Topic: Alpha Technology is Pulling Posts On Their Site (Read 4090 times)

 Go here guys... This appears to be the most informative thread. Anything you can do to help, please offer.

https://bitcointalk.org/index.php?topic=314402.new#new

Now Alpha Technology is deleting their own posts on their own forum.  They cleaned the slate of all their Announcements.

https://forum.alpha-t.net/index.php?board=38.0

My guess is they didn't like some of the negative comments attached to the Announcements, or some of the Announcements had guarantees that they were failing to deliver on.

Looking at the pictures of their office and such that was posted very early on set off the warning signs for me.
Looked a bit more into it, looks like they'll deliver at some point, but probably when ROI will be some way off, if not impossible.

Fiat deleted all his posts on bitcointalk and litecointalk that had the July date as a guarantee. He also edited the AT forum cleaning of the July delivery.  The best you can do is try to find a cache or archive or make a legal request for those deleted posts.

Where is there documentation supporting an Alpha Technology promise to deliver by the end of July?

I am looking for hard facts I might be able to use to substantiate a claim of fraud.  Has anyone compiled such a list?

I am trying to get my deposit money back or worst case have it applied to the 50 Mh/s system.  Since they are clearly going to ship late there is no way for ROI.  Frustrated.

 No and eventually with a far inferior product.

 We have to stand up together if anything is going to be done. Another member on litecointalk sent me a link to a person that helped him fast. I sent them an email yesterday, but as of yet, I have heard nothing back.

Forgive me, but have they actually delivered anything yet?

Or even look like delivering?

Update:

 [email protected] is actually answering emails now. Here is their response to me even though I did request during the 5 month period. So I am back to square one. Any help is greatly appreciated guys. I do not see how they can call me a business, as I clearly am the only one who can do that.

Hello there,

We are very sorry but as per our cancellation policy it has been longer
than 5 months since you placed your order therefore you are no longer
eligible for a refund. We have been very clear and open with our terms
of order, it was released as a news update, it is easily available on
our website and you are urged to view it on the product page before you
order. Such regulations only apply to consumers and you are a business
customer with us. I can assure you that our legal matters are dealt with
by a leading law firm in the UK. Our terms of order are completely legal
in the UK. It was typed up by solicitors who specialize in this area of
law. They have advised us that all our customers will be legally classed
as businesses for many reasons, one being that the hardware we are
selling can only be used for mining cryptocurrencies which is a business
practice according to HMRC.

Best Regards,

Alpha Technology Team

On 2014-07-14 23:45, xxxxxx wrote:
> I am also aware of thelaws in theUK which state I have 2 weeks within
> receiving an order to request a refund. You Terms are against your own
> laws. I ask you again to Refund all my money now. I will take further
> action, and know of others you have fully refunded. Please make this
> as simple and easy as possible on all of us. Otherwise, we are headed
> down a bad road. Your terms clearly break the law.
>
>> --------- Original Message ---------
>> Subject: RE: Refund Me Now Please
>> From: [email protected]
>> Date: 7/14/14 2:24 pm
>> To:xxxxxxx
>>
>> Hello there,
>>
>> We are very sorry but as per our cancellation policy it has been
>> longer
>> than 5 months since you placed your order therefore you are no
>> longer
>> eligible for a refund. We have been very clear and open with our
>> terms
>> of order, it was released as a news update, it is easily available
>> on
>> our website and you are urged to view it on the product page before
>> you
>> order.
>>
>> Best Regards,
>>
>> Alpha Technology Team

 Thanks Starscream. I have filed my complaint, all I can do is wait now.

Thought this might interest you guys:

https://bitcointalksearch.org/topic/m.7279319

I'm not actually whining, but rather publicly stating my interactions so far with Alpha-Tech as a way of letting it be publicly known what sort of company we're dealing with.

True.  But then neither is whining about it on a forum.  So I guess we're even

I completely agree with what you're saying.....

