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Author Topic: Alpha Technology Litecoin (Scrypt) ASIC Miner Order Batch 1 Now!  (Read 526267 times)
r-man
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July 30, 2014, 10:30:44 PM
 #2541

Not easy to do it at a local police station, me from Austria oO

No, i will check retros posts and links, have to read a lot. As far as i know me, i will file a claim on each site retro provided.  Cool  No, i have to sort out the most reliable site, well, i think all of them are kind of reliable, so then i have to find the most promising.

Yea DSR violation is the reason.

How many days have they from first email where you wanted a refund? Is it 30-days?
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July 30, 2014, 10:44:32 PM
 #2542

Phzi on Today at 11:08:35 PM
That was a lot of words to only give us 1 piece of new information (30% shares)...
As shareholders, will we be given access to the Alpha's accounting records?
Under what circumstances were 10% of shares given to Leroy?  Will the 30% be from Akram's shares?
Who are your legal advisors?

Fiaz:
First of all your vitriol 'That was a lot of words to only give us 1 piece of new information (30% shares)...' is not necessary or appreciated and serves nobody including yourself.
Secondly the update clearly states we will be releasing more details soon and it clearly states we are obviously not going to release information on our company until customers have decided to accept this or not.


What? You want the money of your customers first and then you will let them know the details? So how the hell they can make the conscious decision?  Shocked
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July 30, 2014, 11:39:02 PM
Last edit: July 31, 2014, 12:57:14 AM by s1gs3gv
 #2543

Rest assured ? Sounds like some 23 year old is begging his mom … I would not believe a word this fella says without proof. How about a statement from the esteemed Eric Gunn, VP of ASIC development and supply chain management on exactly what kind of problems they had with tape-out and how long they have known about it … with corroborating documentation from Dexcel and Global Foundries.

To paraphrase Alpha-Ts begging letter,

"Although in the past our actions made it appear that we have no respect for freedom of speech, freedom of assembly or respect for the truth we are actually transparency loving socialists at heart and we are willing to share our company with you. Out of the generousity of our heart we will give you 30% of nothing if you will stop demanding refunds and pay up the money you owe us. Please ….

 … No, you can not have a discount. No, we will not give you free hashing. No, you can not have a free machine. No, we will not increase the hashrate of your Viper. We are nice guys but we aren't dumb ! And if you don't like our offer, well … we'll just keep your deposit."




I would encourage all you victims customers to give these guys a flying kick up the proverbial 'rest assured' ass ...
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July 31, 2014, 12:04:02 AM
 #2544

No kidding, how about a grown up verify all of this and not let some snot nose kid habitual liar keep making all these lofty promises. Personally I would accept the offer so that I could kick that smart mouth Hafiz Malik in the teeth to shut him up, then fire him on the spot.
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July 31, 2014, 12:17:14 AM
 #2545

any thoughts ?

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July 31, 2014, 12:22:15 AM
 #2546

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In order to overcome this worry and provide the customers reassurance that we are in fact an ethical company and are genuinely striving towards serving our customers

...

we are proposing to give up a 30% stake in the company to our entire batch 1 customer base.

...

please note that only customers who have paid their orders in full will receive this offer; any unfulfilled orders will be cancelled and subject to our cancellation policy as highlighted in our terms of order (which we have been completely open with since the start of this endeavour).

Claiming to be ethical, and then saying this is only an offer for fully-paid invoices... all the while FAILING to provide the PayPal and Credit Card payment methods which were IN ORIGINAL SALES TERMS. And, as we predicted, they are cancelling your unpaid orders. This is, afterall, the only way they can recoup funds and provide enough chips for the fully paid orders.

Quote
Also, please note that our Mh/s to power ratio for batch 1 is still one of, if not the, best on the market and many of our competitors are still yet to ship or even announce shipping dates.

Another bland lie. My gosh, googling competing technology blows this one out of the water. Not to mention THEY HAVE NO PRODUCT, IT'S ALL THEORY.

These people are hilarious.

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July 31, 2014, 12:37:45 AM
 #2547

all the while FAILING to provide the PayPal and Credit Card payment methods which were IN ORIGINAL SALES TERMS
That alone is enough for any buyer to receive a full refund if they take it to court.

