Post
Topic
Board Mining speculation
Re: Buying BFL debt. $0.10 per dollar owed.
by
FloridaBear
on 22/04/2013, 12:36:58 UTC

You just don't seem to understand and I really am not the type to mock people as its not in my nature in real life. I know most customers of BFL have no idea of their past dealings as I was one of them. BFL has lied over so many issues that I personally have witnessed that in my good conscience can never allow my money to reach them. I refuse to support them in anyway.

You seem happy with them and I wish you luck. However if you offer more money you always get what you need.

Never hate people that try to warn others. Always listen and make your own mind.


It is obvious that there have been some very blatant lies coming out of BFL. That the device was in for FCC certification (when they clearly didn't have a device, or even a prototype, or even a chip) comes to mind. That they would be shipping "next week" when the same was clearly true (no chip, no prototype). It's not just a case of "being wrong," in the case of the timelines as Josh insists, it's a case of willful deceipt. Big difference.

I have no skin in this game, but assurances from BFL that customer preorder funds are in escrow would go a long way toward restoring some trust (however, with the lies that have already come from BFL, even that may not help that much). In the case of a bankruptcy, all preorders should be refunded. There's no guarantee of that unless they are in escrow. Customers who preorder are not investors--their money is for product, not product development!

BFL has been stringing their customers along for 8 months by willfully deceiving them about the delivery timeline in order to avoid a landslide of refund requests. I fear for the solvency of BFL and the millions of dollars in customer preorders.