Did the Creators of a $1M Kickstarter Botch Production or Blow the Cash on Mojitos?

From Observer, “In January of 2013, a company called Central Standard Time launched a $200,000 Kickstarter campaign for CST-01, a sleek and minimal stainless steel wristwatch that is only 0.80 mm thick, making it the thinnest watch ever made. The watch (note: not a smartwatch) was an instant hit, and by campaign’s end, the creators had rounded up over $1 million in funding and more than 7,500 ecstatic backers.

It’s now been more than two years since the watches should’ve shipped, but backers are confused, skeptical, furious and above all, watch-less. Even the earliest supporters haven’t received theirs, yet the money is supposedly gone, and with it, the faith of the once incredibly loyal backers. Those who once accepted the barrage of delays and excuses and even offered to invest more money to help with production have jumped ship. The campaign page is flooded with demands for answers and refunds, and some backers are accusing the two founders of running off to blow the cash on poolside mojitos while others are even looking at the possibility of a lawsuit.

Without concrete evidence, it’s possible that Central Standard Timing is a scam.”

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