Policy

Initially, Meteor Inc’s policy is to grow its investment fund through cash donations and bequests. Collections will not be accepted until we have the facilities to look after them.

Investment Policy:

The investment fund was seeded with a gift of 50,000 Cytopia Limited shares.*

* Cytopia Limited is a speculative biotech company listed on the Australian Stock Exchange with a pipeline of mainly anti-cancer drugs some of which have advanced to Phase II human trials. As at March 2008 those shares are worth of the order of $18,000. In from three to five years, that could grow to millions of dollars or, in the event of failure, nothing at all.

Any cash donations and bequests will be invested under direct supervision of Meteor Inc’s committee with the objective of balancing the risk profile of the fund over time. To start with, the fund is all risk, so early donations will simply be deposited in the safest investment option, viz. a reputable cash management trust. As time goes on, a mildly progressive investment policy will emerge whereby some of the money will be put into shares and property trusts where the investment risk is greater but so also are potential returns over the longer term.

Communication policy:

Meteor Inc has a communications policy whereby discussion of its aims and objectives at SF clubs, conventions and literary discussion groups is encouraged.

Publicity tools on the Internet such as email lists, web logs, ezines and the like will be used primarily to direct enquiries to the Meteor Inc website: meteor.org.au.

Fulfilment policy:

When it has enough funds (estimated to be of the order of four and a half million dollars), Meteor Inc will shift its focus to fulfilment of its objectives via the acquisition of premises, accepance of collections and the hiring of qualified librarian/custodians to archive, manage and display them for the benefit of science fiction fans.

Literary researchers will be able to access Meteor Inc’s archives by invitation. Monitoring such activities will be a major function of the committee.