CTC Formaker 4-in-1 Kickstarter Cancellation

A few weeks ago, we reported on the launch of Zhuhai CTC Electronic Co.'s Formaker 4-in-1 launch on Kickstarter, an impressive-looking machine that integrated a CNC mill, laser PCB, engraver, and dual-head 3D printer. It raised more than $42K on Kickstarter before suddenly being cancelled. Eventually, details emerged on the cancellation, and CTC relaunched a Formaker campaign on Kickstarter. That, too, was cancelled. It seems the company encountered issues with US employee Christopher M. Donovan, who had been overseeing the Chinese company's campaign, as Kickstarter does not currently permit campaigns to be listed from China--CTC alleges that Donovan has defrauded them with unauthorized control of the account on Kickstarter, linking the campaign to his personal bank account. CTC has now made the Formaker available for pre-sale on their site through October, with deliveries expected to commence in November. Read about their issues here: http://3dprint.com/91355/ctc-formaker-cancelled/
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CTC Electronic temporarily brought the excitement over the Formaker 4-in-1 3D printer to a screeching halt when they pulled it from Kickstarter a month early and also announced that it would not be ready for release at CES Las Vegas in January. Instead, they are still working on issues with materials development and software and have re-launched it on Kickstarter. The Formaker will be released in fall of September 2016, but a ‘test device’ will be on display at CES Las Vegas. Read more at 3DPrint.com: http://3dprint.com/100305/ctc-formaker-release-delayed/