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Post by thornyking on Feb 16, 2009 22:32:12 GMT
tiny, tiny illegible text?
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Post by verocs on Feb 16, 2009 22:41:42 GMT
loads of pages!
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Post by newslang on Feb 17, 2009 0:19:58 GMT
I got the impression it would just be on Bandstocks. That would be cool if it was in the book, though. Like: "a million people helped fund this album. They are (insert 5 pages)"
Note: Bandstocks have extended the offer period, so anyone who was waiting to win the lottery or somesuch still have over two months to invest! (Unless they're all sold before that!)
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Post by stilllovexpatrick on Feb 17, 2009 0:51:48 GMT
I don't understand why bandstocks extended the offer period. Only for commercial motives. To earn more money. Aggghhh...
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Post by newslang on Feb 17, 2009 0:57:46 GMT
I don't understand why bandstocks extended the offer period. Only for commercial motives. To earn more money. Aggghhh... Uhh....not exactly. Considering bandstocks are not yet half-way sold, it's best that they extended it. More investors means more money for the album fund, and yes - it could help with raising profits (ie more money for advertising) and therefore more of a cut for Bandstocks - but in the end, having more time means more money for Patrick Wolf to work with. And, considering Patrick's already mentioned using investor funding, extending the offer period is not holding him back from completing the album. It'll only help him get more investors.
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Post by mimicry on Feb 17, 2009 1:18:31 GMT
In this case, doing something for mostly financial reasons is a good thing.
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Post by jazz hands on Feb 17, 2009 7:37:04 GMT
I don't understand why bandstocks extended the offer period. Only for commercial motives. To earn more money. Aggghhh... Uhh....not exactly. Considering bandstocks are not yet half-way sold, it's best that they extended it. More investors means more money for the album fund, and yes - it could help with raising profits (ie more money for advertising) and therefore more of a cut for Bandstocks - but in the end, having more time means more money for Patrick Wolf to work with. And, considering Patrick's already mentioned using investor funding, extending the offer period is not holding him back from completing the album. It'll only help him get more investors. ...especially as a single will be released and he's going on tour soon, which will make a considerable difference in the amount of bandstocks he sells, i suppose - so far every time there was any news etc. from Patrick, the amount increased significantly. also, I think it is understood now that the album is being released in june, which means extending the offer period until april, may won't delay the release date at all, so i don't quite understand what you are worried about.
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Post by Sorrow By Nature on Feb 17, 2009 8:52:51 GMT
So, when we buy our bandstocks now... Are we buying into both parts of Battle or just The Bachelor? I mean, if he keeps touring through the summer and releases more singles, gains popularity etc. it would feel a bit sad if there was no way for Patrick to get more money for the release of the second half (which I can't remember the name of now). It just feels like a bad idea to put a lid on this before the second half of the album is released. If not all the stocks are sold, of course.
I really really hope this whole bandstocks thing will work out for everyone trying it. It's really a great way of releasing/funding things for artists past the initial phase of their career. I'd much rather pay twice the amount for a record produced this way, knowing that the people actually making the record got more of the money in the end. We need to stop paying for the major labels' poor investments (the cost of pressing 500000 copies of crap records that 1000 people buy), which is part of why CDs are so expensive, which also reflects in file sharing and illegal copying. Spread mp3s to spread the word, but make sure you make an album that people will want to pay for. That's the way to get a loyal fanbase to pay for your work.
That said, there are a still lot of indie/smaller labels who also deserve money for their hard work getting the music out there. So let's just keep our fingers crossed for this. (Sorry about going on forever, and sorry if this whole lump of things has already been said.)
/t
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Post by Lauren on Feb 17, 2009 17:08:28 GMT
My paypal account is finally verified and I just bought some stocks! Yay!
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Post by lucy on Feb 17, 2009 17:58:18 GMT
Hey, I haven't been on this forum in bloody forever but I've just randomly found my way back and will be buying at least one bandstock tomorrow. Anything to help our Pat.
But the fact that as a Pat Wolf fan I've only just found out about this worries me a little. The word definitely needs to be put out there to a larger degree. Though I expect the upcoming tourdates will help, I intend to be at the KOKO gig next month at LEAST.
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Post by horrorshock666 on Feb 18, 2009 23:24:21 GMT
Oh my gosh... i could really cry right now. I got an email from Bandstocks, offering me tickets to KOKO, i'm not sure if everyone got one or just a few people, but either way, i feel really upset because i can't get to London because i have no money and it would cost a fortune from here... I feel really, well, sad about it. I'm happy that i COULD have gone though, but devastated that i have this opportunity and can't take it up...
