Alpha Technology Litecoin (Scrypt) ASIC Miner Order Batch 1 Now!

[anderl]

So it is true then.  Fiaz is defending the shares for profits model on this thread.  He isn't denying it and is going so far to as to defend it.  Good job letting the cat out of the bag.   Oh Fiaz.  Whaaaaa whaaaa whaaaaaaaa.

In order to spare people the monstrous size of the files here is the link to the screen
http://imageupper.com/s02/1/4/N140667240152594_1.png

[maildir]

That is one incredibly slimy character. So much so I wonder if it is the real Fiaz Malik. Or if it is he was planted in their from day one to manipulate the victims. The guy has an answer for everything and appears more astute in business matters than necessary for a so-called "community manager" or whatever his little designation is. Sneaking suspicion that that is the dubious financier at work under his login.

[fraMI]

I wouldn't be surprised if they announce that they cant deliver their miner - BUT they made an awesome deal with one of the legit scrypt asic companies, so they can buy their miners with a little discount with your preorder money.

I would LOVE that !!!

[anderl]

I wouldn't be surprised if they announce that they cant deliver their miner - BUT they made an awesome deal with one of the legit scrypt asic companies, so they can buy their miners with a little discount with your preorder money.

I would LOVE that !!!

Never gonna happen.  They already lot a lotta money on their "Risk chips"  (LOL)  That money is gone.  Do you think they are even going to be able to afford wholesale prices on competitor miners?  Any competitor would prefer Alpha Tech to fail so they can get the customer base.  If Alpha tech survives (on the snowballs chance they do) then it may become competition to them. 

[s1gs3gv]

In order to spare people the monstrous size of the files here is the link to the screen
http://imageupper.com/s02/1/4/N140667240152594_1.png

Something wrong with the image Anderl

[anderl]

In order to spare people the monstrous size of the files here is the link to the screen
http://imageupper.com/s02/1/4/N140667240152594_1.png

Something wrong with the image Anderl

if you click it it will zoom in or download it.

[spectrem1]

article on Coindesk.com Alpha Blames Paypal


http://www.coindesk.com/alpha-technology-blames-paypal-dispute-bitcoin-asic-delivery-delay/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CoinDesk+%28CoinDesk+-+The+Voice+of+Digital+Currency%29

[Meanotor]

I don't know if my case went to small whatever or not, but whatever the lawyer is doing seems to be working.

[s1gs3gv]

Got it, thanks. Un-fvcking-unbelievable …

You basically have two groups of people now - Alpha T owners and those Alpha-T customers who have already paid in full (group A) and those who have only paid a deposit (group B). The first group is already exposed to maximum risk and they are trying to convince group B, who currently only have deposits at risk,  to pay up because they think this will reduce their own risk by improving the chances of eventual delivery.

In a nutshell, group A is trying to off-load some of their risk onto group B. They are doing this by offering group B a carrot (shares in a company that doesn't have a viable product) and threatening them with a stick (the loss of their deposit).

Now, If I were a member of group B, I'd find this insulting to my intelligence. 1 - because why would I want to assume more risk without a commensurate reward ? and 2 - I can take my 70% and buy off the shelf Zeus miners and start mining in a few days.

And, I were a member of group B, i'd be insulted by the cynical and self serving strategy of group A and continue my efforts to obtain a refund or legal redress.

But that is just one person's view ...

[vesperwillow]

Just gets better every time I come in here for an update.

Well, Alpha paid for risc-lot chips, and they got what they paid for. Whenever a company opens its doors to everyone to buy in, that's an immediate black flag in my book. Cashflow issues = no-go.

Good to hear some folks have been able to get chargebacks.

[retro72]

Disregarding the rest of the "we did you a favour" bullsh*t in the post, notice Fiaz says shares in the company "for the rest of its existence".

Fiaz Malik
Administrator
Re: A way forward for Alpha Tech and Customers

« Reply #13 on: July 29, 2014, 09:50:46 PM »

I'm sorry but your post is ridiculous, you bought a product, competitors arrived so to secure your loyalty we increased to 90 fair enough, we took final payment at 90 (if we were disingenuous we would have and could have stopped at this point, that is a fact), then decided to increase to 250 despite the fact we didn't need to just for the sake of our customers, we delay and despite the fact our terms give us more leeway in this we still decide to go one step further for our customers sake by giving you shares of our company for the rest of its existence and you do not have to spend another penny with us nor work for this and you say this deceptive and on the lines of a pyramid scheme  

Fiaz has played word games before, what's to stop the Akram boys starting a new company, dissolving Alpha and dropping their customers/shareholders like a hot potato as soon as they have all paid. This has got bad idea written all over it.

[anderl]

Just gets better every time I come in here for an update.

