will continue to accept investors through the construction period until the facility becomes operational.
We recognise that there is a risk factor involved with signing up for a cryonics organisation that is completely new (so new it isn't even operating yet). That's why the pioneering investors are given increased voting rights and involvement in the project along with a number of other benefits.
Once we... (read more)
The short answer is... Such a thing is likely to be possible.
When we were developing the business plan for SSA we tried to look at the history of Cryonics, particularly in relation to its failures, in order to try and avoid any obvious mistakes. This is one of the reasons we decided to look for 10 investors for the project. Our reasoning is that if we can find 10 people willing to put up the money for their own suspension at the very beginning, this strongly indicates a level of interest to make the facility viable in the long term, as opposed to 1 or 2 individuals putting up all the money.
We... (read more)
Allow me to introduce myself. My name is Mark Milton and I'm one of the directors of Stasis Systems Australia. I've read the comments below with some interest as they are many of the same considerations we have had over the last 2 years. I'd like to reply to some of them if I may and I'd welcome any and all discussion on this or related topics as while we have done a lot of thinking and research there is no denying that Cryonics is still in its infancy, (relatively speaking), and input is always a good thing.
Why bother setting up in Aus? Alcor, CI and KrioRus seem to be doing an excellent job... (read 743 more words →)
I'm afraid we don't at this point Maelin. We probably wont have a good idea of fee structure until about a year from now.
I can say that the investors who pay $50,000 are exempt and will always be exempt from annual fees. (Though that doesn't really answer you question).
We anticipate that most clients will finance their suspension through life insurance policies as you plan to and our aim is to make any ongoing fees as low as possible. This is partly because of an ideology of making Cryonics affordable to as many people as possible but, given the relatively small size of Australia's population, it will be especially important to make make our services accessible to as large a cross-section of the community as we can.
When we have a better idea of the fee structure we'll certainly let you and others know. Mark