Agree completely except for the walking away with money part. Doubt there was much left to walk away with.My wild guess is the investors were tired of pumping money in and not seeing return for 7 or 8 years and finally pulled the plug. That promoted the company to rush to production so they could have another source of cash inflow but the product wasn't even ready and they didn't even have a reliable contractor to manufacture the product. The presale was the company's last hope to keep the company running but obviously the cash was not enough to turn it around.
The way this ended is truly ugly. The company didn't even have the integrity to refund the customers who paid upfront. They didn't even announce the company was broke. I don't understand how some people could comfortably walk away with other people's money in the pocket knowing nothing was going to be delivered. Coming up with something like "overwhelming amount of orders" is just disgusting.