Someone in Alpha Tech's area needs to find a local lawyer who will take on cases against Alpha Tech. The lawyer's fees are nothing compared to getting $0 back and letting Alpha Tech get away with your money. If they're actually dumb enough to go to court, it will cost Alpha Tech thousands of dollars per case just for the lawyer. I'm betting every buyer can win his case, and if enough people go to the lawyer, he can bring all cases to the court at one shot. I can bet that Alpha Tech will settle out of court on every case, though.

Bringing lawsuits against Alpha Tech will put them all in personal debt if they don't settle out of court, that is the best solution for everyone. Find someone who can communicate with a local lawyer and set everyone up to take care of this issue.

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July 31, 2014, 01:05:15 AM
 #2548

These people are hilarious.

"Rest assured" … It would be funny if it weren't so … evil laughable.
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July 31, 2014, 01:17:16 AM
Last edit: July 31, 2014, 02:08:47 AM by s1gs3gv
 #2549

Rest Assured

Key contracts in this industry

Moving forward together

Sincerely hope

cutting edge

help you not only making money

many want and have been calling for

we have been completely open with since the start

We want to reward you

on top of free shipping for batch 2

we were able to start because you put your faith in us

millions

soon

not never

We had to be 100% certain

This should go without saying

any unfulfilled orders will be cancelled

hold a big advantage over any other crypto-currency company out there

unprecedented level of customer service

We sincerely hope that you will appreciate our efforts

Rest assured

you are not entitled to anything






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July 31, 2014, 01:41:07 AM
 #2550

I just read the announcement. WOW.
They basically said:

We're going to bend you over, it might hurt but we're going to use lube, even though our T&Cs don't say we have to use lube. No we don't NEED to use lube, we're lubing up as a gesture of goodwill.

A gesture you should be grateful for. People have been crying out for lube, we talked to some guy that didn't lube and we knew we couldn't get away with that, so we decided to throw some in.

Yes you have to pay extra for it.

Oh you don't want to?

Well then you're just going to get F**ked
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July 31, 2014, 01:43:47 AM
Last edit: July 31, 2014, 02:11:08 AM by s1gs3gv
 #2551

I just read the announcement. WOW.
They basically said:

We're going to bend you over, it might hurt but we're going to use lube, even though our T&Cs don't say we have to use lube. No we don't NEED to use lube, we're lubing up as a gesture of goodwill.

A gesture you should be grateful for. People have been crying out for lube, we talked to some guy that didn't lube and we knew we couldn't get away with that, so we decided to throw some in.

Yes you have to pay extra for it.

Oh you don't want to?

Well then you're just going to get F**ked

Yeah … if I were an Alpha-T customer I would view this announcement as a very combative act and the final insult and I'd go find a solicitor/lawyer ASAP. They may have your deposit or full payment now and feel that they can beat you over the head with it but if you act now they won't have it for long.

If Alpha-T wants to show good faith to its customers it needs to offer a full and immediate refund to any customer who wants one. Anything less is acting in bad faith. They failed to meet their advertised July deadline. They failed to require corroborating documentation of a B2B transaction. They failed to refute the DSR. End of story. Game over. Good luck next time ...


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July 31, 2014, 02:10:06 AM
 #2552

I am absolutely stunned by the level of tripe I just read in Alpha-T's announcement.
Un-fcvking-unbelievable that this could happen in a civilized country like the UK and in such a sophisticated community as crypto.

Moss Side at its best ...
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July 31, 2014, 02:26:59 AM
 #2553

Wow just wow they are obviously in the defensive mode but at the same time trying to play the blameless card.

Lesson learned hopefully: Never preorder any device that does not exist in reality.

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July 31, 2014, 02:30:24 AM
 #2554

WOOHOOO ANDERL'Z A-T ANNOUCEMENT BREAKDOWN!

All aboard the pain train!!!

Quote
Greetings Batch 1 Customers!

Like all of you, we are not satisfied with the delay and have decided to do something about it. We refuse to allow the investments of batch 1 customers to be anything other than a success. We want to reward you for putting your faith in us, especially considering batch 1 hasn’t turned out how we all hoped it would turn out last year when we started. We want to rectify this situation, as well as learn from batch 1 going forward.

