Quote from: EnJoyThis on April 14, 2014, 08:18:49 PM

Quote from: MWNinja on April 14, 2014, 06:44:39 PM

Lawyers have erased any profit I would have made on this whole venture so far; I'm trying to make lemonade out of the lemons and take care of you guys as best I can. Bitcoin getting pumped back to $1000 would help. I'm open to suggestions as well; the reality is the overall situation for Groups 1-4 right now is pretty bleak.

Please elaborate on the issue regarding the lawyers?

Weren't all units placed in a datacenter where one of the ninja guys work?

What is the potential exposure to us as 'shareholders' and ofcourse our mining equipment?

I can't really give too many details, as the lawyers are working on it and I don't want to compromise their efforts. They terminated my partner's employment at the data center; he's got a wife and 3 kids and is struggling to make end meet while we are getting ready to launch our cloud company. This project pretty well destroyed his normal life, but he remains committed to building our world class miner colocation business.
We hope to have some more answers this week, but legal doesn't move at the same pace as BTC.

Michael (my partner) could use your donations and generosity: 1EHRAYFFtRajfAoTXuJzFTAbjBwfxrf5vP

None of this matters to you as hardware owners, our commitment to you remains the same. We're offering the btc equivalent of any hardware that we can't deliver due to the issue. The equipment continues to operate and all the bills have been paid, so this has no effect as long as the group buys remain solvent (another pending problem, lol). Bitcoin is heading up and the Franken-Jups are on their way....