Author Topic: The Airing  (Read 73130 times)

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Offline Kean

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Re: The Airing
« Reply #225 on: November 19, 2017, 01:55:34 pm »
Zero chance
 

Offline Cyberdragon

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Re: The Airing
« Reply #226 on: November 20, 2017, 04:52:57 am »
I speak scamguage.

TRANSLATION:

Dear sucker,

We are not sorry that we cannot return your money because we are explioting every loophole to scam people. It's too late anyway as we've already taken the money and squandered it on boats and hoes while pretending to develop some quack medical device. You decided to dump money on us without thinking, so it's totally your fault. We are very pleased that we were so easily able to dupe you, you sorry sucker.
*BZZZZZZAAAAAP*
Voltamort strikes again!
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Offline Jay_Diddy_B

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Re: The Airing
« Reply #227 on: November 20, 2017, 10:05:16 am »
315 and the group,

This scampaign revolved around these perks (and similar perks):

Gold + 45 Airings

You will receive: • A voucher that can be exchanged for a 45 day supply of Airings (when they become available).* That’s a 30% discount off the anticipated price of $3 each. • Quarterly e-reports on engineering and regulatory progress *Subject to FDA clearance and doctor’s prescription in the US and local regulation abroad


These are the key statements are:

A voucher - You were promised nothing more, nothing less that a voucher. You may already have received your voucher.


when they become available
They may never become available. In which case the voucher received above, has no use.


Quarterly e-reports on engineering and regulatory progress 
You should get updates, they may be meaningless, but once a quarter, ever three months, you should get a report.


Subject to FDA clearance The Food and Drug Administration regulates medical devices in the USA. If the FDA does approve the airing it will not become available and you have a worthless voucher.


doctor’s prescription
You need a prescription, from your doctor to buy the medical device. If you don't get a prescription, then you have a worthless voucher.

local regulation abroad
If you are not in the USA, because this is a medical device, similar rules may apply in your location.


That’s a 30% discount off the anticipated price of $3 each
It is most unlikely that you could have a medical device selling retail for $3.00 (About 2 Euro).

Since you were only promised a voucher, and the voucher has already been delivered you have no chance of getting a refund.
In subscribing to the campaign, you were giving money to support an R&D project with little to no chance of success. (That is the polite version)

 

In my opinion, this campaign should never have been allowed.


Regards,

Jay_Diddy_B
 
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Offline Delta

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Re: The Airing
« Reply #228 on: November 20, 2017, 11:01:35 am »
A fool and his money are easily separated.

No one purchases anything from IGG, they merely dontate money to a scheme.
 

Offline edy

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Re: The Airing
« Reply #229 on: December 21, 2017, 01:51:57 pm »
This campaign update #54 came in last week but I forgot to post it. Here it is:

Quote
New Campaign Update!
The Airing: the first hoseless, maskless, micro-CPAP team just posted.

posted by Airing Inc.

Dec 13, 2017 • 12:57PM PST

Thank you!!
Dear Airing Supporters,

We are writing to let you know that we have decided to suspend our Indiegogo campaign at this time. Since many people have asked about the possibility of making an equity investment in Airing we decided to explore this option. After much consideration and discussion, we decided to offer equity through Wefunder.com, which is the most successful, and most experienced, of these platforms.  Since launching our successful equity crowdfunding campaign on Wefunder several weeks ago, we have learned that it is confusing and problematic to have two crowdfunding campaigns happening at the same time. Therefore we are suspending our Indiegogo campaign for now.

We would like to express our deep appreciation to you for being on this incredible journey with us. When we launched our Indiegogo campaign we were hopeful that we would raise enough money to develop the proof of concept prototype of the Airing micro-CPAP device.  And because of the support of over 21,000 backers we have made great progress towards that goal. We could not have come this far without you.

Right now we are focused on getting the other valve in the micro-blower to work properly. We are getting closer to overcoming this challenge with each iteration and are confident that we will get it working properly soon.

We know that you still may have many questions and we are happy to answer them. You can email us contact@fundairing.com anytime and we will get back to as quickly as possible.

