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Submission + - Zano update (

iplayfast writes: GS/GS/TL/T210

24th November 2015


Dear Sirs

Torquing Robotics Limited — In Liquidation

Company Number 7782038

I would inform that monies from pledges paid by Kickstarter “backers” received by the company are not debts owed by the company nor are they equity investments. Kickstarter states on its website that Kickstarter funding cannot be used to offer equity, financial returns or to solicit loans.It is also stated by Kickstarter that projects cannot offer financial incentives like equity or repayment.As such, Kickstarter “backers” have no status as creditors in the liquidation of Torquing Robotics Limited for the non-receipt of rewards in the failed project.Hence, no notice of any creditors’ meeting is applicable.

No proof of debt forms and/or proxies from Kickstarter “backers” will be admitted for voting purposes at the creditors’ meeting on 4th December 2015.

Without remotely being inconsiderate any Kickstarter “backers” that attempt to gain access at the creditors’ meeting on 4th December 2015 will be refused entry.I sincerely hope that this release will ensure that Kickstarter “backers” do not waste their time and money by travelling here on 4th December 2015.

I trust that this clarifies the position but from those who have contacted my firm to date I believe that all Kickstarter “backers” are already aware.

Yours faithfully

for and on behalf of




Comment Re:I have run 6 Kickstarters so far... (Score 1) 211

The problem isn't that they failed. The problem is that they lied about their product. They said they had a working prototype. They showed a video of it working. They had none of it.

I've backed some projects that failed, and didn't mind, I knew from the outset that it was an iffy project but I liked the concept and wanted to see it developed. The project was supposed to be a slamdunk, deliverable in 6 months.

Comment Re:Yup, I "invested" (Score 1) 211

Come on. They had a video of a working prototype. I had no idea it was faked. I'm not going to look to closely at detail specs (100K rpm) if they have a video of the thing actually working. Then during the campaign, they showed videos of them playing air volleyball with them. Looked like they were making progress on some of their more extravagant claims.

You can't say buyer should have known better, when the evidence is all a lie. It's just fraud pure and simple.

Comment Yup, I "invested" (Score 5, Informative) 211

They showed a completed project. They said it appeared in numerous places. It looked like all they needed to do was get money to start production.
Their Risks and challenges paragraph. 100% confident. They know it works. How are you supposed to do due diligence on a product when they outright lie.
I've complained to kickstarter, letting them know they are being tarred with the same brush, because dammit, kickstarter recommended them!

Risks and challenges

Through innovation and diligent research and development, We are 100% confident in delivering an Autonomous and Intelligent aerial photography and video platform. We know our technology works.

We have enlisted a world-class British EMS (Electronic Manufacturing Service), with over 20 years of experience in bringing cutting edge high-end technology products to market, to manufacture ZANO for our Kickstarter backers.

We have taken into account that component lead times potentially could cause delay in delivering ZANO to our backers on time. We have conservatively estimated a June delivery, however, Our component suppliers often need to order the raw materials to manufacture their components 12 months in advance, as a brand new product, it is difficult for us to estimate initial volumes and provide an accurate forecast to our suppliers. We want everyone to be able to experience ZANO experience, that's why we have not put a cap on the amount of ZANO's we are making available for the Kickstarter campaign. We have built fantastic relationships with our component suppliers who believe in ZANO and our vision to make aerial photography and video accessible to everyone. Our component suppliers have set aside large volume buffer stock to cope with the initial demand from Kickstarer! However, there is always a risk involved with large volume component supply, we thought we had better mention it! The risk isn’t if you will get it, it is simply when you will get it, if any supply issues arise! (We are working hard to ensure they do not!)

Submission + - What would happen if minimum wage were raised to 30K a year. 1

iplayfast writes: As a thought experiment, I think that there would initially be a lot of good and bad come from it, then a lot of good. A lot of companies would go under. Minimum wage earners would be able to afford to spend more. More products would be made, more demand for workers. Also people who traditionally earned for example, double minimum wage would demand that their wages where increased. People who earned more then them would demand their wages increased and so on up the ladder. I call this the trickle up effect. (Trickle down doesn't seem to work, perhaps this would). What are your thoughts?

Comment Science Fiction Vs Science Fantasy (Score 1) 242

To me the great thing about this movie is that there is no magical unicorns. (Or as little as possible). Everything is based on current or near term science. I have almost given up on science fiction when Robert Silverburg claimed that fantasy has dragons, SF has robots. Very depressing.
Real SF authors I like are
Jules Verne
Robert Sawyer
Neal Stephenson

Any other suggestions?

Comment Re:Idiocy. (Score 1) 394

Wordperfect was (and still is) more functional the wysisyg word processors. This is because Word Perfect was not limited to a gui interface to do the job. In the same way that a command line interface is more functional then a gui. Sure a gui is easier to learn but it isn't as functional. (try running sed from a gui)

Turns out that 90% of the people don't need all the functionality and the lowest common denominator dominates. That and marketing.

Comment This is a big problem (Score 1) 269

My company does emails quite often and the emails affect the bottom line of the companies they are going to. Most of the companies that they are going to are small and old, and a large portion use their isp's email. Versison has decided to mark our emails as spam. They claim they aren't etc etc.

Isn't interfering with someones mail a federal offence?

The clothes have no emperor. -- C.A.R. Hoare, commenting on ADA.