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Posts: 592 | Thanked: 1,167 times | Joined on Jul 2012
#1247
Originally Posted by martonmiklos View Post
I am not sure that I have followed the story properly, but I smell fishy things.

From IGG:


I am unsure about what margin does these guys work, but given the fact that if I count right 573 orders were placed on IGG I seem the following options:

- They manufacture 3000 and financing it from the 160K USD. The frozen cost + shipping in this case should be below 53 USD /tablet (which I doubt)
- Someone put money to it to finance the rest of the tablets. Putting money to manufacture a 3 year old design targeted to a limited audience does not seems to be a wise business plan. (I doubt this as well)
- It might be the case that the guys did not estimated well or have not done proper research on the component/mfg prices and MOQs before the campaing in the few thousand range. Now they simply ran out of money and they start disappearing.
- It was a scam from the beginning.

My bet is between 3 or 4.
Assuming them to onboard themselves into this enterprise without having clarified the costs would not only be stupid; it would also prove them to be unprofessional.

Also, this has been misleading from the beginning.
I do not understand how this could not be more in the clear (cost-wise etc).

So this makes me choose the simpler version, point 4.
If hypotetically this is true, It's amazing that the same scam happened *twice*.

But theres also the third way; that the success of the campaign on IGG was not as big as expected; and therefore the funding would not have been enough. Tho I think this is still possible; it's VERY gray/shady territory, which gives lead to alot of different possible scenarios, including scamming ones.


For the reference, as I was tempted to join, I for once decided not to become a hairbringer of doom (luckily). Sorry for the ones who still did tho .

@chenliangchen, would you be able to share more info on the ammount of costs of parts? Or where to look them up?
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Last edited by tortoisedoc; 2018-04-02 at 08:44.
 

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