I have funded 4 different projects. If one comes through I will be at about the cost of one lower at current prices. If more than one comes through I will be ahead of the game. Fealty Arms keeps sending regular email updates and Precision Arms is posting updates on their web sites. The other 2 projects are posting updates on the Rockethub page.

Time will tell. I think all of them basically have found out the timeline that was promised was not close to realistic or so there updates say. We will see.

Just received an email from Precision Arms MFG. My lower shipped Friday. Will update when I have it.

Got it. Looks very nice and well worth the wait.

Great! looks nice, I also never realized how perfect those priority mail boxes are for lowers.

Nice to see someone actually got there product from one of the Rockethub Campaigns.
I have sent money in to there second Campaign of Precision Arms and cant wait for mine to come in, I also did one of the 10/22 Lowers as well.

Came home today and my lower from Precision arms has arrived. Looks very nice. The only complaint is the billet lower that they did send has an integral trigger guard not the mil-spec one as shown in their picture. I am happy and can't complain for $25. Wish I ordered more. I might fund their newest project.

Sweet!

Update 08/07/2013:
- Added 2 more (both flagged)
- changed status on completed offers

Pebble Peak Update:



http://mad.ly/a2c3f3?pact=505313994530853043&fe=1

The so called CNC machine in the update does not look promising

Just got an email from Rockethub regarding Pebble Peak (the one I invested in.) The "conversations" page was getting pretty heated, and the Rockethub management stepped in.

http://mad.ly/a2c3f3?pact=505315324538756977&fe=1



Here's the "cnc milling machine"



For what it's worth I did a Tineye search and it doesn't appear the image is copied off the web.  However, it does NOT look like a machine that could mill 1000 lowers - at all, much less in a few months.

I've been a Aerospace engineer/programmer for 30 yrs. that's a drill press.
Maybe computer controlled but will not machine close tolerance parts.
I hope Art bough a milling machine also or were domed!!!

Maybe it's going to drill the holes

Machinist in training and Pebble Peak victim

I have a feeling Pebble Peak will come through but not for many months. That is a CNC drill press not a milling machine. Maybe he is using that for drilling the holes? I think this guy with PP was overwhelmed by the amount of orders and underestimated the process to set up shop.

Hmm... where are booketbab, Russ4777, oldsgm, 223Rem, or Simply Green?   It's time to eat some crow.

Congrats on getting one product from the several offerings.  I will hold off eating crow until the two projects I funded come through.

Crow shot w/ Turkish .410" upper on Rockethub 80% lower?  Delicious!

Getting wary about pebble peak. At least the machines shown by sierra nevada were proper c&c machines.

I have been watching these "Projects" now for some time and don't get how people throw money at it.

Last week just got this brand new machine installed.....

Being in the machining industry, I went cheap...I don't even know a word for what that drill press would be classified as in a machine shop...ok...it wouldn't be in one!

The money these "projects" are raising...I am thinking the participants are getting some sort of "short end of the stick" if that's what they are spending money on (ie.... a couple hundred dollar drill press that runs on a DOS computer).

As of this time, I think Northwest will be the next to deliver (after precision arms).  Pebble Peak is definitely looking the most "iffy" of the projects that I funded.

Oh..my...god...

Is there any way to get into this project?
Rockethub isn't accepting any more funding, and Pebblepeak says to go to rockethub

You may want to look into Precesion Arms, they have proven to be able to produce products, I personally threw $25 at Pebble Peak but it looks like it may be a very long time before I see anything.

From Precision Arms on Rockethub under "conversations":  

"AR15 and 10/22 Billet lowers are made of 6061 T6 the AR10 and 1911 is made from 7075 T6"

I paid $25 for my Precision Arms lower. I am ok with it being 6061 not 7075 aluminum. People use plastic lowers with good results do I am sure 6061 is more than capable.

I think the next Rocket Hub funding to ship will be Fealty Arms.Sierra Nevada has sent email updates so they may come through too. Pebble Peak I think will come through eventually but I think that guy bit off more than he could chew.

I think pebble peak got in way over their heads on this project as the amount funded was over 10 times over the goal but their set up doesnt seem to match the ten fold increase.

You have to remember most of these "outfits" if you can call them that....don't/didn't have the equipment to make what they think there was demand to make, thus why they went to a public funding model.

If they were a real company, they could easily write up a business plan, show projections and get money like every other business in the country from private investors or the bank.

My point is, do you really think they are going to invest the money they received if they don't have to? There is no incentive.

Look at the prices they are offering, they definitely cannot cover their costs as it sits, let alone try to add more overhead.

This all said, there may be a couple that have staying power.

They could have picked up a nice used machining center for the price of there 3 drill presses.

new finished lower pics from fealty but i can post pics from my loc.

I received a 10/22 non-anodized paperweight from Precision Arms last week. Sorry, no pictures to post.

Sierra nevada received their aluminum late last week. Looks like they might just come through. I have 4 lowers and a jig coming to me hopefully. If that comes through that'll be great for the $150 I put in. It'll still be a decent deal even if I lose the $105 I threw at pebble peak

Anybody have anything to say about The Gun Vault Co. one?
Ever order from them?   They seem more legit than some of the others ive seen
www.thegunvault.co

http://www.rockethub.com/29659

Sorry i suck at doin the fancy link things

-Majic

Pebble peak now claims they received their aluminum but had to send it back since it was not 7075. No eta on aluminum

So......has anyone actually received any product yet???  I'm guessing not.  A scam in the making.  Sorry for all of you that have forked out your hard earned cash.

