Hey folks,
As you may be aware, the people at SliceThePie have implemented some pretty big changes recently. We wanted to take a moment to explain how they affect you.
One of the main things you might have noticed is that they’ve changed their operating currency to US dollars. You can still invest in any currency that you like - pounds, euro, yen, yuan, florins and more - but your balance will be shown in dollars. If you look at www.iamnotlefthanded.com/slicethepie.html you can see that we’re displaying our incentive levels in Pounds and Dollars.
In order to streamline the site, they’ve also dropped the investment side of their site and turned it into a strictly incentive-based economy. However we’d like to assure you that things have not changed for us. We’re very happy to be working with SliceThePie in our fund-raising project, but really the people we’re working for are you, our supporters. You’ve invested in us with the understanding that you’ll get a share of the profits, and we fully intend to honour that.
So from this point onwards, we’ll be running the investment returns ourselves.
We’ve had had to modify the math just a fraction to make this possible. For every £50 investment you will get one share in our album sales. Each share means you receive £0.01 for every copy of the album that we sell, for two years from the album launch. (For those of you working in dollars, every $75 you invest means you receive $0.015 cents for every album sold) If we sell 5,000 copies, you get your entire investment back. More than that and you start making a profit!
This is in fact double the old royalty that SliceThePie was offering - they’re no longer taking a cut of the sales, so we’re giving their side to you. This will hopefully make up for the fact that we’re not offering shares for investments of less than £50/$75 - although you will still get our fantastic incentives as a thank you for your investment. This isn’t a bid to get people to invest more than they can afford. We just realised that if we were trying to keep track of thousands of small amounts of money and ensuring each person received what they were due, we would’t actually have time to record and release the album!
As of this morning, we’ve raised $9.056, and are edging closer to our final goal. We wanted to thank you for your support so far - from kind and encouraging words to letting us know you’ve been telling your friends and neighbours about us - and to let you know we can’t wait to get into the studio and record. Exciting times are ahead.
- Kathryn, Daniel & Benji
