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axanar_finances [2016/07/05 09:28] – [Escrow Account] adds Bawden quote from May re: escrow 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> 
 + 
 +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]] promised perks.+"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 =====
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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: 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 $200,000 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.))+> 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> </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>