Okay, so I hate to break it to you, but this post has absolutely nothing to do with magic melons; simply that I was on a roll with the alliteration there and I suppose it just got out of hand at the end. That said- what a terrific week in terms of our experience at AFM and also the progress we’re making with our market maker for a relisting on OTC Pink markets. For those that know us strictly for our efforts and successes as a production company, the latter won’t have much impact on you; but for those invested in our stock via public markets, I’m thrilled to be sharing the update.
Let’s start with AFM. As with last year’s AFM, when I had the pleasure of meeting Ted Chalmers of TomCat Films where discussion of company goals led to the acquisition of our subsidiary, www.saintjamesfilms.com
This year was no different. I attended as an associate of TomCat Films, LLC and had a great time getting to know Ted better and watching him in action as he worked with buyers on dozens and dozens of titles he represents, including our subsidiary’s Blood Rites, Lizzie Borden’s Revenge, Captain Battle: Legacy War, Jurassic Shark and an equity interest we’ve acquired on a post apocalyptic sci-fi feature titled Android Rising.
I attended quite a few meetings with Spokefish partner, Ryan Colucci, and Jens-Peter Sjoberg, who I had the pleasure of meeting for the first time here. JP is the owner/founder of Odd Post, a Swedish based VFX company with some pretty incredible credits. He was there taking meetings for an epic film he’ll be producing as well as working with Ryan and I to collaborate on ‘Lunatic’, a gritty found footage thriller we’re producing that Colucci will direct, based on a screenplay by Black List screenwriter, Dikran Ornekian. I’m actually quite excited about this project as the team aboard so far, including White Space production designer, Jessee Clarkson (Iron Man, The Watchmen), is top notch, across the board.
Some companies we’re in discussion with that I took away as some of my favorites in terms of philosophy, business model and overall capabilities for sales and marketing success: Kaleidoscope Home Entertainment, Screen Media, Meyers Media Group, Red Granite Pictures, Worldwide Film Entertainment and SC Films International, to name a few. It doesn’t hurt to have someone like Ted Chalmers in our corner– The distribution business can be pretty dog-eat-dog, but just about everyone I met with knew Ted and spoke highly of him as a champion in his field. But we knew this already 🙂 We have scripts, concepts, key art, teasers and samples out to a good number of distributors, by request, that we feel may be great fits for each project.
My first big meeting was last Friday a.m. with Vince Gerardis, who manages George R.R. Martin, the incredibly talented author behind our optioned property, ‘The Skin Trade’. I always like meeting Vince because he’s generous with his time, despite his very busy schedule. We chatted about The Skin Trade and moving forward there toward a well-packaged feature film and/or television series. Though I’ve always felt it was great source material for a series, but television is an entirely different animal than film– that is, until the executive producer of HBO’s Game of Thrones asks you if you’d consider television as an option to explore. The answer there should always be: yes. And it was. So we’ll see what happens there as we continue to hone out the screenplay for the feature. As well, there may be more on the horizon for Mike the Pike and Vince Gerardis, pending discussions as there’s been mutual interest in exploring a wider strategic alliance there. Based on discussions, which are just that, mind you, I feel there’s a lot we can accomplish together, as a piece of my plans moving the company upward and onward with a strategic group of Board members and/or Strategic Alliances that will help take us to the next level.
Next up, Ted and I had the pleasure of having dinner with Gennaro Buonocore. Gennaro is a Preferred holder in MIKP and has tremendous capital markets and start-up experience. No one was thrilled about the recent move to grey sheets, which was, as the regulatories put it– a self-terminating, non-remedial order– so as much as we wanted to ensure it was remedied asap, instead we were shifted to a parallel universe in which, on the public markets side, we seem to both exist and not exist all the same. It was like being put in the corner for something you ‘might’ have done incorrectly. Regardless, it’s allowed us to focus on the engine that drives our business- creative, bankable content; so I can complain, but won’t. Gennaro was pleased to hear our plans for moving forward which now may include both relisting on the pink sheets and/or an acquisition by a fully reporting company. It may also include neither. Nothing is done until its done as I’ve learned, but I’m confident with the progress we’re making with our Market Maker. I’ll get to that in a minute…
Gennaro is currently serving our country in Afghanistan, but keeps close tabs on what we’re doing and how we do it. We’re in discussions currently to bring him on in an official capacity to widen the scope of our brain trust here at MTP. In our business, that base can be quite large. It can look like a one-man show if you look at corporate filings because, yes, I’m currently the only ‘officer’ of the company, but I answer to partners and alliances every day with great care for the preservation of our projects together; whether I have to or not. It’s what makes good companies great- working with the best possible people in a fashion that allows them to create long-term growth while the individual fulfills his/her goals for greatness all the while.
Stacey Parks was in attendance and I had the pleasure of a lunch with her while discussing our projects on the table. Just a week later today, in typical awesome fashion, I find that Stacey has identified a few films from her FilmSpecific base that may be a match for SJF acquisitions. Thank you, Stacey! I’ll save the nitty gritty on all of the above for official announcements, but wanted to share what’s brewing at MTP toward what I feel will be a come-uppance for the company operationally and a phenomenal comeback in terms of the OTC market listing and overall per-share value therein.
Which leads me to the last but not least category– our Market Maker. Yes, we are officially working with a Market Maker that will file the Form 211 on our behalf. They have stated that review has been done on all of the materials we have sent and further expressed that our package “went above and beyond…exceeded their expectations” in terms of what’s been requested. This included the Form 211, Officer’s Questionnaire, 2 years Annual reports, most recent quarter report, company overview/corporate executive summary, original State docs, bylaws and just about anything else on the company you can imagine. What they expected to take 3 months, took less than a month in fun-filled days and sleepless nights to prepare and send. It’s been reviewed by their compliance department and they said within the next 4-5 days it will be sent to FINRA for their review. This is expected to take around 4-5 weeks, with questions in between that we will address with the help of our Market Maker, counsel and any other relevant party. So though it may seem like forever in the fast-lane that is the nano/micro markets, it’s my understanding that the hard part, which was described as 80-85% of the entire equation, is behind us and I can only pray and cross my fingers that the rest of the trip is smooth sailing back up to the pinks so we can begin trading more in line with actual accomplishments, endeavors and potential breakthroughs.
Thanks to all and the overwhelming support we’ve received. I can’t say exactly which road we’ll take, but I can say we’ll get there- one way or another. A special thanks to those in the Armed Services that dedicate their lives to preserving our freedom and our security. Their duty results in our privilege, and for that, we should make at least a moment of every single day Veteran’s Day.