Even if nobody asked for a refund, we would still have been left with about $125,000 worth of useless components (read point 4 above). But with about half of our customers asking for a refund, we would be stuck with another $350,000 worth of inventory that we couldn't have sold for more than $150,000, putting us under red for over $300,000. I am sorry, but I am not running a charity. It made much more sense to ask for a refund from Yifu and pay back as much as possible, without going into debt.
Yifu refund of (4) Groups would be
BTC3120 - ~$396,000
(Coinbase Price is ~$127/BTC)
+ $150,000 max for selling all of the components
= $519,000 (I am assuming this is the 50% that you can refund) so there would have had to be ~$1,000,000 of pre-orders taken.
+ Since 20-25% of each order was "Profit", so it should be able to be refunded - ($200,000 - $250,000)
Also 20-25% was our average profit per order. So even with option 'b', we are willing to make 0 profit from this whole Avalon saga, just for the sake our next project and to maintain long-term credibility for our company.
= ~$750,000 should be available for refund in USD or BTC (I don't have a preference which one it is)
So with all of that, 50% is the best that can be done for all customers? It's hard to believe right now. If anyone sees anything wrong with these numbers please let me know.
I think we should get a gang of guys and get some weapons make a visit to his location in the night and seriously force that amir to refund every penny he has - now that we know his address...
This is highly inappropriate to say or suggest.