I assume they will be telling us how they are rectifying the situation that they have no miners and will not be shipping tomorrow below.  I'm also gonna assume they will tell us what they learned from this experience and n00b management of a manufacturing company.  OOOOOOh!!! I can't wait!!!

Quote
It should be noted that this delay was out of our control, and we were only able to provide an update to customers after we had received feedback from third parties.

Nice we are going to start by blaming all the third parties.  Well screw Drexel and Global Foundries.  Those bridges are already burnt.  Let's just bomb them for good measure so we can never re establish relationships with them.  ASIC design and manufacturing plants are a dime a dozen.

Quote
After obtaining this information, we were able to give a definitive statement as to the extent of the delay. The issues causing the delay did not occur overnight; they were a series of events that we tried to resolve and had to investigate first.


It was a gradual destructive process.  My guess is it spanned over months.  That explains the two directors of this family operated business just walking away so quickly.  Things blow up so the books are farked.  No point in trying to maintain them after the debacle starts.


What I like is how this open and transparent ethical company decided to not tell anyone about what was going on over the series of events.  Maybe the word transparent means something different int he Queens English.  You know like chips.  We call them fries.


Quote
Only after we were sure of the impact on delivery did we release an announcement (We had to be 100% certain as this was news that will negatively impact us as a company).

BWAAHAAHAAAAHAHA!!!!1  OMG!!! THis is rich.  Only after we were sure that this "series of events" would impact delivery.  You know the delivery in July?  After all by some miracle chips might materialize from heaven, or a UPS delivery truck shipping KNCminer chips could have crashed and dropped a box at our door.  Or maybe just maybe we could come up with some real good bull@*$t before August 1st.

Plus we want to be sure that there was nothing to salvage.  Wait until eh series of events burns completely to the ground so there are just ashes that cannot be salvaged.  Then.. ONLY then will we announce that everything if farked is total transparency.  After all we could not intervene in this series of events. We were only spectators.  If we involved ourselves that would make us complicit.


Quote
In light of these events,
Because we were blind to them before.

Quote
we as a company saw 2 possible roads here, where we can leave things as they were, with unhappy customers, or go out of our way to truly appreciate the fact that we were able to start because you put your faith in us.

Wait so their only two options her was to F^&! the customer by leaving things as they were and say yup we tried but we were incompetent and its your fault for believing in us or....

"GO OUT OF OUR WAY" to truly appreciate... ..you put your faith in us.

Did you read that?  Yes read it again sloooooowwwwllllyyyy.  They are going out of their way to appreciate your faith.  Yeah that means what it means.  Normally they do not appreciate your faith in them.  This time they went OUT OF THEIR WAY from their usual shafting of customers to finally appreciate you.  What an honor for you customers.  You should be so greateful!!!!!  LOOOOOOOOOOOOOOLLLLLLLLLLLL!

Quote
As such, we have decided to fully commit to our original commitment of transparency, an ethical open approach and your ROI. With this in mind we have also decided to un-ban everybody who was ever banned from the forum, and apologize if you felt it was unjust. We can now put all of this negativity behind us and move forward together.

Yeah we FARKED up with this transparency thing, so we are going to be transparent again. No we mean it this time we are going to be REAL transparent.  Yeah yeah we promised ot be transparent before but we didn't really mean to be.  Those were just words.  But now with things hosed like this we are going to finally commit to it.  Don't worry baby, we are going to change this time.  Really.......  

You know I didn't really mean to shut you out.  I didn't mean all those nasty words I called you.  I'm different now.  I'm not the @$$hole I was before.  Look I'll even give you back the keys to my apartment.  Just please have me back.  We can wipe the slate clean baby.  All those hurtful things I called you.  Water under the bridge right?  You know you love me.  I got what you want......



Quote
We are well aware that our customers are worried that some competitor companies will be releasing devices around the same time as us, and they may struggle to achieve ROI. In order to overcome this worry and provide the customers reassurance that we are in fact an ethical company and are genuinely striving towards serving our customers, ....

