BenT said:
OK, taking a look at the top two pinned threads along with the information we've had given to us in miscellaneous posts around the place, I think we either know or can assume the following:
- OpenPandora lacks (substantial) cash inhand: This fact stems from a small deductive chain along the lines of:Before being told about even more reorders being necessary, Chip mentioned that all but around 25% of customers needed to be refunded and reorder. So let us assume that only 75% of original orders needed to be redone (ignoring later messages on the subject). Let us assume (conservatively) that 80% of orders were via credit card.
- The Credit Card re-order pages are not up. Let us assume that 60-70% of the refunded customers are desiring to use the credit card to pay for it again (a very conservative estimate given the security inherent in credit card orders & the nervousness around the boards atm).
- OpenPandora was going to break even on the first batch of 4000 units. This is not a guess but word from OpenPandora themselves.
Given the above information one can deduce that there is ~1500 people still to put down their money, or around US$500,000 not in OpenPandora coffers that otherwise would be.QUOTE
( (4000 x 80% [credit card orders]
) x 75% [people needing to reorder]
) x 65% [people ordering via credit card again]
) = 1560 orders
1560 x US$330 [order price]
= US$514,800 outstanding
With this much short - OpenPandora still needs to order parts, handle manufacturing/labor costs, etc - bloody tight I think![*]
Manufacturing Quality/Speed: Not too long ago we were informed that the manufacturing quality for the boards was not quite there yet. I think the number was 25% bad boards coming out the end of the pipeline. Let us assume they have (just) fixed that - that means manufacturing will start in earnest... at 5000 boards a month.
[*]
LCD & Case Quantities: LCD's were coming in slowly and we have not yet heard about a change in this trend. The case & keyboards were only recently finalized (though I can't be 100% sure on the case - this is an assumption in OpenPandora's favor).
[*]
It's two weeks until Christmas: For some parts of the world - you need a week/two weeks to be sure of a delivery.
Given the above facts, we have the following deductions:
- OpenPandora simply does not have the boards ready (LCD shortage, case/keyboard production, 5000/mth board production rate)
- OpenPandora cannot afford to pay for all boards right now (money on hand, lack of reorder pages)
- OpenPandora simply doesn't have time (reorder pages, 5000/mth board production rate, shipping time)
Just a few corrections:
Even if every single CC customer decided not to reorder, we still have the money and resources to make the 2000-or-so (according to Craig) Pandoras that are already paid for. As I've tried to make clear in past posts, the bank problem is a nuisance, but it does not put the entire project at risk. We're losing money on this batch no matter what, but that's not really a problem. We're in this for the long haul. Future batches will pay back all shortfalls from this batch, even if half the orders disappear.
Assuming the manufacturer is not flat-out lying to us again, we should have ~ 2000 LCD panels by Christmas. Obviously that doesn't mean we will have 2000 Pandoras made and shipped by then, but we should shortly thereafter.
The entire batch of 4000 cases could be spat out in a matter of days. The important thing is to make sure the molds are
exactly right before doing this run, otherwise they will be useless. The keypad mat is on it's way to Craig, and if everything works out, the mats and the cases will go into full production.
We may not send any Pandoras out the door in time for Christmas, but there is still a good chance that some will ship before the end of the year. It's looking
very good to have every first batch Pandora shipped before the end of January.
Sure, other problems might crop up that may delay things farther. It's certainly happened before. But
based on everything we know right now, that's how it looks.
That's all well and good for first batch order-ers, but what about second batch preorders? I've heard some buzz a few months ago about it being in late December, can we count on this? And when will the second batch Pandoras be expected to be delivered?