Platinum Studios, Inc cancelled the transaction announced on November 16, 2011
November 15, 2014
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Platinum Studios, Inc (OTCBB: PDOS) announced an equity line facility for gross proceeds of $10,000,000 with existing investor Dutchess Private Equities Fund II, LP, a fund managed by Dutchess Capital Management, LLC on November 16, 2011. The facility carries a term of 36 months. The company has the option to sell shares of its common stock to the investor at per share prices to be determined based on market prices in accordance with an agreed-upon formula.
On November 16, 2016, Platinum Studios, Inc (OTCPK:PDOS) cancelled the transaction.
Platinum Studios, Inc. is a comic book character-based entertainment company. The Company controls an independent library of comic book characters, which it develops for filmed entertainment, games, merchandise and other media. Its library includes characters that have appeared worldwide in millions of comics and broadcast television, film, games, the Internet, and more. The Company produces film, television and merchandise, and is a licensor of rights. It has released films and/or television programming with Universal Studios, Paramount Pictures, DreamWorks, MGM, Showtime, and Lions Gate. It has developed film or television with others, including The Walt Disney Company, Time-Warnerâs New Line Cinema, 20th Century Fox and Sony Picture Entertainment. Its all-other productions have been animated or comedic programming. It produces an English-language live-action dramatic television series based on a French or Belgian comic book.