WOOOOOHOOOOO!!! Alright!!!! Here is comes.... get ready everyone.  A-T knows you are farked for ROI because they are going to break their terms and ship well past they date in their terms of agreement.  So with the pain it will be to achieve ROI you are going to get PAYD!!!!  They figured out a way to give you more ROI!!!!  SO what is it.  Cloudhashing!?!?!?  BYGOFREE?!?!?!?!  Freeminers!!!!  Oh they are going to cram more chips into the Vipers..   YEAH!!! 1GHS Vipers for everyone!!!!!!!


Quote
we are proposing to give up a 30% stake in the company to our entire batch 1 customer base.

WHAT....                               THE....                     FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUU.... ...................

Quote
Our proposition is that you will receive the miner as well as a shareholding in the company (depending on your order). This is still being worked out, so you can expect more details very soon.


Oh great  wtf is this crap!!?!?!?!  And they are still figuring it out.  So what?Huh Are they just pulling it out of their ARSES right now!!?!?!??!!?  Great soon.    SOON.   SOOOOOOOOOOOOON!!!!

Quote
Also, please note that our Mh/s to power ratio for batch 1 is still one of, if not the, best on the market

FARK you!!!! Vipers are NOT "on" the market.  They are vaporware.  Best "ON" the market are Insilicon.  You got jack SON!!!!

Quote
and many of our competitors are still yet to ship

You know who else has yet to ship?HuhHuhHuhHuhHuhHuhHuhHuhHuhHuhHuhHuhHuhHuh?

Quote
or even announce shipping dates. So this would mean that as long as Alpha Technology is making money, batch 1 customers are making money.

Haaaah!!! Good luck batch 1 customers.....  That is all that needs to be said....  If you don't get any voting rights, the Akrahm scammers can just pad their salaries so the company makes ZERO profit.  As long as ALPHA TECH looks like its not making money!!!!

Quote
Bear in mind that we are talking about turnovers in the millions for our company;

Yeah they turned over millions.  Only thing is in hasn't turned back to them.  Pissing in the wind.  Now they are going to start feeding the pipe dream.  Here they are pulling out the fishing rod and hooking the bait...

Quote
hence you are truly being rewarded for your investment and faith in our company.

I like that word faith.  It means belief without factual evidence or against factual evidence.  When people start asking you to have faith?  RUN.  All thei rsupportive eveidence is GONE.  All they have left is your hopes, prayers and FAITH.

Quote
This should go without saying but just to be clear, please note that only customers who have paid their orders in full

And SPPPPLOOOSHHHH!!!!!  The line is cast.   Now to hook the fish....  

Quote
will receive this offer; any unfulfilled orders will be cancelled and subject to our cancellation policy as highlighted in our terms of order (which we have been completely open with since the start of this endeavour).

OH DAMN.  The last FARK UUUU to ythe customer.  You are with us or against us.  If you don't commit to your orders then we are seizing your funds completely and terminating your orders.

Never mind that we would only request the 70% when we had proof of a prototype.

Never mined that we would only request the 70% when we were 8 to 10 weeks from shipping.

Our NEW NEW terms are that if you don't pay the remaining 70% now not only do you not get shared but we are just shutting you down.  No credit card processor when we are ready to ship.  No more false promises.  We are just taking the money and running...

Oh and I like how they added that they were completely open with these terms from the start.  You know, they never changed the terms after all.  Just so you know we will reinforce it with that statement so drill it into you just in case you have doubt and what to start looking for the old terms.


Quote
This is a course that many want and have been calling for with these types of projects. Not just with ASIC companies taking pre-orders, but it can even be seen in other industries with the advent of Kickstarter and similar projects. A great example of how it should not be done being Facebook buying Oculus for $2 Billion and those original backers naturally not receiving a dime of that money. Many have called for this fair approach and yet companies don’t answer simply because they don’t have to. People fund them regardless, as has been the case with us, and yet here we are offering this to you in order to prove our commitment to you. Most companies would have taken, and unfortunately have, taken the other road.

So to prove that what we are doing is ethical we are going to cite some recent events in the news that are no wheres near related to what we are doing but you aren't going to actually do the research so you are jsut going to accept what we are saying from this presentation of false expertise.  

