Auntie Charo's Soapbox

To quote Marianas Variety's Partido:"By Gerardo R. Partido
Variety News Staff

THE Guam Economic Development and Commerce Authority is looking at the possibility of initiating legal action against the producers of the Max Havoc movie to protect the $800,000 advanced by the government to guarantee the film project.
Andy Jordanou, GEDCA administrator, told senators yesterday that up to now, the producers have not delivered the finished product as promised.
“We still don’t have the film, we just have a DVD. And that’s not even the final cut although we expected that we would have the final version months ago,” Jordanou said during the confirmation hearing for new GEDCA board member Lou Sanchez.
The producers of the movie had promised to complete the film by December 2004 and even discussed the possibility of holding a Guam premiere earlier this year.
The movie was filmed partly on Guam and was touted as a project that would jumpstart a movie and film production industry on island.
As such, GEDCA consented to an $800,000 funding to guarantee the movie’s loan with Detroit-based Comerica bank.
According to Jordanou, he already referred all the files pertaining to the project to GEDCA’s legal counsel.
“I want to see what we can do as a course of action. At the present time, I’m looking at all avenues with respect to the legal ramifications of this. We have $800,000 that is supporting the guarantee and I will do whatever is possible to make sure that we protect that. I already have a plan because the producers haven’t abided by some of the agreements,” Jordanou said.
The newly appointed GEDCA administrator added that he expects a response from the agency’s in-house legal counsel soon. " What the heck's the hurry, it's only August(well, it's really almost September), there's no real hurry, in Guam, there's always tomorrow and the 'plan' of action....
From where I type.....I predict that legal counsel will cost about $800K to collect the $800K and the real winner will be those who got the free trip to paradise for a few days to be driven around by the wide-eyed folks hoping to see themselves in the movies........hmmmmm, didn't GEDCA lose a bunch of monie$ on the loan to the company that was going to teach people how to fix and fly airplane$ or wa$ I just dreaming that?