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Not Another Dime! is dedicated to documenting the assorted, and sometimes wild, details of Mr. Ken Whitman's business dealings within the Role Playing Game (RPG) industry. This place is NOT intended to be a medium of discussion about Mr. Whitman, pro or con, but instead be a "jumping off" point to enable the reader to make their own informed decision about Mr. Whitman's history and business character. (Editor's Note: After years of this documentation, we simply cannot be anything BUT "con" when it comes to Mr. Whitman)

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Tuesday, April 4, 2023

2023.04.04 Ken "Whitman" Comes Up With a New "Scam" for "Unnateral"

 

2023.04.04 Ken "Whitman" Comes Up With a New "Scam" for "Unnateral"
We haven't checked in on Kenny in a hot minute, but luckily Tenkar's Tavern had our back and they reported on this new development. Now we clearly think this is a scam, but make your own decision....

"LOOKING FOR A UNIQUE COLLECTABLE ITEM?!

Purchase the Exclusive Signed, Numbered & Limited Edition Unnatural Theatrical Poster, and enjoy a 10% share in the film's profits for the next 5 years! *

OFFER ENDS APRIL 12, 2033 or IF PRODUCT SALES OUT


But wait, there's more!

Unnatural Theatrical Poster, Signed & Numbered Limited Edition


Don't miss your chance to support the enthralling Unnatural feature film by acquiring an exquisite 24" x 36" Theatrical Poster. Starring former WWE Superstar Al Snow, John Wells, Darren Lee Cupp, Keith Migra, and a spectacular supporting cast, this Supernatural Western is a must-see. Secure your exclusive Limited Edition Theatrical Poster, signed and numbered from 1 to 100. Plus, by agreeing to our Terms & Conditions, you'll join a select group of buyers eligible to equally share 10% of the film's profits for the next five incredible years.*


Exclusive Autographed Edition: For an extra $100, secure a one-of-a-kind Unnatural Theatrical Poster signed by the renowned Lead Actors themselves. As a bonus, purchasers of this unique option will gain an additional entry into the highly-coveted buyer's pool. Don't miss this incredible opportunity!*


Don't miss out – the offer expires on April 12, 2023! The split depends on the number of purchasers; if you're the sole buyer of the Unnatural Theatrical Poster, you'll secure a whopping 10% of the buyer's pool for yourself. Act fast and claim your share!


Limited to 100, USA Residents only, and must be 18+ years old to purchase.


* NOTE: The purchase of the Unnatural Theatrical Poster from Little Monster Entertainment, LLC represents ownership of a unique physical collectible and does not confer ownership or control of the underlying intellectual property rights to the movie monster depicted in the collectible. The purchase of Unnatural Theatrical Poster is not intended as an investment opportunity and there is no guarantee of any specific return on investment. The value of Unnatural Theatrical Poster may fluctuate based on market demand, but Little Monster Entertainment, LLC makes no representations or warranties as to the value or potential value of the collectible. Potential buyers should consult with a financial advisor or lawyer before making a purchase. You must be a USA resident and 18 years old or older to purchase the Unnatural Theatrical Poster.


* In Order to be placed in the profit pool, buyers must agree to the terms by opting into the group after purchase. A link will be sent to each buyer, any buyer who does not agree to the terms within 24hrs will be given a 100% refund."

.....oh, and the "Unnateral" is from the page's properties that show up in the tab's title......

Unnateral Old West Actors Retreat

So....wow, just wow. This is a LOT to unpack.

This movie is getting set to film in about a week. You'd think that at this particular point in the production process that financing should already be secured....I mean they shouldn't have already run short of funds, right?

Well this is a Ken "Whit" Whitman project, and if you roll back through this blog you'll see plenty of other times he's tried dipping back into the funding/scamming well on a film project (KoDT book sales and HackMaster add-ons come immediately to mind). Even if we take this attempt at face value, motivation-wise, let's look at the actual "offer":

$100 for a poster with a potential "share" of the movie's profits. $100 gets you *allegedly* 1% of 10% of the films profits over the next five years. As far as the profits go you spend $100 to get a thousandth of a percent of the profits........ as in 0.001% 0.1% If the film "profits" $100K, you can conceivably get all your money back.

Oh wait.....there's more!

If you toss an extra $100 in the kitty, you'll get an extra "entry" into the pool, along with your poster being autographed. So this 100 share split of the 10% can actually be a 200 share split. This means if you spend (We'd argue lose) $200 you can possibly get .0005% 0.05% (5 ten-thousandths hundredths of a percent!), which means if this happens the movie has to profit $400K for you to get your "investment" back.

Of course this is not an investment, as expressed on the website...even though it's pitched as a potential investment initially.

So we have someone already documented for being a scammer with movies trying to get more money with a movie project by pitching a not-investment investment opportunity.

 Oh wait.....there's more!

Even if you pay up there is an undisclosed hoop you'll have to jump through to be eligible for the profits, assuming there is a profit. There is plenty of ways that the money can be manipulated so there isn't a profit. Right off the bat the easiest would be for Little Monsters Entertainment LLC to increase their "costs", subsequently lowering profits.

Not like movie studios don't already do this.....even though it's BS.


10Apr23 Edit: Maths is sometimes hard!


4 comments :

  1. Minor math correction above: 1% of 10% is 0.1%, which is the same as a multiplier of 0.001 (not 0.001% as given), which as is noted is one-thousandth of the profits.

    ReplyDelete
  2. Second minor math correction: Spending an extra $100 would get you an extra one-thousandths of the profits.
    That is two one-thousandths of the profits (0.002, which is 0.2%), not five ten-thousandths (0.0005, which is 0.05%, not 0.0005%). At that rate, the movie would have to profit $100,000 for you to get $200 back.

    ReplyDelete
  3. Do note that as stated, if you're the only buyer of that $100 offer, you'd get all shares, and thus, for $100 you'd get 10% of the profits, requiring that the film only profit $1,000 to make your money back. Of course, the producer would never let that happen and would "chip in" money to gain those extra shares for themself. That's the sort of offer that is ripe for abuse if not completely transparent.

    ReplyDelete
  4. mm.. offer expires on the 12th but as of 30th april, its still open..

    ReplyDelete

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