Re: Alpha Technology Litecoin (Scrypt) ASIC Miner Order Batch 1 Now!
You were right s1gs3gv. The big announcement is shares in the company.
http://www.coindesk.com/alpha-technology-blames-paypal-dispute-bitcoin-asic-delivery-delay/
Smells pretty desperate if you ask me. Who the hell is going to buy Alpha's overpriced junk in September. They will have to massively increase hashrate and cut the price. A dividend share of £0= £0
http://www.coindesk.com/alpha-technology-blames-paypal-dispute-bitcoin-asic-delivery-delay/
Quote
Any future mining operations and any future batches we do, our customers will gain a share of the profits via dividend distributions, said Akram, promising further details of the deal soon.
Smells pretty desperate if you ask me. Who the hell is going to buy Alpha's overpriced junk in September. They will have to massively increase hashrate and cut the price. A dividend share of £0= £0
Yeah. Fiaz et Consortes Inc(ompetence) meet Dallas Byuers Club.
Again some MLM salesman tricks. Enough of this fugazi mumbo jumbo style. Just show the current plan with dates & milestones and update on them every single week. Show the documents from foundry that you have started 2nd tapeout - that's what you should begin with to proof that you are not creating new construct on another lie. Without this no one should give you a broken penny. Did you start 2nd tapeout already Fiaz? Show us agreement with foundry when they have promised you the chips delivery.
BWAAHAHAHHAAAAA!!!!! OMG!!!!
So THAT is the big announcement?!?!?!? They purged their forum of all threads and locked a thread so customers can vote if they want a share of the company if they hold out till Sept and don't sue their asses off? So its a swindle. Alpha Technology asks the customers to agree to new terms and conditions and to provide business names on their accounts and in turn the customers give up any consumer protections.
So what are you getting for a share of the profits?
An ASIC company that failed to make tape-out
An ASIC company that is in break of its original terms and conditions.
An ASIC company that is having lawsuits started against it.
An ASIC company in violation of Distance Selling Regulations.
An ASIC company with he majority of their assets frozen.
An ASIC company that cannot get a card processor to work with them.
This is getting worse than Hashfast. At least Hashfast pretended that everything is okay all the way to the day they filed bankruptcy. Alpha Tech is floundering and admits its floundering and won't survive and they need angels to come in and save them from extinction. My guess is that Alpha is begging them to take the offer. Probably passive aggressively alluding that they will tank the company and go int bankruptcy and no one will get anything and this is their only chance to get something.
I give Alpha 30 days before it shuts its doors. O wait those steel curtains have been shut the whole time huh?