ZX Vega +

Discussion in 'Everything else' started by Fzero, Feb 16, 2016.

  1. levi

    levi Still fresh, damnit!

    Joined:
    Oct 6, 2008
    Messages:
    9,754
    Location:
    Somewhere off the coast of the EU
    That's why debt collection agencies have their uses, I think.
     
  2. ZXDunny

    ZXDunny Deep avatar

    Joined:
    Oct 12, 2010
    Messages:
    2,482
    Only if there's a physical somebody (with a known address) for them to go to - if the internet rumours are to be believed, this is not the first time that this has happened for some of the current RCL staff, and it's not beyond the realms of possibility that collection agencies have been used before. I really don't think IGG are going to be able to actually do much in this case, collection agency or no.
     
    levi likes this.
  3. Ian J

    Ian J Advanced Member

    Joined:
    Aug 27, 2010
    Messages:
    1,880
    Do we think the guilty parties will get what's coming to them?

    Or that any of the crowd-funding sites will change their T&C's to protect backers?
     
  4. ZXDunny

    ZXDunny Deep avatar

    Joined:
    Oct 12, 2010
    Messages:
    2,482
    No and No. Persons running a business that runs out of money very rarely suffer any consequences - the business folds, they move on to something else. As long as money wasn't misappropriated (and define "misappropriated" because even spending company money on lunches can be classed as expenses) illegally then they can just close up shop. Terribly sorry to all involved, lessons learned, etc etc. So that's unlikely.

    As for the crowd funders - again, no. If they make it hard for these businesses to operate, then they'll eat into their own profits. Ventures that fail are their meat and drink, making up a huge portion of their customers.
     
  5. vcoleiro1

    vcoleiro1 Hardcore Member

    Joined:
    Jan 23, 2011
    Messages:
    4,327
    Well if we are talking about the guys that tried to find a one S Martin, then that story ended up with them finding her

    IMO, if the Vega+ is not delivered - and lets be frank here, it most likely wont. Then I think the backers should do a class action against the directors Martin and Levy. Maybe a pro bono job, based on the leaked bank account statements that showed they drained the accounts. There are rules on how to conduct a business etc, I'm pretty sure a lawyer would be able to work out an angle
     
    darkborn likes this.
  6. levi

    levi Still fresh, damnit!

    Joined:
    Oct 6, 2008
    Messages:
    9,754
    Location:
    Somewhere off the coast of the EU
    I'd worry that the directors will just go bankrupt either before or just after the court claim comes in. It's why I'd advise trying to get a refund as soon as.
     
    daveshah likes this.
  7. WizardStan

    WizardStan Mega GP Mania

    Joined:
    May 24, 2008
    Messages:
    16,572
    Sometimes they're elected president of the USA.
     
  8. Ian J

    Ian J Advanced Member

    Joined:
    Aug 27, 2010
    Messages:
    1,880
    I still think backers will get a Vega+ but it will be much lower quality than the campaign promised.
     
  9. darkborn

    darkborn Member

    Joined:
    Mar 11, 2009
    Messages:
    442
    By "much lower quality", you mean "invisible"?

    Vega+ Shipping Dates
    • End of September 2016
    • October 2016
    • In time for Xmas 2016
    • February 2017
    • A "few weeks" from March 10th 2017
    • Summer 2017
    • 8 weeks from August 9th (October 4th, 2017)
    • Mid October 2017
    (current is April 2018)
     
  10. Ian J

    Ian J Advanced Member

    Joined:
    Aug 27, 2010
    Messages:
    1,880
    2 months™ to go then ;)
     
    darkborn likes this.
  11. vcoleiro1

    vcoleiro1 Hardcore Member

    Joined:
    Jan 23, 2011
    Messages:
    4,327
  12. pmprog

    pmprog Advanced Member

    Joined:
    Apr 25, 2011
    Messages:
    3,616
  13. Ian J

    Ian J Advanced Member

    Joined:
    Aug 27, 2010
    Messages:
    1,880
    Not bad for someone who claimed to not be working for RCL
     
  14. Wrath Of Khan

    Wrath Of Khan Soul soother...

    Joined:
    Dec 29, 2009
    Messages:
    5,136
    Location:
    Ireland
    In an ironic twist there might be enough material from this debacle to justify a book. Maybe someone could kickstart it;)
     
  15. vcoleiro1

    vcoleiro1 Hardcore Member

    Joined:
    Jan 23, 2011
    Messages:
    4,327
    RCL are stating that delivery of the Vega plus will begin May 8th. And with that, the ex directors of RCL (Paul Andrews / Chris Smith) plus Sinclair’s company have demanded a shareholder meeting to remove all of the current directors of RCL including: Martin, David Levy and Janko . Janko is also the ceo of planet computers behind the Gemini PDA

    Looks like it will happen as Andrews, Smith and Sinclair have 75 percent shareholding in RCL. There is nothing the current directors can do about it. This all coming with Indiegogo’s deadline looming , they gave RCL until the end of May to deliver before they appoint a debt collector to retrieve funds

    A right mess
     
  16. pmprog

    pmprog Advanced Member

    Joined:
    Apr 25, 2011
    Messages:
    3,616
    I still don't really understand that Andrews/Smith situation, where they'd resign as directors, but still retain shareholdings. If they had this much swing in the company anyway (in terms of who stays and who goes), why did they need to branch off to make the THEC64, and not just handle it whilst they were directors?
     
  17. levi

    levi Still fresh, damnit!

    Joined:
    Oct 6, 2008
    Messages:
    9,754
    Location:
    Somewhere off the coast of the EU
    I think by now the whole Vega product is toxic to a large extent. Janko's off making something as 'Planet Computers', and TheC64 seems to be purely an RCL product IIRC.

    I think they key here is them managing to convince Sir Clive to vote the directors out. He actually has the money and the controlling stake here. I'm slightly surprised to see Levy and Sinclair on opposing sides of this - I thought Levy had something to do with the old Psion Software releases on the ZX spectrum, but wiki doesn't back me up on that.
     
  18. Ian J

    Ian J Advanced Member

    Joined:
    Aug 27, 2010
    Messages:
    1,880
    So Sinclair, Andrews and Smith will have total control of RCL, what does that gain them though if the money is all gone?

    I see no point to this now.
     
  19. ZXDunny

    ZXDunny Deep avatar

    Joined:
    Oct 12, 2010
    Messages:
    2,482
    Levy and Sinclair go way back and are very good friends. That may have changed though, given the circumstances... I've heard tell that the root of the all the problems is more Suzanne Martin than Levy.

    But yeah, RCL needs fixing. I wonder if there will be a replacement of the current directors, or if they'll quietly wind the company up?
     
  20. levi

    levi Still fresh, damnit!

    Joined:
    Oct 6, 2008
    Messages:
    9,754
    Location:
    Somewhere off the coast of the EU
    It'd be hard to wind it up completely silently; lots of media inches have been written about this saga. They'd need to spill all the beans pretty much in a neat fashion to be able to get out of this with any grace I suggest.
     

Share This Page

Loading...