Topic: Alpha Technology Litecoin (Scrypt) ASIC Miner Order Batch 1 Now! - page 119. (Read 529096 times)

You all would be well advised to try clarify Fiaz's role in the company. Do his statements represent official company policy or are they personal views ?

This is important because if he is acting as a company spokesman,  his statements and actions may serve as evidence in any future civil or legal proceeding.

Personally, I'd prefer  to hear from a company officer on any matter of importance. Fiaz is just an employee, and possibly a shareholder, and as I think we've already seen he is likely to change his tune, edit his posts or claim his statements have been misrepresented as needed.

Ditto for the 'Doctor'.

I read this link https://forum.alpha-t.net/index.php?topic=903.0

i dont understand how he can think a terms page can go above the law of an entire country (Distance selling Regulations allowd FULL refund).

his "logic" is, you agreed to the terms, that does not make an illigal thing legal!

If i make a terms and you guys agree to it and it says "if you dont pay me back i will steal your car" that does not magically make stealing legal. even if you click i agree in my terms button.


Distance selling Regulations :
http://www.which.co.uk/consumer-rights/regulation/distance-selling-regulations



I agree with Fiaz that they have given more hashrate then we had agreed to, and this is most kind,but if the law says i can get a FULL refund, then i can get a FULL refund, that means 5450 GBP.

This company has made me scared,i dont even dare to post on their forum in fear of being deleted.

 why would i want to own a part of it? i want out.

nobody is above the law

http://dshub.tradingstandards.gov.uk/dsrexplained



unconditional right



FULL REFUND BY LAW, your terms are not above the law. are you really going to fight every customer, and then fight the law of the kingdom of great brittain itsself? are you kidding me? Where is an attorney who can prove your terms are above UK law?
http://dshub.tradingstandards.gov.uk/dsrexplained

notice the .gov in the url.....this is not some bunch of trolls making stuff up. this is the actual government of the actual United Kingdom , showing the actual law, that actually apllies to us.

5450 gbp refund please

This is why some folks initially waved the scam flag, or the "was legit but turned into a scam" flag, because it's not often people who've run businesses in the past (which they have) are *this* dumb.

This level of dumb is almost theatrical, which pushes it toward the edge of "was planned this way" in many folks' sight. While I don't believe they were a scam at the outset, I find this level of stupidity hard to comprehend without some piece of the puzzle we're not aware of yet.

This thread reminds me of a song:

http://www.youtube.com/watch?v=OMOGaugKpzs

Every breath you take Fiaz, we'll be watching you

I see Fiaz has a new word "Vitriol". Anyone who disagrees with him is spreading "vitriol" and being "unconstructive"  As for not knowing about batch 2. Deigo pointed this out before his post was deleted:


You can't hide Fiaz.

Actually, I think they're fully aware of this, which is why they're in full carrot and stick mode;

- Pay for your order in full, and also receive shares in our company + 10% off your next order
- Don't pay for your order in full, and kiss your deposit good bye.

Other posters in the thread have already seriously questioned their ability to offer shares in the company, and when all's said and done, when (or "if", if you're an optimist), the company goes bankrupt they'd be worthless anyway. The best you'll get is another empty and unfulfilled promise.

No, this is rats and sinking ships territory. They can promise you whatever they like, but to me it sounds like they're in big trouble.

Lots and lots of words, and still nothing to show for it. Smoke and mirrors.

i doubt if they realise the seriousness of the situation and howmany people are reporting them to any and every agency they can find....

The fact that a terms page can not superceide the law also seems lost on them.

I say it again, the wise course of action that will ensure survival of the company is refund the people who want a refund in full....mine with their miners until they are resold with a small discount.

The shitstorm that is coming their way is enormous,and why you would want to battle 100s of disgruntled customers in court is beyond me to understand.

The terms i have agreed to state nothing about terms being subject to change, and state nothing about me being viewed as a buisness, which i am not.

i am fully in my lawfull right, and any judge that is not smoking meth will acknowledge this,,especcially now that i am in possetion of the full website from januari.

If they do not respond to my email and grant the full refund, im going the bitpay route, and then gradually higher up in assistance. all the way up to debt collectors.

