FrankTrollman wrote:They sent me a letter that assured me that 20% of the Net Operating Revenue was going to be put towards paying off the company's past debts. For those of you unfamiliar with accounting terms - that means the money left over from the money they made after paying debts. So they guaranty that at least 20% of the money they decided to not pay debts with is going to be used to pay debts.
I am not impressed, no.
-Username17
Let me get this straight:
1) CGL will pay you from the Net Operating Revenue.
2) The Net Operating Revenue is what remains after they cover things like rent on the room, food, cost of transportation. Of course, these things may also include:
- salaries.
- cost of PR swag, (new stuff such as a run of SR or BT t-shirts or embroidered patches).
- miniatures created specifically to be released in limited quantities for the con.
- two-way multi-channel radios so they can keep in touch.
- new business cards.
- 1GB thumb drives containing copies of their latest offerings in electronic form only - publishing at its cheapest.
- anything else which can be plausibly linked to the convention itself.
They don't even have to provide proof, just a statement. "I paid Bill and Steve $200 for their GenCon table". It might not have happened, they may not even have paid us at all, or paid us $100 with a wink about 'more funds to come'. Wouldn't be the first time. I never got a receipt for my dropship and yet, there it is on the back of BattleTech's Strategic Operations.
3) Whatever is left after all those deductions is the pool from which they will draw 20% to pay off their outstanding debts to writers, etc.
Somehow this reminds me of the movie companies who promise folks a piece of the profits from a movie, but whose creative bookkeeping ensures there will never actually be an official profit no matter how popular the film is. People who have invested and are connected to the film in the right ways will profit immensely, but only if they get a percentage of the gross.
Does this move seem like an obvious ploy to treat the money they already owe as a sort of 'second-class citizen'? As its payment comes well after their immediate con debts - including, but not limited to, lining their own pockets?
No, I agree with you, Frank. Doesn't seem like they have changed their spots at all. And I am not surprised.
And how much stuff was done under the table this time?
I wonder: how many of those sorry fanboys went along with it this year? I can see them now, smiling a special smile as they concluded yet another deal in a convention backroom with Laughing Cheaters in return for exclusive swag. Or a seat at the evening's dinner table with The Powers That Be. Or a special seat behind the con booth.
And we all know how it went: if no one saw it, it didn't happen. Just like smoking J in high school, the obvious underhandedness of the act reinforced their membership in a special club.
Too bad you guys couldn't get 20% of that, Frank. Your debts would have been discharged in two days.
I don't mind the exclusivity. And in the end, these guys mean nothing to me. But couldn't they have sold their souls for membership in a club that actually
means something?
Cent13