I realise they have spent the money, but look at KnC, they just sold over $27M worth of Neptunes for delivery possibly as late as Q2. If HF can show working miners, people will go nuts and order loads of gear, so they will suddenly have the cash to refund Batch #1 customers.
I'm one of the ones who was mislead by the lies HF told. I'm an embedded systems developer (hardware and software) and it's obvious from what they have posted that they only started development work in December that they should have been doing in
This late development effort may have caused problems, they may have needed a PCB respin to fix issues with the POL power supplies or embedded micro, one of the pictures they posted showed the micro missing and wires strapped over to an evaluation board. All normal and expected parts of development... which would have been done and corrected in October if they were really on track. (I suspect an element of inexperience and incompetence here, rather than pure malice.)
I'm ready to make $10k-$20k available for the class action. Unfortunately I'm not in the US so can't progress this much myself.
Does anyone know who bought the 200 batch 1 BJ's (Order M008)? Presumably they will be up for some legal action.