Quote from: dogie on December 18, 2014, 11:40:56 AM

Quote from: Spondoolies-Tech on December 18, 2014, 07:03:08 AM

Quote from: dogie on December 17, 2014, 03:10:16 PM

...

SpondooliesTech Preorders up from 'Yes' to 'Mix' (1 to 8]. *Although SpondooliesTech is currently selling out of hand, they have not yet demonstrated that their business model can support this into the next generation. On the announcement of next gen preorders, this rating will return to 'Yes'. On the announcement of next gen in hand / batch sales, this rating will increase to 'Batch' or 'No'.

...

In general, I believe you're doing a decent job with the guide.
Regarding our score, we're currently selling from stock all our products line. It seems to me a bit unfair and last minute change of your scoring criteria.

As we discussed at length, nothing has changed in the criteria. Preorders are a critical measure and as such have always had a time historical lag as well as additionally considering the business model. It is not justifiable for you (or BFL, or any other company) to sell $30M of hardware [random numbers to illustrate] via preorders and then to sell $3M from overstock and claim that you don't use preorders. The entire business model is based off preorders, and there is a 90% chance that made up scenario's company will return to using preorders as soon as they announce the next generation.

And as such, they can only receive an interim 'does preorder and doesn't preorder - mixed' rating, until they can prove that their business model does NOT rely on customer funds via preorders. That reliance is demonstrated during the announcement of the next generation, which for ST is likely to be 0-6 months as opposed to 7-12. If you sell the next generation via preorders, you're running a preorder model business and so receive a 'Yes'. If you sell the next generation from hand and are committed to a no preorder business model then you receive a 'No'.

tldr nothing has changed, you can't sell a few older units from stock and claim you are an 'in stock company' until you demonstrate that your entire business model isn't designed around preorders.

I've explained at length why we don't take preorders on our 3rd gen - it's considerable riskier development than our 2nd gen. Risk level which is suitable to accredited investor, not consumer.

I also explained to you our businesses model in 2015, which doesn't include preorders.

We didn't take preorders on the 1st gen, we took preorders on the 2nd gen, missed the spec and compensated our customers (over 98% done, the rest will be done this month)

For the last 2 months, we're selling proven hardware with known spec. It's not preorders. And it's definitely not "few older models". It's the best mining gear in the industry.

I urge you to admit an error and fix our rating.

Guy