mr. gruberg. >> we have the last 2 people who have turned in the speaker card. >> thank you. today i want to -- i know you have housekeeping amendments there's another one i think is very important that you need to address very soon it's section 11-16, f 1 of the transportation code pertaining to someone who buys a medallion when they go to sell it 20 or 30 years later the transfer fee is 20 percent it's 5 percent in new york city and 5 percent in chicago and right about 5 percent in every other city that sells medallions and the effect of 20 percent has put a a strangle on the potential buyer many people are balking at buying the very day they buy it the medallion is basically worth 200 200 thousand and to lower it to 5 percent -- so the perceived value would actually rise by 37 $37,000 that way and it might eventually this scenario with uber some day would put you in the position to raise the price back up and other cities they go for half a million or more so i think it's it's a penny wise pound foolish thing to put a high transfer fee on the drivers and i think the the di

mr. gruberg said a lot of that is out of our hands and a lot of it is competitive alignment and let me start with a mandate that all -- i didn't mean to force you to take responsibility for this i was one of the proponents i thought that the private ap sector could fill the void and seems that they have come close and i'd like now to have a regulation coming from this board board to the industry soon before my kids dress up for for halloween if possible, that mandates that all cabs be ap enabled and on an ap that services a very large number i'll let the regulators pick the number, of cabs and basic follow up which should be fees should be feasible electronically that people are actually using them and not a phantom sign up and making sure all of our in coming drivers know how to use these aps and fully understand the benefit this will have for them. the ap will solve the credit card problem problem and not only will that give our customers a better payment option which we know is what they want, as i've been saying for a long time it will enhance the safety of our drivers as this becomes a

mr. sun is the last person -- maybe not. if anyone else wishes to turn in a speaker card, please do so now. >> thank you again mark gruberg and i want to point out a couple of things not to point fingers because there's enough blame to go around and in fact much of what is happening here in the taxi industry is beyond the not that long after that. joo. >> >> sgroo. >> speaker: last year -- we're not getting that back most of it is going into your general fund there's a driver fund that has 3.8 $3.8 million in it comes out to about $500 per driver and it's only augmented at 10 at $10,000 a month 120 thousand per year which is $15 per driver and you can see that money that money isn't going to go far and we must have an enhancement of the driver fund the main source of funding was cut out by this board a couple of years ago. thank you >> thank you. >> mary maguire and maguire. >> mary maguire i don't know why you don't have the numbers i don't know how you can you can do that. at any rate the demand for services is clearly there but just think of the money you could have made from the medallion sales program the millions of dol