The Accounts

I realize that the accounts for such an audacious plan must be both transparent and well managed.

Thus the accounts will be carefully organized to ensure the success of the refit and to provide the appropriate time for the book. Ensuring that the funding raised is applied to the promised efforts and there is documentation is critical to both the contributors and myself.

Two hundred pledges at two hundred bucks is simple math. With forty percent for the refit materials and sixty percent for the “book retainer”, it will provide both enough for me to get by while writing and refitting and procure the refit materials list. $16000us for materials and $24000us to live on for the one year project.

I will divide the $24000us retainer for the book into weekly allotments ($480us) and transfer them each Friday from the pledge fund into the “Book “account, preventing over expenditures. For the refit transparency I will draw what is needed from the Refit materials account and include the receipts in the accounting which is emailed to shareholders periodically.

THE GUARANTEE

Every day words will be placed on paper. Some of it will undoubtedly be dribble but the key is to keep the typewriter buttons greased and the words rattling around and a gem or two will settle out.

Every day progress will be made on Cassiopeia and she will come back up to the boat we know and love.

I will be completely committed to the spirit of this project and see it as an opportunity to reconnect with the many souls who have already helped me along my amazing journey, to repay my beloved Cassiopeia for her many years of grace and create a work which will entertain and inspire people to follow their dreams and think out of the square!

I guarantee to fix Cassiopeia and produce a manuscript in one year.

Signed,
Captain Harold Neel

THE PLEDGES

When I receive your pledge email I will return a confirmation which will include the partnership agreement in the book and an account number for the funds to be transferred into. You will be allotted a pledge number. You may request to have your pledge listed as anonymous if you need. Bank transfers or Western Union or any method of your choice will be happily accepted.

THE BOOK

Each pledger gains a percentage share in the pledge group which becomes a publishing partner in the book . As part of that group each pledger will initially recoup their pledge from any royalties produced and then the group will receive 50% of any profits thereafter.

Each pledger will receive a signed and numbered edition of the book corresponding with their pledge number.

I will investigate publishing houses, self publishing, Ebook concepts and have a number of friends in the industry prepared to help.

THE BOAT

Cassiopeia will be saved ! Then she will be available for running cost charters and couch surfing and working holidays and any other fun and viable arrangements that can be made for all pledgers.

THE REFIT ESTIMATES

Here is some accounting which I have thought out for the cost involved for the repairs and upgrades. All of the cost listed are for the materials and the estimates for the labor are shown as man/days.

A worksheet showing the types of things that Cassiopeia needs. This is in no way exact but is a reasonable guideline for what it will take to bring her up.

Note, these figures were compiled before the near sinking but are still reasonably viable.

	Cassiopeia Refit Cost Estimate
	Live aboard section
Project list
	Materials	Materials	Materials	Materials	Labor Helpers	Labor Skilled
		Quantity	Unit Cost	Total Cost	days	days
Topsides Paint					3	3
	latex paint 4 litres	2	80	160
	caulking tubes	4	10	40
	brushes	2	25	50
	roller covers	2	3	6
	sandpaper sheets	10	1	10
				266
Deck Paint					1	3
	Elastomeric paint 20 liters	2	190	380
	Paint latex covering board 4 liters	1	80	80
	caulking tubes	2	10	20
	brushes	2	8	16
	roller covers	2	3	6
	grinding disc	4	3	12
				514
Deck repairs					1	3
	4 x 2 x 3m dressed treated pine	6	20	120
	3 inch stainless screws box	5	22	110
	Caulk tube Sikaflex	6	15	90
	Plywood sheet 21mil	1	90	90
				410
Bottom Carrening					3	5
	Antifouling paint 25 litres	3	800	2400
	epoxy resin 4 liters	1	200	200
	plank for dutchmen	1	60	60
	planks for possible replacement	3	60	180
	through hull fittings	4	125	500
	cutlass bearing	1	100	100
	zinc	1	30	30
	fiberglass mat meter2	3	20	60
	two part cemet epoxy 4 litres	1	150	150
				3680
Ceiling Paint					2	3
	latex paint white 4 L	2	80	160
	Sandpaper sheets	10	1	10
				170
Exterior Wood Varnish					2	3
	Setol 500 ml	6	60	360
	sandpaper	10	1	10
				370
Water tank					1	4
	Plywood 21 mil	2	90	180
	Fiberglass mat m2	10	20	200
	1 1/2 stainless screws box 100	1	40	40
	epoxy resin 4 liters	1	200	200
				620
Upholstery
			500	500		contractor
Mast Oiling					2	3
	linseed oil boiled 4 litres	2	30	60
	Penetrol 4 liters	2	60	120
	turpentine 4 liters	2	20	40
	sandpaper	25	1	25
				245
Duck board					1	4
	Edge planks	2	75	150
	Stainless custom hinges	4	75	300
	epoxy resin litre	2	50	100
				550
Refrigeration
	inverter 1500 watts			600
	Chest freezer			450
						Labor Total
	TOTAL LIVE ABOARD			8375	16	31
	Cruising Sailing Section
running rigging					4	4
	1/2 inch Sampson Braid white 200 meter roll	2	700	1400
	shackles	10	8	80
	block straps	10	15	150
	block cheeks 1/2 inch hardwood	1	25	25
	stainless 1/8 inch threaded rod 1m	4	15	60
				1715
Systems
	SSB Antenna Tuner repair			150		contractor
	lovejoy coupling				0	1
	Generator refurbish			100		2
	New VHF			200		0.5
	life-raft repack			500		contractor
	dive compressor refurbish			200		2
				1150
Electrical
	new running lights			100		1
	New switchboard			125		1.5
	Various lights			200		1.5
	Petrol Generator			1400
				1825
Anchor rollers
	new welded roller plate			850		contractor
	new rollers			200	3	3
				1050
Spares
	Rule 2000 12volt pump or similar	2	80	160
	Petrol powered Safety bilge pump	1	400	400
	Head kit	1	150	150
	raw water inpeller	2	45	90
	starter motor			450
	alternator			375
	Fresh water pump engine	1		250
				1875
						Labor Total
	TOTAL CRUISING			7615	7	18
	TOTAL REFIT			15990

Sum It Up !

This will indeed be a dynamic project with many challenges. Both the refit and the book will require huge efforts which I look forward to completely! The successful completion of this combined effort will be a milestone in my life. Where it will lead is an exciting question .The collection and careful distribution of the funds through this effort will enable an incredible beginning for an incredible journey.

Thank you for your review of the facets of the project and any comments you have about any aspect are welcome.

Thanks,

Captain Harry