Quoted from BC_Gambit:Cliff notes version if I understand correctly:
The good:
- have until the end of June to make a choice
- will be able to see a complete or near complete MG in ~ 2 weeks
- games will maybe get made
- the plan will not go forward until John's books can be examined (e.g. is he squirreling away fat cash?)
The bad:
- John might get paid more money
- John does not get personally destroyed in the process (putting this in the negatives based on comments)
- Vendors do not get paid?
- assets might "disappear" over the next month or two
- people might actually make money on this... eventually.
- who in their right mind would pay 16K on a sorta mass produced game? Your resale out the gate would be what, ~10K at best UNLESS it is somehow the next coming of MM.
I am sure I missed some stuff... feel free to add to the lists as you see fit.
agree with your assessment, just to add a few things.
Ice doesn't like me posting anything dissenting but on Memorial Day Weekend, I'd like to remind Ice this is still a free country.
Here is my 5c
John, Ice, and new savior all do NOT want any litigation against John. I'm not saying this is a shell game but I'm not saying that hasn't crossed my mind.
My view
--If you sue John you may or may not get a lot (or some) money back, I threatened to sue him and he gave me a refund. I have not seen his books, but he is a crook (IMO) and I would not trust a word he says (does anyone disagree with this statement)?
--If you sign away your right to sue John or if you decide not to sue John. You stand the chance of getting *****ZERO DOLLARS******* that is zero refund and zero game? (does anyone doubt this statement)?
What if in 1-3 years the new owner decides it's too hard, the numbers don't add up, they won't make a profit, they won't sell enough of the most expensive pinball machine ever sold (I said sold not built). So in 1-3 years the pony guy says, building pins is hard, I'm not going to kill myself or lose any money trying so the project is off. You can't sue him, he never took your money has he? You can't sue John can you? Maybe the statute of limitations is up by then and he's off on the beach somewhere.
--The new guy has far less ability, industry knowledge to make pins than Jersey Jack and you see how hard a time Jack is having.
--No one even knows if these pins will be any good, it's a pig in a poke.