|
I received this below as an update on my pledge. There were also cost overruns (a bar chart, something like ~$470K collected ~$480K spent, ~$700 needed to finish the project. There are no figures listed, just bars, but labels on the side columns. Those are my estimates according to the chart.
The masterclass project is highly technical, using a proprietary manufacturing technology from our manufacturing partners. Difficulties and delays in getting a quality product and re-engineering of sculpting to meet these demands delayed the initial waves of releases.
These difficulties and delays, in part with stretched company finances, led to us to pause manufacturing to find a solution to meet the financial obligation to release more miniatures. To date, Ninja Division has manufactured and delivered over 28,000 miniatures to backers but has a great many more to complete. All sculpts are fully re-engineered and ready for production.
Looking Ahead
Despite our current difficulties, Ninja Division continues to doggedly pursue any and all avenues we can to get products to backers and bring new products to market featuring the brands our customers love. To that end, we are currently working under consultation to reorganize Ninja Division in order to better position it for success and secure investment.
As we proceed with our reorganization we have had partners and fans with operational, business, and financial acumen help us tremendously. If you have a professional skill set and passion in those areas, we would encourage you to reach out as we are working across various stages of consultation to repair components of our operation. As a bicameral entity, our business has sometimes been separated from our creative skill sets, and this realization makes us not too proud to seek professional assistance to ensure a stable and positive growth into the future.
Once we have concrete information regarding the company, new production, and fulfillment we will post another update. We thank you for taking the time to read through this lengthy announcement, as well as your continued patience.
|
They mention having to lay off almost their entire staff at the end of 2018 too. Right now it is just the three owners and one other employee supposedly. The four of them are trying to respond to all the emails and social media stuff. Can you imagine how tough that would get after a point? I get they messed up but at least they're saying something now.
| 1 person marked this as a favorite. |
They mention having to lay off almost their entire staff at the end of 2018 too. Right now it is just the three owners and one other employee supposedly. The four of them are trying to respond to all the emails and social media stuff. Can you imagine how tough that would get after a point? I get they messed up but at least they're saying something now.
My degree is in trees but i can put up a google doc and link people to it in 15 minutes.
So, they're asking for (professional) handouts, like a homeless person on the street.
That's probably a good sign, right?
I suppose bankruptcy is not too far in the future.
|
|
They mention having to lay off almost their entire staff at the end of 2018 too. Right now it is just the three owners and one other employee supposedly. The four of them are trying to respond to all the emails and social media stuff. Can you imagine how tough that would get after a point? I get they messed up but at least they're saying something now.My degree is in trees but i can put up a google doc and link people to it in 15 minutes.
With the way they ran their company I am betting they didn't think of this even with staff. Haha
