Synopsis

Dan Saunders, a 29-year-old bartender in small-town Wangaratta, Australia, is going nowhere fast. Working at a betting pub, living in a cramped room, and dating Wendy—a schoolteacher whose parents make no secret of their disappointment in him—Dan's life is defined by limitations.

His fortunes change dramatically one rainy night in 2011 when, after an argument with Wendy's father, Dan discovers a glitch in an NAB bank ATM. During the system's midnight maintenance window, Dan finds he can transfer non-existent money from his maxed-out credit card to his savings account, then withdraw real cash. What begins as a $200 withdrawal to buy another round of drinks quickly escalates.

When Wendy breaks up with him by text and he loses his job after an ill-advised bet, Dan returns to Melbourne with his friend Mark and reconnects with his old crowd, including the opportunistic Corey. With nothing to lose, Dan begins testing the limits of his discovery. The quiet bartender transforms into an extravagant big spender, hosting lavish parties, buying designer clothes, and cultivating a persona as a mysterious wealthy financier.

As the withdrawals grow from thousands to hundreds of thousands to eventually millions, Dan lives in two worlds: the intoxicating high of seemingly unlimited wealth by day, and the anxious ritual of midnight ATM visits to keep the scheme running. He begins dating Cat, a marketing employee with acting aspirations, but keeps his true circumstances hidden from her.

The pinnacle of Dan's adventure is chartering a private jet to a Polynesian island for an over-the-top getaway with his friends. Amid the paradise setting, Dan experiences a moment of clarity about the emptiness of his newfound lifestyle. Upon returning to Melbourne, he makes the bold—and somewhat reckless—decision to host a party for NAB bank employees, funded by their own bank's money.

When Dan finally confesses to Cat about the ATM glitch, she leaves him, disgusted by his dishonesty. Dan deliberately misses his nightly transfer window, effectively ending his scheme after taking approximately $1.6 million. After unsuccessful attempts to confess directly to the bank, Dan appears on television with crime journalist Adam Shand to tell his story.

Only after the public confession is Dan arrested. In court, the NAB claims he stole just $248,595—far less than the actual amount. Sentenced to twelve months in prison, Dan serves his time, coming to terms with his actions.

Upon release, Dan receives a postcard from Paris from Tanya, a former colleague to whom he had secretly given money. The final scene reveals Dan in Paris, running his own small café—suggesting our protagonist may have been more calculating than he appeared, managing to secure himself a fresh start with at least some of his questionably-obtained gains.

Based on the true story of an ordinary man who stumbled upon an extraordinary opportunity, made the most of it, and then ultimately faced the consequences—but perhaps not all of them.

Clips from actual news stories, edited into a 'sizzle reel'. This is NOT the actual movie.

Universal Appeal

ROI in the Unpredictable Film Industry:

Truthfully, “Rules of Thumb” and “comparables” regarding movie revenue are typically a fool’s errand.

• Every movie is its own entity.
• Many intangible factors determine a movie’s success/failure.

There are countless examples of movies big and small that hit or missed despite predictions.

THAT SAID…  

Honest comparisons to other movies can provide a theoretical baseline.

We will NOT use comparisons to indie movies based on the "indie" aspect alone. In other words, no comparisons to Paranormal Activities, Blair Witch, Napoleon Dynamite, Swingers, Coda, My Big Fat Greek Wedding or any of the other typical ‘go-to’ (outliers) when trying to sell potential financial success.

We won’t even use the financials from our own The Last Broadcast (though admittedly a tempting sales pitch). These “homeruns” do not represent the norm.

Comparables

• The commonalities with these movies are the international flavor, budget and “true story” aspect. 
• Genre and tone are not exactly similar – which is a caveat in taking too much stock in these numbers.
• We believe The Glitch is a more accessible story to most viewers and will have a significantly larger audience.
• Note: These numbers represent Trackable Box Office. It is exceedingly difficult to get fully accurate numbers regarding streaming sales; actual numbers could be substantially higher.

Removing high and low, we arrive at an average revenue of: $5,982,633

The Glitch revenue potential example based on comparables.

(Forward looking projections are not guaranteed)

ROI of nearly 85%

Financing

The Production budget for The Glitch is proposed at 2.3 million dollars USD.

We are seeking 60 percent of the budget in Equity investment.

GlitchyCard LLC is a California Limited Liability Company that has been formed for the sole purpose of the production and exploitation of The Glitch.

Stefan Avalos, has invested $60,000 in the development of The Glitch. This investment has covered various development expenses to date: Research., Travel, Festival, and Market attendance, Securing Rights, Script development, Data analysis, Legal fees, Biz Dev.

Total financing of The Glitch involves a mix of soft and hard funding sources. 

• Soft money, which includes tax credits and in-kind donations.
• Advantageous as it doesn't require repayment. 
• Hard money, encompassing 
• Equity investment 
• Pre-sales
• Gap, Mezzanine Loans, etc.