I suppose you haven't read the posts from the past week or two

Not that it would matter much considering the "CNC machines" they bought.
If I had invested in Pebble I would just write it off. There is NO way a lower will come from that setup.
Most of that money got pocketed.

Which project was this one?  

Congratulations! A project you funded, AR15 & AR10 80 LOWER 80% LOWERS 1911 10/22 1022 AND AR10 JIG AR15 JIGS, has successfully closed. The project leader has been given your name, email address, and choice of goods.

My uncle forwarded me the email.

lukeduke this looks like an order from precision arms out of the tulsa area.  guys have posted photos of actual products from them in the mail.

i noticed these boxes from precision never have a stamped ink mark in the corner to show they were mailed?  have seen now 4 or 5 of such boxes none seem to have been processed...

I've put up an order with them.

I posted pictures of the lower I received from Precision. I just looked at my pictures again and I see what you mean about no post office cancelation marks. I already recycled the box so I can't check it. If you were closer I would be happy to offer to show it to you in person. If you want to see it via Skype or something I would to prove I really got it. I have no interest in any of these except I gambled and so far on one has come through.

Here is my scorecard:

Pebble Peak - 4 lowers funded -  Nothing received
Sierra Nevada - 1 lower and 1 jig funded -  nothing received
Fealty Arms - 1 lower funded - nothing received
Precision Arms- 1 lower funded - 1 lower received

I have gambled $275 on this in total. So far I have only received one lower. So unless someone else comes through I paid $275 for a lower. About double going rate. If one of the others actually comes through then I am even and if Pebble Peak actually ships something I am ahead of the game. Time will tell.

One thing I can tell you is with the Precision Arms lower I ordered the picture does not look like what I received. The lower in the picture is mil-spec. The one I received has integral trigger guard. It is nice looking and machining look very nice. For $25 I am very happy.

Edited...VA-gunnut
 

Edited...VA-gunnut

I turned my box over to show the name of the shipper, hand written. The other side shows my address on a printed label. Not going to post my address. But at the end of the day believe what you want.

but you can see how it looks to have a box without any postmarks?  There were aprox 3000 guys funding projects just from may till august and everyone is wondering if they will get a lower.  the ONLY 5 photos of boxes i have seen show no postmarking.  i think a dozen guys have posted on FB they got thier goods in this past 3 weeks but only 2 guys with photos somewhat negates the claims.  i think the guys with projects that can proove with a dozen or more photos from customers will immediately corner the market on this rockethub thing.  

i did not fund precision (yet) but have funded two others who seemed legitimate.  i am now nearly a grand invested into this project.  i knew it would be 30 to 60 days wait period but it now looks more like 90 days if they deliver.   i have actually messaged precision about walking in and getting an order in person.  they seem to be ok with it.  too bad i am 400 miles away (and have not ordered from them yet).

Update 08/23/2013
- Added 4 more
- changed status on completed offers
- 1 offer disappeared
- rearranged the order to reflect the Rockethub search

Thanks for maintaining this thread.  I hope we all get our lowers - or we will be further edumacated, either way, we'll be better off ; )

I own a decent sized company that makes 80% lowers from billet. I'm sorry to say you guys all got scammed. I just ran across the Sierra Nevada Arms things and just about peed my pants that these people raised $223,000. You all need to file a class action lawsuit.

I will tell you exactly why their offer is a scam. You can verify these numbers with anyone in the CNC manufacturing industry and they could verify it for you. I'm going to use VERY conservative numbers.

An AR-15 lower is about 1.5 x 4.5 x 8 in. That means if you are going to make a billet lower, you need to start out with a solid block of aluminum that size and machine the part out of it. 5 lbs of aluminum get scrapped. If you plug those numbers into an aluminum density calculator you arrive at  weight of about 6lbs. 7075 aluminum is no cheaper than $3 per lb. To get to that price you need to order about $80k worth at a time. Normal price is around $4.5 per lb.  So lets say $3 per lb x 6lbs needed to make a billet lower, which is $18 raw material cost.

Now we have broaching. Any half way decent magwell is broached, and it's very difficult to do. There are only a handful of companies in the country that do it. They charge between $5 and $9 per lower. Lets go with $5 for broaching to be conservative.

Now there's labor. It will take them between 30 to 60 min to make one lower depending on their machine, and well they can program it. If they're the best in the world, lets go with 30 min. If they pay someone minimum wage of $8 per hour to run that machine, 30 min is $4 in labor.

A decent CNC machine costs money. The type you would use to make a lower typically range from $40k to $150k. Our machine is $150k. When you use that machine, it depreciates, uses lots of power, wears out expensive tools, and needs maintenance. To be VERY conservative, lets just say they have a cheap machine and the machine costs $10 per hour to run. 30 min at $10 per hour = $5 machine running costs.

Where are we at now? $18 + $5 + $4 + $ 5 = $32. At the very minimum it costs them $32 to make a lower. 99.9999% chance it cost them significantly more than that, but let's just go with it.

So they are giving you 4 lowers in exchange for $100. That's $25 per lower. If you give them $2,200 you get 100 lowers. $22 per lower! Keep in mind Rocket Hub keeps 8% of any money they get. So really they get paid $20.24 per lower.

Bottom line: They get paid $20.24 per lower and it cost them more than $32 to make each lower. That means Sierra Nevada Arms loses $11.76 for every lower they ship you. Do you really think they are a charity donating free stuff to people? Who would be financing their massive losses? I promise you, you all got scammed by these people.

Interdasting. well if it is a scam atleast I only lost $100

What about the reports of products received?





eta Full disclosure...I am into Sierra for 1 receiver.  I think it was $35.00.  I hope it works out. If not, I won't like it but it's certainly not the first time I've been screwed over doing the gun thing.