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  1. FTC Complaint

    Liability of "crowd funded bikes"

    If I was going to talk about personal or work experiences I would just say this; Electric bikes, motors, bicycles, electronics, are all things with "a physical integrity," they are tangible things which people labored to build; or can make tangible use of. Finance and crowd funding are virtual...
  2. FTC Complaint

    Liability of "crowd funded bikes"

    Lending Club makes Sondors look like a Saint; LC gets paid first and has no risk to capital, the simplistically flawed and untested models being a major risk to return of capital, a mile high list of concerns many of which are listed in the prospectus.... the list with LC goes on. See 2008...
  3. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    It would be great if this (via a link) would find it over to Sondors on IGG
  4. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    http://www.specpr.com The fellow also has Facebook and Twitter accounts. The next court date is 7/28/2015; If you think about it both "bike buyers," the OEM manufacturer, UPS, Dawson, lawyers, and Agency 2.0 are creditors! 1) Who has the assets IGG, Paypal, or Storm? 2) Who...
  5. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    You have to "assert your rights" In that assertion I would suggest; using the words "sale and purchase" talk about inaccurate representations (You, yourself, said it would be 50 miles but you tested and found it was only 23, this does not meet my needs or expectations; the product is very...
  6. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    Here is a "random" independent-testing service (testing is about $30,000 to $40,000, last time I checked - with a different vendor than the one illustrated) This was/should have been known at the time offering, http://www.intertek.com/energy-storage/un-transportation-testing/...
  7. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    As recently as a few days ago Airlines are now-just refusing to carry these batteries; the regulations have been in place for a longtime they are UN regulations and testing requirements. No surprises here, nothing has really changed! We hope these actions will encourage other airlines to...
  8. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    Well that could be a unilateral change to a contract.. So when you send IGG, the PR firm, or Storm via his attorney a letter asking for a refund you might say; "I was promised shipping at actual cost, with the amount specified for shipping on your website being an upper limit to that amount...
  9. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    Shipping, and certifying lithium batteries for the same purpose, was one of the many business issues and concerns. I think this is the basis for demanding a refund from your credit card companies, via email to [email protected], In writing-certified to Sondors (via his attorney), and from...
  10. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    Yes, I should have posted Pedego {corrected and thanks} (which I understand to be importing bikes, doing US domestic QA, and domestic retail partially through franchises (and thus providing full service support)). I am not sure if Prodeco imports (domestic or foreign) parts and then assembles...
  11. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    Just the opposite, "Crowdfunding" only makes sense if you have a completed product; in most cases, a few hundred thousand dollars (in projected goss margin) will not be enough to cover product development and other capital costs (a recent coffee maker and a thin watch). Even the superfluous...
  12. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    An Open Letter to Storm Sondors via: Kent M. Walker Lewis Kohn and Walker LLP 15030 Avenue of Science, Suite 201 San Diego, CA 92128 Your campaign has failed to address business concerns which are integral to the delivery of a complete and safe product. As a public crowdfunding, you are...
  13. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    It will really confuse things if he delivers (a few or all) of the bikes. Agency 2.0 would then be the "last party" to get paid. Thereafter the consumers that actually got bikes will have no recourse. Delivery of the bikes changes the order of the disaster, not the disaster itself.
  14. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    There is some indication on IGG that the "first wave will ship in May." Best to ask for a refund before you get a product and have no recourse as a result; or remain a "creditor" by waiting for subsequent waves Kent M. Walker Lewis Kohn and Walker LLP Regarding Storm Sondors 15030 Avenue of...
  15. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    If you ask for a refund there is no assurance you will get one. There are some advantages to putting your request in writing. The path of least resistance for a refund is to go through your credit card. These are letter templates. IGG will tell you to go through the campaign. So; This is...
  16. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    You are not an "investor" nor are you "invested in anything." (you might be emotionally invested, but that is your business) Consumers falsely think they are "saving money" or "investing" when they purchase something, in this case through a pre-sale. Anyone in "the industry" has the legal...
  17. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    Because the people in the venture are non communicative, and have not communicating on a truthful and fair basis. Even when given every opportunity to respond to the press. Had the campaign been truthful, I would not have been involved as one of many "experts in the field." Court is an...
  18. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    I just "banned myself from the chat board" because it looked like I was on the cusp of getting a cease and desist, "for asking about liability insurance, and the veracity of their business plan." I expected it to take a few years for Sondors to self-destruct, not anticipating that he would...
  19. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    My email correspondence chronology with IGG goes something like this; When I alerted them to all the discrepancies of the Sondors campaign on February 8th and thereafter, they said "they would be looking into it." I followed on with IGG, in response they told me to post on the IGG-Storm chat...
  20. FTC Complaint

    Sondors Fact Finding. Due Diligence. Scrutiny.

    You mean this picture From "Rad Rover."
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