Most companies would have just take your preorder money and given you no stake in their company.  I know of one company in particular as an example was this ASIC manufacturer that was designing their ASIC since May 2013 they was never going to give up shares of its company to the commoner customer.  They only did it as a last resort when the company was going to fold after they farked up their chip production.  You see we are not like THAT company


Quote
We’ve seen and spoken to people in the Bitcoin market whose companies started just like ours: obtaining their investments from first batches, but contrary to us would then proceed with becoming rich enough to simply mine themselves, while not caring about the people who got them started in the first place; only for dominating the market alone. What this shareholding effectively does, is make our customers an integral part of Alpha Technology by being partial owners of the company.

I'm waiting for the edit when they add the disclaimer to that last statement.  Does part owner mean completely open books.  Do all part owners get voting rights?  Do part owners get to sell their shares in the company?

Quote
This ensures that, no matter what happens, all of our batch 1 customers WILL get ROI one way or another as long as we are in business*

And there it is. DISCLAIMER!!!!!

Quote
as you will have full right over issues of dividends forever. Considering how we have survived and thrived, despite the madness that has been batch 1, the odds are very much on our side, most would have broken under this pressure and looking for their first way out and yet here we are as such rest assured we plan to be in this business for the long term. You will also of course be given your say in decisions made by our company, by way of discussions and votes on our forum. We will in fact be having a vote on our forum very soon in regards to this issue, to see if most of you feel the same way as we do: and whether or not you are happy to proceed with this. We will email you the timeframe at which the vote will take place, and link to the vote very soon.

So how are they going to do this??  If they are REALLY open and transparent it will be a poll that is publicly view able but only customers can vote on.  IN FACT if they were REALLY ETHICAL  they would put it in the hands of a third party that would manage the poll so that Alpah Technology can't pad the numbers.  After all WTF does it matter if you vote or not.  IF the cronneys at A-T want this to happen it doesn't matter if all of you are for it or against it.  A-T will just make it look like everyone is in favor.  Look SADDAM Akram got 99.9% of the vote for the distribution of shares!!!!!  All hail the loving dictator!!!!

Quote
If it is positive, we will put this proposition into practice and commence with all the legal paperwork. This proposition is something no other company in the crypto-currency industry has ever done before,

because it is STUPID and only exemplifies your incompetence.

Quote
despite past and present problems and complaints with delays in their projects. We want to overcome this and give our customers something back for their faith and patience.

As long as you allow us to change the terms of the agreement so that we do not have to have a prototype before asking for 70% and do not have to ship 8-10 weeks after we asked for the remaining 70% because we are FARKed if that is the case.


Quote
Under the current circumstances, this is the best solution for all. If we were to increase hashrates further: it would push back shipping from September, and everyone will complain again asking for increased hash rates for this first batch, and as a consequence: this cycle would continue as we would have to redesign the miners over and over again, which wouldn't help anyone. Not to mention that it would be an exhaustive, inefficient and unrealistic waste of funds.

Trust us we figured this out.  Don't mind we do not have any supportive evidence of this.  Just believe us.  Have FAITH.  What we outlined is the ONLY option.  Take it or you get NOOOOOOOTTTTTTTHHHHHHIIIIINNNNNGGG!!!!!!  We aren't threatening you.  We are only suggesting a single course of action that we say is the only option where we don't take all your money and you get nothing to show for it.  But its your choice.


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We have done all we can and more than we needed to for batch 1 and we hope this does not go unnoticed by you. The same can be said for a discount; we’re sharing but, and sorry if this is too candid, we’re not stupid. Also, if we were to offer cloud hashing to customers, it would take a tremendous amount of time and effort to set up and have it running efficiently. On top of that, the hashing would only be temporary until it was not viable anymore; and we sincerely doubt you would be pleased with that. Cloud hashing is being explored, but not given any priority at this time. Another suggestion from customers was to ship extra miners for free from cancelled orders, this also is not viable as there wouldn't be enough miners to give everyone the extra miner.

