Search results

  1. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    Yes, and if you get injured on the Walmart bike you have two major companies you can sue, Walmart and the Manufacturer, each with deep pockets and adequate product liability insurance. --In this regards the Sondors product is incomplete even if it is delivered. Ask for your money back if you...
  2. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    I think they would best be served by 1) paying for Court to go to China to verify the progress insofar 2) expediting a bike from China to Court for review.
  3. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    Were I Sondors I would air express the first bike built to Court and EBR.
  4. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    Court just reviewed a "no risk" "legitimate" fat bike from a reputable company; From what I know Pedego imports bikes and subjects them to a rigorous quality control effort, more than that they definitely have product liability insurance, and they also have an extensive dealer network that...
  5. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    More questions than answers; or all questions unanswered, or no questions answered.
  6. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    I don't know if Storm showed up for court today, it could be that ebike buyers are in the eye of the Storm, or perhaps Storm is just backpedaling.
  7. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    Yep, the Trek recall is key as to why the Storm bike is an incomplete product.
  8. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    Well you don't have to worry about going 20-25 mph on that bike, if you actually get a bike delivered. You might see 20-mph for a bit as the battery under-volts "C" (draws down faster than it can recover), but that is about it. I would be more concerned that you would experience random...
  9. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    If we do not receive our bikes; that is an interesting question; Will we receive our bikes? The answer is definitively NO based on another question; What constitutes a "legitimate consumer product"? The answer to that question is; When there is a diligent company with assets and depth to...
  10. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    NYT article speaks to the "emotional drama" of a "failed" and/or "failing" Crowdfunding campaign, and it also speaks to how folks are overly invested (via the kickstarter message board) in the whole process. (see Eulittlb on Indiegogo) The article goes on to say that Kickstarter used to...
  11. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    The contract is poorly written; 1) Under payment terms, a better contract would have consideration due at signing 2) There are lots of things wrong with the contract The only issues at hand will be; 1) Was there a contract? 2) Venue Also; Who has "clean hands" 1) The guy who bounces checks...
  12. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    George, "Good Faith" - In California, and most everywhere else, there is an implied promise of good faith and fair dealing. Agency 2.0 has a right to get paid. There is clearly a contract here. offer acceptance consideration mutual intention We have one party which delivered (and has...
  13. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    Here is an updated FTC complaint for you to file with the FTC and CA AG's office. The "Storm-Sondors crowdfunding" campaign has been centered around the sale of an electronic bicycle being sold to consumers for $499 ( $599 and then $649) This campaign has raised near $5,700,000 in several weeks...
  14. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    Plus the monies due to storm at paypal, a nice target for the outstanding judgement of $40,000 plus interest (most likely 9% per year)
  15. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    Jon Hopp vs Storm will be the next lawsuit. A 2.0's fee is likely, (and I see Crowdfunding insider corrected the initial article) All advertising costs (estimated at 5% of gross revenue); plus 10% of gross sales (net of Indigogo fees) to be paid on the back end. Agency 2.0 justified this...
  16. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    Storm tested the electric only range and hit 20 miles as promised … in fact, kept going and actually hit 23 miles! As Storm put it: “Got to 20 miles....still going strong. Hit 22 miles no problem then at 23 miles my digital reader battery screen showed empty...still I got 700 yards out for cool...
  17. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    This article spells out the business-interconnections between Agency 2.0 and Indiegogo, it also spells out the connectivity between Agency 2.0 and Storm. http://www.crowdfundinsider.com/2015/04/66979-sondors-ebike-crowdfunding-partner-i-feel-like-i-was-had/ Issues in future litigation; It was...
  18. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    Except for the yellow triangle case and other cosmetic options (which add unnecessary cost, and will in this case reduce margin), the bike is a standard Chinese product. There is no additional effort to "mass produce" a bike which is already in mass production. The dog and pony show of...
  19. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    $550,000 to Agency 2.0 plus marketing expenses say $160,000 Indiegogo and Paypal fees Indigogo hold back a business complexity Need to pay a second PR agency Help desk costs Legal fees, just this single action will be $25,000 or more. Around 10,000 units sold, with monies owed for shipping...
  20. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    I feel that the folks that purchased a Storm Sondors bike are entitled to a buyers bill of rights. As such; You have a right to a product which is safe to operate and which conforms to all laws and standards. You have the right to a product that has undergone adequate testing. You have the...
Back