Look, any business you start that has a chance of actually making is needs seed capital and/or customers. 5000 EUR is failure capital. No customers is just failure.
You have no money, you don't pay engineers, you don't have a product.
Show me the money and I'll revise my assumption of FAIL.
What do you mean by 5000EUR is failure capital?
How do you run a business for more than a year with, allegedly a full (yet small) team, have no business that's been declared since late 2011 and only 5000 EUR in capital.
Answer: you don't.
How do they live, how will they pay ORSoc for the "alleged" work?
It looks either scammy or like another failure waiting to happen.
Don't take me wrong, I wish them all the best if they're legit, but if they are, they're more setup for failure than success.
I didn't know this. I didn't know that their sperate business had not filed anything. I assumed you meant 5,000EUR as the price for the miner and not capital within that other entity.
I presume you speak Swedish to be able to determine this? Could you drop them an email and query?
No need to speak Swedish, it's public record and available immediately in English, direct from the State.
http://www.bolagsverket.se/en/us/about/e-services/foretagsfakta (NB: official documents are not free)
Their company ID is 556880-5823. No annual report submitted to the Swedish Companies Registration Office as of May 9, 2013.
Excerpt from the Certificate of Registration pdf:
(...)
"No annual reports have been submitted to the Swedish Companies
Registration Office
SECONDARY NAMES
Kncminer
DATE OF REGISTRATION OF CURRENT AND PREVIOUS COMPANY NAMES
2012-01-13 Kennemar & Cole AB
**** The above information is an extract from the Trade and Industry
Register Bolagsverket, the Swedish Companies Registration Office ****
Bolagsverket
851 81 Sundsvall
060 18 40 00
bolagsverket@bolagsverket.sewww.bolagsverket.se"
The company was created 2011-12-13 and registered 2012-01-13.