BFL - You Must Confirm Your Order - AKA - Cashflow Issues?

Kluge

donator

Activity: 1218

Merit: 1015

Quote from: anonymous_hero on May 02, 2013, 04:22:31 PM

Quote from: Kluge on May 01, 2013, 04:49:55 PM

Quote from: meowmeowbrowncow on May 01, 2013, 04:46:46 PM

Via newsletter.

Quote

Final confirmation is required

Please be advised that due to the adjustments described above, we need your confirmation prior to release of your order into the final build queue and on to final delivery. It may also be a good time to review your purchase altogether relative to the bitcoin market as this is the last opportunity to do so. If your order is not confirmed, it will be canceled and your money will be refunded.

Sounds like a cashflow problem. Last minute refunds after capital investment might sink their ship.

Interesting.

Sounds more like a cash grab to me. New orders cost a lot more, they can ship to more people in line, and they may not have immediately sold the BTC they collected. Since the refunds are basically forced (48h ultimatum via email is absurd), I really doubt BFL didn't think this one through.

I don't necessarily disagree, but where'd you hear the 48h limit? Seems they've been ambiguous about when they will refund all non-confirmed orders.

https://bitcointalksearch.org/topic/bfl-is-shipping-192854

Apparently misinfo. OP is now edited to show 10 days. My bad.

anonymous_hero

newbie

Activity: 25

Merit: 0

Quote from: Kluge on May 01, 2013, 04:49:55 PM

Quote from: meowmeowbrowncow on May 01, 2013, 04:46:46 PM

Via newsletter.

Quote

Final confirmation is required

Please be advised that due to the adjustments described above, we need your confirmation prior to release of your order into the final build queue and on to final delivery. It may also be a good time to review your purchase altogether relative to the bitcoin market as this is the last opportunity to do so. If your order is not confirmed, it will be canceled and your money will be refunded.

Sounds like a cashflow problem. Last minute refunds after capital investment might sink their ship.

Interesting.

Sounds more like a cash grab to me. New orders cost a lot more, they can ship to more people in line, and they may not have immediately sold the BTC they collected. Since the refunds are basically forced (48h ultimatum via email is absurd), I really doubt BFL didn't think this one through.

I don't necessarily disagree, but where'd you hear the 48h limit? Seems they've been ambiguous about when they will refund all non-confirmed orders.

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: billotronic on May 02, 2013, 02:44:34 PM

Quote from: jspielberg on May 02, 2013, 08:24:07 AM

We all might be wearing diapers by the time they ship.

Touche!

good one.

billotronic

legendary

Activity: 1610

Merit: 1000

Crackpot Idealist

Quote from: jspielberg on May 02, 2013, 08:24:07 AM

We all might be wearing diapers by the time they ship.

Touche!

cdog

hero member

Activity: 1036

Merit: 500

I think we are gonna need diapers after we see the next 2-3 difficulty spikes.

jspielberg

sr. member

Activity: 490

Merit: 255

We all might be wearing diapers by the time they ship.

ebildude123

full member

Activity: 223

Merit: 100

Quote from: billotronic on May 01, 2013, 09:57:09 PM

Quote from: runlinux on May 01, 2013, 07:12:40 PM

They wanted people to confirm that they were OK with the power requirements. My order is still good at 163$, paid in full

dito

in all seriousness, if my lone jalapeno ships, i might have to wear a diaper for a month.

billotronic

legendary

Activity: 1610

Merit: 1000

Crackpot Idealist

Quote from: runlinux on May 01, 2013, 07:12:40 PM

They wanted people to confirm that they were OK with the power requirements. My order is still good at 163$, paid in full

dito

in all seriousness, if my lone jalapeno ships, i might have to wear a diaper for a month.

Minor Miner

legendary

Activity: 2478

Merit: 1020

Be A Digital Miner

Quote from: runlinux on May 01, 2013, 07:12:40 PM

They wanted people to confirm that they were OK with the power requirements. My order is still good at 163$, paid in full

Wonder why they would be so concerned about doing that?
any word on who the lucky charity that is getting the 1000BTC is?

runlinux

hero member

Activity: 566

Merit: 500

They wanted people to confirm that they were OK with the power requirements. My order is still good at 163$, paid in full

Minor Miner

legendary

Activity: 2478

Merit: 1020

Be A Digital Miner

Quote from: battmann on May 01, 2013, 05:02:32 PM

Wait so does this mean that the Jalapeño that I pre-ordered for $163 now isn't enough money? If I want to get my asic I have to give them more or I'm just fuxked?

I do not think they will make net profit from a sales price of $163. They make make a little gross profit but given the new case and heat sink and fan and power supply, it is probably not a great business for them. I am sure they will ship it, they just won't be popping the bubbly over it.

battmann

full member

Activity: 182

Merit: 100

I am a student of programming and design.

Wait so does this mean that the Jalapeño that I pre-ordered for $163 now isn't enough money? If I want to get my asic I have to give them more or I'm just fuxked?

Operatr

hero member

Activity: 798

Merit: 1000

www.DonateMedia.org

Cept the product page is offline...

meowmeowbrowncow

sr. member

Activity: 322

Merit: 250

Quote from: Kluge on May 01, 2013, 04:49:55 PM

Quote from: meowmeowbrowncow on May 01, 2013, 04:46:46 PM

Via newsletter.

Quote

Final confirmation is required

Please be advised that due to the adjustments described above, we need your confirmation prior to release of your order into the final build queue and on to final delivery. It may also be a good time to review your purchase altogether relative to the bitcoin market as this is the last opportunity to do so. If your order is not confirmed, it will be canceled and your money will be refunded.

Sounds like a cashflow problem. Last minute refunds after capital investment might sink their ship.

Interesting.

Sounds more like a cash grab to me. New orders cost a lot more, they can ship to more people in line, and they may not have immediately sold the BTC they collected. Since the refunds are basically forced (48h ultimatum via email is absurd), I really doubt BFL didn't think this one through.

That's a good point. Push old out for new, increased revenue.

Yep.

Kluge

donator

Activity: 1218

Merit: 1015

Quote from: meowmeowbrowncow on May 01, 2013, 04:46:46 PM

Via newsletter.

Quote

Final confirmation is required

Please be advised that due to the adjustments described above, we need your confirmation prior to release of your order into the final build queue and on to final delivery. It may also be a good time to review your purchase altogether relative to the bitcoin market as this is the last opportunity to do so. If your order is not confirmed, it will be canceled and your money will be refunded.

Sounds like a cashflow problem. Last minute refunds after capital investment might sink their ship.

Interesting.

Sounds more like a cash grab to me. New orders cost a lot more, they can ship to more people in line, and they may not have immediately sold the BTC they collected. Since the refunds are basically forced (48h ultimatum via email is absurd), I really doubt BFL didn't think this one through.

meowmeowbrowncow

sr. member

Activity: 322

Merit: 250

Via newsletter.

Quote

Final confirmation is required

Please be advised that due to the adjustments described above, we need your confirmation prior to release of your order into the final build queue and on to final delivery. It may also be a good time to review your purchase altogether relative to the bitcoin market as this is the last opportunity to do so. If your order is not confirmed, it will be canceled and your money will be refunded.

Sounds like a cashflow problem. Last minute refunds after capital investment might sink their ship.

Interesting.

Topic: BFL - You Must Confirm Your Order - AKA - Cashflow Issues? (Read 2224 times)