Post · bonfire.cafe

@clacksee@wandering.shop · 4 months ago

Laura Kate Dale says there are rumours that Unbound was expecting a big investment and decided to pre-spend it by dipping into author royalties.

#Boundless #Unbound

Laura Kate Dale - LauraKBuzz @laurakbuzz.bsky.social
The TLDR as I understand - the company expected an incoming investment for a magazine project, took money out the author royalties account to pre spend the investment, the investment fell through, author money can't be repaid by investment.
That's my good faith understanding of those events.
31 May 2025 at 10:33 — Laura Kate Dale - LauraKBuzz @laurakbuzz.bsky.social The TLDR as I understand - the company expected an incoming investment for a magazine project, took money out the author royalties account to pre spend the investment, the investment fell through, author money can't be repaid by investment. That's my good faith understanding of those events. 31 May 2025 at 10:33

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