Hi to all,No, he didn't promise beyond one. His website statement in writing was only one aircraft will be built and then a business plan will be made afterward. Those that contributed are dreamers gifting on a small chance of marketability, not investors. Who knows what the actual promise was? That is private. Peter is a dreamer/contributor as well with small chance of a return. He said "funding" will resume after first flight, presumably with experienced investors with a goal for profit but who knows? The open sourcing language implies there may never be a profit. Icon also overshot demand and has apparently spent four rounds of "investment" with no chance of return on investment, as far as I can tell.
I was an early deposit holder (low 300s). Peter’s numbers were too good to be true but I figured that if he got 80% of his projection that it would be good.
BBenson, as to your post,
Peter did promise more than one airplane, he has promised 1500.
He has raised on the order of $2.5 mill from investors to date. Said investors were given a fixed price of $120,000 and a jump to the head of the line for their airplane.
Below is the fund raising email that I received from PM.
If you have been following the blog on the Raptor you will know that we have been making substantial progress on the prototype with the fuselage starting to come together.
We now have 563 deposits in escrow. This represents over 400 new deposits in the last 12 months and we are still closing about 7 new ones per week.
Progress is happening on the engine and we hope to see it running on a stand in the coming months. The engine stand is complete and round tube for the mount will be getting laser cut in the next week. The belt drive reduction unit engineering design is complete and we will be sourcing parts for it soon. We will begin assembling it soon afterward.
We have ordered the main landing gear legs and they should be ready soon. The windows have been delivered and trimmed to size using the fixtures we created.
Our current goal is to have the complete the doors and frames in the next 4 weeks which will allow us to bond together the fuselage. After that we can begin work on the foreplane and main wing.
In order to continue this program at the current pace we are working through the current depositors list and offering a limited number the chance to further fund the production of the Raptor prototype.
This invitation is going out to those deposit holders between position 320 and 329. At present there are only two positions available for this offer.
The opportunity includes the 3 following items:
1) a contract guaranteeing the delivery price of $120,000 for your finished Raptor rather than just an estimated price. This is $10000 below the current estimated price of $130,000.
2) 0.25% (1/4 of 1%) membership in Raptor Aircraft LLC which entitles you to share in the potential profits further down the line. You will receive a Schedule K1 each each with your share of the profit or loss. You are not responsible for any losses but you can write them off on your taxes.
3) the opportunity to move further up the line if you wish to have your aircraft sooner. Position #xx is presently available to the first person to respond
In order to take advantage of this opportunity we require that you sign a sales agreement that I can forward to you. We then require that you complete your $2000 escrow transaction so those funds transfer to us and are no longer refundable. Lastly you will need to wire or send us a check for $18,000 which takes your total deposit up to $20,000 which, at that point, is non refundable and will be used to further the construction of the Raptor prototype.
If this offer is of interest to you, please respond via email stating so and I will schedule a phone conversation with you to discuss our program in detail. Alternatively, feel free to call me on ***-***-*** at your convenience.
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