They will not ship what they have already started mining. Simple as that... refunds will be converted as slowly as possible to cloud. That way the Ponzi scheme never collapses as the mining they are doing with the units props up the whole thing. Rinse and repeat scenario with the 65nm. Where did all the chips go? How many board versions now? O now... 15 revisions? I can only imagine where those chips are currently... and how they are hashing happy thanks to Luke Jr since what December 2013?