It's a scam.
I lost money on this too. By saying he upgraded to Titans he can drag this out for months longer before vanishing. Plus they aren't even in the same price range are they? So how could he afford to upgrade to them and still compensate everyone who purchased a percentage.
He's provided no evidence of anything and hasn't even put the list together. Even if by some miracle he was legit and just lazy like that other dude said he was, the odds of this lazy guy actually distributing profits to everyone are near zero based on his terrible management skills so far.
Just one more loss for me in the Bitcoin universe.
Actually the Titans cost the exact same as the Neptunes so there is a possibility plus the ship date for titans is Q2/Q3 so eh maybe we will see something of this after all but don't get your hopes up.
And Titan is scrypt not sha-256
From KNC site:
Titan is our first scrypt mining product and will be shipping in Q2/Q3 of 2014.