Thanks for pocketing our money. We at least deserve a refund of the shipping costs. This sucks.
Very disappointed by this result that came out of the blue, there will be heavy consequences to betraying our trust...
So it took you guys 2 years to milk our money, and give us nothing in return?
A very long sorry note, but no mention of a refund!!
Fuck you Ossic.. You guys will obviously pay for this with a class action suit.. Best of Luck
btw it was so expensive to develop because you randomly decided to develop on-board audio processing to run spacial sound on phones for no reason. You can only blame yourself.
Join the fb group. Lets file a class action lawsuit.
I was under the impression that this product was already created and that you only needed the money to build and ship additional units. Clearly there was a major omission of facts here and Kickstarter also allowed it to happen.
If you haven't claimed bankruptcy then I imagine you still have money and you better believe most of us will be coming after you for our money.
Dear Sirs, it would have been Nice if you had been more open about you financial problems sig months ago. Now we do not have a chance to cuntribute. Lars
Just to say, I have joined Facebook group.
This is utter garbage, I will be joining the class action lawsuit over at https://www.facebook.com/groups/932229213618373/
See you ass hats in court
Two years ago I left you a comment, it took 6 months later to reply to assure me everything was fine and on schedule. A year ago, I asked for a refund and no reply. Now this!?! Worst company ever, really hope everyone gets there money back!
Joined the facebook group https://www.facebook.com/groups/932229213618373/
I hope everyone reads OSSIC’s now withdrawn SEC filing and pays attention to the promissory notes area. In August, OSSIC will give a fat pay check to Jason Riggs, Joy Lyons and her family with funds that essentially come from Kickstarter and Indiegogo(it’s still gaining interest at this point).
I'm posting again as I want it to remain upfront and relevant. DO NOT just dismiss what you have put into this company. YOU do have right, and should be informed of them. Take the time to read the kickstarter legal terms and conditions between creator and backer:
Under the terms section 4 outlines the binding agreement between you the backer, and Ossic the creator. If you feel like I do and others, that Ossic has not been upfront, honest, and forthcoming about this project, its standing, and use of funds, then join the facebook page put together to bring light to this, and to demand compensation or transparency in how Ossic failed us.
Get the FUCK OUT.. Useless words... useless company... waste of hard my earned Money.
You should be arrestet for wasting that much Money. Get fucked!!!!
Oddly enough I found myself “liking” this update. I feel that Ossic has not been frank with us (and doubt that they are being fully candid even now) but as a backer I need to move on with my life, not be grinding my teeth waiting for something that showed no sign of ever being delivered. I appreciate the closure, and the *dis*closure.
Other backers may be interested in sueing but frankly there's no money to recover and if there were, there would be other debtors ahead of us in the line. There are questions I'd like answered, though I doubt that they will be. 1) How much cash reverted to the management team as repayment of loans to the company mentioned in the Startengine funding document? 2) Were the patents related to the Ossic X owned by the company or are they still held personally by the management team? 3) Has there been an attempt to raise money by sale of the patents by *whichever* owner?
Those questions are for anyone who wants to chase them. Personally, like Ossic, I'm out.
I requested my money back last year twice. I'll now be seeking legal representation. Shame on you. People like you shouldn't be allowed to operate a business, if indeed that's even what this was. What a deflating sham.
Joined the facebook group. https://m.facebook.com/groups/932229213618373. Everyone should too.
Truly unforgivable news, I am very disappointed.
The initial Kickstarter said you would be shipping the units within months. You knew full well that was not the truth. You continuously lied to everyone about the time tables and finances of this project. You continued to present the company and product to the public as though everything was coming along slowly, but fine, all while asking for additional preorders. I hope you are investigated for fraud.
Disgusted. Went from innovators to criminals. Fuck you. I’m joining the suit.
You guys need to understand that this is kickstarter not Amazon.
I've backed many projects and it's normal to hit or sometimes miss.
Incoming class action.
Joined the Facebook group now at https://www.facebook.com/groups/932229213618373/ not for the class action but to stop people like Jason Riggs scamming other people.
His reckless actions hurt the entire crowdfunding community.
Wow. The lies. I understand Kickstarter isnt a store. But all those fucking updates and you didnt mention ONCE that you ran out of money because the projects was "too complex".
Heres a question: if you knew how expensive it was to CONSTANTLY be getting more advanced, more upgrades, more improvements, why couldnt your team just have stuck with a streamlined design? Is there a reason you HAD to keep making it more expensive and more complex?
I feel incredibly jipped and swindled. You guys SUCK at communication if you couldnt think to bring this up any other time but the last possible fucking second. The worst part is that your whole team lied. All the updates making it look like your "working prototype" was so close were anything but. You took our money and picked and chose what pieces of information you thought we would want to hear. That's a really shitty, disgenuine way to treat your investors.
