Actually my post was an attempt at sarcasm...You quoting the Berk Group buy that went 6 months over the 3-4 week comparison pales in comparison to something that is over a year in the making and has many people worried with rumors of pending bankruptcy..
From past experiences, legitimate "GROUP BUYS" are done for shops to do their buy ins with companies, or companies are releasing their new product that they already have made and want to get it to the market. I have never heard of group buy participants actually funding the R&D and development of a product that was supposed to already have been done and bragged as "superior" to any of the competitors in typical GTM fashion..
Either you have something to sell, or your looking for investors..The people should have been informed that their deposits were going to fund continued R&D of something not yet perfected or produced. IMHO just omitting that little fact, constitutes deceptive business practices..
|