Oh and all the other ideas the customers had.  Yaeah they are crap too.  No when we SAY you have ONE options we really mean ONE option.  We are ready to tank the entire company if you don't pick the "recommendation" we presented.  We will not entertain and details surrounding the other options.  Again.  PICK THE OPTION WE PRESENTED WHEN THE VOTE IS UP!!!!!1

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There will however be cancelled orders,

Like we said we are going to terminate a bunch of clients funds and keep the funds and not deliver on then against the original terms and conditions.  So we are going to make those miners available to YOU.  Yes YOU!!!

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and one possibility with this proposition is to set up our own mining operation immediately after shipment. Of course you will receive profits from this, proportioned to your share with the company, or we may simply just sell the miners. In any case: we will discuss all of this with you and you will profit either way.

And we have many more pipe dreams if you vote the RIGHT way.  The ONLY way.

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We have secured key contacts in this industry, and hold a big advantage over any other crypto-currency company out there; this is a fact.

LOL.  If you have to "say" its a fact, then it is NOT a fact.  That is classic interrogation analysis to spot fictitious statements.  If you have to reinforce your statement with another statement it is probably a lie.  Its like saying.  The sky is green..... trust me.  The sky is green... that is a fact.

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In the near future alone, our batch 2 miners will be something special. They will be highly profitable and (bearing in mind all that we have learned through this process) we can’t see how they will not simply be the best on the market

DISCLAIMER.... Unless another "series of events" that is out of our control happens.  "we can't see how they will not"  where have I heard that before?HuhHuh?

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thanks to an engineering advantage which would be foolish for us to share right now, but you will know in due course.

We have special secrets that will make us dominate the industry, but we cant divulge them..... trust us.

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We also have very ambitious and extensive plans for the future of our company, but we also want to listen to all of your ideas and thoughts so that we can use your input as well and work together on this in order to, hopefully, be on the cutting edge of the crypto-currency industry. We are giving you the opportunity to take that slice of the pie which you duly deserve, as you

stopping here only to emphasize the next few words.....

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(and a little bit of us)

OH THE SELF ADULATION!!!!!!  The egos on this diluted MORONS!!!!!  They really think that they had nothing to do with this.  That they have been SO AWESOME in not shipwrecking the company and losing ALL your money.  You should PRAISE them!!!!!!!!

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are the reason Alpha Technology made it this far. We are currently in conversations with our legal team and accountants,

You know the same famous international legal firm that told us that mining is a business activity per the HMRC as long as you do not read the part that says that an individual can be a miner too.

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and will be drafting up the proposal in detail and send out the relevant paperwork to the customers. With this proposition we hope we have demonstrated to you that you are highly valued customers

Yes this shows you are highly valued.  Not that we failed to delivery your miners on time.  Not that we did not show you a prototype before we asked for funds, not they we hid all the problems that happened over the last 2 months.  Not the part where we banned a bunch of you.  Not any of that.  This.... this part is where we show you your are valuable to us.

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and that we are truly in this market for the long term. We genuinely care about our customers and we want to actively help you not only making money from this industry but also, hopefully, contribute to it. We will of course disclose key information and documents to you with regards to our company in due course; the capacity and method of this is still to be determined, as we obviously cannot rush this due to its sensitive nature.

We are now all moving forward together and we are sorry but it must be said that constantly and unconstructively criticizing or trying to undermine us will only hurt yourself.

So if you have any negative comments or do not approve of what we are doing, don't say a word (we will probably ban you again).  Unless you constructively vote in favor of this don't bother commenting on it or even voting.  After all if you fark what we are doing up we are going to tank the whole company.

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Instead, we must be constructive and collaborative, as you and your funds are in this with us.

See we are alreayd committed to voting in favor of this direction.  So just give us the money so we can start this bandwagon rolling again.

