Almost 1 year waiting for hardware, waiting 3 months for a refund, and he builds/ships new hardware to new customers (Goldstrikes). I mean... WTF. Meanwhile he builds a 100 Th farm for his shareholders. I need to decide if it's time to cut the losses, or continue with litigation. I already contacted Wood Law, but if Ken keeps this ponzi going much longer, there may be nothing left by the time that goes through the courts. I am well familiar with Ponzis as a company I worked for was subcontracted by 2 of them in the past couple years and they stiffed us on the bill. There will be a lot of creditors in this case.. shareholders and customers etcetra. If this is what I think it is there is likely going to be nothing left and Ken will likely go to jail (unless he disappears with what's left.)
I gotta admit I was totally wrong about Ken.. it is sad because I wanted to give him a chance to deliver.
The only thing about the refunds is he makes you sign a form saying you'll take the current BTC exchange rate locked in at USD price for the hardware. It seems possible that I could sign that and send it to him, him still not give me a refund, and then bring it up in court that I agreed to a USD refund.
I imagine Wood Law will be pushing for a full BTC refund, as that is how it's worked in the past (HashFast case.) Hash Fast specifically promised refunds with full BTC, so I'm not sure if this case is different. I have read one person say that the orders have always been locked in USD as to getting refunds, but I'm not sure that's the case. Why would Ken make us sign that form then?
Can we get a count of how many people have been successful getting refunds? I have read hearsay that someone has already received a refund. So, we'll start the count with 1.
Can I get some opinions as what to do? I am not a lawyer... also I think someone should send Wood Law an email about this. I don't think it's good if we all contact them at once.. just one person send them the refund form and ask their opinion as what to do. I'm not sure why they haven't contacted me back yet after filling out that form on their website..