IANAL but as I understand the law it seems pretty clear from the examples I read when I was considering a lawsuit against Butterfly.  In a time sensitive contract, delivering late is a breach and is subject to any penalties a breach may bring.  I didn't wind up pursuing butterfly, because I didn't have enough invested to be worth my time.  I feel the same here.  I don't have the time to pursue the ~4 btc I gave to this Group buy, but if WaldoHoover chooses to pursue a lawsuit I think we will be in the right.  Unfortunately, being in the right isn't everything.  If we are in the right to sue, every one of their customers will be as well.
My Suggested course of action would be to continue to pursue a full BTC refund, and if we receive anything less (late delivery or partial refund) we sue.  This is of course contingent on what Waldo wants to do, he is the one that needs to spend the time on it.  I think we should certainly accept delivery as long as we still think we can mine more than the partial refund they are offering.

All of that said, I will not complain whatever is decided.  I knew this was a gamble going in.  I would have been far better off had I never pursued mining and just held my BTC, but dollar-wise I am still way up, so I am not losing any sleep.

KNC's latest devices with the 20nm chips that won't even be delivered for 3+ months are selling for ~$4 GH.  Way back FriedCat said that our costs were <$10 GH.  That puts asicminer's Gen1 stuff still in the same ballpark as the very best around.  I don't think we are going to have any problem pulling a nice profit mining next year unless Gen3 bombs the same way Gen2 did.

I really don't care about the price movement.  I am a little ashamed to say I was one of the people suckered by Labcoin.  I wasn't in too deep, but it wasn't pleasant either.  Thing is, when things started to get obviously bad over there, you had to go through 30+ pages of attempts at market manipulation to try and find some information every day.  In two months that thread was longer than ASICminers thread which has been up more than a year.  As someone with a full time job it became a huge burden.  It just bothers me that I am starting to see some of the same names doing the same thing over here.  Limbaugh was the worst, he shamelessly admitted to trying to push the price around.  

Limbaugh I know you make a lot of money off of market swings, but we really don't need you and your cohorts turning this thread into Labcoin so we all have to read 10 pages of BS every day.  There is another thread for price speculation, please use it.

Seriously, You guys, STAHP, I'm running out of money to buy with.......

I would like to upgrade my 2 shares of BabyJet #1 please

cce53a5126ef17bc36e69d9fb0893dac6010890dc0768f71f261f2708e4edd62

Current Dividend @ 0.00000000062166 BTC/Share 

Amazing Company!!!! 

Uggh, I learned my lesson playing those games with ASICMiner.  Sold everything @ 2.9 because I was sure it was going to drop.  An hour later friedcat announced hardware sales and I wound up with ~20 BTC less than if I had held.  No more day trading for me.  I know what I think things should be worth, and if they are significantly cheaper than that I buy and buy and buy.  I would like to personally thank Stu, Vela, Zum, and all the others who have put all the work in for me to scoop up more shares below .003.  I wasn't going to buy any more, but at this price AFTER hashing has started, how can I resist?

Nobody else is going to have a huge first mover advantage on the introduction of ASICs.  There will never be another disruptive technology that will increase hashing speed in a giant leap like the introduction of ASICs.  That does not mean I don't think other companies can be profitable and a good investment, just that ASICMiner was first and got a huge amount of initial profits because of it.  When ASICMiner started hashing difficulty was ~15 million.  That means that if Labcoin started hashing today they would need 4 times the hash power that ASICMiner had just to achieve parity.  Seeing that they are using the same circuit density, I kind of doubt we will see that big of a performance bump, but I am no expert.  

I own a fair amount in Labcoin.  I expect them to be competitive and profitable. But I certainly don't expect them to pay back my initial investment in the first few weeks of mining.  I don't expect a 50-fold  increase in share price in he first 4 or 5 months.  Those are things ASICminer did.  It won't happen again, there is too much competition now.

I will admit my math was bad though.  I meant to say that even if Labcoin only gets 10% of their stated goal (1% of network) returns would still be great according to normal investment standards.  I said 2 year ROI in that scenario, but apparently it would be more like 4.  Still great.

So.... If Labcoin hits 10% of their stated goal I am looking at almost exactly 2 year ROI on all the stock I buy right now.  Anywhere but bitcoinland those are astounding numbers.  If a 'real' company on the NYSE claimed it was going to do that no one would believe it.  If they did believe it would be absolute insanity with people falling over themselves to buy.  In a matter of hours the price would go up 10-fold.

People have got to stop expecting every company to be ASICMiner.  ASICMiner was a fluke, it will never happen again.  The ASIC boat has sailed and we can't expect insanely amazing profits from these companies.  We have have to settle for returns that are merely   really really good.

I'm in for 2 shares!

If you pay attention to the end of the movie Kevin Spacey stops limping and you realize he was Satoshi Nakamoto all along.