Tanooki Posted February 23, 2022 Share Posted February 23, 2022 Depending on what your definition of cornhole is, going along with the amico, you might still get that. 3 Link to comment Share on other sites More sharing options...
phoenixdownita Posted February 25, 2022 Author Share Posted February 25, 2022 Straight from: https://www.startengine.com/intellivision Revenue Share Agreement We are a party to a Revenue Sharing Agreement with Fig Publishing, Inc., pursuant to which FIG agreed to provide us with up to $15,000,000 in capital, and provide various marketing, sales and distribution services, in exchange for our payment to Fig of a percentage of revenue generated through the sale of the Intellivision Amico and certain games. Until such time as Fig has received a return equal to 3 times the funds advanced to us, Fig is entitled to receive 5% of revenue, less certain expenses, generated from the sale of the Amico through a third party sales channel or distributor, such as Amazon, Walmart and Gamestop (“Indirect System Revenue”) 15% of revenue generated from the direct sale of the Intellivision Amico through other channels (“Direct System Revenue”), and 25% of all revenue derived from game sales (“Game Revenue”). During the 12 month period commencing after Fig has received an amount equal to three times the capital it has provided us, Fig is entitled to 10% of Direct System Revenue and 20% of Game Revenue, and during the 12 month period thereafter, 5% of Direct System Revenue and 15% of Game Revenue. I can't quite make up what it means, but I'll try anyway.... does it mean FIG provides "up to" 15M and they have to return it back 3 times over and then for the next 24mo they still owe quite a lot (given it's revenues and not profit) ..... Is that right? I mean 3x return .... I wonder what clause is there if (well really when) they instead go belly up ... Link to comment Share on other sites More sharing options...
jerseystyle Posted February 25, 2022 Share Posted February 25, 2022 47 minutes ago, phoenixdownita said: Straight from: https://www.startengine.com/intellivision Revenue Share Agreement We are a party to a Revenue Sharing Agreement with Fig Publishing, Inc., pursuant to which FIG agreed to provide us with up to $15,000,000 in capital, and provide various marketing, sales and distribution services, in exchange for our payment to Fig of a percentage of revenue generated through the sale of the Intellivision Amico and certain games. Until such time as Fig has received a return equal to 3 times the funds advanced to us, Fig is entitled to receive 5% of revenue, less certain expenses, generated from the sale of the Amico through a third party sales channel or distributor, such as Amazon, Walmart and Gamestop (“Indirect System Revenue”) 15% of revenue generated from the direct sale of the Intellivision Amico through other channels (“Direct System Revenue”), and 25% of all revenue derived from game sales (“Game Revenue”). During the 12 month period commencing after Fig has received an amount equal to three times the capital it has provided us, Fig is entitled to 10% of Direct System Revenue and 20% of Game Revenue, and during the 12 month period thereafter, 5% of Direct System Revenue and 15% of Game Revenue. I can't quite make up what it means, but I'll try anyway.... does it mean FIG provides "up to" 15M and they have to return it back 3 times over and then for the next 24mo they still owe quite a lot (given it's revenues and not profit) ..... Is that right? I mean 3x return .... I wonder what clause is there if (well really when) they instead go belly up ... Link to comment Share on other sites More sharing options...
phoenixdownita Posted March 1, 2022 Author Share Posted March 1, 2022 Are we there yet? PS: what is the difference between crowdfunding and crapfunding? In all fairness it looked like the Amico was much further along than the Chameleon ever was, so what did go wrong? (I mean aside the ex CEO antics, but maybe that's it) 1 Link to comment Share on other sites More sharing options...
roots.genoa Posted March 1, 2022 Share Posted March 1, 2022 I know there's a connection through Phil Adam (at least), but I'm not sure it's a good idea to turn this topic into an A-word one. 1 Link to comment Share on other sites More sharing options...
digdugnate Posted March 1, 2022 Share Posted March 1, 2022 Still waiting for my Karma Engine Chameleon 2 Link to comment Share on other sites More sharing options...
MCHufnagel Posted March 1, 2022 Share Posted March 1, 2022 On 2/13/2022 at 1:56 AM, phoenixdownita said: Well, it's only fitting: If Phil Adam ends up being twice in a failed retro-console-grab-an-old-glory-name-and-slap-it-onto-something .... it would be quite the coincidence .... it's quite absurd really ... well surreal. It's not a coincidence. Scammers gonna scam. 1 Link to comment Share on other sites More sharing options...
phoenixdownita Posted March 1, 2022 Author Share Posted March 1, 2022 10 hours ago, roots.genoa said: I know there's a connection through Phil Adam (at least), but I'm not sure it's a good idea to turn this topic into an A-word one. I assume it'll be quick at this point ayway 1 Link to comment Share on other sites More sharing options...
jerseystyle Posted March 1, 2022 Share Posted March 1, 2022 3 hours ago, phoenixdownita said: I assume it'll be quick at this point ayway And man this new "CEO" has done a wonderful job so far- makes an announcement for end of Feb (which didn't happen), ended the 4th (!) fundraising round early without any communication, and has been AWOL for two weeks since doing a few fawning interviews on the same Youtube channels that contributed to their perception issues in the first place. Very professional conduct for sure. It bodes well. 1 1 Link to comment Share on other sites More sharing options...
phoenixdownita Posted March 1, 2022 Author Share Posted March 1, 2022 Did not watch the video but in the comments there's this: you know what they say "buy on the rumor, sell on the news" .... except I ain't buying. Maybe Sasha made that stuff up, who knows, we shall see .... one thing I learnt the hard way is that "angel soft (r)" toilet paper ain't either angel neither soft .... I assume the "angel investor" mentioned (if real that is) is kind of like that. 2 Link to comment Share on other sites More sharing options...
Greg2600 Posted March 2, 2022 Share Posted March 2, 2022 Why is this thread allowed to continue, but the Amico threads were not? 1 1 Link to comment Share on other sites More sharing options...
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