10/10/2026
I simply cannot let this slide. This is wrong.
After going through FilmNeverDie’s (FND) crowdfunding offer documents, I’ve identified some serious red flags that I believe prospective investors deserve to know about.
Based on the financial information disclosed, the company appears to be seeking new investor funds while carrying substantial existing debts, including significant outstanding tax and superannuation obligations.
There are serious questions about the company’s financial position, its ability to meet existing obligations, the use of funds raised, and the level of protection offered to investors.
Crowdfunding investors deserve transparency. They should understand the financial risks they are taking on before handing over their hard-earned money.
I’m sharing these concerns because I believe people should have the opportunity to make an informed decision based on the figures and documents — not just the pitch.
Before investing, read the fine print. Look beyond the promises and examine the numbers.
Key Financial and Investment Concerns
Negative net assets: $441,000 in liabilities against $168,000 in assets, leaving a $273,000 deficit.
Cash shortfall: Approximately $29,500 overdrawn as of August 2026, with insufficient cash reserves.
Unpaid tax and superannuation: Approximately $123,000 outstanding, with potential additional ATO interest and penalties.
High-cost debt: Approximately $129,000 across seven lending and equipment-finance arrangements, including credit cards charging up to 23.99% interest.
Stopped loan repayments: Approximately $59,000 owed to Square, with repayments stopped and no confirmed lender agreement. Other loan balances remain unverified or unreconciled.
Unverified accounts: Unaudited financial statements contain discrepancies, estimated loan balances and incomplete tax calculations.
Directors’ remuneration: CEO and his wife are expected to receive $104,000 annually plus super following the fundraising, including a newly introduced $24,000 director fee for his wife. CEO's existing salary expenses remain unclear.
Limited investor protections: CEO retains majority control, future fundraising may dilute investors, and there is no guaranteed exit mechanism.
The company’s substantial liabilities, cash shortfall, unpaid obligations, unverified accounts and reliance on personal financial support raise serious questions about its financial viability. Combined with uncertain expansion funding and limited investor protections, these issues present significant risks to prospective investors.
I would say this is extremely disappointing, especially from people who claim to be saviors of film. But it wouldn't be the first time they have been caught misrepresenting products and services.
Using the community to pay off your debts? For shame.
If you are considering this I would exercise caution.
Completely incidentally they have made their profile private. Which is not sus at all.
