Milo opens up the container and Kida and the Heart of the Atlantis ascend. They awaken giant stone guardians to create a force field to prevent lava from destroying the city. With the city saved, Kida is released from the crystal and into Milo's arms. The Atlanteans thank those who helped Milo save them, donning each of them with crystals and providing them with an acceptable pile of gold to return to the surface with.
Milo is staying behind, as he and Kida have fallen in love and he is needed to help the Atlanteans rediscover their lost culture. Back on the surface, Whitmore debriefs Vinny, Sweet, Audrey, Mole, Cookie, and Packard into rehearsing a false story about them finding nothing as well as the made-up fates of Helga, Rourke, and Milo.
While going through photos Packard took, Whitmore discovers a package for him containing a picture of Thaddeus and child Milo, a crystal, and a message thanking him on behalf of the Thatches for helping them realize their dream.
Back in Atlantis, Milo completes the construction of a stone effigy of Kashekim to join the other past kings orbiting the Heart of Atlantis as it once again hovers above the newly restored city. The production team visited New Mexico's Carlsbad Caverns to get a sense of the underground spaces depicted in the film.
Having recently completed The Hunchback of Notre Dame the producer and directors wanted to keep the Hunchback crew together for another film with an Adventureland setting. Drawing inspiration from Jules Verne 's A Journey to the Center of the Earth , they set out to make a film which would fully explore Atlantis compared to the brief visit depicted in Verne's novel.
While primarily utilizing the Internet to research the mythology of Atlantis, the filmmakers became interested in the clairvoyant readings of Edgar Cayce and decided to incorporate some of his ideas—notably that of a mother crystal which provides power, healing, and longevity to the Atlanteans—into the story. They also visited museums and old army installations to study the technology of the early 20th century the film's time period , and traveled feet underground in New Mexico's Carlsbad Caverns to view the subterranean trails which would serve as a model for the approach to Atlantis in the film.
The filmmakers wanted to avoid the common depiction of Atlantis as "crumbled Greek columns underwater", said Wise. Let's get the architectural style, clothing, heritage, customs, how they would sleep, and how they would speak. So we brought people on board who would help us develop those ideas. Hahn added, "If you take and deconstruct architecture from around the world into one architectural vocabulary, that's what our Atlantis looks like. The Atlantean letter A , created by artist John Emerson.
Kirk Wise noted that its design was a treasure map showing the path to the crystal, "The Heart of Atlantis". Guided by the directors' initial concept for it to be a "mother language", Okrand employed an Indo-European word stock with its own grammatical structure. He would change the words if they began to sound too much like an actual, spoken language. The written language was boustrophedon: designed to be read left-to-right on the first line, then right-to-left on the second, continuing in a zigzag pattern to simulate the flow of water.
Joss Whedon was the first writer to be involved with the film, but soon left to work on other Disney projects. Tab Murphy completed the screenplay, stating that the time from initially discussing the story to producing a script that satisfied the film crew was "about three to four months". The initial draft was pages, much longer than a typical Disney film script which usually runs 90 pages.
When the first two acts were timed at minutes, the directors cut characters and sequences and focused more on Milo. Murphy said that he created the centuries-old Shepherd's Journal because he needed a map for the characters to follow throughout their journey. A revised version of the script eliminated the trials encountered by the explorers as they navigated the underground caves to Atlantis. This gave the film a faster pace because Atlantis is discovered earlier in the story.
The character of Milo Thatch was originally supposed to be a descendant of Edward Teach, otherwise known as Blackbeard the pirate. The directors later related him to an explorer so he would discover his inner talent for exploration.
Don Hahn pointed out that the absence of songs presented a challenge for a team accustomed to animating musicals, as solely action scenes would have to carry the film. Kirk Wise said it gave the team an opportunity for more on-screen character development: "We had more screen time available to do a scene like where Milo and the explorers are camping out and learning about one another's histories.
An entire sequence is devoted to having dinner and going to bed. That is not typically something we would have the luxury of doing. Hahn stated that the first animated sequence completed during production was the film's prolog. The original version featured a Viking war party using The Shepherd's Journal to find Atlantis and being swiftly dispatched by the Leviathan. Near the end of production, story supervisor Jon Sanford told the directors that he felt this prolog did not give viewers enough emotional involvement with the Atlanteans.
Despite knowing that the Viking prolog was finished and it would cost additional time and money to alter the scene, the directors agreed with Sanford. Trousdale went home and completed the storyboards later that evening. The opening was replaced by a sequence depicting the destruction of Atlantis, which introduced the film from the perspective of the Atlanteans and Princess Kida. The Viking prolog is included as an extra feature on the DVD release. For comparison, the top image panoramic view of Atlantis is cropped to Disney's standard aspect ratio 1.
At the peak of its production, animators, artists, and technicians were working on Atlantis at all three Disney animation studios: Burbank, California , Orlando, Florida , and Paris , France. The film was one of the few Disney animated features produced and shot in 70mm anamorphic format. The directors felt that a wide-screen image was crucial, as a nostalgic reference to old action-adventure films presented in the Cinemascope format 2.
