As an effort to create the Digital Libretto I have been integrating the Score and MP3s of the music. I've put the Lead Sheets, Score and MIDI Orchestral Versions of the music into the Libretto and I will be shifting to do the same to the e-Storybook as well. It is a phenomenal advancement in the presentation materials. All of these materials are available for review to Industry Professionals and Investors with the submission of a Restrictive Covenant Agreement.
Also, the Garden Gnome project is picking up speed because, frankly, I put the Constable Warren Garden Gnome in my Atrium and I am very excited about that. So we are also discussing creating a Garden Gnome Cyclorama of each scene. This would be an outdoor walk thru Garden Presentation and I do expect that will lead into the Animatronic project and also the Gnome Fest Project. Both of these efforts are connected to the Little Theatre and Festival presentations. So I am working more in those directions, while remembering that publishing and distributing the seven book set is key to the overall success of the project in the retail markets. Some further work on the details of producing the Parade Float has also taken place as well, as the set components for that arena will cross over into the Little Theatre.
I would reiterate that the magnitude of this project is most definitely best suited for a large organization capable of implementing numerous complex markets simultaneously and with that in mind, I am limiting my efforts to the development activities of those numerous markets rather than making any attempts to implement presentation or distribution. As I have said, preservation of the overall value is key and I remain open to discussion on the subject. As I have mentioned elsewhere, I am interested if filling the Board of Executive Producer positions for the Elder Gnomes Joint Venture. This requires a buy-in of the 1M shares per board Position at $1 per share. Discussions on this project indicate that the utilmate market could easily rise to 1B.
That being said I will continue to work off of Front Money at the capped rate of 300% distributed in accordance with the distribution of profits identified in the LP Agreement. I could almost maintain the Front Money Agreement into production funds because the potential of return is so high with this project. But even so, the FM remains capped at 250K for the time being. My current effort ois to raise the 50K needed to complete the illustrations for the storybook and begin moving into animation. I maintain these objevtives as I have for a number of years. So if you are interested in participating, you will need to let me know. As I have also stated, all activities will continue to be based from my Southampton Studio location. Nothing much new here but things are advancing nicely and we remain dedicated to all the objectives which have already been stated.
That's all for now. AG