Sincerely,

Stephen Marsh


Ok, so they closed the IndieGogo campaign... meaning no more "in demand" ... after raising $1,946,686 USD total funds on that site (https://www.indiegogo.com/projects/airing-the-first-hoseless-maskless-micro-cpap-sleep-technology). Currently the WeFunder site stands at $536,834 funds raised (https://wefunder.com/airing). What does this mean exactly? Did their lawyers tell them that they can't do that? Did IndieGogo get upset? Dud WeFunder tell them to cut it out, or were they worried they were "diluting" their chances of meeting some target on WeFunder by still having IndieGogo going? Or did their investors make a complaint? Who knows... Still no word on what stage their device is at, no demonstration, they are WAY behind schedule in any case.... By now they originally promised a working prototype and early 2018 to be going through FDA testing.  :-DD
« Last Edit: December 21, 2017, 01:55:42 pm by edy »
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Offline snoopy

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Re: The Airing
« Reply #230 on: December 27, 2017, 11:00:29 am »
This was never going to work and is a classic case of PT.Barnums "sucker born every minute" !

This is a case of where you pays your money and never ever get what you pays for. Some prick has probably bought a house out of this. It has happened before too.


 

Offline edy

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Re: The Airing
« Reply #231 on: March 06, 2018, 05:31:56 pm »
It is worth noting that Airing is still under the Encite LLC parent company, or so it says on their WeFunder page. Just a little history of Stephen Marsh and his company, read this:

http://mandalitigationcommentary.blogspot.ca/2008/09/can-founder-director-and-30-stockholder.html

In the above linked article, it basically mentions how Marsh was 30% owner of IFCT, and the company had a group of investors in it named Echelon Ventures. IFCT burned through cash and developed absolutely nothing, so in a cunning and strategic move, Marsh declared bankrupcy for IFCT and before Echelon could make a move to cash out or purchase assets, Marsh formed a new company Encite LLC to purchase what was left of IFCT for pennies on the dollar... Thereby reacquiring everything under a new company name and shielding himself from Echelon's claims. In any case, the lawsuit above was unable to establish Marsh and IFCT were the same and that he acted with full control over the entire process, but that the board was also involved in rejecting Echelon's bid, so Marsh and Encite LLC got away unpunished.... only to repeat the process now again with Airing.

On their WeFunder page it says:

KEY FACTS

We've established a very strong brand – 8 million visitors to fundairing.com; 136,000 followers on Facebook; over 55 million views of unsolicited web videos about Airing.

Over $4M has been raised to date – $1.9 million on Indiegogo from over 20,000 contributors since June 2015, making Airing one of the top grossing medical device campaigns across all crowdfunding platforms, and $2.15 million raised from investors.

Functioning prototypes of various components, some of which are moving at operational speed, have already been built. A key component has yet to be demonstrated – micro-blowers blowing air.

Multiple patent applications filed by Airing’s parent, Encite LLC, for technologies licensed to Airing for use in the device, with more being filed.
Strategic relationship with a major international manufacturer that provides key equipment for testing and demonstrating feasibility of the technologies used in the device.


So Encite LLC is actually parent company of Airing. And other than just filling a bunch of patents, they have yet to turn a profit from any product. They are a kind of patent trolling firm in that they make patent after patent and never seem to turn it into a practical application, but may eventually be able to sue others if they come close to infringement and perhaps cash in then on it.

Interesting also to note the following:

http://www.burlington.org/Legal_Notice1NorthAve.pdf

And I quote....

Quote
NOTICE OF PUBLIC HEARING
PLANNING BOARD
TOWN OF BURLINGTON
The Planning Board hereby gives notice that it will hold a Public Hearing on Thursday, July 16, 2015 starting at or
after 7:00 p.m. in the Main Hearing Room of the Burlington Town Hall, 29 Center Street, Burlington, MA, to
consider the application of Encite LLC for approval of a Special Permit pursuant to Section 1.5.2 “Laboratories
engaged in research, experimental, and testing activities” of the Northwest Park PDD to allow a research and
development laboratory to relocate from Second Avenue and operate on property located at 1 North Avenue
in the Planned Development (PD) and Water Resource (WR) Districts, Burlington, MA, as shown on Assessor's
Map 39 as Parcel 8.
Documentation in support of this proposal is available for public inspection in the Planning Board office, Town Hall
Annex, Burlington, MA, during normal office hours, Monday through Friday and on the Planning Board’s website at
www.burlington.org/community_development/projects.php.
BURLINGTON PLANNING BOARD
Barbara L’Heureux, Chairman

So this is probably the lab where they are working on the Airing.

There is also an article here:

http://burlington.wickedlocal.com/article/20150724/news/150727677

Quote
Two small technology companies gained approval for special permits from the Planning Board July 16.

One is a relocation within Northwest Park and the other, based in Woburn, is branching out to Burlington to locate a biotechnology lab.