"The OSSIC team has successfully delivered hundreds of audio products to market. We understand the unique challenges of audio hardware and are familiar with how to avoid and mitigate any issues that arise."
What a joke. So much for that...
Looking at actual actions across the years it seems our money funded more PR events for spotlight-craving muppets like Jason Riggs than anything else.
I have joined this page as of now...
I am extremely disappointed after all the “updates” and false announcement you were shipping. I have joined the class action suit facebook group. I want my refund or I want at least a letter from the company noting my investment $ and that it can be declared a loss on my taxes. My son has been waiting patiently for literally years. He is very mad.
I agree a 100% with Dario D’Aversa.
19th of May 2018 21:31
A very disappointed backer from Holland.
For those not familiar....these are Kickstarters terms regarding the agreement between creator and backer:
Kickstarter provides a funding platform for creative projects. When a creator posts a project on Kickstarter, they’re inviting other people to form a contract with them. Anyone who backs a project is accepting the creator’s offer, and forming that contract.
Kickstarter is not a part of this contract — the contract is a direct legal agreement between creators and their backers. Here are the terms that govern that agreement:
When a project is successfully funded, the creator must complete the project and fulfill each reward. Once a creator has done so, they’ve satisfied their obligation to their backers.
Throughout the process, creators owe their backers a high standard of effort, honest communication, and a dedication to bringing the project to life. At the same time, backers must understand that when they back a project, they’re helping to create something new — not ordering something that already exists. There may be changes or delays, and there’s a chance something could happen that prevents the creator from being able to finish the project as promised.
If a creator is unable to complete their project and fulfill rewards, they’ve failed to live up to the basic obligations of this agreement. To right this, they must make every reasonable effort to find another way of bringing the project to the best possible conclusion for backers. A creator in this position has only remedied the situation and met their obligations to backers if:
they post an update that explains what work has been done, how funds were used, and what prevents them from finishing the project as planned;
they work diligently and in good faith to bring the project to the best possible conclusion in a timeframe that’s communicated to backers;
they’re able to demonstrate that they’ve used funds appropriately and made every reasonable effort to complete the project as promised;
they’ve been honest, and have made no material misrepresentations in their communication to backers;
they offer to return any remaining funds to backers who have not received their reward (in proportion to the amounts pledged), or else explain how those funds will be used to complete the project in some alternate form.
The creator is solely responsible for fulfilling the promises made in their project. If they’re unable to satisfy the terms of this agreement, they may be subject to legal action by backers.
Legal action may be taken by backers, as I feel Ossic has not fulfilled these obligations per Kickstarter agreement. They have falsified information and promises during updates, never mentioning financial issues or the possibility of not being able to deliver. When they first started the campaign, both in writing, and demonstration, they conned us into believing they had working prototypes already, software and hardware were fully functioning and in final stages of development, just a matter of producing on mass and shipping. THIS WAS NOT THE CASE. misuse of funds for elaborate studio sessions, and marketing instead of functional products. Still, we haven't seen 1 product reviewed by any of the initial $1000 investors, which leads me to believe they were never delivered in January. I will be joining the facebook lawsuit page as well. At the absolute very least, everyone is entitled to shipping cost being refunded for the product, this should have never been used for development or company wages, and over 10k backers, that equates to a few hundred thousand dollars at the very least. Some people may chalk up the loss to kickstarter and not being able to retrieve anything in return. But im reading about my rights and agreement between us, and you OWE us much more than this one off farewell note in how you tried so hard.
Kickstarter won't issue a refund ...plain and simple . They have specified it clearly in their terms and conditions. So no point even talking about it. Now , i would request my American backer friends to please advise on how we can take some kind of legal action collectively because as an international backer , i am not aware of this bit.
PT Barnham was right..............there’s a fool born ever minute. And I, along with all you other trusting simpletons are in the front row. This is the 2nd crowdfunding operation I’ve invested in and both have gladly taken my money and ultimately walked away. I’m done with crowdfunding! Whoever is (was) running the company didn’t have the guts to sign his name to the final report. Is his name, maybe Bernie Madoff?
The final report was noteworthy in it’s lack of information. Were their any patents granted? What happens to the intellectual property and parts for incompleted phones? Are there any company assets left? Has the company formally declared bankruptcy? Who are the officers?
As a 91 year old music lover, I had high hopes that these phones would rejuvenate some of my age related hearing loss, but I guess not. I suspect someone younger will be outraged enough to file suit, and he has my support.
In order to join the class action lawsuit against OSSIC X, please join our FB group: https://www.facebook.com/groups/932229213618373/
2 years, $2.7mil, over 10,000 backers and a few beta products given to a select few. I sincerely hope you enjoyed the brief media soirée and champagne on the initial success of obtaining money from innocent mugs like myself who stupidly believed all your bullshit. 30 plus years in IT around the world means I have a fair few contacts in many multi-nat corps and will ensure your names linked to being scam merchants are well known. I agree with many comments below as I believe the few beta units produced were given to a few friends and family. Enjoy your ill gotten gains while you can has Karma is coming for you and it will be sweeter than the shafting you did of innocent people of their money.
