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I don't think you know what a ponzi scheme is.
If you're suggesting that it's vaporware and that they're failing to deliver the product you paid for, then that's one thing.
But since none of the customers are getting any returns from anything they may have paid, it's not a ponzi scheme.
They do keep displaying them and going to shows so I'm guessing they're just delayed like any overly optimistic small business is prone to.
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You are correct I am mistaken .
However HMG has been creative with the truth over the intervening years and have flat out lied n other occasions.
One of the latest delays was magazine manufacturer delays , but they are on video form several years ago stating "We make them in house".
The statements of will be ready to ship fall 2015 was clearly a lie as the gun was no where ready technically.
The same old guns are seen in pictures yet never more than a handful at a time.
How close are they to release!? Well there have been multiple release dates since 2015 it's 2018 now and there is still not a single review of a pre production firing let alone finished gun.
If you are feeling generous you can say but it's a difficult project reengineering a 70 year old design. HMG made multiple false claims as to the progress of their project leaving customers waiting with no end in sight.