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Just as a reminder what has happened since the start: you pre-ordered a product, then competitors arrived on the scene. In order to secure your loyalty, we increased the hashrate to 90Mh/s which is fair enough, then we took final payment at 90 (if we were any other company: chances are we would have and could have stopped at this point, that is a fact.), we then decided to increase to 250Mh/s despite the fact we didn't need to. We delayed and despite the fact our terms give us leeway in this: for the sake and in the interests of our customers we still decided to go yet another step further by giving you shares of our company for the rest of its existence without the need for you to spend an extra penny or work for us hence there is no catch this is technically something for nothing in so far as what we are legally obliged to provide you (although, in this situation: it would only make sense to purchase your future units from your company, as you will receive profits back similar to a discount. It would also make sense to contribute to the company as much as you can in whatever capacity you can; as you would be directly helping yourself). All this on top of free shipping for batch 2 and 10% off any future batch of your choice; this is an unprecedented level of customer service.

What more to do want from us.  We gave you EVVERRTTTYYYYYTHHIINNNNGGG...... up to a point.  We can't give you any more.  We can't be competative with all the other manufacturers.  We farked up and they are already beating us.  We can't compete for value.  You can but the same hashrate we are offering for for less than the 70% you own and get delivering in less than 5 days.  We won't because to compete with total hashrate.  KNCminer and GAW are going to destroy us in only 6 weeks.  All we have is the shares in our company.

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We sincerely hope that you will appreciate our efforts

Yup this is the most sincere letter I have ever read in my life!!!! {sarcasm}

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to go the extra mile for you and that you will appreciate the offer we’re making to you. We want to thank you for your patience, support and investment in our first batch. We hope you will continue to support us and we promise we will continue to value your custom and input.

I guess that means no more banning.  You can post anything you want on the Alpha Tech forums.  WOOOHOOOO!!!! Open season.

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We are really excited about the future of our company in this industry and we hope that you will join us in our excitement.

Thank you and we’re looking forward to be hearing from you!


Kind Regards,

Mohammed Akram
Director
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July 31, 2014, 02:56:30 AM
 #2555

  This just gets better and better.  I have never seen such a long-winded post have so little content.  So as surmised it is an unsanctioned (sanctioned in the US it would be SEC oversight through an underwriter) stock sale.  (If it is sanctioned, who are the underwriters?) Where is the full financial disclosure including ledger, day-to-day, accounts payable, accounts receivable, payroll and whatever the UK equivalent is to a form 9K filing is for at minimum the last 4 quarters?  This information is required for any proscpective buyer executing due diligence.  How many shares per unit cost?  How many shares do the 70% closely held and 30% to-be-widely-held represent?  What are the insolvency rules for the shares?  The limitations of shareholder liability? (That is a crucial one there).  I could go on for an hour, but in short this info has to be made public to any prospective buyer without qualification.  The whole point of disclosure is to be open and transparent such that anyone can evaluate the investment prospect, not just a select group.
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July 31, 2014, 03:10:37 AM
 #2556

  This just gets better and better.  I have never seen such a long-winded post have so little content.  So as surmised it is an unsanctioned (sanctioned in the US it would be SEC oversight through an underwriter) stock sale.  (If it is sanctioned, who are the underwriters?) Where is the full financial disclosure including ledger, day-to-day, accounts payable, accounts receivable, payroll and whatever the UK equivalent is to a form 9K filing is for at minimum the last 4 quarters?  This information is required for any proscpective buyer executing due diligence.  How many shares per unit cost?  How many shares do the 70% closely held and 30% to-be-widely-held represent?  What are the insolvency rules for the shares?  The limitations of shareholder liability? (That is a crucial one there).  I could go on for an hour, but in short this info has to be made public to any prospective buyer without qualification.  The whole point of disclosure is to be open and transparent such that anyone can evaluate the investment prospect, not just a select group.


Exactly.  I know that any offering of shares in a foreign company to US citizens falls under the  Securities Act of 1933. This would qualify Alpha Technologies as a "Foreign Private Issuer" and are subject to  US reporting requirements.  Since "some" of the customers are probably US citizens then Alpha Technologies will need to file in the US to be an FPI and start reporting to the SEC.

Something tells me that they did not think this plan through and this was just a knee jerk reaction to prevent a slew of lawsuits that would come August 1st when they are in breach of their initial terms and conditions.  My guess is that current customers have stopped mobbing with pitchforks and torches to read the diatribe and are enticed by their greed to consider this.  It might give Alpha Technology enough time to get the last 70% from customers on the fence to restart another chip run. 

