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Here’s my list of concerns and you guys can dispute them if you’d like. I’d actually like you to do so but as far as I know, these are all facts (or real posibilities) and just make this whole thing too risky for me until I can just order a Pandora and they, or a more local retailer, can just send it to me.
1. The bank that Craig and the Pandora team used to take our initial orders bailed out on them and refunded almost everyone’s money. Obviously, the bank had concerns, enough to turn down all of the money.
Which, given the fact that we really know nothing only raises my concern as a buyer. We've been told that the bank was uncooperative. We haven't been told why they are wrong.
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3. The credit card order page still isn’t available and there seems to be this reorder ASAP so that I don’t get nailed on the conversion rates metality, further pushing the previous entry. Obviously the conversion rate thing doesn’t apply to England and possibly Germany (Evil Dragon’s shop?).
Agreed. I stand to lose $50 CAD even if I were to reorder immediately. If this were to collapse again (say, because of a failure in their supply chain so that they cannot get the LCD screen for months), we might go through this very dance again.
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6. Even if all or almost all of the Pandora team are on the up and up, if just one person who has access to the bank account wanted to, he or she could clear it out, disappear and leave most of you and the rest of the team in a very bad place. I have friends that I’ve known for most of my life that I wouldn’t trust giving them access to that much money. I’d like to think that they wouldn’t take it but I wouldn’t take the chance or wouldn’t be all that shocked if they did. I don’t even personally know one member of the team. I’d like to think that they are all cool guys but I can’t take the chance.
In this regard, I assume that the money is in a corporate account, that requires two to countersign to withdraw. With hopefully the treasurer / finance guy not being one of them. That would be the professional arrangement. However, while I think the Pandora dev team is very technically able, and very dedicated, and probably honest, I have serious concerns about their professional corporate savvy because I don't know and they won't tell us.
I would seriously appreciate knowing at the very least, if this is all being done via a corporation, and who the shareholder(s) are, and who the director(s) are. And yes, I know this is a community project - I am not expecting quarterly updates, I am not a shareholder, but even seeing the basic signs of proper incorporation would vastly raise my confidence in the principals' ability to carry this off from a delivery (as opposed to a design concept and prototype) perspective. Caveat: I am basing this desire because of what I know about Canadian incorporation - it could be very different or totally irrelevant under UK laws.
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7. To the best of my knowledge, they don’t have all of the parts needed yet and don’t know when they are going to. They still need the LCD screens. They still need the cases. Heck, they don’t even have all of the money yet. I really don’t see how they will be able to take all of the orders, get the parts, assemble several units by hand, finish writing the firmware, test out everything that it can do accurately, secure the manufacturing process, ship all of the parts over to the plant, get back all of the assembled Pandoras back, package them up and ship them all out to everyone who ordered. Jan/Feb seems like a best case scenario to me and one that I’d be surprised if they made. It’d be great if they did but I’m not expecting it. No ones know for sure when Pandora will be shipping.
That is true. We have gone from an estimate that was short of a promise (target late November / mid December 09), to no estimate at all.
Ultimately, for one reason or another, there is a serious lack of transparency. I am inclined to take my loss and simply wait to see if this device becomes a reality. Given that the Pandora is already going to be delayed at least by a quarter, it doesn't seem like waiting a year for a second batch after the first is a proven reality is that much longer for a better sense of security.
I do believe the Pandora is technically feasible, given the information I have seen posted mostly by MWeston from a hardware design perspective, and the specifications from ARM. The real question is it feasible from a manufacturing and finance basis.
Unfortunately, if a significant number of people think like you and I (and this poll is not indicative - it is a reflection of the most involved and hopeful followers of the project), then there may never be a first batch, because there will be insufficient capital to pay for the parts and manufacturing. Which means that those who go ahead will probably have their money refunded (if Craig & co are honest, which let us assume we are) but again at an exchange loss.
I am not going to apologize for anything I am saying. My concerns are reasonable and if this community-supported product wants the community support, it should start being a little more communicative than a few snippets on a blog and comments on a forum.
I personnaly probably will make the leap of faith and hope if the credit card page goes up and I if am allowed to pay exactly what I was refunded. Does anyone know if this will be case? Not speculation or the "from what I have heard / understand", but official word? And if so, it will be because I can afford to lose another $350 dollars. If you can't tolerate the risk - and it seems higher, not lower, than back in October - then it probably is wiser to wait.
My $0.02 (+$350).