Part Two of Three
Our efforts over the past couple of years have been financed by the generous, and hopeful, contributions of IndieGoGo supporters; and the investment of even greater sums by myself, friends and family and of the contributor-partners who shared our belief in the vision of Mu Optics. At this point I'm sorry to say that unless we find financing for a continuing effort, we're unable to provide any additional refunds. I personally feel a sense of shame; not in our failure in making it to market, but that we're unable to refund your contributions at this time. I cannot apologize with more sincerity. Please know that every dime was spent in earnest effort to accomplish the goal. Everyone that collected a paycheck during this effort never earned a cent more than they would have working at McDonalds. Until such time as additional financing is found, there is no one collecting any pay from Mu Optics. As a couple of contributors have pointed out in their postings, I can tell you that my house is for sale and that those proceeds will go to collateralized lenders we borrowed from and there will be nothing left. I'm at the bottom of my pockets.
Until the past few months we refunded everyone's contribution that asked for one. We did that believing we were on the way to market and that thermal imaging cameras for the mass market was such an obvious winner that funding for production was easily around the corner.
We showed our camera working at the IMTS convention, and we also posted videos showing the working camera. As a result: we received the very positive response we hoped for. We expected to be in production within a couple of months of the show. Then Seek Thermal arrived.
Again, we've not completely thrown in the towel, but it is unlikely we will be able to continue as a company.