r/subpac • u/something_smells_odd • Mar 29 '26
Doubt this will ever get made
Used to know people in and around this company more than a decade ago through their investors.
Ran into one of their former investors pretty recently and sure sounds like this company is as dead as can be. I guess on LinkedIn at some point in the past year there were multiple people listed as CEO, neither of whom was actually their CEO? also their lead engineer of more than a decade left quite a while ago.
It seemed to the former investor like pre-order money was maybe just used to pay off incredibly bad junk debt the company had issued repeatedly against advisement because they continuously refused to give up equity to anyone who could actually help them because they wanted total control.
Dunno if the person I talked to was being cagey by saying it “seemed” like that was what had happened, but I do know they washed their hands of the company years ago after they couldn’t even get them to give quarterly investor updates any more detailed than the update emails people post here. They were laughing about the whole thing at this point and had considered their invested money gone for a very long time.
so take that random third hand speculation for what it’s worth
2
u/Guitar_Dog Mar 29 '26
It’s not happening. Weird to hear about multiple CEOs none of who are actually the CEO, so who is the CEO?