Quote from: Syke on April 06, 2014, 03:52:38 PM

Quote from: Phinnaeus Gage on April 06, 2014, 07:04:07 AM

To put this reply in perspective, the mortgages weren't taken out to start/finance AMT, but rather taken out quite recently to keep AMT afloat per Joshua Zipkin's own words.

So, they're bankrupt? They spent all the pre-order funds, and more, and still haven't produced the miners that were sold. That means they're selling every miner at a loss. Not a very good business plan.

I'm surprised they still have the money that'll pay for shipping out the miners, let alone employees that are not getting paid minimum wage, thus payroll has to be near $5K USD a week, not counting matching the social security that's required to be deducted and any health insurance premiums that may also need paying. Oh, I forgot that an accountant would have to be paid to keep track of all the myriad expenses come tax time in nine days.

Remember, AMT IS an American company, thus must play by American rules, one of which is that taxes are accessed, thus proper bookkeeping MUST be kept. Speaking of such, I wonder how AMT is planning on documenting the miner they kindly gave me on their tax report sans any receipts. Surely, it's a write off that'll lower their liability unless, of course, Joshua Zipkin doesn't plan on paying any taxes. Recall, he's on record in stating on how to avoid VAT and pay assemblers under the table. Remember Al Capone?

I have a feeling that Josh Zipkin of Haverford, PA, is NOT going to get this lucky:

Al Capone's cell at the Eastern State Penitentiary, Philadelphia, PA