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Topic: Alpha Technology Litecoin (Scrypt) ASIC Miner Order Batch 1 Now! - page 28. (Read 529086 times)

sr. member
Activity: 402
Merit: 250
Derekman HAS A PERSONAL JUDGEMENT, now he just needs to enforce it. I know of a couple of other customers who have also received personal judgements against Mubasher and are now seeking enforcement/have been enforced and are awaiting payment. This isn't rocket science, but if you are just about to start now, you may already be too late.

I would say definitely too late. Time to act was May/June up through, maybe, October.


yeah,  I think I filed my stuff near the end of June, took a month or two to get it done.

those that paid via CC or PayPal may still have a viable shot, others will be fighting over a rapidly dwindling pool of resources, more than likely.

on the other hand, I'd probably still file.  nothing to lose.   few bucks in court fees to kick them in the balls would be worth it to me.
hero member
Activity: 616
Merit: 500
Derekman HAS A PERSONAL JUDGEMENT, now he just needs to enforce it. I know of a couple of other customers who have also received personal judgements against Mubasher and are now seeking enforcement/have been enforced and are awaiting payment. This isn't rocket science, but if you are just about to start now, you may already be too late.

I would say definitely too late. Time to act was May/June up through, maybe, October.
sr. member
Activity: 433
Merit: 250
I HAVE a personal judgment against Mohamed Akram and against AT so i intend to summon him to court to explain where the money is if i don't get anything out of him.

If this is actually the case, then he has an extremely strong defence - in that he didn't personally deal with you and therefore isn't personally liable for the debt. That's the whole point of a limited company. You're wasting your time pursuing individuals in court because the law is on their side, and one way or another you will end up footing the bill both in legal costs and your own time will be wasted.

I'm sorry but you are wrong. He already HAS A PERSONAL JUDGEMENT. A judge has ruled Mubasher is personally liable. This isn't a complex lawsuit, its a small claim. As I have pointed out before Mubasher made personal assurances in his many newsletters and forum posts (https://alpha-t.net/news/). They were signed MOHAMMAD MUBASHER AKRAM this gives him personal contact. He has also made numerous statements and claims in the media (http://www.coindesk.com/uncertainty-builds-alpha-technology-misses-another-shipping-deadline/), these make him personally liable if the company commits a criminal act.

Very similar to this case http://www.rutherfordslegal.com/news/sue-behind-the-corporate-ve?page=5

Quote
The Court will only consider piercing the corporate veil where there is (1) control of the company by the 'wrongdoer' and (2) impropriety, that is the use of the company as a device or façade to conceal the wrongdoing: Hashem v Shayif & Radfan Ltd [2008].

Quote
In this particular case our client had paid a substantial deposit for a second hand commercial tractor but the vehicle was not delivered nor was the deposit returned. The defendant said that the transaction was with a limited company which was ‘in the process of being wound up’. We disagreed as our client had been dealing with the director personally as well as the company.

Alpha is a one man band. Any communication you have with them is directly with Mubasher Akram. The company structure does not exist, there are no other employees just Mubasher Akram and he has made promises to his customers that he has failed to deliver. He has refused to refund deposits and has cancelled orders without consent. He has broken the law and is personally liable, the company is a facade. A Judge has already ruled on this and struck out his defence. Its a done deal.

Derekman HAS A PERSONAL JUDGEMENT, now he just needs to enforce it. I know of a couple of other customers who have also received personal judgements against Mubasher and are now seeking enforcement/have been enforced and are awaiting payment. This isn't rocket science, but if you are just about to start now, you may already be too late.
hero member
Activity: 616
Merit: 500
^^  I have yet to pay any customs on international shipments where I live so ill take that chance.

Oh, well in that case that's good fortune for you. Alpha said they will be providing declaration forms of actual retail value of the equipment, which upset a lot of folks because that would mean the gear would be held. Unless your local doesn't have customs regulation, which makes it way easier.
legendary
Activity: 1708
Merit: 1080
^^  I have yet to pay any customs on international shipments where I live so ill take that chance.
hero member
Activity: 616
Merit: 500
I HAVE a personal judgment against Mohamed Akram and against AT so i intend to summon him to court to explain where the money is if i don't get anything out of him.

If this is actually the case, then he has an extremely strong defence - in that he didn't personally deal with you and therefore isn't personally liable for the debt. That's the whole point of a limited company. You're wasting your time pursuing individuals in court because the law is on their side, and one way or another you will end up footing the bill both in legal costs and your own time will be wasted.

I think his case is unique though, as he pursued the company and the government officials were unable to reach the company as they had filed a non-existent address. From what others said previously, under UK law if this happens, they allow you to go after the filers of the company directly. This may be why the company changed its name and re-registered under a proper address this time.

Why they haven't already confounds the mind. Their name is mud, their products are worthless, what are they holding on to? Just do it already, no one wants their near worthless miner anyhow.

I want my miner... I paid for it. I don't care if it never reaches ROI but I fucking want what I paid for.

I can appreciate that--just remember, you still have customs to pay for.
member
Activity: 109
Merit: 10
I HAVE a personal judgment against Mohamed Akram and against AT so i intend to summon him to court to explain where the money is if i don't get anything out of him.