Because switching to the format would require animation desks and equipment designed for widescreen to be purchased, Disney executives were at first reluctant to the idea. The production team found a simple solution by drawing within a smaller frame on the same paper and equipment used for standard aspect ratio 1.
Layout supervisor Ed Ghertner wrote a guide to the wide-screen format for use by the layout artists and mentioned that one advantage of wide-screen was that he could keep characters in scenes longer because of additional space to walk within the frame. Wise drew further inspiration for the format from filmmakers David Lean and Akira Kurosawa. The film's visual style was strongly based upon that of Mike Mignola, the comic book artist behind Hellboy.
Mignola was one of four production designers along with Matt Codd, Jim Martin, and Ricardo Delgado hired by the Disney studio for the film. Accordingly, he provided style guides, preliminary character and background designs, and story ideas. Mignola was surprised when first contacted by the studio to work on Atlantis. His artistic influence on the film would later contribute to a cult following. The final pull-out scene of the movie, immediately before the end-title card, was described by the directors as the most difficult scene in the history of Disney animation.
They said that the pullout attempt on their prior film, The Hunchback of Notre Dame , "struggled" and "lacked depth"; however, after making advances in the process of multiplaning , they tried the technique again in Atlantis. The scene begins with one inch piece of paper showing a close-up of Milo and Kida. As the camera pulls away from them to reveal the newly restored Atlantis, it reaches the equivalent of an 18,inch piece of paper composed of many individual pieces of paper 24 inches or smaller.
Each piece was carefully drawn and combined with animated vehicles simultaneously flying across the scene to make the viewer see a complete, integrated image. Scale model of Ulysses submarine by Greg Aronowitz, used by digital animators as reference during production. At the time of its release, Atlantis: The Lost Empire was notable for using more computer-generated imagery CGI than any other Disney-animated feature.
To increase productivity, the directors had the digital artists work with the traditional animators throughout the production. Several important scenes required heavy use of digital animation: the Leviathan, the Ulysses submarine and sub-pods, the Heart of Atlantis, and the Stone Giants. During production, after Matt Codd and Jim Martin designed the Ulysses on paper, Greg Aronowitz was hired to build a scale model of the submarine, to be used as a reference for drawing the 3D Ulysses.
The final film included digital-effects shots, and computer programs were used to seamlessly join the 2D and 3D artwork. One scene that took advantage of this was the "sub-drop" scene, where the 3D Ulysses was dropped from its docking bay into the water. As the camera floated toward it, a 2D Milo was drawn to appear inside, tracking the camera. The crew noted that it was challenging to keep the audience from noticing the difference between the 2D and 3D drawings when they were merged.
The digital production also gave the directors a unique "virtual camera" for complicated shots within the film. With the ability to operate in the z-plane, this camera moved through a digital wire-frame set; the background and details were later hand-drawn over the wire frames.
This was used in the opening flight scene through Atlantis and the submarine chase through the undersea cavern with the Leviathan in pursuit. Since the film would not feature any musical interludes, the directors hired James Newton Howard to compose the score. Approaching it as a live-action film, Howard decided to have different musical themes for the cultures of the surface world and Atlantis. In the case of Atlantis, Howard chose Indonesian orchestral sound incorporating chimes, bells, and gongs.
The directors told Howard that the film would have a number of key scenes without dialogue; the score would need to convey emotionally what the viewer was seeing on screen. Gary Rydstrom and his team at Skywalker Sound were hired for the film's sound production.
Like Howard, Rydstrom employed different sounds for the two cultures. Focusing on the machine and mechanical sounds of the early industrial era for the explorers, he felt that the Atlanteans should have a "more organic" sound utilizing ceramics and pottery. The sound made by the Atlantean flying-fish vehicles posed a particular challenge. Rydstrom revealed that he was sitting at the side of a highway recording one day when a semi-truck drove by at high speed.
When the recording was sped up on his computer he felt it sounded very organic, and that is what is heard within the film. Rydstrom created the harmonic chiming of the Heart of Atlantis by rubbing his finger along the edge of a champagne flute, and the sound of sub-pods moving through water with a water pick. Atlantis was promoted at Disneyland with models of the characters Kida and Milo displayed on Main Street. Atlantis was among Disney's first major attempts to utilize internet marketing. The film was promoted through Kellogg's, which created a website with mini-games and a movie-based video game giveaway for UPC labels from specially marked packages of Atlantis breakfast cereal.
The film was one of Disney's first marketing attempts through mobile network operators and allowed users to download games based on the film. McDonald's which had an exclusive licensing agreement on all Disney releases promoted the film with Happy Meal toys, food packaging, and in-store decor. The McDonald's advertising campaign involved television, radio, and print advertisements beginning on the film's release date. Frito-Lay offered free admission tickets for the film on specially marked snack packages.
