phelix wrote:Jason Rosenfeld wrote:
I am in the weird position of, despite all of the crazy garbage that we've gone through, hoping that AU actually has some kind of strategy for tomorrow.
Right now, AU's best strategy is declaring bankruptcy. They have accepted money for a product that they now cannot deliver. They do not have the cash to give everyone refunds. So, they've got two choices: bankruptcy court or criminal court. Well, there's a third option, but they're probably too cheap to have fire insurance
I suggest everyone either get their creditcard number changed or watch your accounts VERY closely. I sense another
accidental doublecharge coming.
oh, and I suggest that you cancel your order
NOW. Once Jason sends his mass emails, there will be a mad rush of cancellations. Since there is not enough cash to go around, you'd better get your cancellation in as soon as possible.
And remember, to cancel you must call them. All other methods of cancellation are being ignored by them.
Jason posted this, elsewhere, on August 3rd. AU had enough money for this project at that time. Read for yourself -
Posted: August 3rd, 2002
03:42 AM
Post (#162 of 436 posts)
JasonRosenfeld
Member
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Member Since:
March 15th, 2002
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They coughed up the data I asked for.
I have to explain something about me. I can be a major pain-in-the-ass. Before business school I was an insurance adjuster. That should pretty much sum it up.
Before founding my own marketing and project development consultancy, I was less specialized, and more plugged in with the finance side of things. In fact, I was "officially" part of the finance department at BMG Special Products.
When I don't see numbers, I get antsy. Pretty much, to sum things up, I asked for proof that sufficient funds existed for the project. Not for any particular reason, but because quite some time has passed, and I want this thing to fly once the authoring is done. It was just one thing I wanted to know about so I could sleep at night.
As a marketing/development consultant, this was probably none of my business. It didn't matter. There are enough hurdles with a project of this magnitude, and I wanted to make sure that the money was all there.
To their credit, AU.com supplied the data I requested. There are more than sufficient funds to complete the project. I sleep better now.
Maybe it was wrong of me to ask for the data. I have't really decided yet. But just as BMG is unapologetic for necessary delays I, too, remain unapologetic. I understand the strain I may have caused my business relationship with AU, but I also have a lot of reputation capital invested in this project, and I want to make sure that it is as good as it can be, and so that it is a true reflection of the original concept.
At the very least, the experienced strain allows me to tell you that there is one less thing for you to worry about.
Now, you are probably wondering "Why did we pay up front if AU still has some of the funds?" They are being totally honest when they say BMG demanded payment up front. Then, the clearance delays came to the surface. Nobody, not even BMG, expected those delays. They did not want to accept full payment until everything was cleared.
Hehehe, and knowing this board , now you are probably wondering, "Well, why did AU charge the money before everything was cleared?" The answer is 1) BMG originally asked for that, and 2) there as little doubt that the project would happen, but the cost of music clearance was not known. AU had to agree to pay any clearances not covered under the original agreement.
best
Jason
Last edited by JasonRosenfeld on August 3rd, 2002 at 03:47 AM
I don't mean to be rude, but we need to where statements like your originate.