Quote Originally Posted by nvs View Post
At the time of the Peachy Kickstarter, the Kickstarter Terms of
Service (Anybody have a copy of those?) obligated users to
refund backers in case of failure. And KS has got nothing to do
with Peachy Inc., Peachy was only incorporated after the KS
campaign was over. So that possibly leaves a contractual
obligation for Rylan *and* David to refund KS backers.
Who could then, if they so wish, fund Peachy (Inc.) again.
Does somebody have any lawyer friends that could chime in as to
David's legal responsibility towards KS backers? (He's listed as
Co-founder and Investor on the Peachy KS page.)
The problem with that is you can't get blood from a turnip. The money is gone. Theoretically you might be able to sell off the house (or maybe other assets David has), but that's going to be pursuant to Canadian law and is going to take time, probably years. I think our best bet is what we are doing in the DIY it thread: he opened source the whole mess and we know the design works, so let's just make some of these printers ourselves.