Group: Ipernity Members Association Project
26 April 2017: Acceptance!
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Based on a Skype® call today with Christophe, there is reason for optimism. The Ipernity platform appears to remain viable with the new reality – decline in memberships since January and existing direct expenses, some of which can be reduced resulting in up to 5000 Euros of savings per year. We are awaiting further information.
It is anticipated IMA will receive firm numbers and copies of invoices regarding revenues, expenses and actual membership figures by the end of the week that hopefully confirms site viability.
Other topics such as contractual obligations (negligible aside from Amazon Cloud), network configuration and transfer logistics were also discussed. Also please be sure if IMA takes over the platform, all features including compatibility with mobile apps will remain.
Please know we do not take your donations and the responsibility thrust upon us lightly. If the site is viable with a bright long-term future we will enter into agreement with Ipernity S.A. early next week. If it is not viable or the long-term future remains uncertain, we will end the effort and return the donations. Disappointment alone is better than disappointment and loss of money.
If we enter into agreement to takeover the platform, please know the original 100K Euro revenue-sharing figure based on certain outcomes has been removed. This is a win for everyone here since it will allow this excess revenue to be invested into the site and give IMA flexibility to consider a reduction in membership dues.
Finality is near. A final Skype® call will be held early next week to conclude a deal one way or the other. We ask for a few more days of your patience even though the uncertainty has been very difficult and challenging. Most importantly, thank you for placing your trust in us to do the right thing with your words of encouragement, prayers and contributions.
It is anticipated IMA will receive firm numbers and copies of invoices regarding revenues, expenses and actual membership figures by the end of the week that hopefully confirms site viability.
Other topics such as contractual obligations (negligible aside from Amazon Cloud), network configuration and transfer logistics were also discussed. Also please be sure if IMA takes over the platform, all features including compatibility with mobile apps will remain.
Please know we do not take your donations and the responsibility thrust upon us lightly. If the site is viable with a bright long-term future we will enter into agreement with Ipernity S.A. early next week. If it is not viable or the long-term future remains uncertain, we will end the effort and return the donations. Disappointment alone is better than disappointment and loss of money.
If we enter into agreement to takeover the platform, please know the original 100K Euro revenue-sharing figure based on certain outcomes has been removed. This is a win for everyone here since it will allow this excess revenue to be invested into the site and give IMA flexibility to consider a reduction in membership dues.
Finality is near. A final Skype® call will be held early next week to conclude a deal one way or the other. We ask for a few more days of your patience even though the uncertainty has been very difficult and challenging. Most importantly, thank you for placing your trust in us to do the right thing with your words of encouragement, prayers and contributions.
This discussion has been closed by William Sutherland.
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William Sutherland clubThe objective of this call will be to state the importance of protecting the reserve and setting a firm deadline for payment of Amazon hosting expenses and transfer of the platform from Ipernity S.A. to IMA. In fairness to everyone especially for your patience that has been tried, this process cannot be extended any longer.
Hopefully this call will result in a favorable outcome with Ipernity S.A. making a firm commitment to transferring the platform on a set date before the end of this month.
Please know, IMA is committed to pursuing the best interests of Ipernity's members. We thank you for the trust you placed in us and your support, words of encouragement, suggestions, feedback and prayers.
Last, we can all be proud knowing we raised about the same amount of funds in two weeks that Blipfoto raised in two months! The key difference was that the approximately $100,000 above their $30,000 figure represented revenue from their stock offering, not donations!
William Sutherland clubBased on revenue projections and actual operating costs (with anticipated annual increases), as well as the example of Blipfoto®, the platform with its unique features that include but are not limited to “Photos-in-photos,” comment translation, blog forum that allows the use of photographs and illustrations, music and video uploads, retains viability and has a bright future for long-term sustainability even though the first two years will be challenging.
Everyone who helped with suggestions, feedback, support, and donations should be proud. Without everyone’s efforts, the site would have been shut down 31 January 2017 with no long-term future. Also as I mentioned before, we can be proud to have achieved a comparable level of donations in two weeks that took Blipfoto® 2 ½ months to realize: $29,180 vs. $35,994 (a figure that excludes revenue raised through the issuance of shares of stock).
Annual Profit/Loss Forecasts:
Year 1 – 2017-2018: (95 €) to be covered by the reserve established from the initial crowdfunding donations
Year 2 – 2018-2019: 60 €
Year 3 – 2019-2020: 1,030 €
Our forecasts do not include an estimated .5% to 3% revenue enhancement less processing costs and other fees through a permanent crowdfunding presence that will enable members to make optional donations above the membership fee. Blipfoto® also maintains a permanent crowdfunding presence and if it had not been for these donations that exceed 3,000 €, BlipFutureCIC® would not have broken even for the year ended 2016.
Please be aware that to date much of the process with re: to timeframe was dictated by Ipernity S.A. and even when our proposal is submitted by no later than 6 April 2017 with the objective of taking over the platform on 30 April 2017, external parties such as the administrator may dictate the final timeframe or even outcome.
Nevertheless even though it seems like the process to date has taken an eternity, IMA and Ipernity S.A. are actually operating under a compressed timeframe in comparison to Blipfoto®. The entire process from the inception of uncertainty triggered by liquidation to the site purchase by BlipFutureCIC® took 11 ½ months (March 2015 to 18 February 2016). If all goes well, the entire process from the shutdown notice to the Ipernity platform takeover by IMA will be completed in less than 6 months or nearly half the time.
Finally, everyone should be aware that as with any business venture, there are associated risks that range from unanticipated expenses, unforeseen operating issues, potential membership attrition, less than anticipated revenue to the emergence of unforeseen competitors, long-term obsolescence due to technological advancement if the platform remains permanently static without upgrades and reconstruction to outright failure. Nevertheless, the benefits of trying outweigh the cost of simply writing off this unique platform that has fostered a real community of social friendships of people who share a passion from all around the world.
If our takeover proposal is approved, which is likely, the destiny of Ipernity will be in everyone’s hands. If everyone lives up to their survey commitment(s), our efforts will succeed. I cannot stress enough that we need everyone’s help since ultimately success or failure in reality will be shared equally among us all. Again much thanks is extended to everyone for enabling us to get this far.
p.s. Because of the enormous time requirements to complete these next few steps, I will be unable to participate in groups, extend invitations and comment on photos for the next few days. My apologies go to everyone who has submitted photos to my groups.
William Sutherland clubIMA's proposal was formally submitted to Ipernity S.A. at 10:00 AM GMT. I will work on formatting it tonight to post a copy here. Please know it was created based on statistical analysis, existing costs, economic realities, and standard business practices. We believe it is a fair and equitable offer that protects membership interests and offers a defined path to create the new, viable Ipernity with a sustainable, bright long-term future.
The next decision is up to Ipernity S.A.
William Sutherland clubipernityma.wixsite.com/ipernityma/formal-proposal
To read the proposal, please double-click on the .pdf icon and the document will open. It was too complex to include in this thread due to significant formatting issues.