If this is actually the case, then he has an extremely strong defence - in that he didn't personally deal with you and therefore isn't personally liable for the debt. That's the whole point of a limited company. You're wasting your time pursuing individuals in court because the law is on their side, and one way or another you will end up footing the bill both in legal costs and your own time will be wasted.
newbie
Activity: 26
Merit: 0
I remember a while ago someone on here saying how they were persuing 2 separate claims. One against alpha the company, and another claim against the individual, Akram. Whoever it was, did they successfully win the judgement against Akram individually? I've heard of the cases of Alpha losing but not paying up, but not of any cases of Akram losing. It would seem to me to be more likely to get your money back if you have a judgement against the individual rather than the business as the business can just wind down and dissapear. The person cannot as easily dissapear, and if he comes back to Britain, may be more easily traceable by debt collectors.

The problem is that alpha is a limited company. That means that liability for any debt that the company has is limited to the company only. The directors, in person, are immune against any claim for money.

It is very, very difficult to make a claim against a director in person. You basically have to prove that they were stealing money from the company before the company disappeared.

difficult but not impossible.... called "piercing the corporate veil"

Been there and done that. Waiting on the judgment hard copy then sending the bailiffs to Mr Akram. I HAVE a personal judgment against Mohamed Akram and against AT so i intend to summon him to court to explain where the money is if i don't get anything out of him. If he does not turn up he is in contempt of court and a warrant for his arrest will be issued. I intend to post the date and location here if you want to have a chat with him. Expect news in a month or two..... If there is still nothing i will go after the other directors up to 7 years previous but i think they will have a lot of explaining to do to the Official Receiver at the Insolvency Service when it finally goes pop. Also i note they have updated their address on companies house. This is a mistake for him as he has declared they they are a virtual company. So his home is his office and High court Sheriffs are entitled to FORCE ENTRY on premises where the business is being operated from, ANY premises where it is being operated from. it will be a slow but painful year for Mr Akram and family. Sheriffs also seize a lot of assets to cover their costs. Cars, computers, TVs, iPhones.....
member
Activity: 119
Merit: 10
If you had your promised 250Mh/s Vipers you would be earning, assuming in a perfect world you'd be earning about $5 in profit paying $5 in power and pool fees. Assuming 0.10 cents per KWH. In reality you'll be lucky to hit 75% of your daily mining calculations due to pool lag, bad pool luck, pool fees, and poor pool performance. If they don't ship their customer's miners soon there's going to be no meat on the bone at all. Just a bone, one that been picked clean. Thank you for your business, we will be opening batch two for those who didn't learn their lessons the first time around. Either that or they'll go bankrupt. Why they haven't already confounds the mind. It would protect them from all these court judgments against them. Unless they plan on stalling all of that until they have no choice but to fold. This place is really a disappointment to put it lightly. Can you believe it's been about a year since people paid for their products that would be shipped in 6 months, sounds crazy looking back that anyone would believe their crazy claims in the first place.
legendary
Activity: 1890
Merit: 1031
give me my money back, 5450 gbp
You will not get your Money back, really dude why ordered something whit this guys, you money it`s gone to Syria.
hero member
Activity: 728
Merit: 501
give me my money back, 5450 gbp
legendary
Activity: 1708
Merit: 1080
Why they haven't already confounds the mind. Their name is mud, their products are worthless, what are they holding on to? Just do it already, no one wants their near worthless miner anyhow.

I want my miner... I paid for it. I don't care if it never reaches ROI but I fucking want what I paid for.
member
Activity: 119
Merit: 10
Why they haven't already confounds the mind. Their name is mud, their products are worthless, what are they holding on to? Just do it already, no one wants their near worthless miner anyhow.
hero member
Activity: 602
Merit: 500
http://www.cryptoarticles.com/crypto-news/bitcoin-asic-manufacturer-mining-asics-technologies-declared-bankrupt

i fear that this will happen this month to alpha t.
it is a fucking crime and i hope they pay for it once the law catches up.
legendary
Activity: 1890
Merit: 1031
Maybe they should join forces with GAWminers??? lolz
GAWMiners are not Insolvent!?


Still remembering my visit to Mining Asics Technologies
http://www.bitcoinupdate.nl/home/today-we-will-be-visiting-mining-asics-technologies
newbie
Activity: 23
Merit: 0
So even the Dutch will lose money mining LTC, even if AT would deliver today and give all their miners away for free and without import duties...
Not strange all ASIC companies will go bankrupt, selling shit for 10K that makes you lose money each day...
legendary
Activity: 1890
Merit: 1031
In Europe it's even worse, since we pay around $0,35 per KWh of electricity.
Mining Litecoin after power costs will lose you over $4 a day.
And due to more difficulty that amount rises each day...
I still don't understand how it's possible that people are still mining coins, even with free power, you would make more money working at McDonalds than spending time on mining....


Happy New Years to all, and especially to those screwed by Alpha-Sprouts Tech.

Even if you had your Vipers and they actually ran to spec, the 250Mh/s unit would be earning a whopping $8.17 after paying $4.50 for power (assuming 0.10 per KWH). Calculating a 10% increase in difficulty each month means you have no hope of ever seeing a return on your investment. Besides, these numbers are assuming you have the units in hand. After waiting another 6 months for them to run out of excuses and finally ship their product, they will essentially be worthless.
In Holland it`s up to 0.235 euro cent thats 0.28 dollar cent.



Anyway, the Dutch Mining Firm Mining ASICs Technologies is gone Bankruptcy
Weblink: http://www.bitcoinupdate.nl/home/the-dutch-mining-asics-technologies-bv-bankrupt
legendary
Activity: 966
Merit: 1000
TRUMP IS DOING THE BEST! MAKE AMERICA GREAT AGAIN!
mining may become more profitable as bitcoin could rise, remember someone is buying the sells
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