Originally Posted by
joey buzzard
I dunno. You made a decision to invest your money into this Kickstarter. You must've known it was a very ambitious product from the get go? That even without the pandemic and now WW3 looming on the horrizon that there'd have been challenges? By ambitious I mean that Peter not only had a very innovative design (he practically reinvented the folding bicycle) but that he also aimed to reinvent the production process and do it all himself in Canada. It was all clearly spelled out by him. The only fault I think he has is that he severely underestimated the time it would take to develop the product and scale up the production volume. It's totally undeniable that global supply chains are under severe strain at the moment. Why choose now of all moments to get litigious about your Kickstarter? He's clearly trying to keep production going, so that he can keep on trucking. Bikes are rolling off his production line. He hasn't abandoned you. True, you've already waited years and years, but it just seems to me that's what you sign up for when you invest in something that's totally never been done before. I didn't invest in this myself. If I were 10x richer than I am I might've considered it, but it looked risky and I like simple things (I'm bit of a Xootr Swift kinda guy myself).
Normally I read this thread like I'm eating popcorn in the cinema and I don't comment because I have no skin in this game for all the reasons I spelled out above. But clearly you had the money to make the investment into a complex product which at the time was more theoretical than actual. If you had simply wanted a nice bike there were plenty of other off the peg options that you could've ordered and had years ago, but you chose something else. What does a lawsuit achieve? Zilch to nada in my opinion. It'd just be a big poo that would drag on for more years and make it very difficult for this project to continue and would very probably result in the bankruptcy of one of North America's most innovative bicycle designers. As far as I can see there's now a viable product that's actually being churned out in some numbers. He just needs cashflow to keep producing, so he has to focus on retail first to meet his other obligations. Frustrating though it is to still be waiting, I reckon that now is exactly the wrong time to get impatient.
Western countries need to innovate so that there's more industrial production at home. Why kick the stool out from underneath someone who's making that happen just as they're finally getting there?
Those are my thoughts anyway.
would it be legally viable to sell the kickstart slot to somebody who would be willing to pay immediately and then would upgrade to one of the new proposed options?