Thursday, August 10, 2023 11:09:42 AM
Ella Clah is currently in development; however due to the Writers Guild of America strike which, as of the date of this document, is ongoing, we are unable to move forward in working with a WGA writer, which is the Company’s intent.
The Company has, however, secured interest from a writer to formulate a pitch for studios prior to the strike and plans to resume working with the writer once the strike comes to a resolution, or otherwise, if at all.
They KNEW & should have anticipated a WORK-STOPPAGE that should have INFORMED their actions here. But they didn't really.
Uplifting, audited, being SEC Reporting come with serious expenses... It is NOT cheap! Just the registration, filing fees, & c211 MM package alone... NOT to mention the ongoing quarterly legal, accounting, attorney, etc., etc., etc.. And they HAVE NO REVENUES!! So I didn't see the point. UNLESS you have a PLAN B!!
So far, I haven't seen it! I know EXACTLY what Mark should do but... It is disappointing to see him FAILING to seize the opportunity the STRIKES present. And they're expected to last past (or at least into) Christmas!!
Which makes this MOSTLY DEAD MONEY!! And worse: Increased COSTS without REVENUES means: Fire up those NEW SHARES with the 5.1 BILLION A/S & the timing of the STRIKE, more shares are HIGHLY LIKELY to be eligible to come off restriction before a single thing is ready to be monetized.... Again, poor planning, no forethought, & terrible EXECUTION on the reality, information, & "circumstances" (as wadirum1 likes to exclaim).
It is NOT too late to turn things around... And PIVOT! But time is a wasting... & the NEW A/S clock is ticking too... And so are the EXPENSES mounting -- without REVENUES!! That's a bad combination in the hands of Mark B. Newbauer -- at least, historically. For those who wish to give him a pass. For me, I'll believe it when I see it!
Industry-wide Strikes may affect the Company
On April 18, 2023, 97.85% of members of the Writers Guild of America (WGA) voted to go on strike if they failed to reach a satisfactory agreement with the Alliance of Motion Picture and Television Producers (AMPTP), which represents the major film and television studios in Hollywood, by May 1, 2023.
The AMPTP engaged in lengthy negotiations with the WGA on behalf of Amazon Studios (as well as MGM Holdings), Apple Studios, Lionsgate, NBCUniversal, Netflix, Paramount Global, Sony Pictures, the Walt Disney Company, and Warner Bros. Discovery (WBD), but failed to reach a deal before the mandated deadline. As a result, the leadership of the Writers Guild of America, West (WGAW) and Writers Guild of America, East (WGAE) unanimously approved a strike on the eve of May 2, the first of its kind since the 2007–2008 strike fifteen years prior.
This affects our Company and its operations currently to a certain degree in that we currently have limited capacity to engage writers on projects until and unless the strike is resolved. Many films, television programs, and podcasts have been affected by the strike; some have been forced to continue production without writers, while others have been completely shut down.
The Company has exercised its rights as they pertain to its standard Force Majeure clause in each of the project agreements and has been duly noted by each authorized party accordingly.
Ha! Had to LOOK UP "Force Majeure"....
Thought it meant FORCE FEEDING SHARES &/or DILUTE INTO THE HIGH HEAVENS!!
Never know with this guy! AT LEAST TWO R/S he said he wouldn't do - but did!! Including on $MIKP:
& also here:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172361865
*force ma·jeure
noun
1.
LAW
unforeseeable circumstances that prevent someone from fulfilling a contract.
2.
irresistible compulsion or greater force.
ENJOY THE STUCK!! Cue the shares!
JUST THE FACTS PLEASE!!
$MIKP
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