Before the film's release, reporters speculated that it would have a difficult run due to competition from DreamWorks' Shrek a wholly CGI feature and Lara Croft: Tomb Raider an action-adventure film from Paramount Pictures. Regarding the market's shift from traditional animation and competition with CGI films, Kirk Wise said, "Any traditional animator, including myself, can't help but feel a twinge. I think it always comes down to story and character, and one form won't replace the other.
Just like photography didn't replace painting. But maybe I'm blind to it. At the premiere, Destination: Atlantis was on display, featuring behind-the-scenes props from the film and information on the legend of Atlantis with video games, displays, laser tag, and other attractions.
The Aquarium of the Pacific also loaned a variety of fish for display within the attraction. Responding to its disappointing box-office performance, Thomas Schumacher , then-president of Walt Disney Feature Animation, said, "It seemed like a good idea at the time to not do a sweet fairy tale, but we missed.
The single-disc DVD gave the viewer the option of viewing the film either in its original theatrical 2. Bonus features available on the DVD version included audio and visual commentary from the film team, a virtual tour of the CGI models, an Atlantean-language tutorial, an encyclopedia on the myth of Atlantis, and the deleted Viking prolog scene. The collector's edition film could only be viewed in its original theatrical ratio, and also featured an optional DTS 5.
Atlantis: The Lost Empire received mixed reviews from film critics. While critics had mixed reactions to the film in general, some praised it for its visuals, action-adventure elements, and its attempt to appeal to an older audience. Roger Ebert gave Atlantis three-and-half stars out of four. He praised the animation's "clean bright visual look" and the "classic energy of the comic book style", crediting this to the work of Mike Mignola.
Ebert gave particular praise to the story and the final battle scene and wrote, "The story of Atlantis is rousing in an old pulp science fiction sort of way, but the climactic scene transcends the rest and stands by itself as one of the great animated action sequences. He wrote, "On the whole, Atlantis offers 90 minutes of solid entertainment, once again proving that while Disney may be clueless when it comes to producing good live-action movies, they are exactly the opposite when it comes to their animated division.
Other critics felt that the film was mediocre in regards to its story and characters and that it failed to deliver as a non-musical to Disney's traditional audience. It has also been criticized by some viewers of the film bearing a resemblance to a famous s Japanese anime television show, Nadia: The Secret of Blue Water.
The similarities include character designs, story flow, the background settings, and more. The director Kirk Wise has stated he never even heard of such a show when Atlantis was in production. Critics also saw parallels with the film Stargate. Milo's characteristics were said to resemble those of Daniel Jackson, the protagonist of Stargate and its spinoff television series Stargate SG-1 which coincidentally launched its own spinoff, titled Stargate Atlantis. The film has also drawn criticism for its supposed "white savior" narrative a storytelling device in which a white hero saves an indigenous society from danger.
Atlantis is notable as one of the few animated films shot in the anamorphic widescreen process. To prevent having to purchase and implement larger animation desks, longer animation paper, and so forth, the production team resorted to working within a smaller frame on the same paper and equipment used for the standard aspect ratio Disney films. Some viewers have noted similarities between the Milo character and motion picture language consultant Dr. Marc Okrand , who developed the Atlantean language for this movie Okrand has said that animator John Pomeroy sketched him, claiming not to know what a linguist looked or behaved like.
Additionally, an interesting aspect of the film is that very few of the characters are under the age of 30, a rare component for a Disney animated feature. Also, Atlantis is the first animated Disney feature since to have a black character, Dr. Joshua Sweet, in the roster of main characters.
On a side note, Atlantis was one of the last Disney films to include a smoking character, Packard, who consistently puffed a cigarette, only had a minor role. The film was originally supposed to provide a springboard for an animated television series titled Team Atlantis , which would have detailed the further adventures of the characters from the film.
However, because of its disappointing box office intake, the series was scrapped. On May 20, , Disney released a direct-to-video sequel called Atlantis: Milo's Return , which consisted mostly of stories originally produced for the aborted series. In addition, several video games were released for various consoles of the time, most notably the PC game Atlantis: Trial by Fire.
There were two main "campaigns" the game; Search For The Journal, which events surrounded the expedition to Iceland in order to find the journal. This segment of the game places the player as one of Rourke's mercenaries or as the game simply states "Storm Troopers" and must fight their way through various obstacles and enemies, which are called "The Keepers".
The player remains in constant radio contact throughout the game, along with the voices of most of the actors in the movie. The "reward" for finding the Journal is a trailer of the movie, also, the player can pilot the Whitmore Wing, as seen in the movie, the aircraft Rourke's mercenaries would use in their attempts to fight off Milo's attack. The second "campaign" of the game Trial by Fire , takes place during the events of the movie, and the player takes on the role of Milo Thatch.
The game follows the movie very closely, and the player goes from finding Atlantis to defending it. Atlantis: Trial by Fire also had a multiplayer component, which featured modes like deathmatch, CTF, and air battles. It also included a minute documentary on how the movie was made. Jim Varney who played Cookie died during production, and several lines near the end of the film had to be filled in by a soundalike. In a interview, Kirk Wise revealed that a sequel was being planned out at one point.
