Topic: AMT users thread. - page 41. (Read 60119 times)

Getting close.  We only built the PCBs and AMT did everything else.  I don't see anything wrong with the PCBs.  The problem lies in the work that AMT did, and I do have a solution to fix this problem.  Respectfully, I would give AMT the info if they paid their bill for services rendered.

No I get the point. You only built the design that you were giving, except the design was incorrect.

And you know how to change the current design to make it correct except you need to get paid for it.

...and if putting the steering wheel in the trunk and the transmission in the backseat damaged the said steering wheel and transmission (aka hash PCB boards), then this is out of IMET's control and scope.

Not quite.  We built to print and ONLY the PCBs.  I think this is the point that is being missed here.  We did verify that the PCBs worked before going into production.  We delivered good product to AMT, but it was only the PCBs.  The rest of the work was done by AMT so if they put the steering wheel in the trunk and the transmission in the backseat, I had no control and it is out of scope for IMET to correct these problems.   

So what you are saying is, you put the steering wheel in the trunk and the transmission in the backseat but only because that was the design that was giving to you. Looking back at it, we know the car has very well made parts and the parts are installed very well but they are installed in the wrong place.

We would have looked into fixing boards if AMT was willing to pay for this work.  The problems occurred are not due to PCB assembly.  Because the problems are not due to PCB assembly, this work is out of scope for IMET and we would need to be compensated.           

So let me get this straight.  You had offered to AMT to fix any non-working PCBs, yet they aren't interested?

Are they supposed to fix any non-working units delivered to the customer?  How are they supposed to do this?

Talk about breach of fidiciuary duty.

Its also 8:49AM the courthouse likely is not even open yet Give it till the end of the day. The info should be getting published from one side or the other. I imagine the plantiff lawfirm will publish the response as well.

Today is 6/16/2016 ....   waiting for an official response from AMT regarding the lawsuit.

Of course they don't have to disclose that information but they did (or someone found it out?).

IMET appears to be in between a rock and a hard place either way.

If we believe IMET, then we can safely assume they are simply looking for the best, cheapest easiest way to be made whole.  They likely know litigation will be expensive and probably fruitless at the end of the day, so they should be willing to find the best way short of litigation to be made as whole as possible.  Selling boards to AMT customers is probably a really bad idea for IMET.  AMT and IMET need to fix this between themselves and involving AMT investomers some how is probably not a good option for IMET at this point (IMO).

If we believe AMT, then IMET could be in for some heat.  They would not be made whole and could face future litigation.

IMET is eating a shit sandwich for doing business with AMT one way or another, but its largely irrelevant to AMT investomers.

Supplier competency is just one of the many reasons (although it appears to be the only reason in miner manufacturing)  that a company needs to be properly capitalized.  Customers do not see or participate in the supplier negotiations, contracts etc, they also don't take any of those risks associated with those contracts.  As you say most of the time it's not even disclosed to the customer.

From a pure business stand point the entire miner manufacturing world is so fascinating.  Almost all of the current manufacture's have done an almost text book perfect job of fucking up every basic business fundamental yet they thrive because short term supply and demand is EXTREMELY skewed.   It is an enigma that will not last if BTC hangs around.  The sustainability of business models used by most current manufactures is a HUGE joke.  It's quite amusing to think that AMT can fight or settle the class action, pay for enough new miners to fulfil current obligations plus MPP plus sell enough new machines in a RAPIDLY declining market  to stay afloat and pay off all their other accumulated debt, well that is laughable at best.  Try taking that plan to the bank (without personal collateral) or VC and watch how fast they laugh your sorry ass out of the room.

Everyone from AMT to it's suppliers to it's investomers are probably fucked because these half wits decided to break rule #1 (under capitalize their idiotic idea).