I hate what they are turning me into.i simply want my lawfull right fulfillend, and i wil bare no grudge and i might even order in the future with them if they handle this well, and have a good product to show that is not pre order.

SHOW US THE PRODUCT FIAZ

Sure Fiaz … "NOT NEVER"

>We have been crystal clear from the start with our cancellation policy so why you would order from us if you didn’t agree with it or worse you thought it wasn’t legal is beyond me.

Wrong question. Its not "your" cancellation policy, its law that counts. We do accept the law, the DSR, which you dont accept and respect. We ordered because of the law, and not because you have written something in your T&C. I also can write bullshit and call it T&C, so what? It is not worth the paper you wrote on.

Have fun from Fiaz:

"Hey guys,

To all those who are not happy with this proposal and are demanding a refund I will start with copying part of the update as it does address this: 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 as we 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. 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. We have been crystal clear from the start with our cancellation policy so why you would order from us if you didn’t agree with it or worse you thought it wasn’t legal is beyond me. Customers who do not pay in full will of course not receive shares in our company, their orders will be cancelled subject to our cancellation policy; this is the final word on this. And while technically the due date has passed we of course haven’t cancelled anybody’s orders but at a certain point enough is enough. If we were any other company we wouldn’t be having this discussion, it is what it is, if I may be so bold we have gone above and beyond the call of duty for you; this is a fact. I am sorry it is your perception that you believe you are entitled to more from us however we have nothing left to give and can do nothing more for you. You paid for a 25Mh/s miner and everything on top is goodwill, this is simply a fact.

Thank you and I am sorry if my responses are too blunt I will work on it I am just proud of my company taking this action as I know these choices are never easy and it is always tempting to take an easy way out yet here we are doing our best and you can't ask for more than that. How many other ASIC companies out there would have gone to these lengths to keep your custom and loyalty. In any case I will leave the legal and executives to lay out their plan to you in the next update hopefully. Sorry for this sloppy post I will clean it up as soon as I can.

So in short we will not allow customers who only pay 30% to join the company and their orders will be subject to our cancellation policy. This is the final word on this as such any posts on this will be deleted and the poster will be PM'ed this post. I am sorry if this sounds harsh to you but the bottom line is aiming your frustrations at me will change nothing and not help you in any way: it is what it is and while it should go without saying: this is our final word.

You have paid for a miner which you will get, nothing has changed regarding this transaction except that we are giving something extra. I would like to say to some people that I have only been responding in kind to complaints that are unwarranted so if you would please work with me here constructively in order to help you instead of this hostility and nitpicking about pointless things just for the sake of it we will get somewhere and you will be better off for it as we've proven we directly make changes based on your input in this forum. This is just a fact that has obviously not gotten across to everybody yet; my goal and sole intention here is to work with you and help you so help me to do that instead of hindering me as you will only be helping yourself. Surely this makes sense?

Now if you take issue with my stance on this you are welcome to PM me."

Not true

Lets sell some Viper units, and get free legitimisation to do share business. Its dat easy. Have you forgotten have to became company founder by doing business with AT?  
Read their T&C, its pure trueness.  

Need to give you my latest update.


I paid them on July 14th, and on July 28th I requested a full deposit refund as is outlined in their terms. I also opened a dispute with them with BitPay. I have emailed them every 24 hours without any response, and I have been in communication with BitPay every 24 hours. They have not responded to BitPays requests at all.

I finally received an email today from Alpha that said

"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. Our terms specifically mention end of Q3 as the latest we can ship, if we announce we will try to ship sooner it is done purely in goodwill and not something we are contractually obliged to do."

And I told them

"
Hello. I am not cancelling my order and it has been less than 20 days
since I made my payment. As per the terms I agreed to when making my
payment it states "Within 0-1 month after receipt of payment: Full
deposit will be refunded." It has been less than 1 month and and I am
requesting a refund of that deposit that I just sent less than 20 days
ago. In an earlier email I communicated to you that I private messaged
Fiaz Malik and he stated that if I were to send the payments email a
request for my refund that it would be processed. The response you
gave to me in email to that request said that we want you to read a
forum post before you finalize your BitPay payment refund request. And
every 24 hours since that email I have reinstated that you need to
refund my BitPay payment immediately without further delay.

