“Hello folks,
This is an announcement we hoped we would not have to make....
As no contract or deposit is forthcoming from Inertia Entertainment, the promoter of the proposed Toronto show, to confirm the booking, it is with great sadness that we have to concede defeat on this as we simply cannot afford to finance the show ourselves in advance, with no deposit or guarantee of any payment when we arrive.
We have exhausted every avenue of negotiation to try and persuade Inertia Entertainment, who is holding ticket money, to release some payment so that the show can go ahead.
We have suggested that Inertia Entertainment place the guarantee, which they originally offered to the band but are now refusing to pay, into an escrow account with a North American accountant, lawyer or escrow agency, (an escrow account is a holding account set up by an independent third party, usually a lawyer or accountant. The money remains intact in the account until the contract is completed. In the case of non-completion, the money is returned, so no risk whatsoever to Inertia Entertainment).
Unfortunately Inertia Entertainment will not agree to this, preferring to hold the ticket money in their own account.
We have already spent money arranging to play the Toronto show, dealing with the US and Canadian visa and tax systems. This money has now been lost.
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