The chip design is almost complete. We're starting sales now because we're at the point where we the calendar of remaining items is fairly fixed, and we're confident we can deliver.
So confident in your schedule that you'll offer refunds in
October,
November,
December, January 2014? That's not very confident at all!
well, step back and think about it. all they're asking you to do is tie up your BTC's for 4.5 mo. if they don't deliver get a refund. that's not bad at all considering what they're developing, the full results of which have not been disclosed yet.