Vega+ Shipping Dates
- End of September 2016
- October 2016
- In time for Xmas 2016
- February 2017
- A "few weeks" from March 10th 2017
- Summer 2017
- 8 weeks from August 9th (October 4th, 2017)
- Mid October 2017
- April 2018
- May 8th - 12th 2018
- May 12th 2018
- May 31st 2018 (Indiegogo deadline)
- June 15th 2018
- July 6th 2018
- August 2nd 2018 (Shareholders poll to remove directors)
World of Spectrum
Searchable threads in one long post:
Michelmores confirm that RCL has no assets in November 2017, and that any money they obtain from Nick Cooper is to be seen as a bonus.
Michelmores also appear to be under the illusion that the IP used in the original Vega belongs to RCL, but Chris Smith was never paid for the original IP and still owns it.
The Vega+ uses the FUSE emulator which is covered by the GNU general public licence. Use of the emulator requires machine readable source code to be distributed with the Vega+.
Peter Haigh-Lumby <Peter.Haigh-Lumby@michelmores.com>
To:Suzanne Martin,'David Levy'
Cc:Garbhan Shanks,Jayne Clemens,Tim Richards,Sarah McKenna
Nov 20, 2017 at 11:13 AM
Suzanne & David,
Thank you for coming into the office on Thursday.
I agreed to drop you a brief note of the actions/points we agreed. Which are in no particular order-
1 - Any monies recovered from Cooper is to be regarded as a "bonus" in terms of monies due to Michelmores. In other words the focus for you to pay us is through selling the Vega and Vega + rather then chasing bankrupt individuals.
2 - In this respect we are not doing any more work other than letters to the Liquidator and assisting the Trustee in Bankruptcy as absolutely necessary.
3 - Again I was disappointed that you have not cash flow forecasts yet but you have agreed to let me have a schedule by the end of this week detailing the following. Basically the schedule (ideally a spread sheet) should show for each model the different sales routes, the prices and margins of each route and who you have orders for each model from showing who, quantities, dates etc.
MODEL Vega l Vega +
SALE ROUTES e.g. on-line, l
through Distributor, to retailers etc. 1 2 3 l 4 5 6 (i.e. detail each sales avenue)
SELLING PRICE of each option 59.99* l
COST PRICE of each option 23.00* l
MARGIN 36.99* (* by way of an example) l
ORDERS - Detail of who, amount, l
price and dates l
This spread sheet will then provide your best estimate of inflowing cash over the next say 3/4 months.
4 - 5,000 units to the backers by end of November to be followed up by 6,000 more Vega +'s to Retailers.
5 - Suzanne to meet SMS this week and resolve the overcharge of packaging. This could run to several thousand pounds and you to press for a cash refund which could be used to pay Michelmores some money.
6 - Suggested split of future margins received being 60% to Michelmores and 40% retained by Retro (we will confirm this when we have seen the above numbers) but in principle the majority to us is acceptable but until we have a feel of what that will be we reserve our position and may ask for a higher percentage.
7 - We also discussed taking a charge over the Companies assets. In reality the only asset that has any real value is the IP which comprises the "code" of the Vega and Vega + some of which is already in the public domain. This is further complicated by your agreement with Sky and using the name of Sinclair and Spectrum. The plant (i.e. tools) is another asset but you informed me that this has little value. We will discuss the legal implications of this internally and revert in due course. There is of course any stock you may have.
In conclusion we look forward to receiving the schedule by the end of this week and an update on the position with SMS and the over charge.
In the interim if you can keep us updated of any developments which have a bearing on the sales and cash flow please do let us know.
I will be in London on 30 November, early morning of 1 December and up to 12 noon on 14 December which would be available for further meetings.
Director of Business Management and Operations
DDI +44 (0) 1392 687807 | FAX +44 (0) 1392 360563
Woodwater House | Pynes Hill | Exeter | EX2 5WR | DX135608 Exeter 16 | +44 (0) 1392 688688
12th Floor | 6 New Street Square | London | EC4A 3BF | DX63 London Chancery Lane | +44 (0) 20 7659 7660
Latest Funky Spectrum RCL Videos
RCL really do seem to be trying to "go for broke" here, with their lawyers now contacting them to chase over a quarter of a million pounds in unpaid fees...
Just when you think it couldn't get any more ridiculous...
Seems like someone at RCL doesn't like the truth being published online...
"Our Indiegogo campaign is to raise funds to manufacture the first 2,500 or more units of the Vega+ in the UK, and to prepare us for the second production run."
— RCL (15/02/2016)
- All refunds processed: ✘
- Roll of honour email: ✘
- Address confirmation: ✘
- Battery specification: ✘
- PEGI certification: ✘
- Final specs released: ✘
- Games list released: ✘
- Finished box design: ✘
- Manual released: ✘
- Working website: ✘
- Final devices made: 0 ✘
- Small claims victories: 0 ✘
- Prototypes made: 20-30 ✔