“We have some very interesting big companies in Burlington, Microsoft, Nuance, and so forth, but we also have some very interesting small companies,” Planning Board member Paul Raymond said.

Encite, LLC, is planning to move from its current offices at 41 Second Ave. to 1 North Ave. Although the special permit for “laboratories engaged in research, experimental and testing activities,” was previously approved, the upcoming move to a new location necessitates the use to be approved again.

Steve Logan, senior vice president of Nordblom Company, which owns Northwest Park, represented Encite at the meeting. Logan explained that Encite is a small company with fewer than 10 employees that started out doing research on fuel cells. It had a government contract to produce miniaturized fuel cells, and during that time discovered a method for making tiny fans that, when linked together in a series, form a contraption that attaches to the nose for sleep apnea patients.

Though still at the experimental stage, the discovery could potentially replace the large masks that patients typically to control their breathing during sleep, a machine commonly known as a continuous positive airway pressure device (CPAP).

The new product is called “Airing” and through an online funding campaign, close to $1 million has been raised for this device to continue through the design process, including FDA approval. Encite, LLC is owned by Stephen Marsh. According to the U.S. Patent and Trademark Office, Marsh holds several patents for technology devices.

The other company, Abpro Corporation, is located in Woburn and plans to open a satellite location at 15 A St. in Burlington. The company employs a total of 25 employees.

Ian Chan, CEO and president at Abpro, who represented the company at the public hearing with research scientist Sean Murphy, explained the company is focused on antibody research using natural molecules that fight disease.


“We have a novel platform that can create antibodies much faster,” said Chan. “This can be applied to oncology, which is our current focus.”

Abpro was approved for a special permit to engage in biotechnology activities, bio-safety levels 1 and 2, and the generation or storage of hazardous waste limited to the volumes classified as a very small quantity generator (VSQG) as defined by Burlington zoning bylaws, which require a positive recommendation from the Board of Health.

Planning Board member Carol Perna asked what defines a “small quantity” of hazardous waste. Chan said that based on his meeting with Board of Health staff, his understanding is it is defined as up to 27 gallons per month, but that Abpro would produce up to four liters (about one gallon) per year.

Any updates from Airing lately? NOPE.

Here's the latest update on IndieGoGo from 3 months ago:


Quote
posted by Airing Inc.
Dec 14, 2017 • 1:09PM
3 months ago
We are not going anywhere!!
Dear Airing Contributors,
We want to offer some clarity concerning our last update. At this time we have stopped taking contributions on Indiegogo. To be clear, nothing has changed regarding your vouchers and we are still moving ahead, full steam, to develop Airing’s micro-CPAP device to get this important product out to everyone as soon as possible.
For the time being, we have shifted our focus to selling equity to raise the capital needed to see this mission through to a successful completion. It is important that you, our loyal supporters, understand that we will continue to fulfill our obligations to you under our Indiegogo crowdfunding campaign.
 
We want to reiterate these important points:
 

While we have stopped taking new contributions on Indiegogo,  that does not affect the existing contributors.
Vouchers are still valid and can be redeemed when Airing becomes available.
We will continue to provide regular updates on Indiegogo, our website, and social media. And you can email us anytime.
We have received hundreds of emails, so please be patient and we will try to reply to everyone.
If you still haven't received your voucher, email us at contact@fundairing.com.
We are working as hard as we can to bring Airing to the market as soon as possible.
 

Keep faith in Airing and the mission we are on.
 
Sincerely,
 
Stephen Marsh

Yes.... They said it....

WE ARE NOT GOING ANYWHERE!!!!

That's right, not going anywhere with the progress in development of this vapourware. Now that they've bilked the crowdfunders, they can go after venture capitalists too... just like they did with Echelon a few years earlier. Here's a prediction... When they run out of money and things start to grind to a halt, Marsh will make a new company and buy up all the assets of Encite LLC after it declares bankrupcy for pennies on the dollar, and continue on as a new corporate entity, shielded from any legal recourse. History repeating itself?
« Last Edit: March 06, 2018, 05:34:42 pm by edy »
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Offline edy

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Re: The Airing
« Reply #232 on: March 06, 2018, 05:48:38 pm »
One more interesting article... Fascinating read:

https://www.leagle.com/decision/indeco20111129126

This article, while still discussing the legal case, is the most easily understandable to non-lawyers that I have seen.
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Offline helius

