Posted on February 6, 2009 - by Russell
TLMA Having Financial Troubles?
The TLMA is in great need of financial support, which is evident by their search for “new investors”. Only the inner circle of the TLMA truly knows how bad their financial situation is because the TLMA financial status has not been made public. The “members” of the TLMA do not know the financial status of the “organization” of which they are members. The TLMA is a Limited Liability Corporation or LLC for short, which means they do not have to make their financial reports public as do non-profit organizations like the TLBAA or ITLA.
The financial situation must be pretty bleak or they would not be seeking “new investors” to help them stay afloat. The “founding members” of the TLMA are basically share holders. Their “members” are simply customers of the TLMA; they are not equal participants in this corporation because they have no say in the running of the TLMA.
If the TLMA was of any real value to this industry they would be able to meet their financial needs because they would have enough support from new customers (members) joining the TLMA. With any business, it is the support of its customers who want or need its product or service that makes it successful…not more investors. It is hard to get folks to join a group that wants your money but won’t let you have a say in the decision making process unless you are a major investor.
Maybe the TLMA should quit hiding their financials and make their reports public instead of using its “members” to attack and spread rumors about non-profit organizations. TLMA “members” should question why a company they are doing business with is so intent on attacking a non-profit organization.
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February 12, 2009
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Is this why the TLBAA is almost out of operating capital? Because they are not a real value to the breed? C’mon this is ridiculous.
If you know that the TLMA is in trouble, post their financials. Show some proof.
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February 12, 2009
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Also, it should be noted that I am a member of all THREE longhorn groups. I am not partial to any one of them in particular. It is my sincere hope that the TLBAA gets past all of the politicking and gets everything in order. It seems that this is what is driving the industry - politics - when it should be longhorns. And it isn’t just the TLBAA that has this problem. All groups should just get along with one another. It is too bad that board members are resigning from TLBAA. It had appeared that Stacey was someone who would stand up for the membership and help get things moving in a productive manner. I am sorry to hear that she resigned.
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February 13, 2009
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First of let me say that I do not usually post comments that are not companied by an author’s name. I am going to wave that policy this time. I would post their financials but they are not easily made available because the TLMA is a LLC. My opinion is base on observations and research that is still ongoing. You would think that since they are looking for investors that they would want to make their financials available for all prospective investors (at any level of investment) to view. After all an investor should know the financial status of the company he is putting his hard earned money into. There are also some legal issues that will need to be addressed before they can add more shareholders. Has the legal work been done to register the stocks? Without this being done they are limited by law to just thirty five investors, which are their Founding Members. If you are a member of TLMA you should be able to see a financial report?
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February 13, 2009
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It is clear that we may not agree on everything but there is always somethings that we can agree. One, is it should be about the cattle first! I am a member of the two breed registeries and they both have there problems but they both also have there good points. There is more cooperation between the TLBAA and ITLA than ever before, which is good for the members of both associations. So a lot of us are getting along with one another. Ms. Taylor was elected by the members in her region, so she was the person that they wanted to represent them and by resigning she is not doing that. I am sure she has her reasons and I respect them and wish her all the best. Serving on the board is hard work and is not always pleasant. I have seen this first hand as I have attended almost all the TLBAA and ITLA board meetings over the last 5 years. Hopefully the position will be filled with someone who will continue to represent region 8.