Post
Topic
Board Mining (Altcoins)
Re: Alpha Technology Litecoin (Scrypt) ASIC Miner Order Batch 1 Now!
by
s1gs3gv
on 22/09/2014, 14:01:25 UTC
From the Alpha-T forums : apparently some Alpha-T customers received this email today:

Quote
Hello,

 Whilst you are passed our refund period we are able to refund you your full 30% deposit as a gesture of goodwill. Please understand this has been no small undertaking and the vast majority of the funds have now gone into the production of these devices and to expect anything higher this late in the process is not realistic as the funds simply aren't there.

 If you paid via a bank transfer/bitcoin please provide your bank details if you agree to this full and final settlement and if you paid via PayPal simply confirm you agree to this full and final settlement. For an international bank we will need an IBAN and/or an account number, a swift code and/or your banks address, your account name and address. Please try to provide all or as much of this information as possible in case we run into any issues to save us from having to email again to ask for it. For a UK bank we will only need your account number, sort code, your account name and address.

 Regards,

Alpha Technology

There seems to be some doubt what this means for customers who paid 100%.

It reads to me like Alpha-T are in legal damage control mode now.

If their claim that 'the vast majority of the funds have now gone into the production of these devices' is true then where are the devices and/or parts inventory  and could they be liquidated to provide higher refunds to customers ?

It is looking more and more like the right thing to do is to force the company into the hands of a receiver.