I re-read your last comment, and it occurs to me that by BK you may mean Bankruptcy?
Even if that's not what you meant, it is relevant, so I'll address that as best as I can as well. Due to the nature of our incorporation, the status of our fundraising efforts, and the SECs rules related to both, I can only share so much. But I think this may help:
As of today, the business is completely debt-free other than these deposit obligations that we're discussing here. Meaning that under bankruptcy, those debts are priority. I've self-funded our efforts for the last 4 years from my own savings and income, and have not used personal debt to finance the business either. Everyone involved to date is currently compensated via equity contracts with zero-pay clauses if funding efforts fail. Again we are in an active funding round soliciting accredited investors. When this round closes, the obligations I just stated above change, but we'll be able to move forward with the formal protections you expect. These will be documented and disclosed to all of our reservation holders, and they will have the option to opt-in or out of those terms at that time.
Now that said, I do need to emphasize, we are a startup, we are building a costly product built on a variety of technologies, in a new and somewhat uncertain market. Your skepticism is absolutely appreciated, frankly, it's expected, and supported by the graveyard of other businesses that have attempted entry into battery solutions in EVs. Heck, just looking at Faraday Future can tell you that even a well-funded venture has risks.
But I would also like to emphasize that I'm passionate about building this business, and the feedback I've received from the community is that someone needs to fill this need and Nissan simply isn't doing enough. Electric vehicles have been on my mind ever since, as a kid, I watched the 70's oil crisis on the news and looked at my toys and wondered why "real cars" didn't just use batteries. The roots of my exploration of building an EV related business myself started 12 years ago when I was converting a 1969 Triumph Spitfire to electric and found aftermarket suppliers in the field horribly thin. It may just be words on a forum, but the business commitment to the refundability of the deposits is backed by my personal passion and integrity that I'm putting into this. I see everyone else's passion and am frankly amazed by everyone's willingness to contribute and help others, I see it daily in EV forums everywhere. Without our customers we have no business, they're putting their trust in us in the form of reservations currently, and that is something I take very seriously.