| Stan Rimer |
June 28th, 2006 09:15 AM |
6:00 O'Clock News
Several years ago, I formed a corporation and started on a movie package of six short films. I contacted an entertainment attorney in Vegas and started the process of a private offering for filing with the SEC so I would be able to take on investors. My attorney suggested we get the feelers out by announcing the films and letting investors know we will soon be legal to take on investors. To my surprise, the SEC, what seemed like every television station in Las Vegas, and SAG were at my door for a story that ran 3 days on the morning and evening news. Welcome to the world of jumping the gun. After getting a cease and desist order served to me by the SEC, I contacted my attorney and to my surprise his office had moved out of state and no private placement, which by the way was $10K to have drafted and never recorded. I had already invested about $50K of my own money for a casting call to get the six feature films underway, giving away that money to television stations for TV commercials, and to a facility where Oceans Eleven had casted in Las Vegas. SAG (Screen Actors Guild) jumped into the picture and shook their fist at advertising for non-union talent to discourage the public from showing up to the casting call. After the dust settled, I spent the last several years recording music at a professional studio in Summerlin (see http://myspace.com/rosaleecarpenter and http://myspace.com/airwavz to get my mind off the losses and have been building a studio with 3 film production editing suites, several HVRZ1U Cameras, lights and equipment, as well purchasing a professional Pro-Tools HD II suite for sound now costing another $100K or so between recording and equipment. I have again started on a private placement offering with a firm in Florida that has specialized in the offerings for feature films. The offering should be drafted in several weeks and filed with the SEC so I can start taking on investors. At some point in the next month or so I hope to be in production on my first feature film, see Film Treatment at http://myspace.com/treehouseproduction called "Crossing Paths". Several posts in this section got me thinking that it\'s smart to keep the equipment in one company or separate entity, and the film it self in another company that investors are part of. With the post production company separated, I can competitively bid on post through the separate post company which produces ligit income, and at the same time keep the film in budget. I will post again on investment matters and the shoot. Stan Rimer |
