by Michael & Matthew
So how much of the money remaining will be available for refunds?
Well that's lame.
Mike, don't give up just yet. How much would the price need to be? Garmin has a similar device (GTU10) but its cost was way superior to the value you listed here, so that there may still be enough interest on the device even if it has a higher price tag. If that doesn't go beyond values from other sources (such as Garmin's GTU unit) it would still be relevant, specially if it could have some added features on it (such as being possible to attach it to a DSLR or other expensive device which would benefit from effective tracking).
@ James:You were never charged, they never got the money because they canceled the campaign
So what's this really about? Did we not pledge enough, or is it that you were just using the individuals who pledged to get investors for your company? Did the plan go wrong and you weren't able to sell us out for millions like Oculus Rift? Denying their pledgers equity in a 20 billion dollar company created with their money?
We tried to start a company with a solid idea and an agreement from a china manufacturer to make it for an agreed price. Later we found out the agreed price was a lie (read previous updates). The real price was double what we were told based on the 1,000 unit volume we were hopping to get support on Kickstarter for. Unfortunetely there will be no TraqCloud company. :-(