Topic: DragonMint T1 16TH/S halongmining.com - page 45. (Read 87857 times)

If you want to do due diligence on a company, you can easily get a sales agreeement from them. It doesn’t mean you need to send money to the company. After reviewing a sales agreement, you can then consider the terms and make your decision.

B29 and B52 and T1 are shipping, however, Holiday was in the way that caused a few days of delivery delay due to the logistical issues of dealing with the Customs agencies and transport companies.

Phil's unit wise, it will be on the way, but as it was offered, after first batch are out, late March into Early April.  some of the early buyer's unit are still in transit, hopefully everyone will have the T1 by Friday, or reach your country by Friday.

We will look into preparing unit for Phil but shipping already paid customers are priority than try to prove our existence at the moment.  All resource is pointed to shipping out BTC, SIA and Decred miner at the moment.

Don't you think they have already thought about someone like you sniffing up the pole?

Regardless, so what? What are you going to do? Go sniff them out and then what?

I am not assuming that "Inc." is reflective of only US corporations. I am going off of the name that MyRig presents to the world on its own ToS page, "MyRig, Inc." which is not a valid name in any jurisdiction in any country on earth as far as I can tell. It appears that the only legally valid name for MyRig is its Japanese name, which thankfully we now know is "マイリグ株式会社". Now let's find out what Halong Mining's incorporation details are. Anyone?

[....] your assumptions are based on “inc” means only US corporation which is incorrect. [....]

The onus is on the business to present accurate information about itself to the world. As it stands now, MyRig is inaccurately representing itself to the world when it states on its ToS that its name is "MyRig, Inc." The entity's actual name consists of Japanese letters, not English letters. This may seem like a meaningless technicality to some, but it is actually quite important so that people can reliably conduct due diligence.

I have searched everywhere for Halong Mining's incorporation records, guessing at the country in which it has incorporated. I even checked Vietnam to no avail since "Halong" is a city there. This is case in point why presenting accurate information is so important.


It is odd if you consider that MyRig has held itself out as a Colorado corporation (https://i.imgur.com/8WZDWmZ.jpg) using a name ("MyRig, Inc.") that does not exist in the records of Colorado's Secretary of State. MyRig has a receiving address in Colorado at a UPS Store and transacts business there. To that extent, it is required under Colorado law to obtain authorization to conduct business in Colorado as a foreign entity. If it registered, we'd have the ability to hold MyRig accountable using legal process should circumstances justify it some day. If it does not register, then U.S. customers should understand the lack of accountability should something go wrong when transacting with MyRig.

HagssFIN, thank you. Getting this information has been like pulling teeth. However, MyRig clearly states on its ToS page that its name is "MyRig, Inc." -- not "マイリグ株式会社", and as far as I can tell, "MyRig, Inc." is not a valid entity. The actual name of the validly incorporated entity is マイリグ株式会社.

MyRig should update its website's ToS to reflect that it is a Japanese corporation named マイリグ株式会社, not a Colorado corporation named "MyRig, Inc." These details are important for accountability purposes. As of the time of this posting, MyRig does not state on its web site that it is a Japanese corporation. It holds itself out as a Colorado corporation, choosing Colorado as the venue and jurisdiction for disputes and requiring the application of Colorado law, not Russian law and not even Japanese law.

In addition, I am still unable to confirm that MyRig or マイリグ株式会社 is authorized to conduct business in Colorado, as it is required to register as a foreign corporation if it is operating there. Otherwise, it is operating in contravention of Colorado law.

People are jumping in to conclusions too quickly. Just because you can't find the information in the database, doesn't necessarily mean that the information is not there. You might just be unable to enter the right keywords in the search engine. [....]

[....] They have entered the corporation information in to the database system in Japanese only, hence why you can only find that information by searching with the Japanese expression of the company name. I don't think there is anything odd with that. [....]

MyRig Inc. company registration in Japan is legit for sure.

Their corporate number is 5450001012110
and you can see the official information here in Japanese
http://www.houjin-bangou.nta.go.jp/henkorireki-johoto.html?selHouzinNo=5450001012110

MyRig Inc. company registration in Japan is legit for sure.

Their corporate number is 5450001012110
and you can see the official information here in Japanese
http://www.houjin-bangou.nta.go.jp/henkorireki-johoto.html?selHouzinNo=5450001012110

I am making no such assumption. I am relying on what MyRig has told us about its legal incorporation status on its very own terms of use page on its web site (see: https://i.imgur.com/8WZDWmZ.jpg). MyRig holds itself out as a Colorado incorporated entity, hence the name "MyRig, Inc."

I even went so far as to check the Japanese government's official incorporation records. You can do so yourself here: http://www.houjin-bangou.nta.go.jp/en/. Just type "myrig" into the "Name" field. Zero results.

That leaves Russia. If MyRig would like to announce that it is a Russian corporation, I would be thrilled to receive this news. I have not checked Russian incorporation records but I would be happy to verify such a claim from MyRig if it would like to make it.

You're assuming all businesses are incorporated in USA. I think MyRig is Japanese or Russian.

Inc. could just be a translation for what ever the designation is in those countries.

Myrig:
Minami 9 Jo Dori 26 Chome 589-57, Asahikawa, Hokkaido, Japan 078-8339

telephone number:
0166-74-6033

https:// goo . gl /maps/nU5wJJD2sxR2

Please help me make sure I understand you correctly: If someone wants to conduct due diligence on "MyRig, Inc." that person must first buy from MyRig to see the company's official info? That's not reasonable. That's not how it works. The entire point of due diligence is to determine if the company is worthy of doing business with in the first place. In conducting my due diligence, I've relied on the info about its legal status that MyRig has posted on its web site (see: https://myrig.com/terms-of-use). Legitimate operators tend to post their information on such pages, and not wait to disclose it until after the sale. The information MyRig shows on its terms of use page cannot be confirmed with the Colorado Secretary of State. Specifically, I am talking about the fact that "MyRig, Inc." holds itself out as a Colorado corporation, hence the significance of using the abbreviation "Inc." in its name, which carries important legal significance. I've made this point a number of times on this thread, but MyRig and Halong have chosen not to address it, which has raised concerns among would-be buyers and those who bought in the pre-sale, including myself.

I have purchased a number of DragonMint T1 units directly from Halong Mining (April Batch 2). I assure you I am not "just making noise." I have no stake in the game other than to help people make informed decisions and to try to achieve some peace of mind for myself by receiving some info about Halong's legitimacy (or lack thereof).  Halong points to its relationship with MyRig as evidence of its legitimacy, so MyRig naturally should fall under same due diligence umbrella when investigating Halong.

I would love for Halong and MyRig to address these legitimate and lingering concerns once and for all and get on with being above-board operators.