Backers of cancelled e-ink watch gained't get their a refund

Backers of cancelled e-ink watch won't get their money back

When you have been wowed by the CST-01 e-ink watch again when it appeared in early 2013 and threw down a few of your exhausting-earned money for it, we obtained some dangerous new for you: you are in all probability by no means getting your a refund.

The watch was shelved in the summertime of 2015. Central Normal Timing, the staff behind the doomed timepiece hoped to unload its belongings after cancelling the timepiece which could have meant backers would get a few of their a refund. However, based on SlashGear, chapter papers posted to the Kickstarter web page point out that its extremely unlikely that backers will ever see their money.

The vaporware bracelet was successful when it appeared on the scene. Actually, Central Normal Timing was capable of increase $1,026,293 throughout its Kickstarter marketing campaign. However, in line with the authorized papers posted to the backer web page, its belongings at present solely complete $30,000. So almost one million dollars have vanished because the finish of the marketing campaign and now.

The authorized papers are solely seen to the poor souls that gave the corporate cash with no replace or assertion from the now defunct firm or its founders. It is a unhappy reminder that crowdfunding campaigns do not all the time repay and typically its higher to attend and see if a product truly involves market earlier than shopping for it.