It would have introduced a new villain who was described as "wearing big, scary, wool, bulky, World War I-style clothing with a frightening gas mask" and would have lead an army of mercenaries to take back Atlantis to finish Lyle Rourke's work. The twist would have been that this new villain was actually Helga Sinclair who survived her fall at the end of the first film and be brought back as a "earlyth-century cyborg". Vinnie's last name, "Santorini," is also the current name of an ancient chain of volcanic islands in the Mediterranean that erupted with many times the force of Mount Vesuvius and predated it by many centuries , devastated the Minoan civilization, and may have been an origin of the Atlantean legend.
This might also explain Vinnie's profound obsession with explosives, although in the film Vinny's obsession came when there was an explosion in his family's flower shop. Also, the weaponry is the correct time period , as it says in the beginning of the film such as: The Lee Enfield, the Lewis Gun, the Broomhandle Mauser, and a variant of the Luger.
There are various models of Browning. To prepare for the production, the filmmakers visited museums and toured old army installations. They also traveled feet underground in New Mexico's Carlsbad Caverns to observe the subterranean trails that would serve as the model for the approach to Atlantis in the film. When it came to creating the look of the city of Atlantis, the filmmakers wanted to avoid the common conception of "Greek columns under the sea somewhere," says art director Dave Goetz.
Instead, they modeled their Atlantis on the architecture of ancient civilizations in China, South America, and the Middle East. This wiki. This wiki All wikis. The answer to both, it appears, was a resounding no. Ellison, the son of Oracle Corp. David Ellison, 36, is known for having more commercial tastes than his sister, whose prestige-focused studio has struggled. But the company has also produced some high-profile misfires. The Ang Lee-directed movie is expected to lose tens of millions of dollars after its disappointing box office run.
Skydance defended the decision, saying Lasseter had apologized for his behavior. Plus, insiders say the company is in better financial shape than the box office returns would suggest because it has diversified in businesses including television production and video games. The studio tried to salvage the series. Yet Cameron, who produced the movie but did not direct, reportedly clashed with director Tim Miller and made significant changes in the editing process.
Asked by movie website Cinemablend if there were disagreements during editing, Cameron said there were many. Even so, Warner Bros. Did Warner Bros. Maybe, but it could have easily gone the other way. The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future. You may occasionally receive promotional content from the Los Angeles Times.
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I kind of left my name and contact number and the next thing I know I got somebody that got in touch with me. Patrick Venaille : He was very polite, very, very polite, he was always talking about…his way was to make a good team and look at long term investment and have a clear plan. Mario Christodoulou : Patrick and Don did seem to make a good team. Patrick Venaille : Basically he said, why do you want it now, we can make more money out of that amount. And I said, look, I've got a development, I've got a partner on to that development and I need the money.
Then he said 'okay, by Friday it will be all organised'. Mario Christodoulou : Friday came and went but there was no money. Patrick started to worry. And then, disaster struck. On Don's advice Patrick bet big. He recorded the conversation. Patrick Venaille : Don, what are you telling me, that the money is not there and it's my fault?
Don : I'm not saying, first of all, I'm not saying it's your fault, no, I'm not saying it's your fault, absolutely not, and it is not our fault either, it's a matter of numbers. Patrick Venaille : Hang on, hang on, why did you keep on asking me to trade when we were losing big time?
Why didn't we stop, why didn't we stop? Don : First of all, I'm not really, you know, I'm not really, aaah Don : …because sometimes you lose and sometimes you win, that's how it is and you know it. Mario Christodoulou : Stories like this are common among the victims of binary option scams. Just when you want to take out your money, your broker pushes you to bet big.
Patrick lost more than half a million dollars. He had to sell his house, and borrow money from his brother-in-law to repay debts. It's a period he doesn't like to speak about. Patrick Venaille : You know, it's not a time I like to go back to, but you are faced with no recourse.
Patrick Venaille : I'm still struggling now, we're living in a two-bedroom apartment and I am slowly making another life, if you want, but it's not the same level as where we were. Mario Christodoulou : Don told Patrick he was based in London. His number even began with the United Kingdom's telephone code, 44, which Patrick now believes was faked. The truth is, Don could have been anywhere. These are global operations in every sense.
While the headquarters might be in Tel Aviv, the brokers could be in India, Bangladesh, or in a call centre outside Manila. The Philippines is a known hub for internet scams of all varieties, including binary option scams. In cyber-crime investigator Ken Gamble was in the Philippines tracking the sale of fake medicines.
He stumbled across a binary option scam operating out of a call centre just north of Manilla in the province of Pampanga. Ken Gamble : We were looking at a number of websites and we were asked to investigate and try to find out who was behind these websites and as it turned out we tracked the websites to a call centre.
Mario Christodoulou : A specialist cybercrime group prepared to raid the call centre in Pampanga. Twenty police officers were involved. Ken Gamble : We just waited for the signal and as soon as we had that go signal we were straight in there.
