gibberish said:
the main difference is that none of these companies have already taken payment for their non-existant, repeatedly delayed devices. i do understand that you want to get it right before you let us all at it, but at the same time i find it slightly weird that you took all our money before you were ready for production and still keep delaying the bloody thing! ho-hum!
Well, as said multiple times: Without that damn financial crisis, which didn't exist when preorders started, there wouldn't have probably been anymore delays. ho-hum.
We could send you a broken board right away, if that's what you want - then you can get something for your money.
The problem is, that Sony and Nintendo have slightly more cash in their pockets than we do - so they can simply finance everything and release it.
That doesn't work out with such small devices. The GPH has been produced with the preorder money - and the Pandora will be.
Does this mean your money will be lost when the Pandora doesn't work out? Nope, as we all gave some stuff to insure (i.e. houses, etc.)
It wouldn't make sense to sell the house to finance the Pandora, then buy it back. Instead, the house is an insurance - when the Pandora doesn't work out, you get your money back and we're all broke and lose everything we have
So basically YOU ALL made the Pandora possible.
There are multiple ways financing such a project:
a) You are a big company and have the money to do so. Isn't the case here.
B) You take a large credit which is pretty expensive to pay back. This makes the device much more pricey, as you need to get the money back.
c) You develop the device from your own funds and THEN get preorder money to actually produce it. This keeps the device as cheap as possible. But to insure that nobody actually loses the money he paid for the preorder, you need some kind of insurance like houses, cars, etc. which can be sold when the worst case happens.
d) You see that you don't have money to finance it and give up before you even start.
We decided to go for c).
Yes, some may be pissed as they paid it and it gets delayed. However, the Pandora wouldn't exist otherwise.
And we should even be more pissed - the more delays we have, the higher is our risk. We basically all risked our life to insure you'll all get your money back in worst case, so you can really be assured we make sure and ARE sure this project will work out