Topic: all finished - page 7. (Read 44823 times)

well at this stage , I'm also in favor of a USD refund

Yeah im up for the USD refund at this point as well.

I`m aware this is closed, but whats your status on this?

waldo,

can we get an update to how you are proceeding. Are you paying the $1000 yourself, or has one or 2 people of the group offered.

If not, have you tried to get a $$$ refund or any refund from Hashfast.

To be honest you took on the role of Group Buy Leader, you now need to be a leader and get the best from your investors / partners in this.

Phil

You can always get US dollars. The question I have is whether one can get a BTC refund. What HashFast said on this site may not be in the sales agreement. If the sales agreement does not "guarantee you will not lose you BTC" or that refunds will be in BTC (both claims made by HashFast on this site), then there may not be a case. I have no idea what the law would say in the case. The sales agreement would normally be the only agreement, but we know other claims were made.

It would be interesting to see how the other cases go. If somebody wins, then it would make it easier to demand BTC.

Initially my understanding was that the lawyer will work for the percentage of the the recovered funds. I was assuming that this would give him enough of motivation to fight for our money. Now it seems that it's not the case. I really did not go deeper into the conditions but now I am not so sure that he has enough confidence that he can win this case. Therefore asking for upfront payment.

I myself have more than 30 btc in this venue so it will be heart breaking to go for USD refund but at this time I would say better something than nothing.

waldohoover,

I am definitely against paying Ray anything up front or signing such vague agreements that can trap you further than you already are.

Have you attempted to coordinate with other group buy operators? Perhaps a stronger case could be built with more people. Good chance of an attorney with friendlier terms at that point as well.

Noting rypedx is taking legal action... wonder what the terms were?

Perhaps wait for a result?

Definitely disappointed to see that we'll likely be pursuing a USD refund for less than 10% of what we paid for, rather than going for an lawsuit.

I read over Ray's conditions, and I don't think they're reasonable whatsoever. It's like a replay of HashFast, asking for pre-orders and money before they've done anything:

"You will pay $1,000 up front as a deposit against costs to be incurred, and shall

provide additional deposits upon request to cover reasonably anticipated costs."

It's already difficult enough to collect the first $1000 from shareholders, but leaving the option of asking for more deposits "upon request to cover" costs is simply unreasonable as they're already taking 40% + $1000 + $Arbitrary amount.

I personally had over 21 btc invested in this so I'd still prefer to go the lawyer route - but preferably with a more reasonable lawyer. If not, then I suppose HashFast has successfully scammed us and they're already swimming in Bitcoins by now. I can see why waldo wouldn't want to contribute the $1000 - because this lawyer's demands are simply unreasonable as he leaves the option to ask for any amount more to fund this case.

In my opinion, the best option is to find a better lawyer - a competent and reasonable one this time.

any news on USD refund?

can ask the minners whith MPP applyed? baby jet whith more ghz (like MPP promissed)

lets hurry with the usd refund while btc is on the down swing.

Could be be tricky to make everybody to agree on any additional payments.

I guess at this point I we do not have much choice but try to get USD refund.

Also, I am not sure if there is a question that could be asked in any poll.

Where is the HashFast head office, can we go and take their window models and a few 100 golden nonce's for all the trouble? 


amen brother 

I keep forgetting about this group buy I threw some cash into. Hopefully we just get the refund of our USD now.

Yep, it seems HF has it out for us as a collective group and are really sitting on their hands. At this point, anything would be a bonus so I'd take the refund or the miners. Screw these lawyers (oops, I'm sorry - Attorneys) and their serial future expenses, all expenses should come out of their end game % and that way they can plan and eat accordingly.

Fine they are shipping, but you somehow pissed them off and your early refund request means that all the orders are fucked. Yes, now 6 months later we would not have made ROI, but some how please get communications with hashfast sorted so that we can get refunds.

I think from the last couple of days posts, means that you will not get anyone or an agreement between shareholders on how to raise the $1000, and how to support any requests from the lawyers for more funds. So this just leaves the lets get refund check in.

Phil

Waldo, while I understand that you're in a rock and a hard place, you really do need to address the 200 BTC that wasn't sent to Hashfast. Did you cash it all out at once, is there some left, or is all of it left?

I don't really agree with those statements. I don't mean any disrespect to you or itod, but waldohoover is stuck between a rock and a hard place. I don't know the man personally, but reading this thread and knowing what HF did, I cannot see where he did anything wrong.  He offered to collect funds from a group of people, buy a miner, and operate the miner.  He did that, or tried.  HF failed to deliver.

He cannot do anything to motivate HF and cannot be held responsible for non-delivery.  He tried to get a BTC refund as HF promised, but they lied to everyone.  And as HF did promise to return BTC (even guaranteeing people will not lose their BTC!), there were likely folks who joined the group buy thinking it was a relatively safe bet.  Everything that went wrong here, IMO, is entirely the fault of HashFast.  They lied about returning BTC and then they presented Waldo with an absolutely insane set of conditions for accepting the USD refund.  HF is the one who screwed everyone.

It was said before, but if HF had delivered, nobody would be upset.  They didn't.  Blame them.

There is one other option that Waldo might have, if he's indeed in California.  He could sue HF himself in small claims court.  He could sue for up to $10K if he did not represent himself as a business to HF.  He could file a case for the first miner and, being successful, sue for the next.  He has reasonable grounds for doing that, since they only offered a refund with the condition that he cannot further sue them, etc -- it was an insane set of limitations to which nobody should be required to agree.  Their failure to communicate with him would naturally lead him to court.  So, he could sue over the first miner, showing all documentation where they offered a full refund in BTC, etc. and showing the present value of BTC.  He cannot ask for more than $10K in small claims, but perhaps he could start with just one that is well below $10K.

Now, once the court agrees that the BTC should be refunded, HF might feel more compelled to refund the rest in BTC without further litigation.  After all, the small claim lawsuit would set a precedent to which waldohoover could subsequently refer.

They might continue to be contrary, but he could then just file another for the next piece of hardware they failed to deliver, and so on.

The other option is to try to negotiate with HF to ship out a new miner that would meet the comparable hashing power as what would have been delivered by 12/31.  They do have hardware.  They could ship it.  That would likely be best for all.

Someone needs to find out if waldo even has a business license in California to operate. Odds are he doesn't.