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Re: The Airing
« Reply #233 on: March 07, 2018, 07:25:20 am »
Declaring bankruptcy does not give you a license to be "shielded from any legal recourse". When you enter bankruptcy, your assets come under control of the court and the court must sign off on any sale or transfer, with the goal of maximizing the cash to repay creditors. After creditors are paid, any remaining cash is distributed to shareholders: this means that common shareholders usually do not recover any money in bankruptcy, but that is by design. Since a startup's founders are typically the largest shareholders, bankruptcy is as great a loss for them as for anyone else.
When venture capitalists invest in a company, they usually impose onerous conditions (in what is known as a Term Sheet) including preferred stock classes, liquidation preferences, and what is known as a "ratchet". These provisions protect the VC capital in case the business falters and is either sold at a discount or liquidated. It sounds like the investor group in this case was not very professional and did not know how to protect their capital, and really do not qualify as venture capitalists.
 

Offline Cyberdragon

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Re: The Airing
« Reply #234 on: March 07, 2018, 09:51:40 am »
Declaring bankruptcy does not give you a license to be "shielded from any legal recourse". When you enter bankruptcy, your assets come under control of the court and the court must sign off on any sale or transfer, with the goal of maximizing the cash to repay creditors. After creditors are paid, any remaining cash is distributed to shareholders: this means that common shareholders usually do not recover any money in bankruptcy, but that is by design. Since a startup's founders are typically the largest shareholders, bankruptcy is as great a loss for them as for anyone else.
When venture capitalists invest in a company, they usually impose onerous conditions (in what is known as a Term Sheet) including preferred stock classes, liquidation preferences, and what is known as a "ratchet". These provisions protect the VC capital in case the business falters and is either sold at a discount or liquidated. It sounds like the investor group in this case was not very professional and did not know how to protect their capital, and really do not qualify as venture capitalists.

So...they deserved it then. Stupid suckers separated from their money once again. >:D
*BZZZZZZAAAAAP*
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Offline edy

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Re: The Airing
« Reply #235 on: September 13, 2018, 01:43:48 pm »
Latest technical update sounds like a bunch of smoke and mirrors to keep backers continuing to wait with baited breath...

http://www.fundairing.com/journal/2018/7/11/technical-update-7112018

How long will this go on? They will keep paying themselves a salary and keep busy in a lab screwing around until all the money dries up... And they have a lot of money to burn.
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Offline dunkemhigh

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Re: The Airing
« Reply #236 on: September 14, 2018, 04:22:23 pm »
Even if this was physically possible to make, they won't be able to make a reliable one. In an idle moment I checked their blog and found this:

http://www.fundairing.com/journal/2017/10/26/technical-update

Quote
Engineering is an iterative process and with each iteration you get closer to the goal.

That's strange. I thought engineering was about doing the number and working out the limits firts. No wonder they think they can make an impossible product. Their approach leads to:

Quote
The problem, simply stated, is that it was “sticking”. In order to fix that, we had to thin it out, and lo and behold, now it doesn’t stick! That’s the good news. Now the issue is it’s too thin to be airtight so we need to find the precise thickness that will allow the valve to move freely while remaining airtight when in the closed position. We’ll get it!

If (and that's a big if) they get one to work it will be just that one. They'll need to fart around with every one individually since they'll have no idea why that one works and the others don't. If anything said they haven't a clue on how to make this, I think this paragraph shouts it out.
 

Offline rs20

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Re: The Airing
« Reply #237 on: September 14, 2018, 05:15:06 pm »
I also like this bit:

Quote
Since we outlined the challenge we are facing, I think it’s important to take stock of what we have accomplished:
  • Low cost integrated micro pressure sensor: prototyped and working
  • Nose buds that stay in place under high pressure: prototyped and working
  • Ergonomic outer plastic housing: prototyped and working
  • Micro-blower pump bodies: prototyped and working
  • Micro-blower valves operating thousands of times per second: prototyped and under test

Great, so all the bits that real engineers said was easy and possible from the start: "working". The one part that engineers said was never going to be possible to power from a sensible battery: "under test". Of course, power consumption hasn't been mentioned yet.

But of course, it looks so promising to a gullible person.
 

Offline dunkemhigh

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Re: The Airing
« Reply #238 on: September 14, 2018, 05:25:46 pm »
Just a brief thought brought on by wondering why they need separate inlet and exhaust... I wonder if it's possible to harvest energy from the outflow, much like regenerative braking is used for battery charging in electric cars. AFAIK, full lungs would provide some pressure, and breathing out against resistance is a lot less panic inducing than breathing in against same.
 

