Still in, no point in getting dinged the restocking fee, along with current btc value now compared to end of 2013.
You are assuming they are refunding on a BTC value at order time basis not a $ value at order time basis, i've been trying to get an answer out of bobsag for weeks on that!! Sent 3 PMs (IGNORED) and raised the quesion of forum several times (IGNORED).
Personally, i've got invoices that show $ value (even though I paid with BTC) so would expect any refunds to be at the $ value.
Refunds so far (from what I have read, from what bob has said and from my own experience) have been in BTC. I received the exact BTC value that I paid for my shares back.
this has been the case.
so if you purchased with btc at 1000 usd value asking for a refund is not a good idea. I made 12 shares across 7 orders at various btc price points. I cashed in 7 shares and was refunded pretty quickly as most of my shares were purchased at about 750 usd a btc. I held back the 5 highest shares purchased over 1000 usd a btc as I would have had a bigger fiat loss cashing those 5 shares in.
If thats true bobsag is profiting from the difference (as BA orders charged in $, paid in BTC and instantly converted to $ on payment). I hate to sound cynical, but it's no wonder he's doing the BTC refunds "out of his own pocket initially" as he described earlier. If he's getting $ value refunds out of BA later! For some of those orders that could represent 40-50% profit, which would mean he could actually not cancel a lot of the orders with BA, keep the mining capacity (+late bonus capacity) and still not be out any cash!
If you were not being so unresponsive bobsag, I wouldn't be so cynical about whats really going down here! It's certainly not transparent to the 'members' of the cooperative.
This all brings back into focus the conflict of interest between you being a coop organiser and being a BA reseller.