Regarding the 50% net profit to be returned to investor for life, will the net profit share be distributed via Sch. K-1 of a tax return or will the net profit be distributed via 1099 Form?

Hello Thank Luu, Thank you for your question! The net profit share will be distributed via Sch. K-1 of a tax return. Thank you!

"The net profit share will be distributed via Sch. K-1 of a tax return." Hi, Spencer. Are you sure that a Schedule K-1 is the correct form? Not long ago, some Christmas movie was raising funds here on Wefunder. On the Christmas movie's Wefunder page, I asked about tax forms, a...

We will be sending K-1s after the funding period has closed to all of our investors. Thank you very much.

"Yes I am sure. This is how I’ve done my last 6 films is issue a K1" So, does that mean that your investors are members of an LLC? Or are your investors part of a different kind of partnership?

Hello Henry! Great question! Yes the investors are members of the LLC.

Sorry if I missed it on here, but can you tell us about the financial performance of your prior films? Also is the profits distribution perpetual and if so, what’s the expected timing of distributions?

Thank you Robert for the question. "Generational Sins" is still performing well and new International deals are currently being cut almost a year after the film's release. We just had a lucrative South African cable deal and in negotiations on a good deal in China. Film reporting and accounting is very slow and often 90 days after the film's release is first money. Right now we are on Q2 reporting for that movie. "Guilt & Sentence" did quite well and had an early Amazon dea...

From your timeline you have principal photography starting on October 14 and the hope for the release date on July 2019, are these still the projected dates? These seem very aggressive considering it's already October unless you are filming with funds already raised and the mo...

Hello Andrew. First, thank you for your investment! We are filming those dates and already have crew on the ground. Most of the funds raised here are for finishing funds for post production. I hope to send out investor updates bi-weekly or more depending on production schedule. Right now there is a lot of exciting developments and casting announcements, but I am committed to regularly updating my most valued investors!

Shooting Heroin Movie

The fight for America's heart: a film on the opioid epidemic

https://wefunder.com/heroinfilm

Total raised on Wefunder: 80866

Total investors: 77

Quick facts

One of the first films on the opioid epidemic. 
Director's previous film released in 22 countries; on track to pay back investors within 1 year of release.
Fourth feature film from Director Spencer Folmar.
Team has produced 20+ films.
First look distribution deals with three distributors in Hollywood.
On average, 115 Americans die every day from an opioid overdose (CDC, 2017).
About 80% of people who use heroin first misused prescription opioids. (NIH, 2018)
The Midwest saw opioid overdoses increase 70% from July 2016 to September 2017 (NIH, 2018).

Team profiles

Spencer T Folmar

Shooting Heroin Movie

The fight for America's heart: a film on the opioid epidemic

Last Funded May 2019

$80,866

raised from 77 investors

heroinfilm.com

Morrisdale, PA

Entertainment Film

Highlights

One of the first films on the opioid epidemic.

Director's previous film released in 22 countries; on track to pay back investors within 1 year of release.

Fourth feature film from Director Spencer Folmar.

Team has produced 20+ films.

First look distribution deals with three distributors in Hollywood.

On average, 115 Americans die every day from an opioid overdose (CDC, 2017).

About 80% of people who use heroin first misused prescription opioids. (NIH, 2018)

The Midwest saw opioid overdoses increase 70% from July 2016 to September 2017 (NIH, 2018).

Shooting Heroin Movie

Quick facts

Team profiles

$80,866

Highlights

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Team

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