Q. What was delivered?
A. No Miners were delivered, he made no such statements about miners being delivered, and it was simply products which he didn't disclose to me.
https://bitcointalk.org/index.php?topic=297543.msg3782916We have this last week shipped our first products to customers.
If true, that is intentionally misleading information. Ken has been asked about it time and again so there are no excuses. You cannot blame this on people reading too much into it, or poor communication.
It's 'properly' illegal, not an understandable grey area like the shares, Belize company and so on like crumbs used to barf on about. This is exactly the sort of thing the SEC are concerned with because it's potentially securities fraud on top of all the grey stuff.
Even if the company are on the right path now, the above just put them in serious trouble in my book. If I were still a shareholder, this would be with my lawyer and the SEC given everything else and that they apparently still have plenty of cash.
I am so disappointed. Ken, why did you not just come clean? Non delivery happens, people would moan but deal with it. You can't mislead investors or buyers this way.
Agreed. We're gonna find out about it eventually. Just communicate properly the first time. Right now we're worrying about RTL and shares and stuff, all problems from 2013, who knows what new problems have arisen in 2014. There is a loop Ken, keep us in it.