06-09-2014, 11:44 PM
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#20 (permalink)
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Base Member
Join Date: May 2014
Location: NJ
Posts: 33
Drives: 67 Camaro
Rep Power: 12
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Quote:
Originally Posted by 1slow370
what profit?
Lets remember here that very few people every paid and probably all but a few refunded, and im positive that this kit is in the 6 digit area for development costs.
A more likely scenario goes gtm wanted to make a new, kit, they gambeled on starting a group buy to mass up the r&d funds, so many people signed up that they put a really low price on it, cost escalated on the kit, this lead to the slow down, everyone started refunding pulling money that was already spent on the r&d out of the company, and now they have to cover it all out of pocket slowly as it comes in from other business to complete the kits.
They probably have to come up with as much new stuff as they can to drum up the business to cover the defunded groupbuy.
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So is it safe to say that everyone who entered the group buy is officially an INVESTOR ?? Since they paid the R&D for a company that did not yet have a product to physically sell..Are they entitled to a % of future sales as a result of funding the project?
If you dont have an actual product to sell how are you selling it?
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