INSUBCONTINENT EXCLUSIVE:
Image copyrightIndiegogoImage caption
The handheld games machine was first announced in early 2016
Crowdfunding site Indiegogo has called time on a high-profile British project to create a retro handheld console.The US firm has told
backers of the Sinclair ZX Spectrum Vega+ that it is appointing a debt collection agency to recoup funds from the London-based company
behind the campaign.It said Retro Computers Ltd (RCL) had failed to meet the conditions it had set to be given more time.The
TheIndianSubcontinent has asked RCL to comment but has yet to get a response.But the firm's Twitter account has posted: "To be clear we
offered to demo the unit to Indiegogo's London-based representative and this is how they have reacted."Indiegogo, however, had demanded a
unit be couriered over to its offices so that it could carry out its own checks."The campaign owners have not met the requirements Indiegogo
sent last week," a spokesman for Indiegogo said in a statement."Our Trust Safety team is now continuing the process of sending this
campaign to collections in an effort to return funds to backers
"During this time, the campaign owners are still able to pursue fulfilment of the project and they are not prevented from shipping any units
US firm blocked it from accepting more funds in March 2017.In addition, RCL has claimed that "pre-orders" for the games machine have been
"selling fast" via its own website.The chairman of the company, Dr David Levy, told the TheIndianSubcontinent last week that he was
"determined to deliver" the handheld computer, and intended to send out the first units by 15 June.RCL had, however, previously missed
The company had originally pledged to deliver the console in the summer of 2016.Indiegogo had given three conditions for it to postpone a
the threat of intervention, which it had made in February.RCL had to courier over a final production unit by end of day Tuesday to prove its
existencethe firm had to refund any backer who no longer wanted to receive the consolethe company had to provide contact details for
representatives at the broadcaster Sky who supposedly were delaying the consoles being sent outSky does own some of the intellectual
property rights involved, since it owns Amstrad, which acquired Sinclair's marketing and merchandising rights in 1986.However, a spokeswoman
Dr Levy declined to provide an update when asked last week.A website campaigning for Sir Clive Sinclair - the original inventor of the ZX
Spectrum computers - to intervene has identified 106 backers who say they have requested refunds.It says that they have requested a total of
bring them to a close.Unlike bailiffs, such agencies cannot seize assets themselves
In past cases, some companies have simply opted to ignore them.When this has happened, the agencies have sometimes had to pursue legal
action on their clients' behalf.And only when they won have enforcement officers been appointed with the power to confiscate
property.Bearing in mind that backers neither have a stake in RCL nor have they bought something in the traditional sense - rather they
funded an endeavour - it is not clear how a judge would rule were Indiegogo to pursue this route, or even if the dispute would get to court
in the first place."This is a complex and difficult case," commented Peter Wallwork, chief executive of the Credit Services Association.He
added that even hen companies are forced to hand over funds, the effort required often involves "additional charges that would have to be
met by the debtor business", eating into the sums recovered.