Offline edy

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Online djos

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Re: The Airing
« Reply #240 on: November 30, 2018, 04:16:29 pm »
I still think that they are much more likely to succeed than say uBean ... to me at least I think they are showing signs of legitimately working towards their stated goal .... even if they dont pull it off they at least seem to be quite serious in their development of the micro-blowers.


Time will tell I guess....  :popcorn:
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Online Richard Crowley

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Re: The Airing
« Reply #241 on: November 30, 2018, 04:25:52 pm »
I still think that they are much more likely to succeed than say uBean ... to me at least I think they are showing signs of legitimately working towards their stated goal .... even if they dont pull it off they at least seem to be quite serious in their development of the micro-blowers.
No.  The chances of either of them delivering their flagship product asymptotically approach zero.

Even if the Airing people DO get their "micro-blowers" to work (which seems extremely doubtful to me, at least for the original purpose of CPAP which requires operation against considerable back-pressure),  have they ever even mentioned the question of power?  There is no known power technology (including Ubeam   >:D) that is even remotely capable of powering their fantasy gadget.
 

Online djos

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Re: The Airing
« Reply #242 on: November 30, 2018, 04:39:52 pm »
I still think that they are much more likely to succeed than say uBean ... to me at least I think they are showing signs of legitimately working towards their stated goal .... even if they dont pull it off they at least seem to be quite serious in their development of the micro-blowers.
No.  The chances of either of them delivering their flagship product asymptotically approach zero.

Even if the Airing people DO get their "micro-blowers" to work (which seems extremely doubtful to me, at least for the original purpose of CPAP which requires operation against considerable back-pressure),  have they ever even mentioned the question of power?  There is no known power technology (including Ubeam   >:D) that is even remotely capable of powering their fantasy gadget.

I agree with you, I was only refferring to creating funtional micro-blowers - the problems of power supply and air pressure are highly unlikely to be solved in their published formfactor.
The impossible often has a kind of integrity which the merely improbable lacks.

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Offline dunkemhigh

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Re: The Airing
« Reply #243 on: November 30, 2018, 04:45:27 pm »
Quote
asymptotically approach zero

Are you sure you meant to use that word?

Quote
noun a straight line that continually approaches a given curve but does not meet it at any finite distance.

asymptotic /ˌasɪm(p)ˈtɒtɪk/  adjective,

asymptotically /asɪm(p)ˈtɒtɪk(ə)li/ adverb

So what you're saying is that the product approaches but doesn't get to zero. I rather think you meant the opposite - it will definitely hit zero :)
 

Online Richard Crowley

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Re: The Airing
« Reply #244 on: November 30, 2018, 05:08:37 pm »
No,  I think they (both Airing and Ubeam) will drag it out until the organizations simply collapse under their own ignorance without ever admitting defeat. They will blame US for our "defeatist attitude".
 

Offline dunkemhigh

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Re: The Airing
« Reply #245 on: November 30, 2018, 05:12:47 pm »
Mmmm. OK :)
 

Offline Cyberdragon

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Re: The Airing
« Reply #246 on: December 01, 2018, 01:45:10 pm »
I still think that they are much more likely to succeed than say uBean ... to me at least I think they are showing signs of legitimately working towards their stated goal .... even if they dont pull it off they at least seem to be quite serious in their development of the micro-blowers.
No.  The chances of either of them delivering their flagship product asymptotically approach zero.

Even if the Airing people DO get their "micro-blowers" to work (which seems extremely doubtful to me, at least for the original purpose of CPAP which requires operation against considerable back-pressure),  have they ever even mentioned the question of power?  There is no known power technology (including Ubeam   >:D) that is even remotely capable of powering their fantasy gadget.

I agree with you, I was only refferring to creating funtional micro-blowers - the problems of power supply and air pressure are highly unlikely to be solved in their published formfactor.

But you too can wear a miniaturized nuclear reactor on your face once they develop it! >:D
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Offline edy

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Re: The Airing
« Reply #247 on: January 04, 2019, 06:49:50 am »
Interesting site that lists crowd-funding and SEC filings of companies, may I present to you data on Airing:

https://crowdfilings.com/airing-inc-0001661081

I have copied some of the text below:

Quote
Airing Inc.
Airing Inc. logo via Clearbit
Profile
According to their SEC filings, Airing Inc. is a Corporation organized in DE on 12-17-2015. They report having 0 employee(s), and revenue in their most-recent fiscal year of $0.00 and $0.00 the prior year.