The Funding Plan: 

• 25% ($475,000) via tax credits. 
• 5% ($95,000) via pre-sales.
• 9% ($175,000) via gap financing. 
• 58% ($1,100,000) via Private Equity

A film with 50% or more of its budget secured enhances the feasibility of tax rebates, gap, mezzanine, and other loan-based financings.

Initial hard money raised will be placed in escrow until a minimum threshold of $200,000 is reached. 

At this juncture, factors such as the time invested, availability of key personnel (casting, etc), and the broader economic and business climate will be assessed to decide whether to continue fundraising or proceed with a modified budget. This decision will be mutually agreed upon by the lead investor and Glitchycard.

If the minimum equity amount of $200,000 is not reached within one year from initial offering: Fundraising efforts cease and invested funds will be returned to the investors, deducting reasonable costs incurred during the process.

From Day one of Production to "exhibition ready" will be approximately nine months.

• Six weeks for production
• Five months for Post-Production
• Contingency buffer of two months

Distribution Timeline

Examples of varying timeframes of our previous movies:

Strad Style:

• Festival/limited theatrical for one year from premiere. 
• Secured exclusive deal with Hulu, nine months after its festival debut!
• ROI > 40%

With a large advance, the bulk of the income was generated in that single deal.

Ghosts of Edendale:

• First foreign territory (Japan) was sold one month after the film’s completion, covering all production costs, and marking a significant milestone for the investors.
• Additional International territories sold for a year thereafter.
• US Warner deal finalized more than a year later. 
• ROI > 400%

Bulk of income was generated over the course of approximately three years.

The Last Broadcast:

• Festivals for eight months.
• Self Theatrical domestic release 
• European self-theatrical release
• Self Distribution homevideo - Acquisition by Hollywood Video and other majors.
• Cable acquisitions by HBO, IFC, and all world territories.
• ROI >16,666% (please note this movie is recognized in the film industry as having been an extreme outlier!)

Bulk of income was generated for approximately two years.

These movies continue to generate some revenue, through re-releases, new markets, etc.

NOTE: The performance of Avalos's movies does not guarantee the future performance of Fun Money.

Based on our past experience, we are cautiously optimistic about beginning to generate returns for investors approximately 12 to 18 months after the film's “exhibition ready” state. Why Do Movies Fail?

1. The inability to complete and deliver the movie.
2. Making a movie that not enough people want to see at the budget for which it was produced and marketed.

That's it!

Every reason, excuse, discovery, realization - falls into one of those categories.

Mitigating the Risks

While nothing is guaranteed, there are ways to load the dice.

Proven Track Record

• Avalos has delivered all his movies on time and on budget - and they've all been profitable.

Proven Story

• The actual true story has proven itself as being very popular.
• Thousands of articles, videos, podcasts, etc.
• Millions of views, comments, worldwide.
• Continued international attention and interest in the story. The story makes itself back into the press and public eye frequently.

Budgeting aggressively while maintaining high production value.

• This is a very low budget movie by Hollywood standards, yet high enough to allow:
• High production value.
• Recognizable actors in several supporting roles.

Utilizing new technology

• Using virtual production and other cutting edge technology, we can get a 'look' on screen that has traditionally been impossible at this budget level.

A question to ask yourself as a potential investor:

Q. Why The Glitch?

We can talk about strong IP, audience potential, smart budgeting strategies, market analyses, etc. We can show charts and comparables and previous successes - until your eyes glaze over -- but ultimately,

It comes down to just one point:

Do you want to invest in a barrel of fun?!

If you're grinning at the thought of this wild, true story about a guy who found magic in his ATM card and ran with it…

Join us on this adventure!

Oh yeah - and perks! Of course there will be perks. You are part of the team!

• $100- $499 - Digital copy of movie when released, special access to website and thanks and credit on Social media sites.
• $$500 - $999 - “Friends Thanks” end Credit. (plus previous perks)
• $1000-$9999 - “Special thanks” end credit. Invitation to “local to investor” festivals. TBD
• $2500 - A Prop ATM card specific to the movie! (plus all the previous perks) This will be a fun reminder, suitable for framing (or collecting dust in a drawer).
• $10,000 – $49,999 - Invitation to wrap parties and formal invitation and two (2) tickets to premiere party (travel not included) (plus previous perks)
• $50,000 - Associate Producer Credit (plus previous perks).
• $100,000 - $119,999 - Trip for two to Melbourne, Australia - to where it all happened. Or Trip to Hollywood, Ca. (your choice) (Plus previous perks).
• $120,000 - $499,999 - Executive Producer credit, IMDB Listing (plus previous perks).
• $500,000 - Above the line (front credit) Producer Credit, IMDB listing) (plus previous perks)

"Early Bird Investors" (the first $200,000) - receive 135% of Adjusted Gross profits until recoupment. Thereafter, general investors receive 110% of Adjusted Gross profits until recoupment. Thereafter Investors and GlitchyCard split net revenue 50/50.

Questions?

We invite every and all questions regarding any aspect of the filmmaking and distribution process.

We also recommend downloading and reading our entire business plan to learn more details about the project, distribution strategy, risk/reward, detailed bios, etc.

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