Hey guys,
I met with ragingazn628 yesterday and voiced everybody's serious concerns on all the KnCMiner group buy's behalf. So here's some of the key information I pulled out from the meeting:
1) I made him log onto his KnCminer account in front of me to prove that all the orders had been made, which he did. So now I can verify that all orders have been submitted, paid for and completed, all with the exception of the second Jupiter group buy which never materialized.
2) I have asked him to take a screenshot of that same order page that I saw and post it on here for you all.
3) He said he will be refunding all people from the second Jupiter group buy because it never reach completion.
He can't refund any of the other orders as of yet because all the money is sitting in KnCMiner's account and NOT HIS, so it's out of his control. Now unless KnCMiner agrees to refund ragingazn628 first, then all your shares are currently tied up by KnCminer at the moment and out of ragingazn628.
I have already been in contact with JohnK about this situation, as well as the group buy, and we're trying to get a conference call going with KnCMiner to discuss all our options.
The other thing that is complicating matters is that anybody who is filing a dispute via PayPal is actually hurting any chances of this getting resolved in a timely matter. PayPal can't do shit because the money is with KnCMiner's PP right now, not ragingazn628 PP account.So by filing a dispute you are actually delaying things even more and making things even harder for everybody involved working to get a resolution in the matter.
FYI, I'm also a shareholder in the first Saturn group buy so we're all in the same boat.