May 5, 2020
E-mail from Crowdestor
Dear investor
Our borrower OU ‘Warhunt Films’ has informed us not to use Recovery period and to return to initial repayment schedule.
Message from WarHunt: ‘Global pandemic has created a global lockdown of movie sets and has stopped new movie production which means that the industry will face movie and TV show shortage.
Because of the shortage of content, WarHunt becomes more valuable and the sales price is expected to exceed the one which was initially planned.. What it means to CROWDESTOR investors is that the success fee will also be higher.
We are in a negotiation process to sell the movie to the biggest streaming platforms in the world (platforms like Netflix, Amazon, Hulu, HBO, etc.). We expect to close the deal in the following 3-4 months.
We managed to do about 90% of the shooting and, as it seems, the lockdown will cause only a delay of a month or two from our initial plan and creates some practical inconvenience, but overall WarHunt will definitely gain from the economical aspect because of the ongoings. We are preparing for a fundraising round this week and the final round after three weeks.
With this in mind, we want to announce to you that WarHunt movie Project does not need Recovery period and we are ready to return to an initial repayment schedule.’ Your schedules will be updated in the following days and money will be coming in according to schedule.