Quote from: jelin1984 on January 28, 2015, 09:38:21 AM

biggest lost is titan batch 2

they did not shipped yet
and maybe not shipped Sad

True, i also ordered one Titan - at the beginning of June 2014 (!!!). Now is February 2015. The delivery time is like with Butterflylabs. Untrustworthy.
But while Butterflylabs didn't promise delivery times, KNC did. They wrote the batch 2, would be 1 month after batch 1.

So they are worse than Butterflylabs, cause they're also not keeping to their contract. This is a legal issue. Everyone not having received one Titan batch 2, within 1 month after batch 1 is eligible for legal action against KNC. Lawyers have easy play with contracts not being kept. With a contract there's not much arguing.

But i'm afraid it won't help, that the contract hasn't been kept. Since they invested big in mining, i think they had to take debts to finance them. And since the bitcoin prices fell those investments are worth to null. Now, if they order a new batch, and need to pay for it they would have to take more debs, and if the bank refuses, they can't.
When they run out of paying their employees salaries they will file for bankruptcy and say, they couldn't have seen it any earlier. If they do that, remember my post then.

All we will have from Titan batch #2 orders is a claim in the bankruptcy proceedings.