I am also unclear on the urgency of paying all this Yellow debt off now. If he diluted at a more reasonable rate, he could have better preserved the PPS and get a lot more bang for his buck. I also assumed the urgency was tied to bank financing and it might still be the case but they are not saying that.
Not a PR, but Manu "tweeted" me an answer to my question of Yellow revenue projections and his answer was....we have it on the books for 17 Million, so more than that. That was it.....
we know that average revenue for Cassavetes's movie is $42M so I think we can assume that it is a good estimate for now; hopefully DDA will help to create enough buzz around movie that we are going to double that...
as to your second question, why Manu paid off so much debt and if that was necessary to do so because of a construction loan.. someone just ask this on twitter today and Manu replied that he is not able to answer this question without breaking law.. so we can just keep guessing ...
When the movies bring in ginormous $$$$ this dilution won't even be remembered. Imagine $60-$100 million in sales. What would that do for the bottom line? ;-) PPS straight up from their!
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