Just to throw this out there, the original post on Reddit where I first heard about this opportunity contains the following text about refunds:
At the current exchange rate, Waldo stands to make quite a bit from this failed deal from the KnC refunds. The original text does not specify what amount of our investment we'd get back minus 5%. If I bought two shares, I'd expect to get back two *shares* of the amount refunded from KnC (minus the 5% for Waldo). I'm interested in what's going to happen with all the extra BTC after the USD conversion if we just get our original amount back minus the 5%.
I do appreciate the opportunity to participate in this venture and I thank Waldo for organizing it.
Quote
- I (DidHeJust) take no responsibility for the possibility that KNC Miner does not deliver the Neptune miner(s). I (DidHeJust) have done what I consider a thorough due diligence but as we all know, you can never 100% guarantee anything when it comes to pre-orders.
- Refunds will be given in case of non-delivery less 5% for management of the Group Buy.
- This group buy will be refunded (Once refunded from KnCMiner) after Mar 1, 2014 if KNC Neptune is not delivered- share holders can elect to wait further.
At the current exchange rate, Waldo stands to make quite a bit from this failed deal from the KnC refunds. The original text does not specify what amount of our investment we'd get back minus 5%. If I bought two shares, I'd expect to get back two *shares* of the amount refunded from KnC (minus the 5% for Waldo). I'm interested in what's going to happen with all the extra BTC after the USD conversion if we just get our original amount back minus the 5%.
I do appreciate the opportunity to participate in this venture and I thank Waldo for organizing it.
Does anyone have an idea of when KnC was scheduled to send the refunds out? My only hope is that he's waiting to have some solid numbers before getting back to us. 
I like you. You seem to be very calm and have a level head about this. Id like to hear your thoughts on recent conversation going on in the last page of the group buy thread.https://bitcointalk.org/index.php?topic=347907.200