I'm moving more aggressively to locate individuals can and will buy into The Elder Gnomes Joint Venture.
As I said before, buy-in is one dollar per share for one million shares. Each Board Position holds one million shares.
I serve as the Chairman, over a seven member board. There is a plan to increase the board to twelve members.
I am looking for a CEO and a CFO for starters. The Elder Gnomes are not the Producers. The Producers are part of The Gnomes of New Hope Productions, the production company for the theatre, film, television and other products.
I can also secure funding by a buy-in to The Gnomes of New Hope Productions. So producers who are willing to provide funding can secure a position in the management or the board of that organization.
IMS Management, Incorporated is the logistical organization that will supervise the management logistics and we can also begin forming that organization, if funding comes in from that direction.
My point is that these three organizations share in the overall financing, production and management of The Gnomes of New Hope. I do not expect to be in control of these organizations. My arena of production control resides in Image of the Mind Studios, which is strictly engaged in development, limited edition product lines and non-union film and theatre activities.
I outline this briefly because the need to secure substantial funding has become urgent and I invite vested partners to participate in the first three organizations.
IMS a private development studio that will remain a proprietorship.
Funding can also be secured through Licensing and Options, if that is preferable.
Outright Sale of all rights to the material is an option, but that involves a 25% deposit on $30M against 10% of the reported gross/gross, off the top on all markets.
This deposit is required to pay off the debts thus far incurred and to secure the existing facilities.
I will consider some degree of stock swap against the balance remaining after the 10% deposit of the 30M, so long as the quarterly income is significant. In that instance the Royalty will be deferred until the income reaches the 30M.
No royalties are to be based on any net income and there are no deferrals (other than what was just mentioned)
A 10% fee against the MSRP on each production run of products in every market is required before production.
In the instance of film, theatre and television productions, there is s prepaid deposit of 10% is against the budget and required to be updated and paid if the budget increases and paid before production commenses. The 10% Royalty against the Gross remains as defined.
All Royalties are against the reported Grosses, not the net returned to the producers by distributors.
No fees are to be taken out of the monies paid to Arthur Greisiger/Image of the Mind Studios. Any commissions, fees, or taxes are added onto IMS income and not taken from it.
That's basically it. I tried to make that as simple as possible. These terms are not open to debate. I know what some of the Industry Terms are, but these are mine and I will not diverge from them.
I've worked too hard, too long, and invested too much over 30 years to create this project and it has a potential that reaches in to the hundreds of millions of dollars.
These terms are extremely fair, and give the producers the Lions Share of the amazing potential.
It also needs to be realized that The Gnomic Tales are also part of those rights and there are three to five more tales with the potential for more based on The Gnomes of New Hope Core Creative Materials.
Obviously, the contracts need to be implemented and they contain other terms, by necessity, but these are my basic terms.
Communicate via e-mail;
image.of.the.mind.studios@gmail.com
AG
