Quoted from someoneelse:
Because law enforcement would remind you that you would be stealing from all the other prepayers etc. that have money in this. You could force them to sell the proto and evenly divide the proceedings between everyone having money in this....your share will be very small.
How is this kind of thinking - "I want this machine as indemnification for myself" - and not caring the least bit about the others invested in this better than what JPop did?
You really need to open your eyes to business reality. Companies go bankrupt all the time, people lose most of their investments, the IP is bought out and someone else finishes and goes live with the product - in some cases even making a fortune on it.
A big part of the problem is mentioned by yourself: "...invested hard earned money in good faith...". Tell any investor, businessman or non-pinball friends that you invested hard earned money in "good faith" (and not much more than good faith) and be surprised by what they will answer.
You bet on the wrong horse, you invested in the wrong company, you believed in the wrong person. All natural concerns and clear thinking was thrown overboard in the light of a shiny & rare new toy. A lot of this disaster originates in the wrong and somewhat naive belief that an artist and pinball designer must be competent to run an economical challenging business. I think it's safe to say that artists are among the ones to been known to typically have less connection to "hard facts business" than most other professions.
Now it seems that someone with the necessary financial potential and business competence has stepped in and is trying to evaluate if the IP is worth going for, if there is still enough interest in the machine, if it is feasible and what it would take to produce the machine. Thus the presentation & the "offer" to the original prepayers.
And don't be fooled by the emotionally loaded comments about no one wanting this machine due to it's history. If it is released it will be one of the most collectable pins ever made and the value, depending on numbers produced, will probably go through the roof. Not despite but because of it's history. I'm not saying it's a good move, but if a pinhead friend called me saying he just got a MG I'd jump in the car immediately and be there lightning fast.
Whatever, I still feel deeply sorry for anyone invested in this. There really is no "right" solution to this situation, either way it will cost you a lot of money which makes me very sad.
Maybe the single positive effect of this will be that future projects in pinball will have to be approached in a far more professional and thoughtful way leading to more healthy and realistic endeavors. After the pitchforks have been tucked away again, that is.
If a paid in full preorder individual went in with even basic law enforcement, and claimed ( with a receipt) these were the machines they had paid for, there would at least be a question, machines confiscated, and everyone would know where they were ( from my reading, many people doubted they even existed).
Addressing " personal indemnification for myself"....negative. At least one person who paid for the machines would have ownership...goal is to not let these " assets" vanish again.
" opening my eyes to business reality", " investing hard earned money in good faith", and " betting on the wrong horse" explanations would only enrage me more, if I were vested.
My eyes are wide open to business reality, I live it everyday. Didn't see business "ethics" tied into your response in anyway, guess I'm not that intelligent.
And now the " good faith/ betting on the wrong horse" people were idiots for doing so? No way. They bought ( and were sold through good faith tactics, btw.) a bill of goods, that is sitting in their face at the moment. They were grossly misled, lied to, and now "force fed " into whatever this was suppose to accomplish.
I would suspect that there will be a fair amount of people that look in from the outside ( of this hobby)in disbelief.
Slept on this last night, so I would be calmer in my posting/ reading today. I'm just tremendously sorry and feel for the people that have to endure this ( and the other fiasco). I enjoy pinball as a release from my business world, and suspect others do too. Suffice to say just reading this is not a release that would be best for pinball.
If a paid in full owner does not have these at least confiscated until details are crystal clear for all of the current owners, I hope justice is swift.......mark