But the "told ya so" attitude isn't going to resolve this horrible practice that seems fairly common in the BTC/Alt/etc world.

What I mean by terrible deal, just look at the terms you agreed to:

You agreed to completely fund their entirely operation (along with the other "customers"), thus taking on 100% of the risk.  With absolutely NO say whatsoever in what they do, how they operate; you can't even SEE how they operate let along control it!  And of course no claim at all to any of their assets.  Well of course they aren't going to make decisions based on what makes you money, but what makes them money.  Sure they offered a money back of some sort, why would you trust them?  Would you buy something on here from someone you didn't know without using escrow?  Why are these guys any different, you didn't know them either.
But the best part is they were never under any obligation to actually deliver a miner anyways.  They could entirely within the legal context of the agreement, finish the miners right on time, and then keep them themselves and mine with them and there is nothing you could do except demand a refund (with them even profiting off of that, due to being able to pick the exchange rate BTC or USD whichever they preferred).  Or perhaps they could have successfully stalled you long enough to actually deliver a miner after they were done with it and it was no longer profitable.  Either way, within the terms of the agreement, they didn't have to scam you at all or break any contracts to completely rip you off.  It just amazes me that people sign these deals that are so clearly terrible and then act surprised when it doesn't work out.

You assume that there IS a better solution, or any good solution.  If the only way to get into a market is to take a really really crappy deal, then the solution isn't to take the crappy deal, it's to not get into the market at all. 
It isn't intended as an "I told you so", though I can see how it comes across that way.  The reason I harp against these types of preorders is because they are NEVER a good deal for the customer.  There's a reason these companies choose to finance their operations this way, as opposed to going with more traditional financing options and that is because no experienced financier would ever in a million years accept the terrible terms of the deal. 
BUT, they still need financing, and customers are still a better option than real investors.  If we collectively refuse to accept terrible terms they would have no choice but to offer better terms.  They don't do that though because customers are willing to take terrible terms.  Thats the point, you still seem to see this as a good decision on your part that simply went unlucky.  It isn't, and it wasn't.  It was a terrible deal from the get go and luck had nothing to do with it, you were never going to profit from this business decision.  Unfortunately, as long as people continue to throw money at companies like this they will see no reason to change their business practices. 

 Guy's, I am seeing a massive surge of PM's of people with the same issues. If We do not stand together, We all get screwed. According to their last ToS agreement, I sent them over 6k usd, if they agre to send me back anything, I am lucky. Please make more informed. One of the biggest forums alpha is on and being promoted is in litecoinforums. Please check here. : https://litecointalk.org/index.php?topic=20441.msg184167#msg184167 and I also posted here but Chirale does not want to get involved so he decided to leave them up... : https://litecointalk.org/index.php?topic=6506.msg182913#msg182913

 If we do nothing, they will simply steal our money...

Here's the image proof you wanted, FYI.

 Please tell me how this could be construed as good criticism? You scream I told you so, yet never offer a better solution....

Yes it was too greed.  You wanted to profit in a situation where no profit was possible.  If the only possible chance at profiting in a particular industry is to gamble 10s of thousands of dollars on some 2 bit, no name company's imaginary product, then that is NOT good business.  Good business would be saying, "gee, I guess now is not a good time to get into the business at all".

You were never an investor.  You were an interest free loan.  Investors received detailed information outlying the investment.  You did not get this.  Investors have a stake in the company.  You did not have any.  You were promised a money back guarantee.  Investors never get such guarantees.  Nothing at all about this transaction in any way suggested you were an investor.  The fact that you thought you were investing reveals quite a bit about your business acumen, or lack thereof.   
There is that greed that you claim you didn't exhibit.
Stop using that word.  You were never an investor.  You have no stake in the company, and no claim on their assets or income.  None. 

Incidentally, had you read what little information they gave you that construed the contract for the deal, you would have known they were never going to willingly give you a refund until they no longer needed the interest free loan. 

Evidently, it is!