From my understanding, each miner was paid for separately. It wasn't like they were paid all at once on August 20th, so you're completely off with assuming that much. Ragin logged into his PayPal in front of me and I did actually see, with my own eyes, completed payments in June to "Kennemar & Cole AB" (aka "KncMiner"). Now if you refer back to the screenshot, you will see that now all were paid by BitPay, the first five were done via PayPal. The first two Saturns were ordered on June 13th, the third and fourth on June 14th and the fifth Saturn on June 17th. So right now, I can only speak for the machines paid for by PayPal because I witnessed the transaction confirmation first hand. I can't say the same for the ones paid by BitPay.
So I apologize to the group that I wasn't able to get more information about the BitPay situation, but I will. The plan right now is to refund each machine sequentially, starting with Saturn #1 and working up from there. But I'm still actively trying to work with JohnK to get more information about how that all the BitPay paymnts went down. Regardless, KncMiner will be able to shed more light about that tomorrow. Daniel, you are more than welcome to join us. So once we all figure that out, we can figure out how to unravel it and get the payments back to people.
Physalis you obviously have never dealt with PayPal's risk dept or their security personnel. Once you're account is frozen, it can take up to 180 days for them to unfreeze it! I can assure you that it's happened before and it can happen again. Here's it is in their TOS:
http://bit.ly/14DEwcdThanks for the information.
About paypal: Believe me, I know how much of a pain in the ass they can be, in many aspects. But my point was that it shouldn't be necessary to get that account free/unlocked to do the refund. There should be no money on that paypal account that concerns us right now anyway, all the money should be at KnC already. So if they return the money, they can just return it to a different account (i.e. your's).
At the very least for the miners that were payed via bitpay, because they had absolutely nothing to do with Paypal. So even with the locked PP account, you can get the refund from KnC and start buying BTC back, before BTC price starts going up again. Then you can already pay back all the people that have payed in BTC.
Yeah, this is what I don't get. According to prodigits, all the money is at KNC...