Factual error: George comes up with the idea to raise money via a public share issue in Channel 62 around mid-morning, and promptly announces the telethon on the air and by midnight of the same day they have the money they need. One problem. Even if George had access to a compliant attorney and Channel 62 was already a company authorised to issue shares, a public issue would take at least ten days to organise. There are all sorts of notice periods and filing dates to which the share issuer must adhere. I know - I've done it.
UHF (1989)
1 factual error
Directed by: Jay Levey
Starring: Kevin McCarthy, Fran Drescher, Michael Richards, Victoria Jackson, Weird Al Yankovic, Al Yankovic
Genres: Comedy
Plot hole: Throughout the telethon we see volunteers taking pledges over the telephone. As with all telethons the vast majority of pledges will be paid by cheque. Instant bank transfers were unknown in the days the film was set and the telethon ends at midnight, at which time American banks are most certainly shut! How does George manage to have $75,000 in CASH for Big Louie on site that very night? Not every single pledge would (or could) go out to the remote site to pay in cash - not at that time of the night, anyway - and he couldn't raise more than the required sum as this was a share offer and an oversell would reduce the value of individual shareholder's equity.
George Newman: Lesbian Nazi Hookers Abducted by UFOs and Forced Into Weight Loss Programs... All next week on Town Talk.
More trivia for UHF
Question: What is meant by "We don't need no stinking baggers" line in the movie?
Chosen answer: It's making fun of "Badges? We don't need no stinkin' badges!" which is an often referenced 'quote' from "The Treasure of the Sierra Madre" (Actually, the real line is "Badges? We ain't got no badges. We don't need no badges. I don't have to show you any stinking badges!", but that's the way people say it.)
Mel Brooks borrowed the line in "Blazing Saddles." In that film, the line actually was "We don't need no stinkin' badges."
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Suggested correction: They were selling stock at the telethon to those in the crowd. At $10 a share, they only needed to sell 7500 shares, and who is to say people didn't buy multiple?
Because they had $75,000 in CASH that night, if they sold 7500 $10 shares to the crowd at the station in order to raise that cash, then the people who pledged their money over the phone and who could not or did not go to the site at the end of the telethon have been cheated out of their money. Lawsuits are coming up.
Not necessarily. Nowhere does it say that they were selling ONLY 7500 shares. That was what they needed to raise the $75,000, but it doesn't mean that was the hard limit. Those pledging over the phone would still get their shares.
If they didn't give anyone any money, they couldn't be cheated out of their money.
Bishop73
Suggested correction: There's nothing to suggest the people on the phone were paying by cheque over the phone. They made their pledge over the phone but came in person to pay in cash and to pick up the stock. That's why there was such a big crowd of people in attendance with cash in hand.
Bishop73