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axanar_finances [2016/07/05 01:16] – [Escrow Account] Carlos Pedrazaaxanar_finances [2018/09/21 16:48] (current) – [Axanar is Broke, Peters Claims] edit to clarify Carlos Pedraza
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 //**Axanar Surrogate Claims Donor Funds in Escrow**// //**Axanar Surrogate Claims Donor Funds in Escrow**//
  
-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 operating costs.+<WRAP> 
 +//**__ __**// <wrap lo>**By [[user>cpedraza|Carlos Pedraza]]**</wrap> 
 +</WRAP>
  
-"We don't have any cash right now," Peters informed his former chief technologist, Terry McIntosh, who had resigned just a day before amid growing donor complaints about Axanar's [[perks|inability to deliver]] promised perks.+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. 
 + 
 +"We don't have any cash right now," Peters informed his former chief technologist, Terry McIntosh, who had resigned just a day before amid growing donor complaints about Axanar's [[perks|inability to deliver]] supporters' promised perks.
  
 ===== Escrow Account ===== ===== Escrow Account =====
  
 <WRAP round important> <WRAP round important>
-<wrap em>**UPDATE**</wrap> July 4, 2016 — A surrogate for Peters, Rand Johnson, claimed on Facebook that the report Axanar was out of money "couldn't be further from the truth."(({{::rand-escrow.jpg?linkonly|Rand Johnson (admin) post}}, I Stand with Axanar Facebook group, 7/3/16.))+<wrap em>**UPDATE**</wrap> July 4, 2016 — A surrogate for Peters, Rand Johnson, claimed on Facebook that the report Axanar was out of money "couldn't be further from the truth."(({{::rand-escrow.jpg?linkonly|Rand Johnson (admin) post}}, I Stand with Axanar Facebook group, 7/4/16.))
  
 Johnson further claimed that donors' money was safe in an escrow account: Johnson further claimed that donors' money was safe in an escrow account:
  
-> 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.(({{::rand-escrow.jpg?linkonly|Rand Johnson (admin) post}}, I Stand with Axanar Facebook group, 7/3/16.))+> 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.(({{::rand-escrow.jpg?linkonly|Rand Johnson (admin) post}}, I Stand with Axanar Facebook group, 7/4/16.))
  
 **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. **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.
-</WRAP> 
  
 +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:
 +
 +> 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.</wrap> And you need to say, ‘When we’re ready to do our sequel to this first project, we are … ahead of where we would be.’”(([[http://www.axanarproductions.com/fan-film-friday-the-realities-of-crowd-funding-part-4/|Mike Bawden interview, "Fan Film Friday – The Realities of Crowd-Funding, part 4,"]] by Jonathan Lane, Axanar Blog, 5/27/16.)) <wrap lo>[emphasis added]</wrap>
 +</WRAP>
 ===== The Offer ===== ===== The Offer =====
  
-<WRAP right box 50%>+<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// //**__« I question whether or not Alec could make the statement that Axanar is out of money. »__**// — //Axanar spokesman Mike Bawden//
 </WRAP> </WRAP>