Topic: BFL SC / Jally first picture? - page 6. (Read 26239 times)

so from my point of view it was bad (really nothing) communication from BFL that their business modell is not "pre-orders" like but "funding" like. this was not clear communicated and that will lead in disharmony with their customers investors...

So, I have been trying to find the SEC Filing in EDGAR for BFL.  I cannot find any reportings.  I did find this;

https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=149144214231010201167112190255028042109060235081


Which shows they have filed a 2012 Annual Report.

You can search EDGAR here: http://www.sec.gov/edgar/searchedgar/webusers.htm      But, I am not sure how large a company must be in order to file with the SEC, but I thought all Corps had to file.

wow, is that the Single??  

It was not my intention to sound as if I was bragging. I wanted to be clear that I am not licensed to give legal advice while at the same time giving a basis for my opinion

Ok , this has gone too far , I was watching from the side but I cannot take it anymore, so I will state some simple facts I gained while working with BFL as a customer.

I've talked with them and told them about my interest in buying their products.
I wired them the money.
They told me the delivery time.
I waited
They announced the upgrade so I cancelled my import planning to Turkey, and asked them to deliver units to a datacenter in US
Paid for the upgrade
They delivered the units
Had a problem with one of my units they solved it on time and without a headache
Their units are hashing perfectly and exactly as I'm told before buying them.

So far all my business dealings with BFL is very good and I don't believe it will change in the future.

I have a 180k investment with them as units and I feel perfectly calm, happy

I met Inaba(BFL_Josh) before he is affiliated with BFL , he might be a bit direct to idiots but he is a good guy and he is right.

I visited BFL offices, I've met with the guys, they were working their asses off to deliver one more unit one day early, I saw them jumping in the car and speeding to the post office just to deliver 1-2 more units that day. As far as I could see they were doing everything humanly possible to deliver their products as early as they can. They are working till early hours of the morning and on sundays.

So as a customer I trust them, I am sure sure that any late delivery on their part of any unit/product is not intentional , if you are making a new product in a totally new market, delays happen,  I am producing electronics for years I know that engineers fell ill, molds brake, crucial parts sometimes cannot be found and shipped to the manufactury, every possible shit that can happen happens.

So to simplify things I will be direct

- This post itself is stupid there wasnt any announcement from BFL about a jalapeno picture
- Every GPU miner hates BFL because their GPU's will become crap in a few months
- Everybody who is late to believe them or buy their products hate them and smear campaign never ends , reason is simple, jealosy
- Inaba is trying to help you guys and become a bridge between you and BFL
- BFL delivered my my units and they are working as promised
- BFL will deliver ASICS and they will also function as promised
- I will mine bitcoins, you will still be talking trash
- I am sure even if I shove an BFL SC up their rectum, some idiots still wont believe BFL asics are real.



congratulations reeses btw for my first use of the ignore button.

Yea sorry I did that all from iPhone. So I was computationally challenged

Whoa.....did this just turn into a dick measuring contest???

Alright boys, belly on up......

He used his highly qualified wife too. Pretty unfair.

I could spend hours dissecting the last posters logic and legal failures, but there is no profit in it. I always consider myself a winner of any argument that results in a personal attack against me rather then a thoughtful reply based on evidence and reason

Uh oh, dictionary fight!

Regardless of your ad hominem attack on me, the legal burden for fraud was correctly stated and yet unmet by BFL. Angry attacks serve no purpose other then as a cathartic release for your anger. Only time will tell what is true and what is hyperbole here. My hope and believe is that they will deliver. I could be wrong, as there is no sure way know until events fully unfurl.

That didn't make me feel better. Now I just feel like teaching you how to resize pictures, but i won't.

I'm sorry Bfl, but how are international refunds processed? Wires?
Being in nz I had no luck attempting to sell my low order number.

I just kinda wish I had the coin to buy his pre-orders off him, since he's looking to get rid of them...

If it will make everyone feel better I took a picture of a Jalapeño I found at goodwill last night

What's fraud?  That we shipped orders for FPGAs late or that we have taken preorders for the ASICs?  In either case, I don't see where there is any fraud or what the FTC has to do with it, please explain.

I'm thinking you might not know what a Ponzi is, so I would kindly suggest that you read up on what a Ponzi is.  I'm not sure it's even possible to have a Ponzi scheme when products are delivered... it may be possible, but it seems unlikely.  In either case, even if it were possible to have a Ponzi of Products, can you describe how BFL would fit into such a convoluted picture?  


