I find that hard to believe+ fact that there were no reasons supplied. BFL had the mighty "clock buffers", HashFast had "lack of substrate", but VMC has nothing. Yes i should trust this company.
Since you are looking for their excuse here it is.
https://bitcointalk.org/index.php?topic=297543.msg3782916#msg3782916Intellihash(tm)
Intellihash is our new trademark for our new Bitcoin mining software which gives up to a 20% increase in hashing speed and has the possibility to increase the speed of our mining machines as the difficulty goes up. We have had to modify the software in our chips to make it work with our new software. The chips are going to be late; however, our new Intellihash software could be a game changer for the company.
Don't ask me what Intellihash is, what "modify the software in our chips" means, I don't know nor do I care. I'm simply correcting you like usual.
I don't know if you are aware of the Danone practices on the market. They have patented a very popular bacterium found in large intestines of most mammals and they named it "Bifidus Actiregularis". It seems that you (an investor) and nobody else is aware what "Intellihash" is or what it represents. I don't see why it can't be something like in Danone's case. From what i read on the forum making a SHA-256 ASIC chip is really really easy, doable by someone in college. Also considering that they are the only company with the trademark for...actually i don't even know what is it for. Mining software in the chips???(wtf is that. i thought chips are only hardware) or simple bitcoin mining software? If is it for the software then why delay the chips? If it's for the chips then what can you trademark there?