“I haven’t posted anything for a few days and I wanted to provide a brief update. We don’t have a signed agreement yet, but the framework has been established and we received an important set of documents last night. With Christmas just 9 days away and many people leaving offices early we are working through the weekend as we have for the past month to finally deliver the news of when shops will be reopening.
This week has been a frustrating week for everyone involved and I feel things got out of hand on social media. This has been an interesting transaction from the beginning to say the least. I felt there was a need to communicate with the community 2 weeks ago when the MOU was agreed to and even before, but typically the entire deal would have been agreed to prior to an announcement. I wish we would have been able to do that and if we had, I think the shops would have already started opening back up. I appreciate all of the feedback each of you have provided and the open communication will resume, but at this time we need to focus on completing the transaction.
Thank you for your patience as we work to reopen Tech Shop.”
Doug Busch commented, Doug is an independent Director on the board of TechShop, Inc., and one of the earliest and larger individual investors (and posted the MOU PDF), so it appears there is some movement on something now.
My guess is that is if a sale happens, more documentation, transparency, and due diligence is now happening, more past debts and monies owed to contractors and staff, more likely.
Adafruit publishes a wide range of writing and video content, including interviews and reporting on the maker market and the wider technology world. Our standards page is intended as a guide to best practices that Adafruit uses, as well as an outline of the ethical standards Adafruit aspires to. While Adafruit is not an independent journalistic institution, Adafruit strives to be a fair, informative, and positive voice within the community – check it out here: adafruit.com/editorialstandards
Stop breadboarding and soldering – start making immediately! Adafruit’s Circuit Playground is jam-packed with LEDs, sensors, buttons, alligator clip pads and more. Build projects with Circuit Playground in a few minutes with the drag-and-drop MakeCode programming site, learn computer science using the CS Discoveries class on code.org, jump into CircuitPython to learn Python and hardware together, TinyGO, or even use the Arduino IDE. Circuit Playground Express is the newest and best Circuit Playground board, with support for CircuitPython, MakeCode, and Arduino. It has a powerful processor, 10 NeoPixels, mini speaker, InfraRed receive and transmit, two buttons, a switch, 14 alligator clip pads, and lots of sensors: capacitive touch, IR proximity, temperature, light, motion and sound. A whole wide world of electronics and coding is waiting for you, and it fits in the palm of your hand.
Have an amazing project to share? The Electronics Show and Tell is every Wednesday at 7pm ET! To join, head over to YouTube and check out the show’s live chat – we’ll post the link there.