Oh I have contacts in the EU Commission and will be asking them to look into Kickstarter and this and a few other projects from a legislative angle.
I would like my refund!!!
No info on how to get a refund, and lies about the status of the product throughout development. Contacting the bbb because that's garbage
This is bullshit.
I want my money back end of
Joining the ossic x class action Facebook page
It's just bad that you have been giving your backers a false perception that the products are in productions and are ready to ship - but in fact there are issues with the company and etc. I think this is a LIE! We want our money back!
Aaaand that’s why you MUST be LEAN, SHIP FAST and focus on an API Centred Ecosystem from day one, in order to “Fail” fast (measure often, reflect, learn and improve in constant cycles...)
Early and dedicated adopters like we are, would’ve been Perfect for that approach...
— You showed you did try to some extent but I always felt it was too high level, taking too long to be sufficiently effective (meaning “saving truckloads of time and labor...”)
This is sad sad news indeed...
You lied to all of us. You hid this disaster and strung everyone along with evasive tactics, lies and promises you knew you could not fulfil without more capital. You should all be ashamed of yourselves. Everyone whose name is associated with you now also has cack for a reputation, and I will remember your names and make sure if you ever cross my scopes again that you are reminded of it, constantly.
One more reason I am no longer backing any Kickstarter project. Ever. Promises with our deliveries are too often an occurrence here. Like crypto ICO. Fund paid for a “Good idea”.
I would certainly appreciate if this knowledge was more known right about ages back - when financial difficulties arisen. Not find this damn surprise now.
I would expect one of the following options:
1. Have the project open sourced to some extent and have use our collective financial acknowledged and prioritised, for
2. Create an IP license allocated to all funding parties pro-rata, so any future project development / take over by another party would yield benefit to financiers at the very least.
Else this is a colossal waste of effort and 0 funding and winding company up is either stupid or fraudulent act ( reforming it as something else to carry on trading with the same IPs )
It is a factory in Trondheim, AMD owned, they make props for many things, mobile phones, graphic, headphones ... They are specialists on building smart and easy and produce. As far as I know, using the normal code is programming.
This is not acceptable. I want my $269.00 back. I was patient for two years. NOT OK.
While I'm very frustrated by the news that you're shutting down, having lost more than 350 CAD $, I would have to say I'm not surprised -- in fact, my regret is not having asked for a refund months ago when I saw you guys were a joke.
1. You made it look like you were in prototype stage the entire campaign, having "ugly but working" prototypes, videos where you show people & they're acting like they're blown away, yet you claim all your money got dry on R&D. How can you burn ALL that money on R&D if you kept showing us a product that was almost done?!
2. I knew you were wasting money when you kept showing yourselves going to trade shows, events, etc. You're still in R&D yet you're wasting all kinds of capital "showing off" something that doesn't exist. You just went out there to have a good time with people's money.
3. Simply put, the lack of updates. It was so obvious you guys had NOTHING good to share with us since you got the money, that I had a feeling you were probably smoking it all away.
4. Instead of letting people know of your hardships, you just go silent and all of a sudden announce you're shutting down. Cute story about how you've been working without salaries, but I'm not buying it. If you were passionate about your project, you would have reached out. But instead you were quiet until it died. Proves you never cared.
Oh, well. It is what it is ... once again I get F***ED over by Kickstarter. I'm pretty much done with this site. I understand the risk, but there's just too many lies. This product looked almost completed even during the funding period, and then we're told months/years later that "R&D is expensive". What a bunch of thieves.
Shit happens, we get that.
But your communication sucked. You led people on thinking this was still on track, but in reality you were shutting down.
Look, I get this sort of thing does happen. But lying to your investors doesn’t only affect us, it’ll affect every other company who tries to crowd fund their projects as well.
You do owe all of us our money, or at least a portion of it. You owe us for the shipping cost you collected as well.
And Kickstarter owes us to makes sure you lot never get a chance to use this platform for fundraising ever again.
@ Dave Rogers everything you just said!! When they asked for extra investment, before anything had been delivered, anywhere.....I thought of my Nigerian uncle to whom I owe £10k to cover his sunshiney persona... He’s quite persuasive... 😤
This is truly disappointing, another Kickstarter campaign shuts down and all the backers are left with a product and their money. I understand things don't go always as planned, but to lead individuals who supported your campaign on while knowing you can't provide a product and don't plan on returning their money is not only criminal, but a waist of our time. I plan file a claim against this campaign and I urge fellow backers to do the same.