Regarding Pre-Registration Attendee Refunds and Merchant Registrations for SaikouCon: I apologize sincerely that your refund will not be immediate, and that this message is later then the August 10, 2021 date announced on the convention website and Facebook, I have been in meetings with my legal counsel every day since August 9, with a final meeting earlier today; August 20. At Counsel's urging I have not sent these messages or made social media posts until we came to an agreement regarding whether or not I would be declaring bankruptcy due to the unavoidable cancellation of SaikouCon 2021 following the 2020 cancellation thanks to the Coronavirus Pandemic and the cancellation of all future years of SaikouCon as well as all side events tied to SaikouCon.
My attorney has urged me to declare bankruptcy, but I wish to make this right instead. Unfortunately the convention is unable to refund all pre-registrations at once as the various cancellation fees for each cancelled year was in the thousands between cancelled flights for guest stars, guest star appearances, hotel rooms, non-refundable venue fees, non-refundable AV equipment rentals, and table rentals for our merchants. It actually costs more to cancel a show than completing a show.
The convention is trying to make this right for each attendee and each merchant, but I must ask you to be patient and work with me as I liquidate all of my personal assets to accommodate issuing the refunds, a number of refunds will be issued each month as the sales of my assets are made, paychecks from my upcoming full time and part time jobs will be used to issue refunds to everyone still owed refunds as well. The August allotment of refunds have been issued at the time of this message. The next round of refunds will be in September 2021 near the end of the month, they will be issued in order of badge purchase from earliest for SaikouCon 2020 in late 2019 and early 2020 forward to those that pre-registered for SaikouCon 2021.
My attorney has begrudgingly acquiesced to this arrangement, however, should claims be raised against me he will declare bankruptcy on my behalf as soon as any claims are made known to him.
To be realistic in timeframe, it will take me 16-24 months to repay every single person that pre-registered as an attendee and registered as a merchant SaikouCon 2020 and SaikouCon 2021, I am hoping for sooner than that; but with closing the convention completely I am already being denied business and personal loans I have applied for to remedy this situation as I have no collateral in the form of real estate or any vehicles I own.
Once more, I ask for patience, there is a huge misconception that all registration fees are kept in a huge money bin ala Disney's Scrooge McDuck character or that the convention has made millions over the years of operation, but that is sadly not the case. Registration fees are used as working capital throughout the year to rent the above mentioned tables, AV equipment, venue fees/rent payments, in rare cases advance partial payments to guest stars, airfare for guest stars etc. and has been since SaikouCon began; the convention has only ever made enough revenue each year to pay for itself and begin the following year's payments out to hosting venues. 99% of the above is non-refundable and uninsurable when cancellations happen due to the pandemic and the increasingly unsafe environmental conditions of the world; this is the sad truth and nature of event running. On a personal note, I ask for patience again as I am ending an event that has taken quite truthfully all of my blood, sweat, tears, effort, and mental fortitude since May of 2012 when I began planning the first show. You may be losing a stop on your summer con plans, but I am losing a career that I have lived my life for and around for a decade.
Once your turn in the refund queue has come, I will contact you again (following your email messages that will be begin being sent tomorrow, August 21, 2021 with all of the above information) to confirm your mailing address that you provided with your pre-registration payment to ensure you receive your refund via cheque as our credit processor PayPal only allows direct refunds to your credit/debit card for 180 days from payment date.
Former Con Chair