Hi Cliff,
I understand your points and I know of the problems with RF and others. Yes, we can build a roller or turnkey minus and take payment on delivery, but we won't. We have investors an a huge line of credit not to mention this is not our first offering. Even Shelby American gets 1/3 (about $40,000) for a Cobra before production and they have plenty of back-up money. There are cars under construction in Quebec and I am getting details and photos from D&D. You cannot assume the worst before things get rolling. I am not asking anyone for a single dollar until they have seen everything they need and thay are well informed. Again, as far as the deposit is concerned, I will be setting it at around 1/3 the total.
--Mike / Turn Ten Racing, Inc.
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Originally Posted by CliffBeer Hi Mike,
1. In short then, the expertise internally at your organization has come by way of the acquisition. Perhaps you can give some background on the experience of those coming by way of the acquisition?
2. On the contrary, advance deposit is not required by all. How do I know? Because I just acquired a second GT40 and no deposit was required.
3. Still unclear, what exactly has your company done to produce a car to date, in contrast to talking about what you will do in the future.
4. Yes, I have looked at the photos.
5. If you're informed as to the GT40 marketplace you'll be very familiar with some recent dramas associated with new players entering the market, talking extensively about what they will do, accepting people's money as advance "deposits" and then delivering exactly squat. It's called "fraud in the inducement" in legal terms.
Hope all goes well for you and your new venture. |