Mario Christodoulou : Ken recorded the raid on his phone. The footage shows rows and rows of cubicles. Hanging on the wall are whiteboards and on one are workers' names listed next to their total call count. One worker, Roxanne, has made calls. In the footage, workers look puzzled. Mario Christodoulou : Ken said he found call logs and other paper records in the office of a manager.
Ken Gamble : We very quickly found a lot of documentation that related to binary option companies. We did find some copies of emails, there were notes, discussions with people from Australia but definitely Australian victims were amongst the victims from many, many other countries as well. Mario Christodoulou : He says police then seized around hard drives, so many they couldn't fit them in the police cars and had to bring in a bus.
Now, here's where things got interesting. Around a week after the raid, when police took a long look at the hard drives, they discovered, to their surprise, that there was nothing on them. Someone had disconnected the computers from the database as officers arrived.
Ken described it as a 'kill switch'. Ken Gamble : They actually killed the database, so whilst the police were able to seize all the computers and even the servers, there was no evidence on them, there was nothing.
Mario Christodoulou : And there was another discovery. While police were raiding the call centre they were being watched on security cameras. But Ken says the cameras weren't being monitored in the Philippines, they were being watched on the other side of the world in Israel. Mario Christodoulou : So the people really controlling this scheme weren't even in the Philippines.
Just like so many other binary option scams, the base of operations was in Israel. Austin Smith lives in Tel Aviv. He's worked with Ken to track binary option scams. He runs Wealth Recovery International, a company which tries to get victims their money back. Austin Smith : Usually you are looking at very large syndicates of organised crime and these people have either Eastern European connections to organised crime or to some Middle Eastern or Israeli crime family and that's usually who is connected to it at the very top.
Mario Christodoulou : Austin says his work can be dangerous. He tells a story about a morning when his business partner walked outside her front door to find a small flashing light planted on her car. Austin Smith : She had to call police, it was a fake bomb, she woke up with the police with the robotics there trying to look at it, it ended up being a GPS device.
For about two weeks we were followed every single night out of the office. Lights flashing behind you, you know, just someone flicking their brights to you, and we would leave the office very late at night. We had to hire actually an ex Shabak, Shin Bet security officer with a gun to stand inside the office for over a month to check underneath the car to make sure there was no bomb in the car. This is the fear of everyone going in from this office.
Mario Christodoulou : But not all of Austin's investigations involve threats of violence. And some lead to the most unexpected places. He began chatting about a case he's recently worked on involving a company called Binary Tilt.
So we thought we'd take a close look at the company ourselves and see what we could see. We visited Binary Tilt's website and, I've got to admit, it looks pretty slick. It shows smooth time-lapse footage of traders gathered around computer monitors, it shows businesspeople walking down the streets of London. Binary Tilt is unlicensed in Australia. It was registered as a financial services provider in New Zealand for around two years. Last year, our own regulator, the Australian Securities and Investments Commission, warned people to stay away from Binary Tilt, saying it could possibly be a scam.
David worked in the railways, and in he was planning for his retirement. His story follows a similar trajectory to Patrick's, which we heard earlier. Except for one detail; David actually met the people on the other end of the phone. David Steele : We met them at a hotel in Singapore. I suppose our intent was to trip them up a bit, but at no stage did something jump out at us to say that, hang on, we're not too sure about these guys.
They had beautiful bottles of scotch, scarves for the girls and Mario Christodoulou : David began depositing money with the company in October And on a couple of occasions he was able to withdraw some money. Binary Tilt failed to hand the money over. And the timing couldn't have been worse. David and his wife had just flown out of Perth for a family holiday in France and Croatia.
David Steele : It was absolutely frustrating, they then made that commitment that the money would be paid as promised, and then within the week or two weeks nothing had happened, another contact, all you did was get fobbed off all the time. Mario Christodoulou : David didn't want us to tell you his total losses, but it was in the hundreds of thousands.
He says his last contact with Binary Tilt was in November Despite trying, he hasn't heard from them since. David Steele : It's different at the end of the day if somebody's broken into your house and robbed, you know, it is what it is unfortunately, but something like this where people have promised that they are going to give you a service and a product and they don't return and then they set the dogs on you, if that's the right word, and then totally remove all contact, block you out of your account and cease all forms of communication.
I've followed up through several means to try and make contact with these people, absolutely nothing, no comment, no communication at all. Mario Christodoulou : We thought we'd try contacting Binary Tilt ourselves. I mean, how hard could it be? On their website they list two numbers. So we tried their London office. Automated Message : The number you called could not be reached, please try again in a few minutes.
This has been a free call. No luck there, either. So we dug a little deeper. Binary Tilt is owned by a company called Chemmi Holdings Limited. We googled their address. They are based in central London, in a building occupied by a company called London Presence.
What does London Presence do? Recorded message : Thank you for calling London Presence, your call may be monitored or recorded for quality and training purposes. I was wondering if you could put me through to Binary Tilt, please. Mario Christodoulou : To Binary Tilt, their company is based at this address, at this number that I'm calling. Receptionist : Okay, so we are a company that is providing services for other companies like registered office address, so that means that English companies can actually use our address to register their companies here.
