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CBS/Paramount sues to stop Axanar
- Thread starter Richard Baker
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Adam's letter says Propworx is bidding on behalf of the item owner... "because Propworx has a fiduciary obligation to the owner". For transparency, this seller floor price is supposed to be disclosed in the form of a reserve, not counterbids. If its a no reserve auction then owner bidding is shilling (the owner driving up their own price). And if Propworx is the owner it is worse.
Ebay has undisclosed reserves, but it doesn't have the owner bidding you up.
It sounds like Propworx may have redefined a business SOP to be what serves them, without being clear with others. Remember Axanar's "we are nonprofit"?
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Is this public enough to see?
https://www.facebook.com/WebisodeRe...459030002734/1380460698635891/?type=3&theater
Yes, I can see this link. I'm not sure what they're talking about. Am busy googling. If you have more info please post, specifically if pertaining to Beyond. Thanks
EDIT: I'm getting no search results on it.
EDIT: I'm getting no search results on it.
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That looks suspiciously like one of Fred Archer's or Paramobius' fake stories. I'm calling it as utter nonsense.
That picture looks like someone was doing unauthorised showings of Star Trek movies and was shut down.
Hi! We will be live this morning in around an hour or so:
http://www.gandtshow.com/streaming/
Many thanks for your kind support.
PS I, too, am getting nothing on that 'no more showing Star Trek' <-- looks bogus to me. Anything even remotely like that would be everywhere. It's not.
http://www.gandtshow.com/streaming/
Many thanks for your kind support.
PS I, too, am getting nothing on that 'no more showing Star Trek' <-- looks bogus to me. Anything even remotely like that would be everywhere. It's not.
In fact, shill bidding will get you quickly kicked off eBay. It's easier to rip people off if you set up your own business, no silly rules.
I agree. That's a bad print out of the 1701-D it's definitely nothing to do with the new film.
First thing I noticed about it too.
Checked listings for my local cinema (a Showcase in the East Midlands, UK) and Star Trek Beyond is still on the schedule for a 22nd July release.
Checked listings for my local cinema (a Showcase in the East Midlands, UK) and Star Trek Beyond is still on the schedule for a 22nd July release.
It would be major news if the new Star Trek was no longer in distribution. It is a tent pole film. It is a tent pole for Paramount.
It would be a signal of something really wrong. Which woild discourage any buyer.
It would cost someone BILLIONS to buy Star Trek from Paramount. It's one of the few, if not only, franchises they own. They won't give it up easily.
It would be a signal of something really wrong. Which woild discourage any buyer.
It would cost someone BILLIONS to buy Star Trek from Paramount. It's one of the few, if not only, franchises they own. They won't give it up easily.
Start crowdfunding. We now know there is a section of society that will support it.How many of us fans would it take to pool enough money and buy the rights to Star Trek? I mean, didn't Justin Lin say "Trek belongs to the fans", so we can't let him down, can we?
I'm not sure what it is either, Just ran across it while I was going over the business reports from Friday's meeting. (reason unknown)
Paramount is a subsidy, not a publicly traded corporation so it's exact current value would be known to a few insiders and people invited to look over it's books. You could purchase reports but they are often outdated, a minority stake could be in the hundreds of millions to a billion. Clearly Paramount is looking to sell a percentage to raise money not sell the whole thing. Sometimes if private investors can't be found the subsidy could become a spin-off as in the case of Dupont 's spin off of Chemours.
We look at this Anaxar as it was some kind of a threat to the Star Trek franchise but from a corporate perspective it's probably an embarrassment like a dead tree in the front yard of a house for sale.
How many of us fans would it take to pool enough money and buy the rights to Star Trek? I mean, didn't Justin Lin say "Trek belongs to the fans", so we can't let him down, can we?
I'm sure at one point Alec Peters could have put of a bid of say, 1.3 million...
Propworx should have had a reserve on the item Adam was talking about. It seems amateurish not to have set one prior to the auction, but it's probably not fraud. Auction houses can and do bid on behalf of their customers all the time. That's a proxy bid. A shill bid IS fraud and it's when the auction house itself bids against the buyer just to jack up the price, but they have no intention of winning. It's done secretly, and is probably rampant on eBay.
What Alec did at the second BSG live auction from my memory as a bidder watching the live stream was bid on items he wanted for his personal collection. Well, that wasn't fraud but he didn't disclose it up front before the auction started. IIRC, it became clear in the chat room where Alec finally fessed up and said something to the effect of "Well I'm just a fan, NBC Universal is making me bid on this stuff like everyone else has to."
Problems with that hinky move are
1. Only Alec knew how many more of each item he had in his warehouse. Scarcity = Value
2. He saved the 23% buyer's premium because he was the auctioneer. So right off the bat, he has a 23% advantage over other bidders.
3. He made the auction seem patently unfair. I mean, who wants to bid against the auctioneer?
Did some reading on auctions and shill bidding. In some (but not all) countries, it's legal only as long as (1) there's a reserve price and (2) the shill bid is below that reserve. Otherwise, it's a criminal act. Don't know about the USA because (presumably) each state has their own laws. I did find that California requires auction houses to be licensed and bonded. I wonder if PropWorx was. Probably was because I don't see how they could have avoided that requirements, but nothing would surprise me anymore.
I haven't a clue but it some fields you can run an operation on another persons license. I never visited any PropWorx website but I'd think you should be able to find some license number around somewhere.
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