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— | axanar_finances [2016/09/15 02:45] – adds byline Carlos Pedraza | ||
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+ | {{TOC}} | ||
+ | ====== Axanar is Broke, Peters Claims ====== | ||
+ | //**Axanar Surrogate Claims Donor Funds in Escrow**// | ||
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+ | < | ||
+ | //**__ __**// <wrap lo>**By [[user> | ||
+ | </ | ||
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+ | In May 2016, Axanar producer [[Alec Peters]] claimed the production was out of money, and was offering stock in its donor-funded [[investor_group|studio]] to help with shipping perks to donors. | ||
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+ | "We don't have any cash right now," Peters informed his former chief technologist, | ||
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+ | ===== Escrow Account ===== | ||
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+ | <WRAP round important> | ||
+ | <wrap em> | ||
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+ | Johnson further claimed that donors' | ||
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+ | > Alec Peters has not used donation funds for anything but making //Axanar// and all donor funds would safely be tucked away in an escrow account only to be used to make the film. … Axanar is not running out of money … and our donation money is indeed perfectly safe.(({{:: | ||
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+ | **AxaMonitor** emailed Axanar spokesman Mike Bawden to confirm the existence of the escrow account and to disclose how much donor money was in that account, as well as to whether Johnson was speaking officially on behalf of Axanar. At the time of this posting Bawden hadn't yet responded. | ||
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+ | However, in a May 27 interview on the Axanar blog, Bawden described just such a scenario for a hypothetical fan film flush with funds from a more-successful-than-planned crowdfunding campaign: | ||
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+ | > When it’s a fan project, then you’ve gotta wonder, “What are we gonna do with the extra [money]? Because we can’t pocket it. We can’t count it as profit.” And at that point, then, my advice to somebody would be to say, “<wrap hi>You need to take that money and put it in an escrow account.</ | ||
+ | </ | ||
+ | ===== The Offer ===== | ||
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+ | <WRAP right round box 50%> | ||
+ | //**__« I question whether or not Alec could make the statement that Axanar is out of money. »__**// — //Axanar spokesman Mike Bawden// | ||
+ | </ | ||
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+ | Upon his resignation, | ||
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+ | In exchange, Peters instead offered McIntosh a 2-percent interest in the [[investor_group|Industry Studios]] operation Peters announced in March was buying out Axanar' | ||
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+ | > If you want to give us Ares Digital, it has to be a stock deal as we have previously discussed. I just loaned Axanar $22,000 that frankly I need to pay my bills. Til the studio is up and running we have no $. Or you can take a [promissory] note. But you need to set a price.(({{:: | ||
+ | ==== Unknown Financial Status ==== | ||
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+ | Bawden, contacted for comment on Peters' | ||
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+ | > I don't have any first-hand knowledge of the financial standing of Axanar Productions and, quite frankly, I'm not sure Alec does either since as far as I know the accountant that's been retained still has all of the financial records and is still working on comprehensive financial reports for review. So I question whether or not Alec could make the statement that Axanar is out of money.((Mike Bawden email to AxaMonitor editor Carlos Pedraza, 7/3/16.)) | ||
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+ | <WRAP right round info 50%> | ||
+ | <wrap lo>**FOR MORE** information about Axanar' | ||
+ | </ | ||
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+ | The news that Axanar may have run out of money raises a variety of questions about its spending, given how much it should have had on hand in January 2016 — hundreds of thousands of dollars — when the [[CBS]]/ | ||
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+ | Peters' | ||
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+ | ==== Donor Data ==== | ||
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+ | Without the donor information in Ares Digital, Axanar was forced to start from scratch, using old donor data, a time- and labor-intensive effort Peters appeared to want to avoid by obtaining the Ares Digital platform that McIntosh had developed for Axanar' | ||
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+ | [{{ : | ||
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+ | > Here's the deal. If you want to just turn everything over, whether we use it or not I will give you 2% of the studio. Fully vested. If not you can name a cash price, but then I have to wait and see if the tech guys … want to use what you built or build it from scratch. If you take the stock and we don't use what you built, I am not worried.(({{:: | ||
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+ | In a series of posts on the CBS/ | ||
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+ | > I wasn't interested in a 'stock in the new studio' | ||
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+ | ==== Cash Purchase? ==== | ||
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+ | McIntosh said Peters offered him $2,000 cash for the donor data McIntosh' | ||
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+ | ===== Accusations of Theft, Extortion ===== | ||
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+ | McIntosh' | ||
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+ | > <wrap lo> | ||
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+ | McIntosh disputed that characterization, | ||
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+ | [{{ : | ||
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+ | > They have all of the original donor data, and always have. … The Axanar donor data that was in Ares Digital has been properly erased from the database server, as I promised that it would be, since I have no business need to possess it. The donor data is safe with Axanar and Axanar alone. | ||
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+ | That data is so important to Axanar because it is key to delivering perks to donors. McIntosh' | ||
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+ | {{section> | ||
+ | {{: | ||
+ | |||
+ | ---- | ||
+ | **Keywords** {{tag> |