Thread: Who is still interested in Neo900?
View Single Post
Marshall Banana's Avatar
Marshall Banana is offline Marshall Banana
2018-08-01 , 14:18
Posts: 94 | Thanked: 209 times | Joined on Oct 2009 @ Germany
#48
Originally Posted by pichlo View Post
I agree. Strict accounting control is the last thing the Neo900 team wants. They would have to actually show where the money has gone
EU regulations regarding funding can literally kill small businesses. You need professional accounting people to deal with it.
But that Neo900 funds management is suboptimal was obvious for a long time, remember that interest construct at the start of the funding period?

Originally Posted by pichlo View Post
But that is the whole point! Are you happy to write the blank cheque and wait, considering that you have no idea how much longer it will take and how much more it will cost?
Yes, i was happy to write a blank cheque. That's what crowd funding is about imho. You take a risk and maybe get something that's worth your investment or you turn your money into smoke. I saw it as the best way of supporting this project at the time.
 

The Following 3 Users Say Thank You to Marshall Banana For This Useful Post: