Quote from: spazzcat on May 14, 2014, 07:37:26 PM

Quote from: CommanderVenus on May 14, 2014, 07:32:34 PM

I think this group guy will warrant some positive feedback for waldohoover. How often does someone that sells mining equipment and shares stick to the "contract"?

We got what we agreed to. Also if waldohoover "broke contract" and returned 100% of the buy in, he would be expected to do that in every future group buy if a refund happens. Im sure people in past group buys that were refunded would come knocking too (if there was any).

That is the problem we did not get what we agreed too...

it is import to note this part:

"Since I would not be sending everyone USD- I would take everyones share (10K - 5% fee / 60 shares) and purchase BTC at the current rate and send it over to each shareholder."

Quote from: waldohoover on January 22, 2014, 05:39:32 PM

To all Neptune shareholders (Batch 1 and Batch 2):

There has been a lot of speculation regarding Neptunes in the KnCMiner thread- Long story short, it's looking like they may not hit a return, may be delivered late (not a rush job on KnCMiner, they have stated they will take their time to produce the Neptune) and on top of that may have trouble running in US households. I know I have my own datacenter but the speculation has been leaning towards an even more power hungry setup may be needed and at this point investing more into the setup here (31cents/kw) would not make sense. I have considered moving to a warehouse setup but again, not sure how cost effective that will be.

Now, I'm not saying we should back out (yet) but I wanted to get everyones opinions/feelings on the situation and go from there.

If we back out and go the refund route, that means they would have to wire 10K USD into my bank.

Since I would not be sending everyone USD- I would take everyones share (10K - 5% fee / 60 shares) and purchase BTC at the current rate and send it over to each shareholder.

I think refunds in BTC after the above had been completed would be around ~.2 per share (rough estimate!)

Again, I'm not saying we will go this route but I wanted to propose all options.

1. We continue to wait and hope for the best

2. We go the refund route

Please, everyone who has a share(s) voice your opinion, thanks!

He's left the thread because he can't deal with criticism, or answer any of the damning questions. I'd love to hear the response to that. I like how he conveniently paid out of pocket knowing the actual refund would be much much more. I think he thought maybe no one would notice? Con artist's do this all the time, but aren't as sloppy.

See: http://en.wikipedia.org/wiki/Confidence_trick

"Guys, your money is gone! But I'm going to work to get it back, trust me."
"Hey guys look, I got your money back! Minus my 5%, but you're happy right? Ok perfect!"

When in reality, the con artist might have taken more than the promised 5%, but no one would ever be the wiser.

Didn't Karpeles pull a similar move at MtGox?