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Friday March 20, 2020
 
Another day passes and regrettably we do not have the answers we need to share concrete plans with you. This prolonged silence is doing everyone a disservice and its time to share all we know:
 
Building and promoting the Home Show to the point of opening means that all the revenue we have collected from you has been spent. The facility, media, services (fork trucks, carpet, electric, signage printing & hanging, cleaning etc.) has all been paid for leaving us with no retained earnings. I know you will find this hard to believe but such is the cost of running a show of this size in Toronto, especially as this year we decided to invest heavily to reinvigorate the show and broaden the appeal. We have been chasing down everyone in this expense chain to recover whatever we can to pass back to you.

Our intent is to be able to offer you a couple of options that will provide some cash back and some credit for future years. How this will actually unfold is still unclear as we just don’t have the answers we need. The reality is that we will not be able to provide 100% cash return as we do not have it, and we are most certainly not profiting from these circumstances. As a not for profit we do not have large reserves of money that we can access.  It’s clear that this is not what you want or expect to hear however we can’t give what we don’t have. We all have to share the consequences of these uncontrollable global events and the only way forward is together. Rest assured we will help you and intend to provide some cash back as soon as we can.
 
We hope to have option by the end of Monday. As soon as we have the answers we are looking for, you will know.
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