I'm assuming they meant 11/18.  It's commendable that they are (hopefully) going to refund people's money.  I have a few things to say.

First, there's no mention on the website or lease that they are selling the leases to another company.  I was never informed of that, which all customers obviously should have been.  In my communication with Rowan, he indicated Leasebit were the ones setting up the miners.  I have to assume he started telling people there was a secondary company handling it because we were all asking for pictures of our miners and he couldn't produce them.

Secondly, my miners are consecutively numbered in the 800s, and I have talked to people who's miners are in the high 8,000s.  I don't know how they decide what number to give the miners, but assuming they are doing it sequentially, it's obvious there was no chance this was ever going to happen.  ~9000 1.25THash/s miners would equal more than twice the current hash rate of the entire bitcoin network.  It would also require ~27,000 individual ASIC chips.  There's no way they had access to anywhere near that number.  Also, if they really had ~9000 leases, they would have collected over $1.25 million dollars. All of that seems extremely improbable, if not impossible.

Third, if these miners actually existed in the first place he should offer leaseholders a portion of the bitcoins they mined.  My miners should have produced over 100 bitcoins at this point.  He obviously won't/can't do that because the miners never actually existed in the first place.

I have not received this letter yet, but I'll be asking for a refund.  It's my opinion that he didn't expect anyone to actually follow through with going after him legally/criminally, and he came to his senses and realized this is something that he would never be able to get away with.  Once I receive my refund, I'll remove all of my negative postings about this guy.