Well, Alpha paid for risc-lot chips, and they got what they paid for. Whenever a company opens its doors to everyone to buy in, that's an immediate black flag in my book. Cashflow issues = no-go.

Good to hear some folks have been able to get chargebacks.

Yeah alpha tech wants to come across that they are unbanning people out of the kindness of their hearts.  The reality is they want to maximize their source of new capital by pitching them a new scam because the first one failed.

Welcome back unbanned friend.  Oh by the way we would like to introduce you to a new exclusive once in a lifetime opportunity.

This won't end well.  Much scam wow!

[Kuttingcorners]

these people farted on your money!!!!!!!!

[9600]

So it is true then.  Fiaz is defending the shares for profits model on this thread.  He isn't denying it and is going so far to as to defend it.  Good job letting the cat out of the bag.   Oh Fiaz.  Whaaaaa whaaaa whaaaaaaaa.

In order to spare people the monstrous size of the files here is the link to the screen
http://imageupper.com/s02/1/4/N140667240152594_1.png

This thread...is amazing.
I got my refund a few weeks ago but I keep coming back to see what's going on with this shit show.

He really seems to think that Alpha will be the next Bitmaintech. He thinks all of his customers are morons for not REALIZING HOW AMAZING THIS OFFER REALLY IS!

[Xell]

I was a student in Manchester not-so long ago (and lived near Rusholme for four years), as I'm sure has been previously mentioned the location of the shop-front was always a massive turn-off for anyone with local knowledge. It's at the end of the officially named 'curry mile' and is basically a terraced house with converted lounge to shop.

People should be aware that enforcing DSR and similar rules in the UK just does not happen. You can take your case to small claims, and maybe win. But getting your money back is still a different story completely, enforcing the judgement when it comes to money is not as simple as winning or loosing in small claims. Criminal proceedings against the director is also extremely unlikely. In the end bailiffs could encourage the company to appoint administrators, and offering shares to creditors now already seems unusual to me.

Here is a case where people were deliberately scammed out of millions, the key point is below (the guys in charge did a runner)
http://www.bbc.co.uk/news/business-28013148

The victims reported the matter to the police through the reporting unit Action Fraud. The City of London police shut down the company's UK website .

However, no arrests have been made, and both the City of London police and the Metropolitan police told the BBC they were not investigating the matter.

The dynamics of the case are not the same (the above case was a deliberate scam from day one) but the lack of investigation demonstrates how little the local authorities will do to help anyone who claims laws have been broken at their expense.

You could try to report to Action Fraud in the UK, because you have paid an advance fee for something that hasn't turned up as promised. Looking forward to seeing how they plan this issue of shares, they obviously have fantastic lawyers and are experts in this kind of thing, so no doubt I will learn a lot about just how easy it is to do as proposed.

[brian_23452]

Just gets better every time I come in here for an update.

Well, Alpha paid for risc-lot chips, and they got what they paid for. Whenever a company opens its doors to everyone to buy in, that's an immediate black flag in my book. Cashflow issues = no-go.

Good to hear some folks have been able to get chargebacks.

Yeah alpha tech wants to come across that they are unbanning people out of the kindness of their hearts.  The reality is they want to maximize their source of new capital by pitching them a new scam because the first one failed.

Welcome back unbanned friend.  Oh by the way we would like to introduce you to a new exclusive once in a lifetime opportunity.

This won't end well.  Much scam wow!

Well considering how much money they pulled in for nothing, and the fact that almost no one is doing anything to try and get it back, I would say the first scam is a resounding success.  It makes perfect sense, now that they have a complete list of gullible idiots, to target those same people with a second scam.  

[RickJamesBTC]

I can't believe bumface is here defending AT still! Look back through his posts, look for when he was arguing that they were a good legitimate deal six + months ago with me, trying to shut down my warning posts about these scammers. Pretty obvious that he is affiliated with AT at this point. Fucking scammers.

[hallo_frosch]

Aha, Fiaz has learned something and tries to play a new Game with his customers.
It´s called "Divide et Imperia"

[oldcrow]

  Wow.  Just...wow.  I have no dog in this hunt but I have been studying the various pre-order startup tech mining companies and this is the first one to use what ostensibly looks to be the equivalent of a pinksheet stock manipulation scheme.  A typical ps stock racket is to dangle shares, hook buy-ins, then fold while "apologetically" lamenting that they were upbeat and optimistic but the money's "gone".  Sometime later a new company is written up on paper and the process starts again.  Investors beware, be very ware. That is all.

[Wexlike]

Shares of a failed asic company!? Wow, thats just insane. I hope no one agrees to their offer.

I really think they never had the intention to deliver a working product, it wad always just talk and hot air. There was never a prototype.

Dont agree to that scam! But maybe its too late to get your money back.