Didnt Craig said after the CC incident that they lost to much money and couldnt fulfill all orders, that they could have filed for bankruptcy but carried on trying all they could? Had they went bankrupt no one would have gotten anything, no more Pandoras and no refunds. I got my Pandora order from him, my emails contacts have been fast and always gotten awnsers, they helped me with repairs, and I got the metal token when donating, all of this dosnt sound like a dishonest man to me, If hes out of money there isnt much he can do in terms of refunds or delivering Pandas right now is there? And a bankruptcy is the last thing you want then you get nothing.
To be honest, it's statements like that that kept me away from the project in the first place. If the only alternative is bankruptcy, then you're on such a knife-edge anyway that I don't think your business management can be trusted at all. "It's that or go bankrupt" isn't, to me, a business saving itself so much as one that's already circling the drain trying to threaten customers to stick with it - or else! And, to be honest, if the company had gone bankrupt the knock-on implications might well have been worth it - the directors of the company would be brought before an administrator to explain their actions, their other companies would be similarly tainted in terms of credit and operation, and though people might not have got all their money back at least something would have been done to discourage such business in the future (and, to be honest, if you used a credit card to pay, the credit card company would reimburse you in almost all countries). Also, because of the *deliberate* separation of other companies run by the owners from OP Ltd., the company owners would actually not lose out except in terms of reputation and credit history except in the worst case. They really have nothing to lose that they aren't already at risk of losing anyway. Customers, however? They stand to lose everything. Threatening customers with your own bankruptcy is probably the lowest form of business.
But, remember, if only a handful of people start claiming a refund through the courts (rather than through the normal refund process which seems to be failing them at the moment), then the company either has to find the cash somewhere or file for bankruptcy anyway. And ED can't save that. Literally a debt of a penny that the company can't pay and someone decides to take to court - no matter HOW MUCH the company is worth or what it has in stock, etc. - can force a filing for bankruptcy. Nobody has yet done that (I'm baffled as to why, but assume it's because of the bankruptcy "threat"), but it could still happen at any time. And then you're in a much worse position anyway. You might have your unit, but then the original company will be sold off - or even given to the person who filed for bankruptcy if the debt is big enough and they accept it as a valid form of credit (e.g. one of the many investors, say, who I don't think got quite such a good deal as even the customers still waiting). Sure, it MIGHT be ED that picks up what's left of the company and the assets (and even a trademark is considered a saleable asset) but it might not. And then you're on an unsupported console where anything from the website to the software archives to historical firmwares might come under the copyright of whoever bought up the remains of the assets (which might be a rival project, even, and nothing to do with ED or Craig). And they would have good legal standing to cause quite a lot of hassle in terms of preventing downloads, relicensing updates, etc.
Sure, if you hang on and "trust" people, you might see a console one day. But this isn't about being honest or running a good business in times of trouble. This is about threatening customers with great loss (for them) at little cost (to you) in order for the customer's to rectify your own mistakes. From what I hear, the ICP kickstarter is starting to go the same way. I've said it in public several times now - I'd work with, or hire, ED in a second because once he was in control he proved he can run a business (even down to not just caving into Craig's demands for effectively "free" consoles). But Craig? I wouldn't have anything to do with him at all. And threatening your own customers with your OWN bankruptcy is probably the lowest of the low. Unfortunately, the OP still has Craig's fingerprints all over it, and the situation has been on the proverbial knife edge for years now and still isn't free of it (basically someone had to break away into an entirely separate company to get things working again, and effectively abandon all the previous customers to their fate).
You can try to paint that as the better of two evils all you want. The fact is, when there's a choice between two evils, you're still choosing an evil in the end.