LUCI is no more – GTX Technology has canceled the campaign, claiming to have found a private source of funding.
In many ways, this is the best possible outcome, but before I get into all the reasons why, let me share exactly what was said. (If you haven’t been following this saga, the original post will bring you up to speed.)
There are a number of reasons to doubt this statement. For one, it seems unlikely they could pull together an in-person demonstration of the prototype when they had just insisted new photos or videos of the technology in action would be impossible. For another, what sane business person would leave $360k CAD in preorders on the table?
It’s not clear whether GTX is stepping away voluntarily or under pressure from Kickstarter, but by doing so now, 2 days before the end of the campaign, the more than 2,500 backers are guaranteed to keep their money. My congratulations to the backers for asking hard questions and not settling for anything short of direct answers. They may not get their LUCI, but they can take pleasure in the defensive petulance of this letter, a hallmark of a scoundrel cornered.