I'm not sure if you are thick headed or what but you need to refund my
payment as per the terms I agreed to."

I also wrote a full length complaint via BitPay as well detailing every single deceitful criminal act and behavior that this company has committed in the last month.

I'm pretty sure we are past the point of good grace with this company. They are going to go bankrupt, and take everyones money with them, and then we will have to deal with the legal crap for the next year.

This has been the largest waste of money and time that I've dealt with in a decade. This shit is disgusting.

Hey Searing. Well done mate. I think you've found a potentially winning formula. Using the Coindesk article and the M Akram statement was a pretty smart move. Everyone should follow this route.

Interestingly Amex said they got the money from Alpha's merchant account, which means Alpha's bank paid up. This means the are taking money direct from Alpha's bank account. I suggest anyone looking for a refund move fast before the money dries up. You MAY have some bankruptcy protection if you paid by CC but if you paid any other way you will be out of luck.

Yep. Pretty much. This is why I pointed out the Laws. It will take Alpha MONTHS and tens( possibly hundreds) of thousands of pounds to organises this. They would probably spend most of their capital just to get it of the ground. They don't have the intention or the finances to do this right, as you say customers will probably just get an email saying "You are now the proud owner of 250 shares in Alpha Technology we promise to pay you 000.1% of any and all future earnings".

None of it will be legal, just another money grab. BUT, messing around with the FCA or FSA is pretty serious stuff. This is not a breach of the DSR, they WILL end up in prison if they if they try to pull a share scam. Mr Akram and his cronies are heading closer and closer to an 8x8 cell.

well well well ladies and gentleman, lo and behold, i am banned again

hi fiaz, if you are reading this, "rest assured", i will "go out of my way" to make sure i apply to every single possible way of litigation against you and your company

i feel like a fool, i paid in full and all with bitcoin. I felt pressured when they asked for the 70% and i feared of loosing the order. That money is every cent i own and i cant afford to loose it. That money was to be an income to facilitate UTC expenses and help the coin grow.

I think alpha tech and customers are to blame. Alpha not disclosing problems as they happened and banning, and customers for yelling scam to quickly.....anyway this thing turned into a giant cluster f#ck and i have asked for a full refund yesterday which is my right by law. i am not a buisness and here in the Netherlands i can earn legally with mining and report the income as "side revenue" as an individual.

I am well within my right to recieve a full refund, i was not greedy when i ordered this, i simply wanted an income.I believe they are real buisnessmen and not scammers and i have asked people to be reasonable for many many times.But they keep making the wrong tactical desicion. I too have banned baseless acusations and trollers on the UTC thread, and i support this.but there is a fine line between trollers and concerned customers. And i can say when the stress of the fudders got to me, i may have banned some good people as well, this is human behavior.

we have gotten into  reversed chicken and egg situation where they want to ship machines, but somany customers want a refund now, including myself. that the outcome of shipping seems grey.

I have tried to look at this from a positive angle for many times, but now i fear i have killed my money. Kevin o`leary would be gravely dissapointed in me.

I have given them 1 week in the mail to refund me in full, so i will wait for the reply. The old your a buisness has been debunked and proven illigal. I am not a troll, i simply wish to exercise my  lawfull right.People need to coordinate actions and not start a 1000 seperate things.

and i do not think this means bancrupcy for alpha tech. they believe in their product and that is how its supposed to be.The wisest course of action now is refund people who want refunds, then AT should turn on the miners of the refunders and mine with it.

Then they should put these miners back for sale with a small discount of 20%. This way they can keep people happy and survive.Because every miner has a profit margin built in, they would even ROI quicker then any of us.


As a side note,the proper course of action was not offering shares in the company, becasue disgruntled customers have no taste  to own which they do not like. The wise thing was to rent hashing power effective imeadiatly and distribute this under customers as a compensation for missing the juli date.......

Would you happen to have a link or more info? A quick google search didn't turn up anything.  Cheers!