What customers have I been an ass to?  I'm sorry if you feel I've been an ass to you, but you have been nothing but hostile to me from day one.  Are you even a customer? If not, why do you have an expectation of civility when you spew out nothing but hate and negativity?  For that matter, even if you are a customer, why do you have that expectation?  The customer is not always right.  I very sincerely apologize to those that I offend in my comments, but the bottom line is I don't suffer idiots lightly.  If you are being an idiot and I call you out on it you need to step back and assess why you just got verbally thrashed.  If you approach me with civility and facts, instead of incivility and fabrications, you will get the same courtesy in return.  If you are going to attack the legitimacy of BFL, please have your facts straight and have a logical, cogent argument to make.  

As for Inaba vs BFL_Josh, someone asked me (Inaba) for an explanation and I provided it last night to quell any fears that we are trying to hide something that materially affects BFL.  If you want a formal statement from BFL_Josh, that can be provided, but you won't get the same amount of discourse (positive or negative) there.  I've always known this would become a minor flashpoint for the haters at some point and I want to make sure that those irrational individuals like Reeses et al comments are addressed and  handled as quickly and as completely as possible, since they like to stir up trouble (I'm not singling you out solely Reeses, you have lots of company) just for the sake of being asses.  

CubedRoot: Let me know what your order number(s) are and I will get you a full refund today, and you won't have to worry anymore.  In the future, if you want me to be more "corporate like," that too can be arranged.  In fact, you can have it now:  There's an "ignore" button on the side.  That is exactly what you'll get if you want corporate as opposed to community.  Please provide an example of a COO that posts on a community forum regularly and interacts with the people around them; one that is actually in touch with the product they are selling.  As a side note, what "brash messages" are you referring to, exactly?  First it was tirades now it's "brash messages" but you have yet to point out which ones you consider as such.

THIS  ^^ A thousand times this ^^

Had I known the shady dealings before sending you hundreds of my BTC (thousands of dollars) I would NOT have pre-ordered with BFL.  I guess as a customer, I just need to know SOMETHING is being done at the factory level.  The website sure as hell gives no information, in fact it makes me even more suspicious when I browse over it.  The only communication we as a Bitcoin community get from BFL is via smart mouthed replies from Inaba or BFL_Josh.  You are doing yourself and BFL a huge disservice by being an ass to everyone...even your competitors, and non-customers ("haters").  When you become a COO of a company, you are a figurehead for said company.  EVERYTHING you do, both in your public "business" life and your personal life is a direct reflection of the company.  So, when you login as "Inaba" and post such brash messages, we the public still see's this as "The guy thats running BFL", regardless if your nick says Inaba or BFL_Josh.  Its in yours and BFL's best interests to speak as if you are ALWAYS representing the company.

I truly think BFL wants to do business the right way, Honestly I do.  They have delivered good products in the past, but the suffer from very poor management and leadership which a new company struggling with such huge demand needs so desperately to keep on track.  When you joined BFL, I was hoping you might help steer things differently, but instead you join the chorus of underbellies and continue to use harsh tones with everyone on the forums.  I am a little disappointed, and I hoped that BFL would get things right, and deliver when they first said (October), but that has now slipped, just like in the first release.  Things are not looking good, and that sucks because I want to see BFL succeed.

That's good to hear.  Keep us updated

As an aside, My BFL units have now paid themselfs off.

From now on, everything they make (less electric bill) is profit

I am not a lawyer yet, but I am awaiting the results of the CA bar after completing four long years of law school just recently. Below is my personal opinion and should not be construed as legal advice in any way:

There is no fraud if BFL delivers. Past crimes are not probative of proving the fact of the matter in a present case. Evidence of past moral turpitude crimes are admissible to show a propensity for dishonesty for impeachment purposes but cannot be used by itself to prove a present tort or crime.
The elements of fraud are:

1.   A false representation of a matter of fact—whether by words or by conduct
2.   by false or misleading assertions,
3.   or by concealment of what should have been disclosed—
4.   that deceives and is intended to deceive another so that the individual will act upon it to her or his legal injury

The important element is the last one. In essence there needs to be harm. If BFL delivers the products then there can be no fraud, even if the owner purports himself to be the King of Great Britain. I do not think throwing out terms like fraud is constructive or fair until BFL has had an opportunity to deliver.  If they fail to deliver or the product is materially non-conforming, and BFL knew or had reason to know that such was the case when they sought to sell their product, then and only then would your accusation be Justiciable in a court of law.

Is it worrisome that the owner of BFL has a sorted past? For myself it does add a bit of concern over my investment, but I will reserve judgment until such time as it is clear they have delivered or defaulted in some way.