I didn't invest in this KS in the end, because of something I would call the KS vicious circle.
I'll explain...
Let's say you have a company that wants to invest in a whole bunch of new products, but lacks the capital (common story, right?).
You're aren't big enough, or offer a product that the sharemarket understands, so becoming publicly listed to raise revenue isn't feasible, or maybe you don't like the idea of answering to shareholders (fair enough).
So you create a KS, and raise funds.
Great!
But you over promised the KS to draw in backers...offered deals that were too good.
Or maybe you were in debt to begin with, and a substantial portion of funds that should be for the KS are used to alleviate debt.
Or maybe you simply didn't calculate costs correctly, or costs of basic materials rise, or you realise you need to hire staff.
You are suddenly in a position where despite just completing a successful KS, you are in dire needs of more funds!
Heresy minis is in all three above situations!
Andy has a history of poor decision making regarding his business, he openly declared that the funds from his KS were to be used to make the 200-odd dragons he still hasn't completed from over 3 years ago.
He then kept adding more and more minis to his KS, and now is in a position where the money from his KS has to be used to finalise all his old outstanding orders and all his new KS obligations.
I fear that whilst he may well pump out the dragons and get rid of that millstone, he will run out of money before managing to complete the hundreds of new orders this KS brings.
Then what...another KS to use to raise revenue to finish the previous one?
Hey, just my opinion, maybe everything will go smoothly, and the numerous backers will be holding shiny resin demons early next year...
We'll see...!