Geez... thats me up shit creek!!!
Oh well... be sure to tell me how it went if your lucky enough to go!
xoxox
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Post by lucy on Feb 18, 2009 23:28:25 GMT
...I bought tickets this afternoon. So excited, it been like... forever since I last saw him.
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Post by Manly name. on Feb 18, 2009 23:55:42 GMT
is there an alternative to paypal perchance?
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Post by newslang on Feb 19, 2009 1:29:29 GMT
is there an alternative to paypal perchance? You can pay credit card through paypal without creating an account. Other than that, I don't think so?
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Post by bandstocks on Feb 19, 2009 11:28:23 GMT
We saw Victoria's post (Stock Lesson - 15th Jan) and thought it might be helpful to clarify what the deal is for Bandstockholders. All of the Bandstockholders collectively get 30% (not 20%) of the Net Receipts so this means that the net income from the album needs to be £333,333 (not £500,000) for everyone to get their money back. This is obviously still a lot of income, but to put it in context, it is likely that the album would generate this kind of net income if it sold around 60,000 albums in the UK and the same number again in the rest of the world combined (margins are generally much lower on the overseas sales as licensees will be appointed and they need to take their cut). In the UK a silver album these days is 80,000, a gold album is 100,000 and a platinum album is 300,000. In this week's UK top 75 albums chart there are: one silver album (Bon Iver) fourteen gold albums (Jordin Sparks, Guns n Roses, Seasick Steve, Pussycat Dolls, Enya ,Glasvegas, Vampire Weekend ,Kanye West, Seasick Steve again, Akon, The Saturdays, MGMT Alesha Dixon and Fleet Foxes) and twenty-nine platinum or multiple platinum albums (the usual suspects with for example, Kings of Leon at 3 x platinum (900,000), Duffy at 5 x platinum (1,500,000), Take That at 8 x platinum ( 2. 4M) and even good old Elbow now at 300,000 +.) If anyone is interested in getting a rough idea of how much the £10 stake might generate at different sales levels, there is a calculator on the site (on the Explore page) where you can plug in your sales projections and out pops an estimate of what you might get back - but please be warned - as it says on the site - these are just rough estimates and should not be relied on if you are buying bandstocks and also, don't get too carried away with the numbers - those platinum records mentioned before are likely to have had much more than £100,000 spent on their marketing and if more marketing money (beyond the £100k target) is introduced later on to support Patrick's album, that extra money will need to be recovered somehow and that will affect the calculations. BUT and most importantly, we agree with Victoria when she says you should only buy Bandstocks if you can afford to lose the money and in fact we say so on the site in big letters before you buy. This is about supporting Patrick and what we already know is an amazing record - and nothing is going to take that away, whatever the sales end up being. The whole deal for investors (in all its glorious detail) is posted on the Bandstocks site but (those boring financial regulations again) you have to be signed in as an investor to access it. Just go to the Buy Bandstocks page for Patrick and start going through the buy process until it pops up - you don't need to actually complete the buy process to read it. To answer a couple of the other points in Victoria's post: * we account to you for 5 years from album release - once a year in March based on the company's accounts which run on a calendar year basis (we need the 3 months from January to March to get the accountants to finalise and sign off on the company accounts); * the bandstocks aren't transferable so there isn't a market for selling them; * Patrick gets to call the shots not just on the creative side, but in terms of how the album is marketed and who it is licensed to etc. etc. It will be released through his own label, Bloody Chamber Music. As Bandstockholders you are free to chip in your opinions, but it is Patrick and his label that ultimately make the decisions. * Bandstocks just provides the mechanism that enables all of you to invest and administers the money to make sure it all gets to the right place. We don't tell Patrick what to do either, but will try our very best to help wherever we can. Thanks to all of Patrick's fans and investors - you are doing a fantastic job. Please keep spreading the word. Bandstocks
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Post by jay on Feb 19, 2009 11:30:56 GMT
thank you for coming on here to clarify! i'll link your post in the bandstocks section in our FAQs thread.
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Post by jay on Feb 19, 2009 12:10:06 GMT
lol! i just linked to your post as it was, i didn't copy and paste it, so feel free to modify it to correct your typos
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Post by newslang on Feb 19, 2009 13:03:23 GMT
Oh thanks for that! Yeah I figured there were a few flaws in my post so thank you for clarifying and answering those other questions
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Post by jay on Feb 23, 2009 11:41:58 GMT
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Post by stilllovexpatrick on Feb 24, 2009 19:14:35 GMT
Can anyone tell me why to buy 2, 3 our 4 stocks is better than to buy only 1 ? What are the benefits ??
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