To be honest the moderators take the forum very seriously.  Not like the bitcointalk moderators that let the altcoin forum be a free for all.  Litecointalk.org is much, much, MUCH more civilized.  But let me say that I'm a Litecoin Association member, so I am biased.

I know what OP wants...

good luck

One of these things is not like the other...  one of these things is not the same.  Its time to play our game.

BEFORE WE GOT YOUR MONEY

AFTER WE GOT YOUR MONEY


If I had to pick the one I wanted to shell money out for, well I would rather pay for the 3d render than the low budget aluminum can that they are trying to pass off as a 4U server chassis.  Drill holes into a cardboard box to support telescopic rails and it will be rack mountable.

Oh but wait its not the box that we care about its the chips that we really paid for.  Yeah were are they?  Oh yeah they STILL haven't taped-out.  Lol.  So if they rebooted tape-out it will be about 30-90 days before they even get a good mask, unless they double down and "pay extra for a risk lot".  

Getting back to rackmountable.  I seriously doubt this tin can qualifies as following ISO 9001:2000 and EIA-310-D standards for rackmounting.  They keep using that word but they externalizing the PSU.  How does that follow the EIA standard and still count as "rack mountable".

Yet another lie that Alpha Tech is telling.  I mean if you are business customers,( as some of you are) you should be going after Alpha Tech for break of contract because their units will not qualify as rack mountable if they do not conform to the EIA standard.  With external PSU that using Molex pin form factor they definitely DO NOT.  Molex has never been approved as an external connector.  Hence why it is always used on internal PSU.  This thing is a fire hazard and will not be approved to be used in any data center.

BTW - Google Alpha Technology Vaporware

or

Alpha Tech Vapor

 I loled

+1, A+++ poster. Would read again.

What exactly did you explain?  Some people are trying the same channels and not getting the same response.

Yes always try your credit card company first.  PayPal terms and conditions states that if you contact them first you waive all your rights to the cc company terms for protection.

Alpha is screwed either way.  If you look at the terms there is no mention of being a b2b tranaction. So you are considered an individual and DSR applies.  Even if by the off chance you can't uphold that in court Alpha violated the contract and it is null and void for what they DID put on their terms.

1. Final payment will be requested 8-10 weeks before ship date.  They made a request for final payment around May 22nd.  So 10 weeks has elapsed and no shipping has started.

2. Payment can be made by PayPal.  If you can't make payment through PayPal for the full payment then they are in violation of the terms there. They did not say credit cards.  They said paypal.  It doesn't matter if PayPal won't work with them they should not have entered that into their terms.  So since they are in breach they have to offer full money back refunds.  They can offer other options but if you don't want the other options and you just want the refund they HAVE TO give it to you.

I'm wondering if Laurus run a mining farm that maybe he took all the good chips for himself?

Thank you.  This is a great service you are doing.  If you can set up a simple discussion board or a way to customers to coordinate with each other to start a lawsuit that would help the cause tremendously.  It doesn't have to be flashy, just threads for posting evidence, posts that have been deleted, and a lawsuit discussion/coordination thread.

It may not be that the chips "did not work".  When ever a wafer is made there are always a number of chips on the wafer that will have low quality.  The quality may be so low that they have inherent defects, like they do not perform as fast or overheat more often.  Alpha's contract with Drexel was probably to produce a chip that has a minimum specification.  Drexel provided that.  But Alpha probably wanted to get the chips faster, so rather than complete a full tape out with several spins before masking, Alpha bought a lot of risk chips.

This is where Alpha's incompetence shines.  I speculate that Alpha thought, that getting chips early would be a win.  They can start assembling the risk lot chips first, and when the money starts rolling using the higher quality chips in later batches which they can call "optimized".  What they didn't realize was the significantly poor quality.  Which is typical of the first tape out.

So Alpha spent the remaining money (the 30%) to get the risk lot and on what ever else.  So they probably couldn't pay off Drexel.  So Drexel holds on to the chips.  This is when Alpha comes up with the idea in May to announce tape-out and final payment.  They figure they can pay Drexel or the Foundry with the remaining funds. 

But people want CC and they want the prototype and they hold off paying.  This is where everything goes down hill fast.

It always boils down to this

Ok so let us figure this out hypothetically.

It was estimated on some blog that Alpha Technologies has obtained orders that if paid in full would equate to about $2.5 to 3 million.  With the upgrades they have had to add to miners it may have significantly lowered their profit margins.  Plus they have incurred debt to family members and probably Lazurus as well.  So if they have a conservative 50% margin on total units sold for batch one then they are looking at about $1.25 to 1.5 million of profit.

So now all the customers that have a 30% ownership are salivating.  They will get $375,000 divided by the number of customers that partake.  So say there are 100 of them with some big boys that have ordered  10 or more high end vipers.  If every one of those 100 customers gets a fair distribution regardless of units purchased they will each get $3,750 USD.  Not bad.  Then capital gains or foreign income tax, so anywhere from 15 to 50% depending on country.  So you may get $1,500 to 3,000 USD.

But there are a bunch of mitigating factors.  Its going to be a weighed allotment.  The big buyers will definitely opt-in.  So they will skew the numbers in their favor.  The smaller buyers may only come out with a return of $15 to 30 instead.

Then there is how the profits are computed by Alpha Technology.  I"m assuming net income and not taking into account overhead, debts and exisiting share distribution.  That initial 1.25 to 1.5 million might be 250,000 to 300,000 after all the operational costs and debt repayment is taken into account.

Then there is reinvestment of profits into new batchs.  You see a profit is only a profit after the company has assigned the dollar where it want to.  So any moronic customers who think they are getting pure profits are dillusional. Because for every dollar they pull out of the company that is not reinvestment means that is less miners that the company can produce the next batch.  Which means less growth and less future profits.  So Alpha will probably reinvest most of the profits back into the business and dish about a $1.00 maybe even 3-fiddy to all the big batch 1 shareholders and there is nothing they can do about it.

You see the customers as shareholders are going to get FARKed in the ARSE again.  Sure AT will give you a vote but if they put up to vote how much of the profits from batch 1 should go back into the business and how much should be dished out to batch 1 share holders what do you think the vote will be.
   A. 100% to shareholders
   B. 50% to shareholders
   C. 0% to shareholders
All you shareholders will probably vote A.  Your whole 30% of the vote.  Then along comes Ahackaram with his 60% vote and bam overrules all your asses and votes C.  Congrats even if Alpha Tech survives batch 1 you guys will get ZEROOOOOOOOO!!!!!!!