Location
1 North Avenue

Burlington, MA 01803

Equity Crowdfunding Campaigns
Reg CF Offering from Airing Inc. (Previous)
Campaign Details
According to their SEC filings, Airing Inc. previously ran a Regulation Crowdfunding campaign to raise $350,000.00 (up to a maximum of $1,000,000.00) in Preferred Stock via Wefunder before a deadline of 11-02-2018.

As compensation for managing the offering, Wefunder reported being compensated as follows:

4.0% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.

In addition to any direct compensation, Airing Inc. reported that Wefunder would also receive the following financial interest in the offering:

Securities equal to 2.0% of the securities sold will be issued to the intermediary upon a successful fundraise.

More information about this issuer may also be available via Crowditz.com, including information about weekly and aggregate investor commitments.

Financial Information
The following information is taken directly from SEC filings.

Income Statement Items
Most Recent Fiscal Year   Prior Fiscal Year
Revenue   $0.00   $0.00
Cost of Goods Sold   $0.00   $0.00
Taxes Paid   $224.00   $-2,000.00
Net Income   $-1,589,852.00   $-58,685.00
Balance Sheet Items
Most Recent Fiscal Year   Prior Fiscal Year
Total Assets   $0.00   $0.00
Cash and Cash Equivalents   $615,855.00   $654,063.00
Accounts Receivable   $0.00   $0.00
Short-term Debt   $1,547,004.00   $1,095,745.00
Long-term Debt   $443,875.00   $101,081.00
Complete Reg CF filings list for Airing Inc.
[2017-10-31T12:54:41+00:00] Airing Inc. filed an amended Form C (Form C/A) regarding their offering to raise a target of $350,000.00 via Wefunder. The nature of the amendment was described as follows:

Form C was cut off in the initial filing, it has been replaced with the full version.

File number: 020-23714

New Filing Form C

[2017-10-31T12:29:10+00:00] Airing Inc. filed a Form C to raise a target amount of $350,000.00 (up to a maximum of $1,000,000.00) of Preferred Stock via Wefunder.

File number: 020-23714

Notice that while their revenues are obviously $0, their cash holdings, and the short-term and long-term debts are HUGE! Here is the page on the SEC filings which I guess are required once they start doing any sort of legal equity crowd-funding and as a condition of WeFunder to make sure. Also, I can't find it on WeFunder at all, so did they get rejected?

https://www.sec.gov/Archives/edgar/data/1661081/000167025417000301/documents_list.htm

https://www.sec.gov/Archives/edgar/data/1661081/000167025417000301/0001670254-17-000301-index.htm

Here is the WeFunder page saying they raised $2 million+ dollars from 0+ investors. ?????

https://wefunder.com/airing

NOTICE ALSO ON THE WEFUNDER PAGE.... STEPHEN MARSH IS GONE!!!!! He is not listed ANYWHERE!

Also have a look here, it shows some interesting stuff about amount sold, amount left to be sold (could this be a transfer of the company to other people, and asking for 506(c) exemption status):

https://www.sec.gov/Archives/edgar/data/1661081/000166108118000001/xslFormDX01/primary_doc.xml

They also propose payment of $435,000 USD to the principals/executives in part 3 of the form...

Here is rule 506(c):

https://www.sec.gov/fast-answers/answers-rule506htm.html

And then this page gives conflicting information about the state of the WeFunder campaign:

https://www.crowditz.com/2017/11/airing-on-wefunder/

I'll leave it to someone else in the forum reading this post to try and explain what is going on, as it is above my understanding of the equity crowd-funding investor rules and regulations. Bottom line is that things are now in the open and a bit more transparent with SEC involved, although it doesn't seem any closer to developing what they promised to do originally (a CPAP device). What they do appear to be doing, which is Marsh's mode of operandi, is run a research lab and see what comes out of it and patent the results to try and sell to other companies or pull some other corporate shenanigans (as his history has shown with his previous money-losing ventures... see first few pages of this thread... money-losing for investors, while he pocketed the money).

Hey at least it is fairly obvious what is going on, although the entire premise of collecting money was misleading in the original IndieGogo campaign, it seemed all along like it was all a moon-shot and that people where not buying product at all, but buying VOUCHERS *in case it every gets sold*. People couldn't look past their eagerness to read the fine print and dig a bit deeper to doubt it.... as opposed to our other much BIGGER example with our friend Theranos and Elizabeth Holmes who will probably end up behind bars and pay a huge fine.... time will tell:

https://www.nytimes.com/2018/06/15/health/theranos-elizabeth-holmes-fraud.html
« Last Edit: January 04, 2019, 06:57:39 am by edy »
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