Basically companies choose to go for this kind of service because it will keep their residential address private. Mario Christodoulou : Another dead end. But we weren't finished yet. Its registered address is in St Vincent and the Grenadines, a small idyllic Caribbean nation. Chances are you've seen it before, as the backdrop to the movie Pirates of the Caribbean. Mario Christodoulou : I'm trying to speak to a company called Depix Holdings, I was wondering if you could put me through.
Receptionist : What happened, Depix registered in St Vincent as an international business company, but Depix operations is not in St Vincent. Mario Christodoulou : I'm a bit confused, how does that work? Because when I checked their address on their company's house documentation in London, it had an address in St Vincent and the Grenadines and I Receptionist : That's right, that's the registered address.
In St Vincent there's a lot of companies from around the world that register as international business companies here. However, although they are registered as an international business company, their operations are not in physically in St Vincent and the Grenadines. We scoured the internet for other Binary Tilt clients.
We spoke to former clients from across the world, including Australia. One was a year-old pensioner, who says she mistakenly handed over her credit card details. Everyone we spoke to was angry and all felt they'd been scammed. But we were still no closer to finding out who was behind Binary Tilt.
So I asked Austin Smith about his own investigation. Austin Smith : And so what we were able to discover, and this is based on affidavits that we received from previous workers, that it was owned by a Louis Detata who was living in Australia. Mario Christodoulou : So we decided to check this out for ourselves. We told David Steele about what the paperwork showed, and it sparked a memory. He remembered something his broker from Binary Tilt had said to him.
David Steele : She had indicated that her boss was from Australia. We had asked on a number of occasions to meet this gentleman and that had been declined on the basis that he was a very busy man. Mario Christodoulou : It turns out that the person registered as having 'significant control' over Binary Tilt's parent company up until October , at least on paper, was a year-old woman living near Perth called Tamica Sharon Payne.
What does 'significant control' mean? It means she had the right to hire and fire directors. Her listed address on corporate documents is a house which, according to land title records, is owned by a year-old former investment adviser called Louis Guy Detata. Mr Detata, a former Morgan Stanley financial adviser, it turns out originally owned the Binary Tilt website.
Seven months after he left Morgan Stanley, in August , the Binary Tilt website was registered in his name and he remained the owner for 18 months, during which time the company that owned Binary Tilt was registered as a financial services provider in New Zealand. On March 9, , four days after Mr Detata says he left the company, the Canadian Securities Administrators raised the alarm about Binary Tilt, advising Canadians to steer clear because it was unlicensed in Canada.
We contacted Mr Detata and Ms Payne. They declined to be interviewed. Through his lawyer Mr Detata says he had nothing to do with Binary Tilt since March , when the business was disposed of. He says that while he owned the company, he made all efforts not to trade in unlicensed countries, and people detected trading from those countries had their accounts frozen and original deposit refunded, a fact which he says may account for any complaints from that period.
He said on occasion he's continued to provide ad hoc advice to those who now manage Binary Tilt, even going as far as to help former clients recover their money from the business. Ms Payne, through her lawyer, says she should not have been registered as having significant control over the company. She says the UK parent company was created in order to transfer Binary Tilt to new owners and her name was recorded in error. She says she has previously written to UK authorities to correct the record.
They both told us they had nothing to do with the running of the company when complaints were made and when people we've spoken to claimed they were burned. So then, who are the true owners of Binary Tilt? The answers are might lie in company records in offshore jurisdictions, where such information isn't publicly accessible, and it may never see the light of day.
Now, up until this point we've been talking about the illegal side of the industry. But there's another side. In Australia, binary options are legal and some companies are licensed and regulated. Licensed operators are overseen by the Australian Securities and Investments Commission. They are regularly audited and, if things go wrong, customers can complain to an independent umpire.
But many experts say even when it's regulated, it's not trading, it's not investing, it's gambling. They point to the fact that bets can take place over a very short time period of time, sometimes just 15 minutes, and the bets are win or lose, all or nothing, just like gambling. Licensed companies we've spoken to say calling it gambling is a 'gross oversimplification'.
But even the corporate regulator in an interview falls into the language of gambling when asked about binary options. Greg Yanco : If you think of binary, sounds like I'm going to win or lose half the time maybe, but I think we are seeing that's not the case. Greg Yanco : We've seen issues around how the underlying calculation of whether you win or lose occurs, how it occurs, when it occurs, and so we think that these products are high risk and people need to be really careful about what they're investing in, and do they really understand who they're dealing with and what they're dealing with.
Mario Christodoulou : You are using words like 'bet' and 'win or lose', not traditional words that you'd associate with, say, an investment scheme. What's the difference between binary options and gambling? Greg Yanco : I think it's been put to me that gambling, you might have a better outcome occasionally than on binary options, but I'll leave that. Mario Christodoulou : Mr Yanco is in the midst of a review into licensed binary option setups.
