Epic LT

"Flyingmonk" wrote in message
oups.com...
I thought I remember the article saying that they are going through
certification or has gone through certification. I'll dig it up
tomorrow. If they need money, I'll buy a few shares. I bet many
others will also, I think they have a very good product.

Bryan "The Monk" Chaisone


Lots of companies plan to certify their aircraft, but it is a very expensive
and time consuming process. Ask the folks at Eclipse or the folks who have
the push me pull you twin and a jet version of the same airframe. Unless
you're very well funded, certification is a huge barrier to entering the GA
market.

My thoughts are that Epic planned to use the cash generated by kit sales to
fund certification. Unfortunately for them, that isn't going to happen. Not
only does that hurt their cashflow, it has to make investors scratch their
heads and wonder "If they screwed up the kit business this bad, can they
succeed in the certified market?" My guess is they don't have a lot of
investors beating down the doors these days.

In addition, they probably have to worry about their 4 or 5 customers (the
ones who spent a million bucks on the Epic kit) suing them for failing to
keep their promises regarding the finished kits being certifiable as
Experimental/Amateur Built. If MY million bucks was sitting in Epic's shop
and it was obvious that it would never leave the ground due to certification
issues, I'd be all over them to recover my $...

KB