Survey says…

images-1.jpeg  Last month, I asked readers to fill out a survey and more than 200 of you responded in exchange for a chance to get access to the next password protected post. One of the things people said was that they were willing to pay for actionable information, so we’re trying a footnoted experiment again today. Last night, I randomly selected 10 people (from those who included their email addresses) and sent a note to them this morning about our next protected post. If you did not receive one of those emails, you can still access the post by making a $50 donation using the buttons in the upper-right hand corner of the site. Once I receive confirmation of the donation, I will send you access to the post. Because information like this is best when it is limited, this will only be available to the first 15 people who respond. The site will continue to offer posts like this from time to time solely based on interesting things that we find buried in the filings, which is why this is a pay-as-you-go plan.

I understand that some readers find this controversial, or even distasteful (as one reader wrote). But there needs to be a way for the site to sustain itself and the money received from donations and limited advertising has not been enough to pay for routine site upgrades, like the one we’ll be doing this weekend, let alone my time. If you value the information provides, I hope you will consider making a donation to the site.