Quote from: wunch on February 10, 2014, 12:07:44 PM

Quote from: raskul on February 10, 2014, 10:30:50 AM

Quote from: blackarrow on February 10, 2014, 09:15:51 AM

Quote from: goozman96 on February 10, 2014, 06:03:29 AM

I remember post after post about how you guys would not be affected by the CNY, care to comment why "most of the staff" had off when you previously said it wouldn't affect you guys?

Also since a yes or no answer was never given, will minersource be giving refunds, yes or no?

Minersource cannot issue refunds as they have paid us for your miners.

We're currently making a list with the refund requests to see if we can refund from our margin. Note that our margin is quite low as we have charged our customers $4000 on a miner while others have charged $16000 on the same hardware during the same period.

As we've announced, we've put the ASICs into production and they've been paid in full. Canceling the ASIC now is not possible as we will incur around 85 to 95% penalty so we're left in refunding only from our margin.

WHICH CONTRAVENES THE LAW IN MANY COUNTRIES. I AM IN THE UK AND THE LAW STATES THAT IF I HAVE NOT RECEIVED A PRODUCT AND WISH TO CANCEL, I CAN DO SO. ANY COMPANY REFUSING MY RIGHT TO REFUND IS ACTING AGAINST TRADING STANDARD LAWS.

Which only applies to UK companies and not ones based elsewhere

they already broke Chinese law by taking pre-orders from individuals;

Foreign-Invested Enterprises (FIEs):
China permits only four types of FIEs -- equity joint ventures (EJVs), cooperative (contractual) joint ventures (CJVs), wholly foreign-owned enterprises (WFOEs), and foreign-invested joint stock companies. A complicated set of rules exempts selected FIEs from some Customs duties and VAT. Companies should consult the relevant regulations.

Customs Contact Information

Beijing:
General Administration of Customs
Foreign Affairs Division
6 Jianguomenwai DaJie
Tel: 86-10-6519-5263 or 6519-5246
Fax: 86-10-6519-5394
Website: http: // www.customs.gov.cn

regards,

R