This is a last ditch effort to scam people to send them more money before the bankruptcy happens.  Alpha Technology does not have the capital to fund the legal team needs to support multinational investors.
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July 31, 2014, 03:41:48 AM
 #2557

I just read the announcement. WOW.
They basically said:

We're going to bend you over, it might hurt but we're going to use lube, even though our T&Cs don't say we have to use lube. No we don't NEED to use lube, we're lubing up as a gesture of goodwill.

A gesture you should be grateful for. People have been crying out for lube, we talked to some guy that didn't lube and we knew we couldn't get away with that, so we decided to throw some in.

Yes you have to pay extra for it.

Oh you don't want to?

Well then you're just going to get F**ked

This. lol.
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July 31, 2014, 03:55:04 AM
 #2558

I just read the announcement. WOW.
They basically said:

We're going to bend you over, it might hurt but we're going to use lube, even though our T&Cs don't say we have to use lube. No we don't NEED to use lube, we're lubing up as a gesture of goodwill.

A gesture you should be grateful for. People have been crying out for lube, we talked to some guy that didn't lube and we knew we couldn't get away with that, so we decided to throw some in.

Yes you have to pay extra for it.

Oh you don't want to?

Well then you're just going to get F**ked
ROFL!!!  I just read this from 9600's reply.  I just had to keep this thread going... sorry...

They initially told everyone that they were not planning to use lube.  They didn't need to because no one uses lube.  But they were kind enough to only use the tip back then.  Not like all the others who went balls deep.  Yes many screamed and that is why they had to use the gag  but now things are different.  Its only by listening to everyone that they understood and they decided to use lube.  So they want to start over.  That are going to take off the gag.  

But you know lube is expensive and that they have invested their own hard earned money to buy some lube at the corner store.  Plus it is a real special lube.  We can't tell you how special the lube is but its really good lube.  You are going to enjoy, take our word for it.  But don't scream or you get the gag again.
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July 31, 2014, 04:22:04 AM
 #2559

Rest assured ? Sounds like some 23 year old is begging his mom … I would not believe a word this fella says without proof. How about a statement from the esteemed Eric Gunn, VP of ASIC development and supply chain management on exactly what kind of problems they had with tape-out and how long they have known about it … with corroborating documentation from Dexcel and Global Foundries.


Yeah, the "esteemed" Eric Gunn accepted my LinkedIn connection request them promptly dumped it again the moment I asked about AlphaTechnologies. He's either embarressed to be associated with them, or he's made a lot of money from this scam and is trying to avoid answering questions.  Roll Eyes

I have his telephone number if anyone wants to give him a call...


To paraphrase Alpha-Ts begging letter,

"Although in the past our actions made it appear that we have no respect for freedom of speech, freedom of assembly or respect for the truth we are actually transparency loving socialists at heart and we are willing to share our company with you. Out of the generousity of our heart we will give you 30% of nothing if you will stop demanding refunds and pay up the money you owe us. Please ….

 … No, you can not have a discount. No, we will not give you free hashing. No, you can not have a free machine. No, we will not increase the hashrate of your Viper. We are nice guys but we aren't dumb ! And if you don't like our offer, well … we'll just keep your deposit."



That pretty much sums it up huh. So glad Discover refunded my deposit! I'm sure this BS announcement will help others wishing to dispute the charge with their credit card company, so at least it's useful for one thing.
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July 31, 2014, 06:51:33 AM
 #2560

Alpha T is vaporware and im calling it since day 1.

Can't believe how many retards fell for this super obvious scam.

I resemble that remark Smiley (alhough according to amex I still have a shot at getting my 30% down payment on a vyper 50mh back)

anyway hard to argue ...in my defense even all the amex reps I've talked to said they never saw a 30% vaporware wrapped as legit

paypal and option of cc ...then that taken away and then that 30% held hostage to a loss unless you sent UNSECURED $$$ the last 70%

of a vaporware (at this time product) ...they likely will put alpha in their fraud company database in my view and pass it along to other

credit card companies as in how they handle this kinda stuff is my guess

anyway I'll let you know (lesson learned however...even when you are 90% sure it is safe paypal/cc maybe it ain't!"

Searing
 

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