Quote from: buzzdave on August 13, 2013, 06:36:43 PM

Guys - Les received the boards today and ... they have a problem. The fab dropped 2 of our layers, producing a 2-layer PCB (no internal interconnects). We identified the problem immediately, got it fixed, and the fab is now expediting new PCBs on a 5-day turn. We are seeking to expedite each additional step this is going to take, but we *will* lose 3 - 5 days here (and 10's of thousands of $$$)

Steps we are taking:
-2-day turn verification rig in production now
-send a team member to China to in-person test this rig
-expedite all stages of PCB production, assembly & delivery

Since we will be right up against our retail delivery timeframe, we are going to have to use the boards for filling retail product. Due to this, Tytus has announced an increased hashrate supply to our investors of 200TH total, to be deployed in the next two months cumulatively (not all at once at the end).

We are as upset at the delay/fakap as you are I'm sure. This is one of the side affects of pushing such a fast track project, but we are making it right. Believe me we want this stuff hashing as much as anyone and we are pulling out all the stops to get it done.

The pico status report can be seen here: https://picostocks.com/docs/index/19

Dave,

As much as this is bad news, I appreciate the notification to the market. You are much more on the ball than tytus was, and I don't say that to berate him but to commend you.

Can we expect tytus to dump shares to the market now that there's bad news, like has happened the previous times? As always, I would appreciate the market being allowed to decide whether the bad news is compensated by the increased hashrate, if you don't mind.

.b