Posts by bobmajors

The "poor contractor" pocketed a five figure sum for 18 months of lying about the progress of the device. This is merely an attempt to paint himself as an innocent party.

Re: £20K paid?

If you read the linked Reg article, the initial £20K was paid - it's the extra payments totalling at least £17,000 which have not.

Re: Seriously though

It is indeed.

Re: Oh, and I'd just like to add...

Indeed, which means he joined when they had the £1/2 million of backers money, got paid some of that for "consultancy", got paid some more for producing firmware that apparently doesn't work and is 25% responsible for the 2 year delay.

Re: My next prediction - that Psion-revamp thing will similarly tank.

Don't forget, RCL also put out photos of Vega+'s being assembled.

They turned out to be a batch of prototypes which didn't work particularly well, but were paraded around for a year by people like World of Spectrum "owner" Lee Fogarty and self-proclaimed "most prolific ZX Spectrum developer" Jonathan Cauldwell as "proof" this wasn't a scam.

Re: Accounts?

"Current Assets" are not just ready cash but also anything that can readily be converted into cash in the next 12 months such as stock, debts and especially the forthcoming Indiegogo payment.

It might be misleading, but that may be the intention when the former directors are saying the reason for the split was down to the dire financial situation they were in.

Re: Given that a crowdfunding is an investment...

The credit card companies and Paypal are viewing it as failure to deliver. It seems that as they have given multiple failed delivery dates it changed the deal from being an "idea" to a tangible product.