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  1. J

    Fenix Power - Took money and but never delivered

    Dave, as a fellow (but now former!) resident of the Pacific NorthWest, I know all too well how uncommon home AC is around there. We used window units when we lived there, though I remember discussing full home units with a friend a couple years back. He was a Seattle native, but lived in Texas...
  2. J

    Fenix Power - Took money and but never delivered

    You covered that pretty darn well Lothsahn, if I may I have one more point to add to your list: Local power regulations are extremely challenging, both for battery and for solar installations. They vary wildly across states, counties and cities around the country. While they are likely well...
  3. J

    Fenix Power - Took money and but never delivered

    Yes, we are currently using a PO Box at a UPS store as a method to retain an address that's stable while we grow here in Charlotte. We chose UPS over the traditional post office PO Box as they offer more digital notification and package handling services than the post office. They also have 24...
  4. J

    Fenix Power - Took money and but never delivered

    I appreciate the words of support, and do value your input on crowdfunding. I hope you don't mind a bit of a humorous reply, but I wish that a successful crowdfunding campaign was only as simple as hiring a millenial! I and my team have done extensive research on crowdfunding and what it takes...
  5. J

    Fenix Power - Took money and but never delivered

    It seems I forgot to address the equity crowd funding and ICO, and since they're a simple reply, I'll just add that real quick. Both are very young, and highly risky propositions. The rules aren't fully baked on equity funding, and ICO is nearly wild-west status still, with lots of scams and...
  6. J

    Fenix Power - Took money and but never delivered

    It looks like I missed quite a bit of discussion, so I'll try to address a few things in this reply. First, Kickstarter and Crowdfunding. I did quite a bit of research into using a number of crowdfunding models, including the newer equity/stake models and the even newer ICO or Initial Coin...
  7. J

    Fenix Power - Took money and but never delivered

    You are indeed correct about the scale/total of the deposits, when replying I couldn't remember if the deposit was 1 or 2,000, and I knew reservations were north of 250-300,000, in my haste I added a zero in a rough estimation. Admittedly I haven't looked closely enough at their financial...
  8. J

    Fenix Power - Took money and but never delivered

    The comparison is quite valid, even with the difference in scale. Let me explain: Tesla took in several billion dollars in deposits on the Model 3, which weren't escrowed, they were spent on the development and production of the car (or elsewhere in Tesla, there's no way to really tell.) And...
  9. J

    Fenix Power - Took money and but never delivered

    I make no claims that there's no risk. I'm certain I articulated that in my replies above. What I have said is I'm staking my personal reputation on the promise to make good. Now you have never met me, so of course, you have no yardstick by which you can assess my word or my reputation...
  10. J

    Fenix Power - Took money and but never delivered

    Of course I see this reply after I just replied about bankruptcy. Timing is everything! :)
  11. J

    Fenix Power - Took money and but never delivered

    I re-read your last comment, and it occurs to me that by BK you may mean Bankruptcy? Even if that's not what you meant, it is relevant, so I'll address that as best as I can as well. Due to the nature of our incorporation, the status of our fundraising efforts, and the SECs rules related to...
  12. J

    Fenix Power - Took money and but never delivered

    BK? I assume you mean Bitcoin here? Yes, we'll be completely separate from bitcoin, and instead (if we decide to include the financial portion of the business in a blockchain architecture) be using a public fin-tech smart contract service, which there are several and more coming. Again, we're...
  13. J

    Fenix Power - Took money and but never delivered

    You're correct, it's not even close to escrow. However smart contracts built upon a blockchain platform can be set up to work identically to a managed escrow account. Here's an example of how smart contracts are used in an escrow scenario...
  14. J

    Fenix Power - Took money and but never delivered

    Absolutely! Currently, it's simply a separate account, however, we're investigating blockchain based smart-contracts as we're using blockchain for other parts of our backend software for the service. Before we get to market we'll have our site off of the current WordPress/commerce platform...
  15. J

    Fenix Power - Took money and but never delivered

    We've been having issues with using PayPal as our payment processor, two different persistent bugs have survived several version upgrades and dozens of resets. As of yesterday we have moved to Square for our payment processor, which will certainly eliminate one of the bugs, and should the...
  16. J

    Fenix Power - Took money and but never delivered

    TheBlueLeaf, Thanks for the notification, we've had this issue before a few weeks back. Then it was related to a WordPress plugin misbehaving. It looks like I wrongly assumed that several updates later this wasn't resolved. Previously when this occurred I was able to clear the store's cache...
  17. J

    Fenix Power - Took money and but never delivered

    Quite a bit for me to reply to here, apologies if I miss anything, please remind if i do. Golfcart: Thanks for your deposit! And I completely agree that the cost from Nissan especially for 24kWh just simply doesn't make sense. You may have seen me state that currently we're only committing...
  18. J

    Fenix Power - Took money and but never delivered

    I appreciate the good wishes, it's been a ton of work to get this far, and much more to go still. I've been hearing the range increase ask quite a bit, and while it's on our roadmap, as I've said above, we're being careful not to promise it just yet. But the ask from you and literally a...
  19. J

    Fenix Power - Took money and but never delivered

    Well, I get what you're saying, so no worries here. But we are exploring the pricing of a combination of full-purchase and a smaller subscription cost for the service, this isn't the first time that people have expressed an interest in just outright buying our solution. It is worth noting...
  20. J

    Fenix Power - Took money and but never delivered

    First, I think your estimate of 20-50% of cells replaced over 5 years is a pretty wide swath, so lets split that up into manageable bits. I think 20-30% is a fair assumption based on our research, but at the same time, I also think it's fair to say over 5 years our customers will have swapped...
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