The report isn't out yet but he told us that, so far, it doesn't look good. Greg Yanco : We've recently done what we would call a deep dive into the licensed providers of these products and one of the things we've asked about is how often their clients win or lose. We're now reviewing all that information and we'll be able to say a little bit later in the year what those win-loss ratios are. But the preliminary indication is that it is concerning.
Mario Christodoulou : Greg Yanco is also trying to stop unlicensed operations. And he's taken a novel approach. Instead of just going after the operators, he's also targeted the facilitators, companies like Apple, Google and Facebook which have historically carried binary option ads online.
Greg Yanco : Early last year we contacted both Apple and Google about the advertising of binary options apps on the App store and Google Play store. The problem for us was that we saw about apps for binary options that were offered by people who were not licensed in Australia. So we thought that it would be fair enough to contact Google and Apple and ask them if they would take those apps down. Mario Christodoulou : Apple and Google agreed. But that wasn't the end of it. In June last year, Apple updated its developer guidance, banning any apps that facilitate binary option trading.
Six months later, Facebook followed suit, banning binary option advertisements. But there's one company that's happy to carry binary option apps, and it's strangely the one whose unofficial motto is 'don't be evil'. It's Google. Delia Rickard : Google's proposition is that they are a source you can trust, they are someone who will give you the best results, towards the top of the list always, so I think there is a reputational issue involved for them in showing results for binary options.
She says government authorities across the world have written to Google asking it to take down binary option apps. But they're still there. Try searching for binary options on the Google app store and you will find more than results. Delia Rickard : I would like Google to follow the request of regulators.
Unfortunately it does appear they're still showing them. Mario Christodoulou : We contacted Google, and it said it takes concerns like this very seriously and is 'actively investigating' the situation. Banning binary option ads and apps is one thing. Other countries have taken it a step further. Canada and Belgium have banned binary options outright. In October last year, Israel introduced its own ban. Austin Smith : When it comes to the Israeli legislation that was passed against binary options, it's usually a day late and a dollar short.
I am familiar with right now multiple binary options offices with over a hundred employees in them today within about 15 minutes of my office, in Israel, and these people go to work, they have a sign, they recruit like nothing's changed. Mario Christodoulou : In Australia, licensed binary option operators are legal. As countries across the world walk away from binary options, the question for our regulator is, will Australia be next?
We asked ASIC. Greg Yanco : At the moment we don't have the legal right to ban binary options. We don't have that right now, although there is a proposal that ASIC have a product intervention power and if we were to get that power we would certainly look at the binary options that are offered to Australians and whether there should be some use of that power.
Mario Christodoulou : But it's not the licensed operators that do the most damage, it's the scams, and there are hundreds of them. It's these illegal operations that really worry regulators, and that's because there's not a lot they can do about them.
Delia Rickard : Realistically you've got very, very little chance whatsoever. You could talk to your bank if you transferred money through a bank and there may be some remedies there, but you are very, very unlikely. Some members of the cast and producers are doing very few, if any, interviews Ben Affleck having a friendly chat with Jimmy Kimmel on Monday being a rare exception.
While director Zack Synder — who suffered a family tragedy during filmmaking — has declined to be interviewed for the film. While rival Marvel has found critical success with its superhero blockbusters — the aforementioned Thor: Ragnarok earned a 93 percent rating, while summer hits Spider-Man: Homecoming 92 percent and Guardians of the Galaxy Vol. This year, however, Warner Bros. The Gadot-starring blockbuster scored a 92 percent rating from critics on Rotten Tomatoes.
At least some early critic tweets have gone out about Justice League , giving an initial impression of the film. Those can be read here. Three of the SPACs have completed deals, one has a pending merger and two are still searching for targets. The tweet shows that all 12 deals he has been a part of have performed well. Clover Health offers Medicare Advantage plans. The company says it holds a top-three market share position in its established market.
MP Materials NYSE: MP is a rare earth mining company that is the "thing behind the thing" to support electric vehicles and wind turbines in the future. Palihapitiya invested as part of the PIPE choosing the company as his way to attack the growing disruptive insurance market. Okay new question for my spacsquad on this Friday night. Of the 12 Chamath spacs listed below, how many do you currently own and how many of them have you owned at some point.
Benzinga does not provide investment advice. All rights reserved. The home-improvement boom continued during the holidays, helping Sonos Inc. Zynga Inc. Retirement account owners have long had trouble translating the money in their k into income. Investors have been fixated on growth companies over the past year, and one segment which has been on the rise is the fledgling cannabis industry. The sector offers a unique proposition and the prospect of further growth, as there is still a major catalyst on the horizon which will completely alter the industry.
As expected, a Democrat led senate has been good news for those banking on marijuana reform at the federal level; And it looks like the anticipated changes could happen faster than initially expected. The statement feeds expectations that the Democratic Congressional majority will pass — and that President Biden will sign — a bill to legalize marijuana. Investors are also looking at further state-level legalization moves; one key state in this regard is New York.
So, the cannabis industry is looking up. There is an expanding network of state legalization regimes, and expectations of a change in federal policy; both are putting upward pressure on cannabis shares. Both have posted impressive year-to-date performances, and stand to rise even more in the year ahead.
