LGS6753,
You are right , in many respects. Entrepreneurs can have a wild ride balancing the progression of a business plan, against offered by not committed funds. However, ETHICAL Entrepreneurs will ensure they are careful not to risk anyone elses livlihood in their own drive towards successful completion.
What NOW should have done is sent everyone they wanted to come and work for them a letter explaining exactly where the process was and the risks involved when they were sending out contracts. Then, individuals could make their own mind up about how much risk they wanted to take for the potential reward of being an integral part of a start-up operation. I would think there might even be a case for misrepresentation here, if any ex employee wanted to pursue it. It is against the law to trade while insolvent, and the issuing of contracts of employment is considered trading.
FLYMATE
I am sorry for what happened to you. Any company would be proud to have such enthusiastic supporter as part of it's team.
Please, though, don't believe that anything that takes place on this board would be considered by Investors as grounds to support ( or otherwise) a new airline project. The due diligence process for capital investment is extensive and exhaustive, involving industry experts, banks, market analysts and even business psychologists.
The opinions, rantings or posturing of anonymous contributors on a web based forum don't carry much clout in the real world.
Hope you get sorted with a job soon.