With a week to go and looking unlikely to reach its fundraising target, The Patriarch has extended its equity fundraising campaign, which will now close 15 October.
Launched seeking a headline figure of $500,000, the campaign needs to attract a minimum $300,000 to access the funds committed via Snowball Effect. On Tuesday morning, the campaign had received commitments of $191,000 – 64% of the $300,000 trigger or 38% of the $500,000 target.
The information supplied offers a budget (income only) plus three outcome scenarios, labelled pessimistic, realistic and optimistic. According to the figures presented, investors would get their investment back plus 19.9% under the pessimistic scenario.
According to the information supplied, The Patriarch will shoot for seven weeks in March and April next year and be completed by late October with the intention of securing a Sundance or Cannes premiere.