Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
Phoenix1969
on 07/07/2014, 01:16:48 UTC
so they actually have another week before they were supposed to start shipping batch one customers if you account for the promised two week delay between batches.

But then there was that promised Q2 delivery of batch 1 to consider

They should have shipped EVERYTHING ordered before February 2014 in Q2. Anything less is fraud/deception/misrepresentation/lies/false advertising etc...

Just to remind some people, I reported KNC were running this banner on google in February:

KnCMiner 3+ TH/s Bitcoin - kncminer.com‎
Ad www.kncminer.com/bitcoin/miner‎
Neptune Miner Pre-order for $9,995Shipment begins in Q2 of 2014

So every order they took b4 February *has* to ship before Q2 ends, right?

You can't start shipping batch 3 until you've finished shipping batch 0/1/2 right? So if you are going to start shipping Batch 3 in Q2, then shipping on all previous batches have to be completed already in Q2? Otherwise that would be like total fraud and misselling.
Haaha, omg...
"Q" stands for "Quarter", and a year has 12 months.
Q1= Jan, Feb, March
Q2 = April, May, June
Q3 = July, Aug, Sept
Q4 = Oct, Nov, Dec
When they shipped a single machine on June 30th, Shipment indeed began in Q2, just as promised. They did not promise that "all" of any batch would be shipped before then. Key word being "begins" in the phrase "Shipment begins in Q2 of 2014".
Same, exact situation as when the first Jupiter shipped on the last possible day to fulfill the statement.
I don't know where you got the idea everything promised to begin shipping in Q2 was supposed to ship before February, but.... You are wrong.

Since a few of B1 machines were also shipped June 30th, that promise of "beginning" shipment in Q2 was also fufilled