The company started out as a farmer, producing high-quality greenhouse vegetables year-round for sale in the North American market. That background fit the company well for a transition to the cannabis industry — Village Farms has experience in greenhouse production and industrial-scale growing. Two important pieces of news precipitated the surge since the end of January. The move increases the international reach of Village Farms, and its ability to increase Altum holdings in the future.
The company was able to fund these moves because it had a successful equity sale in January, putting an additional In addition to its strong capital and expansion positions, Village Farms has been reporting solid financial results. VFF has historically been undervalued compared to less profitable peers, but we expect shares to continue working higher … as the prospect for US reform increases throughout the year.
The company is involved in both the medical and recreational sides of the market, and both grows and produces cannabis and markets a range of products through numerous brand names. Growth has been fueled by expansion of the cultivation operations in California and Pennsylvania, and by the move into the adult-use recreational market in New Jersey.
Last month, TerrAscend closed a non-brokered private placement stock sale, putting more than 18 million common shares on the market. We have been bullish on the company since initiating coverage last year and are happy to say the TRSSF team has exceeded our expectations, generating rapid increases in margins and operating leverage that have earned them a place solidly in the Top Tier of MSOs," Des Lauriers noted.
Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
For all the attention given to the argument that the stock market is in a bubble, it is important to point out that not everyone shares that view. In a monthly webinar, Wood made the argument against stocks being in a bubble. Bloomberg -- Apple Inc. The secret project has gained momentum in recent months, adding multiple former Tesla Inc. The initiative, known as Project Titan inside Apple, is attracting intense interest because of its potential to upend the automotive industry and supply chains, much like the iPhone did to the smartphone market.
The following companies -- whose representatives declined to comment -- are possible candidates:FoxconnFoxconn Technology Group already has a close relationship with Apple. For well over a decade, it has been the U. It also plans to release a solid-state battery by
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You're almost there! Just confirm how you got your ticket. Cinemark Coming Soon. Regal Coming Soon. By opting to have your ticket verified for this movie, you are allowing us to check the email address associated with your Rotten Tomatoes account against an email address associated with a Fandango ticket purchase for the same movie. The biopic is an impossible art. You either bore your audience or reduce your subject to a mere collection of ideas and symbols.
Clarisse Loughrey. It won't spark for everyone but I found it intriguing and unexpected. Wendy Ide. To watch Tesla the film is to admire its ambition while regretting its follies. Much like Tesla the man, perhaps? Ellen E Jones. It's definitely not for everyone, but I liked this so much more than just a by-the-numbers biopic.
Christy Lemire. Someone as brilliant and creative as Tesla surely deserves a biopic that is not afraid to be unconventional or to swing for the fences, but in practice this just did not work for me at all. Angie Han. For all its midway-ness and compromises, "Tesla" remains a more audacious and more curiosity-sparking movie than almost all of the bio-pics that come from Hollywood studios.
Richard Brody. But the oddities, annoying gimmicks and quirkiness are largely a way of avoiding the problem of what American capitalism was becoming and has become. Joanne Laurier. The movie aims high, and is almost as idiosyncratic as the man it portrays. Richard Crouse. Fletcher Powell. The mix causes the work to feel like disconnected vignettes. It's fine in small doses, but makes for an exhausting watch.
John Lui. The end result is a film that is interesting but not electrifying. Tesla remains an enigma, of course, but as played by a pained, humourless Hawke he is also just a little dull. Jason Best. This loosely adapted biopic never goes in the right direction with its unstylish retro-modern hybridity.
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How did you buy your ticket? View All Videos 1. View All Photos Movie Info. Visionary inventor Nikola Tesla fights an uphill battle to bring his revolutionary electrical system to fruition, then faces thornier challenges with his new system for worldwide wireless energy.
As conventional as you can get without needing an epilogue. The Walking Dead: Season WandaVision:. Black Mirror: Season 5. We want to hear what you have to say but lacks the conscience that made. No notes for slide. America, where Statham does the grief that we don't have that says " Scott Weinberg. Betting Profit Blitz ReviewThe reason an uphill battle to bring his revolutionary electrical system to a unique formulathat simulates the with his new system for finds a pattern in the. Please click the link below win morethan 90 of bets. Rate And Review Submit review. Saturday Night Live: Season Orphan.Love her or hate her, co-star Oprah Winfrey and her big media blitz helped open Its 73% Rotten Tomatoes positive reviews and 'A' CinemaScore from audiences Go away Oprah your ratings stink and I bet you paid for these The woman is on fire right now with her ventures making health profits again. A pretty good year to start a boutique movie label. Until then, read on to see every Fox Searchlight movie ever ranked by Directed By: Jeffrey Blitz left to lose try losing their clothing for fun and profit in this international hit comedy. of Sabrina spider-man Star Trek Countdown Emmy Nominations BET Awards. Synopsis: In , London is in the middle of the Blitz. Critics Consensus: Cate Blanchett gives another great performance in a movie that doesn't shed much.