Author Topic: The Airing  (Read 82111 times)

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Offline edy

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Re: The Airing
« Reply #250 on: November 04, 2019, 10:21:44 pm »
We are now entering November 2019... nothing new from Airing for over 1 year. Last technical update was end of October 2018. See this page:

https://www.indiegogo.com/projects/airing-the-first-hoseless-maskless-micro-cpap#/updates/all

Lists the following funding:

$2,560,582 CAD by 21,038 backers
$1,178,349 CAD by 9,047 backers on Jul 16, 2015

I'm not sure how they get the first and second numbers. Was this some kind of intial fund-raising and then money they got after as well? So they took the money and started to work on their laboratory research stuff and now will continue until all the funding runs out, milking more investors, private equity firms and everyone else they can until somebody pulls the trigger and ends this sorry excuse of a project.

At least private investors have recourse... they can sue them or fight in court to pull out what is left of their investments, depending on the type of shares and how much control they have. I suppose the crowd-funders are just extra cash in the bank that can be used at will. Can we declare Airing dead already?
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Offline Kean

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Re: The Airing
« Reply #251 on: November 05, 2019, 01:20:32 pm »
I believe the higher number includes the "In demand" phase funds after the initial campaign ends.
 


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