Zano says it’s sorry for throwing away $3.5 million in crowdfunding

Following our statement on 18th November, this is an update on the course of the project and the usage of the funds during the ZANO project. Firstly, the board of directors would like to apologise for the lack of communication from the team following the last statement. We find ourselves in the position of having never pursued voluntary liquidation prior to the events of recent weeks, meaning that we have had to operate with caution to ensure that we have undertaken the correct procedural steps to wind up the company and are doing so with the best intentions. The pie chart below is a basic representation of the allocation of the funds utilised during the project in 2015. The figures presented are derived from our currently unaudited company accounts. We strongly refute any allegations made that may suggest that the board of directors have misappropriated any funds. We have received first contact from Trading Standards within Pembrokeshire County Council and will co-operate fully.