Quote from: puck2 on January 19, 2013, 09:17:42 PM

Quote

Dear Friends, Lovers, and Enemies,

First off. Sorry for the scare. and believe me it was a SCARE - we had to refund over 200k and we were happy to do it because we claimed from day one that we will honor any refund request until we go into production and we meant it. And As crazy as fuck as it is to say so , we will sill honor it. We took multiple 20k+ refunds left and right without batting and eye lash because we believe in this project and we know we will be releasing our bASIC Bitcoin mining units sooner than everyone else, especially our good friends BFL.

Love us or hate us, I have some good friends who are original Bitcoin "old money" and they gave us the additional funding we need to finish the chip fab / packaging and take this thing into production. (THANK GOD!)

we WILL be shipping bASIC bitcoin mining devices in March 2013 and I am willing to put my own money against anyone who says otherwise.

The Design is done baby. The chips will be state-side as soon as Chinese New Year is over and for those who could not stomach the wait I don't blame you but I'm sorry to say you lost you place in line my friends.

March may seem a long time away as we all have ASIC blue balls right now, but its really not that far away, and I salute and congratulate all of you who have had the testicular fortitude to stick it out with us because you my friends will receive the ultimate reward. Sure Avalon may get some units out before the Chinese new year but that is sure to be a very limited number. On the other hand our assembly house has an unlimited assembly capacity and as soon as the Chinese new year ends we will have 16,000 freshly fabbed and packaged ASIC chips and we will be assembling those PCB's at FULL CAPACITY !We will be shipping ALL CURRENT ORDERS IN THE MONTH OF MARCH AND WE STILL HAVE ROOM FOR MORE ORDERS SO Get IN WHILE YOU STILL CAN! I stake my personal name and word on that. So hold on tight my friends because its going to be a wild ride in the month of March.

Now Let's Get ready to mine some serious coins
your friend always "cablepair"
Tom

https://www.btcfpga.com/forum/index.php?topic=1045.0

This hints it is a scam.......
16,000 at 16 chips per device = 1,000 devices
"We will be shipping ALL CURRENT ORDERS IN THE MONTH OF MARCH AND WE STILL HAVE ROOM FOR MORE ORDERS SO Get IN WHILE YOU STILL CAN!"
So current orders are less than 1,000 devices?
and they issued 200k in refunds, <200 people? which indicates their total orders before refund was less than 1,000

OR 16k is an random number that has been plucked from the ether, or maybe its a 'rollover' where the new money is used to pay the more vocal & established bit coin members.. Since only a complete noob is going to place a new order.

And to top it off... the guy who himself clearly stated the project was "beyond his capability" is now FIRMLY BACK IN CHARGE riding a new euphoria high......