Originally Posted by
ThorUSA
testy testy ..... I understand that backers are trying to make this mess look good, or at least go hard on people who critique the project. But this is not about getting browny points. Its about a lot of people who spend a lot of money on a dream. The whole idea of having own production with all those machines instead of outsourcing the frame is ridicoulous at best.
Even if he had a place who would built the frame and fork for him, the parts promised to be on that bike would have eaten at least 60 % of what he "sold" the bike for. In no way the money collected would pay for any machines. Yes maybe an alloy version with lower end parts made in China, would have been possible for the money he "collected"
I am hopeful that at least 1/3 of the backers eventually get a bike, but I am not holding my breath.
thor
For at least 18 months it has been clear that it is impossible to set up a factory and pay for backers bikes. That was never disputed. Peter has been smart about that; as much as possible he leased and/or paid off big capital items. He also as much as possible capitalized on government subsidies for startups and the like, stretching KS dollar. The biggest unknown is when he runs out of cash. He very obviously at some point needs to generate profit to stay afloat. We don't know when. Could be 3,6 or 12 months.