Quote from: Stuartuk on May 19, 2014, 09:35:42 PM

Quote from: tempestb on May 19, 2014, 09:09:00 PM

I'm pretty sure ZZ is thinking there is some advantages that Ken can take over the failings of Hashfast. I'm not sure what those would actually be, because Hashfast owes people orders/money. So Ken can't turn out replacement Hashfast boards if he hasn't been paid. And he can't afford to buy them and their debt out. Maybe he could sell to future orders, but I think getting into bed with Hashfast could be a huge mistake...

Ken said he has the potential to order 5,000 boards. HF have enough chips for sale that's clear but they are broke. For us to fab 5k boards would likely cost 500k USD (100usd each)? And to buy the chips would be another 1Mill (200usd each)?

Problem number 1 is we don't have 1.5 Mill usd (3,300 BTC)
Problem no 2 is no-one is buying from us even with some of the cheapest prices on the market.

We have no money left - we can only make these boards if BTC shoots up.
There will be plenty of companies making HF boards soon who DO have funds to invest right now (HF didn't just sell board plans to actm). There could be 20 HF board fabbers soon.

Problem 3 - even if Ken had the money to make lots of boards and put chips on them I think he would not be a success at it. He can't fix a website and sell some of the cheapest miners on the market that are IN STOCK right now. Ken ignored advice from the Advisory Board that would have had us all well off by now. He is too set in his own ways and doing things his own way to be a success at this game. The competition will be miles ahead of us right now as always.

I can assure you that the fabrication cost of boards is >$500 for runs under 1000 and may drop a bit for 5000, but you could never get to $100. Also, you cannot get your hands on chips for $200. That being said, if anyone happens to have bulk chips that they would like to sell for $200 each I would gladly buy lots of them.

Finally, Ken says on the one hand, "we have a production line up and running and tooled with parts... The project manager has set it up to do a 5,000 board run". Really? What assembly house that is worth a shit would set up a production line and sit there idle until "market demand dictates" that the time is right to start producing more boards. This is just total bullshit and I hope that anyone holding stock or is still thinking that this story line is possible will see this scam for what it is.

There is just no fucking way that what Ken has reported as fact is true. It almost seems like the guy is mentally fucked up to the point of delusion. I am really tired of people getting hosed by these incompetent scammers who seem to keep hanging on and bilking those who aren't knowledgable enough to see the blatant fraud here. Shameful.